2006 Toyota Camry Car Insurance Cost – 10 Savings Tips

Trying to find the cheapest insurance coverage rates for your Toyota Camry? Cutting costs on insurance coverage is always hard for drivers new to quoting coverage prices online. With so many options of companies competing online, it can quickly become a real hassle to locate the lowest price.

The most recommended method to get policy rate comparisons is to understand most of the bigger providers participate in a system to give you rate quotes. All consumers are required to do is give them some information such as driver ages, if you went to college, the make and model of your vehicles, and how much you drive. Those rating factors is then submitted to many of the top insurers and you get price estimates quickly.

Auto insurance companies offer many types of discounts

Auto insurance is expensive, but discounts can save money and there are some available that could help you make your next renewal payment. Certain discounts will be triggered automatically when you get a quote, but lesser-known reductions have to be requested specifically in order for you to get them.

• Driver Education Discount – Have your child enroll and complete driver’s education in school or through a local driver safety program.
• Buy New and Save – Buying a new car instead of a used car may earn a small discount because newer vehicles keep occupants safer.
• Fewer Miles Equal More Savings – Keeping the miles down on your Toyota could earn substantially lower rates.
• More Vehicles More Savings – Buying insurance for primary and secondary vehicles with the same company can reduce the rates for all insured vehicles.
• One Accident Forgiven – Not necessarily a discount, but a handful of insurance companies will let one accident slide without raising rates as long as you don’t have any claims for a specific time period.
• Own a Home – Just being a homeowner can save a few bucks due to the fact that maintaining a home means you have a higher level of financial diligence.
• Senior Citizen Rates – If you qualify as a senior citizen, you could receive a discount up to 10% on Camry coverage.
• Passive Restraint Discount – Options like air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.
• Paper-free Discount – Certain auto insurance companies will give you a small discount for buying a policy and signing up on your computer.
• Switch and Save Discount – A few auto insurance companies offer discounts for buying a new policy prior to the expiration date on your current policy. The savings is around 10%.

A little note about advertised discounts, some of the credits will not apply to the entire cost. Most only reduce the cost of specific coverages such as medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, that’s just not realistic.

Popular auto insurance companies and some of the premium reductions they offer are shown below.

• Geico has discounts for federal employee, military active duty, emergency military deployment, defensive driver, seat belt use, and multi-vehicle.
• MetLife policyholders can earn discounts including multi-policy, accident-free, defensive driver, claim-free, good driver, good student
• State Farm discounts include safe vehicle, student away at school, Drive Safe & Save, passive restraint, driver’s education, good driver, and multiple policy.
• Progressive includes discounts for homeowner, continuous coverage, multi-vehicle, good student, online quote discount, and online signing.
• Mercury Insurance may include discounts for low natural disaster claims, good student, ease of repair, type of vehicle, accident-free, location of vehicle, and multi-policy.
• 21st Century offers discounts including air bags, early bird, good student, student driver, teen driver, and defensive driver.
• Allstate offers discounts for passive restraint, senior citizen, good student, defensive driver, anti-theft, and safe driver.

When quoting, ask every company which discounts they offer. Some credits might not apply everywhere. If you would like to see a list of auto insurance companies offering auto insurance discounts, click here to view.

Do I just need basic coverages?

When it comes to buying the right insurance coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s.

For instance, these questions could help you determine whether you may require specific advice.

• Does my 2006 Toyota Camry qualify for pleasure use?
• Does my medical payments coverage pay my health insurance deductible?
• Do I need special endorsements for business use of my vehicle?
• Will my rates increase for filing one claim?
• Is there coverage for injuries to my pets?
• Is a blown tire covered by insurance?
• Should I waive the damage coverage when renting a car?
• Can I get a multi-policy discount?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance coverage specifics

Knowing the specifics of your policy helps when choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and coverage can change by endorsement.

Comprehensive insurance

This covers damage caused by mother nature, theft, vandalism and other events. 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 a broken windshield, hitting a bird, damage from a tornado or hurricane, theft and fire damage. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.

Liability coverage

This coverage protects you from damages or injuries you inflict on a person or their property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as funeral expenses, court costs, repair costs for stationary objects and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.

Collision protection

This covers damage to your Camry resulting from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims like hitting a parking meter, sideswiping another vehicle and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for short-term medical expenses for things like chiropractic care, nursing services, dental work and hospital visits. The coverages can be 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 as well as being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Toyota Camry.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.