Save on 2016 Toyota Camry Hybrid Insurance Rates

Finding the cheapest insurance for a new or used Toyota Camry Hybrid can turn out to be a painful process, but you can learn a few tricks to find lower rates. There are both good and bad ways to find car insurance online and we’ll show you the quickest way to price shop coverage for a new or used Toyota and locate the lowest possible price either online or from local insurance agents.

Consumers need to take a look at other company’s rates yearly because prices trend upward over time. Just because you had the lowest price on Camry Hybrid coverage at your last renewal a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because I’m going to let you in on the secrets to how to use online quotes to lower your rates without sacrificing coverage.

Finding the best rates is not that difficult. If you have a policy now or need new coverage, you can use these tips to find better prices while maintaining coverages. Consumers just need to know how to buy insurance coverage over the internet.

These discounts can cut insurance rates

Some insurers don’t list the complete list of policy discounts in a way that’s easy to find, so the following is a list of both the well known and also the lesser-known credits available to you. If they aren’t giving you every credit you deserve, you are throwing money away.

  • Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
  • Active Military Service – Having a family member in the military could trigger a small discount.
  • Discounts for Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off the PIP or medical payment premium.
  • Anti-theft System – Cars, trucks, and SUVs that have factory anti-theft systems are stolen less frequently and that can save you a little bit as well.
  • Defensive Driving Course – Participating in a class that teaches defensive driving techniques could save 5% or more and also improve your driving technique.
  • Driver’s Education for Students – Have your child enroll and complete driver’s education as it can save substantially.
  • Good Students Pay Less – Performing well in school may save you up to 25%. You can use this discount normally well after school through age 25.
  • Cautious Drivers – Insureds who avoid accidents may save up to 50% more on Camry Hybrid coverage compared to rates paid by drivers with frequent claims.
  • Distant Student – Youth drivers who live away from home to go to college and do not take a car to college can receive lower rates.
  • New Vehicle Savings – Buying a new car model can be considerably cheaper due to better safety requirements for newer vehicles.

Just know that many deductions do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as comp or med pay. Even though the math looks like you would end up receiving a 100% discount, you won’t be that lucky.

Insurance companies that have some of the above discounts are:

Check with all the companies to give you their best rates. Discounts may not apply in your area. If you would like to see a list of companies that offer some of these discounts, click here.

The quickest method to get rate comparisons utilizes the fact auto insurance companies participate in a system to give you rate quotes. All consumers are required to do is give them rating details such as what you do for a living, marital status, if you lease or own, and coverage limits. Those rating factors is sent automatically to multiple different insurance companies and they provide comparison quotes within a short period of time.

Toyota Camry Hybrid insurance premium factors

Many factors are considered when quoting car insurance. Some factors are common sense like your driving record, but other factors are not as apparent like your continuous coverage or how safe your car is.

Listed below are some of the most common factors companies use to determine premiums.

  • Driving citations inflate costs – How you drive has a lot to do with how much you pay for insurance. Drivers who don’t get tickets get better prices than people who have multiple driving citations. Even one moving violation can bump up the cost by twenty percent. Drivers with severe violations like DUI or reckless driving may find they need to maintain a SR-22 with their state’s licensing department in order to legally drive.
  • Good credit saves on insurance coverage – Having a bad credit score is likely to be a major factor in calculating your insurance coverage rates. Consumers who have very good credit scores tend to file fewer claims than drivers who have bad credit. So if your credit history leaves room for improvement, you could save money insuring your 2016 Toyota Camry Hybrid if you improve your credit rating.
  • Buy as much liability insurance as you can afford – The liability section of your policy is the protection if ever you are found liable for causing personal injury or damage in an accident. Liability provides for a legal defense which can cost a lot. Liability is cheap compared to physical damage coverage, so insureds should have plenty of protection for their assets.
  • Incidental coverages can add up – There are a ton of add-on coverages you can purchase but may not be useful. Coverage for things like roadside assistance, high-cost glass coverage, and extra life insurance coverage may be costing you every month. You may think they are a good idea when deciding what coverages you need, but if they’re wasting money remove them and pocket the money.
  • Gender matters – Over time, data shows women are more cautious behind the wheel. It does not mean men are worse drivers. Both genders tend to get into accidents at a similar rate, but males cause more damage and cost insurance companies more money. Not only are claims higher, but men get more serious tickets like driving under the influence (DUI).

When do I need an agent’s advice?

When it comes to buying coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s needs are different.

These are some specific questions can help discover if your insurance needs could use an agent’s help.

  • Am I covered when using my vehicle for business?
  • Should I sign the liability waiver when renting a car?
  • Does my 2016 Toyota Camry Hybrid qualify for pleasure use?
  • What if I total my 2016 Toyota Camry Hybrid and owe more than it’s worth?
  • Does coverage extend to Mexico or Canada?
  • Am I missing any policy discounts?
  • Are my friends covered when driving my 2016 Toyota Camry Hybrid?
  • Does having multiple vehicles earn me a discount?
  • How much liability insurance is required?
  • Am I covered by my spouse’s policy after a separation?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, free and may give you better protection.

The insurance coverage bait and switch

Consumers constantly see and hear ads for cheaper insurance coverage from the likes of State Farm and Allstate. All the ads advertise the message that you can save if you just switch your policy.

How can each company make almost identical claims? Here is how they do it.

Insurance companies are able to cherry pick for the type of customer that will add to their bottom line. For example, a profitable insured might have to be a female over age 40, has a clear driving record, and drives a safe vehicle. Any customer that meets those criteria may get the lowest rates and most likely will cut their rates if they switch.

Potential customers who do not meet this stringent profile will have to pay higher premium rates which results in the driver buying from a lower-cost company. If you listen to the ad wording, they say “customers that switch” not “everyone who quotes” save the amount stated. That is how insurance companies can confidently make the claims of big savings. Because of the profiling, you need to get price quotes at each policy renewal. It’s just too difficult to predict which company will have the best rates.

The coverage is in the details

Learning about specific coverages of your policy helps when choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive coverages

This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims like fire damage, a tree branch falling on your vehicle, falling objects and vandalism. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.

Coverage for medical payments

Med pay and PIP coverage kick in for short-term medical expenses for surgery, dental work, hospital visits and pain medications. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Collision insurance

This coverage pays to fix your vehicle from damage caused by collision with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things such as damaging your car on a curb, driving through your garage door, rolling your car, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from older vehicles. You can also bump up the deductible to bring the cost down.

Coverage for liability

This coverage can cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU from legal claims by others. Liability 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 policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability coverage protects against things like pain and suffering, attorney fees, emergency aid, repair bills for other people’s vehicles and bail bonds. How much coverage you buy is up to you, but you should buy higher limits if possible.

A tidy conclusion

We just showed you quite a bit of information on how to compare 2016 Toyota Camry Hybrid insurance premium rates online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your prices. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.

Consumers leave their current company for a variety of reasons including an unsatisfactory settlement offer, denial of a claim, poor customer service or delays in responding to claim requests. It doesn’t matter why you want to switch switching companies is pretty simple and you could end up saving a buck or two.

Lower-priced 2016 Toyota Camry Hybrid insurance can be purchased online and with local insurance agents, and you should compare price quotes from both so you have a total pricing picture. A few companies do not provide rates over the internet and these regional insurance providers prefer to sell through independent insurance agencies.

More detailed car insurance information is located at these sites: