How Much Does 2001 Toyota Camry Car Insurance Cost?

Searching for lower car insurance rates for your Toyota Camry? Did you fall for a flashy sales pitch and buy overpriced car insurance? Trust us when we tell you there are lots of people in the same boat. Companies like State Farm, Allstate, Geico and Progressive promote their brand names with advertising and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.

Consumers should take time to compare rates at least once a year due to the fact that insurance rates tend to go up over time. Even if you think you had the best deal on Camry coverage a couple years back a different company probably has better rates today. There is a lot of wrong information about car insurance online but with this article, you’re going to get some great ideas on how to reduce your car insurance bill.

Which Auto Insurance is Cheapest?

There are a lot of ways you can shop for auto insurance but there is one way that is more efficient than others. You can waste a few hours (or days) driving to insurance agencies in your area, or you can utilize online quotes to accomplish the same thing much quicker.

Most of the larger companies enroll in a system where insurance shoppers enter their policy data once, and each participating company returns a competitive quote. This eliminates the need for quote forms to each individual auto insurance company.

To get comparison pricing now click here to start a free quote.

One minor caviat to using this type of system is buyers cannot specifically choose the companies to receive prices from. So if you prefer to choose specific insurance companies to compare rates, we have a listing of low cost auto insurance companies in your area. Click here for list of insurance companies.

Whichever way you use, ensure you’re using identical coverage limits for each comparison quote. If each company quotes differing limits it’s impossible to make an equal comparison.

Advertising myths

Consumers get pounded daily by advertisements for the lowest price auto insurance by companies like State Farm and Allstate. All the ads say the same thing that you can save if you switch to them.

But how can every company make the same claim? It’s all in the numbers.

Different companies are able to cherry pick for the driver they prefer to insure. For instance, a desirable insured might be between the ages of 40 and 55, is a homeowner, and drives newer vehicles. A driver that hits that “sweet spot” will get very good rates and is almost guaranteed to cut their rates substantially.

Consumers who don’t meet the requirements must pay higher premiums which leads to the driver buying from a lower-cost company. Company advertisements say “people who switch” not “people who quote” save that kind of money. That is how companies can truthfully make the claims of big savings.

This illustrates why you should quote coverage with many companies. It is impossible to predict the company that will fit your personal profile best.

Don’t miss these discounts

Properly insuring your vehicles can get expensive, but there could be available discounts to help offset the cost. Some trigger automatically when you quote, but less common discounts must be asked about before you get the savings. If you aren’t receiving every discount available, you are paying more than you should be.

  • No Claims – Good drivers with no accidents can earn big discounts compared to accident-prone drivers.
  • Defensive Driver – Taking part in a course teaching defensive driving skills could save 5% or more depending on where you live.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.
  • Early Switch Discount – Some insurance companies reward drivers for switching to them prior to your current policy expiration. It’s a savings of about 10%.
  • Discount for Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
  • Good Student – This discount can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Seat Belt Usage – Requiring all passengers to use their safety belts could cut 10% or more off the personal injury premium cost.

Keep in mind that many deductions do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will cut the cost of coverage.

A partial list of companies that possibly offer these money-saving discounts may include but are not limited to:

Double check with each insurance company which discounts they offer. Some discounts might not be offered everywhere.

When might I need help?

When it comes to buying the right insurance coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions can help discover if you will benefit from professional help.

  • Do I need to file an SR-22 for a DUI in my state?
  • Are rock chip repairs covered?
  • Does my 2001 Toyota Camry need full coverage?
  • Is my 2001 Toyota Camry covered for smoke damage?
  • Does medical payments coverage apply to all occupants?
  • Should I bundle my homeowners policy with my auto?
  • What is high-risk coverage and where do I buy it?
  • Are there companies who specialize in insuring high-risk drivers?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.

Insurance coverage considerations

Understanding the coverages of insurance helps when choosing appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy. These are the normal coverages found on the average insurance policy.

Comprehensive coverage

Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like vandalism, hitting a deer, hitting a bird, falling objects and a broken windshield. The most you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses such as surgery, prosthetic devices, pain medications and doctor visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Collision protection

Collision insurance covers damage to your Camry resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as colliding with another moving vehicle, crashing into a building, backing into a parked car, hitting a parking meter and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Liability

Liability insurance will cover damage or injury you incur to people or other property. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage protects against claims like bail bonds, pain and suffering and loss of income. How much coverage you buy is up to you, but buy as large an amount as possible.

Uninsured/Underinsured Motorist coverage

This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and damage to your 2001 Toyota Camry.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Normally these coverages are similar to your liability insurance amounts.

Final thoughts

Lower-priced 2001 Toyota Camry insurance can be sourced from both online companies in addition to many insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. A few companies do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.

We just covered a lot of information how to save on insurance. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest priced insurance coverage comes from a small local company. Some small companies may often insure only within specific states and give getter rates compared to the large companies like State Farm and Allstate.

Much more information about insurance coverage can be read below: