1997 Toyota Camry Insurance Rates – 10 Savings Tips

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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: May 12, 2022

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Having to pay for overpriced Toyota Camry insurance can dwindle your checking account and make it impossible to make ends meet. Comparison shopping is free and is an excellent way to make sure you’re not throwing money away. Numerous insurers battle to insure your vehicles, so it’s not easy to compare every insurance company to get the lowest price

It is always a good idea to get comparison quotes at least once a year because insurance rates change regularly. Despite the fact that you may have had the best deal for Camry coverage two years ago you will most likely find a better rate today. There is a lot of wrong information about insurance coverage online, so we’re going to give you some great ways to put money back in your pocket.

If you have insurance now or are shopping for new coverage, you will benefit by learning to cut your premiums while maximizing coverage. Choosing the best insurance company for you is not that difficult. Drivers just need to understand the most effective way to get comparison rates online.

How to Get Car Insurance Comparison Quotes

Finding a better price on car insurance is surprisingly easy. You just need to invest a little time getting comparison quotes online from several insurance companies. This can be accomplished in a couple of different ways.

  1. The easiest and least time consuming way to compare a lot of rates at once would be an industry-wide quote request form like this one (opens in new window). This method eliminates the need for separate quotes for every car insurance company. Taking the time to complete one form will return quotes instantly.
  2. A different way to find lower rates requires a trip to the website for each individual company to complete a price quote. For sake of this example, let’s say you want to compare rates from Liberty Mutual, State Farm and GMAC. To find out each rate you need to spend time on each company’s site and enter your information, and that’s why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

  3. The least recommended method of getting rate comparisons is to waste gas driving to and from local insurance agencies. Shopping for car insurance online has reduced the need for local agents unless you prefer the professional advice only provided by licensed agents. However, consumers can get the lowest quotes online but still have the advice of a local agent.

It’s your choice how you get your quotes, but compare apples-to-apples coverage limits and deductibles for each price quote. If you use different values for each quote then you won’t be able to make an equal comparison.

Don’t miss these ten discounts

Companies that sell car insurance do not advertise all their discounts very well, so the following is a list of both the well known as well as the least known savings tricks you should be using. If you don’t get every credit possible, you are paying more than you should be.

  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
  • Early Switch Discount – A few companies offer discounts for switching policies before your current policy expires. It’s a savings of about 10%.
  • Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less for Camry coverage than drivers with accidents.
  • Club Memberships – Belonging to certain professional organizations is a good way to get lower rates when shopping for insurance for Camry coverage.
  • Driver Safety – Successfully completing a defensive driving course could possibly earn you a 5% discount if you qualify.
  • Save with a New Car – Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • Sign Online – Some insurance companies will discount your bill up to fifty bucks simply for signing over the internet.
  • Homeowners Savings – Being a homeowner may trigger a insurance policy discount because of the fact that having a home is proof that your finances are in order.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Senior Discount – Mature drivers may qualify for a small decrease in premiums for Camry coverage.

It’s important to note that most of the big mark downs will not be given the whole policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way.

Car insurance companies that may offer these benefits include:

Double check with each company what discounts are available to you. All car insurance discounts might not apply in your state.

When might I need help?

When it comes to choosing coverage, there isn’t really a perfect coverage plan. Every situation is different so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs could use an agent’s help.

  • If I drive on a suspended license am I covered?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I need an umbrella policy?
  • Why do I only qualify for high-risk insurance?
  • Will filing a claim cost me more?
  • What is covered by UM/UIM coverage?

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.

The fine print in insurance ads

Consumers constantly see and hear ads that promise big savings by GEICO, State Farm and Progressive. All the ads say the same thing that you can save if you change to their company.

But how can every company make the same claim? This is how they do it.

Different companies have a preferred profile for the type of driver that makes them money. A good example of a preferred risk might be between the ages of 40 and 55, owns a home, and has a short commute. A customer who fits that profile receives the best rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t measure up to the “perfect” profile will be quoted higher prices and this can result in the customer not buying. The ads say “people who switch” but not “drivers who get quotes” save money. That is how companies can truthfully claim big savings. This emphasizes why drivers should get a wide range of price quotes. It’s just too difficult to predict which company will fit your personal profile best.

Learn about insurance coverages for a Toyota Camry

Understanding the coverages of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the normal coverages available from insurance companies.

Comprehensive coverage

Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like damage from getting keyed, vandalism, hail damage, rock chips in glass and hitting a deer. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Auto liability

This coverage protects you from damage that occurs to a person or their property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged property.

Liability coverage protects against things like medical expenses, attorney fees, loss of income, emergency aid and medical services. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for expenses like nursing services, chiropractic care and funeral costs. They are often utilized in addition to your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Collision protection

Collision insurance covers damage to your Camry resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision insurance covers things like sustaining damage from a pot hole, crashing into a ditch, crashing into a building, colliding with a tree and damaging your car on a curb. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible in order to get cheaper collision rates.

A penny saved is a penny earned

You just learned a lot of information how to get a better price on 1997 Toyota Camry insurance. It’s most important to understand that the more companies you get rates for, the higher the chance of saving money. Drivers may discover the best price on insurance coverage is with some of the smallest insurance companies. They can often provide lower rates in certain areas compared to the large companies like Allstate or State Farm.

As you restructure your insurance plan, never skimp on coverage in order to save money. There have been many cases where drivers have reduced uninsured motorist or liability limits only to find out they didn’t have enough coverage. The ultimate goal is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

Affordable insurance is available online and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. Some insurance companies may not provide the ability to get a quote online and these regional insurance providers work with independent agents.

Additional detailed information is available at these sites:

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