How Much are Auto Insurance Quotes for a Toyota Camry in Cincinnati?

Buying the best cheap coverage for a Toyota Camry in Ohio is normally pretty easy, but it hinges on many different factors such as driver age, your occupation, and violations on your driving record. Drivers will pay on average $704 a year for Camry insurance, but that amount is based on a 40-year-old married male driver with full comprehensive and collision coverage and $100 deductibles.

The problem with using this number is the good chance you’re not a 40-year-old male, you might be single instead of married, or maybe you rent instead of own your home. Even a minor change in rating criteria or coverage limits can result in a large change in how much insurance for a Toyota Camry costs.

Car insurance coverage is unique to each driver, so this is why the only real way to find cheap auto insurance rates for your Toyota is to just take the time to compare rates yourself.

Find Cheaper Toyota Camry Insurance

The specific model of Camry tends to impact the coverage cost, so the price you pay to insure a Camry LE will be $122 cheaper than the price to insure the more expensive Camry Hybrid trim level, as shown by the rates below.

Toyota Camry Insurance Rates in Cincinnati, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $178 $324 $234 $14 $70 $820 $68
Camry SE $178 $382 $234 $14 $70 $878 $73
Camry XLE $178 $382 $234 $14 $70 $878 $73
Camry Hybrid $200 $382 $264 $16 $80 $942 $79
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Cost estimates assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in vehicle location which can influence insurance rates greatly.

Insurance companies ranked

Selecting a good quality company is hard considering how many choices there are in Ohio. The information shown below can help you choose which coverage providers you want to consider when trying to find cheaper insurance for a Toyota Camry. These rankings are for major nationwide insurance companies, so companies with more of a regional focus are not factored into these rankings.

Top 10 Large Auto Insurers in Cincinnati Ranked by Value

  1. USAA
  2. GEICO
  3. AAA Insurance
  4. Erie Insurance
  5. State Farm
  6. Liberty Mutual
  7. Safeco Insurance
  8. Allstate
  9. 21st Century
  10. Travelers

The chart below demonstrates how choosing different deductibles can influence premium costs when getting quotes for cheap insurance for a Toyota Camry. The prices are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

The chart above illustrates that a 50-year-old driver could lower their policy premium by $222 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $336 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old example, could save $736 or even more just by choosing higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it is a good idea to have enough in a savings account to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Low rates today, overpriced tomorrow

Cincinnati, OH insurance rates are based on many factors that can increase the price you pay for coverage. Getting older, buying a home instead of renting, or getting a DUI may prompt premium changes resulting in some companies being more affordable than the competition. Not only that, but insurance companies modify pricing multiple times each year as an adjustment for underwriting gains or losses. Significantly higher claims may result in high rates, while lower claim levels can cause more affordable Camry insurance rates.

As an example, the data below demonstrates which company has the cheapest car insurance in Cincinnati, OH for a 40-year-old male driver with a clear driving record, no claims, and a good credit history. If we estimate rates based on his current situation, Utica National has the lowest car insurance rates in Cincinnati at $747 a year. This is $293 less than the average price paid by Ohio drivers of $1,040. Erie, Allied, Travelers, and Frankenmuth are also included in the most affordable Cincinnati, OH auto insurance companies.

Let’s now give the driver from above an at-fault accident, slightly worse credit, and a speeding ticket. Since every car insurance company has a proprietary method to set premium rates, analyzing rate quotes will most likely result in a slightly different list of the cheapest car insurance companies in Cincinnati as shown below.

Merchants Insurance Group now has the cheapest car insurance in Cincinnati, OH with Cincinnati Insurance, General Casualty, Grange Mutual, and Motorists Mutual now rounding out the top five. This shows why it is critical to compare rates when trying to get affordable insurance quotes for a Toyota Camry.

Auto insurance prices consist of many things and can change substantially, so the most economical option when you last compared rates may now be wasting a lot of money.