Finding the cheapest auto insurance for a Toyota Camry depends on a lot of different factors such as whether you own a home, your credit status, and if you have a history of accidents. Drivers in North Carolina pay on average $829 annually to insure their Camry, but that price is based upon a 50-year-old single male driver with full comprehensive and collision coverage and $100 deductibles.
If we were betting, you are not 50 years old and maybe not even male, married instead of single, or maybe you rent instead of own your home. Just a slight change in policy rating criteria or coverages may result in significant differences in the price of coverage.
Every driver’s needs are different, and that is why the best method for finding cheap car insurance rates for your Toyota is to put in the effort to do a thorough rate comparison.
Vehicle trim level will have an impact the coverage cost, so the price you will pay to insure a Camry LE will be $146 less than the cost to insure the high end Camry Hybrid version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Rates do not factor in Raleigh location which can increase or decrease premium rates significantly.
Finding reliable, budget car insurance is not most people’s favorite thing to do, and figuring out which company quotes the best insurance rates for a Toyota Camry calls for even more work.
Each insurer has a proprietary method for filing rates in each state, so we need to take a look at the most affordable insurance companies in North Carolina. It’s a good idea to know that Raleigh, NC insurance rates are influenced by many factors that may substantially change the cost of having a policy. Simply improving your credit score, buying a different vehicle, or having a fender bender can trigger rate changes that can make some companies cheaper than others.
Find Cheaper Car Insurance for Your Camry
|Rank||Company||Cost Per Year|
|5||NC Farm Bureau||$730|
|Find Your Rate Go|
Utica National quotes some of the most affordable car insurance rates in Raleigh at around $636 annually. Progressive, Liberty Mutual, GEICO, and NC Farm Bureau also are some of the cheaper Raleigh, NC auto insurance companies.
As depicted above, if you currently buy coverage from GEICO and switched to Utica National, you might see savings of around $84. Insureds with NC Farm Bureau could save as much as $94 a year, and Penn National policyholders might reduce prices by as much as $111 a year.
To find the cheapest coverage for you, click here to get quotes or quote prices from the following companies.
Bear in mind that those premiums are averages for all types of drivers and the different vehicles they drive and do not factor in an exact vehicle garaging location for a Toyota Camry. So the insurer that fits you best may not even be in the top 20 companies in the list above. That illustrates why you need to compare prices as often as possible using your own specific driver information and vehicle.
The information below demonstrates how deductible levels can increase or decrease premium costs when trying to find cheap insurance for a Toyota Camry. The prices are based on a single male driver, full coverage, and no other discounts are factored in.
In the chart above, a 50-year-old driver could lower rates by $278 a year by changing from a $100 deductible up to a $500 deductible, or save $416 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old, could save up to $924 each year by using higher deductibles when buying full coverage. When increasing deductibles, it will be necessary to have enough savings set aside to cover the extra out-of-pocket expense that is associated with using high deductibles.
Bad driving habits will cost you more
The common sense way to score good insurance rates in Raleigh for a Camry is to be an attentive driver and avoid accidents and keep your driving record clean. The illustration below demonstrates how speeding tickets and at-fault claims raise insurance premiums for each different age category. The rates are based on a married female driver, full coverage, $100 deductibles, and no policy discounts are applied.
The chart shows that the average cost of car insurance in North Carolina per year with no violations or accidents is $1,311. Factor in two speeding tickets and the average cost increases to $1,867, an increase of $556 each year. Now include one accident along with the two speeding tickets and the 12-month cost of insurance for a Toyota Camry goes up to an average of $2,426. That’s an increase of $1,115, or $93 per month, just for not driving carefully!
How to find budget-friendly car insurance for a Toyota Camry
Lowering your rates is not difficult, and here are some of the recommended thrifty suggestions that can help Raleigh drivers find low-cost auto insurance.
- Discounts for being claim-free can be substantial
- Increase deductibles to save money
- Avoid preventable accidents
- Higher credit scores may earn you cheaper rates
- Serious violations like DUI or careless driving can make car insurance unaffordable
- Bundle home and auto and save
- Compare rate quotes frequently
The last tip in the list is extremely critical, as we noted in this piece. Prices can change considerably in a year, so drivers shouldn’t hesitate to switch to a new company if a cheaper price is available. Being loyal to a particular company is commendable, but we do not recommend it if that loyalty ends up costing money that could be going to better use. In less than five minutes you could compare rates and find cheaper insurance for a Toyota Camry in Raleigh.
If you like to have a professional recommendation when comparing insurance rates for a Camry, the insurance agencies listed below are a good start to help you decide which coverages and limits you need.
To locate a Raleigh car insurance agency close to you, click the button at the bottom or click here to compare prices now.
ACF Insurance Services, Inc.
4634 Capital Blvd – Raleigh, NC 27604 – (919) 878-7786
Nationwide Insurance: Michael E Okoli Agency Inc
309 W Millbrook Rd #151 – Raleigh, NC 27609 – (919) 786-1960
John Hill – State Farm Insurance Agent
7320 Six Forks Rd #200 – Raleigh, NC 27615 – (919) 848-0644
Matt Roberts Agency, Inc.
1151 Falls River Avenue, Suite 105-A – Raleigh, NC 27614 – (919) 845-2999