Cheap Insurance for a Toyota Camry in Florida

When we talk about car insurance, the words “affordable” or “cheap” shouldn’t be used anywhere to describe car insurance prices. Please forgive the oxymoron, but cheap car insurance for a Toyota Camry does not exist. We’ll try to make it up to you, because we are going to tell you how you can quote and buy coverage that is affordable.

Buying cheaper coverage for a Toyota Camry in Florida is dependent upon a complex formula that considers things such as whether you are married, where your vehicle is garaged, and any driving offenses on your record. Drivers in Florida pay an average rate of $1,120 each year to insure a Toyota Camry, but that policy rate is an approximation based on rates for a 40-year-old single female driver who needs comprehensive and collision coverage and $1,000 deductibles.

More likely than not, you are not a 40-year-old female, maybe you are married instead of single, or maybe you have a speeding ticket that needs to be factored in. The different assumptions illustrate why the most reliable way to find the cheapest insurance price for your Toyota is to do your own rate comparisons. Get your free quotes now and you can get rates from the cheapest companies that sell coverage in Florida.

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The specific trim level will influence the cost of coverage, so the price you pay to insure a Camry LE will cost $188 less than the insurance cost for the more costly Camry Hybrid trim level, as shown in the table below.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rates do not factor in specific location which can raise or lower premiums noticeably.

Insuring your vehicle with the highest-rated car insurance provider can be a challenge considering how many choices drivers have in Florida. The rank data shown next could help you select which car insurance providers to look at when comparing rates.

The ratings below are only comprised of the largest auto insurers in America, so companies that focus mainly on Florida business are not factored into these rankings. To compare rates from these and other competitive companies, follow this link.

Get discount Florida auto insurance rates

Insurers that sell cheap insurance for a Toyota Camry in Florida could also offer special discounts that can reduce rates by as much as 40% or more if you are eligible for them. Popular car insurance companies and a summarized list of policyholder discounts can be found below.

• American Family may have discounts that include Steer into Savings, TimeAway discount, good driver, bundled insurance, and air bags.
• Farm Bureau offers premium reductions for driver training, youthful driver, renewal discount, 55 and retired, and safe driver.
• State Farm offers discounts for multiple policy, safe vehicle, student away at school, defensive driving training, and good driver.
• Travelers policyholders can earn discounts including student away at school, save driver, hybrid/electric vehicle, new car, and multi-car.
• The Hartford includes discounts for good student, anti-theft, bundle, air bag, vehicle fuel type, and driver training.
• GEICO may offer discounts for military active duty, multi-policy, anti-theft, five-year accident-free, federal employee, defensive driver, and daytime running lights.
• Progressive has savings for online quote discount, homeowner, online signing, continuous coverage, good student, multi-vehicle, and multi-policy.

The illustration below compares car insurance costs with and without discounts. The premiums are based on a female driver, no accidents, no driving violations, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, safe-driver, homeowner, anti-theft, multiple policy, and claim-free discounts applied. When discounts are applied, the average savings per year on car insurance for a Toyota Camry is 28% or $616.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3281,2357],[‘Age 30’, 2241,1619],[‘Age 40’, 2087,1507],[‘Age 50’, 1825,1323],[‘Age 60’, 1765,1275],[‘Age 70’, 2071,1493]]);var options = {title: ‘Insurance Premium Comparison for a Toyota Camry’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry in Florida’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The example below demonstrates how deductibles can influence insurance premiums when searching for cheap insurance for a Toyota Camry. The prices are based on a single female driver, comprehensive and collision coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4545,4169,3759,3371],[‘Age 30’, 3145,2875,2563,2265],[‘Age 40’, 2915,2669,2389,2121],[‘Age 50’, 2549,2333,2087,1851],[‘Age 60’, 2465,2257,2019,1795],[‘Age 70’, 2871,2633,2371,2123]]);var options = {title: ‘Deductible Levels and Toyota Camry Insurance Rates in Florida’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

In the chart above, a 50-year-old driver could reduce rates by $462 a year by switching from a $100 deductible up to a $500 deductible, or save $698 by changing to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could possibly save up to $1,174 each year just by using higher deductibles.

When insureds make the decision to increase the deductibles on their policy, it will be required to have enough savings set aside to enable you to pay the extra out-of-pocket expense that comes with higher deductibles.

Cheapest car insurance: Progressive, Allstate, Geico, or State Farm

If you’re looking for the best auto insurance, some of the largest companies to start with are Progressive, Allstate, Geico, and State Farm. They all have the same basic coverages, but each one has a distinct set of features and optional coverages that may steer you one way or another. The table below ranks price, claims, and customer service ratings, as well as some optional coverages shoppers can expect to find with each one.