How Much Does 2003 Toyota Camry Insurance Cost?

Trying to find better insurance coverage rates? Buyers have lots of choices when searching for the lowest priced Toyota Camry insurance. They can either waste time calling around to get rate comparisons or save time using the internet to compare rates.

There are both good and bad ways to shop for insurance coverage so we’re going to tell you the proper way to get price quotes on a Toyota and locate the best price possible either online or from local insurance agents.

How much is insurance?

There are a variety of methods to shop for insurance, and some are less time-consuming than others. You could waste time discussing policy coverages with local insurance agents in your area, or you could save time and use the web to get rates in a matter of minutes.

Many insurance companies participate in an industry program that allows shoppers to send in one quote, and at least one company can provide price quotes based on the submitted data. This eliminates the need for quote forms for each company.

To compare rates using this form now click to open in new window.

One minor caviat to getting quotes like this is that consumers can’t choose which companies you want pricing from. If you would rather choose from a list of companies to compare, we have a page of companies who write insurance in your area. View list of insurance companies.

You can use whichever method you prefer to find lower rates, just be sure to compare exactly the same coverages and limits with every price quote. If the quotes have differing limits it will be very difficult to make a fair comparison for your Toyota Camry.

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How much auto insurance do I need?

When it comes to buying the best auto insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine whether or not you may require specific advice.

  • Is a blown tire covered by insurance?
  • Should I waive the damage coverage when renting a car?
  • Can I make deliveries for my home business?
  • Is my custom paint covered by insurance?
  • Do I need PIP (personal injury protection) coverage in my state?
  • How much underlying liability do I need for an umbrella policy?
  • Do I need replacement cost coverage?
  • How much can I save by bundling my policies?
  • How much liability do I need to cover my assets?
  • Do I need higher collision deductibles?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Specific coverages for a Toyota Camry

Having a good grasp of a insurance policy can help you determine the best coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Medical expense insurance – Medical payments and Personal Injury Protection insurance provide coverage for bills like rehabilitation expenses, EMT expenses, hospital visits, doctor visits and surgery. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers – This gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are similar to your liability insurance amounts.

Liability auto insurance – This provides protection from injuries or damage you cause to other people or property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as attorney fees, structural damage and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Collision coverages – Collision coverage will pay to fix damage to your Camry resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as crashing into a ditch, colliding with a tree, sideswiping another vehicle, driving through your garage door and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.

Comprehensive (Other than Collision) – This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from getting keyed, damage from flooding, hail damage and hitting a deer. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

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