Compare 2014 Toyota Camry Car Insurance Rates

Have you fallen victim to an overpriced insurance coverage policy? Trust us, there are a lot of people just like you who feel imprisoned by their insurance coverage policy. You have multiple car insurance companies to purchase coverage from, and although it’s a good thing to have a selection, it makes it harder to find the lowest rates.

Are you getting all your discounts?

Companies offering auto insurance don’t list all available discounts in an easy-to-find place, so here is a list both well-publicized and also the lesser-known ways to save on insurance. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Passive Restraints – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts up to 30%.
  • Use Seat Belts – Using a seat belt and requiring all passengers to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
  • Discount for Good Grades – Getting good grades can earn a discount of 20% or more. The good student discount can last up until you turn 25.
  • Senior Discount – Mature drivers may qualify for better insurance rates on Camry insurance.
  • Safety Course Discount – Successfully completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • No Charge for an Accident – A few companies permit an accident before your rates go up so long as you haven’t had any claims for a certain period of time.
  • Student in College – Children living away from home attending college without a vehicle on campus can be insured at a reduced rate.

It’s important to note that some of the credits will not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like comp or med pay. Just because you may think you can get free auto insurance, companies wouldn’t make money that way.

For a list of providers with discount insurance rates, click this link.

Free Quotes for Car Insurance

All the larger car insurance companies like 21st Century, Allstate and State Farm provide insurance quotes directly from their websites. Getting online quotes is fairly straightforward as you just enter your coverage information into a form. After you complete the form, their system will order credit information and your driving record and returns pricing information determined by many factors. This makes comparing rates easy, but the process of having to visit different websites and fill out multiple forms gets old quite quickly. Unfortunately, it is important to compare as many rates as possible in order to find the lowest price.

The smarter way to compare rates makes use of a single form that gets prices from more than one company. The form is fast, requires less work, and makes online price comparison much more enjoyable. After your information is entered, it is rated and you can choose your choice of the pricing results. If you find a better price you can simply submit the application and buy the new coverage. The entire process takes less than 15 minutes and may result in a nice savings.

To fill out one form to compare multiple rates now, click here and fill out the form. If you have coverage now, it’s recommended you replicate the insurance coverages exactly as shown on your declarations page. This guarantees you will receive rate comparison quotes for exact coverage.

Parts of the Toyota Camry rate equation

It’s important that you understand the factors that go into determining your auto insurance rates. Knowing what influences your rates enables informed choices that could result in much lower annual insurance costs.

Listed below are some of the items auto insurance companies consider when setting premiums.

  • Drive a safer car and pay less – Vehicles with good safety scores get lower rates. The safest vehicles reduce injuries and better occupant protection 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 it is probably cheaper to insure.
  • Adjust deductibles and save – Deductibles for physical damage define the amount you are willing to pay out-of-pocket in the event of a claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, damage from fire, and rolling your vehicle. The more you are required to pay out-of-pocket, the less your company will charge you for insurance on Camry insurance.
  • You might want pay the small claims yourself – If you frequently file small claims, you can definitely plan on either higher rates or even cancellation. Companies give better rates to policyholders who do not file claims often. Car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Equipment add-ons that lower auto insurance rates – Owning a car that has an advanced theft prevention system can get you a discount on your auto insurance. Anti-theft features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
  • Proper usage rating affects rates – The higher the mileage driven in a year the more you will pay for auto insurance. The majority of insurers charge to insure your cars based on their usage. Vehicles used primarily for pleasure use can get a lower rate as compared to vehicles used primarily for driving to work. If your policy improperly rates your Camry may be costing you. Double check that your auto insurance declarations sheet shows the correct usage for each vehicle, because it can save money.
  • Liability coverage protects you – The liability section of your policy is the coverage that protects you in the event that you are found to be at fault for causing damage or personal injury in an accident. It provides legal defense coverage which can be incredibly expensive. Liability is cheap compared to insuring for physical damage coverage, so do not skimp.
  • Always keep insurance in force – Letting your insurance expire is a guaranteed way to bump up your auto insurance costs. And not only will insurance be more expensive, but being ticketed for driving with no insurance may earn you a license revocation or jail time.You may need to file a SR-22 with your state DMV.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there really is not a perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. For instance, these questions may help you determine if you might need an agent’s assistance.

  • Do I have coverage when pulling a U-Haul trailer?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Is a blown tire covered by insurance?
  • How high should my uninsured/underinsured coverage be in my state?
  • Who is covered by my policy?
  • How can I force my company to pay a claim?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.

Can you really save $417 a year?

Consumers can’t ignore all the ads for car insurance savings by 21st Century, Allstate and State Farm. All the companies say the same thing about savings if you switch to their company.

How can each company make almost identical claims? It’s all in the numbers.

All the different companies can use profiling for the driver they prefer to insure. For example, a driver they prefer might be between 25 and 40, insures multiple vehicles, and drives newer vehicles. Any driver that hits that “sweet spot” will get very good rates and therefore will save quite a bit of money when switching.

Consumers who don’t measure up to these standards must pay higher rates and this can result in business going elsewhere. The ads say “people who switch” not “everyone that quotes” save that much. That is how insurance companies can make those claims. This illustrates why drivers must get as many comparisons as possible. It’s just too difficult to predict which insurance companies will fit your personal profile best.

Auto insurance policy coverages for a Toyota Camry

Understanding the coverages of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by auto insurance companies.

Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as prosthetic devices, pain medications and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Uninsured/Underinsured Motorist coverage – This provides protection when other motorists 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 many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Liability coverage – Liability insurance protects you from damages or injuries you inflict on people or other property in an accident. It protects YOU from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

It consists of three 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 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.

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

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

Comprehensive coverage protects against claims such as damage from flooding, hitting a bird and hitting a deer. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision coverages – This will pay to fix damage to your Camry resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like damaging your car on a curb, driving through your garage door, sideswiping another vehicle and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

At the end of the day…

We just showed you a lot of tips how to lower your 2014 Toyota Camry insurance rates. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even discover the biggest savings come from a lesser-known regional company. Regional companies often have lower prices on specific markets as compared to the big name companies such as State Farm, GEICO and Nationwide.

When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. In many instances, drivers have reduced comprehensive coverage or liability limits and learned later that the savings was not a smart move. Your aim should be to get the best coverage possible at the best price while still protecting your assets.

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