Lower Your 2014 Toyota Camry Insurance Quotes

Want the cheapest car insurance rates? Drivers have options when trying to find affordable Toyota Camry insurance. They can either waste time calling around getting price quotes or leverage the internet to find the lowest rates.

There are both good and bad ways to buy car insurance and you need to know the proper way to price shop coverage for your Toyota and get the best price possible either online or from local insurance agents.

It’s a good habit to get comparison quotes before your next renewal because rates trend upward over time. Despite the fact that you may have had the lowest premium rates for Camry coverage two years ago there may be better deals available now. You can find a lot of misleading information regarding car insurance out there, but by reading this article, you’re going to learn some great ways to lower your car insurance premiums.

The purpose of this post is to help you learn how to get online quotes and some tips to save money. If you are paying for car insurance now, you should be able to lower your premiums substantially using these tips. Vehicle owners only need an understanding of the most effective way to compare rates online.

Insurance costs are influenced by these factors

A large part of saving on car insurance is knowing some of the factors that help calculate the rates you pay for car insurance. When you understand what controls the rates you pay, this allows you to make educated decisions that may reward you with lower premium levels. Multiple criteria are part of the calculation when premium rates are determined. Some are pretty understandable like an MVR report, although others are less obvious such as whether you are married or your financial responsibility.

• Don’t get traffic citations – Drivers who don’t get tickets have lower premiums than bad drivers. Having a single speeding ticket or other violation can bump up the cost by as much as twenty percent. People who have careless tickets such as DWI, reckless driving or hit and run convictions may be required to file a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
• Having a spouse pays dividends – Being married actually saves money on your car insurance bill. Having a spouse translates into being more mature than a single person and statistics prove drivers who are married file infrequent claims.
• Prevent car insurance lapses – Driving with no insurance is a big no-no and you will pay a penalty because you let your insurance coverage expire. Not only will you pay more, being ticketed for driving with no insurance may result in fines or a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with your state DMV.
• Do males or females drive better? – Over the last 50 years, statistics have shown females are less aggressive when driving. However, this does not mean females are better drivers. Women and men cause auto accidents at about the same rate, but guys tend to have higher claims. Men also tend to receive more major tickets like DWI (DUI) or reckless driving.
• Safer the car lower the rate – Safe vehicles can get you lower premiums. Vehicles built for safety reduce the chance of injuries and reduced instances of injuries means your insurance company pays less which can mean better rates for you. If your Toyota Camry scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website it is probably cheaper to insure.
• Deter theft and pay less – Purchasing a vehicle with an alarm system can get you a discount on your car insurance. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder vehicle theft.

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Slash your insurance coverage rates with discounts

Some insurance providers don’t always advertise all disounts in an easy-to-find place, so we break down a few of the more well known in addition to some of the lesser obvious ways to save on insurance coverage.

• Anti-theft Discount – Vehicles with anti-theft systems are stolen with less frequency and will save you 10% or more.
• Discount for Home Ownership – Just owning your own home may trigger a policy discount on insurance coverage since home ownership requires a higher level of personal finance.
• Defensive Driving Course – Completing a driver safety course could cut 5% off your bill and easily pay for the cost of the class.
• Anti-lock Brake System – Cars with ABS braking systems or traction control prevent accidents and therefore earn up to a 10% discount.
• Discount for Life Insurance – If the company offers life insurance, you could get a discount if you purchase some life insurance in addition to your auto policy.
• Paperwork-free – Some of the larger companies may give you up to $50 just for signing your application on the web.

As a disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comp or med pay. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way.

A list of insurance coverage companies and some of the discounts are outlined below.

• Mercury Insurance may include discounts for ease of repair, professional/association, location of vehicle, multi-car, type of vehicle, anti-theft, and annual mileage.
• Farmers Insurance discounts include alternative fuel, youthful driver, switch companies, mature driver, and bundle discounts.
• Farm Bureau may offer discounts for 55 and retired, multi-vehicle, renewal discount, youthful driver, safe driver, and driver training.
• State Farm includes discounts for anti-theft, defensive driving training, Drive Safe & Save, driver’s education, Steer Clear safe driver discount, multiple policy, and passive restraint.
• Allstate offers premium reductions for new car, multi-policy, passive restraint, defensive driver, and 55 and retired.
• Geico offers discounts for daytime running lights, defensive driver, five-year accident-free, good student, military active duty, anti-theft, and driver training.

If you want low cost insurance quotes, ask each insurance company which discounts you may be entitled to. Discounts may not be available in your area. For a list of companies who offer online insurance coverage quotes, follow this link.

Insurance companies are expert advertisers

Consumers can’t avoid all the ads that claim the best prices by companies like State Farm, Geico and Progressive. They all seem to seem to make the promise that people will save if you get a free insurance quote and switch your coverage.

How does each company make the same claim? It’s all in the wording.

Many companies have specific criteria for the type of driver that will most likely be profitable. For instance, a profitable insured should be a female over age 40, has never had a claim, and drives a lower-performance vehicle. A driver that hits that “sweet spot” will get very good rates and will most likely save money with a new company.

Potential customers who fall short of these stringent criteria may be required to pay a higher rate and this results in the customer buying from a different company. The ads state “people who switch” not “everyone that quotes” save the amount stated. That’s why companies can truthfully make claims like that.

Because each company has a different risk profile, drivers should do a rate comparison at every renewal. It is just not possible to predict which company will have the best premium rates.

You are unique and your insurance should be too

When buying proper insurance coverage, there really is no single plan that fits everyone. Everyone’s needs are different.

Here are some questions about coverages that might point out whether your personal situation may require specific advice.

• What if I don’t agree with a claim settlement offer?
• Is my teen driver covered when they drive my company car?
• Can I rent a car in Mexico?
• Do I need an umbrella policy?
• Should I buy more coverage than the required minimum liability coverage?
• Can I rate high risk drivers on liability-only vehicles?
• Does insurance cover tools stolen from my truck?
• Do I need special endorsements for business use of my vehicle?
• Is a fancy paint job covered?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can provide invaluable advice.

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Car insurance coverage information

Learning about specific coverages of insurance can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Protection from uninsured/underinsured drivers – This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Toyota Camry.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.

Comprehensive (Other than Collision) – This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as a broken windshield, hitting a bird, vandalism, fire damage and a tree branch falling on your vehicle. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like backing into a parked car, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Liability car insurance – This provides protection from damage or injury you incur to other’s property or people in an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers claims such as funeral expenses, legal defense fees and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Medical expense insurance – Coverage for medical payments and/or PIP reimburse you for immediate expenses like X-ray expenses, ambulance fees, chiropractic care, prosthetic devices and EMT expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Quote more. Save more.

Insureds leave their current company for a variety of reasons including denial of a claim, not issuing a premium refund, being labeled a high risk driver and even policy cancellation. It doesn’t matter what your reason, finding a new insurance company can be easy and end up saving you some money.

In this article, we covered a lot of tips how to lower your 2014 Toyota Camry insurance premium rates. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the lowest premium rates are with the smaller companies.

As you quote insurance, it’s not a good idea to reduce needed coverages to save money. There are many occasions where someone dropped physical damage coverage only to discover later that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost, but don’t skip important coverages to save money.

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

• Booster Seat Ratings (iihs.org)
• Rental Car Insurance Tips (Insurance Information Insitute)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)

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