1995 Toyota Camry Insurance Rates – 5 Ideas for Cheapest Quotes

Finding budget insurance is somewhat intimidating for drivers who are beginners to quoting and comparing rates on the internet. When there are so many companies, how are drivers able to effectively compare them all to find better rates?

You need to take a look at other company’s rates on a regular basis since prices are usually higher with each renewal. Even if you think you had the lowest rates on Camry insurance two years ago there is a good chance you can find better rate quotes now. Forget all the misinformation about insurance because you’re going to get a crash course in the best methods to lower your annual insurance bill.

How much is car insurance?

There are several ways to compare car insurance prices but one way is easier and takes less work. You can spend countless hours talking to insurance agencies in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

Most of the best insurance companies participate in a marketplace where prospective buyers send in one quote, and each participating company returns a rated price for coverage. This saves time by eliminating quotation requests for every car insurance company.

To enter your information into the quoting system, click here (opens in new window).

The only drawback to getting quotes like this is you are unable to specify which insurance companies you will receive quotes from. So if you want to select specific providers for rate comparison, we have assembled a list of low cost car insurance companies in your area. Click here for list of insurance companies.

Whichever way you choose to compare rates, try to keep identical deductibles and coverage limits on every quote you get. If you use mixed coverages it will be very difficult to make an equal comparison. Just a small difference in coverages could throw off the whole comparison. And when quoting car insurance, remember that comparing more rates from different companies will improve the odds of getting the best offered rates. Not every company allows you to get quotes online, so you need to compare quotes from them, too.

Take these five policy discounts and save

Insurance can be prohibitively expensive, but you might already qualify for some discounts to reduce the price significantly. Certain reductions will be credited at the time you complete a quote, but occassionally some discounts must be specially asked for before being credited.

• Policy Bundle Discount – If you can combine your home and auto policy and insure them with the same company you will save at least 10 to 15 percent or more.
• Switch and Save Discount – A few companies allow discounts for buying a new policy prior to your current policy expiration. You can save around 10% with this discount.
• Federal Employees – Employees or retirees of the government could cut as much as 10% off on Camry insurance with select insurance companies.
• Braking Control Discount – Cars equipped with ABS or steering control can stop better under adverse conditions and qualify for as much as a 10% discount.
• Anti-theft System – Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.

We need to note that most discount credits are not given to your bottom line cost. A few only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way.

A list of companies and some of the discounts are shown below.

• State Farm has savings for Steer Clear safe driver discount, good driver, good student, safe vehicle, multiple autos, multiple policy, and student away at school.
• Nationwide offers discounts for accident-free, Farm Bureau membership, multi-policy, family plan, easy pay, and business or organization.
• Geico includes discounts for anti-lock brakes, federal employee, five-year accident-free, anti-theft, and seat belt use.
• AAA discounts include pay-in-full, AAA membership discount, education and occupation, good driver, and good student.
• 21st Century may have discounts that include automatic seat belts, student driver, anti-lock brakes, air bags, and 55 and older.
• The Hartford may include discounts for bundle, anti-theft, defensive driver, driver training, vehicle fuel type, air bag, and good student.

Double check with all companies you are considering which discounts can lower your rates. Savings might not be offered on policies in your area. To see a list of companies with the best auto insurance discounts, click this link.

Which policy gives me the best coverage?

When it comes to buying the right insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s situation is a little different.

For example, these questions might help in determining whether your personal situation could use an agent’s help.

• Do all my vehicles need collision coverage?
• Should I have a commercial auto policy?
• Will I lose any money if I cancel my policy before it expires?
• What is covered by UM/UIM coverage?
• How can I get high-risk coverage after a DUI?
• I have good health insurance, so how much medical payments coverage do I need?
• Can my babysitter drive my car?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form.

Insurance coverages explained

Understanding the coverages of your policy aids in choosing which coverages you need and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording.

Auto liability insurance

Liability coverage protects you from damage that occurs to people or other property by causing an accident. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability can pay for things like repair costs for stationary objects, emergency aid and loss of income. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision insurance

This will pay to fix damage to your Camry from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as crashing into a building, damaging your car on a curb, sideswiping another vehicle, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive coverage

This covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from flooding, damage from a tornado or hurricane and theft. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Toyota Camry.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses for surgery, EMT expenses and doctor visits. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible