Lower Your 2007 Toyota Camry Solara Insurance Rates

Trying to find the cheapest car insurance rates for your Toyota Camry Solara? Are you tired of robbing Peter to pay Paul to keep your car insured? You are in the same boat as many other drivers. Because there are so many choices, it can be challenging to find the best insurance company.

Learn how to lower your insurance prices

The best way to find cheaper car insurance is to take a look at a few of the rating criteria that play a part in calculating the level of your policy premiums. If you understand what controls the rates you pay, this allows you to make good choices that will entitle you to lower car insurance prices. Lots of factors are part of the calculation when quoting car insurance. Some are obvious such as traffic violations, but other factors are less apparent like where you live or your commute time.

Listed below are some of the most rate-impacting factors used by companies to determine premiums.

  • Credit rating impacts costs – A driver’s credit rating is a big factor in determining premium rates. If your credit rating is low, you could be paying less to insure your 2007 Toyota Camry Solara if you clean up your credit. Insureds with excellent credit tend to file fewer claims and have better driving records than those with lower credit scores.
  • Married drivers pay lower costs – Having a significant other can actually save you money compared to being single. Having a spouse demonstrates that you tend to be more responsible and insurance companies like that drivers who are married file infrequent claims.
  • Don’t cancel your coverage without a new one in place – Having a lapse in insurance coverage will be a guaranteed way to drive up your policy premiums. And not only will insurance be more expensive, not being able to provide proof of insurance might get you a hefty fine and possibly a revoked license.
  • Alarm systems lowers car insurance rates – Driving a car that has an advanced theft prevention system can help bring down rates. Advanced theft deterrents such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping auto theft and help lower rates.
  • High physical damage deductibles equal low rates – Deductibles for physical damage tell how much you are willing to pay before a claim is paid by your company. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Examples of some claims that would be covered are colliding with a stationary object, collision with a deer, and damage caused by road hazards. The more money the insured has to pay upfront, the less money you will pay for car insurance on Camry Solara coverage.
  • Location can influence price – Living in a small town has definite advantages when talking about car insurance. Drivers who live in large cities tend to have more auto accidents and more severe claims. Fewer drivers and short commutes translates into fewer accidents and a lower car theft rate.
  • Better rates on cars with good safety ratings – Cars with high safety ratings tend to have lower insurance rates. Safe vehicles reduce the chance of injuries and better occupant protection means less money paid by your insurance company and thus lower rates. If your Toyota Camry Solara is rated at least four stars on Safercar.gov you may be receiving a better rate.
  • Car insurance rates and your occupation – Did you know your car insurance rates can be affected by your occupation? Jobs like military personnel, executives and financial analysts generally have higher premiums than the average policyholder because of intense work situations and incredibly demanding work hours. On the flip side, jobs such as scientists, engineers and retirees pay the least on Camry Solara coverage.

Buy insurance coverage online

Performing a rate comparison can be a lot of work if you don’t utilize the fastest way to get free quotes. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you can utilize the web to get rates in a matter of minutes.

Most car insurance companies participate in an industry program that enables customers to enter their coverage request one time, and each company can provide price quotes for coverage. This saves time by eliminating quote forms to each company.

To compare pricing click here to open in new window.

The single downside to using this type of form is buyers cannot specifically choose which insurance companies to get pricing from. So if you want to choose from a list of companies for rate comparison, we have a listing of the cheapest insurance coverage companies in your area. Click to view list.

How you compare quotes is your choice, just be sure to compare the exact same information with each company. If you enter different limits and deductibles on each one you will not be able to make an equal comparison.

Are you receiving every discount?

Insurance can cost an arm and a leg, but you can get discounts that you may not know about. Certain credits will be shown at the time you complete a quote, but a few must be manually applied before you get the savings.

  • Save over 55 – Drivers that qualify as senior citizens may receive reduced rates on Camry Solara coverage.
  • Good Student Discount – A discount for being a good student can be rewarded with saving of up to 25%. The good student discount can last up to age 25.
  • Multi-policy Discount – If you have multiple policies and insure them both with the same insurance company you could save nearly 15% which can help you find low cost insurance.
  • Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up before driving can save a little on the medical payments or PIP coverage costs.
  • Discount for New Cars – Putting coverage on a new car can get you a discount since newer vehicles are generally safer.
  • ABS and Traction Control Discounts – Cars and trucks equipped with ABS or steering control are safer to drive and will save you 10% or more.
  • Organization Discounts – Belonging to a civic or occupational organization could trigger savings on your next renewal.
  • Drive Less and Save – Low annual miles can earn slightly better prices than normal.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags or automatic seat belts can get savings of 20 to 30 percent.

It’s important to note that most credits do not apply to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. Even though the math looks like adding up those discounts means a free policy, companies don’t profit that way.

Auto insurance companies that may include these money-saving discounts include:

When getting a coverage quote, ask each insurance company which credits you are entitled to. All car insurance discounts may not be offered in every state.

When in doubt talk to an agent

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that. For example, these questions can help discover if your situation may require specific advice.

  • Should I have combined single limit or split liability limits?
  • Is a new car covered when I drive it off the dealer lot?
  • How much underlying liability do I need for an umbrella policy?
  • Is business equipment covered while in my vehicle?
  • Do I benefit by insuring my home with the same company?
  • Do I need higher collision deductibles?
  • Am I covered when driving on a suspended license?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.

Auto insurance policy specifics

Learning about specific coverages of a auto insurance policy can help you determine the best coverages for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages available from auto insurance companies.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Toyota Camry Solara.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like pain medications, doctor visits, prosthetic devices and hospital visits. They are utilized in addition to your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible

Coverage for collisions

This pays to fix your vehicle from damage caused by 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 insurance covers claims like sideswiping another vehicle, colliding with a tree and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible to get cheaper collision coverage.

Comprehensive coverages

Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like hitting a deer, a tree branch falling on your vehicle and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Auto liability insurance

Liability insurance protects you from damage or injury you incur to people or other property. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability insurance covers things like pain and suffering, funeral expenses, loss of income, repair costs for stationary objects and attorney fees. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.

And the best car insurance company is…

When trying to cut insurance costs, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many cases where drivers have reduced uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

Throughout this article, we presented many tips how you can lower your 2007 Toyota Camry Solara insurance premium rates. It’s most important to understand that the more companies you get prices for, the higher your chance of finding low cost insurance. You may be surprised to find that the best premium rates are with a smaller regional carrier. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like State Farm and Allstate.

To read more, feel free to browse the following helpful articles: