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

Your chances of finding affordable insurance for a Toyota Camry in Massachusetts is dependent upon a complex equation that considers factors such as whether you are single or married, where you live, and deductible levels for physical damage coverage. Massachusetts drivers pay on average $670 each year for Camry insurance, but that rate is a valuation that uses a 50-year-old married male driver that includes full coverage including both comprehensive and collision and $1,000 physical damage deductibles.

There is a very good chance that you may not be 50 years old (or even male), you might be single instead of married, and maybe you have sub-par credit that needs to be factored in. Even a slight difference in rating factors can make a large difference in the cost of insuring your Camry.

Not everyone needs the same coverages, so the most reliable way to find the cheapest rates for your Toyota is to compare as many rates as possible. In just a few minutes you will receive prices from the best auto insurance companies that offer coverage in Massachusetts.

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Vehicle trim level will influence the cost of coverage, so the price to insure a Camry LE model will be $116 less than the price to insure the high end Camry Hybrid version, as shown in the chart below.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rate quotes do not factor in Massachusetts location which can impact coverage prices considerably.

Deciphering which companies offer the most affordable auto insurance rates for a Toyota Camry will take a little more effort in order to find the best price.

Each auto insurer uses their own method for establishing rates, so let’s look at the rankings for the most competitive auto insurance companies in Massachusetts. It’s important to know that Massachusetts auto insurance rates are influenced by many factors which can substantially decrease or increase the cost of having a policy. Simply turning a year older, increasing liability limits, or having an accident can trigger changes in premium that may make certain companies more affordable than others.

Best Car Insurance Prices for Your Camry

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State Farm generally has some of the best car insurance rates in Massachusetts at around $733 per year. National Grange Mutual, GEICO, OneBeacon, and Commerce Group also qualify as some of the lowest-priced Massachusetts auto insurance companies.

As depicted above, if you buy coverage from OneBeacon and switched to National Grange Mutual, you might realize annual savings of upwards of $62. Insureds with Commerce Group may save as much as $79 a year, and Arbella policyholders might lower prices by up to $187 a year.

To find cheap insurance for a Toyota Camry in Massachusetts for your vehicle, click here to begin a quote or visit any of the low-priced companies below.

It’s important to note that these policy rates are averages for all drivers and vehicles and are not factoring in a specific rate factor for a Toyota Camry. So the company that fits your needs best may not even be featured in the list above. That point stresses why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.

Cost of full coverage in Massachusetts

Finding cheap insurance for a Toyota Camry in Massachusetts should be important to most drivers, and one of the easiest ways to lower the cost of insurance is to only buy liability coverage. The chart below shows the difference between yearly insurance costs with liability coverage only compared to full coverage. The premiums are based on no violations or accidents, $100 deductibles, marital status is single, and no discounts are applied.

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As an overall average, full coverage costs $2,612 per year over having just liability coverage. At some point, every insured wonders if buying full coverage is a waste of money. There is no definitive rule for dropping full coverage on your policy, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

There are a few situations where eliminating full coverage is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

The example below highlights how deductible selection can influence yearly insurance costs when quoting cheap insurance for a Toyota Camry. The information is based on a married male driver, full physical damage coverage, and no discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3637,3301,2929,2581],[‘Age 30’, 1897,1719,1519,1327],[‘Age 40’, 1813,1651,1467,1289],[‘Age 50’, 1661,1513,1345,1187],[‘Age 60’, 1633,1485,1321,1165],[‘Age 70’, 1871,1713,1535,1369]]);var options = {title: ‘Deductibles and Toyota Camry Insurance Rates in Massachusetts’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Insurance Cost for a Toyota Camry’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 40-year-old driver could cut expenses by $316 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $474 by using a $1,000 deductible. Young drivers, such as the Age 20 example, could reduce their rates $1,056 annually by choosing a larger deductible amount. When increasing deductibles, it is essential to have enough spare savings to allow you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Which major car insurance company is best?

If you want the best insurance for a Camry in Massachusetts, the companies that insure more vehicles than anyone else are State Farm, Allstate, Progressive, and Geico. When added together, they make up 48.5% of all car insurance policies written. Each company has unique options and discounts that shoppers can choose from. The following table compares and contrasts ratings and policy coverage options you can expect with each one.