Who Has the Cheapest Tampa Auto Insurance for a Toyota Camry?

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Toyota Camry insurance rates
Toyota Camry insurance rates image courtesy of QuoteInspector.com

Finding cheap insurance for a Toyota Camry relies on a lot of factors such as your gender, your profession, and any past driving violations you may have had. Drivers pay around $1,360 a year for Camry insurance, but that cost is a projection calculated using a 30-year-old single female driver with full comprehensive and collision coverage and $500 deductibles.

There is a good probability you are not 30 years old and maybe not even female, you might be married instead of single, or maybe your Camry is old enough that it doesn't require full coverage. Not everyone needs the same coverages, so the best method for finding cheap auto insurance rates for your Toyota is to compare rates from as many companies as possible. Quotes are free and you can get prices from some of the cheapest companies that offer coverage in Florida.

Insure Your Toyota for Less

The trim level of your Camry will have an impact the insurance rate, so the rate you will pay to insure a Camry LE will be $232 cheaper than the insurance cost for the fancier Camry Hybrid trim level, as shown in the table below.

Toyota Camry Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $290 $538 $564 $34 $168 $1,594 $133
Camry SE $290 $634 $564 $34 $168 $1,690 $141
Camry XLE $290 $634 $564 $34 $168 $1,690 $141
Camry Hybrid $328 $634 $636 $38 $190 $1,826 $152
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Table data represents single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rates do not factor in your specific Tampa location which can influence auto insurance rates significantly.

Buying coverage from the top insurance provider can be challenging considering how many different companies sell coverage in Tampa. The rank data in the lists below could help you decide which insurers to look at when shopping insurance around for a Toyota Camry.

These rankings are only made up of companies that insure vehicles across America, so companies with more of a regional focus are not factored into this list. If you'd like to compare prices from these and other top-rated companies, follow this link.

Top 10 Major Auto Insurance Providers in Tampa Ranked by Customer Service

  1. USAA
  2. Travelers
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Safeco Insurance
  7. Progressive
  8. State Farm
  9. The Hartford
  10. The General

Top 10 Major Auto Insurance Providers in Tampa Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance

Full coverage rates compared to liability only

Reducing the cost of auto insurance should be important to the majority of vehicle owners, and one of the fastest ways to pay less for insurance for a Toyota Camry is to not buy full coverage. The illustration below compares car insurance costs with and without physical damage coverage. Data assumes no driving violations, no at-fault accidents, $500 deductibles, single marital status, and no policy discounts are applied.

If the expense is averaged for all age categories, physical damage coverage costs $2,468 per year over having just liability coverage. At some point, about every driver wonders if buying full coverage is worth the expense. There is no specific rule to exclude full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

You may be paying too much for Camry insurance

Florida auto insurance rates are calculated based on many things which can significantly increase or decrease your annual premium. Simply improving your credit, having a teen driver, or getting a couple of tickets may generate price changes that can cause some rates to be more affordable than the competition.

Not only that, but insurers amend pricing at least once a year to adjust for unexpected claims or profits. Higher than normal claims can cause increased policy costs, while lower claim levels can produce lower-priced Camry insurance rates.

To help illustrate this point, the chart below shows the company with the cheapest car insurance in Tampa, FL for a 30-year-old female driver with no prior accidents, a clean driving record, and a high credit rating. If we compare prices based on her personal profile, USAA may offer the most affordable car insurance rates in Tampa at $1,533 per year. This is $915 less than the average rate paid by Florida drivers of $2,448. Amica, Electric, Progressive, and Travelers are the rest of the most affordable Tampa, FL auto insurance companies.

Now let's give the driver from the first set of rates a claim, a lower credit rating, and a speeding citation. Due to the fact that each insurance company uses a different method to determining premium rates, comparing quotes may now show a completely different list of cheap Tampa auto insurance companies as shown below.

USAA now has the cheapest insurance rate in Tampa with Allied, Esurance, State Farm, and Auto-Owners now rounding out the top five. This example demonstrates why drivers need to compare lots of rates when trying to find the most economical car insurance rates for a Toyota Camry. Rates are calculated by many risk factors and change substantially, so the cheapest rate the last time you checked may now be priced much higher than other options.