Insurance for Toyota CamryHow many years has it been since you compared more competitive Toyota Camry insurance in Reno? Having to pay for overpriced Toyota Camry insurance in Reno can dwindle your bank account and make it hard to pay other bills. Comparing cost estimates can be a smart way to reduce premiums and put more money in your pocket.

Amazingly, a recent study showed that the vast majority of drivers renewed their policy with the same company for more than four years, and just short of a majority have never even shopped around for affordable coverage. Consumers in the U.S. could pocket 46.5% a year just by getting comparison quotes, but they don't understand how simple it is to find affordable insurance by shopping around. Companies like GEICO and Progressive persitently shower you with advertising and it is difficult to separate fact from fiction and take the time to shop coverage around.

It's a good idea to compare premium rates every six months because prices change quite often. Even if you got the lowest price on Toyota Camry insurance in Reno at your last renewal other companies may now be cheaper. Forget all the misinformation about insurance because it's time to teach you the quickest way to save money, get proper coverage and the best rates.

Why Smart Consumers Pay Less for Toyota Camry Insurance

Many factors are used in the calculation when premium rates are determined. Some are pretty understandable like your driving record, but other criteria are less apparent such as your marital status or how financially stable you are.

The itemized list below are some of the things used by insurance companies to determine your rates.

Having a spouse is a bonus - Getting married may earn you lower rates on your policy. Marriage generally demonstrates drivers are less irresponsible and statistics show married drivers tend to file fewer claims.

Premiums are lower the older you get - Teenage drivers in Nevada are statistically shown to be inattentive in a vehicle so car insurance rates are higher. Parents adding a teenage driver to your car insurance policy can cause a big jump in price. Older insureds are more responsible, cause fewer claims and accidents, and are generally more financially stable.

Safer cars lower car insurance rates - Vehicles with good safety scores are cheaper to insure. Highly rated vehicles protect occupants better and fewer injuries translates directly to fewer claims which can result in lower premiums.

Coverage deductibles are a factor - Insurance for physical damage, also known as collision and other-than-collision, insures against damage to your Toyota. Some examples of claims that would be covered are a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. The deductibles you choose tell how much you are willing to pay out-of-pocket before a claim is paid by your company. The more money the insured is willing to pay, the less your company will charge you for insurance.

Do you really need roadside assistance? - Insurance policies have a lot of add-on coverages that you can buy but may not be useful. Insurance for rental car coverage, accidental death, and extra equipment coverage may not be needed and are just wasting money. They may seem good when talking to your agent, but if they're wasting money remove them and pocket the money.

The type of car makes a difference - The performance of the car you need insurance for makes a big difference in how high your rates are. The lowest base rates tend to be for lower performance four cylinder passenger vehicles, but your final cost has many other factors. Because the Toyota Camry is a sedan, rates will be about the same as compared to the average rate in Reno.

Loss statistics for a Toyota Camry - Car insurance companies use past loss statistics for each vehicle as a tool for profitable underwriting. Vehicles that the data determines to have increased losses will have higher premium rates.

The table below demonstrates the insurance loss data for Toyota Camry vehicles. For each coverage category, the statistical loss for all vehicles combined as an average is a value of 100. Values that are below 100 indicate a favorable loss history, while numbers above 100 point to more frequent losses or tendency to have higher losses.

Toyota Camry Insurance Claim Statistics

Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Camry 110 94 102 148 145 107
Toyota Camry Hybrid 124 100 110 118 127 96

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Low cost Toyota Camry insurance prices in Reno

Finding cheaper Toyota Camry car insurance rates is not a difficult process. The only requirement is to invest a few minutes getting comparison quotes online from several insurance companies.

It's so easy to compare price quotes online that it makes it a waste of time to drive to different Reno agent offices. Comparing Toyota Camry insurance rate quotes online makes this process obsolete unless you require the personal advice that you can only get from talking to an agent. It is possible to get prices online but still have the advice of a local agent.

The companies shown below are ready to provide free quotes in Nevada. If several companies are displayed, we suggest you compare several of them in order to get a fair rate comparison.

Toyota Camry Insurance Price Estimates in Reno, NV
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $186 $342 $296 $18 $88 $930 $78
Camry SE $166 $374 $324 $20 $96 $980 $82
Camry XLE $150 $316 $290 $18 $86 $860 $72
Camry Hybrid $128 $246 $328 $20 $98 $820 $68
Get Your Own Custom Quote Go

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price estimates do not factor in specific location information which can affect coverage prices significantly.

Auto insurance deductibles

When shopping for auto insurance, a common question is what deductibles to buy. The comparison tables below may help you to understand the rate differences when you select higher and lower policy deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second rate chart uses a $500 deductible.

Toyota Camry insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $266 $478 $308 $18 $92 $1,187 $99
Camry SE $266 $564 $308 $18 $92 $1,273 $106
Camry XLE $266 $564 $308 $18 $92 $1,273 $106
Camry Hybrid $300 $564 $348 $20 $104 $1,361 $113
Get Your Own Custom Quote Go
Toyota Camry insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $194 $324 $308 $18 $92 $936 $78
Camry SE $194 $382 $308 $18 $92 $994 $83
Camry XLE $194 $382 $308 $18 $92 $994 $83
Camry Hybrid $218 $382 $348 $20 $104 $1,072 $89
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Nevada minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Estimates do not factor in specific location information which can change prices significantly.

Based on this data, we can arrive at the conclusion that using a $100 deductible would cost the average driver about $23 more each month or $276 every year than opting for the higher $500 deductible. Due to the fact that you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 17 months between claim filings, you would more than likely save some money if you opt for a higher deductible. Here is the way you can come to your own conclusion.

Average monthly premium for $100 deductibles: $106
Average monthly premium for $500 deductibles (subtract): - $83
Monthly savings from raising deductible: $23
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

An important sidenote is that a higher deductible level means you will have to pay more out-of-pocket at claim time. It will be required that you have enough savings in order to pay the deductible to have repairs made.

Impact of violations and accidents on rates in Reno

The diagram below shows how speeding tickets and accidents can drive up Toyota Camry annual premium costs for each different age category. The data assumes a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.

Liability only or full coverage

The chart below shows the comparison of Toyota Camry auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no accidents or driving violations, $1,000 deductibles, married female driver, and no additional discounts are factored in.

When to eliminate full coverage

There is no exact rule to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Toyota Camry replacement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $5,000 after the deductible is paid. If you are paying in excess of $500 a year for physical damage coverage, then it may be the right time to buy liability only.

There are a few situations where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not consider dropping full coverage.

Do drivers who switch really save $458 a year?

Consumers in Nevada can't avoid all the ads that claim the best car insurance rates from the likes of GEICO, State Farm and Progressive. All the companies make an identical promise that drivers will save a bundle if you switch to their company.

How do they all charge less that you're paying now? Here is how they do it.

Different companies quote their cheapest rates for the type of driver that will be a good risk. For instance, a profitable insured might have to be between 30 and 50, has had continuous coverage, and drives a car with an anti-theft system. Someone who fits those characteristics receives the best premium rates in Reno and will save when switching.

Potential customers who fall outside this stringent profile must pay a higher rate and business going elsewhere. The ads state "customers who switch" but not "everyone who gets a quote" save the amount stated. That's the way companies can make claims that they all have the best rates. Each company has different criteria, so you absolutely need to do a price quote comparison at every renewal. It is just not possible to predict which auto insurance company will have better prices than you're paying now.

Protect your Camry and other assets

Despite the potentially high cost of Toyota Camry insurance, insurance may be mandatory for several reasons.

First, almost all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability coverage in order to license the vehicle. In Nevada these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if you bought your vehicle with a loan, most lenders will make it mandatory that you have full coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Toyota at a significantly higher premium and force you to pay for the much more expensive policy.

Third, insurance protects not only your Toyota Camry but also your financial assets. It will also provide coverage for most medical and hospital costs for you, any passengers, and anyone injured in an accident. Liability coverage also pays for attorney fees and expenses in the event you are sued. If your Toyota gets damaged, your policy will cover the repair costs.

The benefits of carrying adequate insurance more than offset the price you pay, particularly when you have a large claim. Today the average American driver overpays as much as $855 a year so we recommend shopping around at every renewal to be sure current rates are still competitive.

Cheap Reno auto insurance rates with discounts

Some insurers do not advertise all possible discounts in an easy-to-find place, so we break down some of the best known and the more hidden credits that you can use to lower your rates. If you don't get every credit possible, you could be saving more on your auto insurance.Save money with discounts

It's important to understand that most discounts do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability, collision or medical payments. So when the math indicates you would end up receiving a 100% discount, company stockholders wouldn't be very happy.

For a list of insurers with the best Toyota Camry insurance discounts in Reno in Nevada, click here.

Compare rates but buy from a neighborhood Reno auto insurance agent

A small number of people would rather buy from a licensed agent and doing that can be a smart decision Most agents will help you protect your assets and help you file claims. A good thing about getting free rate quotes online is that drivers can save money and get cheap auto insurance rates and still choose a local agent.

Insurance agency in RenoAfter completing this quick form, your insurance data gets sent to agents in your area that can provide free Reno car insurance quotes to get your business. It simplifies rate comparisons since you won't have to do any legwork since price quotes are sent directly to your email. If you want to get a rate quote from a specific insurance company, you just need to go to their quote page and fill out the quote form the provide.

Finding the right company requires you to look at more than just the quoted price. These are some valid questions you should ask.

What type of Reno car insurance agent is right for you?

When searching for an insurance agent, it can be helpful to understand the different types of agencies that you can choose from. Insurance agencies in Reno are categorized either independent or exclusive. Both insure your vehicles, but we need to point out the difference between them since it can affect your selection of an agent.

Exclusive Agents

Agents in the exclusive channel can only provide one company's prices and examples are Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to provide rate quotes from other companies so you need to shop around if the rates are high. Exclusive agents are well schooled on their products and sales techniques which can be an advantage.

Listed below is a short list of exclusive agencies in Reno who can help you get comparison quotes.

6121 Lakeside Dr #210 - Reno, NV 89511 - (775) 828-9747 - View Map

708 N Center St #105 - Reno, NV 89501 - (775) 329-6656 - View Map

6180 Mae Anne Ave Ste 4 - Reno, NV 89523 - (775) 284-0425 - View Map

More insurance agents

Independent Agents

These agents are not limited to a single company and that enables them to quote your coverage through lots of different companies and possibly get better coverage at lower prices. If your premiums go up, your policy is moved internally and you don't have to switch agencies.

When comparing rate quotes, you should always contact a few independent agents in order to compare the most rates.

Listed below is a list of independent insurance agents in Reno willing to provide rate quotes.

4088 Kietzke Ln - Reno, NV 89502 - (775) 853-3388 - View Map

3301 S Virginia St #201 - Reno, NV 89502 - (775) 829-2600 - View Map

300 E 2nd St #1300 - Reno, NV 89501 - (775) 996-6000 - View Map

More insurance agents

Upon receiving positive feedback to your questions and a low price estimate, you have narrowed it down to an auto insurance agent that can be trusted to adequately provide auto insurance. Just understand that you can cancel your policy when you choose so never assume that you are permanently stuck with any particular company for the entire policy term.

You can find affordable coverage

As you quote Reno car insurance, make sure you don't reduce coverage to reduce premium. In many instances, someone sacrificed full coverage only to find out that it was a big error on their part. Your strategy should be to buy the best coverage you can find at an affordable rate, but don't skip important coverages to save money.

Budget-conscious Toyota Camry insurance can be bought from both online companies in addition to local insurance agencies, so you need to shop Reno car insurance with both in order to have the best chance of saving money. Some companies do not offer the ability to get quotes online and many times these smaller providers only sell coverage through independent agencies.

To read more, link through to these articles: