Who Has the Cheapest Insurance for a Toyota Camry in California?

Whenever people write about auto insurance, the word affordable really shouldn’t be used as a descriptor for car insurance rates. Forgive the oxymoron, but cheap auto insurance for a Toyota Camry is not always easy to find. Don’t let that spoil your day, because there may be ways you can still get car insurance that fits into your budget.

Your chances of finding the cheapest coverage for a Toyota Camry in California is dependent upon a calculation that uses factors like whether you are a new or experienced driver, if you have ever had a gap in coverage, and any past driving violations you may have had. California drivers on average will pay $1,480 a year to buy Toyota Camry insurance, but that rate is that uses a 40-year-old single male driver that purchased full coverage including both comprehensive and collision and $250 deductibles.

Chances are that you are not a 40-year-old male, maybe you are married instead of single, or maybe you have a speeding ticket that needs to be factored in. What seems to be a minor change in policy rating factors can result in a large change in rates.

Every driver has a different risk profile, so your best shot at finding the cheapest rates for your Toyota is to get into the habit of shopping around regularly. Quotes only take a few minutes and you will receive rate quotes from the best companies that insure vehicles in California.

Save Now on Camry Insurance

The specific model of Camry will most likely have an effect on the coverage cost, so the rate you will pay to insure a Camry LE trim level will cost $256 less than the price to insure the higher-end Camry Hybrid trim level, as shown in the prices below.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in California location which can increase or decrease coverage rates noticeably.

California auto insurance company ratings

Insuring your vehicle with the best insurer can be rather challenging considering how many companies there are to choose from in California. The information listed below may help you select which coverage providers you want to consider when comparing rate quotes.

These rankings are only made up of companies with a nationwide focus, so smaller companies that only insure vehicles in California will not be included in this list. To compare price quotes and find the cheapest rates for a Toyota Camry, click here.

Top 10 Major Auto Insurers in California Ranked by Customer Satisfaction

1. Titan Insurance – 95%
2. USAA – 94%
3. AAA of Southern California – 92%
4. AAA Insurance – 91%
5. Nationwide – 90%
6. State Farm – 90%
7. The Hartford – 89%
8. GEICO – 89%
9. The General – 88%
10. 21st Century – 88%

Top 10 Major Auto Insurers in California Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. AAA of Southern California
5. Titan Insurance
6. The General
7. AAA Insurance
8. State Farm
9. Mercury Insurance
10. Nationwide

Top Companies for Toyota Camry Insurance in California

Discounts on California insurance

Insurance providers that offer the cheapest insurance for a Toyota Camry in California may additionally offer discounts that can reduce rates by 25% or more if you are eligible to receive them. Popular auto insurance companies and their possible discounts include:

• AAA offers discounts for multi-car, good driver, anti-theft, good student, AAA membership discount, and multi-policy.
• Progressive may include discounts for multi-policy, homeowner, good student, online signing, online quote discount, multi-vehicle, and continuous coverage.
• State Farm has discounts for accident-free, passive restraint, Steer Clear safe driver discount, safe vehicle, and good student.
• Esurance may have discounts that include Switch & Save, good driver, multi-policy, claim free, online quote, good student, and safety device.
• Nationwide has savings for Farm Bureau membership, easy pay, good student, multi-policy, business or organization, family plan, and accident-free.

The information below compares premium costs with and without discounts. Data assumes a female driver, a clean driving record, no at-fault accidents, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, claim-free, anti-theft, multiple policy, homeowner, and passive restraint discounts applied. In this example, the the average yearly reduction on auto insurance for a Toyota Camry is 28% or $692.

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Comparison of full coverage and liability-only policies

Finding the cheapest insurance for a Toyota Camry in California is important to most drivers, and an effective way to pay less for insurance is to buy liability only. The information below shows the comparison of premium costs with and without physical damage coverage. The information is based on no claims, a clean driving record, $1,000 deductibles, single status, and no discounts are taken into consideration.

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Averaged for all ages 20 through 70, comp and collision coverage costs an extra $2,308 per year more than just insuring for liability. That is a large expense which might make you wonder if it’s a good idea to buy full coverage. There is no exact rule of when to drop physical damage insurance, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your vehicle’s replacement value is $5,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $4,500 after the deductible is paid. If premiums are more than $450 a year for your policy with full coverage, then it may be the right time to buy liability only.

How to find the cheapest insurance for a Toyota Camry in California

Lowering your rates is not difficult, and here are many money-saving suggestions that can help drivers get the cheapest car insurance.

• Save money by insuring older vehicles for liability only
• Buy a car with high safety ratings
• Higher deductibles mean lower rates
• Higher credit scores can equal lower rates
• Staying accident-free helps keep rates low
• Drive safely
• Compare price quotes at least once a year

That last tip is certainly significant, as we hit on in the prior information. Car insurance prices can change considerably based on profitability, so don’t be tentative to change to a new company if you can find a cheaper rate. Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that loyalty results in overpaying hundreds of dollars year after year. Now is a great time to compare rates to find cheaper car insurance for a Toyota Camry.