Cheapest 2018 Toyota Camry Insurance Rates in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Jun 6, 2023

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Are you burned out from scraping the payments together to pay for high 2018 Toyota Camry Car Insurance rates every month? Your situation is no different from millions of other people.

People have many car insurance companies to buy insurance from, and although it’s nice to have a selection, lots of choices makes it harder to adequately compare rates.

Buying the best coverage is easy if you know what you’re doing. Essentially, everyone who buys insurance coverage will more than likely be able to reduce their rates. But consumers must understand how the larger insurance companies market insurance on the web.

Cheapest 2018 Toyota Camry Car Insurance Coverage Quotes

There are a couple of different ways of comparing rates from companies that offer insurance coverage in your state. By far, the easiest way to find the lowest 2018 Toyota Camry cost rates is to jump online and get quotes. This is very easy and can be done in a couple of minutes, as outlined below.

  1. Without a doubt, the easiest way to find low rates would be an industry-wide quote request form. This style of form prevents you from having to do separate quote forms for every company. Taking the time to complete one form will return quotes from insurance coverage companies with the best prices.
  2. A more time-consuming way to shop for insurance coverage online consists of going to each individual company’s website and go through the quote process again. For example, we’ll pretend you want rates from Farmers, Liberty Mutual and American Family. In order to compare rates, you need to take the time to go to each site to enter the same coverage data repeatedly, which can be really labor-intensive.

The method you choose is up to you, but be certain you are entering exactly the same coverage with every price quote. If you are comparing different data, it will be next to impossible to make a fair rate comparison. Quoting even small variations in limits can make a big difference in price. And when price shopping for your coverage, comparing more quotes will enable you to find better pricing. Some smaller insurers to not give online rate quotes, so it’s important to also get quotes from the smaller companies as well.

Insurance Coverage Discounts are Available to cut Your Rates

Insurance coverage is not an enjoyable expense, but there’s a good chance there are discounts that you may not even know about. A few discounts will automatically apply when you get a quote, but once in a while, a discount must be specially asked for before you get the savings.

  • Accident Waiver – Not a discount per se, but some insurance companies will let one accident slide without raising rates if your claim’s history is clear for a specific time period.
  • Airbags and Passive Restraints – Cars that have air bags or automatic seat belts can receive discounts of 20 to 30 percent.
  • Military Deployment Discount – Having an actively deployed family member can result in better prices.
  • Anti-theft Discount – Cars and trucks optioned with advanced anti-theft systems help deter theft and will qualify for a discount on a auto insurance quote.
  • Paperwork-free – Certain companies will discount your bill up to fifty bucks for buying a policy and signing up online.
  • Government Employees – Active or retired federal employment can save as much as 8% on Camry coverage with select insurance companies.
  • Memberships – Participating in qualifying employment or professional organizations could earn you a nice discount on your policy.

Consumers should know that most discount credits are not given to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. Just because it seems like it’s possible to get free car insurance, nobody gets a free ride. Any amount of discount will positively reduce your policy cost.

Larger insurance coverage companies and a selection of discounts are:

  • GEICO may have discounts that include emergency military deployment, driver training, seat belt use, five-year accident-free, air bags, multi-vehicle, and multi-policy.
  • Mercury Insurance has discounts for low natural disaster claims, annual mileage, multi-policy, accident-free, location of vehicle, and type of vehicle.
  • Farmers Insurance has savings for mature drivers, electronic funds transfer, homeowners, business and professionals, distant students, switch companies, and early shopping.
  • Auto-Owners Insurance may include discounts for paid in full, teen drivers, good students, students away at school, and company cars.
  • Liberty Mutual includes discounts for new vehicle discount, exclusive group savings, hybrid vehicle, new graduate, and preferred payment discount.
  • SAFECO offers discounts including accident prevention training, safe driver, anti-theft, homeowner, anti-lock brakes, teen safe driver, and teen safety rewards.
  • Progressive discounts include continuous coverage, multi-policy, online quote discount, multi-vehicle, online signing, good students, and homeowners.
  • USAA may offer discounts for military installation, family discount, vehicle storage, driver training, and safe driver.

If you want inexpensive auto insurance quotes, ask every insurance company about the best way to save money. Depending on the company, some discounts may not apply in your state.

Lower the Price of 2018 Toyota Camry Car Insurance with These Tips

A large part of saving on insurance knows a few of the rating criteria that play a part in calculating insurance rates. When you understand what influences your rates, this empowers consumers to make smart changes that may reward you with better insurance rates.

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Shown below are a few of the “ingredients” companies used to determine your premiums.

  • Extra policy coverage may not be needed – Policies have extra bells and whistles that sound like a good idea at the time but may not be useful. Add-on coverage like personal injury protection, towing, and membership fees may cost you every month. These coverages may sound good when buying your policy, but if you have no use for them, remove them and pocket the money.
  • Alarms and GPS tracking lower prices – Selecting a car model that has an advanced theft prevention system can save you a little every year. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can prevent your vehicle from being stolen.
  • Which gender costs less? – Over the last 30 years, statistics show females are less aggressive when driving. However, don’t assume that women are better drivers. Both sexes have accidents at a similar rate, but men get into accidents with more damage. Men also get cited for more serious violations like DUI or reckless driving.
  • Insurance is expensive for young drivers – Teenage drivers are statistically proven to be inattentive and easily distracted when driving with friends, so they pay higher insurance rates. Older drivers are shown to be more cautious, cause fewer claims and accidents and get fewer tickets.
  • Single drivers take more risks – Being married helps lower the price when buying insurance. Marriage means you’re more mature, and it’s proven that married drivers get in fewer accidents.

Everyone Needs Different Insurance Coverage

When it comes to choosing the right insurance coverage, there is no perfect coverage plan. Each situation is unique, so your insurance needs to address that. Here are some questions about coverage that can help discover if you would benefit from professional advice.

  • Exactly who is provided coverage by my policy?
  • Who is covered when they drive my 2018 Toyota Camry?
  • What if I don’t agree with a claim settlement offer?
  • Are split liability limits better than a combined single limit?
  • Will filing a claim cost me more?
  • Does my policy cover my teen drivers if they drive my company car?
  • Should I get collision insurance on every vehicle?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent.

Insurance coverage 101

Understanding the coverage of your insurance policy can help you determine the right coverage and the correct deductibles and limits. Insurance terms can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverage found on the average insurance policy.


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

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100. That means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally, you may see one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers things such as emergency aid, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but its cheap coverage, so purchase higher limits if possible.

Coverage for collisions

This coverage covers damage to your Camry resulting from a collision with another car or object. You have to pay a deductible, then your collision coverage will kick in.

Collision coverage protects against claims like crashing into a ditch, scraping a guard rail, backing into a parked car, damaging your car on a curb and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Coverage for medical payments

Coverage for medical payments and/or PIP provides coverage for short-term medical expenses such as hospital visits, nursing services, rehabilitation expenses, pain medications and chiropractic care. They are used to covering expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states, but it provides additional coverages not offered by medical payment’s coverage

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Toyota Camry.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently, these coverages are similar to your liability insurance amounts.

Comprehensive coverages

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as a tree branch falling on your vehicle, vandalism, rock chips in glass and damage from flooding. The maximum amount an insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Compare but don’t skimp

As you go through the steps to switch your coverage, it’s a bad idea to skimp on coverage in order to save money. There have been many situations where drivers have reduced comprehensive coverage or liability limits and discovered at claim time that a couple of dollars of savings had turned into a financial nightmare. The aim is to get the best coverage possible at an affordable rate, but do not skimp to save money.

Some insurance providers do not offer online quoting. Smaller companies provide coverage only through independent insurance agencies. Low-cost 2018 Toyota Camry insurance is definitely available both online and also from your neighborhood agents, and you should compare rates from both to have the best selection.

Frequently Asked Questions

How can I find the cheapest auto insurance rates for my 2018 Toyota Camry in 2023?

The easiest way to find the lowest insurance rates for your 2018 Toyota Camry is to compare quotes online. You can enter your ZIP code on our website to use the free quote tool and view companies that offer cheap auto insurance rates.

Are there any discounts available to lower the price of my 2018 Toyota Camry car insurance?

Yes, there are often discounts available that can help reduce your car insurance rates. While some discounts may automatically apply when you get a quote, others may need to be specifically requested. Keep in mind that not all discounts are offered by every insurance company, so it’s important to ask each company about the available discounts.

What are some tips for lowering the price of my 2018 Toyota Camry car insurance?

Understanding the factors that influence insurance rates can help you save on your premiums. Some tips for lowering the price of your 2018 Toyota Camry car insurance include maintaining a good driving record, considering a higher deductible, and comparing quotes from multiple insurance companies.

What are the different types of insurance coverage I should consider for my 2018 Toyota Camry?

The common types of insurance coverage for your 2018 Toyota Camry include liability coverage, collision coverage, medical payments coverage, uninsured/underinsured coverage, and comprehensive coverage. It’s important to understand each type of coverage and determine the right limits and deductibles for your needs.

Is it necessary to compare quotes from multiple insurance companies?

Yes, comparing quotes from multiple insurance companies is recommended. Different companies may offer different rates and discounts, so obtaining quotes from several insurers allows you to find the best pricing and coverage options.

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