Who Has Cheap Insurance for a Toyota Camry in Colorado?
Enter your Colorado zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 16, 2019
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Our editors always tell us that when writing about car insurance, the words “affordable” or “cheap” should never appear anywhere in the article. Sad but true, cheap auto insurance for a Toyota Camry is just plain contradictory. Don’t let that get you down, though, because we can show you some ways you can quote and buy coverage that is cheaper than what you have now.
The likelihood of finding the best cheap auto insurance for a Toyota Camry in Colorado depends on a large number of factors such as how old the vehicle is, your claims history, and your choice of deductibles. Drivers in Colorado on average will pay $930 every 12 months to insure a Toyota Camry, but that rate is a ballpark figure calculated using a 50-year-old single female who purchased full comprehensive and collision coverage and $500 policy deductibles.
There is a high probability that you are not exactly 50 years old and possibly not even female, maybe you are married instead of single, and there is a good chance that other rated drivers impact the rate. Having even a minor difference in quote information can cause large differences in how much insurance for a Toyota Camry costs.
There is no one cookie-cutter policy that works for everyone, so the way we recommend to find affordable rates for your Toyota is to compare as many rates as you can. Comparing quotes is easy and you will be able to compare rates from some of the best insurers that insure Toyota vehicles in Colorado.
The trim level of your Camry can impact the cost of coverage, so the rate you pay to insure a Camry LE model will be $158 less expensive the cost to insure the more costly Camry Hybrid trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Premium costs do not factor in specific garaging location which can influence price quotes noticeably.
Finding out which company offers the cheapest auto insurance rates for a Toyota Camry will involve a little more work in order to find the lowest price quote.
Each auto insurance company has a different formula to determine rates, so we need to take a look at the auto insurance companies that tend to have lower prices in Colorado. It’s a good idea to know that Colorado auto insurance rates are based on many factors that can increase the cost of a policy. Simply having another birthday, getting married, or getting a driving violation can trigger price changes that can cause some rates to be cheaper than competitors.
The Hartford may have some of the lowest car insurance rates in Colorado at around $850 a year. Grange, USAA, Nationwide, and Travelers would also be considered some of the more affordable Colorado car insurance companies.
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In the above example, if you are currently insured with Grange and switched to The Hartford, you might achieve yearly savings of upwards of $99. Customers with USAA may save as much as $159 a year, and Nationwide policyholders might see rate reductions of $293 a year.
Be aware that those rates are averages for all insureds and vehicles and and are not figured with a specific rate value for a Toyota Camry. So the auto insurance company that is most affordable for your situation may not even be included in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own individual information.
Enter your zip code below to view companies that have cheap auto insurance rates.
Discounts on cheap insurance for a Toyota Camry in Colorado
Insurance companies that provide policies for a Toyota Camry may have special discounts that could reduce prices by as much as 40% or more if you meet the requirements. A few of the larger companies and the discounts they provide are:
|Defensive driver training||Yes||Yes||Yes||Yes||Yes|
|Paid in full||Yes||No||Yes||Yes||Yes|
|Student away from home||Yes||Yes||No||Yes||Yes|
|Seat belt usage||No||No||Yes||No||No|
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The information below illustrates the comparison of car insurance rates with and without discounts applied to the policy premium. The information is based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple policy, marriage, claim-free, multiple vehicle, accident-free, and safe-driver discounts applied. When these discounts are applied, the average savings per year on auto insurance for a Toyota Camry is 16% or $269.
Full coverage rates compared to liability-only
Finding cheap insurance for a Toyota Camry in Colorado should be important to most drivers, and a good way to pay lower rates for insurance is to only buy liability insurance. The diagram below illustrates the difference between annual premium costs with full physical damage coverage compared to only buying liability only. The rate quotes are based on no accidents or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
As an overall average, physical damage coverage costs $2,337 per year more than just insuring for liability. That is a significant amount which raises the question when is it safe to stop buying full coverage. There is no exact rule to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you may want to consider only buying liability coverage.
Which car insurance company is best?
If you are shopping around for insurance for a Camry in Colorado, the companies that insure more vehicles than anyone else are Allstate, State Farm, Progressive, and Geico. All four offer physical damage and liability coverage, but each has a distict selection of optional coverages and features that may influence which company you choose. The table below compares pricing and service ratings, plus some optional coverages that policyholders can buy.
|U.S. market share||10%||18.3%||8.8%||11.4%|
|Customers who recommend||86%||88%||88%||87%|
|Rate for vehicle usage||Yes||Yes||Yes||No|
|Emergency roadside assistance||Yes||Yes||Yes||Yes|
|Accident forgiveness coverage||Yes||No||Yes||Yes|
|New car replacement||Yes||No||No||No|
|Available in Colorado||Yes||Yes||Yes||Yes|
|Where you can buy||Allstate exclusive agents||State Farm exclusive agents||Indpendent agents or online||Online or through a Geico agent|
|Number of agents||11,000+||18,000+||30,000+||150+|
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How to get cheap insurance for a Toyota Camry in Colorado
Here are a few money-saving suggestions that can help Colorado drivers locate cheap coverage.
- Higher credit scores may earn you cheaper rates
- Maintain a safe distance and avoid accidents
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Drive a car with a high safety rating
- Save money by insuring older vehicles for liability only
- Raise comprehensive and collision coverage deductibles
- Compare rates regularly to ensure the best deal
The last item on the list is extremely crucial, as we noted in the article above. Auto insurance prices adjust frequently, so you should be ready to switch companies if a better deal can be had. Brand loyalty is great, but it’s not recommended if that stubbornness costs you money that could be spent on other things. Take a few minutes and compare prices and find cheaper auto insurance for a Toyota Camry.
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