Locating the cheapest insurance for a Toyota Camry in Texas can turn out to be difficult, but you can learn the following methods and make it easy. There are more efficient ways to find car insurance online so you're going to learn the absolute fastest way to price shop coverage on a Toyota and get the lowest price from both online companies and Houston agents.
Affordable companies for Toyota Camry insurance
The car insurance companies shown below offer price quotes in Houston, TX. If you want to find cheap car insurance in Texas, it's a good idea that you visit two to three different companies to find the lowest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium costs do not factor in zip code location which can revise price quotes substantially.
How high should deductibles be?
The illustration below shows how choosing a deductible and can impact Toyota Camry insurance rates for different insured age categories. The premiums are based on a married male driver, full coverage, and no policy discounts are applied.
Discounts for affordable auto insurance rates
Car insurance can cost a lot, but you can get discounts that could drop your premiums quite a bit. Certain reductions will be credited when you quote, but a few need to be manually applied prior to receiving the credit.
- Waiver for an Accident - This isn't a discount exactly, but companies like GEICO and Allstate permit an accident before they charge you more for coverage so long as you haven't had any claims prior to the accident.
- Federal Government Employee - Having worked for a branch of the government could qualify for a slight premium decrease with a few auto insurance companies.
- Telematics Discount - Policyholders that allow their auto insurance company to spy on where and when they drive remotely such as Progressive's Snapshot and State Farm's In-Drive may get a rate reduction if they show good driving skills.
- Discounts for Multiple Vehicles - Buying coverage for multiple vehicles on one policy can reduce the rates for all insured vehicles.
- Active Service Discounts - Having an actively deployed family member may lower your rates slightly.
- Discount for New Cars - Buying insurance coverage on a new vehicle can cost up to 25% less because new model year vehicles keep occupants safer.
- Passenger Safety Discount - Options like air bags or motorized seat belts may earn rate discounts up to 30%.
Discounts lower rates, but some credits don't apply to all coverage premiums. Most only apply to the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, that's just not realistic.
To locate insurers that provide some of the discounts listed above in Houston, click here to view.
How Insurance Companies Determine Toyota Camry Insurance Costs
A large part of saving on insurance is knowing the different types of things that aid in calculating insurance rates. When consumers understand what impacts premium levels, this empowers consumers to make smart changes that could result in lower premium levels.
An active insurance claims history can cost you more - Car insurance companies in Texas award most affordable rates to insureds who only file infrequent claims. If you are a frequent claim filer, you can definitely plan on higher rates. Auto insurance is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.
Pay more by driving carelessly - Your driving record has a huge affect on how much you pay. Having just one speeding ticket or other violation can increase rates to the point where it's not affordable. Attentive drivers pay lower auto insurance prices than bad drivers. Drivers who have license-revoking violations like reckless driving or DUI may face state-mandated requirements to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to prevent their license from being revoked.
Lower rates for married couples - Walking down the aisle may earn you lower rates on insurance. Marriage translates into being less irresponsible and it's proven that drivers who are married file infrequent claims.
Vocation impacts prices - Jobs like military personnel, social workers and miners tend to have the highest rates in part from intense work situations and long work days. On the flip side, occupations such as farmers, engineers and the unemployed generally pay rates lower than average.
Lower rates with alarms and GPS tracking - Selecting a car model that has an advanced theft prevention system can save you a little every year. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop car theft and help bring rates down.
Gals pay lower rates - Statistics demonstrate females are less aggressive when driving. However, don't assume that men are WORSE drivers than women. Men and women have fender benders in similar percentages, but men tend to have more serious accidents. Not only that, but men also receive more costly citations such as DWI and reckless driving.
Liability insurance risk factors in - Your policy's liability coverage provides coverage in the event that a court rules you are at fault for causing personal injury or damage in an accident. Liability insurance provides legal defense coverage which can cost a lot. Liability insurance is pretty cheap when compared to the cost of physical damage coverage, so drivers should buy more than the minimum limits required by law.
Teenagers are high risk - Youthful drivers in Texas are proven to be easily distracted when behind the wheel so insurance rates are higher. Parents adding a teenage driver onto a policy will cause a huge premium hike. Older people are more cautious drivers, tend to cause fewer accidents, and receive fewer citations.
Insurance loss statistics a Toyota Camry - Companies use claims history to calculate a price that will offset losses. Models that statistically have high amounts or severity of claims will cost more for specific coverages.
The next table shows the collected loss data for Toyota Camry vehicles. For each coverage category, the statistical loss for all vehicles averaged together equals 100. Percentage numbers below 100 suggest a positive loss record, while percentage values above 100 point to more claims or statistically larger losses.
Insurance Loss Ratings for Toyota Camry Vehicles
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Camry Hybrid||124||100||110||118||127||96|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
You may require the services of an agent
Many drivers just prefer to talk to a local agent and doing that can be a smart decision Licensed agents can make sure you are properly covered and help submit paperwork. The biggest benefit of comparing rate quotes online is that you can obtain lower rates and still have an agent to talk to.
After completing this quick form, the quote information is sent to local insurance agents who will give competitive quotes for your coverage. It's much easier because you don't need to contact any agents since rate quotes are delivered to your email. If you need to compare prices from a specific auto insurance provider, you would need to navigate to their website and fill out their quote form.
Finding the right insurer should depend on more than just the quoted price. Ask your prospective agent these questions:
- Do you work with a CSR or direct with the agent?
- Do they get extra compensation for selling add-on coverages?
- What company holds the largest book of business for them?
- What insurance companies do they work with in Houston?
- Do they have any clout with companies to ensure a fair claim settlement?
Do you need an independent or exclusive auto insurance agent?
If you are wanting to find a local Houston insurance agency, it can be helpful to understand the types of insurance agents to choose from. Auto insurance policy providers may be either exclusive or independent. Either type can write auto insurance policies, but it's important to know the differences since it could factor into your selection of an agent.
Exclusive Auto Insurance Agents
These type of agents have only one company to place business with such as Farmers Insurance, State Farm, or Allstate. Exclusive agents cannot compare rates from other companies so you might not find the best rates. Exclusive agents are usually well trained on sales techniques which helps them compete with independent agents. Consumers sometimes buy from exclusive agents mainly due to the prominence of the brand instead of buying on price only.
Below are exclusive agencies in Houston that are able to give price quotes.
- Lucrecia Jasminoy - State Farm Insurance Agent
223 Cavalcade St - Houston, TX 77009 - (713) 884-1442 - View Map
- Donald Malveaux - State Farm Insurance Agent
12001 Richmond Ave #6 - Houston, TX 77082 - (281) 679-7155 - View Map
- Armando Valdez - State Farm Insurance Agent
12941 North Fwy #608 - Houston, TX 77060 - (281) 537-7890 - View Map
Independent Auto Insurance Agencies
Independent insurance agents are not restricted to one company and that enables them to quote your coverage with multiple insurance companies and find you cheaper rates. If they quote lower rates, they can switch companies in-house and you can keep the same agent.
If you need lower rates, you will want to include price quotes from a few independent agents so that you have a good selection of quotes to compare. Many independent agencies also insure through different regional companies that may have much lower rates than larger companies.
Listed below are Houston independent insurance agencies that are able to give price quote information.
- Dean and Draper Insurance Agency, LP
3131 W Alabama St #150 - Houston, TX 77098 - (713) 527-0444 - View Map
- Texas Insurance Agency
719 Shotwell St - Houston, TX 77026 - (713) 675-2626 - View Map
- Hallmark Insurance Agency Inc
12337 Jones Rd - Houston, TX 77070 - (281) 894-8200 - View Map
Ads can be misleading
Consumers in Texas constantly see and hear ads that claim the best car insurance rates by companies like Allstate, GEICO and Progressive. They all tend to make the same promise about saving some big amount if you get a free Houston car insurance quote and switch to their company.
How does each company give you a lower rate on Toyota Camry insurance in Houston? Here is how they do it.
Companies are able to cherry pick for the type of customer that is profitable for them. For instance, this type of insured might have to be a female over age 40, has no driving citations, and drives less than 10,000 miles a year. Anyone who fits that profile is entitled to the best price and most likely will save a lot of money.
People who may not quite match these standards must pay a higher premium and this results in the customer not purchasing. The trick is to say "people that switch" but not "everyone who gets a quote" save that much money. This is how companies can make the claims of big savings. This emphasizes why drivers must compare price quotes frequently. It's not possible to predict which company will give you the biggest savings.
Shop around and save
People leave their current company for any number of reasons including unfair underwriting practices, an unsatisfactory settlement offer, delays in responding to claim requests or policy cancellation. It doesn't matter what your reason, finding a new car insurance company is not as difficult as it may seem.
We just covered many tips how you can save on Toyota Camry insurance in Houston. The most important thing to understand is the more providers you compare, the better your comparison will be. Drivers may even discover the lowest prices come from a lesser-known regional company.
Lower-priced Toyota Camry insurance in Houston can be sourced on the web and from local agencies, and you need to comparison shop both so you have a total pricing picture. Some car insurance companies don't offer online rate quotes and usually these small, regional companies work with independent insurance agencies.
Even more information is available in these articles:
- Prom Night Tips for Teen Drivers (State Farm)
- What Insurance is Cheapest for a Toyota Highlander in Texas? (FAQ)
- Who Has the Cheapest Texas Auto Insurance Rates for a Toyota 4Runner? (FAQ)
- What Auto Insurance is Cheapest for Drivers Over Age 70 in Texas? (FAQ)
- How Much is Car Insurance for a GMC Sierra in Texas? (FAQ)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Eight Auto Insurance Myths (Insurance Information Institute)