View 1996 Toyota Camry Car Insurance Cost

Have you had enough of trying to scrape together enough money each month for car insurance? You’re in the same situation as many other drivers.

You have multiple insurance companies to choose from, and although it’s nice to be able to choose, it can be more challenging to find the best rates.

Finding affordable auto insurance coverage is quite easy. Basically, anyone who is required by state law to have auto insurance should be able to lower their premiums. Although drivers must know how companies market insurance on the web because it can help you find the best coverage.

Toyota Camry premiums are determined by many factors

An important part of buying insurance is that you know the different types of things that go into determining your insurance coverage rates. Knowing what controls the rates you pay allows you to make educated decisions that could result in much lower annual insurance costs.

  • Rural vs Urban Areas – Choosing to live in less populated areas can save you money when buying insurance coverage. City drivers have traffic congestion and much longer commute distances. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims.
  • Safer cars are cheaper to insure – Vehicles with good safety scores get lower rates. These vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and lower rates for you. If your Toyota Camry earned at least four stars on Safercar.gov it may be receiving lower rates.
  • Mature drivers pay less – More mature drivers are more cautious drivers, tend to file fewer claims and are safer drivers. Teen drivers are statistically proven to be more careless when driving therefore insurance coverage rates are much higher.
  • Having a spouse can save you money – Being married actually saves money when buying insurance coverage. Marriage usually means you are more responsible and it’s proven that married couples file fewer claims.
  • More miles equals more premium – Driving more miles in a year the more you’ll pay to insure your vehicle. The majority of insurers rate vehicles based on how the vehicle is used. Vehicles left parked in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Make sure your insurance coverage coverage is showing the proper vehicle usage, because it can save money. Incorrect usage on your Camry can result in significantly higher rates.
  • No coverage gaps is important – Allowing your insurance coverage policy to lapse is a sure-fire way to pay more for insurance coverage. And not only will your rates increase, failure to provide proof of insurance will get you a license revocation or jail time.
  • Protect yourself with liability coverage – The liability section of your policy will protect you when you are found liable for causing damage or personal injury in an accident. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Do you have a high stress job? – Did you know your occupation can influence how much you pay for insurance coverage? Careers like doctors, executives and accountants are shown to have higher rates than average because of high stress and long work hours. On the flip side, jobs such as farmers, athletes and performers pay the least on Camry insurance.

The best way to compare car insurance rates is to know the trick almost all companies will pay a fee to compare their rates. The only thing you need to do is provide a little information including whether the vehicles are used for commuting, your education level, if it has an alarm system, and distance driven. That rating data is sent automatically to insurance companies and they respond with quotes with very little delay.

How much can you save with discounts?

Insuring your fleet can be pricey, but companies offer discounts that many people don’t even know exist. Some discounts apply automatically at the time you complete a quote, but less common discounts must be asked about before you get the savings.

  • Claim Free – Claim-free drivers pay much less when compared to accident-prone drivers.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy may reduce the rate for each vehicle.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems can reduce accidents and earn discounts up to 10%.
  • Homeowners Savings – Owning a house may trigger a auto insurance policy discount because owning a home shows financial diligence.
  • New Car Discount – Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • Pay Upfront and Save – By paying your policy upfront instead of making monthly payments you could save up to 5%.
  • Defensive Driver – Taking a course in driver safety could cut 5% off your bill if you qualify.
  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education if offered at their school.
  • Sign Early and Save – A few companies offer discounts for signing up before your current policy expires. It can save you around 10%.
  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Camry insurance than drivers with accident claims.

It’s important to note that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like having all the discounts means you get insurance for free, it just doesn’t work that way. But all discounts will reduce your premiums.

To see a list of insurers who offer auto insurance discounts, follow this link.

How much car insurance do I need?

When it comes to buying the best auto insurance coverage, there isn’t really a single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions might point out if your insurance needs would benefit from an agent’s advice.

  • How much can I save by bundling my policies?
  • How do I file an SR-22 for a DUI in my state?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • When should I drop full coverage on my 1996 Toyota Camry?
  • Should I bundle my homeowners policy with my auto?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Should I have a commercial auto policy?
  • Is my teen driver covered when they drive my company car?

If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.

Car insurance 101

Understanding the coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are the normal coverages offered by insurance companies.

Medical expense coverage

Med pay and PIP coverage reimburse you for short-term medical expenses for things like surgery, prosthetic devices, hospital visits, ambulance fees and pain medications. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive protection

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as damage from flooding, damage from a tornado or hurricane and hitting a deer. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Liability

Liability insurance can cover injuries or damage you cause to people or other property in an accident. It protects you against claims from other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims such as repair bills for other people’s vehicles, court costs, loss of income and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.

Collision insurance

Collision coverage will pay to fix damage to your Camry resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like crashing into a ditch, scraping a guard rail and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also raise the deductible to save money on collision insurance.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Toyota Camry.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

At the end of the day…

In this article, we covered a lot of information how to get a better price on 1996 Toyota Camry insurance. The most important thing to understand is the more you quote, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with the smaller companies. They may cover specific market segments cheaper than their larger competitors like State Farm, Geico and Nationwide.

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, someone sacrificed full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find for the lowest price while still protecting your assets.

Low-cost insurance can be bought both online as well as from independent agents, and you need to price shop both so you have a total pricing picture. Some insurance providers don’t offer you the ability to get quotes online and these small, regional companies work with independent agents.

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