Cheaper 2002 Toyota Camry Car Insurance Quotes

Buyers have a choice when searching for low-cost Toyota Camry insurance. They can either spend hours contacting agents to compare prices or use the internet to compare rates.

There are both good and bad ways to compare insurance rates so we’re going to tell you the quickest way to get price quotes on a Toyota and find the lowest price either online or from local insurance agents.

If you have a policy now or are looking for a new policy, you will benefit by learning to get lower rates while maintaining coverages. The purpose of this post is to tell you how car insurance quotes work and some tricks to saving. Consumers just need to know the proper way to shop for insurance over the internet.

Ways to get car insurance rate quotes

There are a variety of methods to compare car insurance prices but there is one way that is easier and takes less work. You can waste a few hours (or days) driving to insurance companies in your area, or you could use online quotes to quickly compare rates.

Most major companies participate in an industry program that enables customers to enter their coverage request one time, and every company provides a quote determined by their information. This saves time by eliminating form submissions to every company. To participate in this free quote system, click here to open in new window.

One minor caviat to using this type of form is that consumers can’t choose the providers to receive prices from. If you would rather choose specific insurance companies to receive pricing from, we have a page of the cheapest car insurance companies in your area. Click to view list.

Whichever way you use, make sure you compare equivalent coverage information on every price quote you get. If your comparisons have different values for each quote it’s impossible to make an equal comparison.

Does car insurance advertising bend the truth?

Consumers constantly see and hear ads that claim the cheapest rates from companies such as 21st Century, Allstate and State Farm. They all seem to have a common claim that drivers will save a bundle just by switching to them.

How does every company offer drivers better rates? It’s all in how they say it.

Car insurance companies quote their best rates for the type of driver they prefer to insure. An example of a profitable insured could possibly be between the ages of 40 and 55, has no claims, and the vehicle is rated for pleasure use. Any new insured who matches that profile receives the best premium rates and will also save if they switch.

People who may not quite match the ideal profile will be charged higher prices which translates to the customer buying from a different company. The trick is to say “customers who switch” but not “everyone who gets a quote” save that much when switching. That is how insurance companies can confidently advertise the savings.

This really emphasizes why you really should compare rate quotes every year. It’s just too difficult to predict which car insurance company will fit you best based on your risk profile.

Do you qualify for discounts?

Some insurance providers don’t always list every available discount in a way that’s easy to find, so the below list has both well-publicized in addition to some of the lesser obvious credits that you can use to lower your rates.

  • Driving Data Discount – People who choose to allow driving data collection to study driving habits remotely such as Drivewise from Allstate or Snapshot from Progressive may get a rate reduction if they are good drivers.
  • Full Payment Discount – By making one initial payment instead of monthly or quarterly installments you can avoid monthly service charges.
  • Paperwork-free – Some larger companies provide a small discount simply for signing over the internet.
  • Federal Government Employee – Being employed by or retired from a federal job may qualify for a discount when you quote insurance for Camry insurance with a few insurance coverage companies.
  • Multi-car Discount – Buying insurance for multiple cars on a single policy can reduce rates for all insured vehicles.
  • Bundled Policy Discount – If you combine your homeowners and auto policies and insure them with the same company you could get a discount of over 10 percent off each policy depending on the company.

You can save money using discounts, but some of the credits will not apply the the whole policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, insurance companies wouldn’t stay in business. But all discounts will help lower your policy cost.

A few of the larger companies and their offered discounts are detailed below.

  • American Family may offer discounts for defensive driver, air bags, multi-vehicle, mySafetyValet, early bird, accident-free, and good driver.
  • Nationwide has savings for defensive driving, business or organization, Farm Bureau membership, multi-policy, good student, and family plan.
  • MetLife may have discounts that include good driver, claim-free, multi-policy, accident-free, good student, defensive driver
  • 21st Century may include discounts for homeowners, good student, teen driver, driver training, early bird, and air bags.
  • Farmers Insurance offers discounts including bundle discounts, electronic funds transfer, mature driver, youthful driver, good student, alternative fuel, and multi-car.
  • Allstate offers premium reductions for early signing, eSmart discount, farm vehicle, passive restraint, and auto/life discount.

If you are trying to find cheap insurance quotes, ask every insurance company which discounts they offer. Some credits may not apply in your area. If you would like to view insurers who offer free insurance coverage quotes, click here to view.

Don’t assume everyone needs the same car insurance coverage

When choosing adequate coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is unique.

For example, these questions can aid in determining whether your personal situation could use an agent’s help.

  • Do I have newly-aquired coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Should I have a commercial auto policy?
  • Is extra glass coverage worth it?
  • Is motorclub coverage worth it?
  • What can I do if my company won’t pay a claim?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

Educate yourself about insurance coverages

Understanding the coverages of your policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Toyota Camry.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for expenses for things like pain medications, EMT expenses, doctor visits and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Comprehensive auto coverage

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, rock chips in glass, fire damage and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability coverage

This coverage protects you from damage or injury you incur to other people or property by causing an accident. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims like bail bonds, medical expenses, court costs, loss of income and emergency aid. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Collision coverage

This coverage will pay to fix damage to your Camry from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like hitting a mailbox, hitting a parking meter, damaging your car on a curb and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

In the end, you save

More affordable insurance is attainable from both online companies and from local insurance agents, and you need to comparison shop both to get a complete price analysis. A few companies may not provide price quotes online and many times these smaller providers provide coverage only through independent insurance agents.

As you shop your coverage around, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your objective should be to get the best coverage possible for the lowest cost while not skimping on critical coverages.

We just presented some good ideas how to compare 2002 Toyota Camry insurance car insurance rates online. The key concept to understand is the more providers you compare, the higher your chance of finding the cheapest insurance. Consumers could even find that the biggest savings come from a smaller regional carrier.

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