Buying cheaper insurance for a Toyota Camry is pretty simple for most people to do, but it depends on many rating factors such as how many miles you drive each year, where your vehicle is garaged, and if you have a history of accidents. Drivers in Arizona will pay on average $902 a year to insure their Camry, but that amount is an approximation based upon a 30-year-old single male driver with full physical damage coverage and $500 deductibles.
The issue with using an average estimated rate is the likelihood you are not 30 years old and maybe not even male, possibly married instead of single, and maybe your Camry is older and does not require full coverage. Even a minor difference in rating variables can make a big difference in rates.
Car insurance coverage is unique to each driver, so this is why the best way to find cheap auto insurance rates for your Toyota is to do your own rate comparisons. Price quotes are quick and you can get prices from the best companies that sell coverage in Arizona.
The trim level of your vehicle will influence the cost of coverage, so the cost to insure a Camry LE will be $152 less than the price to insure the more costly Camry Hybrid model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Table data does not factor in vehicle location which can impact premium rates substantially.
Finding out which companies have the best auto insurance rates for a Toyota Camry takes a little more work in order to find the best policy. Each auto insurance company has a unique formula for setting rates, so we’ll go over the auto insurance companies with the most affordable rates in Chandler, AZ.
It’s important to understand that Chandler, AZ auto insurance rates are determined by lots of factors that control the policy premium. Simply improving your credit, having a teenage driver, or getting a ticket for running a stop sign can cause premium changes that can cause some rates to be cheaper than competitors.
Find Cheaper Auto Insurance for Your Camry
|Rank||Company||Cost Per Year|
|11||Farm Bureau Mutual||$1,285|
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The Hartford quotes some of the lowest car insurance rates in Chandler at around $845 a year. This is $583 less than the average policy premium paid by Arizona drivers of $1,428. Auto-Owners, Safeco, Travelers, and USAA also make the cut as some of the most economical Chandler, AZ car insurance companies.
As the rates illustrate above, if you are a policyholder with Travelers and switched to Auto-Owners, you might realize a yearly savings of around $178. Policyholders with USAA could save as much as $183 a year, and Progressive insureds might realize rate reductions of up to $221 a year.
To discover how much you can save, click here to begin a quote or visit any of the companies below.
These prices are averaged for all ages of drivers and types of vehicles and and are not figured with a specific vehicle garaging location for a Toyota Camry. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That points out the importance of why you need to quote rates from many companies using your own personalized driver profile and vehicle information.
Cost of full coverage
Finding the cheapest auto insurance is important to most vehicle owners, and an easy way to save on the cost of insurance for a Toyota Camry is to only pay for liability coverage. The chart below illustrates the difference between insurance rates with and without full coverage. The premium estimates are based on a clean driving record, no at-fault accidents, $1,000 deductibles, single status, and no other discounts are factored in.
If all age groups are averaged, physical damage insurance costs an extra $1,573 per year more than insuring for liability only. Many drivers will wonder if it’s a good idea to buy full coverage. There isn’t a steadfast formula to stop paying for comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let’s assume your vehicle’s settlement value is $4,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,500 after paying your deductible. If you are paying in excess of $350 annually to have full coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where removing full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
The chart below highlights how deductible selection can increase or decrease yearly insurance costs when researching cheap insurance for a Toyota Camry. The price estimates are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
A 30-year-old driver could lower their car insurance rates by $322 a year by changing from a $100 deductible up to a $500 deductible, or save $484 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old example, could drop their prices up to $972 every year just by choosing higher deductibles. If you do make the decision to raise your deductibles, it will be important to have plenty of savings on hand to offset the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
The agents listed below are willing to aid you in deciding which car insurance company is the best fit, since some drivers have questions and prefer to get some help when shopping around for cheaper insurance for a Toyota Camry. It’s not always easy to find the best coverage on your own, and getting advice from a licensed agent can add peace of mind knowing your coverage gives you enough coverage if you have a claim. To find a Chandler insurance agent nearest to you, click the button at the bottom of the list or click here to compare rates now.
1st Choice Insurance
2500 N Alma School Rd – Chandler, AZ 85224 – (480) 855-7000
Farmers Insurance – Alan Beyerle
1820 E Ray Rd a213 – Chandler, AZ 85225 – (480) 820-2797
Sunvalley Insurance (Agency)
4960 S Gilbert Rd #1 – Chandler, AZ 85249 – (480) 626-7218
Allstate Insurance: Robert Gallego
3175 S Price Rd Ste 142 – Chandler, AZ 85248 – (480) 820-0808
How to find more affordable auto insurance for a Toyota Camry
It’s not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help Chandler drivers get low-cost car insurance.
- Keep your driving record clean
- Improve your credit
- On older vehicles, drop full coverage
- At-fault accidents can raise rates significantly
- Raise deductibles
- Buy a car with high safety ratings
- Comparison shop at least every other year
That last idea is incredibly important, as we emphasized in this article. Auto insurance rates adjust frequently, so don’t be afraid to change to a new company if a better deal can be had. Many drivers prefer to stick with one company, but we do not recommend it if that faithfulness ends up costing you major coinage every year. It only take a few minutes to shop around and find cheaper insurance for a Toyota Camry in Chandler.