Finding affordable insurance for a Toyota Camry is fairly easy, but it depends on many factors such as age of the driver, your claims history, and driving citations. Drivers pay approximately $964 each year to insure their Camry, but that cost is an estimation based upon a 50-year-old married female driver with full coverage and $250 deductibles.
There’s a high likelihood you aren’t exactly 50 years old or even a female, possibly single instead of married, and maybe your Camry is older and does not require full coverage. Having just a slight change in the rating criteria used to formulate rates can result in a massive change in the cost of insurance.
Insurance is an individual thing, so the only way to find cheap insurance prices for your Toyota is to compare as many rates as possible. Quotes are always free and you can get prices from some of the best insurers that sell coverage in Texas.
The trim level of your Camry will influence the annual cost of coverage, so the cost to insure a Camry LE will cost $166 less than the insurance cost for the more costly Camry Hybrid model, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can affect rates noticeably.
Choosing the highest-rated car insurance company can be challenging considering how many companies are available to choose from in Texas. The ranking information listed below may help you pick which auto insurance companies you want to consider comparing rates with. The rankings below include companies that insure vehicles across America, so companies that only write business in Texas or surrounding areas will not be included in this list.
Top 10 Major Auto Insurance Companies Overall in Arlington
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Major Auto Insurance Companies in Arlington Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Drive responsibly or pay higher rates
In a perfect world, the ideal way to snag good insurance prices for a Camry is to be a careful driver and avoid tickets and accidents. The information below illustrates how traffic citations and at-fault fender-benders increase auto insurance costs for different age groups. The costs are based on a married female driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in Texas per year with no accidents or violations is $1,447. Add in two speeding tickets and the average cost swells to $2,046, an increase of $598 each year. Then throw in two accidents along with the two speeding tickets and the 12-month cost of insurance for a Toyota Camry jumps again to an average of $4,546. That’s an increase of $3,099, or $258 per month, just for not being a responsible driver!
The benefit of shopping around
Arlington insurance rates are calculated based on many things that may substantially change the price of coverage. Simply getting older, filing a claim, or getting a driving violation can trigger rate changes that can make some companies cheaper than before.
In addition to those changes, insurers change premium rates every year or even multiple times each year to adjust for gains or losses. A period of increased losses can cause more expensive prices, while lower claim levels can result in lower-cost Camry insurance rates.
For example, the bar chart below shows the company with the cheapest car insurance in Arlington, TX for a 35-year-old male driver with no prior claims, no tickets, and a decent credit rating. If we look at prices based on his personal risk profile, Travelers may offer the best car insurance rates in Arlington at $1,104 each year. This is $800 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the cheapest Arlington, TX auto insurance companies.
Let’s now give the driver from the first rate comparison an at-fault accident, a lower credit rating, and a couple of points charged on his driving record. Due to the fact that every insurance company has their own unique process for filing rates in each state, analyzing rate quotes could result in a completely different list of the cheapest car insurance companies in Arlington as shown below.
State Farm now has the cheapest insurance rate in Arlington, TX with Mercury, USAA, Nationwide, and Safe Auto completing the list. This example shows why Arlington drivers need to compare as many rates as possible when trying to find the lowest car insurance rates for a Toyota Camry. Rates are made up of many things and can decrease or increase without notice, so the cheapest company the last time you shopped around may now be one of the more expensive options.