View 2016 Toyota Camry Insurance Rates

Trying to find better auto insurance rates for your Toyota Camry? Buying lower-cost auto insurance on the internet can appear to be problematic for beginners to comparing rates and buying auto insurance on the internet. With dozens of companies competing online, how are we expected to have a chance to compare each option to find the cheapest rates?

It’s a good idea to check auto insurance prices before your policy renews because auto insurance prices are adjusted regularly by insurance companies. Just because you found the best price on Camry coverage last year other companies may now be cheaper. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the right way to reduce your cost while improving coverage.

The method we recommend to compare insurance rates from multiple companies is to take advantage of the fact most of the bigger providers will pay a fee to compare their rates. To get started, all you need to do is give them some information including how your vehicles are used, if you’re married, what your job is, and if you are currently licensed. The rating information gets sent immediately to insurance carriers in your area and they return rate quotes with very little delay.

Car insurance policy discounts

Some insurance providers don’t always advertise all disounts in a way that’s easy to find, so the list below gives a summary of both well-publicized and also the lesser-known credits that may apply to you.

  • Low Mileage Discounts – Maintaining low annual mileage may allow you to get better prices on cars that stay parked.
  • Pay Upfront and Save – By paying your entire bill at once instead of paying each month you can avoid the installment charge.
  • Student Discounts – Getting good grades can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
  • Multiple Vehicles – Having multiple cars or trucks on a single policy can get a discount for every vehicle.
  • Drivers Ed for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course in school or through a local driver safety program.
  • Multiple Policy Discount – When you combine your auto and home insurance and insure them both with the same insurance company you may earn over 10 percent off each policy depending on the company.
  • Multi-line Discount – If the company offers life insurance, you could get a lower premium rate if you buy auto and life insurance together.
  • Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts can save a little off PIP or medical payments premium.
  • Savings for New Vehicles – Buying a new car model is cheaper since new model year vehicles have better safety ratings.
  • Telematics Discount – Insureds who allow their company to spy on driving manner through the use of a telematics system like Allstate’s Drivewise could see a rate decrease if their driving habits are good.

One last thing about discounts, many deductions do not apply to the entire policy premium. A few only apply to individual premiums such as medical payments or collision. Despite the appearance that it’s possible to get free car insurance, companies wouldn’t make money that way.

A list of car insurance companies and the discounts they provide can be found below.

  • Geico offers premium reductions for good student, multi-policy, federal employee, daytime running lights, multi-vehicle, defensive driver, and driver training.
  • Travelers offers discounts for save driver, early quote, multi-car, multi-policy, and hybrid/electric vehicle.
  • Farm Bureau has savings for 55 and retired, driver training, youthful driver, safe driver, good student, renewal discount, and multi-policy.
  • Liberty Mutual offers discounts including new graduate, new move discount, teen driver discount, exclusive group savings, multi-car, hybrid vehicle, and new vehicle discount.
  • American Family includes discounts for early bird, multi-vehicle, defensive driver, good driver, and Steer into Savings.
  • Progressive may include discounts for multi-vehicle, online quote discount, homeowner, good student, multi-policy, and online signing.

When getting a coverage quote, ask all the companies how many discounts you can get. A few discounts might not be available to policyholders in your area. To choose car insurance companies with discount car insurance rates, click here to view.

Toyota Camry insurance price factors

Many things are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, but other criteria are more obscure such as your credit history or your commute time.

  • Do males or females drive better? – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. That doesn’t necessarily mean that females are better at driving than males. Women and men have auto accidents at a similar rate, but the male of the species get into accidents with more damage. Men also statistically have more aggressive citations like reckless driving and DUI. Males from age 16 to 21 are the most expensive to insure and thus pay the highest rates.
  • Poor credit can mean higher costs – A driver’s credit score will be a significant factor in your rate calculation. People that have high credit ratings tend to be more responsible and file fewer claims than drivers who have lower credit scores. If your credit score can use some improvement, you could save money insuring your 2016 Toyota Camry by improving your rating.
  • Prices increase with policy add-ons – Insurance companies have many add-on coverages that sound like a good idea at the time on your Camry policy. Things like replacement cost coverage, towing coverage, and term life insurance are probably not needed. You may think they are a good idea when discussing your needs, but your needs may have changed so consider taking them off your policy.
  • Lower miles driven equals lower premium – The more you drive your Toyota each year the more you’ll pay to insure your vehicle. A lot of insurance companies rate vehicles determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates than vehicles that are driven to work every day. An incorrectly rated Camry may be costing you. Ask your agent if your policy properly reflects annual mileage, because it can save money.

How do I know if I need professional advice?

When buying coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different.

Here are some questions about coverages that may help highlight if your situation could use an agent’s help.

  • How can I find cheaper teen driver insurance?
  • What is PIP insurance?
  • Do I need motorclub coverage?
  • How does medical payments coverage work?
  • Is my teen driver covered when they drive my company car?
  • When would I need rental car insurance?
  • Can I get a multi-policy discount?
  • Can I make deliveries for my home business?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Why you might not save $424 a year

Well-known car insurance companies like State Farm, Geico and Progressive consistently run ads on TV and radio. All the companies make the same claim that drivers can save some big amount if you get a free insurance coverage quote and switch your car insurance coverage to their company. How does every company lower your premium rates? Here is the trick they use.

Most companies quote their cheapest rates for the type of customer that earns them the highest profit. An example of a driver they prefer could possibly be a female over age 40, insures multiple vehicles, and drives a lower-performance vehicle. Any new insured who fits that profile will probably get the lowest rates and most likely will save a lot if they switch.

Potential insureds who fall outside these stringent criteria will probably have to pay a higher premium and this can result in the prospect going elsewhere. The trick companies use is to say “people that switch” but not “everyone who gets a quote” save that kind of money. That’s why companies can claim big savings.

Because of this risk profiling, it is so important to compare quotes as often as possible. It’s just not possible to know the company that will fit you best based on your risk profile.

Information about specific coverages

Understanding the coverages of your insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision can pay for claims like sideswiping another vehicle, sustaining damage from a pot hole, damaging your car on a curb, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so consider dropping it from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for bills for things like rehabilitation expenses, funeral costs and EMT expenses. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive or Other Than Collision – This will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as vandalism, fire damage and a broken windshield. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Liability auto insurance – This protects you from damage that occurs to a person or their property that is your fault. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against claims such as attorney fees, emergency aid and bail bonds. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Toyota Camry.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Save for a rainy day

The cheapest 2016 Toyota Camry insurance is available online as well as from independent agents, so you should compare both to get a complete price analysis. Some insurance coverage companies don’t offer the ability to get quotes online and usually these smaller providers only sell through independent insurance agencies.

Consumers switch companies for many reasons like lack of trust in their agent, questionable increases in premium, policy cancellation or not issuing a premium refund. Whatever your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

As you quote insurance coverage, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits and found out when filing a claim that it was a big error on their part. Your strategy should be to get the best coverage possible for the lowest cost, but do not sacrifice coverage to save money.

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