Who Has Cheap Insurance for a Toyota Camry in Utah?

When discussing car insurance, the words “affordable” or “cheap” should never appear anywhere to describe car insurance prices. It’s a simple fact that cheap auto insurance for a Toyota Camry can seem impossible to find. But don’t let us ruin your dream, because we are going to tell you how you can find and buy insurance that won’t break the bank.

The chances of buying cheap coverage for a Toyota Camry in Utah depends on a lot of rating criteria like if you own your home, if you have ever had a gap in coverage, and any prior driving offenses. Drivers pay on average $630 per year to insure a Camry, but that figure is a valuation calculated using a 50-year-old single male that has full physical damage coverage and $1,000 deductibles.

If we were betting, you are not 50 and maybe not even a male, you might be married instead of single, or maybe your Utah zip code is rated higher than the example. Even a minor difference in the factors used to determine rates can cause big differences in the policy cost.

There is no “one size fits all” policy, so the most reliable way to find the cheapest insurance price for your Toyota is to make a habit of comparing rates at every renewal.

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The trim level of your Camry will most likely have an effect on the yearly cost, so the cost to insure a Camry LE trim level will be $108 less expensive the cost to insure the higher-priced Camry Hybrid model, as shown below.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Utah minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Rate quotes do not factor in specific location which can revise rates significantly.

Determining which company has the cheapest car insurance rates for a Toyota Camry takes a little more sweat in order to find the best policy. Every auto insurer has their own guidelines for determining rates in each state, so let’s examine the car insurance companies with the most affordable rates in Utah.

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Bear River may offer some of the cheapest car insurance rates in Utah at around $566 per year. USAA, Auto-Owners, American Family, and GEICO are also some of the more affordable Utah insurance companies.

As shown above, if you currently buy coverage from American Family and switched to USAA, you might achieve a yearly savings of approxmiately $195. Insureds with GEICO may save as much as $263 a year, and Allied policyholders might realize rate reductions of up to $278 a year.

Understand that those rates are averaged across all drivers and vehicles in Utah and and are not calculated with a specific rate factor for a Toyota Camry. So the auto insurance company that can offer you the lowest price may not even be featured in the above list. That emphasizes why you need to quote rates from as many companies as possible using your own individual information.

The information below illustrates how your choice of deductibles can raise or lower insurance rates when researching cheap insurance for a Toyota Camry. The prices are based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

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A 50-year-old driver could pocket $260 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $392 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old category, could drop their prices $870 or more by choosing a larger deductible amount. If you do make the decision to raise your deductibles, it’s a good idea to have additional funds in a savings account to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Rate increases following a ticket or accident

In a perfect world, the ideal way to obtain cheap insurance for a Toyota Camry in Utah is to be an attentive driver and avoid accidents and traffic citations. The illustration below illustrates how speeding tickets and accident claims can increase car insurance rates for different insured age categories. The premiums assume a married male driver, full coverage, $250 deductibles, and no policy 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 One Accident’],[‘Age 20’, 2649,2875,3515],[‘Age 30’, 1383,1605,2247],[‘Age 40’, 1329,1551,2195],[‘Age 50’, 1217,1441,2083],[‘Age 60’, 1195,1421,2061],[‘Age 70’, 1377,1601,2245]]);var options = {title: ‘Impact of Citations and Accidents on Utah 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 Utah’,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 previous chart, the average cost of auto insurance per year with no accidents or violations is $1,525. Factor in one speeding ticket and the average cost jumps to $1,749, an increase of $224 each year. Then throw in one accident along with the one speeding ticket and the yearly cost of car insurance for a Toyota Camry jumps again to an average of $2,391. That’s an increase of $866, or $72 per month, just for not keeping your driving record clean!

Ideas for buying more affordable auto insurance for a Toyota Camry

The list below shows a few money-saving suggestions that can help Utah drivers get cheap car insurance.

• Do not get into accidents
• Do not pay for comprehensive and collision coverage on older vehicles
• Save money by obeying traffic laws and keeping a clean driving record
• Higher physical damage deductibles lower rates
• Improve your credit rating
• The safer your car, the less it costs to insure
• Check for cheaper rates once a year

The final tip is incredibly important, as was affirmed in this article. Prices change constantly, so drivers shouldn’t be resistant to buy from a new company if you find a cheaper price.

Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if that stubbornness costs you lots of hard earned cash every month. If you have a few minutes, shop around to find cheaper insurance for a Toyota Camry.

Which auto insurance company is best?

When buying insurance for a Camry in Utah, four companies to consider are Allstate, State Farm, Geico, and Progressive. If you put them all together, they insure 48.5% of the entire U.S. market share. All four can cover your vehicle for liability and physical damage, but each one has different optional coverages and features that may affect your buying decision. The next table rates ratings for price, service, and claims, in additional to some of the optional coverages that are available for policyholders.