Finding cheaper auto insurance for a Toyota Camry in Ohio relies on a lot of rating criteria such as your gender, if you have a tendency to file claims, and your driving record. Drivers pay on average $916 a year to insure their Camry, but that amount is calculated using a 30-year-old single female driver with both comprehensive and collision coverage and $100 deductibles.
This brings up the issue that more than likely you are not 30 and maybe not even a female, married instead of single, or maybe you just want liability only instead of full coverage. Just a slight change in rating variables or coverage information could end up in a significant change in the price of a policy.
This demonstrates why the best way to find cheap auto insurance rates for your Toyota is to put in the effort to do a thorough rate comparison.
Your Toyota’s trim level will most likely have an effect on the yearly cost, so the price you will pay to insure a Camry LE trim level will be $160 less than the insurance cost for the higher-priced Camry Hybrid model, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rate information does not factor in specific garaging location which can impact insurance rates significantly.
Finding the right insurer is difficult considering how many different insurance companies sell coverage in Ohio. The ranking information shown next could help you pick which car insurance companies you want to consider when shopping insurance around for a Toyota Camry.
The rankings below include the largest auto insurers in America, so smaller companies that only insure vehicles in Ohio are not taken into consideration for this list. If you’d like to compare prices from the most competitive companies in Ohio, click this link.
Top 10 Major Auto Insurance Companies Overall in Cleveland
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
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Insurers that provide coverage for a Toyota Camry may provide special discounts that may potentially lower prices by as much as 25% or more if you are eligible to receive them. A list of car insurance companies and their offered discounts include:
- State Farm discounts include driver’s education, defensive driving training, Steer Clear safe driver discount, accident-free, multiple policy, multiple autos, and good driver.
- GEICO has savings for federal employee, military active duty, anti-lock brakes, multi-vehicle, and membership and employees.
- SAFECO may include discounts for accident prevention training, teen safe driver, bundle discounts, anti-theft, and homeowner.
- Farmers Insurance has discounts for distant student, business and professional, teen driver, alternative fuel, homeowner, mature driver, and good student.
- AAA may have discounts that include pay-in-full, AAA membership discount, multi-car, good driver, multi-policy, and anti-theft.
- USAA includes discounts for annual mileage, defensive driver, family discount, multi-policy, good student, multi-vehicle, and military installation.
The example below shows the comparison of insurance premiums with and without discounts applied to the premium. The data assumes a female driver, no claims or violations, Ohio state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The second shows the rates with marriage, vehicle safety, anti-theft, accident-free, homeowner, and multiple policy discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on car insurance for a Toyota Camry is 28% or $405.
The chart below illustrates how choosing a deductible can affect insurance prices when getting quotes for cheap insurance for a Toyota Camry. The price estimates are based on a married female driver, full physical damage coverage, and no policy discounts are applied.
The data above shows that a 40-year-old driver could lower their car insurance rates by $216 a year by changing from a $100 deductible up to a $500 deductible, or save $326 by using a $1,000 deductible. Younger drivers, like the 20-year-old, could drop their prices $536 or even more just by choosing higher deductibles.
If you make the decision to raise deductibles, it is a good idea to have enough spare savings to offset the extra out-of-pocket expense that is associated with using high deductibles.
How to find cheaper auto insurance for a Toyota Camry
Here are a few penny-pinching suggestions that can help Cleveland drivers locate cheap car insurance.
- Increase physical damage deductibles
- Get cheaper liability coverage by choosing a safer vehicle
- Good credit can mean cheaper rates
- At-fault accidents will increase rates
- Ensure your driving record is clean
- Check for cheaper rates once a year
That last tip is extraordinarily significant, as we emphasized in the prior article. Car insurance prices in Cleveland can change in a short period of time, so don’t be afraid to buy from a different company if a better rate can be found. Many drivers tend to have loyalty to a certain company, but it’s not a good idea if that dedication is costing money that could be going to better use. If you have a few minutes, shop around and find cheaper insurance for a Toyota Camry.