If your goal is the lowest price, then the best way to find lower priced Toyota Camry Hybrid insurance in Raleigh is to compare quotes once a year from different companies in North Carolina. Rates can be compared by following these guidelines.
- Read about the different coverages in a policy and the measures you can control to drop your rates. Many factors that result in higher rates like high-risk driving behaviors and a poor credit score can be eliminated by making minor driving habit or lifestyle changes. This article gives instructions to get cheaper rates and find overlooked discounts.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like Progressive and State Farm, while independent agents can give you price quotes from multiple sources.
- Compare the new quotes to the premium of your current policy to see if a cheaper price is available in Raleigh. If you find a better price and change companies, verify that coverage does not lapse between policies.
- Tell your current agent or company of your decision to cancel your existing policy. Submit a completed policy application and payment to your new agent or company. Once received, keep your new certificate verifying proof of insurance in your vehicle’s glove compartment or console.
A good piece of advice is to use identical deductibles and limits on every quote and and to compare as many auto insurance providers as possible. This ensures an apples-to-apples comparison and a better comparison of the market.
Remarkably, a study showed that most car insurance buyers have purchased from the same company for a minimum of four years, and almost half have never taken the time to shop around. Raleigh drivers could cut their rates by 10% a year by just shopping around, but they mistakenly think it’s difficult to compare rates and save money.
Raleigh insurance discounts
Some companies don’t always advertise their entire list of discounts in a way that’s easy to find, so the following list contains both the well known as well as the least known credits that may apply to you.
- Braking Control Discount – Vehicles that have steering control and anti-lock brakes are much safer to drive and earn discounts up to 10%.
- Discount for Life Insurance – Not all companies offer life insurance, but some may give you lower rates if you buy some life insurance too.
- Claim Free – Insureds with no claims or accidents can save substantially when compared with insureds who have frequent claims or accidents.
- Theft Prevention System – Cars and trucks equipped with anti-theft or alarm systems help deter theft and will save you 10% or more on Camry Hybrid insurance in Raleigh.
- Telematics Data Discounts – Drivers who elect to allow companies to scrutinize their driving habits through the use of a telematics system such as Snapshot from Progressive or Drivewise from Allstate could see a rate decrease as long as the data is positive.
You can save money using discounts, but most discount credits are not given to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Even though the math looks like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.
The information below visualizes the comparison of Toyota Camry Hybrid insurance rates with and without discounts applied to the premium. The rates are based on a male driver, no accidents or driving violations, North Carolina state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, multi-policy, safe-driver, and homeowner discounts applied.
To locate insurance companies who offer free Toyota Camry Hybrid insurance quotes in North Carolina, click this link.
Most major insurance companies allow you to get price estimates directly from their websites. Getting online quotes for Toyota Camry Hybrid insurance in Raleigh is easy for anyone as you simply enter the coverage amounts you desire into the quote form. After you complete the form, their system automatically orders information on your driving record and credit history and generates pricing information.
This helps simplify price comparisons, and it is imperative to do this if you want to find a better rate.
To get comparison pricing now, consider comparing rates from the companies shown below. If you have coverage now, it’s recommended you complete the form with the insurance coverages just like they are on your policy. This guarantees you will have rate comparison quotes for similar coverage.
The companies in the list below offer comparison quotes in North Carolina. If you wish to find the best auto insurance in Raleigh, NC, we suggest you compare several of them to get the cheapest price.
Toyota Camry Hybrid insurance rates and statistics
The premium table shown next showcases different insurance rates for Toyota Camry Hybrid models. Learning a little about how insurance quotes are calculated is important for drivers to make informed decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $152 | $302 | $296 | $18 | $88 | $856 | $71 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle location which can alter premium rates considerably.
Analysis of deductible levels
One of the most common auto insurance questions is how high should the physical damage deductibles be. The data tables below may help to conceptualize the price difference when you buy lower versus higher physical damage deductibles. The first rate estimation uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $218 | $382 | $282 | $16 | $84 | $1,007 | $84 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $176 | $308 | $282 | $16 | $84 | $866 | $72 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Table data does not factor in specific location information which can lower or raise rates substantially.
Based on the data above, we can derive that using a $250 deductible costs approximately $12 more each month or $144 for a full year than quoting the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to have more than 21 months between claims, you would more than likely save some money if you elect the higher deductible.
The illustration below demonstrates how deductible levels and can raise or lower Toyota Camry Hybrid yearly insurance costs for different ages of insureds. The rates are based on a single male driver, full coverage, and no discounts are factored in.
Do you need full coverage?
The information below shows the difference between Toyota Camry Hybrid yearly insurance costs with and without physical damage coverage. The premiums assume no claims or violations, $100 deductibles, marital status is single, and no discounts are factored in.
Are you wasting money paying for full coverage?
There is no definitive formula of when to phase out physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s assume your Toyota Camry Hybrid settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $8,000 after you pay the deductible. If you are currently paying more than $800 annually for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not a good plan. If you haven’t satisfied your loan, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in case of an accident, you should maintain full coverage.
Don’t assume everyone needs the same auto insurance coverage
When it comes to coverage online or from an agent, there really is no one-size-fits-all type of policy. You are unique and a cookie cutter policy won’t apply.
For example, these questions could help you determine if your situation might need an agent’s assistance.
- What is an adequate liability insurance limit?
- How can I get the company to pay a claim?
- Do I have newly-acquired coverage?
- When should I not file a claim?
- What is roadside assistance coverage?
- Do I need an umbrella policy?
- Does liability extend to a camper or trailer?
- How does medical payments coverage work?
If it’s difficult to answer those questions, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.
Car insurance quotes from local Raleigh insurance agents
Some consumers just prefer to sit down with an agent and we recommend doing that A nice benefit of price shopping on the web is the fact that drivers can get the lowest rates and still have an agent to talk to. And buying from local agencies is still important in Raleigh.
After completing this form (opens in new window), your insurance coverage information is submitted to agents in your area that provide free Raleigh car insurance quotes and help you find cheaper coverage. There is no reason to contact any agents as quotes are delivered directly to your email. You can find lower rates without a big time investment. If you need to quote rates from a specific insurance company, you can always go to their quote page and submit a quote form there.
Compare rates from both independent and exclusive car insurance agents
If you prefer to buy car insurance from a reliable agent, it’s helpful to know the types of agencies and how they are slightly different. Car insurance policy providers are either exclusive agents or independent agents.
Independent Insurance Agents
Independent agents are not employed by one company and that enables them to quote your coverage through many different car insurance companies and potentially find a lower price. To transfer your coverage to a different company, they can switch companies in-house which makes it simple for you.
If you are comparing car insurance prices, you will definitely want to include multiple independent agents to get the most accurate price comparison. Most can insure with smaller mutual companies that may provide cheaper car insurance rates.
The following is a small list of independent agencies in Raleigh that may be able to give you price quotes.
- G. Suggs Insurance Agency, Inc.
1025 Bullard Ct – Raleigh, NC 27615 – (919) 875-8889 – View Map - Young Insurance Associates, Inc
2609 Atlantic Ave #107 – Raleigh, NC 27604 – (919) 322-4186 – View Map - Bagwell and Bagwell Insurance
2626 Glenwood Ave #300 – Raleigh, NC 27608 – (919) 832-6667 – View Map
Exclusive Car Insurance Agencies
Agents that elect to be exclusive have only one company to place business with and examples are AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot shop your coverage around so always compare other rates. Exclusive agencies receive a lot of sales training on sales techniques which helps overcome the inability to quote other rates. Many people buy from exclusive agents mainly due to high brand loyalty and the convenience of having all coverages with one company.
The following is a short list of exclusive insurance agents in Raleigh that are able to give rate quotes.
- Cecil Burt – State Farm Insurance Agent
6837 Falls of Neuse Rd #104 – Raleigh, NC 27615 – (919) 846-8006 – View Map - Vincent Boone – State Farm Insurance Agent
7850 Alexander Promenade PI #105 – Raleigh, NC 27617 – (919) 957-9009 – View Map - Allstate Insurance: Brandon Reece
9204 Falls of Neuse Rd Ste 100 – Raleigh, NC 27615 – (919) 329-2580 – View Map
Selecting a insurance agent should depend on more than just a cheap quote. The answers to these questions are important, too.
- Do they have cheaper tiers of coverage?
- Which members of your family are coverage by the policy?
- Are they able to influence company decisions when a claim is filed?
- Are there any discounts that you might be missing?
- Do they carry Errors and Omissions coverage?
- Will they give you a referral list?
- Do they prorate repair cost based on vehicle mileage?
Find cheaper insurance rates by comparing often
As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut liability coverage limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage at the best price while not skimping on critical coverages.
Some insurance companies may not provide rates over the internet and these smaller providers provide coverage only through local independent agents. The cheapest Toyota Camry Hybrid insurance in Raleigh can be purchased from both online companies and with local Raleigh insurance agents, and you need to comparison shop both to have the best selection.
More information can be read at the links below
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- What Insurance is Cheapest for Drivers with a DUI in Raleigh? (FAQ)
- What Car Insurance is Cheapest in Raleigh, North Carolina? (FAQ)
- Speed and Speed Limit FAQ (iihs.org)
- Child Safety Seats (Insurance Information Institute)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Collision Insurance Coverage (Nationwide)