How Much Does 2006 Toyota Camry Insurance Cost?

Searching for cheaper auto insurance rates for your Toyota Camry? I can’t think of a single person who likes having to buy auto insurance, particularly when the cost is way too high. Insurance companies such as GEICO and Progressive persitently shower you with fancy advertisements and consumers find it hard to see past the geckos and flying pigs and do the work needed to find the best deal.

Why your Toyota Camry might be costing you more

Smart consumers have a good feel for the rating factors that come into play when calculating your insurance coverage rates. Having a good understanding of what controls the rates you pay enables informed choices that could result in better insurance coverage rates.

  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. Safer cars have better occupant injury protection and lower injury rates means lower claim amounts and thus lower rates. If your Toyota Camry scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Always keep insurance in force – Driving without insurance can get your license suspended and you will pay a penalty because you let your insurance lapse. Not only will rates go up, but not being able to provide proof of insurance may earn you a steep fine or even jail time.Then you may be required to prove you have insurance by filing a SR-22 with your state motor vehicle department.
  • Men fork out a little more – Statistics demonstrate that women are safer drivers than men. Now that doesn’t mean men are WORSE drivers than women. Men and women tend to get into accidents in similar numbers, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like DUI and reckless driving.
  • Where you live can impact rates – Being located in a small town has it’s advantages when talking about insurance coverage. Drivers in populated areas regularly have congested traffic and longer commutes to work. Less people living in that area translates into fewer accidents and also fewer theft and vandalism claims.
  • Rates may be lower depending on your job – Occupations such as real estate brokers, architects and dentists are shown to have the highest average rates attributed to job stress and long work days. Other jobs such as scientists, historians and retirees pay the least on Camry coverage.

Insurance Coverage Prices Online

Getting a lower price on 2006 Toyota Camry insurance is a fairly straight forward process. Just take the time getting comparison quotes provided by online insurance companies. This is very easy and can be done in several different ways.

The recommended way to compare a lot of rates at once is an all-inclusive rate comparison click to view form in new window. This type of form saves time by eliminating separate quote forms to each individual insurance coverage company. A single form will return quotes from multiple low-cost companies.

Another way to shop for insurance coverage online requires you to visit the website of each company to complete their respective quote request forms. For sake of this example, we’ll assume you want to compare Allstate, Esurance and Farmers. To find out each rate you need to spend time on each company’s site to input your insurance information, and that’s why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

The most time-consuming method to compare rates is to spend time driving to and from local insurance agencies. Shopping for insurance coverage online makes this process obsolete unless you have a need for the personal advice of a licensed agent. However, consumers can price shop your coverage online and still use a local agent and we’ll touch on that later.

Whichever method you choose, make absolute certain that you use exactly the same information on every quote you get. If you use higher or lower deductibles it will be very difficult to find the best deal for your Toyota Camry.

Discounts to lower 2006 Toyota Camry insurance rates

Companies offering auto insurance do not advertise every discount in an easy-to-find place, so we took the time to find both the well known as well as the least known discounts you could be receiving. If they aren’t giving you every credit possible, you are throwing money away.

  • Multiple Policy Discount – If you insure your home and vehicles with the same company you could get a discount of at least 10% off all policies.
  • Passive Restraints and Air Bags – Cars that have air bags or motorized seat belts can get savings of more than 20%.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% on Camry coverage depending on your company.
  • Resident Student – Kids in college living away from home attending college and don’t have a car can receive lower rates.

Drivers should understand that many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like comp or med pay. So when it seems like you can get free auto insurance, companies wouldn’t make money that way.

For a list of insurance companies offering insurance discounts, click this link.

Tailor your coverage to you

When choosing the right insurance coverage, there really is not a one size fits all plan. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that can help discover if you may require specific advice.

  • When should I buy a commercial auto policy?
  • Does my policy cover me when driving someone else’s vehicle?
  • Who is covered when they drive my 2006 Toyota Camry?
  • Are there companies who specialize in insuring high-risk drivers?
  • Does my policy pay for OEM or aftermarket parts?
  • Am I covered when driving a rental car?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Car insurance coverages and their meanings

Learning about specific coverages of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. These are the usual coverages offered by car insurance companies.

Collision protection

Collision insurance will pay to fix damage to your Camry resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims such as scraping a guard rail, backing into a parked car and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

Auto liability insurance

This protects you from damages or injuries you inflict on other people or property in an accident. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability insurance covers things such as legal defense fees, court costs and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive coverage (or Other than Collision)

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hail damage, vandalism, falling objects, a broken windshield and fire damage. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and 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. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Insurance for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses for doctor visits, prosthetic devices and nursing services. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay

Shop around and save

Budget-conscious 2006 Toyota Camry insurance can be found online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who don’t offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

You just read a lot of ways to lower your insurance rates. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may be surprised to find that the best prices are with a company that doesn’t do a lot of advertising. Regional companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

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