Cheapest Insurance Quotes for a Toyota Camry in New Mexico

When we talk about car insurance, the word affordable should not appear anywhere in the article as a descriptor for auto insurance rates. It’s just reality that cheap auto insurance for a Toyota Camry can be hard to find. But fear not, because we will show you how you can quote and buy car insurance that won’t break your budget.

Your ability to find affordable auto insurance for a Toyota Camry in New Mexico is dependent upon a lot of rating criteria like if you are married or single, if you are currently insured, and any prior driving offenses. New Mexico drivers on average will pay $920 every 12 months for Camry insurance, but that amount is using rate data for a 30-year-old single female that has both comprehensive and collision coverage and $1,000 policy deductibles.

There is a really good chance that you aren’t exactly 30 years old or even a female, you might be married instead of single, or maybe your Camry is a different trim level than the example. Even a slight change in policy rating criteria or coverages may result in a big change in how much coverage for a Toyota Camry costs.

Different coverage needs are the reason why the most reliable method for finding cheap car insurance rates for your Toyota is to just compare rates yourself. Price quotes are quick and you will receive price comparisons from some of the best insurers that insure vehicles in New Mexico.

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The trim level of your vehicle impacts the yearly cost, so the rate you pay to insure a Camry LE trim level will be $160 lower than the price to insure the high end Camry Hybrid version, as shown in the prices below.

Table data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific location information which can affect coverage rates greatly.

Finding out which companies offer the most affordable insurance rates for a Toyota Camry involves a little more effort in order to find the most economical policy. Each auto insurance company has their own formula for setting rates, so let’s rank the insurance companies with the most affordable rates in New Mexico.

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USAA normally has some of the most affordable car insurance rates in New Mexico at around $683 annually. Allied, Safeco, Farm Bureau Mutual, and Farmers would also be considered some of the best New Mexico auto insurance companies.

As the rates illustrate above, if you are currently insured with Farm Bureau Mutual and switched to Allied, you might achieve an annual savings of upwards of $284. New Mexico drivers with Farmers may save as much as $333 a year, and Central Mutual insureds might see rate reductions of $384 a year.

To get a fast rate comparison, click here to start a quote or visit several of the following companies.

It’s important to note that these premiums are averages for all ages of drivers and types of vehicles and do not take into consideration a specific rate factor for a Toyota Camry. So the car insurance company that has the cheapest price for you may not even be shown in the rate chart shown above. That’s why you need to quote rates from many companies using your own individual information.

Insurance rate increases from tickets or accidents

The ideal way to receive low insurance premiums in New Mexico for a Camry is to be a safe driver and avoid traffic citations and accidents. The example below demonstrates how citations and at-fault fender-benders can raise insurance costs for different categories of driver ages. Data assumes a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2813,3067,5261],[‘Age 30’, 1943,2195,4389],[‘Age 40’, 1803,2059,4251],[‘Age 50’, 1577,1833,4027],[‘Age 60’, 1523,1779,3973],[‘Age 70’, 1779,2035,4229]]);var options = {title: ‘Impact of Tickets and Accidents on New Mexico Toyota Camry Insurance’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry in New Mexico’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the chart above, the average cost of car insurance in New Mexico per year with no accidents or violations is $1,906. Add in one speeding ticket and the average cost hikes up to $2,161, an increase of $255 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for a Toyota Camry jumps again to an average of $4,355. That’s an increase of $2,449, or $204 per month, just for not being a responsible driver!

Discounts on New Mexico car insurance rates

Car insurance companies that provide the cheapest insurance for a Toyota Camry in New Mexico could also offer premium discounts that could reduce prices by as much as 25% or more if you qualify. Large insurance companies and a summarized list of policyholder discounts include:

The example below shows the difference between yearly insurance costs with and without discounts. Data assumes a female driver, no claims or driving citations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with homeowner, passive restraint, multiple vehicle, defensive driving course, multiple policy, and anti-theft discounts applied. When taking advantage of discounts, the the amount saved on insurance for a Toyota Camry is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3229,2323],[‘Age 30’, 2225,1615],[‘Age 40’, 2063,1497],[‘Age 50’, 1807,1311],[‘Age 60’, 1747,1265],[‘Age 70’, 2037,1471]]);var options = {title: ‘Insurance Rate 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’,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);}

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

When comparing rates for insurance for a Camry in New Mexico, four of the larger companies to compare rates for are Allstate, State Farm, Progressive, and Geico. When added together, they make up 48.5% of all auto insurance policies in force. All four offer physical damage and liability coverage, but each has a slightly different mix of options and features that can influence your buying decision. The data below shows pricing and service ratings, plus some optional coverages that are available for policyholders.