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  4. 2008 Model Year

2008 Toyota Camry Insurance Rates

Average insurance rates for a 2008 Toyota Camry are $1,108 a year with full coverage. Comprehensive costs around $188 a year, collision insurance costs $328, and liability insurance costs $440. Buying a liability-only policy costs as little as $488 a year, and high-risk insurance costs around $2,404. Teen drivers receive the highest rates at up to $4,362 a year.

Annual premium for full coverage: $1,108

Rate estimates for 2008 Toyota Camry Insurance

Comprehensive $188
Collision $328
Liability $440

Rate data is compiled from all 50 U.S. states and averaged for all 2008 Toyota Camry models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For the average driver, prices range range from as low as $488 for a discount liability-only rate to a high of $2,404 for a driver that may need high-risk insurance.

Liability Only $488
Full Coverage $1,108
High Risk $2,404

View Chart as Image

2008 Toyota Camry insurance rates compared
Column chart showing 2008 Toyota Camry insurance prices range from $654 to $4,362 for full coverage

These differences demonstrate why it is important for drivers to compare rates for a specific zip code and risk profile, rather than relying on price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

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Recommended Companies for Cheap 2008 Toyota Camry Insurance

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Are you tired of robbing Peter to pay Paul to insure your Toyota every month? Your situation is no different than the majority of other car owners. Companies like GEICO, 21st Century and Progressive increase brand awareness with catchy ads and consumers find it hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s a great practice to do rate comparisons occasionally because insurance rates go up and down regularly. Despite the fact that you may have had the best deal for Camry insurance a couple years back you will most likely find a better rate today. So block out anything you think you know about insurance coverage because it’s time to teach you the best methods to find better rates and still maintain coverage.

The quickest way to compare insurance rates in your area utilizes the fact most insurance companies participate in a system to compare rate quotes. To start a quote, the only thing you need to do is provide information including the make and model of your vehicles, if you went to college, marital status, and if your license is active. That rating data is sent automatically to many of the top insurers and you will get price comparisons instantly to find the best rate.

To compare multiple company rates now, click here and enter your coverage details.

Recommended Companies for the Best Insurance Rates

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Discounts on Toyota Camry insurance

Insuring your fleet can be pricey, but companies offer discounts to cut the cost considerably. Certain discounts will be applied at the time of purchase, but some may not be applied and must be asked about before you get the savings. If you don’t get every credit available, you are throwing money away.

  • Federal Government Employee – Being employed by or retired from a federal job can save as much as 8% for Camry insurance depending on your company.
  • Military Rewards – Being deployed with a military unit could be rewarded with lower premiums.
  • Auto/Life Discount – Select insurance companies reward you with lower rates if you buy a life insurance policy as well.
  • Multiple Cars – Having all your vehicles on the same insurance coverage policy could earn a price break for each car.
  • Clubs and Organizations – Belonging to a professional or civic organization could trigger savings on your policy for Camry insurance.
  • Student in College – Children living away from home attending college and don’t have a car may be able to be covered for less.
  • Multiple Policy Discount – When you have multiple policies with the same insurance company you may save 10% to 20% off each policy.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. A few only apply to specific coverage prices like medical payments or collision. So despite the fact that it appears all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will cut your overall premium however.

To see a list of companies with discount insurance coverage rates, click here.

Tailor your coverage to you

When choosing coverage, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that could help you determine whether your personal situation might need an agent’s assistance.

  • Do I need to file an SR-22 for a DUI in my state?
  • When can I cancel my policy?
  • Should I have a commercial auto policy?
  • Am I covered if I drive in a foreign country?
  • Does my insurance cover a custom paint job?
  • Is other people’s property covered if stolen from my vehicle?
  • I have good health insurance, so how much medical payments coverage do I need?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.

How can State Farm and Allstate save drivers who switch?

Consumers can’t ignore all the ads for car insurance savings by companies like State Farm and Allstate. All the ads make the same claim about savings if you move to them.

But how can every company claim to save you money? This is how they do it.

Different companies have a certain “appetite” for the driver that is profitable for them. For example, a preferred risk could be over the age of 50, insures multiple vehicles, and has great credit. Any driver who matches those parameters will get the preferred rates and therefore will save quite a bit of money when switching.

Potential customers who don’t measure up to these standards will be charged a higher premium and this can result in the customer not buying. The ad wording is “people who switch” not “people who quote” save that kind of money. This is how companies can truthfully make those claims.

That is why it is so important to get as many quotes as possible. It’s not possible to predict the company that will fit your personal profile best.

Parts of your insurance policy

Knowing the specifics of insurance can be of help when determining the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on the average insurance policy.

Liability insurance

Liability coverage protects you from injuries or damage you cause to people or other property that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims such as medical services, attorney fees and bail bonds. How much coverage you buy is up to you, but buy higher limits if possible.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like falling objects, hitting a deer, damage from getting keyed and damage from a tornado or hurricane. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as nursing services, doctor visits, hospital visits and EMT expenses. They are often used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Auto collision coverage

This pays for damage to your Camry resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as rolling your car, crashing into a building, hitting a parking meter, colliding with another moving vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

UM/UIM Coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2008 Toyota Camry.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.

Be a Smart Shopper

We’ve covered many ways to get a better price on 2008 Toyota Camry insurance. The most important thing to understand is the more times you quote, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from the least-expected company. Regional companies can often provide lower rates in certain areas compared to the large companies like Progressive and GEICO.

When shopping online for insurance coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped collision coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at a price you can afford while still protecting your assets.

The cheapest insurance is attainable on the web as well as from independent agents, so you should compare both so you have a total pricing picture. Some insurance coverage companies don’t offer the ability to get a quote online and these smaller companies work with independent agents.

For more information, take a look at the resources below:

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Rates by U.S. City

2008 Toyota Camry Insurance Rates by City
CityPremium
New York City, NY$2,163
Los Angeles, CA$1,866
Philadelphia, PA$1,747
Jacksonville, FL$1,735
Phoenix, AZ$1,557
Chicago, IL$1,483
Houston, TX$1,386
Seattle, WA$1,230
Columbus, OH$944
Indianapolis, IN$890

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Rates by Driver Age

2008 Toyota Camry Insurance Rates by Driver Age
Driver AgePremium
16$4,362
20$2,562
30$1,136
40$1,108
50$1,014
60$994

Full coverage, $500 deductibles

Rates by Deductible

2008 Toyota Camry Insurance Rates with Different Deductibles
DeductiblePremium
$100$1,336
$250$1,230
$500$1,108
$1,000$990

Full coverage, driver age 40

Rates by Liability Limit

Toyota Camry Insurance Rates with Different Liability Limits
Liability LimitPremium
30/60$1,108
50/100$1,196
100/300$1,306
250/500$1,592
100 CSL$1,240
300 CSL$1,482
500 CSL$1,658

Full coverage, driver age 40

Rates for High Risk Drivers

2008 Toyota Camry Insurance Rates for High Risk Drivers
AgePremium
16$6,180
20$4,086
30$2,434
40$2,404
50$2,298
60$2,272

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $154

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

DiscountSavings
Multi-policy$57
Multi-vehicle$60
Homeowner$18
5-yr Accident Free$75
5-yr Claim Free$71
Paid in Full/EFT$45
Advance Quote$52
Online Quote$76
Total Discounts$454
Rate after discounts $654

Discounts are estimated and may not be available from every company or in every state.

2008 Toyota Camry Insurance Rates by State
StatePremium
Alabama$1,064
Alaska$910
Arizona$1,112
Arkansas$1,122
California$1,244
Colorado$1,150
Connecticut$1,450
Delaware$1,350
Florida$1,496
Georgia$1,100
Hawaii$1,198
Idaho$772
Illinois$824
Indiana$788
Iowa$834
Kansas$1,018
Kentucky$1,436
Louisiana$1,794
Maine$758
Maryland$1,140
Massachusetts$976
Michigan$2,038
Minnesota$974
Mississippi$1,086
Missouri$944
Montana$1,006
Nebraska$912
Nevada$1,432
New Hampshire$906
New Jersey$1,104
New Mexico$1,026
New York$1,442
North Carolina$788
North Dakota$1,080
Ohio$780
Oklahoma$1,344
Oregon$1,036
Pennsylvania$1,248
Rhode Island$1,344
South Carolina$1,034
South Dakota$870
Tennessee$996
Texas$1,066
Utah$982
Vermont$788
Virginia$798
Washington$976
West Virginia$1,128
Wisconsin$1,130
Wyoming$1,224

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