Everyone knows that auto insurance companies want to keep you from comparing prices. Insureds who shop around annually will probably move their business because the odds are good of finding a more affordable policy premium. A recent survey discovered that people who regularly compared price quotes saved an average of $3,450 over four years compared to those who never shopped for cheaper rates.
If finding the best rates on Toyota Camry insurance is your target objective, then having an understanding of how to shop for coverages can make it easier for you to save money.
The best way we recommend to find discount Toyota Camry insurance is to make a habit of regularly comparing prices from providers in Cincinnati. Rate comparisons can be done by following these steps.
- Take a few minutes and learn about the coverage provided by your policy and the measures you can control to keep rates low. Many factors that drive up the price like accidents, traffic violations, and a negative credit history can be improved by making small lifestyle or driving habit changes. Later in this article we will cover additional tips to get affordable coverage and get additional discounts.
- Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
- Compare the new rate quotes to your current policy and see if you can save money. If you find a lower rate and change companies, ensure coverage does not lapse between policies.
- Provide adequate notice to your current company to cancel your current auto insurance policy. Submit a down payment and signed policy application for your new coverage. When you receive it, store the certificate verifying proof of insurance in an easily accessible location.
The key thing to remember is to make sure you're comparing identical deductibles and limits on each quote request and and to get price quotes from as many auto insurance providers as possible. Doing this enables a fair price comparison and maximum price selection.
Compare free Cincinnati Toyota Camry insurance price quotes
Most of the larger companies such as 21st Century, Allstate and State Farm provide insurance quotes on their websites. Comparing Toyota Camry insurance rates online can be done by anyone as you just enter your coverage preferences as requested by the quote form. After you submit the form their system collects your driving and credit reports and generates pricing information based on many factors. This streamlines rate comparisons, and it's necessary to perform this step in order to get cheap insurance pricing.
To get comparison pricing now, compare rates now from the companies shown below. If you have your current policy handy, we recommend you duplicate the coverage information as shown on your current policy. Doing this guarantees you will have a fair comparison for the exact same coverage.
The companies in the list below have been selected to offer quotes in Cincinnati, OH. If you want cheaper car insurance in Cincinnati, OH, we suggest you compare several of them to find the lowest car insurance rates.
The rate table shown below highlights different rate quotes for Toyota Camry models. Being able to understand how premiums are calculated can be valuable when making smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rates do not factor in specific zip code location which can alter premium rates greatly.
The illustration below highlights how deductible choice and can raise or lower Toyota Camry insurance prices for different ages of insureds. The prices are based on a married female driver, full coverage, and no discounts are applied to the premium.
Car insurance premiums based on gender
The illustration below shows the difference between Toyota Camry car insurance costs for male and female drivers. The data assumes no driving violations, no at-fault accidents, full coverage, $250 deductibles, drivers are not married, and no discounts are taken into consideration.
Why you need insurance for your Toyota Camry
Even though it's not necessarily cheap to insure a Toyota in Cincinnati, buying insurance is not optional due to several reasons.
- Almost all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability protection in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you took out a loan on your vehicle, more than likely the lender will require you to have full coverage to guarantee loan repayment. If the policy lapses, the lender may have to buy a policy to insure your Toyota at a much higher rate and force you to pay a much higher amount than you were paying before.
- Insurance protects your car and your assets. It will also cover medical transport and hospital expenses incurred in an accident. Liability insurance will also pay for a defense attorney if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of insuring your car are without a doubt worth the cost, especially if you ever need it. Despite what companies tell you, the average driver is currently overpaying as much as $750 every year so compare quotes from several companies every year to save money.
Save money on Toyota Camry insurance in Cincinnati with these nine insurance discounts
Companies offering auto insurance don't always publicize every possible discount very well, so the following is a list of both well-publicized as well as the least known discounts that may be available.
- Military Deployment Discount - Having a deployed family member may qualify for rate reductions.
- Low Mileage Discounts - Driving fewer miles may allow you to get substantially lower insurance rates.
- Senior Discount - Seniors may qualify for a small decrease in premiums.
- Data Collection Discounts - Cincinnati drivers who agree to allow driving data collection to look at vehicle usage by using a telematic data system like Drivewise from Allstate or In-Drive from State Farm may see discounts as long as the data is positive.
- Good Student - A discount for being a good student could provide a savings of up to 20% or more. Many companies even apply the discount to college students until age 25.
- Save with a New Car - Putting insurance coverage on a new Camry can save up to 30% because new vehicles are generally safer.
- Discount for Life Insurance - Some insurance companies give a discounted price on car insurance if you buy life insurance from them.
- Paperless Signup - Some of the larger companies will give you a small discount for signing up on their website.
- Air Bag Discount - Vehicles equipped with air bags or motorized seat belts could see savings as much as 30%.
Don't be surprised that some of the credits will not apply to your bottom line cost. Most only cut individual premiums such as medical payments or collision. So when it seems like you could get a free insurance policy, you won't be that lucky.
The chart below illustrates the difference between Toyota Camry premium costs with and without discounts. The premiums assume a female driver, no accidents or driving violations, Ohio state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, multi-car, homeowner, and marriage discounts applied.
To see companies that offer discounts in Ohio, click here to view.
Will just any policy work for me?
When it comes to a policy, there isn't really a "perfect" insurance plan. Your needs are unique to you and a cookie cutter policy won't apply. Here are some questions about coverages that can aid in determining whether your personal situation would benefit from professional advice.
- Do I need PIP coverage since I have good health insurance?
- Am I covered when driving in Canada or Mexico?
- Does coverage extend to my business vehicle?
- Am I covered if I break a side mirror?
- What is the difference between personal and commercial auto insurance policies?
- When should I drop full coverage on my Toyota Camry?
- What is covered by UM/UIM coverage?
If you're not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
You may want advice from an agent
A small number of people just prefer to get advice from a local agent and doing that can be a smart decision One of the great benefits of comparing insurance prices online is you can get lower rates and also buy local.
To help locate an agent, after submitting this short form, your insurance coverage information is instantly submitted to insurance agents in Cincinnati who can give free rate quotes for your auto insurance coverage. You won't need to contact any insurance agencies as quotes are delivered to you. It's the lowest rates and a licensed agent to work with. If you wish to compare prices from one company in particular, feel free to find their quoting web page and fill out their quote form.
Finding the right company requires more thought than just a cheap price quote. These questions are important to ask:
- Do they reduce claim amounts on high mileage vehicles?
- Does the agency have a current Errors and Omissions policy?
- Who is covered by the car insurance policy?
- Will a damage claim use OEM or aftermarket replacement parts?
- What kind of financial rating does the company have?
- Are they actively involved in the community?
When researching a local agent, there are a couple of types of insurance agents and how they work. Auto insurance policy providers are considered either exclusive agents or independent agents.
These agents write business for a single company such as State Farm, Allstate, and Farm Bureau. They generally cannot compare other company's rates so they are skilled at selling on more than just price. Exclusive insurance agents are highly trained in insurance sales and that enables them to sell even at higher rates.
Below is a short list of exclusive insurance agents in Cincinnati that can give you price quotes.
Agents of this type can quote rates with many companies so they can write business with many different companies and possibly get better coverage at lower prices. If they find a cheaper price, your agent can just switch to a different company and the insured can keep the same agent.
When comparison shopping, we recommend you include a few independent agents in order to have the best price comparison.
The following are independent insurance agencies in Cincinnati willing to provide rate quotes.
Insurance coverages 101
Having a good grasp of a insurance policy can help you determine the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you'll find typical coverage types available from insurance companies.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like rehabilitation expenses, hospital visits, ambulance fees, X-ray expenses and dental work. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
Liability coverage can cover injuries or damage you cause to other's property or people that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.
Liability insurance covers things like attorney fees, structural damage, medical expenses, repair costs for stationary objects and pain and suffering. How much coverage you buy is up to you, but you should buy as high a limit as you can afford. Ohio requires minimum liability limits of 25/50/25 but you should think about purchasing better liability coverage.
The chart below shows why minimum state limits may not be adequate coverage.
This pays for damage to your Camry caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like colliding with another moving vehicle, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible on your Camry to save money on collision insurance.
Comprehensive auto coverage
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like fire damage, hail damage, rock chips in glass and hitting a bird. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don't have enough coverage. It can pay for injuries sustained by your vehicle's occupants as well as damage to your Toyota Camry.
Since a lot of drivers only purchase the least amount of liability that is required (25/50/25 in Ohio), it doesn't take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
Compare. Compare. Compare.
As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. In many instances, an insured dropped full coverage and discovered at claim time that the small savings ended up costing them much more. Your objective should be to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.
Discount Toyota Camry insurance in Cincinnati is attainable from both online companies and with local Cincinnati insurance agents, so you should compare both to have the best selection. There are still a few companies who don't offer internet price quotes and usually these small insurance companies prefer to sell through independent agents.
In this article, we covered some good ideas how to find cheaper Toyota Camry insurance in Cincinnati. The key concept to understand is the more providers you compare, the higher your chance of finding the cheapest Toyota Camry rate quotes. You may even discover the lowest prices are with an unexpected company. Some small companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.
More learning opportunities
- Understanding Your Insurance Deductible (Insurance Information Institute)
- What Insurance is Cheapest for a Jeep Wrangler in Cincinnati? (FAQ)
- What Auto Insurance is Cheapest for Felons in Cincinnati? (FAQ)
- Teen Driving and Texting (State Farm)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)