Save Money on Toyota Camry Insurance in Cleveland

It takes a little time, but the best way to get discount auto insurance rates in Cleveland is to do an annual price comparison from insurers who can sell car insurance in Ohio.

• First, it will benefit you to learn about how companies set rates and the measures you can take to keep rates down. Many policy risk factors that drive up the price such as at-fault accidents, speeding tickets, and a negative credit rating can be rectified by paying attention to minor details. Keep reading for tips to get affordable coverage and find more discounts that you may not know about.
• Second, get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like GEICO or Allstate, while independent agencies can give you price quotes for a wide range of insurance providers.
• Third, compare the new rate quotes to your current policy premium and see if there is a cheaper rate in Cleveland. If you find better rates, ensure there is no coverage lapse between policies.

The most important part of shopping around is that you use the same liability limits and deductibles on every price quote and and to get rate quotes from as many car insurance companies as possible. This provides a fair price comparison and the best rate selection.

Anyone knows that auto insurance companies want to keep you from comparing rates. Insureds who shop rates annually will presumably switch insurance companies because the odds are good of finding discount prices. A recent survey revealed that drivers who compared price quotes annually saved approximately $865 annually compared to other drivers who never shopped around.

If finding the lowest price on insurance in Cleveland is your goal, then having an understanding of the best ways to find and compare insurance coverage can save money and time.

Cheapest companies for Toyota Camry insurance in Ohio

The providers in the list below have been selected to offer price comparisons in Ohio. If your goal is to find cheaper car insurance in Cleveland, we recommend you click on several of them in order to find the cheapest rates.

Analysis of coverages

The rate information displayed next highlights detailed analysis of insurance premium costs for Toyota Camry models. Learning as much as possible about how insurance quotes are formulated can be useful when making informed decisions when shopping around for a new policy.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in garaging location in Cleveland which can influence insurance rates substantially.

Choosing deductibles

One common question asked by Cleveland drivers is which deductible level should you buy. The following tables lay out the costs and benefits of buying low and high coverage deductibles. The first data table uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium costs do not factor in your specific Cleveland location which can change rates substantially.

Based on the data above, we can derive that using a $100 deductible costs roughly $25 more each month or $300 annually averaged for all Camry models than choosing the higher $1,000 deductible. Since you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 36 months between claim filings, you would save money by selecting a higher deductible.

Male drivers compared to female drivers

The diagram below visualizes the comparison of Toyota Camry car insurance rates for male and female drivers. The rates are based on no claims, a clean driving record, comp and collision included, $100 deductibles, single status, and no discounts are applied.

Cost comparison with and without full coverage

The example below compares Toyota Camry insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no accidents, no driving violations, $250 deductibles, drivers are single, and no discounts are taken into consideration.

When to drop comprehensive and collision

There is no exact rule of when to exclude full coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Toyota Camry book value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most you would get paid by your company is $5,000 after paying your deductible. If premiums are more than $500 a year for full coverage, then you may want to consider only buying liability coverage.

There are some circumstances where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage in place.

Four factors that impact insurance rates

Lots of things are considered when quoting car insurance. Some are pretty understandable like a motor vehicle report, but others are less obvious like your continuous coverage and annual miles driven.

The list below includes some of the most rate-impacting factors companies use to determine prices.

Increase coverage deductibles to save – The deductibles are how much you are willing to pay if the claim is covered. Physical damage coverage, aka comp and collision, insures against damage to your car. Some instances where coverage would apply would be colliding with a stationary object, damage caused by hail, and damage from wind. The more damage repair cost you choose to pay out-of-pocket, the lower your rates will be.

Qualify for multi-policy discounts – Most insurance companies afford a discount to people that purchase more than one policy in the form of a multi-policy discount. Even with this discount applied, drivers will still want to compare other company rates to ensure the best deal. Drivers may still save money by buying insurance from more than one company.

Additional coverages that may be costing you – Policies have optional add-on coverages that can waste your money when buying insurance. Insurance for rental car coverage, accidental death, and membership fees are some examples. They may seem good initially, but if you don’t need them eliminate them to save money.

Higher rates for coverage lapses – Having an insurance coverage lapse is a sure-fire way to increase your renewal premiums. Not only will rates go up, the inability to provide proof of insurance may earn you a hefty fine and possibly a revoked license. You may then be required to file a SR-22 with the Ohio DMV.

Toyota Camry statistical loss data – Insurance companies use historical loss data to calculate a price that will offset any claims. Vehicles that the data determines to have higher frequency or amount of claims will have a higher premium rate. The table below outlines the historical insurance loss data for Toyota Camry vehicles.

For each coverage category, the loss probability for all vehicles, regardless of make or model, is equal to 100. Values that are below 100 suggest a better than average loss history, while percentage numbers above 100 point to more frequent losses or tendency to have larger claims.

Car insurance discounts help lower rates for Toyota Camry insurance in Cleveland

Some companies don’t always publicize every discount available in a way that’s easy to find, so here is a list some of the more common and the harder-to-find credits available to lower your premiums when you buy Cleveland car insurance online.

• Distant College Student Discount – Any of your kids who attend college more than 100 miles from Cleveland and do not have a car may qualify for this discount.
• Early Switch Discount – A few larger companies give discounts for renewing your policy before your current Camry insurance policy expires. It can save you around 10%.
• Multi-policy Discount – If you have multiple policies with one company you will save at least 10 to 15 percent or more.
• Smart Student Discounts – A discount for being a good student can get you a discount of up to 25%. Most companies allow this discount well after school through age 25.
• Discount for Home Ownership – Just owning your own home can save you money because owning a home is proof of financial responsibility.
• Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them successfully take a driver’s education course in school.
• Senior Citizens – Older drivers can get a slight reduction on a Cleveland car insurance quote.
• Fewer Miles Equal More Savings – Maintaining low annual mileage can qualify you for substantially lower car insurance rates.

One thing to note about discounts is that most discount credits are not given to all coverage premiums. A few only apply to specific coverage prices like collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, it just doesn’t work that way.

The diagram below illustrates the comparison of Toyota Camry annual premium costs with and without discounts applied to the policy premium. The costs are based on a female driver, no violations or claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, safe-driver, multi-car, multi-policy, and homeowner discounts applied.

To see companies who offer car insurance discounts in Ohio, click here.

When should I have guidance from an agent?

Many drivers just want to talk to a local agent and that is just fine! The best thing about comparing car insurance online is that you can obtain cheap rate quotes and still have an agent to talk to.

After completing this form (opens in new window), your insurance coverage information is transmitted to companies in Cleveland who will gladly provide quotes for your car insurance coverage. You never need to contact any insurance agencies since rate quotes are delivered to you directly. You can get cheaper car insurance rates without having to waste a lot of time. If you want to get a comparison quote from a particular provider, don’t hesitate to find their quoting web page to submit a rate quote request.

Finding the right provider requires you to look at more than just the bottom line cost. Below are some questions you should ask.

• Do they see any coverage gaps in your plan?
• Are they able to provide referrals?
• Which company do they place the most coverage with?
• Does the company have a solid financial rating?
• Do they have a Better Business Bureau rating in Cleveland?
• Do they specialize in personal lines coverage in Cleveland?
• Are they actively involved in the community?
• Do the agents have professional certifications like CPCU or CIC?

If you want to buy car insurance from an insurance agent, it’s helpful to know the different types of agencies that differ in how they can insure your vehicles. Car insurance agents can either be independent agents or exclusive agents.

Exclusive Car Insurance Agencies

Exclusive agencies can only provide one company’s prices like State Farm, AAA, and Liberty Mutual. Exclusive agents cannot shop your coverage around so they have no alternatives for high prices. Exclusive agents are highly trained on their products and sales techniques which helps overcome the inability to quote other rates. Some people will only buy from the same agent for years mostly because of the prominent brand name rather than having the cheapest rates.

Shown below is a short list of exclusive insurance agencies in Cleveland willing to provide price quote information.

• Allstate Insurance: Nanci Cieckiewicz
  4719 State Rd – Cleveland, OH 44109 – (216) 739-0990 – View Map
• Allstate Insurance: Eslick Insurance and Financial Services
  2775 S Moreland Blvd Ste 203 – Cleveland, OH 44120 – (216) 283-5570 – View Map
• Allstate Insurance: Teresa C. Paez
  15105 Puritas Ave – Cleveland, OH 44135 – (216) 362-6526 – View Map

More insurance agents

Independent Agents (or Brokers)

Agents in the independent channel do not sell for just one brand so they can quote policies through many different car insurance companies depending on which coverage is best. If prices rise, they can switch companies in-house and you can keep the same agent. When comparing rates, you will want to include rate quotes from at least one independent agent in order to have the best price comparison. Many write coverage with additional companies that you may not be familiar with which can save you money.

Below is a short list of independent agents in Cleveland that are able to give comparison quotes.

• AandA Action Auto Insurance Agency
  3421 Prospect Ave E – Cleveland, OH 44115 – (216) 361-8988 – View Map
• Mraz Insurance Agency
  20180 Center Ridge Rd – Cleveland, OH 44116 – (440) 356-2055 – View Map
• Nationwide Insurance: James F Greer Jr
  16700 Chagrin Blvd – Cleveland, OH 44120 – (216) 752-7100 – View Map

More insurance agents

Car insurance company ratings

Selecting a good quality insurance provider is difficult considering how many companies there are in Cleveland. The company ratings in the next section could help you choose which companies you want to consider when comparing rate quotes.

Top 10 Cleveland Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 92%
2. Erie Insurance – 88%
3. American Family – 88%
4. State Farm – 88%
5. Nationwide – 88%
6. 21st Century – 88%
7. AAA Insurance – 87%
8. Liberty Mutual – 87%
9. Farmers Insurance – 87%
10. The Hartford – 87%

Special considerations

Always remember that when buying the right insurance coverage for your personal vehicles, there really isn’t a “perfect” insurance plan. Every insured’s situation is different and a cookie cutter policy won’t apply.
These are some specific questions could help you determine whether your personal situation would benefit from professional advice.

• Can I pay claims out-of-pocket if I buy high deductibles?
• What is the difference between personal and commercial auto insurance policies?
• What is no-fault insurance?
• Do I get a pro-rated refund if I cancel my policy early?
• Should I sign the liability waiver when renting a car?
• Am I covered if I hit a deer?
• When can I cancel my policy?
• How can I find cheaper teen driver insurance?
• Can I use my car for my catering business?
• Is other people’s property covered if stolen from my vehicle?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies.

Cheaper insurance rates are out there

Budget-friendly insurance in Cleveland can be sourced from both online companies and from local agencies, and you should be comparing both so you have a total pricing picture. Some companies may not offer internet price quotes and many times these smaller companies provide coverage only through independent agents.

Throughout this article, we presented many ideas to compare Toyota Camry insurance premium rates in Cleveland. The key thing to remember is the more price quotes you have, the better likelihood of getting cheaper Cleveland car insurance quotes. You may even be surprised to find that the lowest premium rates come from some of the lesser-known companies. Smaller companies may have significantly lower prices on certain market segments than the large multi-state companies such as State Farm and Allstate.

When buying insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. In too many instances, drivers have reduced uninsured motorist or liability limits only to find out that the savings was not a smart move. Your goal is to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

To learn more, link through to these articles:

• Choosing an Insurance Company (Insurance Information Institute)
• How Much is Auto Insurance for Good Students in Cleveland? (FAQ)
• Who Has Affordable Cleveland Auto Insurance Quotes for Low Income Drivers? (FAQ)
• What Insurance is Cheapest for Nurses in Cleveland? (FAQ)
• What Car Insurance is Cheapest for Drivers with Accidents in Cleveland? (FAQ)
• Auto Insurance 101 (About.com)
• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)