2010 Toyota Camry Insurance Rates – 9 Ways to Save

Finding lower premiums on insurance can be challenging for consumers new to shopping for insurance online. Consumers have so many companies to choose from that it can be a big hassle to find lower rates.

It’s a good idea to compare prices every six months because rates go up and down regularly. Even if you got the lowest price on Camry coverage a year ago other companies may now be cheaper. Starting now, forget anything you know (or think you know) about insurance because I’m going to teach you the things you must know in order to remove unneeded coverages and save money.

Don’t miss these nine discounts

Car insurance companies don’t list every available discount very well, so here is a list both the well known as well as the least known ways to save on insurance coverage.

  • Service Members Pay Less – Being deployed with a military unit can result in better rates.
  • Accident Forgiveness – A few companies will allow you to have one accident before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Theft Prevention Discount – Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Save over 55 – Older drivers may receive a discount up to 10% on Camry coverage.
  • Student in College – Youth drivers living away from home attending college and don’t have a car can receive lower rates.
  • Life Insurance – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Good Student Discount – Getting good grades can save 20 to 25%. This discount can apply well after school through age 25.
  • Clubs and Organizations – Belonging to certain professional organizations could qualify you for a break when shopping for insurance coverage on Camry coverage.

A little note about advertised discounts, most credits do not apply the the whole policy. The majority will only reduce individual premiums such as medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, you’re out of luck.

Car insurance companies that possibly offer these discounts are:

Before buying, ask each insurance company what discounts are available to you. Savings might not be offered everywhere.

When might I need help?

When choosing adequate coverage, there really is not a single plan that fits everyone. Everyone’s situation is a little different.

Here are some questions about coverages that might point out whether your personal situation might need an agent’s assistance.

  • Does my insurance cover my expensive audio equipment?
  • Why am I required to get a high-risk car insurance policy?
  • Am I better off with higher deductibles on my 2010 Toyota Camry?
  • Do I pay less for low miles?
  • When would I need rental car insurance?
  • What is the ISO rating for a 2010 Toyota Camry?
  • Do I have coverage if my license is suspended?
  • Am I covered when delivering products for my home-based business?
  • Are rock chip repairs covered?

If it’s difficult to answer those questions but you know they apply to you, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form.

Beware of misleading insurance coverage ads

State Farm, Allstate and GEICO continually stream ads in print and on television. All the companies make the same claim of big savings after switching to them. But how can every company say the same thing?

All the different companies have a preferred profile for the right customer they prefer to insure. An example of a profitable customer might be profiled as between 25 and 40, has no prior claims, and chooses high deductibles. A customer that hits that “sweet spot” will get the preferred rates and most likely will save when switching.

Potential insureds who are not a match for the requirements will have to pay a more expensive rate and ends up with business not being written. The ads state “drivers who switch” but not “drivers who get quotes” save money. That’s why companies can state the savings. Because of the profiling, you need to compare as many rates as you can. Because you never know which company will provide you with the cheapest Toyota Camry insurance rates.

Parts of your auto insurance policy

Having a good grasp of your auto insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, damage from a tornado or hurricane, vandalism, hitting a deer and a broken windshield. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Liability auto insurance – Liability insurance protects you from damage or injury you incur to people or other property that is your fault. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage pays for claims like bail bonds, legal defense fees, medical expenses and attorney fees. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

UM/UIM Coverage – This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

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

Collision coverage pays for things such as driving through your garage door, colliding with a tree, rolling your car, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical costs insurance – Coverage for medical payments and/or PIP pay for short-term medical expenses for things like dental work, funeral costs, hospital visits, ambulance fees and prosthetic devices. They are used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

A tidy conclusion

When trying to cut insurance costs, it’s a bad idea to skimp on coverage in order to save money. In too many instances, an accident victim reduced collision coverage only to discover later they didn’t purchase enough coverage. Your focus should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

People who switch companies do it for a number of reasons such as delays in responding to claim requests, being labeled a high risk driver, questionable increases in premium or policy non-renewal. Regardless of your reason, finding a new company can be easy and end up saving you some money.

We covered many tips how you can compare 2010 Toyota Camry insurance prices online. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. Consumers may even find the lowest rates come from a company that doesn’t do a lot of advertising.

More detailed auto insurance information can be read in the articles below: