2002 Toyota Camry Insurance Rates – 9 Tips for Cheapest Quotes

Trying to find cheaper auto insurance rates for your Toyota Camry? Car insurance shopping is not something drivers enjoy doing, but all states require it to legally drive.

How to Lower Your Insurance Coverage Cost

To find the best insurance coverage prices, there are several ways to get quotes from local insurance coverage companies. The simplest method to find competitive 2002 Toyota Camry insurance rates is to get quotes online. This can be done in just a few minutes using one of these methods.

The single most time-saving way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This type of form eliminates the need for separate quotation requests for every insurance coverage company. One quote request gets rate comparisons instantly. This is by far the quickest method.

A more time consuming way to compare rate quotes requires a trip to the website for every company you want to comare and complete a new quote form. For sake of this example, we’ll pretend you want rates from Farmers, Progressive and Allstate. To get each rate you have to visit each site and enter your policy data, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.

Which method you use is up to you, but ensure you are comparing exactly the same coverage limits and deductibles for each price quote. If you are comparing differing limits it will be very difficult to determine which rate is truly the best. Having just a slight variation in coverages may cause a big price difference. And when comparison shopping, comparing a large number of companies will enable you to find a better price.

Is there deception in advertising?

Car insurance companies such as 21st Century, Allstate and State Farm constantly bombard you with ads on television and other media. They all seem to make an identical promise that you’ll save big if you switch your coverage to them. How can each company claim to save you money? This is how they do it.

All the different companies have a certain “appetite” for the type of driver they prefer to insure. For example, a desirable insured might be between 25 and 40, a clean driving record, and drives newer vehicles. A propective insured who meets those qualifications will qualify for the lowest rates and as a result will probably save when they switch companies.

Potential customers who are not a match for the “perfect” profile must pay higher premiums which leads to the customer not buying. The ads state “customers who switch” not “everybody who quotes” save that much money. This is how insurance companies can confidently advertise the way they do.

This illustrates why you absolutely need to get as many comparisons as possible. It’s not possible to predict which car insurance company will have the lowest Toyota Camry insurance rates.

Discounts can save BIG

Insuring your vehicles can cost a lot, but companies offer discounts that you may not even be aware of. A few discounts will automatically apply at the time you complete a quote, but less common discounts must be inquired about before being credited.

  • Multiple Vehicles – Buying coverage for multiple vehicles with the same company could earn a price break for each car.
  • Distant Student – Any of your kids who live away from home and do not have a car may be able to be covered for less.
  • Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
  • Multi-policy Discount – When you have multiple policies with one company you will save approximately 10% to 15%.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Lower Rates for Military – Being on active duty in the military may qualify for rate reductions.
  • Low Mileage Discounts – Driving fewer miles could be rewarded with better rates on cars that stay parked.
  • Save over 55 – Older drivers may qualify for better insurance rates for Camry coverage.

It’s important to note that some of the credits will not apply to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, insurance companies aren’t that generous. But any discount will bring down the cost of coverage.

To see a list of companies who offer insurance discounts, click this link.

Will just any policy work for me?

When buying the best auto insurance coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s.

These are some specific questions may help you determine if your insurance needs might need an agent’s assistance.

  • Do I have coverage for damage caused while driving under the influence?
  • When would I need rental car insurance?
  • Is my babysitter covered when using my vehicle?
  • How much liability do I need to cover my assets?
  • What is an SR-22 filing?
  • Should I buy full coverage?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage information

Having a good grasp of your policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like surgery, prosthetic devices, doctor visits, X-ray expenses and EMT expenses. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive coverages

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like a broken windshield, vandalism and theft. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Toyota Camry.

Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time these limits are set the same as your liablity limits.

Liability auto insurance

This coverage protects you from damage or injury you incur to other’s property or people. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability insurance covers claims like repair bills for other people’s vehicles, legal defense fees and medical services. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Collision coverage protection

Collision insurance pays for damage to your Camry resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like damaging your car on a curb, crashing into a ditch and rolling your car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Better coverage you can count on

When shopping online for insurance, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced collision coverage only to regret at claim time they didn’t purchase enough coverage. Your strategy should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

Cheaper 2002 Toyota Camry insurance is possible both online and with local insurance agents, and you should be comparing both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.

People change insurance companies for a number of reasons such as an unsatisfactory settlement offer, high rates after DUI convictions, extreme rates for teen drivers or even delays in responding to claim requests. No matter why you want to switch, switching insurance companies is less work than it seems.

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