How Much Does 2008 Toyota Camry Car Insurance Cost?

Searching for better auto insurance rates? Consumers have a choice when looking for the best price on Toyota Camry insurance. You can either waste hours struggling with agents trying to get quotes or use the internet to find the lowest rates.

There is a right way and a wrong way to compare auto insurance rates so you’re going to learn the best way to get price quotes for your Toyota and find the cheapest rates.

It’s smart to do rate comparisons periodically because prices trend upward over time. Just because you had the lowest rates on Camry insurance six months ago you can probably find a better premium rate now. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the fastest and easiest way to lower your rates without sacrificing coverage.

Get lower-cost car insurance rates with discounts

Car insurance can be pricey, but there could be significant discounts that can drop the cost substantially. Some of these disounts will be visible at quote time, but a few need to be specially asked for in order for you to get them.

  • ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes have fewer accidents so companies give up to a 10% discount.
  • Save over 55 – Drivers over the age of 55 can get a small decrease in premiums on Camry insurance.
  • Driver Education Discount – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class in school or through a local driver safety program.
  • One Accident Forgiven – Not really a discount, but companies like Progressive, State Farm and GEICO will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims for a set time period.
  • E-sign – A handful of companies will discount your bill up to fifty bucks for buying your policy over the internet.
  • Smart Student Discounts – Excelling in school can get you a discount of up to 25%. The good student discount can last until age 25.
  • Distant Student Discount – Older children who live away from home to go to college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Bundled Policy Discount – If you combine your homeowners and auto policies with one company you may earn 10% to 20% off each policy.
  • Low Mileage – Driving fewer miles could earn discounted prices on garaged vehicles.
  • Employee of Federal Government – Being employed by or retired from a federal job could provide a small rate reduction on Camry insurance with select insurance companies.

As a sidenote, some of the credits will not apply to the overall cost of the policy. Most only apply to specific coverage prices like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, it doesn’t quite work that way.

To find insurers who offer free car insurance quotes, click here to view.

Smart buyers can save money

Multiple criteria are used in the calculation when you get a price on insurance. Some are pretty understandable such as your driving history, although others are less apparent like your continuous coverage or how financially stable you are.When buying car insurance it’s important to understand some of the factors that come into play when calculating car insurance rates. If you have some idea of what impacts premium levels, this enables you to make decisions that could result in cheaper rates.

The items below are some of the items that factor into rates.

  • Add-on coverages push up prices – There are a lot of additional extra coverages that you can buy but may not be useful. Add-on coverages like vanishing deductibles, accident forgiveness, and term life insurance are examples of these. They may seem good when you first buy your policy, but if you have no use for them consider taking them off your policy.
  • Gender matters – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Women and men cause at-fault accidents in similar percentages, but the males cause more damage. Not only that, but men also receive more major tickets such as reckless driving.
  • File a claims and pay more – Auto insurance companies provide lower rates to drivers who are claim-free. If you are the type of insured that files lots of claims you can pretty much guarantee either higher rates or even cancellation. Your insurance policy is intended to be relied upon for the large, substantial claims.
  • More traffic equals higher prices – Living in areas with lower population has it’s advantages when insuring your vehicles. Fewer drivers and short commutes means less chance of accidents and also fewer theft and vandalism claims. People in densly populated areas regularly have congested traffic and a longer drive to work. Spending more time driving means a statistically higher chance of an accident.
  • Lower rates for safer vehicles – Safe vehicles are cheaper to insure. These vehicles reduce injuries and better occupant protection means less claims paid which can mean better rates for you. If the Toyota Camry is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
  • Youthful drivers cost more – Older drivers have been proven to be more responsible, tend to file fewer claims and tend to be get fewer driving tickets.Young drivers have been known to be inattentive and easily distracted when driving with friends therefore car insurance rates are much higher.
  • Never let your policy expire – Allowing your coverage to lapse will be a sure-fire way to increase your renewal premiums. Not only will you pay more, being ticketed for driving with no insurance could earn you fines or a revoked license.

Tailor your insurance coverage coverage to you

When buying proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

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

  • What is PIP insurance?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I need added coverage for expensive stereo equipment?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Is my Toyota Camry covered if I use it for business?
  • I have a DUI can I still get coverage?
  • Am I covered if I hit a deer?
  • Does my personal policy cover me when driving out-of-state?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, fill out this quick form. It’s fast, free and can provide invaluable advice.

Advertising myths

Consumers constantly see and hear ads that claim the best premium rates from companies such as GEICO, State Farm and Progressive. All the ads tend to make the same promise that people will save if you just switch to their company.

How does every company say the same thing? It’s all in the wording.

Different companies quote the lowest rates for the right customer that will not have excessive claims. A good example of this type of risk profile may need to be between the ages of 30 and 45, has a clean driving record, and has a short commute. Anyone that fits those parameters receive the lowest rate quotes and therefore will save a lot if they switch.

Insureds who fall short of the ideal profile may be forced to pay higher premiums and ends up with business not being written. Company advertisements say “customers who switch” but not “all drivers who get quotes” save that much money. That is how companies can make those statements.

Because each company has a different risk profile, drivers must do a quote comparison often. You cannot predict which auto insurance company will give you the biggest savings.

Car insurance specifics

Learning about specific coverages of car insurance can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement.

Liability coverages

Liability insurance protects you from damages or injuries you inflict on other people or property that is your fault. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability can pay for things like structural damage, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for pain medications, doctor visits, EMT expenses and X-ray expenses. They can be utilized in addition to your health insurance plan or if you do not have health coverage. It covers you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision coverage protection

This will pay to fix damage to your Camry caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as sustaining damage from a pot hole, crashing into a ditch and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like fire damage, damage from a tornado or hurricane, damage from getting keyed, falling objects and vandalism. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your 2008 Toyota Camry.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are set the same as your liablity limits.

Do the work, save more money

Discount 2008 Toyota Camry insurance is possible on the web and with local insurance agents, and you need to comparison shop both to have the best selection. Some insurance providers do not offer rate quotes online and these small, regional companies provide coverage only through independent agents.

We covered quite a bit of information on how to save on 2008 Toyota Camry insurance. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. You may be surprised to find that the best price on insurance coverage is with the smaller companies.

When trying to cut insurance costs, do not buy poor coverage just to save money. There have been many situations where an insured cut collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at the best price.

For more information, feel free to visit the resources below: