2022 Toyota Camry Insurance Quotes in 2024 – 8 Ideas for Best Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 12, 2024

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Paying for overpriced Toyota Camry insurance can stress out your savings account and make it impossible to make ends meet. Getting a rate comparison can be a smart way to slash your bill and have more disposable income.

Due to the fact that there are so many choices, it can be impossible to choose the lowest price insurer.

Smart consumers take time to get comparison quotes once or twice a year because auto insurance rates are variable and change quite frequently. Just because you had the best premium rates for Camry insurance at your last renewal there is a good chance you can find better prices now. Block out anything you think you know about auto insurance because you’re going to get a crash course in the tricks you need to know to find better rates and still maintain coverage.

The purpose of this article is to help you learn how car insurance quotes work and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. But car owners must know how big insurance companies price online insurance and use this information to your advantage.

Shop insurance online

There are multiple methods to compare insurance prices but one way is less time-consuming than others. You could waste time driving to insurance agencies in your area, or you can utilize online quoting to get rates in a matter of minutes.

Many insurance companies participate in an industry program where prospective buyers complete one form, and each company returns a rated price for coverage. This eliminates the need for quotation requests to each individual insurance company.

To get comparison pricing now enter your zip code here.

The only drawback to comparing rates this way is buyers cannot specifically choose the insurers to receive prices from. So if you want to select individual companies to request quotes from, we have a listing of the cheapest insurance companies in your area. Click to enter zip code.

You can choose any of those ways to find more affordable coverage, but try to use exactly the same information for each price quote. If each company quotes different limits and deductibles on each one you can’t possibly determine the best price for your Toyota Camry. Even a minor difference in limits can make a big difference in price. Just keep in mind that comparing more company’s prices increases your odds of finding the best rates. Some smaller insurers to not give rate quotes online, so you also need to get prices from those companies as well.

Get lower rates by taking advantage of these eight discounts

Insurance coverage is not inexpensive, but you may find discounts that many people don’t even know exist. Some trigger automatically when you complete an application, but lesser-known reductions have to be inquired about prior to getting the savings.

  • First Accident Forgiveness – This one isn’t a discount, but some companies like State Farm and Allstate allow you one accident without getting socked with a rate hike so long as you haven’t had any claims prior to being involved in the accident.
  • Claim-Free Discount – Good drivers with no accidents are rewarded with significantly better rates on insurance quote when compared with frequent claim filers.
  • Homeowners Savings – Owning your own home or condo can save you money since owning and maintaining a home demonstrates responsibility.
  • Anti-theft Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and qualify for as much as a 10% discount.
  • Active Military Service – Having an actively deployed family member could be rewarded with lower premium rates.
  • Discount for Multiple Policies – When you combine your homeowners and auto insurance with one company you could earn a discount of as much as 10 to 15 percent.
  • Membership in Organizations – Belonging to qualifying employment or professional organizations is a simple method to lower premiums on your next renewal.
  • Sign Online – Certain insurance coverage companies may give you up to $50 for buying your policy online.

You can save money using discounts, but most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. So despite the fact that it appears having all the discounts means you get insurance for free, companies wouldn’t make money that way.

The best insurance coverage companies and some of the premium reductions they offer are outlined below.

  • State Farm policyholders can earn discounts including safe vehicle, good student, passive restraint, driver’s education, multiple autos, accident-free, and multiple policy.
  • GEICO offers premium reductions for seat belt use, daytime running lights, driver training, defensive driver, military active duty, and good student.
  • SAFECO may offer discounts for bundle discounts, anti-lock brakes, multi-car, drive less, and anti-theft.
  • Farmers Insurance has discounts for bundle discounts, good student, electronic funds transfer, mature driver, and pay in full.
  • AAA may have discounts that include AAA membership discount, anti-theft, multi-car, pay-in-full, education and occupation, and good driver.
  • USAA discounts include vehicle storage, new vehicle, loyalty savings, multi-policy, good student, safe driver, and multi-vehicle.

If you need lower rates, check with each company how you can save money. Some of the earlier mentioned discounts might not be offered in your area.

How much car insurance do I need?

When choosing proper insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Every situation is different so your insurance should reflect that For example, these questions could help you determine whether your personal situation could use an agent’s help.

  • What are the best liability limits?
  • Is my Toyota Camry covered if I use it for business?
  • What is medical payments coverage?
  • Am I covered if I wreck a rental car?
  • Am I covered when pulling a rental trailer?
  • Will my rates increase for filing one claim?
  • How high should deductibles be on a 2022 Toyota Camry?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, fill out your zip code.

Car insurance coverage information

Learning about specific coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are the normal coverages found on most insurance policies.

Collision insurance

This will pay to fix damage to your Camry resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as crashing into a ditch, driving through your garage door and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Coverage for liability

This coverage protects you from damage or injury you incur to a person or their property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage pays for things such as pain and suffering, structural damage, court costs, repair bills for other people’s vehicles and bail bonds. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Medical payments and PIP coverage

Coverage for medical payments and/or PIP provide coverage for bills for things like nursing services, X-ray expenses, pain medications, dental work and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Comprehensive auto coverage

This coverage pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, damage from a tornado or hurricane and falling objects. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these limits are similar to your liability insurance amounts.

Better coverage you can count on

Lower-priced 2022 Toyota Camry insurance is possible both online as well as from insurance agents, so you need to quote insurance with both to have the best rate selection. Some insurance companies may not have the ability to get quotes online and these small, regional companies only sell coverage through local independent agencies.

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped collision coverage to discover at claim time that the savings was not a smart move. Your aim should be to purchase plenty of coverage for the lowest cost, but do not skimp to save money.

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