Compare 2015 Toyota Camry Insurance Cost

Trying to find lower car insurance rates for your Toyota Camry? Are you overwhelmed by the number of car insurance companies in your area? Drivers have such a large number of options that it can be a difficult situation to find better premium rates.

Lower insurance rates with these tips

Many things are taken into consideration when premium rates are determined. Some are pretty understandable like a motor vehicle report, but other criteria are more transparent such as your credit history or how safe your car is.It’s important that you understand some of the things that help determine the level of your policy premiums. When you understand what controls the rates you pay, this enables you to make decisions that could result in lower rates.

The itemized list below are a few of the things car insurance companies consider when setting your prices.

  • Consolidate policies and save money – Some insurance companies apply better rates to customers that purchase more than one policy, otherwise known as a multi-policy discount. The amount of the discounts can be ten or even up to twenty percent in some cases. Even if you’re getting this discount it’s in your best interest to check prices from other companies to make sure you are getting the best deal.There is a good possibility that you can find a better deal by insuring with multiple companies.
  • How much liability insurance do you need? – The liability section of your policy is the coverage that protects you if a court rules you are at fault for personal injury or accident damage. Liability provides you with a defense in court to defend your case. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
  • Which gender costs less? – Over the last 30 years, statistics show women are more cautious behind the wheel. However, don’t assume that females are better at driving than males. Females and males are responsible for at-fault accidents in similar percentages, but guys tend to have higher claims. They also get higher numbers of serious violations such as reckless driving.
  • How credit rating affects car insurance costs – Having a bad credit rating will be a significant factor in calculating your premium rate. Drivers who have very good credit scores tend to file fewer claims as compared to drivers with lower credit ratings. If your credit rating leaves room for improvement, you could be paying less to insure your 2015 Toyota Camry if you clean up your credit.
  • Accidents will cost you – A bad driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets receive lower rates compared to drivers with tickets. Just one ticket may increase your cost twenty percent or more. Drivers who get flagrant citations like DUI or willful reckless driving may face state-mandated requirements to submit a SR-22 form with their state’s department of motor vehicles in order to legally drive a vehicle.
  • Know your vehicle’s NHTSA crash test rating – Vehicles with good safety scores are cheaper to insure. The safest vehicles reduce injuries and lower rates of occupant injuries translates into savings for insurance companies and cheaper rates on your policy.
  • Theft deterrents systems cut car insurance rates – Driving a car with an alarm system can help lower your rates. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms can help prevent auto theft.
  • Stress out and pay more – Careers such as military generals, business owners and accountants usually pay higher average rates because of high stress and lengthy work days. On the other hand, careers such as scientists, students and the unemployed pay the least on Camry coverage.

More discounts mean cheaper premiums

The price of auto insurance can be rather high, but companies offer discounts that you may not even be aware of. A few discounts will be applied at the time you complete a quote, but some must be asked about before they will apply.

  • Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Life Insurance Discount – Select insurance companies reward you with a break if you buy a life insurance policy as well.
  • New Vehicle Savings – Putting coverage on a new car can get you a discount due to better safety requirements for newer models.
  • Federal Government Employee – Active or retired federal employment could cut as much as 10% off on Camry coverage but check with your company.
  • Early Renewal Discounts – Some larger companies give discounts for switching companies prior to the expiration date on your current policy. You can save around 10% with this discount.

You can save money using discounts, but most of the big mark downs will not be given to your bottom line cost. Most only cut individual premiums such as medical payments or collision. Even though it appears all those discounts means the company will pay you, company stockholders wouldn’t be very happy. Any qualifying discounts should definitely cut the cost of your policy.

Popular auto insurance companies and a selection of discounts are:

  • The Hartford has savings for vehicle fuel type, air bag, bundle, defensive driver, driver training, anti-theft, and good student.
  • American Family offers discounts for early bird, defensive driver, Steer into Savings, bundled insurance, good driver, air bags, and multi-vehicle.
  • Progressive may offer discounts for multi-policy, online quote discount, online signing, multi-vehicle, homeowner, continuous coverage, and good student.
  • Travelers may include discounts for multi-car, continuous insurance, save driver, multi-policy, student away at school, and new car.
  • Farmers Insurance offers premium reductions for multi-car, good student, youthful driver, electronic funds transfer, pay in full, and distant student.
  • USAA offers discounts including loyalty savings, annual mileage, new vehicle, vehicle storage, good student, multi-vehicle, and multi-policy.
  • Liberty Mutual has discounts for preferred payment discount, new vehicle discount, new move discount, newly married, teen driver discount, and newly retired.

It’s a good idea to ask every prospective company which discounts you may be entitled to. Some discounts listed above may not apply to policyholders everywhere. If you would like to choose from a list of insurance companies with discount rates, click here.

Smaller companies may have the best rates

Companies like Allstate, GEICO and Progressive endlessly run ads on TV and radio. All the companies convey the message that people will save if you get a free insurance coverage quote and switch your coverage. How does each company offer drivers better rates? This is how they do it.

Different companies quote the lowest rates for the type of driver that will not have excessive claims. For example, a profitable insured may need to be a married male, carries high limits, and drives a safe vehicle. Any new insured who matches that profile will get very good car insurance rates and most likely will save when switching.

People who don’t meet these criteria will have to pay higher rates with the end result being the prospect going elsewhere. The trick is to say “drivers who switch” not “everyone that quotes” save money. This is how insurance companies can confidently make those claims. Different companies use different criteria so drivers should do a rate comparison at every renewal. You cannot predict with any certainty which company will provide you with the cheapest prices.

It’s not one size fits all

When choosing adequate coverage, there really is no “best” method to buy coverage. Each situation is unique.

For instance, these questions may help highlight if your insurance needs will benefit from professional help.

  • Does my insurance cover my expensive audio equipment?
  • Am I covered if I drive in a foreign country?
  • Am I getting all the discounts available?
  • Is my Toyota Camry covered if I use it for business?
  • What vehicles should carry emergency assistance coverage?
  • Do I need an umbrella policy?
  • How many claims can I have before being cancelled?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Educate yourself about insurance coverages

Knowing the specifics of your policy can help you determine the best coverages for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring.

Uninsured or underinsured coverage – This coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants as well as damage to your 2015 Toyota Camry.

Because many people 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 car insurance – This coverage can cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values 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 protects against things like attorney fees, medical services and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.

Medical expense coverage – Med pay and PIP coverage reimburse you for expenses such as surgery, ambulance fees, hospital visits and doctor visits. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverages – Collision insurance pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like colliding with a tree, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Comprehensive protection – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like theft, damage from getting keyed, hitting a bird and damage from flooding. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.

Get your money’s worth

The cheapest 2015 Toyota Camry insurance can be sourced from both online companies and from local insurance agents, so you should compare both to have the best rate selection. A few companies do not offer price quotes online and many times these regional carriers provide coverage only through local independent agencies.

Drivers leave their current company for a number of reasons such as not issuing a premium refund, delays in responding to claim requests, extreme rates for teen drivers or even denial of a claim. Whatever your reason, switching insurance coverage companies is less work than it seems.

In this article, we covered a lot of tips how to get a better price on 2015 Toyota Camry insurance. It’s most important to understand that the more you quote insurance coverage, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from a lesser-known regional company.

More tips and info about insurance coverage is located by following these links:

Comments About 2015 Toyota Camry Insurance

  1. Maya Malone

    I found affordable 2015 Toyota Camry insurance from GEICO in Parkersburg, WV.

  2. Robert Deleon

    Does 21st Century settle claims fairly?

  3. Angila Valentine

    Progressive and Allstate had the best prices I found in Massachusetts.

  4. Tari Coleman

    Not sure what I should be paying. From northwest of Louisville, Kentucky. Received rates from Allstate, Liberty Mutual, and Esurance for my 2015 Toyota Camry and I think I saved around $50 each month. I have a teen driver too. Just go online and compare their rates.

  5. Bernardine Marsh

    Does State Farm settle claims fairly?

  6. Loriann Mullen

    Enjoyed the article. From northwest of Knoxville, Tennessee. Checked online prices for a 2015 Toyota Camry. Ended up at about $290 savings annually. Went with GEICO. Was with Nationwide. BTW speeding tickets are not good.

  7. Luther Adkins

    Great info, thanks for posting. I’m in the south part of Great Falls, MT. Quoted quotes with Auto-Owners, Sentry, and a few others for my 2015 Toyota Camry and saved around $90 a year. Insured with Auto-Owners before. Have a couple speeding tickets too. :)

  8. Ashley Harris

    In Cincinnati, Ohio compare State Farm with GEICO and see which is best.

  9. Kerri Carrillo

    I’ve insured with Allstate for a long time. Pretty cheap in San Jose, CA.

  10. Rodrick Paul

    Is State Farm cheaper than GEICO in Portland, ME?

  11. Carolann Carson

    From north side of Las Cruces, NM. Checked online prices for a 2015 Toyota Camry. Ended up at about $570 savings annually. Went with Progressive. A clean driving record helps. Just waiting to see how claims go.