Buying competitive insurance for a Toyota Camry doesn’t take a ton of time, but it hinges on a complicated formula that considers factors such as the age of the Camry, your credit score, and any prior driving offenses you have. Drivers will pay around $1,290 a year for Camry insurance, but that amount is based upon a 30-year-old married female driver with full coverage and $250 deductibles.
Most likely you’re not a 30-year-old female, you might be single instead of married, and you might want liability-only or different deductibles. Different coverage needs are the reason why the way we recommend to find affordable rates for your Toyota is to do your own rate comparisons.
The trim level of your Toyota has an effect on the cost of coverage, so the cost to insure a Camry LE will be $224 less than the price to insure the more costly Camry Hybrid trim level, as demonstrated by the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Information does not factor in vehicle location which can modify premium rates noticeably.
Finding out which company has the cheapest insurance rates for a Toyota Camry will require a bit more work in order to find the lowest price.
Each auto insurance company has a different process for setting prices, so let’s take a look at the overall cheapest insurance companies in Stockton, CA.
Find the Cheapest Auto Insurance for Your Camry
|Rank||Company||Cost Per Year|
|Find Your Rate Go|
USAA may offer some of the most affordable car insurance rates in Stockton at around $1,143 a year. This is $508 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide would also make the list of some of the lowest-priced Stockton, CA car insurance companies.
In the above rates, if you are insured with Century National and switched to USAA, you might see a yearly savings of around $71. Drivers with Nationwide may save as much as $107 a year, and 21st Century insureds might cut rates by $195 a year.
To compare your rates to other California insurance companies, click here to begin a quote or visit several of the following companies.
Remember that these policy rates are averaged for all types of insureds and vehicles and are not factoring in a specific vehicle garaging location for a Toyota Camry. So the insurer that is best for you may not even be in the top 24 companies shown above. That illustrates why you need to get quotes using your own individual information.
How to get discounts on Stockton insurance
Auto insurance companies that offer coverage for a Toyota Camry could also offer policy discounts that can reduce rates by 35% or more if you qualify. Larger insurance companies and a partial list of their discounts can be found below.
- State Farm may have discounts that include accident-free, safe vehicle, driver’s education, multiple policy, Steer Clear safe driver discount, multiple autos, and student away at school.
- Progressive may include discounts for multi-policy, homeowner, multi-vehicle, online quote discount, online signing, good student, and continuous coverage.
- Travelers offers discounts including save driver, hybrid/electric vehicle, student away at school, driver training, multi-policy, home ownership, and continuous insurance.
- American Family policyholders can earn discounts including accident-free, air bags, bundled insurance, mySafetyValet, defensive driver, and TimeAway discount.
- Liberty Mutual has savings for exclusive group savings, teen driver discount, good student, new graduate, newly retired, hybrid vehicle, and safety features.
The example below illustrates the difference between insurance costs with and without policy discounts. The data is based on a female driver, no accidents or driving violations, California state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, safe-driver, accident-free, homeowner, defensive driving course, and multiple policy discounts applied. With discounts applied, theaverage yearly reduction on insurance for a Toyota Camry is 28% or $724.
Full coverage rates compared to liability-only
Saving on insurance is the goal of the majority of people, and one of the best ways to save on the cost of insurance for a Toyota Camry is to buy liability only. The information below shows the difference between premium costs with and without full coverage. The costs are based on no claims or driving violations, $100 deductibles, single status, and no other discounts are factored in.
If averaged out across all ages, physical damage insurance costs $3,225 per year over and above liability coverage. Lot’s of drivers question if you should buy full coverage at all. There is no specific rule to delete physical damage insurance, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
Low rates today, overpriced tomorrow
California insurance rates are impacted by many factors that will increase or decrease the cost of your policy. Simply improving your credit, having a teen driver, or having a fender bender can produce rate changes that may make certain companies cheaper than before.
In addition, insurers change prices as needed in order to maintain liquidity for claims. Significantly higher claims may result in more expensive prices, while a lower level of claims can result in cheaper Camry insurance rates.
For instance, the chart below shows a variety of companies that have the cheapest car insurance in Stockton, CA for a 45-year-old male driver with no prior claims, no tickets, and good credit. If we estimate rates based on his personal risk profile, USAA may have the cheapest car insurance rates in Stockton at $1,330 each year. This is $321 less than the average rate paid by California drivers of $1,651. Wawanesa, CSAA, Nationwide, and Century National round out the rest of the best Stockton, CA auto insurance companies.
The example below compares rates after we give the driver from the first example an accident surcharge, a lower credit rating, and a couple of points charged on his driving record. Because each company has a different formula for determining rates in each state, comparing quotes may result in a different set of affordable companies as shown below.
Grange now has the cheapest auto insurance in Stockton with Mercury, Allstate, GEICO, and Allied also being competitive. This example proves why consumers need to do a thorough rate comparison when trying to get the lowest car insurance rates for a Toyota Camry.
Prices can be altered by many different factors and can increase or decrease at any time, so the most economical company six months ago may now be one of the higher cost companies.
How to find low-cost car insurance for a Toyota Camry
The list below shows some of the better thrifty suggestions that can help California drivers find cheaper car insurance.
- Avoid getting tickets or violations
- Do not file small claims
- Drive a car with a high safety rating
- Avoid accidents and claims
- Drivers with good credit ratings often pay less
- Check for cheaper rates once a year
The last suggestion is extraordinarily important, as we emphasized in this write-up. Car insurance prices can be modified anytime, so don’t be afraid to change insurance companies if you find a cheaper price. Sticking with a specific company is fine, but it’s not recommended if your bullheadedness ends up costing you a fortune every year. Now is a great time to shop around and find cheaper car insurance for a Toyota Camry in Stockton.