How Much Does 2016 Toyota Camry Hybrid Insurance Cost?

Trying to find lower auto insurance rates for your Toyota Camry Hybrid? When shopping for lower-priced insurance, do you get frustrated by the number of auto insurance sources available to you? Many other drivers are too. There are so many options that it can easily become a real challenge to compare rates.

Reduce your insurance rates with discounts

Car insurance can cost a lot, but there’s a good chance there are discounts that many people don’t even know exist. Certain credits will be shown at the time you complete a quote, but less common discounts must be specially asked for prior to getting the savings. If you don’t get every credit possible, you are not getting the best rate possible.

  • Discount for Multiple Policies – If you combine your home and auto policies with one company they may give you a discount of up to 20% off your total premium.
  • Organization Discounts – Belonging to specific professional or occupational memberships or organizations can get you a small discount on your bill.
  • Discount for Life Insurance – Larger insurance companies have a break if you buy some life insurance in addition to your auto policy.
  • Waiver for an Accident – Not a discount per se, but a handful of insurance companies allow you one accident without the usual rate increase with the catch being you have to be claim-free for a set time period.
  • Senior Discount – Drivers that qualify as senior citizens may qualify for lower premium rates on Camry Hybrid insurance.
  • Accident Free – Good drivers with no accidents have much lower rates in comparison to insureds who have frequent claims or accidents.
  • Driver Training Discounts – Completing a course in defensive driving can save you 5% or more and also improve your driving technique.
  • Distant College Student Discount – Children living away from home attending college and do not have a car can receive lower rates.

Discounts reduce rates, but you should keep in mind that some credits don’t apply to the overall cost of the policy. Most cut individual premiums such as liability and collision coverage. If you do the math and it seems like all those discounts means the company will pay you, that’s just not realistic.

A list of companies and a partial list of their discounts can be found below.

  • GEICO offers discounts for anti-theft, multi-vehicle, membership and employees, seat belt use, good student, and defensive driver.
  • MetLife has savings for defensive driver, good student, claim-free, good driver, multi-policy, accident-free
  • State Farm offers premium reductions for Drive Safe & Save, multiple policy, Steer Clear safe driver discount, safe vehicle, driver’s education, multiple autos, and anti-theft.
  • Progressive discounts include homeowner, online quote discount, good student, multi-policy, online signing, continuous coverage, and multi-vehicle.
  • Mercury Insurance policyholders can earn discounts including good student, type of vehicle, multi-car, location of vehicle, multi-policy, anti-theft, and annual mileage.
  • 21st Century offers discounts including anti-lock brakes, defensive driver, early bird, teen driver, good student, and air bags.
  • Allstate has discounts for EZ pay plan discount, passive restraint, multi-policy, anti-lock brakes, and utility vehicle.

Double check with each company to apply every possible discount. Some of the earlier mentioned discounts may not apply to policyholders in your area. For a list of insurers that provide some of the discounts listed above, click here to view.

Low cost insurance coverage rate quotes online

There are a variety of methods to compare insurance coverage prices and some are easier and takes less work. You could waste a few hours driving to insurance agencies in your area, or you can stay home and use the web to get rate comparisons in just a few minutes.

Most car insurance companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and at least one company then gives them pricing. This saves time by eliminating quotation requests to each individual insurance coverage company.

To compare rates using this form now click to open in new window.

The only downside to doing it this way is you can’t choose which companies you want pricing from. So if you want to select specific insurance companies to compare rates, we have assembled a list of the cheapest insurance coverage companies in your area. View list of insurance companies.

You can choose any of those ways to find more affodable coverage, but do your best to use nearly identical quote information for each comparison quote. If you enter mixed coverages you will not be able to truly determine the lowest rate. Having just a slight variation in insurance coverages or limits can mean a large discrepancy in price. And when price shopping your coverage, having more price comparisons gives you a better chance of getting the best price.

Buy more affordable auto insurance with these tips

Lots of factors are used in the calculation when you get a price on insurance. Some are obvious such as traffic violations, but others are not as apparent like your vehicle usage and annual miles driven.

The factors shown below are a partial list of the pieces used by companies to determine premiums.

  • Cautious drivers have lower premiums – A bad driving record has a lot to do with how much you pay for insurance. Only having one ticket can bump up the cost by twenty percent. Careful drivers have lower premiums as compared to careless drivers. Drivers who have gotten flagrant violations like DUI, reckless driving or excessive speeding may face state-mandated requirements to maintain a SR-22 with the DMV in their state in order to legally drive a vehicle.
  • Higher auto insurance rates for policy lapses – Driving without insurance coverage in place can get your license suspended and as a result your rates will increase for letting your insurance coverage expire. Not only will you pay more, not being able to provide proof of insurance may result in a license revocation or jail time. You may need to provide proof of insurance in the form of an SR-22 filing with your state motor vehicle department.
  • Defend yourself with liability coverage – Your auto insurance policy’s liability coverage kicks in when you are determined to be liable for damages from an accident. It provides legal defense coverage which can cost a lot. Liability is cheap compared to comp and collision, so do not cut corners here.
  • Where you call home can influence costs – Choosing to live in areas with lower population is a positive aspect when shopping for auto insurance. Fewer people means a lower chance of having an accident and lower theft and vandalism rates. City drivers tend to have congested traffic and longer commutes to work. Higher commute times means higher likelihood of an accident.
  • Bundle policies with the same company – Many insurers afford discounts to clients that have more than one policy. It’s known as a multi-policy discount. Even with this discount applied, consumers should still shop around to make sure you are getting the best deal.
  • Auto insurance rates and your job – Did you know your auto insurance rates can be affected by your occupation? Jobs such as judgesair traffic controllers and dentists tend to have higher rates than average in part from intense work requirements and long work days. On the other hand, jobs like professors, students and the unemployed generally pay rates lower than average on Camry Hybrid insurance.
  • What are your comp and collision deductibles? – Coverage for physical damage, otherwise known as comp (or other than collision) and collision, covers your vehicle from damage. Some coverage claims are a windshield shattered by a rock, hitting a deer, and damage from a fallen tree branch. The deductibles you choose represent how much money you are required to pay before a claim is paid by your company. The more damage repair cost you have to pay, the lower your rates will be on Camry Hybrid insurance.

You are unique and your insurance coverage should be too

When choosing coverage for your vehicles, there really is no “perfect” insurance plan. Every situation is different.

These are some specific questions might help in determining whether or not you would benefit from an agent’s advice.

  • Do I need motorclub coverage?
  • Do I need higher collision deductibles?
  • If I drive on a suspended license am I covered?
  • Does my policy cover me when driving someone else’s vehicle?
  • Is my state a no-fault state?
  • Is my 2016 Toyota Camry Hybrid covered for flood damage?

If you’re not sure about those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Is there deception in advertising?

Well-known car insurance companies like Allstate and Progressive continually stream ads on television and other media. All the companies make the same claim of big savings if you get a free auto insurance quote and switch your coverage to them. How is it possible that every company can make the same claim? Here is how they do it.

Insurance providers quote the lowest rates for the type of insured they prefer to insure. A good example of a preferred risk could possibly be between 30 and 50, has no prior claims, and chooses high deductibles. Any person that hits that “sweet spot” will get the preferred auto insurance rates and have a good chance to save quite a bit of money when switching.

People who may not quite match the requirements may be forced to pay a more expensive rate and the customer not purchasing. The wording the ads use say “people that switch” not “everyone that quotes” save that much money. That’s why companies can make claims that they all have the best premium rates. This emphasizes why you should get a wide range of price quotes. It’s just too difficult to predict which insurance companies will have the lowest rate quotes.

Car insurance 101

Knowing the specifics of your insurance policy can help you determine appropriate coverage for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring.

Auto collision coverage

This coverage pays for damage to your Camry Hybrid resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as driving through your garage door, scraping a guard rail, hitting a mailbox and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.

Liability insurance

This provides protection from injuries or damage you cause to a person or their property that is your fault. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage pays for claims like medical expenses, repair bills for other people’s vehicles, structural damage, attorney fees and legal defense fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Camry Hybrid.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for dental work, pain medications, surgery and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like hitting a bird, falling objects, damage from flooding and theft. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

The best insurance company isn’t always the cheapest

As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. There are too many instances where drivers have reduced full coverage only to discover later that it was a big error on their part. Your strategy should be to buy the best coverage you can find at an affordable rate while still protecting your assets.

People who switch companies do it for a number of reasons such as delays in responding to claim requests, not issuing a premium refund, being labeled a high risk driver and even questionable increases in premium. It doesn’t matter what your reason, choosing a new insurance company is actually quite simple.

We just showed you many tips how you can shop for 2016 Toyota Camry Hybrid insurance online. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding low cost auto insurance. Consumers may even find the best prices are with a company that doesn’t do a lot of advertising.

For more information, take a look at the articles below:

Comments About 2016 Toyota Camry Hybrid Insurance

  1. Weston Mccarthy

    If you’re a decent driver and live around Las Vegas, NV, check out 21st Century. You might save some money. Insured with Amica before. I even had a DUI years ago.

  2. Ira Gamble

    From south side of Kansas City, KS. Got car insurance prices from Liberty Mutual, Auto-Owners, MetLife, and a couple others for my Toyota and saved $448 a year. Switched homeowners coverage too. Are quotes cheaper online?

  3. Sal Vega

    Does New Jersey require liability coverage?

  4. Velia Pearson

    If you have a good history and live near Wichita, Kansas, check out 21st Century. They seem to be cheaper.

  5. Ammie Hoover

    State Farm is cheapest in Delaware! :)

  6. Antwan Horton

    Live in Rockford, IL. I got free quotes with American Family, Sentry, and some smaller one I can’t remember the name of for my 2016 Toyota Camry Hybrid and saved just over $260 a year. Left Travelers to switch. Good multi-policy discounts.

  7. Magaly Mccall

    I found pretty cheap rate quotes for a 2016 Toyota Camry Hybrid in Worcester, MA. Ended up at roughly $230 every six months with Auto-Owners. Bought it from an online quote.

  8. Charla Goodman

    Lots of good stuff here. I live on the north side of New York City, NY. I got free rates from Nationwide, Encompass, Allstate, and American Family for my 2016 Toyota Camry Hybrid and saved $539 a year. It was easy to get rates.

  9. Arvilla Knox

    Why are claims settled so low?

  10. My Blake

    Corporate greed I’m telling you. From Minneapolis, MN. Got car insurance rates from GEICO, Encompass, and Hanover for my Toyota and I’m now saving $32 a month. I have a teen driver too. Get lots of quotes to find the best rate.

  11. Tawanna Barrera

    This is too expensive. I’m in the north part of Kansas City, MO. I don’t recall every quote but I ended up saving about $20 each month.

  12. Keren Herrera

    Anyone try to read their policy?

  13. Cristie Montgomery

    Lots of good stuff here. I’m in the suburbs of Providence, RI. Got rates from State Farm, AAA, and some I forget for my 2016 Toyota Camry Hybrid and saved just over $120 a year. Insured with Hartford before.