Toyota Camry Insurance Rate Quotes in Irvine

Unbelievable but true, most car insurance policyholders renewed their policy with the same company for at least four years, and almost half have never compared rates with other companies. With the average premium in California being $1,400, drivers can save roughly $500 each year just by getting comparison quotes, but they don’t know the rate savings if they switched.

Insurance rates Toyota Camry in IrvineThe best way to save money on Toyota Camry insurance is to start doing an annual price comparison from insurance carriers in Irvine. This can be done by following these steps.

  1. Get a basic knowledge of how companies price auto insurance and the measures you can take to prevent expensive coverage. Many factors that result in higher prices like traffic violations, accidents, and an unacceptable credit rating can be rectified by making minor driving habit or lifestyle changes. Later in this article we will cover instructions to find cheap rates and get bigger discounts that may have been overlooked.
  2. Request price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or Allstate, while independent agents can quote prices from multiple insurance companies.
  3. Compare the new rate quotes to your existing rates to see if a cheaper rate is available. If you can save money and buy the policy, verify that coverage does not lapse between policies.
  4. Tell your current agent or company of your decision to cancel your existing policy and submit payment and a signed application for your new coverage. Once the paperwork is finalized, store the certificate verifying coverage along with the vehicle’s registration papers.

A good tip to remember is to compare the same deductibles and limits on each quote request and and to compare as many companies as you can. This provides a fair price comparison and a thorough price selection.

The companies in the list below are ready to provide comparison quotes in California. If your goal is to find cheap auto insurance in CA, it’s a good idea that you click on several of them to find the cheapest car insurance rates.

Analysis of coverages

The coverage information below showcases estimates of coverage prices for Toyota Camry models. Understanding more about how car insurance premiums are formulated can be valuable when making informed coverage decisions.

Toyota Camry Insurance Rates in Irvine, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $202 $408 $574 $34 $172 $1,390 $116
Camry SE $202 $482 $574 $34 $172 $1,464 $122
Camry XLE $202 $482 $574 $34 $172 $1,464 $122
Camry Hybrid $228 $482 $650 $38 $194 $1,592 $133
Get Your Own Custom Quote Go

Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price information does not factor in vehicle garaging location which can revise auto insurance rates greatly.

Comparison of policy deductibles

The hardest decision when buying coverage is which deductibles should you choose. The premium rates below outline the differences in price when you buy lower versus higher comp and collision deductibles. The first table uses a $100 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Toyota Camry insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $380 $686 $442 $26 $132 $1,691 $141
Camry SE $380 $810 $442 $26 $132 $1,815 $151
Camry XLE $380 $810 $442 $26 $132 $1,815 $151
Camry Hybrid $430 $810 $500 $30 $150 $1,945 $162
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Toyota Camry insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $210 $362 $442 $26 $132 $1,172 $98
Camry SE $210 $426 $442 $26 $132 $1,236 $103
Camry XLE $210 $426 $442 $26 $132 $1,236 $103
Camry Hybrid $238 $426 $500 $30 $150 $1,344 $112
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in zip code location which can impact coverage prices significantly.

Based on these figures, using a $100 deductible will cost you about $47 more each month or $564 a year than buying the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at a minimum 19 months between claims, you would more than likely save some money going with the higher deductible.

Insurance premiums based on gender

The information below compares Toyota Camry insurance costs for male and female drivers. The information is based on no driving violations, no at-fault accidents, full physical damage coverage, $250 deductibles, single marital status, and no other discounts are factored in.

Does it make sense to buy full coverage?

The illustration below illustrates the comparison of Toyota Camry insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in California. The information is based on no accidents or driving violations, $100 deductibles, drivers are not married, and no additional discounts are factored in.

Should you pay for full coverage?

There isn’t a steadfast formula of when to exclude physical damage coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.

For example, let’s say your Toyota Camry settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after paying your policy deductible. If you are paying in excess of $800 annually for physical damage coverage, then it might be time to consider dropping full coverage.

There are a few cases where only buying liability is not a good idea. If you haven’t paid off your loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage on your policy.

Three reasons to insure your Camry

Despite the high cost, buying insurance serves several important purposes.

The benefits of buying insurance definitely exceed the cost, especially for larger claims. According to a 2015 survey, the average American driver overpays as much as $700 annually so shop around every year to help ensure money is not being wasted.

You Can Change Your Insurance Rates

Smart consumers have a good feel for a few of the rating criteria that aid in calculating your policy premiums. If you know what determines base rates, this allows you to make educated decisions that may result in lower insurance prices.

Cheaper insurance is a realistic goal

Lower-priced insurance in Irvine is definitely available both online and from local insurance agents, so you need to shop Irvine car insurance with both in order to have the best price selection to choose from. There are still a few companies who may not have the ability to get quotes online and these smaller companies provide coverage only through independent agencies.

You just learned quite a bit of information on how to shop for Toyota Camry insurance online. The key thing to remember is the more companies you get rates for, the higher the chance of saving money. You may even discover the best price on insurance is with a company that doesn’t do a lot of advertising. They may have significantly lower rates on certain market segments than their larger competitors like State Farm and Allstate.

Additional detailed information is available at these sites: