Affordable Rate Quotes for Toyota Camry Insurance in Toledo

Sad but true, the vast majority of drivers have been with the same company for a minimum of four years, and just under half have never shopped around. Ohio consumers could save 55% each year just by comparing rates, but they just assume it’s a time-consuming process to compare rate quotes.

The preferred way to quote cheaper car insurance rates is to do an annual price comparison from different companies who sell insurance in Toledo. You can compare rates by following these guidelines.

• First, take a few minutes and learn about the coverage provided by your policy and the measures you can take to prevent rate increases. Many things that cause high rates like high-risk driving behaviors and a bad credit score can be remedied by making lifestyle changes or driving safer. This article gives additional ideas to get cheaper rates and find discounts that may have been missed.
• Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO and State Farm, while independent agencies can quote rates from many different companies.
• Third, compare the quotes to your current policy to determine if you can save on Camry insurance. If you find a better price, make sure there is no coverage gap between policies.

The critical component of shopping around is to make sure you’re comparing the same coverage limits and deductibles on every quote and and to get quotes from as many companies as you can. This guarantees an accurate price comparison and a thorough price selection.

If you are insured now, you will be able to reduce the price you pay using the techniques presented in this article. This information will instruct you on how car insurance quotes work and how to save the most money. But Ohio vehicle owners need to learn the way companies determine what you pay and use this information to your advantage.

Auto insurance analysis for a Toyota Camry

The premium table shown next covers a range of prices for Toyota Camry models. Having insight into how policy rates are figured can assist in making smart choices when comparing insurance quotes.

Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Price information does not factor in specific location information which can alter premiums substantially.

Can higher deductibles save money?

A question often asked by Toledo drivers is at what level do you set your deductibles. The premium rates below approximate the difference in cost between low and high coverage deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Premium amounts do not factor in specific location which can decrease or increase coverage rates greatly.

We can estimate from the data above that using a $250 deductible costs an average of $18 more each month or $216 each year than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 42 months between claims, you would probably come out ahead if you choose a higher deductible.

The example below demonstrates how deductibles and can affect Toyota Camry insurance premiums for each different age group. The rate quotes are based on a married female driver, comprehensive and collision coverage, and no discounts are factored in.

Six Things That Impact Your Insurance Rates

Many factors are part of the equation when you quote your car insurance policy. Some factors are common sense such as your driving history, although others are more obscure such as your marital status or how safe your car is.

The itemized list below are some of the things utilized by car insurance companies to help set prices.

• Always keep your insurance in force – Allowing your coverage to lapse will be a fast way to pay more for insurance. Not only will you pay more, not being able to provide proof of insurance will get you fines or a revoked license. You will then be forced to prove you have insurance by filing a SR-22 with the Ohio motor vehicle department.
• Coverage deductibles are a factor – Physical damage deductibles represent how much money you are required to spend if the claim is covered. Coverage for physical damage, also called comprehensive and collision insurance, protects your car from damage. A few examples of covered claims are rear-ending another vehicle, hail damage, and having a roll-over accident. The more of the claim the insured has to pay upfront, the less your company will charge you for insurance.

• Insurance rates and age – Teen drivers in Ohio are statistically shown to be inattentive and easily distracted when driving and because of this, their insurance rates are much higher. Adding a first-time driver onto a policy can increase premiums substantially. Older, more experienced drivers have been proven to be more responsible, file fewer claims, and usually have better credit.

  The following chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

• Liability insurance limits should be high – The liability coverage on your policy is the protection if ever you are determined to be liable for physical damage or personal injury to other. It provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
• Cheaper insurance rates using alarm systems – Selecting a car model that has a built-in theft deterrent system can help lower your premiums. Anti-theft devices such as OnStar, LoJack tracking, and tamper alarms help track and prevent your car from being stolen.
• Do you really need the add-on coverages? – Policies have extra bells and whistles that can waste your money if you aren’t diligent. Coverages like personal injury protection, accident forgiveness, and additional equipment coverage may be wasting your money. These may sound like a good investment at first, but your money might be better spent on other coverage so consider taking them off your policy.

• Toyota Camry claim probability – Insurers include the past claim history for a vehicle when they calculate premium rates for each model. Models that statistically have higher loss trends will cost more to insure. The next table shows the loss history for Toyota Camry vehicles.

  For each coverage type, the loss probability for all vehicles, as an average, equals 100. Numbers under 100 mean the vehicle has better than average losses, while values over 100 indicate more frequent losses or an increased likelihood of larger losses.

  
  

  Toyota Camry Insurance Claim Statistics

  Specific Toyota Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Camry	110	94	102	148	145	107
  Toyota Camry Hybrid	124	100	110	118	127	96

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Best auto insurance company in Ohio

Ending up with a good quality company can be difficult considering how many companies sell insurance in Ohio. The company rank data shown below could help you decide which auto insurance companies you want to consider purchasing coverage from.

Top 10 Toledo Car Insurance Companies Overall

1. USAA
2. 21st Century
3. GEICO
4. Nationwide
5. AAA Insurance
6. Liberty Mutual
7. Safeco Insurance
8. State Farm
9. Travelers
10. American Family

One last thing to lower rates

In this article, we covered some good ideas how you can lower your Toyota Camry insurance car insurance rates in Toledo. The most important thing to understand is the more companies you get premium rates for, the better your chances of lowering your premium rates. You may even find the lowest car insurance rates come from some of the lesser-known companies.

When trying to cut insurance costs, you should never skimp on critical coverages to save a buck or two. In too many instances, someone dropped comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. Your goal should be to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Insureds who switch companies do it for a variety of reasons including policy cancellation, denial of a claim, not issuing a premium refund and even unfair underwriting practices. No matter why you want to switch, finding a great new company can be easier than you think.

More tips and info about auto insurance can be read at these sites:

• Teen Driving Statistics (iihs.org)
• Who Has Affordable Toledo Auto Insurance for Infrequent Drivers? (FAQ)
• Who Has the Cheapest Car Insurance for Ride Shares in Toledo? (FAQ)
• What Car Insurance is Cheapest for a Honda Civic in Toledo? (FAQ)
• What Insurance is Cheapest for a Dodge Ram in Toledo? (FAQ)
• Medical Payments Coverage (Liberty Mutual)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• Liability Insurance Coverage (Nationwide)