2001 Toyota Camry Insurance Quotes – 5 Tips to Save

Looking for the cheapest insurance coverage rates for your Toyota Camry? Price shopping your insurance coverage is always frustrating for drivers who are beginners to online insurance quotes. People have so many choices that it can easily turn into a difficult mission to locate the lowest prices.

It is always a good idea to check insurance coverage prices before your next renewal due to the fact that insurance rates fluctuate regularly. Even if you think you had the best rate for Camry coverage a few years ago there may be better deals available now. There is too much inaccurate information about insurance coverage out there, but by reading this article, you’re going to learn the best ways to find affordable insurance coverage.

Compare car insurance rates

All major car insurance companies allow consumers to get pricing directly from their websites. Comparing prices online doesn’t take a lot of time as you simply enter the amount of coverage you want into the form. Upon sending the form, the company’s rating system pulls your driving record and credit report and returns a price quote based on many factors.

This simplifies rate comparisons, but having to visit many different websites and type in the same information can get tiresome after awhile. But it is imperative to compare as many rates as possible if you want to find the best price possible.

There is a better way to compare rates

A more efficient way to get multiple rate quotes uses one form that gets prices from many companies. This type of form saves time, eliminates repetitive work, and makes quoting online much more enjoyable. Immediately after submitting the form, your coverage is rated and you can choose any one of the resulting price quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the new coverage. The whole process takes 15 minutes at the most and may result in a nice savings.

To compare rates using this form now, simply click here to open in new window and enter your vehicle and coverage information. If you have coverage now, it’s recommended that you enter just like they are on your policy. Using the same limits helps guarantee you will receive an apples-to-apples comparison for the exact same coverage.

Beware of misleading auto insurance ads

Auto insurance providers like Progressive, Allstate and Geico consistently run television and radio advertisements. All the companies tend to make the same promise that drivers can save some big amount if you change your policy. How is it plausible that every one can charge lower premium rates? Just pay attention to how they say it.

All companies offer their best rates for a prospective insured that will not have excessive claims. For instance, a profitable customer could possibly be married and over the age of 30, is a homeowner, and drives newer vehicles. A customer getting a price quote that fits those parameters will get very good prices and will most likely pay quite a bit less when switching companies.

Potential insureds who don’t meet this stringent profile will get a more expensive rate with the end result being the driver buying from a lower-cost company. The trick companies use is to say “drivers who switch” not “everyone who quotes” save that much when switching. This is how companies can truthfully lure you into getting a quote. This really emphasizes why it’s extremely important to do a rate comparison at every renewal. It is just not possible to predict the company that will be your best fit.

Verify you’re earning every discount

Not too many consumers would say auto insurance is affordable, but you might find some hidden discounts to cut the cost considerably. Some of these disounts will be visible when you quote, but a few need to be requested specifically before you get the savings. If you do not check that you are getting every discount available, you are paying more than you should be.

• Telematics Discount – Insureds that choose to allow data collection to monitor their driving habits by using a telematics device such as Snapshot from Progressive or Drivewise from Allstate could save a few bucks if they show good driving skills.
• Good Grades Discount – This discount may save as much as 25% on a car insurance quote. The discount lasts well after school through age 25.
• Theft Deterent Discount – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and can earn a small discount on your policy.
• Multiple Policy Discount – If you can combine your auto and homeowners policy and place coverage with the same company you may earn up to 20% off your total premium.
• Discounts for Seat Belt Usage – Requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, companies wouldn’t make money that way.

If you would like to view insurance companies that have a full spectrum of discounts, follow this link.

When should I discuss my situation with an agent?

When it comes to buying coverage for your personal vehicles, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

For example, these questions might point out whether your personal situation could use an agent’s help.

• Should I buy additional glass protection?
• Am I covered when using my vehicle for business?
• I don’t drive much so do I pay less?
• What is UM/UIM insurance?
• Am I covered if hit by an uninsured driver?
• When would I need rental car insurance?
• Do I need replacement cost coverage on my 2001 Toyota Camry?
• Does coverage extend to my business vehicle?
• Do I need added coverage for expensive stereo equipment?
• What is roadside assistance coverage?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form.

Coverage specifics

Understanding the coverages of insurance can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for bills for doctor visits, pain medications and dental work. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Coverage for liability

Liability insurance protects you from damages or injuries you inflict on other people or property. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which means a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers things such as legal defense fees, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive auto coverage

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as damage from flooding, vandalism, hitting a deer, fire damage and hitting a bird. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for collisions

Collision insurance pays for damage to your Camry resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like scraping a guard rail, colliding with a tree and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to bring the cost down.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Toyota Camry.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea.

Cheaper insurance is a realistic goal

When shopping online for auto insurance, do not skimp on coverage in order to save money. There have been many situations where an insured dropped full coverage only to regret that the small savings ended up costing them much more. The goal is to purchase a proper amount of coverage at the best possible price while still protecting your assets.

We just showed you quite a bit of information on how to reduce 2001 Toyota Camry insurance car insurance rates online. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may discover the best price on auto insurance is with some of the lesser-known companies.

Consumers switch companies for any number of reasons including delays in paying claims, extreme rates for teen drivers, denial of a claim and even policy cancellation. Regardless of your reason for switching companies, finding the right auto insurance provider is not as hard as you think.

Additional information can be found on the following sites:

• Young Drivers: The High Risk Years Video (iihs.org)
• How Much are Auto Insurance Rates for a Toyota Camry in Boston? (BostonAutoGuard.com)
• Choosing a Car for Your Teen (State Farm)
• Collision Coverage (Liberty Mutual)
• Speed and Speed Limit FAQ (iihs.org)
• State Car Insurance Guides (Geico)