Cheapest 2017 Toyota Camry Insurance Rates in 2023

Whichever way you choose to compare rates, try to keep nearly identical quote information with every price quote. If you compare different values for each quote it’s impossible to make a fair comparison for your Toyota Camry. Just a small difference in coverages may result in a large different in cost. It’s important to know that more quotes increases the change that you will find a lower rate. Some companies don’t provide rate quotes online, so it’s important to compare rates from the smaller companies as well.

The Toyota Camry insurance price equation

Lots of factors are taken into consideration when quoting car insurance. Some of the criteria are obvious such as your driving record, but other factors are not as apparent like your continuous coverage or your vehicle rating.

• Deter vehicle theft – Buying a car with a theft deterrent system can earn a premium discount. Anti-theft devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent your vehicle from being stolen.
• Avoid unnecessary extra coverages – There are a lot of extra bells and whistles that you can get tricked into buying on your Camry policy. Coverages for roadside assistance, towing, and extra equipment coverage may not be needed and are just wasting money. These coverages may sound good initially, but if you don’t need them think about removing them and cutting costs.
• Low credit history equals high rates – A driver’s credit rating is a big factor in your rate calculation. People with very good credit scores tend to be better risks to insure as compared to drivers with lower credit ratings. If your credit can be improved, you could save money insuring your 2017 Toyota Camry by improving your credit score.
• Five star NHTSA crash test rating saves money – Safer cars tend to have better insurance rates. The safest vehicles help reduce the chance of injuries in an accident and lower injury rates translates into fewer and smaller insurance claims and thus lower rates. If your Toyota Camry scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.
• Higher rates for auto insurance policy lapses – Driving any period of time without insurance is illegal and any future policy may cost more because you let your insurance coverage expire. And not only will insurance be more expensive, getting caught without coverage could result in a license revocation or jail time.
• Being married can lower rates – Having a significant other may cut your premiums on auto insurance. Having a significant other means you’re more financially stable and insurance companies like that drivers who are married are more cautious.
• Lower coverage deductibles cost more – Physical damage protection, also called comprehensive and collision insurance, covers your vehicle from damage. A few examples of covered claims could be a windshield shattered by a rock, flood damage, and rolling your vehicle. The deductibles are how much you are required to spend before your auto insurance pays a claim. The more damage repair cost you’re willing to pay, the better rate you will receive for Camry insurance.
• File a auto insurance claims and pay more – Insurance companies provide the best rates to policyholders who do not file claims often. If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.

Special considerations

When choosing adequate coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions can help discover if you will benefit from professional help.

• What is UM/UIM insurance?
• Will filing a claim cost me more?
• How high should deductibles be on a 2017 Toyota Camry?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Am I covered when pulling a rental trailer?
• What exactly is covered by my policy?
• Is my state a no-fault state?
• Am I covered when using my vehicle for business?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, simply complete this short form.

What car insurance coverages do you need?

Understanding the coverages of car insurance can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverages offered by car insurance companies.

Collision protection

This will pay to fix damage to your Camry resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers claims such as driving through your garage door, sideswiping another vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as EMT expenses, X-ray expenses, funeral costs, doctor visits and dental work. The coverages can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and may carry a deductible

Uninsured and underinsured coverage

This coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries and damage to your Toyota Camry.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverages

Comprehensive insurance coverage pays for 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 coverage protects against things such as rock chips in glass, damage from getting keyed and hitting a deer. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Auto liability

Liability insurance provides protection from injuries or damage you cause to a person or their property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.

Liability coverage pays for claims such as repair costs for stationary objects, funeral expenses, pain and suffering and emergency aid. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Money doesn’t grow on trees

While you’re price shopping online, you should never sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice full coverage only to discover later they didn’t have enough coverage. Your goal is to buy enough coverage for the lowest cost and still be able to protect your assets.

More affordable car insurance is attainable online and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies may not have online quoting and most of the time these small insurance companies only sell through independent insurance agents.

To learn more, feel free to visit the articles below:

• Steps to Take After an Auto Accident (Insurance Information Insitute)
• Teen Driving Statistics (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Insitute)
• Child Safety FAQ (iihs.org)
• Determing Auto Insurance Rates (GEICO)

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