Cheap 2008 Toyota Camry Hybrid Insurance Quotes

Looking for better insurance coverage rates for your Toyota Camry Hybrid? Finding the cheapest insurance coverage online can seem to be difficult for beginners to comparing rates online. Because there are so many online companies available, how can anyone have a chance to compare every company to locate the best available rates?

It is always a good idea to check insurance coverage prices occasionally since rates trend upward over time. Just because you had the lowest rates on Camry Hybrid coverage six months ago you will most likely find a better rate today. Starting now, forget all the misinformation about insurance coverage because you’re going to learn how to use online quotes to lower your annual insurance bill.

If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. The purpose of this post is to instruct you on the most effective way to quote insurance and some tips to save money. But car owners need to learn how big insurance companies compete online and use this information to your advantage.

Why you might be paying too much to insure your Toyota Camry Hybrid

Smart consumers have a good feel for the rating factors that come into play when calculating the rates you pay for insurance. Knowing what determines base rates enables informed choices that could result in much lower annual insurance costs.

The list below includes some of the items insurance companies consider when setting premiums.

  • Drive less and save money – The more you drive every year the higher your rates will be. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos used primarily for pleasure use qualify for better rates as compared to vehicles used primarily for driving to work. Improper usage on your Camry Hybrid may be wasting your money. Double check that your insurance policy is rated on the correct driver usage.
  • Don’t sacrifice liability coverage – Liability coverage is the coverage that protects you if a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Careful drivers pay lower rates – Careful drivers receive lower rates compared to drivers with tickets. Even one moving violation can boost insurance rates by as much as thirty percent. Drivers with flagrant tickets such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to keep their license.
  • Your car’s features help determine rates – Choosing a vehicle with anti-theft technology or alarm system can help lower your rates. Anti-theft devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.
  • Better crash test results mean better rates – Vehicles with good safety scores are cheaper to insure. Safe vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies and thus lower rates. If your Toyota Camry Hybrid has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
  • Pay less if you’re married – Having a spouse can get you a discount on insurance. Having a spouse usually means you are more mature than a single person it has been statistically shown that married couples file fewer claims.
  • Discounts for multiple policies – Some insurance companies give discounts to customers who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, you still need to compare other company rates to ensure the best deal.
  • Better credit means lower rates – Credit score is a huge factor in calculating your insurance rates. If your credit score is lower than you’d like, you could be paying less to insure your 2008 Toyota Camry Hybrid by improving your rating. People with high credit ratings tend to be more responsible than drivers with poor credit.

Do you qualify for discounts?

Companies offering auto insurance don’t always publicize every discount very clearly, so here is a list both the well known and also the lesser-known ways to save on insurance.

  • No Charge for an Accident – A few companies allow you one accident before raising your premiums so long as you haven’t had any claims for a particular time prior to the accident.
  • Paperwork-free – Some insurance companies give back up to $50 just for signing your application online.
  • Student in College – Youth drivers who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Homeowners Discount – Being a homeowner can help you save on insurance because owning a home is proof that your finances are in order.
  • Good Student Discount – This discount can earn a discount of 20% or more. This discount can apply until age 25.

Drivers should understand that most of the big mark downs will not be given to the entire policy premium. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, it just doesn’t work that way.

Insurance companies that may offer some of the above discounts are:

Before buying, ask all companies you are considering how you can save money. Discounts may not apply in your state.

How can Geico, State Farm and Progressive save drivers who switch?

Geico, State Farm and Progressive continually stream ads in print and on television. All the companies make an identical promise of big savings after switching to them. How does each company claim to save you money? This is how they do it.

Insurance companies are able to cherry pick for the type of customer that is profitable for them. An example of a profitable customer might be profiled as between the ages of 40 and 55, is a homeowner, and has a short commute. Any new insured who matches those parameters will get very good rates and most likely will save a lot of money.

Drivers who don’t meet these standards must pay a more expensive rate which leads to the customer not buying. The ad wording is “people who switch” not “everybody who quotes” save that much. That’s the way insurance companies can confidently state the savings. This illustrates why you need to get a wide range of price quotes. It is impossible to predict which insurance companies will fit your personal profile best.

Don’t assume everyone needs the same coverage

When it comes to choosing proper insurance coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different.

For example, these questions could help you determine if your situation might need professional guidance.

  • Should I buy more coverage than the required minimum liability coverage?
  • Should I buy full coverage?
  • Is my trailer covered?
  • Am I covered when driving someone else’s vehicle?
  • Who is covered by my policy?
  • Are rock chip repairs covered?
  • What is PIP insurance?

If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form.

The coverage is in the details

Having a good grasp of a car insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Liability car insurance

This can cover injuries or damage you cause to a person or their property. It protects you against other people’s claims. It does not 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. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage pays for claims such as funeral expenses, bail bonds, court costs, structural damage and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Collision protection

This will pay to fix damage to your Camry Hybrid from colliding with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims like sustaining damage from a pot hole, damaging your car on a curb and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Another option is to increase the deductible to get cheaper collision coverage.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Toyota Camry Hybrid.

Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for bills like funeral costs, doctor visits and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Comprehensive (Other than Collision)

This pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as damage from a tornado or hurricane, falling objects, hitting a deer and hitting a bird. The maximum amount your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

A little work can save a LOT of money

We’ve covered some good ideas how you can save on 2008 Toyota Camry Hybrid insurance. It’s most important to understand that the more you quote, the better chance you’ll have of finding lower rates. You may even discover the best price on insurance coverage is with a company that doesn’t do a lot of advertising.

Drivers leave their current company for a variety of reasons including delays in responding to claim requests, delays in paying claims, high rates after DUI convictions and even policy cancellation. It doesn’t matter what your reason, choosing a new company can be less work than you think.

As you go through the steps to switch your coverage, it’s very important that you do not reduce needed coverages to save money. There are many occasions where an insured dropped uninsured motorist or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage at an affordable rate while not skimping on critical coverages.

More detailed insurance coverage information can be found in these articles: