2003 Toyota Camry Insurance Cost – 8 Savings Tips

Sick and tired of trying to scrape together enough money to insure your Toyota every month? You are in the same boat as many other drivers. Companies like Geico and Progressive all promote huge savings with ad campaigns and it can be hard to ignore the propoganda and do the work needed to find the best deal.

If you have a policy now or are looking for a new policy, you can learn to find better prices while maintaining coverages. Finding the best rates is easy if you know what you’re doing. Drivers only need an understanding of the tricks to compare price quotes online.

Drivers can save with these eight premium-slashing discounts

Auto insurance can be pricey, but you might already qualify for some discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you get a quote, but a few need to be manually applied in order for you to get them.

• Early Signing – A few companies offer discounts for switching companies prior to your current policy expiring. It’s a savings of about 10%.
• Data Collection Discounts – Insureds that choose to allow their auto insurance company to study where and when they drive by installing a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if they show good driving skills.
• Pay Upfront and Save – By paying your entire bill at once instead of paying each month you may reduce your total bill.
• Memberships – Belonging to a qualifying organization can get you a small discount on your next auto insurance statement.
• Safe Drivers – Drivers without accidents could pay up to 40% less on Camry insurance than their less cautious counterparts.
• Discount for Life Insurance – Insurance carriers who offer life insurance give a lower rate if you buy some life insurance in addition to your auto policy.
• Low Mileage Discounts – Low mileage vehicles could earn substantially lower auto insurancerates.
• Seat Belt Usage – Requiring all passengers to use their safety belts may be able to save a few bucks on the premium charged for medical payments and/or PIP.

As is typical with insurance, most of the big mark downs will not be given the the whole policy. Most only cut the price of certain insurance coverages like medical payments or collision. So even though you would think you can get free auto insurance, you aren’t that lucky. Any qualifying discounts should help lower the cost of coverage.

If you would like to view insurers that offer multiple discounts, click this link.

The easiest way to compare policy rates is to know the trick most larger insurance companies actually pay money for the chance to give rate comparisons. All consumers are required to do is give them rating details like which vehicles you own, distance driven, if you lease or own, and if a SR-22 is needed. That rating information is automatically sent to many of the top insurers and you get price estimates instantly to find the best rate.

To compare multiple company rates now, click here and complete the form.

Do I need special coverages?

When buying coverage for your vehicles, there really is no best way to insure your cars. Everyone’s needs are different so this has to be addressed. These are some specific questions can help discover if your insurance needs might need an agent’s assistance.

• Is a fancy paint job covered?
• Where can I get insurance after a DUI in my state?
• Do I need replacement cost coverage on my 2003 Toyota Camry?
• Am I covered by my employer’s commercial auto policy when driving my personal car for business?
• Am I better off with higher deductibles on my 2003 Toyota Camry?
• What is the minimum liability in my state?
• Can I get a multi-policy discount?
• Do I pay less if my vehicle is kept in my garage?
• Am I covered when pulling a rental trailer?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Auto insurance coverages explained

Understanding the coverages of auto insurance aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverage types offered by auto insurance companies.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for expenses such as EMT expenses, dental work, doctor visits, chiropractic care and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you do not have health coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Collision protection

Collision coverage pays for damage to your Camry caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things like damaging your car on a curb, driving through your garage door, crashing into a building and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Liability insurance

Liability coverage provides protection from injuries or damage you cause to people or other property. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against things like bail bonds, loss of income, structural damage and repair costs for stationary objects. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as falling objects, hitting a deer, hitting a bird and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Toyota Camry.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Knowledge is power

Discount 2003 Toyota Camry insurance can be found on the web and with local insurance agents, and you need to comparison shop both to have the best selection. Some insurance companies may not offer online price quotes and most of the time these regional insurance providers prefer to sell through independent insurance agents.

We just showed you some good ideas how you can compare 2003 Toyota Camry insurance car insurance rates online. It’s most important to understand that the more quotes you get, the better likelihood of getting cheap insurance. Drivers may discover the biggest savings come from a small mutual company. Smaller companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.

As you prepare to switch companies, don’t be tempted to buy less coverage just to save a little money. There are too many instances where an accident victim reduced physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your objective should be to get the best coverage possible at the lowest possible cost.

For more information, feel free to browse the following helpful articles:

• Rollover Crash FAQ (iihs.org)
• Safety Features for Your New Car (State Farm)
• Reducing Your Risks in a Car Crash Video (iihs.org)
• Your Car has been Stolen: Now What? (Allstate)
• Car Insurance for Teen Drivers with Divorced Parents (Allstate)