2008 Toyota Camry Car Insurance Rates – 10 Tips to Save

I doubt anyone likes buying insurance, especially when they are paying too much.

Companies like Progressive, Geico and Farmers Insurance constantly blast consumers with ad campaigns and it can be hard to not get sucked in by the cute commercials and do the work needed to find the best deal.

It is always a good idea to compare rates occasionally because insurance prices go up and down regularly. Even if you got the lowest quotes for Camry insurance on your last policy there may be better deals available now. Ignore everything you know about insurance because we’re going to demonstrate how to quote online to buy cheaper insurance.

If you are paying for car insurance now, you will most likely be able to cut costs considerably using these tips. Buying car insurance is easy if you know what you’re doing. Although vehicle owners must know how companies determine prices and take advantage of how the system works.

Cheapest insurance coverage price quotes

When looking for cheaper insurance quotes, there are a couple ways of comparing rate quotes from many insurance coverage companies in your state. The best method to find affordable Toyota Camry insurance rates consists of shopping online. This is very easy and can be done by using one of the methods below.

1. The fastest way consumers can make multiple comparisons would be an industry-wide quote request form (click to open form in new window). This type of form prevents you from having to do boring form submissions for each company. A single form will get you price quotes from several companies.
2. A less efficient way to find lower rates is spending the time to visit each company’s website and repeat the quote process again and again. For examples sake, we’ll assume you want comparison quotes from Farmers, Liberty Mutual and Progressive. You would be required to go to each individual site to input your insurance information, which is why the first method is quicker. For a list of links to insurance companies in your area, click here.
3. The least efficient way of comparing rate quotes is to spend your day driving to all the different insurance agencies. Quoting and buying insurance online has reduced the need for local agents unless you want the peace of mind that only a licensed agent can provide. Although you can price shop online but have a local agent actually write the policy.

It’s your choice how you get your quotes, but make darn sure you compare exactly the same coverages and limits with every price quote. If you use different values for each quote then you won’t be able to get a fair rate comparison. Slightly different limits can mean a large discrepancy in price. And when price shopping your coverage, comparing a wide range of rates will enable you to find better pricing. Not every company does online quotes, so it’s recommended that you also compare quotes from them as well.

Can you really save that much by switching?

Insurance companies such as State Farm and Allstate continually stream ads on TV and radio. They all seem to make an identical promise of big savings if you get a free insurance quote and switch your policy. That’s great but how can every company say the same thing? It’s all in the numbers.

Companies are able to cherry pick for the driver that is profitable for them. One example of a preferred risk might be described as married and over the age of 30, has a clear driving record, and drives a vehicle with a low ISO rating. A customer getting a price quote that fits those parameters will get low rates and therefore will cut their rates substantially.

People who do not match these criteria will see a more expensive rate with the end result being business not being written. The ads say “people that switch” not “all people who quote” save the amount stated. That’s the way companies can state the savings.

This really emphasizes why you really should quote coverage with many companies. It’s just too difficult to predict which insurance companies will provide the lowest car insurance rates.

Use discounts to get cheaper car insurance rates

Some providers don’t necessarily list all disounts very well, so the next list breaks down a few of the more well known as well as some of the hidden savings tricks you should be using when you buy insurance online.

• Federal Employees – Federal government employees may qualify for a discount when you quote insurance for Camry insurance with certain companies.
• Defensive Driving Course – Taking time to complete a course in driver safety is a good idea and can lower rates and also improve your driving technique.
• Fewer Miles Equal More Savings – Driving less could earn better car insurancerates on cars that stay parked.
• Organization Discounts – Participating in certain professional organizations is a good way to get lower rates when shopping for car insurance.
• Senior Citizen Discount – Drivers that qualify as senior citizens can get reduced rates for Camry insurance.
• Multi-line Discount – Not all car insurance companies offer life insurance, but some may give you a discounted rate on car insurance if you buy life insurance.
• Home Ownership Discount – Just owning your own home can save you money since home ownership is proof of financial responsibility.
• First Accident Forgiveness – This isn’t a discount exactly, but companies like Allstate and Geico will forgive one accident before your rates go up if your claims history is clear before the accident.
• Bundle and Save – If you have multiple policies with one insurance company you could earn a discount of at least 10% off all policies.
• Driver Education Discount – It’s a good idea to have your young drivers sucessfully take a drivers education course in high school.

Discounts save money, but please remember that most of the big mark downs will not be given to all coverage premiums. Most cut the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like all those discounts means the company will pay you, insurance companies wouldn’t stay in business. Any qualifying discounts will help reduce your car insurance premiums.

To find providers that have a full spectrum of discounts, follow this link.

Tailor your auto insurance coverage to you

When it comes to choosing proper insurance coverage, there really is not a best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that can help discover if your situation might need an agent’s assistance.

• Will I lose any money if I cancel my policy before it expires?
• Why am I required to get a high-risk car insurance policy?
• Can I afford to pay high deductible claims out of pocket?
• Should I put collision coverage on all my vehicles?
• How much liability do I need to cover my assets?
• Do I pay less for low miles?
• How much liability coverage do I need in my state?

If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Insurance coverages 101

Knowing the specifics of your insurance policy can be of help when determining which coverages you need for your vehicles. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are typical coverage types found on the average insurance policy.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Toyota Camry.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for collisions

Collision coverage pays for damage to your Camry from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as colliding with a tree, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for chiropractic care, doctor visits and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage provides protection from injuries or damage you cause to a person or their property in an accident. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as emergency aid, medical services, repair bills for other people’s vehicles, repair costs for stationary objects and court costs. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive coverage

Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like theft, a broken windshield, hitting a deer, falling objects and rock chips in glass. The most a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Buy Smart and Save

Cost effective 2008 Toyota Camry insurance is definitely available from both online companies as well as from insurance agents, and you need to price shop both to have the best rate selection. A few companies don’t offer rate quotes online and these regional insurance providers prefer to sell through independent insurance agents.

As you prepare to switch companies, it’s a bad idea to sacrifice coverage to reduce premiums. In many instances, an insured cut uninsured motorist or liability limits and learned later they didn’t purchase enough coverage. The proper strategy is to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

We covered quite a bit of information on how to compare 2008 Toyota Camry insurance auto insurance rates online. The most important thing to understand is the more you quote insurance, the higher your chance of finding low cost insurance. Consumers could even find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. Regional companies can often provide lower premium rates in certain areas than their larger competitors like Progressive or Geico.

Additional detailed information can be found in the articles below:

• Older Driver Statistics (Insurance Information Insitute)
• Distracted Driving Statistics (Insurance Information Insitute)
• Cellphones, Texting and Driving (iihs.org)
• Auto Insurance 101 (About.com)