Affordable Toyota Camry Insurance in Arlington

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It's a known fact that car insurance companies don't want their customers to go rate shopping. People who compare other rates are inclined to buy a different policy because there is a high probability of finding a more affordable policy premium. A recent insurance study revealed that consumers who made a habit of comparing rates saved approximately $3,450 over four years compared to people who never shopped for cheaper rates.

If finding budget-friendly rates on insurance in Arlington is your objective, then knowing the best way to quote and compare insurance can help simplify the process.

Discount Toyota Camry insuranceTo save the most money, the best way to get low-cost Toyota Camry insurance is to annually compare prices from insurance carriers who can sell car insurance in Arlington. You can compare prices by completing these steps.

First, learn about coverages and the factors you can control to keep rates low. Many rating factors that result in higher rates like traffic violations, accidents, and an unfavorable credit rating can be amended by making lifestyle changes or driving safer.

Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple companies.

Third, compare the new quotes to your existing policy and see if you can save money. If you find a lower rate quote and switch companies, make sure there is no lapse in coverage.

Fourth, provide adequate notice to your current company of your intent to cancel your existing policy. Submit a down payment and signed policy application to the newly selected company. When you receive it, keep your new proof of insurance certificate with your registration paperwork.

One thing to point out is that you'll want to make sure you compare similar limits and deductibles on each quote request and and to analyze as many carriers as you can. Doing this enables a fair rate comparison and and a good selection of different prices.

Locating the best rates in Arlington is much easier if you have a good place to start. If you're already insured or need a new policy, take advantage of these tips to reduce the price you pay without reducing protection. Smart buyers only need an understanding of how to quote multiple rates online.

The easiest way to compare car insurance company rates for Toyota Camry insurance in Arlington takes advantage of the fact auto insurance companies allow for online access to give you rate quotes. To start a quote, the only thing you need to do is give the companies some data such as the type of vehicles you drive, if you require a SR-22, your education level, and any included safety features. The rating information is instantly submitted to many different companies and you will get price comparisons immediately.

To compare multiple company lower-cost Toyota Camry insurance rates now, click here and complete the quick form.

The companies shown below are ready to provide free quotes in Arlington, TX. If multiple companies are listed, it's highly recommended you click on several of them to get the best price comparison.

Rates and other information

The price information shown below covers a range of insurance prices for Toyota Camry models. Having insight into how insurance policy premiums are figured is important for you to make decisions on which insurance to purchase.

Toyota Camry Insurance Rates in Arlington, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $288 $570 $462 $28 $138 $1,486 $124
Camry SE $288 $672 $462 $28 $138 $1,588 $132
Camry XLE $288 $672 $462 $28 $138 $1,588 $132
Camry Hybrid $326 $672 $520 $30 $156 $1,704 $142
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Prices do not factor in specific zip code location which can modify rates substantially.

Physical damage deductibles: Should you raise them?

One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The data tables below may help you to understand the difference in cost when you select higher and lower coverage deductibles. The first pricing table uses a $250 deductible and the second set of prices 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 $294 $496 $382 $22 $114 $1,333 $111
Camry SE $294 $584 $382 $22 $114 $1,421 $118
Camry XLE $294 $584 $382 $22 $114 $1,421 $118
Camry Hybrid $332 $584 $430 $26 $128 $1,525 $127
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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 $182 $312 $382 $22 $114 $1,012 $84
Camry SE $182 $368 $382 $22 $114 $1,068 $89
Camry XLE $182 $368 $382 $22 $114 $1,068 $89
Camry Hybrid $206 $368 $430 $26 $128 $1,158 $97
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Price information does not factor in specific location information which can lower or raise insurance rates greatly.

We can derive from the above data that using a $250 deductible will cost you approximately $29 more each month or $348 for a full year across all Toyota Camry models than requesting the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 26 months between claim filings, you would come out ahead by selecting a higher deductible. Here is an example of how you can do this calculation yourself.

Average monthly premium for $250 deductibles: $119
Average monthly premium for $1,000 deductibles (subtract): - $90
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

The illustration below illustrates how your choice of deductibles and can affect Toyota Camry insurance costs for different age groups. The premiums assume a married female driver, full physical damage coverage, and no discounts are applied to the premium.

How careless driving impacts Arlington insurance rates

The illustration below demonstrates how speeding tickets and at-fault claims can influence Toyota Camry insurance rates for different categories of driver ages. Data assumes a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.

Full coverage rates vs. liability-only in Arlington

The chart below illustrates the comparison of Toyota Camry auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims or driving violations, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop buying full coverage

There is no exact rule of when to exclude physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then it might be time to buy liability only.

For example, let's pretend your Toyota Camry replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $7,000 after the policy deductible has been paid. If premiums are more than $700 annually for physical damage coverage, then you might consider buying liability only.

There are some cases where eliminating full coverage is not in your best interest. If you still owe money on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you can't afford to buy a different vehicle if your current one is damaged, you should not eliminate full coverage.

How Your Camry Insurance Costs are Determined

Many things are part of the equation when pricing auto insurance. Some of the criteria are obvious like a motor vehicle report, although some other factors are not quite as obvious such as whether you are married and annual miles driven.

Teenage drivers pay high premiums - Teen drivers in Texas are statistically proven to be less responsible in a vehicle therefore auto insurance rates are much higher. If you've ever had to add a beginning driver to your policy can really hurt. More experienced drivers are proven to be safer behind the wheel, file fewer claims, and get fewer tickets.

The following data uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

Never let your auto insurance policy expire - Having a gap between insurance policy dates is a quick way to increase your renewal premiums. Not only will you pay higher rates, the inability to provide proof of insurance can result in a fine, jail time, or a revoked license.

Safety ratings are a factor - Vehicles with high crash test scores tend to be cheaper to insure. Vehicles built for safety result in less severe injuries and fewer serious injuries translates directly to fewer claims and more competitive rates for policyholders. If your Toyota has ratings of a minimum four stars on Safercar.gov or an "acceptable" rating on iihs.org it may be receiving lower rates.

Location can impact price - Being located in smaller towns and rural areas of the country is a good thing if you are looking for the lowest rates. Fewer drivers and short commutes translates into fewer accidents in addition to lower liability claims. Urban drivers have more auto accidents and longer commutes to work. The longer drive time means more chance of being in an accident.

Do you save by driving less? - The higher the mileage driven in a year the more you will pay for auto insurance. Many insurance companies charge to insure your cars based upon how you use the vehicle. Cars left parked in the garage get more affordable rates compared to those used for work or business. Improper usage on your Camry can cost quite a bit. Make sure your policy reflects the correct usage.

Premiums for guys may be higher - Over time, data shows women tend to be less risk to insure than men. That doesn't necessarily mean that males are worse at driving than females. Both genders cause auto accidents at a similar rate, but males cause more damage. Men also statistically have more aggressive citations like DUI and reckless driving. Teenage male drivers are the most expensive to insure and therefore have the most expensive auto insurance rates.

The information below illustrates the comparison of Toyota Camry premium costs for male and female drivers. The premium estimates are based on no driving violations, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

Poor credit decisions can cost you - Your credit history can be an important factor in determining what you pay for auto insurance. If your credit history can use some improvement, you could pay less to insure your Toyota Camry by repairing your credit. Insureds that have excellent credit tend to be better drivers and file fewer claims than those with lower ratings.

Cheaper rates after marriage - Getting married may cut your premiums compared to being single. Having a spouse means you're more mature and responsible and insurance companies reward insureds because being married results in fewer claims.

Toyota Camry insurance loss probability - Companies analyze past claim statistics as a way to help calculate a profitable premium rate. Models that the data determines to have higher claim frequency or loss amount will have a higher premium rate. The table below illustrates the collected loss data for Toyota Camry vehicles.

For each insurance policy coverage type, the claim probability for all vehicles combined as an average is represented as 100. Values under 100 indicate better than average losses, while numbers that are greater than 100 indicate more frequent claims or an increased chance of a larger loss.

Auto Insurance Loss Data for Toyota Camry Models
Make and 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
BETTER
AVERAGE
WORSE

Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

Three reasons to insure your Toyota vehicle

Even though Arlington Camry insurance rates can get expensive, insuring your vehicle is required by state law in Texas and it also provides benefits you may not be aware of.

  • The majority of states have compulsory liability insurance requirements which means the state requires a specific level of liability protection in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your vehicle, almost all lenders will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank will be required to insure your Toyota at a much higher rate and force you to reimburse them a much higher amount than you were paying before.
  • Auto insurance protects your vehicle and your assets. It will also provide coverage for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If you have damage to your Toyota as the result of the weather or an accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance are without a doubt worth the cost, particularly for liability claims. As of last year, the average driver in Texas overpays as much as $820 a year so you should quote your policy with other companies at least once a year to save money.