Toyota Camry insurance cost image courtesy of QuoteInspector.com
Buying the best cheap insurance for a Toyota Camry is normally pretty easy, but it depends on many rating criteria such as annual vehicle mileage, the performance level of your vehicle, and whether or not you are a good driver. Drivers will pay on average $1,440 a year to insure their Camry, but that cost is calculated based on a 50-year-old single female driver with full physical damage coverage and $100 deductibles.
If we were betting, you are not 50 years old and maybe not even female, maybe you are married instead of single, or maybe you prefer liability limits higher than required by California state law. Everone's needs are different, and this illustrates why the way we recommend to find the most affordable coverage for your Toyota is to just compare rates yourself. Quotes only take a few minutes and you will receive price comparisons from some of the most affordable companies that insure Toyota vehicles in California.
Your vehicle's trim level has an effect on price, so the price you will pay to insure a Camry LE trim level will be $250 less expensive the cost to insure the more well-appointed Camry Hybrid trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rate quotes do not factor in specific zip code location which can decrease or increase price quotes greatly.
Picking the right insurer is hard considering how many different companies insure vehicles in California. The information in the lists below may help you choose which auto insurance companies to look at comparing price quotes from. The ratings below only include the largest companies in the United States, so smaller companies are not taken into consideration for this list.
Top 10 Major Auto Insurance Providers in Santa Ana Ranked by Value
- American Family
- The Hartford
- AAA of Southern California
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Mercury Insurance
Get discounts on Santa Ana car insurance
Insurance companies that offer coverage for a Toyota Camry could also offer price discounts that could reduce prices by as much as 35% if you meet certain criteria. A list of car insurance companies and some of their more popular discounts can be found below.
- Progressive may have discounts that include continuous coverage, good student, homeowner, multi-vehicle, online signing, and multi-policy.
- AAA offers discounts including education and occupation, good student, pay-in-full, multi-policy, multi-car, AAA membership discount, and good driver.
- Farmers Insurance policyholders can earn discounts including bundle discounts, pay in full, good student, multi-car, homeowner, and business and professional.
- GEICO includes discounts for multi-vehicle, air bags, anti-theft, driver training, defensive driver, and good student.
- Esurance has savings for emergency road assistance, paid-in-full, good driver, anti-theft, defensive driver, homeowner, and claim free.
- SAFECO has discounts for safe driver, teen safe driver, multi-car, anti-theft, bundle discounts, teen safety rewards, and homeowner.
- State Farm offers premium reductions for driver's education, passive restraint, multiple autos, anti-theft, and good student.
The chart below illustrates the difference between car insurance rates with and without discounts applied to the rates. The information is based on a female driver, no violations or claims, California state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with marriage, homeowner, vehicle safety, multiple policy, claim-free, and accident-free discounts applied. When these discounts are applied, the average amount saved each year on car insurance for a Toyota Camry is 28% or $788.
The example below shows how different deductible levels can impact yearly insurance costs when quoting cheap insurance for a Toyota Camry. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
As shown above, a 50-year-old driver could save $476 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $712 by using a $1,000 deductible. Young drivers, like the 20-year-old category, have the ability to save up to $1,216 annually by choosing a larger deductible amount. If you do raise deductibles, it will be necessary to have enough in a savings account to be able to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Why it's important to shop around
Santa Ana car insurance rates are based on many factors which can significantly increase or decrease the cost of having a policy. Simply having a birthday, becoming a homeowner, or getting a few speeding tickets can trigger price changes that may make certain companies cheaper than competitors. Not only that, but insurance companies amend premium rates every year to adjust for unexpected claims or profits. Unexpectedly high claims may cause additional price hikes, while a lower level of claims can produce cheaper Camry insurance rates.
The chart below shows rates for the cheapest car insurance in Santa Ana, CA for a 40-year-old female driver with a clear driving record, no claims, and excellent credit. If we compare prices based on her current risk factors, USAA quotes the best car insurance rates in Santa Ana at $1,203 a year. This is $448 less than the average price paid by California drivers of $1,651. Wawanesa, CSAA, Century National, and Nationwide also make the list of the top five cheapest Santa Ana, CA auto insurance companies.
The next chart shows rates after we give the driver from the first example a chargeable claim, a lower credit rating, and a traffic citation. Since every car insurance company has a proprietary formula to set policy rates, getting updated rate quotes could result in a different list of affordable companies as shown below.
Mercury now has the lowest price on auto insurance in Santa Ana with Grange, Allstate, GEICO, and Allied now being in the top five. This demonstrates why it is so important to spend some time comparing rates when trying to find affordable auto insurance rates for a Toyota Camry.
Rates are determined by many risk factors and can increase or decrease at any time, so the lowest-price company the last time you compared rates may now be an over-priced policy.
How to find the cheapest car insurance for a Toyota Camry
It is possible to find better rates, and here are some thrifty ideas that can help Santa Ana drivers get cheap coverage.
- Avoid getting citations and tickets
- Remain accident-free and save
- On older vehicles, drop full coverage
- Better credit rating means better rates
- Increase deductibles to save money
- Buy a car with high safety ratings
- Shop around for cheaper prices
That last idea is extremely valuable, as was stressed in the prior article. Prices charged by companies fluctuate constantly, so drivers shouldn't be reluctant to switch to a new company if you find a better deal. Sticking with a specific company is fine, but is isn't recommended if that inflexibility results in costing you big bucks every year. In just a couple of minutes you could compare rates and find cheaper car insurance for a Toyota Camry in Santa Ana.