Save Money on Toyota Camry Insurance in Riverside

Insurance quote for Toyota Camry in RiversideHow many times have you put off comparing quotes for more competitive auto insurance rates in Riverside, CA? Riverside shoppers have many options when shopping for affordable Toyota Camry insurance. They can either spend hours calling around getting price quotes or utilize the internet to get rate quotes. There are both good and bad ways to compare auto insurance rates and we’ll show you the proper way to compare rates for a Toyota and obtain the lowest price either online or from Riverside insurance agents.

Locating the best rates in Riverside is quite easy if you know the best way to do it. If you have coverage now, you will be able to get lower rates using the ideas you’re about to read. You just have to understand the proper methods to compare rate quotes using one simple form.

Most companies allow you to get insurance quotes on their websites. Getting online rates for Toyota Camry insurance in Riverside can be done by anyone as all you need to do is type in the coverage amounts you desire into the form. When the form is submitted, the company’s rating system automatically orders your driving record and credit report and returns a price.

Getting online quotes for Toyota Camry insurance in Riverside makes it a lot easier to compare rates and it is important to get many rate quotes in order to get the most affordable premium on auto insurance.

To save time and find out what other companies charge, check out the auto insurance providers below. If you have a policy now, it’s recommended you enter coverages and limits just like they are on your policy. Doing this guarantees you will get rate quotes for the exact same coverage.

The auto insurance companies shown below are our best choices to provide free quotes in California. If several companies are displayed, we recommend you compare several of them to get the best price comparison.

Analysis of Toyota Camry rates

The table shown below covers estimates of insurance prices for Toyota Camry models. Learning as much as possible about how car insurance prices are calculated can be useful when making informed decisions when comparing rates.

Toyota Camry Insurance Rates in Riverside, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $294 $564 $500 $30 $150 $1,538 $128
Camry SE $294 $664 $500 $30 $150 $1,638 $137
Camry XLE $294 $664 $500 $30 $150 $1,638 $137
Camry Hybrid $332 $664 $564 $34 $168 $1,762 $147
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in vehicle location which can increase or decrease coverage rates substantially.

Can higher deductibles save money?

When buying car insurance, a common question is where should you set your physical damage deductibles. The following insurance rates may help to conceptualize the difference in cost of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.

Toyota Camry insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $380 $686 $442 $26 $132 $1,691 $141
Camry SE $380 $810 $442 $26 $132 $1,815 $151
Camry XLE $380 $810 $442 $26 $132 $1,815 $151
Camry Hybrid $430 $810 $500 $30 $150 $1,945 $162
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Toyota Camry insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $210 $362 $442 $26 $132 $1,172 $98
Camry SE $210 $426 $442 $26 $132 $1,236 $103
Camry XLE $210 $426 $442 $26 $132 $1,236 $103
Camry Hybrid $238 $426 $500 $30 $150 $1,344 $112
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in specific zip code location which can increase or decrease prices substantially.

Based on the figures above, using a $100 deductible costs an average of $47 more each month or $564 every year than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 19 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

Insurance rate increases from tickets or accidents

The information below illustrates how traffic citations and at-fault accidents can drive up Toyota Camry yearly insurance costs for each age group. The premiums assume a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

Full coverage or liability only

The illustration below compares Toyota Camry car insurance rates with full physical damage coverage compared to only buying liability only. The information is based on a clean driving record, no claims, $100 deductibles, drivers are not married, and no policy discounts are applied.

When to stop paying for full coverage

There is no clear-cut formula for excluding comprehensive and collision coverage on your policy, but there is a general guideline. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your Toyota Camry replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after paying the physical damage deductible. If premium cost is more than $200 a year for full coverage, then you might consider buying liability only.

There are some conditions where dropping physical damage coverage is not financially feasible. If you haven’t satisfied your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Discount Riverside insurance rates

Not too many consumers would say insurance is affordable, but you might find some hidden discounts that you may not know about. Certain discounts will be applied at the time of quoting, but once in a while a discount must be asked for before being credited.Cheaper insurance with discounts

Please keep in mind that most credits do not apply to the entire policy premium. Most cut the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you can get free auto insurance, companies wouldn’t make money that way. But all discounts will help lower the cost of your policy.

The information below compares Toyota Camry insurance costs with and without discounts. The premium estimates are based on a female driver, no claims or driving citations, California 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 safe-driver, claim-free, marriage, multi-policy, multi-car, and homeowner discounts applied.

If you would like to choose from a list of providers offering insurance discounts in California, follow this link.

Auto insurance is not optional in California

Despite the potentially high cost of Toyota Camry insurance, auto insurance is required by state law in California and it also provides benefits you may not be aware of.

First, almost all states have minimum mandated liability insurance limits which means state laws require a specific level of liability in order to drive the car. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your vehicle has a loan, most banks will make it a condition of the loan that you carry insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may buy a policy for your Toyota at a more expensive rate and force you to pay the higher price.

Third, insurance protects your Toyota Camry and your assets. Insurance will also pay for medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance will also pay to defend you in the event you are sued. If your car is damaged in a storm or accident, comprehensive and/or collision insurance will pay to have it repaired.

The benefits of buying auto insurance definitely exceed the cost, especially if you ever need it. The average driver in California overpays as much as $800 each year so you should quote rates at every policy renewal to ensure rates are competitive.

Buying auto insurance from Riverside insurance agents

Some people would rather get advice from a local agent and doing so can bring peace of mind Experienced insurance agents can help you build your policy and give you someone to call. A good thing about getting online price quotes is the fact that you can find lower car insurance rates but still work with a licensed agent.

Find insurance agent in RiversideBy using this short form, your insurance data is submitted to companies in Riverside who will give competitive quotes to get your business. There is no need to leave your house since rate quotes are delivered to you. If you have a need to get a comparison quote from a specific insurance company, feel free to visit that company’s website and complete a quote there.

Finding the right company requires you to look at more than just the price. The answers to these questions are important, too.

If you would like to find a local insurance agency, it can be helpful to understand the types of insurance agents to choose from. Auto insurance agents in Riverside can be classified as either independent agents or exclusive agents depending on their employer. Either type can insure your vehicles properly, but it is a good idea to know the difference between them because it can impact which type of agent you select.

Exclusive Agencies

These type of agents write business for a single company like Allstate, Farmers Insurance or State Farm. They are unable to provide prices from multiple companies so you might not find the best rates. These agents are very knowledgeable in insurance sales which helps overcome the inability to quote other rates. Some insured continue to buy from the same agent for years partially due to loyalty to the company rather than having the cheapest rates.

Listed below is a list of exclusive agencies in Riverside that can give you price quote information.

More Riverside agents

Independent Agents (or Brokers)

Agents of this type do not write with just one company so they can insure your vehicles through lots of different companies and get the cheapest rates. To move your coverage to a new company, an independent agent can move your coverage without you having to go to a different agency.

When comparing rate quotes, you should always include price quotes from independent agents to get the most accurate price comparison. Many write coverage with additional companies that you may not be familiar with which may have better rates.

Shown below are independent agencies in Riverside that can give you comparison quotes.

More Riverside agents