Cheapest Insurance for a Toyota Camry in Dallas

Insurance quote for Toyota Camry in DallasWant to learn how to find the cheapest Toyota Camry insurance in Dallas? Cutting costs on Toyota Camry insurance in Dallas is always a challenge for drivers who are new to quoting and comparing prices online. Because there are so many companies competing online, it can quickly become a real challenge to find the perfect company for you.

It’s a known fact that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who do rate comparisons will, in all likelihood, buy a new policy because the odds are good of finding a more affordable policy. A recent survey discovered that drivers who shopped around annually saved $865 annually as compared to drivers who never shopped around for cheaper prices.

If saving money on Toyota Camry insurance is the reason for your visit, knowing how to shop and compare cheaper coverage can help you be more efficient.

If you currently have a car insurance policy, you should be able to get lower rates using these tips. Buying the cheapest insurance coverage in Dallas is not as hard as you think. But Texas car owners can benefit from knowing the methods companies use to determine how much to charge.

Toyota Camry coverage statistics

The premium information below highlights a range of insurance costs for Toyota Camry models. Understanding more about how auto insurance premiums are figured helps drivers make smart choices when buying a policy.

Toyota Camry Insurance Rates in Dallas, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $254 $486 $430 $26 $128 $1,324 $110
Camry SE $254 $572 $430 $26 $128 $1,410 $118
Camry XLE $254 $572 $430 $26 $128 $1,410 $118
Camry Hybrid $286 $572 $486 $28 $146 $1,518 $127
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific garaging location which can lower or raise prices noticeably.

Price comparison of only insuring for liability

The example below compares Toyota Camry insurance costs when comparing full coverage to state minimum liability only. The data assumes no violations or claims, $100 deductibles, drivers are single, and no discounts are factored in.

Should you buy full coverage or liability only?

There is no written rule to exclude physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.

For example, let’s say your Toyota Camry replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after the deductible is paid. If premium cost is more than $700 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some circumstances where dropping physical damage coverage is not financially feasible. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not remove full coverage.

What Determines Toyota Camry Insurance Premiums?

Lots of things are used in the calculation when premium rates are determined. Some of the criteria are obvious such as traffic violations, but some are more obscure such as your credit history or your commute time. One of the most helpful ways to save on car insurance is to to have a grasp of the different types of things that play a part in calculating car insurance rates. When you understand what controls the rates you pay, this helps enable you to make changes that may reward you with better car insurance rates.

Listed below are some of the major factors used by insurance companies to determine rates.

Insurance rates and driver gender – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. Now that doesn’t mean men are WORSE drivers than women. They both are responsible for at-fault accidents at a similar rate, but men tend to have higher claims. Men also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Teenage male drivers generally have the highest accident percentage and therefore are the most expensive to insure.

The chart below illustrates the difference between Toyota Camry insurance costs for male and female drivers. The premium estimates are based on no driving violations, no at-fault accidents, comprehensive and collision coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

Where you live factors in – Choosing to live in less populated areas of the country has it’s advantages when shopping for auto insurance. Urban drivers regularly have traffic congestion and longer commutes to work. Fewer people translates into fewer accidents.

How much liability – The liability section of your policy is the coverage that protects you if ever you are found liable for personal injury or accident damage. This coverage provides for a legal defense which can cost thousands of dollars. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.

Low stress employer equals lower rates – Careers such as military personnel, social workers, and miners tend to pay higher premium rates because of job stress and extremely grueling work hours. Other occupations like scientists, students and performers receive lower rates.

Lower performance equals lower insurance rates – The make and model of the vehicle you need to insure makes a huge difference in how high your rates are. Smaller low performance passenger vehicles generally have the cheapest insurance rates, but there are many factors that impact the final cost.

The data below uses these assumptions: married male driver age 40, full coverage with $500 deductibles, and no discounts or violations. It compares Toyota Camry car insurance rates compared to other models that have different performance risks.

Marriage discount – Walking down the aisle may save some money compared to being single. Marriage means you’re less irresponsible and insurance companies reward insureds because married drivers tend to have fewer serious accidents.

Know your credit rating – Credit rating factor in calculating your car insurance rates. So if your credit score is low, you could potentially save money when insuring your Toyota Camry by repairing your credit. People that have good credit tend to be less risk to insure as compared to drivers with poor credit scores.

Consolidate policies and save money – Most insurance companies give a discount for people that have more than one policy, otherwise known as a multi-policy discount. Even if you already get this discount, drivers will still want to compare Toyota Camry rates in Dallas to guarantee you are still saving the most.

Toyota Camry claim data – Insurers take into consideration historical loss data for every vehicle to calculate a price that will offset losses. Models that historically have high amounts or severity of claims will cost more for coverage. The table below outlines the actual insurance loss data for Toyota Camry vehicles.

For each coverage type, the loss probability for all vehicles, regardless of make or model, is represented as 100. Percentages below 100 indicate better than average losses, while numbers shown that are more than 100 show a trend for more claims or an increased chance of a larger loss.

Insurance Loss Ratings for Toyota Camry Vehicles
Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Camry 110 94 102 148 145 107
Toyota Camry Hybrid 124 100 110 118 127 96

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Keep this in mind when shopping around

You just read quite a bit of information on how to lower your Toyota Camry insurance prices in Dallas. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding low cost Dallas auto insurance quotes. Drivers may even discover the lowest prices come from a company that doesn’t do a lot of advertising. These companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.

Some insurance companies may not offer price quotes online and most of the time these regional insurance providers only sell coverage through local independent agents. Cost effective Toyota Camry insurance can be found both online and also from your neighborhood Dallas agents, and you should compare price quotes from both so you have a total pricing picture.

Steps to finding cheaper quotes for Toyota Camry insurance in Dallas

The easiest way to find cheaper Toyota Camry insurance is to regularly compare quotes from different companies in Dallas.

First, learn about what is in your policy and the factors you can control to drop your rates. Many rating criteria that increase rates such as traffic violations, accidents, and an unfavorable credit rating can be improved by making minor driving habit or lifestyle changes.

Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like GEICO and Allstate, while agents who are independent can give you price quotes for many different companies. View insurance agents

Third, compare the quotes to your existing rates and determine if cheaper Camry coverage is available. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.

The most important part of shopping around is to use the same deductibles and limits on each price quote and and to compare as many car insurance companies as possible. This enables a fair price comparison and the best price selection.

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