Cheap 2008 Toyota Camry Insurance Cost

Trying to find better car insurance rates for your Toyota Camry? Buying cheap car insurance online is challenging for people who are new to buying insurance on the web. Since there are so many companies in the marketplace, how can consumers effectively compare them all to find the best available price?

It’s a good habit to price shop coverage quite often because insurance rates are rarely the same from one policy term to another. Despite the fact that you may have had the lowest rates on Camry coverage a year ago you can probably find a better price now. So forget all the misinformation about car insurance because I’m going to teach you the fastest way to save on car insurance.

If you currently have a car insurance policy, you stand a good chance to be able to save some money using these tips. This article will familiarize you with the most effective way to quote insurance and some tips to save money. But vehicle owners can benefit from knowing the methods companies use to market on the web.

Comprehensive Auto Insurance Comparison

There are several ways to compare Toyota Camry auto insurance prices but there is one way that is less labor-intensive and much quicker. You can spend countless hours driving to agents in your area, or you could use online quotes to quickly compare rates.

Most of the best insurance companies participate in an industry program that enables customers to enter their coverage request one time, and each company then returns a price quote. This prevents consumers from doing repetitive form submissions to each individual auto insurance company.

To get comparison pricing now click here to open in new window.

The only downside to using this type of form is you don’t know exactly the insurers to receive prices from. So if you want to choose individual companies for rate comparison, we put together a list of the cheapest auto insurance companies in your area. Click to view list.

Which method you use is up to you, but double check that you are using the exact same coverages and limits for every quote you compare. If you are comparing different limits and deductibles on each one it’s impossible to determine the lowest rate for your Toyota Camry. Just a small difference in limits could mean much higher rates. And when quoting auto insurance, remember that quoting more helps locate better pricing.

How to save on Toyota Camry insurance

The cost of insuring your cars can be expensive, but you may find discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of purchase, but less common discounts must be inquired about before being credited.

  • New Car Discount – Adding a new car to your policy can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Service Members Pay Less – Being deployed with a military unit could be rewarded with lower premiums.
  • Life Insurance – Some companies give a break if you buy auto and life insurance together.
  • Government Employees – Being employed by or retired from a federal job may qualify you for a discount on Camry coverage depending on your company.
  • Anti-theft System – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.

Drivers should understand that most discounts do not apply to the entire policy premium. Some only reduce individual premiums such as comp or med pay. So even though they make it sound like all those discounts means the company will pay you, auto insurance companies aren’t that generous. But any discount will bring down the cost of coverage.

For a list of companies offering auto insurance discounts, follow this link.

Tailor your coverage to you

When buying the right insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Everyone’s situation is unique.

For example, these questions may help highlight whether you would benefit from professional advice.

  • Does medical payments coverage apply to all occupants?
  • If I drive on a suspended license am I covered?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does insurance cover tools stolen from my truck?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need replacement cost coverage on my 2008 Toyota Camry?
  • Should I waive the damage coverage when renting a car?
  • Are my friends covered when driving my car?
  • What is no-fault insurance?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form.

Lesser-known factors impacting Toyota Camry insurance rates

Consumers need to have an understanding of some of the elements that come into play when calculating your insurance rates. Understanding what influences your rates empowers consumers to make smart changes that could result in lower insurance prices.

The list below includes some of the factors used by your company to calculate premiums.

  • Do you have a high stress job? – Did you know your insurance rates can be affected by your occupation? Careers like judges, business owners and dentists have the highest average rates attributed to high stress levels and long work days. Other occupations like scientists, historians and homemakers get better rates on Camry coverage.
  • Policy add-ons can waste money – There are many add-on coverages that you can get tricked into buying when buying insurance. Things like personal injury protection, accidental death and motor club memberships may be wasting your money. They may seem like a good idea when you first buy your policy, but if you don’t need them remove them from your policy.
  • Marriage pays dividends – Getting married helps lower the price when buying insurance. Having a spouse is viewed as being more mature and responsible it has been statistically shown that being married results in fewer claims.
  • Do you know you’re credit rating? – A driver’s credit history is a huge factor in your rate calculation. If your credit is not that good, you could pay less to insure your 2008 Toyota Camry by repairing your credit. Consumers who have high credit ratings tend to be less risk to insure than those with lower credit scores.
  • Equipment add-ons that lower insurance rates – Driving a car that has an advanced theft prevention system can help bring down rates. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.
  • Rate your vehicle for proper use – Driving more miles in a year the more you will pay for insurance. Almost all companies price each vehicle’s coverage based on how the vehicle is used. Cars not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. An improperly rated Camry may be wasting your money. Ask your agent if your insurance coverage is showing the proper vehicle usage.

Specific coverages for a 2008 Toyota Camry

Knowing the specifics of car insurance aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Toyota Camry.

Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical expense coverage

Medical payments and Personal Injury Protection insurance kick in for bills for things like ambulance fees, rehabilitation expenses, prosthetic devices and EMT expenses. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision insurance

Collision coverage covers damage to your Camry resulting from a collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like backing into a parked car, hitting a parking meter, damaging your car on a curb, crashing into a building and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive protection

This coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like hail damage, a tree branch falling on your vehicle, falling objects and damage from getting keyed. The most a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Auto liability insurance

Liability insurance can cover injuries or damage you cause to people or other property in an accident. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against claims such as medical expenses, medical services and loss of income. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.

Save your hard earned cash

People change insurance companies for any number of reasons including delays in paying claims, poor customer service, policy non-renewal or even extreme rates for teen drivers. No matter why you want to switch, choosing a new company is pretty easy and you might even save some money in the process.

Throughout this article, we presented quite a bit of information on how to save on 2008 Toyota Camry insurance. The key concept to understand is the more providers you compare, the better likelihood of reducing your rate. Consumers may even find the lowest rates come from a company that doesn’t do a lot of advertising.

Low-cost insurance can be found on the web in addition to many insurance agents, so compare prices from both to get a complete price analysis. Some companies do not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.

Additional information