Toyota Camry insurance image courtesy of QuoteInspector.com
Locating the cheapest insurance for a Toyota Camry in Ohio could be an all-consuming task, but you can use our insurance buying tips and make it easy.
There is a better way to buy insurance so you're going to learn the quickest way to price shop coverage for your Toyota and obtain the best price possible from Columbus insurance agents and online providers.
You need to take a look at other company's rates yearly because insurance rates change quite often. Despite the fact that you may have had the lowest rate on Toyota Camry insurance in Columbus six months ago other companies may now be cheaper. Forget all the misinformation about insurance because you're about to learn the quickest way to save on insurance.
Where can I get affordable Columbus Toyota Camry insurance?
Finding a lower price on Toyota Camry insurance is actually easier than you may think. All that's required is to spend a few minutes comparing rate quotes to see which company has low cost Columbus auto insurance quotes.
The providers in the list below are ready to provide quotes in Ohio. If several companies are displayed, it's highly recommended you visit as many as you can to find the lowest car insurance rates.
Why car insurance is not optional
Even though Columbus Camry insurance rates can get expensive, buying car insurance serves an important purpose.
- Almost all states have compulsory liability insurance requirements which means the state requires a specific level of liability coverage in order to license the vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Camry with a loan, almost every bank will have a requirement that you have insurance to guarantee loan repayment. If you let the policy lapse, the bank will be required to insure your Toyota for a lot more money and require you to reimburse them much more than you were paying before.
- Insurance protects not only your Toyota but also your financial assets. It will also provide coverage for most medical and hospital costs that are the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you cause an accident and are sued. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of having car insurance greatly outweigh the cost, especially for larger claims. But the average driver in Ohio overpays as much as $869 every year so you should quote rates every year to be sure current rates are still competitive.
Toyota Camry insurance rate analysis
The coverage information shown next highlights different coverage costs for Toyota Camry models. Being aware of how policy rates are calculated is important for drivers to make informed purchases.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Ohio minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Prices do not factor in specific garaging location which can change premiums greatly.
Should you buy full coverage?
The illustration below shows the comparison of Toyota Camry yearly insurance costs with full physical damage coverage and with liability coverage only. The data is based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are applied.
Are you wasting money paying for full coverage?
There is no set guideline to stop buying comp and collision coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let's say your Toyota Camry claim settlement value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $7,000 after paying your policy deductible. If you are paying in excess of $700 annually for your policy with full coverage, then you might consider buying liability only.
There are some scenarios where removing full coverage is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage.
Columbus car insurance discounts
Not too many consumers would say car insurance is affordable, but there's a good chance there are discounts to cut the cost considerably. Many of these discounts will be applied automatically when you quote, but less common discounts must be inquired about before you will receive the discount.
- Active Military Service - Being deployed with a military unit could qualify you for better prices.
- Telematics Devices - Policyholders that allow companies to monitor driving habits by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm might see lower rates if they exhibit good driving behavior.
- Safety Course Discount - Completing a course in safe driver could earn you a small percentage discount if you qualify.
- Save with a New Car - Adding a new car to your policy can cost up to 25% less because newer vehicles have to meet stringent safety requirements.
- Claim-Free Discount - Columbus drivers who stay claim-free pay much less as compared to accident-prone drivers.
- Paperless Signup - Certain car insurance companies will discount your bill up to fifty bucks shop Columbus auto insurance digitally online.
It's important to understand that most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as medical payments or collision. Just because you may think you could get a free car insurance policy, company stockholders wouldn't be very happy. Any amount of discount will reduce your overall premium however.
The chart below visualizes the comparison of Toyota Camry auto insurance costs with and without discounts being applied to the rates. The price estimates are based on a male driver, a clean driving record, no at-fault accidents, Ohio state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-policy, multi-car, and safe-driver discounts applied.
Companies and some of the premium reductions they offer can be read below.
- Farm Bureau may have discounts that include good student, safe driver, multi-vehicle, 55 and retired, and driver training.
- MetLife may offer discounts for good student, multi-policy, good driver, claim-free, and defensive driver.
- Progressive has discounts for online signing, good student, multi-policy, continuous coverage, and online quote discount.
- AAA has savings for education and occupation, anti-theft, multi-policy, pay-in-full, AAA membership discount, multi-car, and good student.
- American Family offers discounts for good student, early bird, multi-vehicle, TimeAway discount, and accident-free.
- GEICO offers discounts including driver training, five-year accident-free, emergency military deployment, military active duty, and air bags.
- State Farm discounts include driver's education, multiple policy, Steer Clear safe driver discount, good driver, safe vehicle, passive restraint, and good student.
When getting a coverage quote, ask each company to give you their best rates. Some of the earlier mentioned discounts may not be offered in Columbus.
When do I need an agent's advice?
When buying the right insurance coverage, there really isn't a best way to insure your cars. Coverage needs to be tailored to your specific needs.
These are some specific questions might point out if your insurance needs will benefit from professional help.
- Am I covered when driving in Canada or Mexico?
- How long can I keep a teen driver on my policy?
- Is borrowed equipment or tools covered if stolen or damaged?
- What is PIP insurance?
- Will I lose any money if I cancel my policy before it expires?
- What is UM/UIM insurance?
If you can't answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form. It only takes a few minutes and you can get the answers you need.