How Much Does 2007 Toyota Camry Insurance Cost?

Shoppers have options when shopping for low-cost Toyota Camry insurance. You can either spend your time driving around to compare prices or leverage the internet to find the lowest rates.

There is a better way to buy insurance coverage and we’ll show you the absolute fastest way to quote coverages for your Toyota and get the lowest possible price from local insurance agents and online providers.

Smart consumers take time to compare prices quite often due to the fact that insurance rates go up and down regularly. Just because you found the best rates on Camry insurance six months ago you can probably find a lower rate today. You can find a lot of misleading information regarding insurance coverage on the web, but by reading this article, you’re going to learn some guaranteed methods to reduce your insurance coverage bill.

Car Insurance Prices

All the larger car insurance companies like State Farm, GEICO and Progressive quote prices for coverage online. Getting quotes doesn’t take a lot of time as you simply type in the coverage amounts you desire as requested by the quote form. When the form is submitted, the company’s rating system will obtain your credit score and driving record and provides a quote based on these factors.

Quoting online simplifies rate comparisons, but the process of having to visit many different websites and type in the same information is not the best way to spend an afternoon. But it’s absolutely necessary to have as many quotes as possible if you want to find the lowest possible prices on car insurance.

The preferred way to find lower prices is to use a quote form that obtains quotes from a lot of companies. It’s a real time-saver, requires much less work on your part, and makes online quotes much simpler. As soon as you send your information, it gets priced with multiple companies and you can pick your choice of the quote results.

If the quotes result in lower rates, you can click and sign and buy the new coverage. It only takes a few minutes and may result in a nice savings.

If you want to compare rates now, click here to open in a new tab and enter your vehicle and coverage information. To compare your current rates, we recommend you duplicate your coverages exactly as they are listed on your policy. Using the same limits helps guarantee you are getting rate comparison quotes for the exact same coverage.

Do you qualify for a discount?

Insuring your vehicles can cost a lot, but discounts can save money and there are some available to help bring down the price. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be inquired about prior to getting the savings. If you’re not getting every credit available, you’re just leaving money on the table.

  • Federal Government Employee – Simply working for the federal government could cut as much as 10% off on Camry insurance with select insurance companies.
  • Discount for Life Insurance – Larger companies have lower rates if you buy auto and life insurance together.
  • Drive Less and Save – Keeping the miles down on your Toyota could be rewarded with lower rates on the low mileage vehicles.
  • Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save up to 15% off the personal injury premium cost.
  • Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts may earn rate discounts up to 30%.
  • Discount for Good Grades – A discount for being a good student can get you a discount of up to 25%. The discount lasts well after school through age 25.
  • Save over 55 – Mature drivers may be able to get a small decrease in premiums on Camry insurance.
  • Safety Course Discount – Taking part in a defensive driving course could save 5% or more if you qualify.
  • Resident Student – Youth drivers who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
  • Homeowners Discount – Simply owning a home can save you money because maintaining a house shows financial diligence.

Consumers should know that most discounts do not apply to your bottom line cost. Most cut individual premiums such as comp or med pay. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way. But all discounts will help reduce your overall premium however.

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

What coverages do I need?

When choosing the best auto insurance coverage for your personal vehicles, there really is no one size fits all plan. Everyone’s situation is a little different.

For example, these questions may help you determine if you would benefit from professional advice.

  • How much underlying liability do I need for an umbrella policy?
  • Am I covered when using my vehicle for business?
  • Am I covered if I crash into my own garage door?
  • Do I have coverage when using my vehicle for my home business?
  • What if I owe more than I can insure my car for?
  • How high should my uninsured/underinsured coverage be in my state?
  • Do I need PIP coverage since I have good health insurance?
  • When would I need rental car insurance?

If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, free and can help protect your family.

Toyota Camry premiums are determined by many factors

Smart consumers have a good feel for the different types of things that help determine your insurance coverage rates. Understanding what controls the rates you pay empowers consumers to make smart changes that may reward you with better insurance coverage rates.

The following are some of the factors used by your company to calculate rates.

  • Careful drivers pay lower rates – Just one ticket may increase your cost by twenty percent. Drivers with clean records tend to pay less for car insurance than people who have multiple driving citations. Drivers who have severe citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state DMV in order to drive a vehicle legally.
  • Males pay more for insurance – The statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Men and women are in accidents in similar percentages, but the men cause more damage. Men also statistically get cited for more serious violations like reckless driving and DUI. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.
  • Your credit rating is important – Credit score is a important factor in your rate calculation. If your credit is lower than you’d like, you could save money insuring your 2007 Toyota Camry by improving your rating. People with high credit scores tend to be more responsible than drivers with poor credit.
  • Claim-free discounts can add up – Insurance companies generally give lower rates to policyholders who do not file claims often. If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for larger claims.
  • Always keep insurance in force – Driving with no insurance is illegal and you will pay a penalty because you let your insurance expire. Not only will you pay more, getting caught without coverage can result in a hefty fine and possibly a revoked license.
  • Pay less if you’re married – Having a wife or husband can actually save you money when buying insurance coverage. It is viewed as being more mature and it’s proven that married drivers get in fewer accidents.

Beware of misleading car insurance ads

Drivers get pounded daily by advertisements for the lowest price auto insurance by companies like State Farm, GEICO and Progressive. They all have a common claim of big savings if you switch to them.

How can each company say the same thing?

Insurance companies have a certain “appetite” for the right customer that earns them a profit. A good example of a desirable insured might be profiled as over the age of 50, has no tickets, and has a high credit rating. A customer that hits that “sweet spot” will qualify for the lowest rates and most likely will save when they switch companies.

Drivers who are not a match for the “perfect” profile will have to pay higher prices and ends up with business going elsewhere. Company advertisements say “people who switch” not “people who quote” save that much money. That’s the way companies can state the savings.

Because of the profiling, it’s extremely important to compare as many rates as you can. It is impossible to predict which car insurance company will fit your personal profile best.

Coverages available on your policy

Learning about specific coverages of car insurance helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement.

Liability insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people that is your fault. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as medical services, medical expenses and legal defense fees. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for immediate expenses for things like hospital visits, X-ray expenses and doctor visits. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover 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

Collision protection

Collision insurance will pay to fix damage to your Camry from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like crashing into a ditch, crashing into a building, damaging your car on a curb, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also increase the deductible to save money on collision insurance.

Comprehensive coverage

This coverage covers damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like damage from getting keyed, a tree branch falling on your vehicle and hail damage. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Toyota Camry.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea. Usually these limits do not exceed the liability coverage limits.

In any little way, save everyday

We just presented many tips how you can get a better price on 2007 Toyota Camry insurance. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. You may even discover the lowest rates come from an unexpected company.

As you restructure your insurance plan, it’s a bad idea to buy poor coverage just to save money. There have been many situations where consumers will sacrifice physical damage coverage only to discover later they didn’t have enough coverage. The proper strategy is to find the BEST coverage at a price you can afford while still protecting your assets.

Cost effective insurance can be bought online and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.

More information can be read at the links below