Best Cheap Insurance for a Toyota Camry in New Hampshire
Your odds of finding cheaper car insurance for a Toyota Camry in New Hampshire hinges on an enormous amount of factors such as if you are single or married, whether or not you are currently insured, and any prior driving citations you have received. Drivers will pay around $750 per year to insure a Camry, but that is a ballpark figure that uses rate data for a 40-year-old married female who needs both comprehensive and collision coverage and $100 policy deductibles.
That rate won’t apply to everyone, because more than likely you are not 40 and possibly not even female, maybe you are single instead of married, or maybe you live in a different area as the quoted rates. Even a very minor difference in rating factors or requested coverage amount can result in a large change in how much insurance for a Toyota Camry costs.
This example demonstrates why your best chance at finding the cheapest rates for your Toyota is to make a habit of comparing rates at every renewal. It only takes a few minutes and you will get price quotes from some of the best companies available.
The trim level of your Camry will most likely have an effect on the insurance rate, so the rate you will pay to insure a Camry LE trim level will be $130 lower than the price to insure the high end Camry Hybrid version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Hampshire minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Table data does not factor in specific location which can alter price quotes noticeably.
Ending up with the top insurer can be a challenge considering how many different insurance companies sell coverage in New Hampshire. The information below could help you select which auto insurers to look at purchasing from. The rankings below include the largest companies in the United States, so companies that have a smaller presence are not taken into consideration for these rankings.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Bad driving habits will cost you more
The best way to receive the most affordable auto insurance rates in New Hampshire for a Camry is to drive attentively and not get tickets or have accidents. The illustration below shows how speeding tickets and at-fault fender-benders increase insurance premiums for different age groups of insureds. Data assumes a single male driver, full coverage, $250 deductibles, and no other discounts are factored in.
In the prior example, the average cost of auto insurance per year with a clean driving record and no accidents is $1,701. Add in two speeding tickets and the average cost increases to $2,254, an increase of $553 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for a Toyota Camry increases to an average of $4,278. That’s an increase of $2,577, or $215 per month, just for not driving carefully!
Why you should compare rates
New Hampshire auto insurance rates are determined by lots of factors that control your annual premium. Simply having another birthday, buying a home, or getting a couple of tickets can trigger rate changes that may make certain companies more affordable than others.
In addition to those changes, auto insurance companies change rates as often as every three months in order to be able to pay unexpected claims. Higher than usual claims can cause rate increases, while lower claim levels can cause lower-priced Camry insurance rates.
For example, the data below shows the cheapest car insurance in New Hampshire for a 35-year-old male driver with no violations or accidents, and good credit. Based on his personal profile, Concord has the most affordable car insurance rates in New Hampshire at $705 per year. This is $825 less than the average price paid by New Hampshire drivers of $1,530. Travelers, Patriot, USAA, and Vermont Mutual are the rest of the most affordable New Hampshire auto insurance companies.
Now we will pretend the driver from the first example a claim surcharge, a lower credit rating, and a couple of points charged on his driving record. Due to the fact that each insurance company uses their own calculation for filing rates in each state, comparing prices may now result in a different list of affordable companies as shown below.
Travelers now has the cheapest price in New Hampshire with Progressive, Encompass, MMG Insurance, and Patriot completing the list. This shows why it is crucial to compare many different companies when trying to get the most economical insurance rates for a Toyota Camry. Auto insurance prices are calculated by many risk factors and change frequently, so the most economical company six months ago may now be quite expensive.
Best cheap Toyota Camry insurance quotes
You have a lot of ways to comparison shop for auto insurance in New Hampshire, but the three most common are through a captive (or exclusive) agency such as State Farm or Auto-Owners, an independent insurance agent, or buying direct from a company like Progressive or Geico. You can use whichever you prefer, but auto insurance buyers need to understand the differences in how they function.
Independent insurance agents work for many companies and can compare rates with each one. Independent agents are not locked into one company and can provide you with more rate quotes, which can give you the best chance of finding a lower price. If the agent locates a cheaper price, the agent simply finds a different carrier and you don’t have to find a new agent.
Exclusive agents are only able to give prices for a single company, two examples being Allstate and Liberty Mutual agents. These agents are not able to provide rates from more than one company, so you need to shop around if the rates are high.
The third popular method of shopping for auto insurance is direct, which means you skip a local agent and instead buy from a direct company like Progressive. Buying direct is a good choice for people who do not need advice for asset protection and understand what coverages they need.
So comparing independent agents, exclusive agents, and direct, which one works best to find the best cheap insurance for a Toyota Camry in New Hampshire? Most people would assume that buying direct results in the cheapest rates since there is no need to pay agent commissions, but unfortunately, it’s not that simple. And we’d like to say going through an independent agent can save the most money because they can quote many companies, but again, that’s not accurate. In the right set of circumstances, exclusive agencies may have very competitive prices well below independent agents AND direct companies.
Because it’s impossible to say who has the best auto insurance rates, the guaranteed way to ensure you are not overpaying is to compare lots of quotes. It’s a good idea to get price quotes all three ways to get an idea of which is cheapest. For a list of companies offering online discounts in New Hampshire, click here to view.
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