2011 Toyota Camry Insurance Cost – 10 Tips for Best Prices

Searching for lower insurance coverage rates for your Toyota Camry? Do you think you bought an expensive insurance coverage policy? Don’t feel bad because many drivers feel the same as you.

Insurance companies such as State Farm and GEICO increase brand awareness with ad campaigns and it can be hard to ignore the flashy ads and find the best price available.

It’s a good habit to compare prices on a regular basis because insurance prices are rarely the same from one policy term to another. Just because you found the lowest rates on Camry coverage a couple years back other companies may now be cheaper. Don’t believe everything you read about insurance coverage on the web, but in this article, you’re going to get some excellent ideas to find cheap insurance coverage.

Use discounts to get cheaper insurance coverage rates

Car insurance can cost a lot, but there’s a good chance there are discounts that can help lower your rates. Certain credits will be shown when you purchase, but a few need to be asked about prior to receiving the credit.

  • Safety Course Discount – Passing a defensive driving class can save you 5% or more and make you a better driver.
  • Theft Deterent System – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and that can save you a little bit as well.
  • Discount for Good Grades – This discount can save 20 to 25%. Most companies allow this discount up to age 25.
  • Life Insurance Discount – Not all insurance companies offer life insurance, but some may give you a discount if you purchase life insurance from them.
  • Multiple Policy Discount – When you have multiple policies and insure them with the same company you will save approximately 10% to 15%.
  • College Student – Kids who are enrolled in a college that is more than 100 miles from home and don’t have a car may qualify for this discount.
  • Waiver for an Accident – Not necessarily a discount, but companies like Progressive, Allstate, and GEICO allow you one accident before raising your premiums as long as you don’t have any claims before the accident.
  • Safety Restraint Discount – Buckling up and requiring all passengers to buckle up can save 10% or more off PIP or medical payments premium.
  • Organization Discounts – Participating in qualifying employment or professional organizations could earn you a nice discount on your next renewal.
  • Government Employee Discount – Active or retired federal employment can save as much as 8% on Camry coverage with certain companies.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, you aren’t that lucky. Any amount of discount will cut the cost of coverage.

A few of the larger companies and a partial list of their discounts can be read below.

  • Esurance may offer discounts for claim free, anti-lock brakes, safety device, defensive driver, and online quote.
  • The Hartford policyholders can earn discounts including vehicle fuel type, driver training, anti-theft, good student, air bag, bundle, and defensive driver.
  • AAA has discounts for education and occupation, AAA membership discount, multi-policy, pay-in-full, good driver, multi-car, and anti-theft.
  • GEICO discounts include daytime running lights, federal employee, five-year accident-free, anti-lock brakes, and defensive driver.
  • State Farm has savings for student away at school, good driver, driver’s education, multiple autos, safe vehicle, and accident-free.

When getting free insurance quotes, it’s a good idea to every prospective company which discounts they offer. Some of the discounts discussed earlier may not apply to policies in your area. For a list of insurers that offer some of these discounts, click this link.

Insurance coverage ads are enticing

Insurance coverage companies such as Progressive, GEICO, Allstate and State Farm continually stream television, radio, and online ads. They all seem to advertise the message about saving some big amount just by switching your coverage to them. Is it even possible that every company can charge less that you’re paying now? It’s all in the wording.

Companies can use profiling for the right customer that will most likely be profitable. A good example of a profitable customer might be over age 30, is a homeowner, and drives a lower-performance vehicle. Any driver who meets those qualifications will probably get the lowest car insurance rates and will cut their rates substantially.

People who may not quite match these stringent criteria will be charged more expensive rates which results in the customer buying from someone else. The wording the ads use say “people that switch” not “everyone that quotes” save that much. This is how insurance companies can confidently make it sound like they have such great premium rates. Because of this risk profiling, you should do a price quote comparison at every renewal. It is impossible to guess with any certainty which company will have better car insurance rates than you’re paying now.

Tailor your insurance coverage coverage to you

When choosing adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions might point out whether you will benefit from professional help.

  • When should I drop full coverage on my 2011 Toyota Camry?
  • Does my car insurance cover rental cars?
  • Why do I only qualify for high-risk insurance?
  • Do I need roadside assistance coverage?
  • Does liability extend to a camper or trailer?
  • Do I have newly-aquired coverage?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What if I don’t agree with a claim settlement offer?
  • Are rental cars covered under my policy?
  • What is UM/UIM insurance?

If it’s difficult to answer those questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Insurance coverages 101

Understanding the coverages of insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types offered by insurance companies.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Toyota Camry.

Because many people 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 a good idea.

Comprehensive insurance

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like damage from flooding, a tree branch falling on your vehicle and rock chips in glass. The highest amount 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.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as hospital visits, surgery, ambulance fees, nursing services and doctor visits. They can be used to fill the gap from your health insurance program or if there is no health insurance coverage. They cover you and your occupants and also covers 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

Collision coverage protection

Collision insurance pays for damage to your Camry from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as hitting a parking meter, sustaining damage from a pot hole, crashing into a building, backing into a parked car and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Auto liability insurance

Liability coverage will cover damages or injuries you inflict on other people or property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to a $50,000 limit per person for injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability can pay for things such as repair bills for other people’s vehicles, repair costs for stationary objects, medical services and court costs. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.

Final thoughts

A few companies don’t offer internet price quotes and usually these regional carriers prefer to sell through local independent agents. Lower-priced insurance coverage can be found both online and also from your neighborhood agents, and you should be comparing both to have the best rate selection.

We’ve covered a lot of ways to compare 2011 Toyota Camry insurance premium rates online. The key thing to remember is the more companies you get prices for, the higher your chance of finding low cost insurance. You may even find the best premium rates are with some of the lesser-known companies. Some small companies may often insure only within specific states and give getter rates compared to the large companies like GEICO and State Farm.

Additional information is available at these links:

Comments About 2011 Toyota Camry Insurance

  1. Charis Caldwell

    I’m from Hilo, HI. Quoted with 21st Century, Auto-Owners, and some I forget for my Toyota and cut my rates about $290 a year. Teenage drivers are expensive!

  2. Zachary Howell

    What is comprehensive coverage?

  3. Brandie Mercer

    I’m in the west part of Hartford, CT. Quoted with 21st Century, American Family, and Farmers for my Toyota and saved about $460 a year. Good multi-policy discounts. I used their website to get prices.

  4. Isela Savage

    If you have a good history and live in the vicinity of Portland, Oregon, check out State Farm. You might get cheaper rates. Insured with Safeco before. Even increased my liability limits.

  5. Everett Carey

    Do I have to have car insurance in Indiana?

  6. Loria Dickerson

    Nice info. I live on the south side of Hartford, CT. I compared lots of rates. Saved right around $60 a month. Allstate was the best choice for me. Insured with Progressive before. I increased coverages a little too.

  7. Bernardine Berry

    Where is cheaper car insurance? Quoted with Eastwood for my Toyota and cut my rates about $130 a year.

  8. Altagracia Delacruz

    Good site, thanks. Located in Grand Rapids, Michigan. Compared quite a few companies. Saved about $70 a month. GEICO was the most affordable for me. :P

  9. Joe Prince

    Does State Farm have low rates for teen drivers?

  10. Junie Stanley

    Where can I find cheaper car insurance in Eugene, OR?

  11. Marissa Guerra

    Great info, thanks for posting. Proud to be from Spokane, WA. Went online for free insurance quotes for a 2011 Toyota Camry. Ended up at about $430 savings annually. Went with GEICO. Was with The General. I increased coverages a little too. Not sure about claim service.