1994 Toyota Camry Price and Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Apr 12, 2022

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Trying to find low-cost insurance for your 1994 Toyota Camry can turn out to be an all-consuming task, but you can learn our car insurance buying tips and make it easy. There are both good and bad ways to compare car insurance rates and you need to know the quickest way to compare rates for your Toyota and find the best price possible either online or from local insurance agents.

You should make it a habit to price shop coverage once or twice a year since rates fluctuate regularly. Even if you think you had the best price on a 1994 Toyota Camry coverage a couple years back you will most likely find a better rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out the fastest way to eliminate unnecessary coverages and save money.

Finding Car Insurance Deals

Lowering your 1994 Toyota Camry car insurance rates can be quick and easy. Consumers just need to spend a few minutes on the computer comparing rate quotes from different insurance companies. This can be accomplished using a couple different methods.

  1. The first (and easiest) way to get the best comparison quotes is a comparison rater form click to view form in new window. This easy form saves time by eliminating repetitive form entry for each company. Filling out one form gets rate comparisons from multiple companies. It’s definitely the quickest method.
  2. A harder way to obtain and compare quotes online is to take the time to go to each individual company website and complete a new quote form.

It’s your choice how you get your quotes, but make darn sure you compare identical coverage information with every price quote. If you are comparing different limits and deductibles on each one it’s not possible to determine the lowest insurance price for your 1994 Toyota Camry.

Discounts are great for lower rates

Auto insurance companies do not advertise all their discounts very well, so here is a list some of the best known and the harder-to-find discounts you could be receiving. If you don’t get every credit possible, you’re just leaving money on the table.

  • Life Insurance – Companies who offer life insurance give lower rates if you buy auto and life insurance together.
  • Low Mileage – Keeping the miles down on your 1994 Toyota Camry can qualify you for lower rates on the low mileage vehicles.
  • Defensive Driving Course – Taking part in a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Payment Discounts – If you pay your entire premium ahead of time instead of paying each month you could save up to 5%.
  • Discounts for Safe Drivers – Safe drivers may save up to 50% more on 1994 Toyota Camry coverage than drivers with accident claims.
  • Club Memberships – Participating in a qualifying organization may earn a discount when shopping for insurance coverage on Camry coverage.

It’s important to understand that some credits don’t apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comp or med pay. So when the math indicates you can get free auto insurance, it just doesn’t work that way.

You may need specialized coverage

When it comes to choosing proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

These are some specific questions might point out whether you might need an agent’s assistance.

  • What is the minimum liability in my state?
  • When should I drop full coverage on my 1994 Toyota Camry?
  • What is an SR-22 filing?
  • Is there coverage for injuries to my pets?
  • What is PIP insurance?
  • Where can I find high-risk insurance?
  • When do I need to add a new car to my policy?
  • What vehicles should carry emergency assistance coverage?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form. It is quick, free and may give you better protection.

Toyota Camry insurance premiums are calculated by many factors

An important part of buying insurance is that you know the different types of things that help determine insurance coverage rates. When you know what positively or negatively influences your rates enables informed choices that may reward you with big savings.

  • Choose a safe vehicle and save – Cars with high safety ratings are cheaper to insure. Safer cars result in less severe injuries and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders. If your Toyota Camry scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Your car’s features help determine rates – Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your vehicle from being stolen.
  • Don’t get talked into coverage you don’t need – There are a ton of add-on coverages that you can get tricked into buying on your insurance coverage policy. Things like vanishing deductibles, accidental death and motor club memberships may be wasting your money. They may seem good when you first buy your policy, but if you don’t need them remove them from your policy.
  • Where you live can impact rates – Choosing to live in small towns and rural areas can save you money when buying insurance coverage. Fewer drivers means fewer accidents. Drivers in populated areas tend to have traffic congestion and much longer commute distances. Longer commute distances translates into higher accident risk.
  • Mature drivers pay less – Teen drivers have a tendency to get distracted easily in a vehicle so insurance coverage rates are higher. Mature drivers are more responsible, statistically cause fewer accidents and are safer drivers.
  • Where do you drive? – The more you drive in a year the higher your rate. Most companies charge to insure your cars determined by how the vehicle is used. Cars used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. Double check that your insurance coverage policy is showing the correct driver usage. If your policy improperly rates your Camry can cost quite a bit.

Beware of misleading insurance ads

Consumers get pounded daily by advertisements for cheaper car insurance by companies like Progressive, Allstate and GEICO. All the ads say the same thing that you’ll save big if you change to them.

But how can every company make the same claim? It’s all in the numbers.

Insurance companies can use profiling for the type of driver that earns them a profit. A good example of a profitable customer might be a mature driver, insures multiple vehicles, and drives less than 10,000 miles a year. A customer who fits that profile is entitled to the best price and is almost guaranteed to save quite a bit of money when switching.

Drivers who don’t measure up to this ideal profile will have to pay higher rates and ends up with business not being written. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can make those claims. Because of the profiling, you absolutely need to compare many company’s rates. Because you never know which insurance companies will fit your personal profile best.

Specific coverage details

Learning about specific coverages of a insurance policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Uninsured and underinsured coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 1994 Toyota Camry.

Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive coverages

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as fire damage, a broken windshield, hail damage, damage from a tornado or hurricane and theft. The maximum amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Collision protection

Collision coverage will pay to fix damage to your Camry resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like scraping a guard rail, driving through your garage door and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.

Auto liability insurance

This protects you from injuries or damage you cause to other’s property or people in an accident. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.

Liability can pay for claims such as repair bills for other people’s vehicles, structural damage, loss of income and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for immediate expenses like ambulance fees, X-ray expenses, doctor visits and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Better coverage you can count on

In this article, we presented some good ideas how you can compare 1994 Toyota Camry insurance prices online. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even discover the most savings is with the smaller companies.

Consumers switch companies for many reasons like not issuing a premium refund, delays in responding to claim requests, high rates after DUI convictions and questionable increases in premium. Regardless of your reason for switching companies, finding a great new company is not as hard as you think.

As you shop your coverage around, make sure you don’t reduce needed coverages to save money. There are a lot of situations where someone sacrificed uninsured motorist or liability limits to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

References:

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