1994 Toyota Camry Car Insurance Cost

Searching for better insurance coverage rates for your Toyota Camry? Expensive insurance coverage can dwindle your savings account, especially in this economy. Shopping your coverage around is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.

There is such a variety of insurers to purchase coverage from, and though it is a good thing to have multiple companies, so many choices can make it hard to find the best rates for your vehicles.

It’s a good habit to compare prices at least once a year because rates are adjusted regularly by insurance companies. Just because you found the best rates on Camry coverage a couple years back there may be better deals available now. You can find a lot of wrong information about insurance coverage on the internet, so with this article, you’re going to get some excellent ideas to put money back in your pocket.

Take discounts and save

Companies don’t always list all available discounts in an easy-to-find place, so here is a list both well-publicized and also the lesser-known ways to save on insurance.

  • Military Rewards – Being on active duty in the military could mean lower rates.
  • Defensive Driver – Completing a course in driver safety could possibly earn you a 5% discount if you qualify.
  • Discount for Swiching Early – Some companies give discounts for switching to them prior to your current policy expiration. The savings is around 10%.
  • Paperless Signup – A few companies will discount your bill up to fifty bucks for buying a policy and signing up on their website.
  • 55 and Retired – If you’re over the age of 55, you may be able to get a discount up to 10% on Camry coverage.
  • Resident Student – Any of your kids living away from home attending college without a vehicle on campus may be able to be covered for less.
  • Accident Free – Claim-free drivers pay less compared to bad drivers.
  • Passive Restraints – Factory air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.
  • Anti-lock Brake System – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.

Drivers should understand that some credits don’t apply the the whole policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, companies wouldn’t make money that way.

To see a list of insurers who offer insurance discounts, follow this link.

The fastest way that we advise to compare insurance rates from multiple companies is to understand all the major auto insurance companies allow for online access to provide you with a free rate quote. All consumers are required to do is give them rating details like if your license is active, driver ages, the type of vehicles you drive, and daily mileage. Those rating factors is then sent to multiple companies and you receive quotes almost instantly.

Factors influencing Toyota Camry insurance rates

It’s important that you understand the rating factors that come into play when calculating insurance coverage rates. Having a good understanding of what influences your rates helps enable you to make changes that may reward you with lower insurance coverage prices.

  • No coverage gaps is important – Driving with no insurance is a misdemeanor and your next policy will cost more because you let your coverage lapse. And not only will insurance be more expensive, but not being able to provide proof of insurance might get you a revoked license or a big fine.
  • More than one policy can earn a discount – The majority of insurers will give a discount to people who buy several policies from them in the form of a multi-policy discount. Even though this discount sounds good, it’s still a good idea to shop around to make sure you are getting the best deal.
  • Your stress level may be raising your rates – Did you know your insurance coverage rates can be affected by your occupation? Occupations like judges, business owners and dentists are shown to have the highest average rates in part from job stress and long work hours. Other occupations such as farmers, historians and homemakers pay the least on Camry coverage.
  • Having a spouse can save you money – Getting married can actually save you money when buying insurance coverage. Marriage usually means you are more mature and responsible and statistics show married couples file fewer claims.
  • Where do you drive? – Driving more miles each year the higher your rate. Most insurance companies rate vehicles determined by how the vehicle is used. Vehicles used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Double check that your insurance coverage coverage shows the proper vehicle usage, because improper ratings can cost you money. If your policy improperly rates your Camry can result in significantly higher rates.

Which policy gives me the best coverage?

When it comes to buying proper insurance coverage, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might point out if you may require specific advice.

  • Does my liability insurance cover pulling a trailer or camper?
  • Should I have a commercial auto policy?
  • Is extra glass coverage worth it?
  • How can I force my company to pay a claim?
  • When would I need rental car insurance?
  • Do I need PIP coverage since I have good health insurance?
  • When do I need to add a new car to my policy?
  • What is covered by UM/UIM coverage?
  • Am I covered when driving in Canada or Mexico?
  • What is an SR-22 filing?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier

Is there truth in advertising?

Insurance providers like State Farm, Geico and Progressive consistently run ads on television and other media. They all say the same thing about savings if you change your policy. How can each company make the same claim? It’s all in the numbers.

All companies are able to cherry pick for the right customer they prefer to insure. For example, a preferred risk could possibly be between the ages of 30 and 50, is a homeowner, and drives newer vehicles. A driver who fits that profile receives the best rates and therefore will save a lot of money.

Consumers who don’t meet the requirements will have to pay a more expensive rate which leads to business not being written. The ad wording is “customers who switch” not “people who quote” save that kind of money. That is how insurance companies can make the claims of big savings. Because of the profiling, it is so important to quote coverage with many companies. It’s impossible to know the company that will have the lowest Toyota Camry insurance rates.

Insurance coverage considerations

Understanding the coverages of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages available from insurance companies.

Collision protection

Collision coverage covers damage to your Camry resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things like crashing into a building, damaging your car on a curb, hitting a mailbox and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Toyota Camry.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Medical expense coverage

Med pay and PIP coverage kick in for short-term medical expenses for EMT expenses, funeral costs, pain medications, rehabilitation expenses and prosthetic devices. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Comprehensive protection

This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, damage from a tornado or hurricane, hitting a deer, hail damage and theft. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability coverages

This coverage provides protection from damage or injury you incur to other’s property or people. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability can pay for claims like loss of income, structural damage, emergency aid and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Buy online or local, you save

Discount 1994 Toyota Camry insurance is definitely available on the web as well as from independent agents, and you should be comparing both in order to have the best chance of saving money. Some insurance companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

We just showed you many ideas to get a better price on insurance. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the best prices are with a smaller regional carrier. Smaller companies can often provide lower rates in certain areas than their larger competitors like State Farm, Geico and Nationwide.

Much more information about insurance can be found at these links: