Insurance for Toyota CamryWould you like to stop overpaying and find the cheapest Toyota Camry insurance in Vancouver? Trying to find low-cost insurance for your Toyota Camry in Washington can be a lot of work, but you can learn these tips and make it easy.

There are both good and bad ways to find car insurance online and you need to know the proper way to compare rates for a Toyota and find the lowest possible price either online or from Vancouver insurance agents.

If you have a policy now or just want cheaper rates, you can follow these tips to get lower rates while maximizing coverage. Finding the lowest cost insurance policy in Vancouver can be fairly easy. Comparison shoppers just need to understand the proper way to shop for insurance from many companies at once.

Lower the Price of Insurance with These Tips

Consumers need to have an understanding of some of the things that go into determining the price you pay for insurance. If you know what determines premiums, this allows you to make educated decisions that could help you find much lower annual insurance costs. Lots of things are considered when pricing auto insurance. Some are obvious such as your driving history, although some other factors are less obvious such as your marital status or your financial responsibility.

Pay more of a claim out-of-pocket - Insurance for physical damage, also called 'full coverage', covers damage that occurs to your Toyota. Examples of some claims that would be covered could be colliding with a building, damage caused by hail, or theft. Comp and collision deductibles state the amount of money you are willing to pay if you file a covered claim. The more damage repair cost you pay before a claim is paid (deductible), the better rate you will receive.

Do you need those add-on coverages? - Insurance companies have many extra bells and whistles that can waste your money when buying insurance. Insurance for rental car coverage, death and dismemberment, and motor club memberships may not be needed and are just wasting money. They may seem like a good idea when buying your policy, but if you've never needed them in the past eliminate the coverages to reduce your premium.

Big cities have higher premiums - Residing in areas with lower population is a good thing if you are looking for the lowest rates. Fewer drivers and short commutes means fewer accidents and a lower car theft rate. Urban drivers tend to have congested traffic and higher rates of accident claims. Spending more time driving means a statistically higher chance of an accident.

Drive lots and pay more - Driving a lot of miles in a year the more you'll pay to insure your vehicle. A lot of insurance companies calculate prices based upon how you use the vehicle. Cars not used for work or commuting qualify for better rates than vehicles that have high annual mileage. An incorrectly rated Camry may be costing you higher rates. It's always a good idea to double check that your insurance coverage correctly shows how each vehicle is driven, because it can save money.

High premiums for younger drivers - Inexperience drivers are statistically shown to be less responsible with other occupants in the car and because of this, their insurance rates are much higher. More mature drivers tend to be more responsible, tend to file fewer claims, and tend to be get fewer driving tickets.

Always have insurance - Driving without insurance coverage in place can get you a ticket and you will pay a penalty because you let your coverage lapse. And not only will your rates increase, being ticketed for driving with no insurance will get you a license revocation or jail time.

Liability insurance is important - Liability coverage kicks in when you are found liable for causing damage or personal injury in an accident. This coverage provides legal defense coverage which can be incredibly expensive. Liability is cheap when compared to the cost of physical damage coverage, so do not cut corners here.

Gender matters - Over the last 50 years, statistics have shown that females take fewer risks when driving. This data doesn't prove that men are worse drivers. Both sexes are in fender benders at about the same rate, but the male of the species have costlier accidents. In addition to higher claims, males also get higher numbers of serious violations like reckless driving and DUI. Young males tend to get in the most accidents so it costs more to insure them.

Toyota Camry historical loss data - Insurers factor in historical loss data to help calculate premium rates. Models that tend to have higher claim amounts or frequency will cost more for coverage. The data below shows the insurance loss data used by companies for Toyota Camry vehicles.

For each policy coverage, the claim amount for all vehicles averaged together is a value of 100. Values under 100 indicate a favorable loss history, while numbers shown that are more than 100 indicate higher probability of having a loss or an increased chance of a larger loss.

Insurance Loss Ratings for Toyota Camry Vehicles

Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Camry 110 94 102 148 145 107
Toyota Camry Hybrid 124 100 110 118 127 96

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

The auto insurance companies shown below can provide free quotes in Vancouver, WA. If multiple providers are shown, it's highly recommended you get prices from several of them to get the best price comparison.

Toyota Camry Insurance Rates in Vancouver, WA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $198 $390 $282 $16 $84 $970 $81
Camry SE $178 $384 $282 $16 $84 $944 $79
Camry XLE $252 $556 $398 $24 $120 $1,350 $113
Camry Hybrid $224 $458 $320 $18 $96 $1,116 $93
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Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Washington minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in specific location information which can raise or lower coverage rates substantially.

Cautious Vancouver drivers save money

The chart below illustrates how violations and at-fault claims can increase Toyota Camry auto insurance costs for each different age group. The premium estimates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are factored in.

Deductible analysis

The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The following tables may aid in understanding the price difference of buying low and high coverage deductibles. The first rate quote example uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Toyota Camry insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $228 $384 $294 $18 $88 $1,037 $86
Camry SE $228 $452 $294 $18 $88 $1,105 $92
Camry XLE $228 $452 $294 $18 $88 $1,105 $92
Camry Hybrid $258 $452 $334 $20 $100 $1,189 $99
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Toyota Camry insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $140 $242 $294 $18 $88 $782 $65
Camry SE $140 $284 $294 $18 $88 $824 $69
Camry XLE $140 $284 $294 $18 $88 $824 $69
Camry Hybrid $158 $284 $334 $20 $100 $896 $75
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Washington minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium amounts do not factor in specific location information which can affect coverage rates significantly.

Based on the above data, using a $250 deductible costs approximately $22 more each month or $264 annually than choosing the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 34 months between claims, you would more than likely save some money if you opt for a higher deductible. The table below illustrates how this calculation is made.

Average monthly premium for $250 deductibles: $92
Average monthly premium for $1,000 deductibles (subtract): - $70
Monthly savings from raising deductible: $22
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $22
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 34 months

One important caveat is that raising deductibles results in a higher out-of-pocket expense when you do file a claim. You will want to have some non-essential savings in order to pay the deductible.

Three main reasons to buy auto insurance

Despite the fact that auto insurance is not cheap in Vancouver, insuring your vehicle may be required for several reasons.

The benefits of having insurance definitely exceed the cost, especially when you need to use it. The average driver in Washington overpays more than $865 each year so compare quotes from several companies each time the policy renews to ensure rates are competitive.

Save with these rate reducing discounts

Not many people think insurance is cheap, but you may be missing some discounts to help offset the cost. Many discounts should be triggered when you complete an application, but some must be asked for before they will apply. If you do not check that you are getting every discount possible, you could be paying more than you need to.Save money with discounts

Discounts save money, but please remember that some credits don't apply to the overall cost of the policy. Most only reduce individual premiums such as physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, it doesn't quite work that way. Any qualifying discounts will bring down your overall premium however.

To see providers with the best Toyota Camry insurance discounts in Vancouver in Vancouver, click here.

Compare rate quotes but buy from a local Vancouver insurance agency

A small number of people just prefer to sit down with an agent and that is not a bad decision Most agents will help you protect your assets and help submit paperwork. One of the benefits of getting online price quotes is that you can find lower rates but also keep your business local. And supporting local insurance agents is definitely important in Vancouver.

After filling out this simple form, the quote information is immediately sent to insurance agents in Vancouver that can provide free Vancouver auto insurance quotes to get your business. You won't need to leave your house due to the fact that quote results will go straight to your inbox. If you need to get a comparison quote from one company in particular, just find their quoting web page and complete a quote there.

Exclusive and independent Vancouver car insurance agents

When looking for a local agent, there are two different types of agents and how they can quote your rates. Car insurance agencies can be described as either independent or exclusive depending on the company they work for. Either one can write car insurance policies, but it is important to understand the difference between them since it may influence the kind of agent you use.

Independent Insurance Agents

Agents that choose to be independent do not have single company limitations and that gives them the ability to insure with an assortment of companies and get you the best rates possible. If they find a cheaper price, the agent simply finds a different carrier without you having to go to a different agency. When comparing car insurance prices, you definitely need to get rate quotes from a couple of independent agencies to have the best price comparison. They also have the ability to place coverage with smaller companies which can be an advantage.

Listed below is a short list of independent agents in Vancouver that may be able to give free car insurance rate quotes.

More insurance agents

Exclusive Agencies

These type of agents can only provide pricing for a single company like State Farm, AAA, and Liberty Mutual. They are unable to provide rate quotes from other companies so they have to upsell other benefits. They receive a lot of sales training on what they offer and that allows them to sell at a higher price point. A lot of people buy insurance from these agents primarily because of the brand legacy rather than having the cheapest rates.

The following are exclusive insurance agents in Vancouver willing to provide comparison quotes.

More insurance agents

Choosing an insurance agent should depend on more than just the bottom line cost. Here are some questions to ask:

After talking to the agent and getting acceptable answers to any questions you have and an acceptable price quote, you may have found an insurance agent that is a good match to provide car insurance coverage. Keep in mind you can cancel a policy whenever you want so don't assume that you are obligated to a specific company indefinitely.

Tailor your insurance coverage to you

When choosing adequate coverage for your vehicles, there really isn't a best way to insure your cars. Your financial needs are unique.Higher deductibles save money

Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

If you can't answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It is quick, free and may give you better protection.

Cheap insurance premiums are possible

You just learned a lot of information how to shop for Toyota Camry insurance online. The key concept to understand is the more price quotes you have, the better your chances of lowering your prices. You may even be surprised to find that the lowest priced insurance comes from a small mutual company.

Some companies may not have rates over the internet and many times these small insurance companies only sell through independent insurance agents. Lower-priced insurance in Vancouver can be purchased both online as well as from independent agents in Vancouver, so you should be comparing quotes from both in order to have the best chance of saving money.

As you shop your coverage around, it's a bad idea to buy less coverage just to save a little money. There have been many situations where someone dropped collision coverage only to regret that the few dollars in savings costed them thousands. Your focus should be to get the best coverage possible at the best cost while not skimping on critical coverages.

To read more, take a look at the resources below: