Compare 2015 Toyota Camry Insurance Rates

I can’t think of anyone who looks forward to paying for auto insurance, particularly when the price is too high.

Online insurance companies like State Farm, Progressive and Geico increase brand awareness with catchy ads and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.

Consumers need to compare prices periodically because insurance rates are usually higher with each renewal. Just because you had the best price for Camry insurance on your last policy you can probably find a better price now. Don’t believe everything you read about auto insurance on the web, but we’re going to give you some great ways to save money.

If you have car insurance now, you will be able to save some money using these methods. Finding affordable coverage is easy if you know what you’re doing. But vehicle owners can benefit by having an understanding of how the larger insurance companies sell insurance online and apply this information to your search.

The quickest method to compare rates is to understand almost all companies provide online access to give free rates quotes. To begin a comparison, all you need to do is give the companies some data like if a SR-22 is required, if the car is leased, whether you are single or married, and your general credit rating. Your details is automatically sent to insurance companies and you will get price comparisons within a short period of time.

To compare rates now, click here and enter the information requested.

Factors that can influence insurance rates for a Toyota Camry

It’s important that you understand the factors that play a part in calculating the price you pay for insurance coverage. Having a good understanding of what controls the rates you pay enables informed choices that can help you get lower insurance coverage prices.

Shown below are a partial list of the pieces insurance coverage companies consider when setting your rates.

  • Men pay higher rates – The statistics show that men are more aggressive behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Both sexes are in accidents in similar numbers, but men tend to have more serious accidents. Men also have more aggressive citations like DUI and reckless driving.
  • How your age affects price – Teen drivers have a tendency to be careless and easily distracted behind the wheel so insurance coverage rates are higher. If you’ve ever had to add a youthful driver to your insurance coverage policy can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel.
  • Your spouse saves you money – Getting married actually saves money on your policy. It usually means you are more responsible it has been statistically shown that married drivers get in fewer accidents.
  • Higher deductibles cost less – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your Toyota from damage. Some examples of claims that would be covered are a windshield shattered by a rock, collision with an animal, and burglary. Your deductibles are the amount of money you are required to spend in the event of a claim. The more expense the insured has to pay upfront, the bigger discount you will receive for Camry insurance.
  • Never go without insurance – Not having 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 will get you a license revocation or jail time.Then you may be required to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Poor driving leads to higher costs – Drivers with clean records have lower premiums compared to drivers with tickets. Even a single moving violation may increase your cost by as much as thirty percent. Drivers who have flagrant citations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.
  • Frequent insurance coverage claims increase rates – If you file claims often, you can look forward to either policy cancellation or increased premiums. Insurance companies provide discounts to people who file claims infrequently. Your insurance policy is meant to be used in the event of larger claims.
  • Liability coverage is cheap – The liability section of your policy provides coverage if ever a jury decides you are liable for personal injury or accident damage. It will provide legal defense which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.

Lots of discounts mean lots of savings

Insuring your vehicles can cost a lot, buy you may qualify for discounts to help bring down the price. Certain discounts will be applied at the time of purchase, but lesser-known reductions have to be requested specifically before being credited.

  • Senior Discount – Mature drivers can possibly qualify for reduced rates for Camry insurance.
  • Homeowners Discount – Simply owning a home can help you save on insurance because of the fact that having a home shows financial diligence.
  • New Car Discount – Insuring a new car is cheaper since new cars are generally safer.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same insurance policy could earn a price break for each car.
  • Passive Restraint Discount – Factory air bags can qualify for discounts of 20% or more.
  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates for Camry insurance than less cautious drivers.
  • Drive Less and Save – Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
  • No Charge for an Accident – Some insurance companies allow you one accident without raising rates if your claims history is clear prior to the accident.
  • Government Employees – Active or retired federal employment could cut as much as 10% off for Camry insurance with select insurance companies.
  • Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.

It’s important to note that many deductions do not apply to your bottom line cost. Most cut individual premiums such as collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will bring down the amount you have to pay.

To see a list of insurers offering insurance discounts, click here to view.

Situations that might require an agent

When it comes to buying coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. For example, these questions might point out if your insurance needs might need an agent’s assistance.

  • What companies insure drivers after a DUI or DWI?
  • Does having multiple vehicles earn me a discount?
  • What can I do if my company won’t pay a claim?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered if hit by an uninsured driver?
  • Does my personal policy cover me when driving out-of-state?
  • What exactly is covered by my policy?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Car insurance 101

Having a good grasp of your policy helps when choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types offered by insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as damage from flooding, hitting a deer, fire damage and rock chips in glass. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Auto liability insurance

Liability insurance can cover damage or injury you incur to a person or their property. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like repair costs for stationary objects, bail bonds, legal defense fees, medical services and funeral expenses. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as colliding with another moving vehicle, sideswiping another vehicle, backing into a parked car and colliding with a tree. Collision coverage makes up a good portion of your premium, 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.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for rehabilitation expenses, EMT expenses, dental work, doctor visits and ambulance fees. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Toyota Camry.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Have money to burn

We just covered a lot of information how to shop for 2015 Toyota Camry insurance online. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from a smaller regional carrier. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Progressive or Geico.

While you’re price shopping online, never reduce needed coverages to save money. In many instances, drivers have reduced liability limits or collision coverage and found out when filing a claim they didn’t have enough coverage. The ultimate goal is to purchase plenty of coverage at a price you can afford.

Additional insurance information can be read on the following sites: