2000 Toyota Camry Car Insurance Cost – 7 Ideas for Cheapest Prices

Want lower car insurance rates for your Toyota Camry? When trying to find lower-priced insurance, are you intimidated by the sheer number of car insurance sources in your area? vehicle owners have such a vast assortment of sources available that it can easily turn into a lot of work to find the lowest price.

Consumers should take time to do price comparisons occasionally because prices change frequently. Just because you found the best rates for Camry coverage last year the chances are good that you can find a lower premium rate today. Ignore everything you know about car insurance because I’m going to let you in on the secrets to how to use the internet to lower your rates without sacrificing coverage.

How much is car insurance?

Shopping for lower car insurance rates can take hours if you don’t utilize the fastest way to get free quotes. You can waste hours driving to agents in your area, or you can utilize the internet to get pricing more quickly.

Most major companies participate in an industry program where insurance shoppers send in one quote, and every company then returns a price quote based on that data. This prevents consumers from doing repetitive form submissions for every car insurance company.

To find out how much you can save on car insurance click here to start a free quote.

The only downside to using this type of form is you are unable to specify the companies you will receive quotes from. So if you want to choose from a list of companies to compare rates, we have a listing of car insurance companies in your area. Click here for list of insurance companies.

However you get your quotes, make darn sure you compare the same information on every price quote you get. If you compare differing limits it will be nearly impossible to truly determine the lowest rate. Just slight variations in insurance coverages or limits can mean a large discrepancy in price. And when price shopping your coverage, obtaining a wide range of quotes will enable you to find a lower rate than you’re paying now. Not every company provides price estimates online, so you need to compare quotes from those companies as well.

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Cheaper rates with these seven discounts

Some companies don’t always list all their discounts in a way that’s easy to find, so we researched some of the more common as well as some of the hidden credits available to bring down your rates.

• Drive Less and Save – Maintaining low annual mileage could be rewarded with discounted prices on garaged vehicles.
• ABS Braking Discount – Cars with anti-lock braking systems can reduce accidents and will save you 10% or more.
• College Student Discount – Older children who live away from home at college without a vehicle on campus can receive lower rates.
• Discounts for Good Drivers – Insureds without accidents may receive a discount up to 45% for Camry coverage compared to rates paid by drivers with frequent claims.
• Multiple Policy Discount – If you can combine your home and auto policy with one insurance company you may save 10% to 20% off each policy.
• Driver’s Ed – Make teen driver coverage more affordable by requiring them to sucessfully take a drivers education course in high school.
• Professional Memberships – Joining qualifying clubs or civic groups is a good way to get lower rates on insurance.

Discounts reduce rates, but you should keep in mind that some of the credits will not apply to the entire cost. Most only cut the cost of specific coverages such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, you aren’t that lucky. Any qualifying discounts will lower your overall premium however.

If you would like to view insurers with significant discounts, click here.

Insurance can be complex

When it comes to buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

These are some specific questions might point out whether or not you would benefit from an agent’s advice.

• Will my vehicle be repaired with OEM or aftermarket parts?
• Do I really need UM/UIM coverage?
• How many claims can I have before being cancelled?
• Am I covered when driving in Canada or Mexico?
• Is my trailer covered?
• Do I get a pro-rated refund if I cancel my policy early?
• Is my nanny covered when driving my vehicle?
• What companies insure drivers after a DUI or DWI?
• Do I need higher collision deductibles?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Coverages available on your policy

Having a good grasp of a car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Collision insurance

This pays for damage to your Camry from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like hitting a parking meter, scraping a guard rail, crashing into a building, backing into a parked car and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. You can also bump up the deductible in order to get cheaper collision rates.

Liability

This coverage can cover damage that occurs to a person or their property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things such as attorney fees, court costs, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford.

Uninsured or underinsured coverage

This gives you protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your Toyota Camry.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important. Normally the UM/UIM limits do not exceed the liability coverage limits.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as doctor visits, chiropractic care, surgery and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive protection

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, vandalism, fire damage and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Summing up your insurance search

While you’re price shopping online, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, someone dropped full coverage only to discover later that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage for the lowest price, but do not skimp to save money.

Lower-priced insurance can be bought on the web as well as from insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies may not have internet price quotes and most of the time these regional carriers prefer to sell through independent insurance agents.

Drivers who switch companies do it for any number of reasons including poor customer service, policy cancellation, lack of trust in their agent and questionable increases in premium. Regardless of your reason for switching companies, finding a new company can be less work than you think.

To read more, feel free to visit the resources below:

• Event Data Recorders FAQ (iihs.org)
• Who Has Cheap Tulsa Auto Insurance for a Toyota Camry? (TulsaCoverage.com)
• Who Has the Cheapest Memphis Auto Insurance Quotes for a Toyota Camry? (MemphisCoverage.com)
• Auto Insurance Learning Center (State Farm)
• Parking Tips to Reduce Door Dings (State Farm)
• What is Covered by GAP Insurance? (Allstate)
• Auto Crash Statistics (Insurance Information Insitute)
• Think You’re a Safe Driver? (State Farm)

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