1997 Toyota Camry Insurance Cost

Locating low-cost insurance for a new or used Toyota Camry can be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to compare insurance coverage rates so you’re going to learn the quickest way to compare rates for a new or used Toyota and locate the cheapest rates either online or from local insurance agents.

It’s a good idea to do rate comparisons on a regular basis due to the fact that insurance rates tend to go up over time. Despite the fact that you may have had the best deal for Camry coverage a year ago you may be paying too much now. Block out anything you think you know about insurance coverage because we’re going to demonstrate the proper way to eliminate unnecessary coverages and save money.

If you have a policy now or need new coverage, you can use this information to shop for the lowest rates and still get good coverage. Buying affordable coverage is simple if you know the tricks. Drivers just need to understand the proper methods to shop for car insurance online.

Pieces of the Toyota Camry insurance rate puzzle

Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that could result in big savings.

  • Do you have enough liability coverage? – Liability coverage is the protection if ever you are found to be at fault for personal injury or accident damage. Liability provides legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • Men fork out a little more – The statistics show women tend to be less risk to insure than men. However, this does not mean women are better drivers. Both sexes have accidents in similar percentages, but the men have costlier accidents. Men also statistically get cited for more serious violations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and therefore are the most expensive to insure.
  • Never allow your policy to lapse – Driving your car without having proper coverage is a misdemeanor and you will pay a penalty because you let your coverage have a gap. And not only will insurance be more expensive, but being ticketed for driving with no insurance might get you a license revocation or jail time.
  • An active claims history can cost you – Insurance companies generally give cheaper rates to policyholders who do not rely on their insurance for small claims. If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for the large, substantial claims.
  • Your stress level may be raising your rates – Jobs such as judges, architects and stock brokers have the highest rates attributed to job stress and long work hours. On the other hand, occupations such as farmers, students and retirees get better rates for Camry coverage.
  • How credit affects auto insurance rates – Credit history is a important factor in calculating your auto insurance rates. So if your credit score is not that good, you could pay less to insure your 1997 Toyota Camry by improving your rating. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers who have lower credit scores.

Discounts are available to cut your rates

Companies that sell car insurance don’t always advertise all available discounts in an easy-to-find place, so the following is a list of both the well known and also the lesser-known auto insurance savings. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Accident Waiver – A handful of insurance companies will allow you to have one accident before raising your premiums as long as you don’t have any claims for a set time period.
  • Low Mileage Discounts – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Driver’s Ed – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • Discount for Swiching Early – A few companies offer discounts for buying a policy prior to your current policy expiration. The savings is around 10%.
  • Theft Prevention Discount – Vehicles with anti-theft systems can help prevent theft and earn discounts up to 10%.

Drivers should understand that most discount credits are not given the the whole policy. Most only apply to the cost of specific coverages such as comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, companies wouldn’t make money that way.

For a list of providers with discount auto insurance rates, follow this link.

Everyone needs different coverages

When it comes to choosing coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions might point out whether your personal situation might need professional guidance.

  • Does my 1997 Toyota Camry need full coverage?
  • Should I put collision coverage on all my vehicles?
  • What is high-risk coverage and where do I buy it?
  • Is my custom paint covered by insurance?
  • What is UM/UIM insurance?
  • Can I afford low physical damage deductibles?
  • Do I have coverage when using my vehicle for my home business?

If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, complete this form. It only takes a few minutes and can help protect your family.

Auto insurance coverages 101

Having a good grasp of your auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Auto liability

Liability coverage protects you from damage that occurs to a person or their property in an accident. This insurance protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage pays for things like medical services, funeral expenses, attorney fees and structural damage. How much coverage you buy is up to you, but buy higher limits if possible.

Comprehensive protection

Comprehensive insurance coverage pays for 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 things such as vandalism, damage from flooding, a broken windshield and fire damage. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for collisions

This coverage covers damage to your Camry caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as colliding with a tree, backing into a parked car, sideswiping another vehicle and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 1997 Toyota Camry.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Medical expense coverage

Med pay and PIP coverage reimburse you for immediate expenses for things like dental work, prosthetic devices and hospital visits. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not universally available and may carry a deductible

Save for a rainy day

As you restructure your insurance plan, don’t be tempted to reduce needed coverages to save money. There have been many cases where an insured cut physical damage coverage only to discover later that they should have had better coverage. Your aim should be to buy enough coverage at the best price while not skimping on critical coverages.

Throughout this article, we presented a lot of ways to compare 1997 Toyota Camry insurance prices online. It’s most important to understand that the more companies you get rates for, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with the smaller companies.

Insureds leave their current company for any number of reasons including denial of a claim, policy cancellation, being labeled a high risk driver or policy non-renewal. Whatever your reason, finding a great new company is not as difficult as it may seem.

Helpful articles