How Much are Insurance Quotes for a Toyota Camry in Ohio?
When the topic is car insurance, the words “affordable” or “cheap” should never appear anywhere in the article to describe car insurance rates. Be that as it may, cheap car insurance for a Toyota Camry just does not exist. Don’t get your dauber down, because we will teach you how you can find car insurance that most people can afford.
The chances that you’ll find the cheapest auto insurance for a Toyota Camry in Ohio depends on a lot of factors like whether or not you own a home, if you currently have coverage, and if you had any at-fault accidents in the last few years. Drivers in Ohio pay on average $690 per year for Camry insurance, but that rate is an estimate that uses rate data for a 50-year-old single male driver who needs full physical damage coverage and $250 policy deductibles.
There’s a high likelihood you’re not a 50-year-old male, you might be married instead of single, or maybe you have a violation on your driving record. Auto insurance is not “one size fits all”, so the way we recommend to find the cheapest coverage for your Toyota is to quote often and with as many companies as possible. Get a free quote now and you will get price quotes from top-rated companies that offer coverage in Ohio.
The trim level of your vehicle tends to impact the annual cost of coverage, so the rate you pay to insure a Camry LE model will be $120 cheaper than the insurance cost for the higher-priced Camry Hybrid trim level, as shown in the table below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can impact insurance rates greatly.
Ratings for Ohio insurance companies
Buying coverage from the top auto insurance company can be a challenge considering how many choices you have in Ohio. The ranking information listed below may help you decide which providers you want to consider when shopping car insurance rates for a Toyota Camry. These ratings are only comprised of the largest companies in the United States, so companies that have a smaller presence are not taken into consideration for these rankings.
Top 10 Large Car Insurance Companies in Ohio Ranked by A.M. Best Rating
- USAA – A++
- GEICO – A++
- Travelers – A++
- State Farm – A++
- Erie Insurance – A+
- The Hartford – A+
- Progressive – A+
- Nationwide – A+
- Allstate – A+
- Titan Insurance – A+
Top 10 Large Car Insurance Companies Overall in Ohio
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Top Companies for Toyota Camry Insurance in Ohio
Liability only or full coverage
Finding cheap insurance for a Toyota Camry in Ohio should be important to the majority of vehicle owners, and one of the best ways to find cheap insurance is to buy liability only. The example below compares auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Ohio. Data assumes no claims, a clean driving record, $250 deductibles, drivers are not married, and no discounts are applied to the premium.
If averaged for all ages, full coverage on your policy costs an additional $1,519 per year over having just liability coverage. That is a big expense that brings up the question when is the right time to remove full coverage. There is no definitive formula that works best for making the decision to drop comp and collision coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then you may need to consider dropping full coverage.
For example, let’s say your vehicle’s replacement cost is $5,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $4,500 after you pay the deductible. If it’s costing you more than $450 annually for your policy with full coverage, then it might be time to buy liability only.
Types of discounts on Ohio insurance
Auto insurance companies that sell cheap insurance for a Toyota Camry in Ohio may also offer special discounts that can lower rates by as much as 35% if you meet certain criteria. Larger insurance companies and their possible discounts are included below.
|Daytime running lights||Yes||Yes||No||No|
|Defensive driving course||Yes||Yes||Yes||Yes|
|Student away from home||Yes||No||Yes||Yes|
|Seat belt use||No||Yes||No||No|
|Online rate quote||No||No||Yes||No|
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The illustration below shows the comparison of auto insurance rates with and without discounts applied to the policy premium. The data is based on a female driver, no claims or violations, Ohio state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with safe-driver, marriage, multiple vehicle, anti-theft, defensive driving course, and claim-free discounts applied. When taking advantage of discounts, the average amount saved on insurance for a Toyota Camry is 15% or $143.
State Farm, Progressive, Geico, or Allstate: Which is best?
When comparing rates for insurance for a Camry in Ohio, the companies with the most market share are State Farm, Progressive, Geico, and Allstate. When added together, they insure almost half of the entire U.S. market share. All offer your standard physical damage and liability coverages, but each one has a little bit different set of discounts and options that shoppers can select from. The table below rates pricing and service ratings, plus some optional coverages that you can purchase from each one.
|A.M. Best financial rating||A++||A+||A++||A+|
|Rate for vehicle usage||Yes||Yes||No||Yes|
|New car replacement coverage||No||No||No||Yes|
|Emergency roadside assistance||Yes||Yes||Yes||Yes|
|Offered in Ohio||Yes||Yes||Yes||Yes|
|Where you can buy||State Farm-only agents||Indpendent agents or online||Online or through a Geico agent||Allstate exclusive agents|
|Number of agents||18,000+||30,000+||150+||11,000+|
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How to find economical car insurance for a Toyota Camry
Lowering your rates is not difficult, and here are some of the better thrifty suggestions that can help you quote cheaper auto insurance.
- Safer vehicles generally have cheaper insurance rates
- Earn discounts for being claim-free
- Avoid accidents and claims
- Do not get traffic violations
- Save money by insuring your home and auto with the same company
- Remove physical damage coverage on older vehicles
- Compare prices frequently to find the best deal
The last suggestion is remarkably vital, as we hit on in this write-up. Car insurance rates can change considerably in a year, so drivers shouldn’t be resistant to change to a new company if a cheaper price is available.
Having a favorite company is fine, but it’s not recommended if that faithfulness ends up costing you thousands of dollars over several years. It only takes a couple minutes to compare rates and find cheaper auto insurance for a Toyota Camry.
Cheapest Toyota Camry insurance quotes
Due to technology, there are many ways to quote and buy insurance in Ohio, but the most preferred ways are from a non-exclusive or independent agent, an exclusive insurance agent like Liberty Mutual or Allstate, or direct from companies such as Progressive or Geico. They all have the same basic principle, but they are slightly different in how they price policies.
Independent insurance agencies have contracts with many companies and can provide price quotes from all of them. Independent agents are not employed by one specific company and can give you more rate choices, which can give you improved chances of finding a lower rate. If they quote lower rates, it’s easy for the agent to move the policy which makes it simple for you.
An exlusive, or captive, agency is ‘exlusive’ to just one company, two examples are a Liberty Mutual or State Farm agent. These agents usually cannot provide rate quotes from other companies, so if finding the cheapest insurance is your goal, you will want to shop around.
Direct insurance buyers forego the middleman (the agent) and instead buy from a direct company like Progressive or Esurance. This insurance option may be preferred by people who do not need advice for asset protection and have some degree of understanding of the limitations of their policy.
So which one of the three ways works best to find cheap insurance for a Toyota Camry in Ohio? Most drivers assume that buying direct saves money because there isn’t an agent involved, but unfortunately, that is not the case. A good argument could also be made that buying insurance from an independent agent guarantees the lowest rates since there are more companies to choose from, but that assumption is also not necessarily accurate. For some people, the exclusive agents may have prices that are impossible to beat.
Since insurance companies use so many rating factors, the only real way to ensure the lowest rates is to do a thorough rate comparison. The best approach is to get rate quotes from independent agents, exclusive agents, and direct companies in order to have the best selection to choose from. A great place to start is our list of online companies offering discounts: click here to view.
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