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.

The 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.

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.

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.

• Just about all states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance in order to drive the car legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
• If your Toyota has a loan, it’s most likely the lender will stipulate that you buy insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Toyota at a much higher rate and force you to pay for it.
• Insurance safeguards not only your Toyota but also your financial assets. It also can pay for medical bills that are the result of an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of your driving. If your Toyota gets damaged, comprehensive and/or collision insurance will cover the repair costs.

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.

• Do you qualify for a multi-policy discount? – The majority of insurance companies will award lower prices to clients that purchase more than one policy such as combining an auto and homeowners policy. The amount of the discounts can be ten or even fifteen percent. Even if you qualify for this discount already, drivers will still want to compare other Irvine Camry insurance rates to guarantee you are still saving the most.

• Cautious drivers pay lower costs – Drivers who don’t get tickets get better rates than their less careful counterparts. Just one driving citation can bump up the cost by as much as twenty percent. Drivers who have dangerous violations like DWI, reckless driving or hit and run convictions may find that they have to to maintain a SR-22 with their state’s licensing department in order to legally drive a vehicle.

  The information below shows how speeding tickets and fender-benders influence Toyota Camry auto insurance costs for different age categories. The rates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.

• Decrease prices by maintaining coverage – Driving with no insurance can get you a ticket and insurance companies will penalize you for letting your insurance coverage expire. And not only will insurance be more expensive, failure to provide proof of insurance can result in a steep fine or even jail time.
• Keep the miles off and save – The more you drive your Toyota annually the more you’ll pay to insure it. A lot of insurance companies calculate prices based on how the vehicle is used. Vehicles that do not get driven very much qualify for better rates than vehicles that are driven to work every day. Double check that your insurance policy properly reflects how each vehicle is driven. Having the wrong rating on your Camry can cost quite a bit.
• Liability is peace of mind – Your policy’s liability coverage provides coverage if ever a court rules you are at fault for causing damage or personal injury in an accident. It provides you with a defense in court which can cost thousands of dollars. Liability insurance is pretty cheap when compared with rates for comp and collision, so do not skimp.

• Toyota Camry statistical loss data – Car insurance companies analyze the history of losses when they set coverage costs for each model. Models that the data determines to have high amounts or severity of claims will have increased rates. The information below illustrates the historical insurance loss data for Toyota Camry vehicles.

  For each coverage category, the loss probability for all vehicles, as a total average, is set at 100. Percentages below 100 suggest losses that are better than average, while values that are above 100 indicate higher probability of having a loss or an increased likelihood of larger losses.

  
  

  Toyota Camry Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Camry	110	94	102	148	145	107
  Toyota Camry Hybrid	124	100	110	118	127	96

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

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:

• Should I Buy a New or Used Car? (Allstate)
• Who Has Affordable Car Insurance Rates for a Nissan Sentra in Irvine? (FAQ)
• What Car Insurance is Cheapest for a Toyota Corolla in Irvine? (FAQ)
• Who Has Cheap Auto Insurance Quotes for a Ford Focus in Irvine? (FAQ)
• Who Has Cheap Auto Insurance Rates for High School Students in Irvine? (FAQ)
• Who Has Cheap Car Insurance Quotes for a Honda Pilot in Irvine? (FAQ)
• Choosing a Car for Your Teen (State Farm)
• New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
• Uninsured Motorists: Threats on the Road (Insurance Information Institute)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)