How Much Does Insurance Cost for a Toyota Camry in Louisiana?

The chances of buying affordable coverage for a Toyota Camry in Louisiana is dependent upon a complex formula that factors things such as your birth date, whether or not you have had gaps between policies, and citations or violations on your driving record. Drivers in Louisiana on average pay approximately $1,880 every 12 months to insure a Camry, but that cost is a valuation calculated using a 30-year-old single female driver who needs both comprehensive and collision coverage and $100 deductibles.

But there is a good chance that you are not a 30-year-old female, possibly married instead of single, and there is a good chance that you need different coverage limits than the exampe. There is no one cookie-cutter policy that works for everyone, so the way we recommend to find cheap insurance rates for your Toyota is to make a habit of regularly comparing rates from other companies.

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Your vehicle’s trim level tends to have a direct effect on the annual cost of coverage, so the rate you pay to insure a Camry LE trim level will be $322 cheaper than the cost to insure the more costly Camry Hybrid model, as shown below.

Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Premium costs do not factor in specific location which can decrease or increase coverage prices substantially.

Shopping around for cost effective car insurance is not the easiest thing to accomplish, and figuring out which company offers the cheapest car insurance rates for a Toyota Camry will take even more shopping around.

Each auto insurer has a proprietary formula for determining rates in each state, so let’s begin by examining the overall cheapest car insurance companies in Louisiana.

Best Car Insurance Prices for Your Camry

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USAA normally has some of the most affordable car insurance rates in Louisiana at around $1,642 per year. GEICO, MetLife, Progressive, and Safeway also rank well as some of the lowest-priced Louisiana auto insurance companies.

As illustrated above, if you currently buy coverage from GEICO and switched to USAA, you might realize a yearly savings of in the neighborhood of $245. Policyholders with MetLife could save as much as $268 a year, and Progressive customers might lower prices by $363 a year.

If you want to see how much you could save, click here to get quotes or click several companies below for low rates.

Understand that those policy prices are averages across all insureds and vehicles and do not take into consideration a specific rate factor for a Toyota Camry. So the auto insurance company that is best suited for you may not even be shown in the list of companies above. That emphasizes why you need to get rate quotes from many companies using your own individual information.

The illustration below illustrates how choosing a deductible can influence insurance rates when quoting cheap insurance for a Toyota Camry. The information is based on a single female driver, full physical damage 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’,’$1,000 Deductible’],[‘Age 20’, 4735,4323,3877,3457],[‘Age 30’, 3269,2973,2639,2321],[‘Age 40’, 3029,2759,2457,2171],[‘Age 50’, 2645,2411,2147,1897],[‘Age 60’, 2559,2333,2079,1839],[‘Age 70’, 2989,2727,2443,2175]]);var options = {title: ‘Deductibles and Toyota Camry Insurance Rates in Louisiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry’,minValue: 0,format: ‘$###,###’},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);}

The chart above illustrates that a 30-year-old driver could save $572 a year by increasing from a $100 deductible up to a $500 deductible, or save $858 by choosing a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could shave up to $1,278 each year by selecting a higher deductible.

When raising deductibles, it is important to have additional funds in a savings account to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Don’t make the mistake of not shopping around

Louisiana car insurance rates are based on many factors which can substantially change the price you pay. Simply improving your credit, buying another vehicle, or having an at-fault accident can cause premium changes resulting in some rates now being affordable when they were higher priced. Not only may your risk profile change, but companies change the rates they charge in Louisiana as often as every three months in order to protect their financial rating. Unexpectedly high claims can cause higher rates, while lower claims can result in cheaper Camry insurance rates.

As an example, the data below shows which company has the cheapest car insurance in Louisiana for a 30-year-old male driver with no prior claims, no tickets, and a good credit rating. When quoting prices based on his current risk profile, USAA might offer the lowest car insurance rates in Louisiana at $1,626 per year. This is $788 less than the average policy premium paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway round out the rest of the top five cheapest Louisiana auto insurance companies.

google.charts.setOnLoadCallback(drawLAWitcqcibChart);function drawLAWitcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘USAA’, 1626, ‘#77AF00’],[‘MetLife’, 1892, ‘#639100’],[‘Progressive’, 1946, ‘#527800’],[‘GEICO’, 1965, ‘#446400’],[‘Safeway’, 2220, ‘#385300’]]);var options = {title: ‘Best Cheap Car Insurance for a Toyota Camry’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:2320,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwitc’));chart.draw(view, options);}

Let’s now give the driver from the first set of rates an at-fault accident, a lower credit score, and a stop sign violation. Since each insurance company uses their own calculation for setting rates, analyzing rates may now show a completely different list of the cheapest car insurance companies in Louisiana as shown below.

google.charts.setOnLoadCallback(drawLAWcqcibChart);function drawLAWcqcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }],[‘Southern Farm Bureau’, 2498.1, ‘#FF7100’],[‘State Farm’, 2594.9, ‘#D45E00’],[‘Safe Auto’, 2832.5, ‘#B04E00’],[‘GEICO’, 2947.5, ‘#924100’],[‘MetLife’, 3027.2, ‘#793600’]]);var options = {title: ‘Best Rates with Accidents and Violations’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 300,’chartArea’:{left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:3127.2,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibwc’));chart.draw(view, options);}

Southern Farm Bureau now has the cheapest auto insurance in Louisiana with State Farm, Safe Auto, GEICO, and MetLife now rounding out the top five. This demonstrates why drivers need to shop around when trying to find the most affordable car insurance rates for a Toyota Camry.

Auto insurance prices are calculated by many different factors and can change substantially, so the cheapest option the last time you checked may now be one of the more expensive options.

How to find economical insurance for a Toyota Camry

It is possible to find better rates, and here are some of the recommended penny-pinching ideas that can help Louisiana drivers quote lower-cost car insurance.

• Increase your credit score
• Higher comprehensive and collision coverage deductibles will save money
• Buying car and homeowners insurance together can save money
• Just one traffic violation will increase your rates
• Claim-free drivers earn discounts
• Avoid preventable accidents
• Shop around once a year for cheaper rates

The last tip is extremely important, as was discussed in this article. Prices charged by auto insurers in Louisiana can change considerably in a year, so you should be ready to switch to a new company if you find a cheaper price. Brand loyalty is great, but it’s not a good idea if that loyalty ends up costing a lot of money every month. Take a few minutes and compare prices to find cheaper auto insurance for a Toyota Camry.

Who has the cheapest Toyota Camry insurance quotes?

Due to technology, there are many ways to compare car insurance quotes in Louisiana, but the most prevalent methods are using an independent insurance agent, an exlusive agent like Liberty Mutual or Allstate, or direct either online or via phone. Each way has the same basic steps, but each is slightly different in how they provide rate quotes.

Independent agents have contracts with many companies and can quote your policy with every one. These types of agents are able to compare multiple rates, which can help you get the best chance of finding a lower price. If they find a cheaper price, the business is moved internally which prevents you from having to switch agents.

A captive, or exclusive, agent is ‘exlusive’ to one insurance company such as Farmers Insurance or State Farm agents. These agents are unable to compare rates from other companies, so you need to shop around if the rates are high.

Buying car insurance direct means you forego an independent or exclusive agent and buy from a direct company like Geico or Esurance. Shopping for car insurance direct can be good for drivers who have fewer assets and know more than average about what coverages they need.

Which way works best to buy cheap insurance for a Toyota Camry in Louisiana? We’d like to say buying direct saves the most money since no commissions are paid to an agent, but in reality, that argument does not hold true. And we’d like to say using an independent agent guarantees the lowest rates because they can shop around, but again, it’s not a sure thing. And often times, exclusive agents have price quotes that other companies cannot beat.

Since car insurance rates vary so much, the best method to buy the cheapest policy is to compare lots of quotes. Smart shoppers will get rate quotes from independent agents, exclusive agents, and direct companies to give yourself plenty of rates to compare. We compiled a list of companies with some of the cheapest online rates that you can click here to view.