2011 Toyota Camry Insurance Rates – 8 Discounts for Best Quotes

Drivers have many options when trying to find the best price on Toyota Camry insurance. They can either spend hours driving around getting price quotes or utilize the internet to compare rates. There are more efficient ways to compare auto insurance rates and you need to know the absolute fastest way to price shop coverage on a Toyota and obtain the lowest price from both online companies and local agents.

These eight discounts can cut auto insurance rates

Auto insurance companies don’t always publicize all available discounts very clearly, so the following is a list of both well-publicized and also the lesser-known credits available to you.

• Military Rewards – Being on active deployment in the military may lower your rates slightly.
• Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen less frequently and qualify for as much as a 10% discount.
• Smart Student Discounts – Excelling in school can be rewarded with saving of up to 25%. The good student discount can last up until you turn 25.
• One Accident Forgiven – but some companies like Progressive, State Farm and Geico permit an accident without getting socked with a rate hike if your claims history is clear for a certain period of time.
• New Vehicle Savings – Buying auto insurance coverage on a new vehicle can get you a discount due to better safety requirements for new vehicles.
• Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.
• Safety Restraint Discount – Drivers who require all occupants to use their safety belts may be able to save a few bucks off the medical payments premium.
• Discounts for Multiple Vehicles – Buying insurance for several vehicles with one company can get a discount for every vehicle.

Don’t be surprised that some credits don’t apply to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. Even though it appears all the discounts add up to a free policy, companies wouldn’t make money that way.

To locate companies that provide some of the discounts listed above, click this link.

When do I need an agent’s advice?

When buying coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s.

Here are some questions about coverages that may help you determine if you could use an agent’s help.

• Am I covered if I break a side mirror?
• Is my 2011 Toyota Camry covered for flood damage?
• When should I remove comp and collision on my 2011 Toyota Camry?
• Is a blown tire covered by insurance?
• Does liability extend to a camper or trailer?
• What is no-fault insurance?
• Is my dog or cat covered if injured in an accident?
• Does my personal policy cover me when driving out-of-state?
• Can I rent a car in Mexico?

If it’s difficult to answer those questions but a few of them apply then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form. It’s fast, doesn’t cost anything and can help protect your family.

Learn about insurance coverages for a 2011 Toyota Camry

Learning about specific coverages of your insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be confusing and coverage can change by endorsement.

Auto liability insurance – This coverage provides protection from injuries or damage you cause to a person or their property. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.

Liability coverage pays for claims such as bail bonds, repair bills for other people’s vehicles, loss of income, attorney fees and emergency aid. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for expenses for rehabilitation expenses, dental work, X-ray expenses, nursing services and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as scraping a guard rail, driving through your garage door, colliding with a tree, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as vandalism, fire damage and damage from flooding. The most your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Toyota Camry.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

At the end of the day…

You just learned many ways to lower your 2011 Toyota Camry insurance premium rates. It’s most important to understand that the more quotes you get, the higher the chance of saving money. Consumers may even find the best premium rates are with a lesser-known regional company.

As you quote insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, an accident victim reduced collision coverage to discover at claim time they didn’t purchase enough coverage. The aim is to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.

Consumers switch companies for a number of reasons such as lack of trust in their agent, policy non-renewal, policy cancellation and being labeled a high risk driver. It doesn’t matter what your reason, switching insurance companies is pretty simple and you could end up saving a buck or two.

Helpful information

• Rental Reimbursement Coverage (Allstate)
• Who Has Affordable Oakland Auto Insurance for a Toyota Camry? (OaklandInsure.com)
• Auto Theft Statistics (Insurance Information Insitute)
• Speed and Speed Limit FAQ (iihs.org)
• Young Drivers: The High Risk Years Video (iihs.org)
• Child Safety Seats (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)