Affordable Insurance for a Toyota Camry in Laredo

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A recent NerdWallet.com study revealed that the majority of drivers have purchased from the same company for at least four years, and about 40% of consumers have never compared car insurance rates at all. Drivers in Texas can save hundreds of dollars each year just by shopping around, but they just don't understand the rate savings if they switched to a cheaper policy.

Insurance for Toyota CamryIf you want to save money, the best way to get affordable Toyota Camry insurance in Laredo is to start comparing prices yearly from insurers who provide car insurance in Texas.

First, take a few minutes and learn about how auto insurance works and the factors you can control to prevent high rates. Many rating factors that increase rates like inattentive driving and a not-so-good credit score can be remedied by being financially responsible and driving safely. Continue reading for ideas to find cheap rates and get additional discounts that may be available.

Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while agents who are independent can quote rates for a wide range of companies. Start a quote

Third, compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you can save money and decide to switch, verify that coverage does not lapse between policies.

Fourth, notify your agent or company of your decision to cancel your current coverage. Submit a completed policy application and payment to the newly selected company. As soon as you receive it, store the certificate of insurance in an easily accessible location in your vehicle.

The most important part of this process is to make sure you're comparing identical coverage information on every quote and and to get rates from as many companies as feasibly possible. This guarantees a fair price comparison and the most accurate and complete price analysis.

Quoting and comparing the best-priced coverage in Laredo is not that difficult. If you are insured now or need new coverage, use these tips to get lower rates without reducing protection. Consumers just need to learn the proper way to compare insurance rates online.

Decisions You Make Can Impact Your Insurance Prices

Part of the auto insurance buying process is learning some of the elements that help calculate the rates you pay for auto insurance. When consumers understand what determines base rates, this allows you to make good choices that could help you find better auto insurance rates.

The following are a few of the things used by companies to determine your prices.

Don't skimp on liability insurance - Your policy's liability coverage is the coverage that protects you when you are ruled to be at fault for damages caused by your negligence. Your liability coverage provides legal defense to defend your case. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.

Teenagers vs. experienced drivers - Mature drivers have been proven to be more responsible, cause fewer claims and accidents, and get fewer tickets. Youthful drivers have a tendency to be easily distracted behind the wheel so they pay higher auto insurance rates.

The data below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Bad credit hurts insurance costs - An insured's credit history is a large factor in calculating your premium rate. Insureds that have high credit ratings tend to file fewer claims as compared to drivers with worse credit. If your credit score can be improved, you could save money insuring your Toyota Camry by spending a little time repairing your credit.

Tickets can increase costs - Being a careful driver influences premium rates substantially. Getting just one chargeable violation can boost insurance rates to the point where it's not affordable. Drivers who don't get tickets tend to pay less for car insurance as compared to those with violations. People who have license-revoking tickets like DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with their state's licensing department in order to legally drive.

The information below illustrates how traffic citations and at-fault accidents can drive up Toyota Camry auto insurance costs for different age groups. The prices are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

Toyota Camry claim data - Companies take into consideration historical loss data for every vehicle to determine a rate that will be profitable for them. Models that statistically have a trend towards higher claim severity or frequency will cost more for coverage. The table below demonstrates the historical insurance loss data for Toyota Camry vehicles.

For each policy coverage, the claim amount for all vehicles, without regard to make or model, is equal to 100. Percentage values below 100 mean the vehicle has better than average losses, while values that are 100 or greater show a trend for more claims or an increased chance of a larger loss.

Toyota Camry Insurance Loss Statistics
Specific Toyota 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
BETTER
AVERAGE
WORSE

Statistics from IIHS.org for 2013-2015 Model Years

The fastest way that we advise to compare insurance rates from multiple companies is to realize most of the larger companies have advanced systems to provide you with free rate quotes. The one thing you need to do is provide information such as whether you drive to work or school, the make and model of your vehicles, driver ages, and how many miles driven. Your details is then sent to multiple top-rated companies and you will get price comparisons very quickly.

To find the cheapest Toyota Camry insurance rates, click here and enter your coverage details.

The car insurance companies shown below can provide quotes in Texas. To get cheap car insurance in Laredo, we suggest you click on several of them in order to get a fair rate comparison.

Facts and figures for Toyota Camry insurance

The data table below showcases a range of coverage prices for Toyota Camry models. Being more informed about how policy premiums are established can be valuable when making informed coverage decisions.

Toyota Camry Insurance Rates in Laredo, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $234 $460 $462 $28 $138 $1,322 $110
Camry SE $234 $542 $462 $28 $138 $1,404 $117
Camry XLE $234 $542 $462 $28 $138 $1,404 $117
Camry Hybrid $264 $542 $520 $30 $156 $1,512 $126
Get Your Own Custom Quote Go

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Table data does not factor in specific location which can impact premium rates greatly.

Raise deductibles and save

The hardest decision when buying coverage is which deductible level should you buy. The tables below lay out the rate differences of buying low and high policy deductibles. The first set of rates uses a $100 physical damage deductible and the second pricing table uses a $500 deductible.

Toyota Camry insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $328 $592 $382 $22 $114 $1,463 $122
Camry SE $328 $698 $382 $22 $114 $1,569 $131
Camry XLE $328 $698 $382 $22 $114 $1,569 $131
Camry Hybrid $370 $698 $430 $26 $128 $1,677 $140
Get Your Own Custom Quote Go
Toyota Camry insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $240 $400 $382 $22 $114 $1,158 $97
Camry SE $240 $472 $382 $22 $114 $1,230 $103
Camry XLE $240 $472 $382 $22 $114 $1,230 $103
Camry Hybrid $270 $472 $430 $26 $128 $1,326 $111
Get Your Own Custom Quote Go

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

Based on the above data, using a $100 deductible costs roughly $27 more each month or $324 for a full year than quoting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at least 15 months between claim filings, you would more than likely save some money if you decide on a higher deductible. The numbers below show a better example of how you can come to your own conclusion.

Average monthly premium for $100 deductibles: $131
Average monthly premium for $500 deductibles (subtract): - $104
Monthly savings from raising deductible: $27
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important issue to know is that a higher deductible means you will have to cover more of the damage yourself when you do file a claim. You should have some savings in order to pay the higher deductible.

Insurance rates by age and gender in Laredo

The diagram below shows the comparison of Toyota Camry insurance premiums for male and female drivers. The data is based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single status, and no discounts are applied to the premium.

Full coverage or liability only

The chart below compares Toyota Camry annual premium costs with liability coverage only compared to full coverage. The rates are based on no violations or claims, $250 deductibles, drivers are not married, and no discounts are taken into consideration.

When to drop comprehensive and collision

There is no set guideline to delete physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than 10% of the settlement you would receive from your company, 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 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $2,000 after the policy deductible has been paid. If premiums are more than $200 a year for your policy with full coverage, then it's probably a good time to buy liability coverage only.

There are a few cases where only buying liability is not financially feasible. If you still have a lienholder on your title, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.

Choosing the best Camry insurance in Texas is an important decision

Despite the high insurance cost for a Toyota Camry in Laredo, maintaining insurance may be required and benefits you in several ways.

  • Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific limits of liability in order to be legal. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
  • If you have a lien on your Toyota, almost all lenders will require that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may buy a policy for your Toyota for a much higher rate and require you to pay a much higher amount than you were paying before.
  • Insurance safeguards both your assets and your Toyota. It will also provide coverage for medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. 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 pay to repair the damage.

The benefits of buying insurance are definitely more than the cost, particularly for liability claims. According to a 2015 survey, the average American driver is wasting up to $825 a year so compare rate quotes once a year at a minimum to ensure rates are competitive.

Car insurance policy discounts you can't miss

Some providers don't always advertise their entire list of discounts in a way that's easy to find, so the list below details a few of the more common in addition to some of the lesser obvious discounts that you can inquire about if you buy Laredo car insurance online.Cheaper car insurance with discounts

  • Switch and Save Discount - A few insurance companies give discounts for renewing your policy prior to your current Camry insurance policy expiration. You could save around 10% when you buy Laredo car insurance online.
  • Safe Drivers - Insureds without accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
  • Drivers Ed for Students - Cut your cost by having your teen driver successfully take a driver's education course if it's offered in school.
  • Accident-Free Discounts - Drivers who don't have accidents pay less compared to drivers who are more careless.
  • Multi-policy Discount - When you have multiple policies and insure them both with the same insurance company you may save 10% to 20% off each policy.
  • Good Student Discount - A discount for being a good student can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • Employee of Federal Government - Federal government employees may qualify for a discount when you quote Laredo car insurance with select insurance companies.
  • Military Discounts - Being on active duty in the military could mean lower car insurance rates.
  • Defensive Driver Discounts - Taking a course teaching safe driver skills can save you 5% or more if you qualify.
  • ABS Brakes - Cars equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.

Discounts save money, but please remember that some of the credits will not apply to the entire policy premium. Most only apply to the cost of specific coverages such as collision or personal injury protection. Just because you may think all the discounts add up to a free policy, that's just not realistic.

The information below illustrates the difference between Toyota Camry auto insurance rates with and without discounts. The premium estimates are based on a female driver, no violations or claims, Texas state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, multi-policy, and claim-free discounts applied.

The best car insurance companies and some of the discounts are outlined below.

  • American Family policyholders can earn discounts including Steer into Savings, bundled insurance, early bird, TimeAway discount, and good student.
  • Nationwide includes discounts for easy pay, multi-policy, family plan, business or organization, defensive driving, Farm Bureau membership, and good student.
  • MetLife has savings for good student, claim-free, defensive driver, accident-free, and good driver.
  • 21st Century may have discounts that include good student, 55 and older, automatic seat belts, driver training, homeowners, and early bird.
  • Farmers Insurance has discounts for switch companies, teen driver, distant student, business and professional, homeowner, youthful driver, and pay in full.
  • Allstate offers discounts including FullPay discount, multi-policy, anti-theft, farm vehicle, and defensive driver.

When getting free Laredo car insurance quotes, it's a good idea to every prospective company the best way to save money. Some discounts might not apply in Laredo. To see a list of car insurance companies who offer online Toyota Camry insurance quotes in Texas, click this link.

Insurance agents are trained to help

Many drivers prefer to go talk to an agent and there is nothing wrong with that. Professional agents can help you build your policy and give you someone to call. The best thing about getting free rate quotes online is the fact that you can find the lowest rates but also keep your business local. And buying from small agencies is especially important in Laredo.

Find insurance agent in LaredoAfter completing this simple form, your coverage information is submitted to participating agents in Laredo that provide free Laredo car insurance quotes and help you find cheaper coverage. You don't have to contact an agency since rate quotes are delivered directly to you. If you need to compare rates for a specific company, feel free to navigate to their website and fill out the quote form the provide.

When finding a local insurance agency, it's important to understand the different agency structures and how they are slightly different. Car insurance agencies can either be independent (non-exclusive) or exclusive. Either can write car insurance policies, but it's important to know the difference in the companies they write for because it can influence your agent selection.

Independent Car Insurance Agencies

These type of agents can quote rates with many companies so they can insure your vehicles with many different companies and potentially find a lower price. If you want to switch companies, your agent can just switch to a different company and you don't have to find a new agent.

If you are comparing rate quotes, we recommend you get insurance quotes from several independent agencies to ensure the widest selection of prices.

Featured below is a partial list of independent insurance agencies in Laredo that may be able to give you free price quotes.

State Wide Auto Insurance Agency
Laredo, TX 78041 - Laredo, TX 78041 - (956) 791-0800 - View Map


104 E Calton Rd Ste 101 - Laredo, TX 78041 - (888) 552-4368 - View Map


1020 Washington St - Laredo, TX 78040 - (956) 723-9542 - View Map

View more Laredo agents

Exclusive Agents

Agents in the exclusive channel work for only one company like American Family, State Farm, and AAA. They generally cannot provide other company's prices so they really need to provide good service. Exclusive agents receive a lot of sales training on sales techniques which helps them sell insurance even at higher premiums.

The following is a short list of exclusive agents in Laredo willing to provide rate quotes.


6410 McPherson Rd Suite 2 - Laredo, TX 78041 - (956) 724-1038 - View Map


1102 Marshall St #3 - Laredo, TX 78045 - (956) 763-2707 - View Map


3802 TX-359 Ste 5 - Laredo, TX 78043 - (956) 729-8884 - View Map

View more Laredo agents

Finding a good auto insurance agent is decision based upon more than just a cheap quote. Get answers to these questions too.

  • Do they have any clout with companies to ensure a fair claim settlement?
  • How often do they review policy coverages?
  • Do they have cheaper tiers of coverage?
  • Does the company use OEM repair parts?
  • Is there a local claims center in Laredo?
  • Can you use your own choice of collision repair facility?

Which is the best auto insurance?

When it comes to choosing your policy for your personal vehicles, there really isn't a "best" method to buy coverage. Your financial needs are unique and a cookie cutter policy won't apply.Safe vehicles cost less to insure These are some specific questions may help highlight if you would benefit from an agent's advice.

  • What is PIP insurance?
  • How much coverage applies to personal belongings?
  • Is there a penalty for late payment?
  • What states are considered no-fault?
  • Which companies will insure me after a DUI?
  • Does low annual mileage earn a discount?

If you can't answer these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It's fast, doesn't cost anything and you can get the answers you need.

Get the best coverage at the best price

As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. In many instances, an insured dropped physical damage coverage only to discover later they didn't have enough coverage. The proper strategy is to purchase a proper amount of coverage at the best price but still have enough coverage for asset protection.

You just learned quite a bit of information on how to shop for Toyota Camry insurance online. The most important thing to understand is the more companies you get premium rates for, the better your chances of lowering your premium rates. Consumers could even find that the lowest priced car insurance comes from a smaller regional carrier. Some small companies can often provide lower premium rates in certain areas than their larger competitors like Progressive or GEICO.

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