Car Insurance Rate Quotes for a Toyota Camry in Tampa

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It goes without saying that insurance companies don't want you to compare rates. Insureds who perform rate comparisons are highly likely to switch companies because of the high probability of finding lower rate quotes. Remarkably, a study showed that consumers who compared prices regularly saved $3,400 over four years as compared to drivers who don't regularly compare prices.

If finding the cheapest rates on Toyota Camry insurance is your ultimate goal, then having some insight into how to quote prices and compare insurance premiums can help simplify the process.

Insurance quote for Toyota Camry in TampaIf saving the most money is your goal, then the best way to get more affordable car insurance rates in Tampa is to annually compare prices from insurance carriers who sell insurance in Florida. Rates can be compared by following these steps.

  • Step 1: Spend some time learning about how auto insurance works and the modifications you can make to prevent rate increases. Many factors that increase rates like speeding tickets, accidents and poor credit history can be eliminated by making minor changes to your lifestyle.
  • Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can provide prices for many different companies. View rates
  • Step 3: Compare the price quotes to your existing policy to determine if you can save on Camry insurance. If you find a better price and buy the policy, ensure coverage does not lapse between policies.
  • Step 4: Give notification to your current company to cancel your current car insurance policy and submit payment and a completed application for your new policy. Make sure you place your new certificate verifying coverage above your visor, in the console, or in the glove compartment.

One tip to remember is that you'll want to make sure you compare similar deductibles and liability limits on each quote and and to get price estimates from as many auto insurance providers as possible. This enables a fair rate comparison and a complete price analysis.

How to buy Tampa Toyota Camry insurance online

To find cheap quotes, there are a couple of ways to compare prices from many car insurance companies in Florida. By far the easiest way to do a complete rate comparison is to perform an online rate comparison.

Comparing price quotes online is fast and free, and it makes it a waste of time to drive to different Tampa agent offices. Buying insurance online has reduced the need for local agents unless you require the advice and guidance that only an agent can give. If you prefer, some companies allow you to get the lowest quotes online and still use a local agent.

When comparison shopping, more quotes will enable you to find a lower rate than you're paying now. Not every company provides rate quotes online, so it's recommended that you also compare price quotes from them as well.

The following companies provide free rate quotes in Florida. To find the best cheap car insurance in Tampa, we recommend you visit as many as you can in order to find the most competitive rates.

Cut your auto insurance rates with discounts

Companies don't list every available discount in an easy-to-find place, so the next list breaks down some of the best known and also the more inconspicuous credits that you can use to lower your rates.Discount auto insurance

  • Active Military Service - Having a deployed family member could be rewarded with lower prices.
  • Pay Upfront and Save - If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Onboard Data Collection - Insureds that choose to allow data collection to track driving patterns through the use of a telematics system such as In-Drive from State Farm or Allstate's Drivewise system might see lower rates if they show good driving skills.
  • Passive Restraints and Air Bags - Options like air bags and/or automatic seat belt systems can receive discounts as much as 30%.
  • College Student Discount - College-age children who are enrolled in higher education away from home and leave their car at home may be insured at a cheaper rate.
  • Theft Prevention Discount - Vehicles optioned with advanced anti-theft systems can help prevent theft and will save you 10% or more on Camry insurance in Tampa.
  • Discount for Low Mileage - Low mileage vehicles can earn slightly better prices than normal.
  • Save with More Vehicles Insured - Buying coverage for multiple cars or trucks on a single policy can get a discount on all vehicles.

As a disclaimer on discounts, some credits don't apply to the whole policy. Some only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like it's possible to get free car insurance, it just doesn't work that way. Any qualifying discounts will lower the amount you pay for coverage.

The diagram below shows the difference between Toyota Camry auto insurance costs with and without some available policy discounts. The data assumes a female driver, no violations or claims, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, homeowner, claim-free, multi-policy, and marriage discounts applied.

A list of auto insurance companies and a summarized list of policyholder discounts are shown below.

  • Progressive discounts include homeowner, online quote discount, good student, continuous coverage, multi-policy, and online signing.
  • MetLife offers premium reductions for good student, claim-free, good driver, accident-free, multi-policy, and defensive driver.
  • Mercury Insurance includes discounts for low natural disaster claims, professional/association, multi-car, annual mileage, accident-free, and good driver.
  • Nationwide offers discounts including accident-free, good student, anti-theft, Farm Bureau membership, and family plan.
  • GEICO may include discounts for air bags, multi-policy, five-year accident-free, anti-lock brakes, military active duty, membership and employees, and good student.
  • AAA may have discounts that include pay-in-full, education and occupation, AAA membership discount, anti-theft, and good student.

If you are trying to find cheaper Tampa auto insurance quotes, ask all companies you are considering to apply every possible discount. All car insurance discounts may not be offered in every state.

Insurance coverage analysis

The coverage information below showcases estimates of insurance costs for Toyota Camry models. Having a good understanding how insurance premiums are figured can help drivers make decisions when choosing a new policy provider.

Toyota Camry Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $182 $314 $430 $26 $128 $1,080 $90
Camry SE $182 $370 $430 $26 $128 $1,136 $95
Camry XLE $182 $370 $430 $26 $128 $1,136 $95
Camry Hybrid $204 $370 $486 $28 $146 $1,234 $103
Get Your Own Custom Quote Go

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate information does not factor in specific location which can affect price quotes significantly.

Can higher deductibles save money?

One of the most common insurance questions is the level to set your comp and collision deductibles. The comparison tables below approximate the differences in premium rates between high and low insurance deductibles. The first rate table uses a $100 deductible and the second price table uses a $1,000 deductible.

Toyota Camry insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $358 $648 $418 $24 $124 $1,597 $133
Camry SE $358 $764 $418 $24 $124 $1,713 $143
Camry XLE $358 $764 $418 $24 $124 $1,713 $143
Camry Hybrid $406 $764 $472 $28 $142 $1,837 $153
Get Your Own Custom Quote Go
Toyota Camry insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $200 $342 $418 $24 $124 $1,108 $92
Camry SE $200 $402 $418 $24 $124 $1,168 $97
Camry XLE $200 $402 $418 $24 $124 $1,168 $97
Camry Hybrid $224 $402 $472 $28 $142 $1,268 $106
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rates do not factor in Tampa location which can decrease or increase coverage prices significantly.

Based on these figures, using a $100 deductible costs approximately $45 more each month or $540 a year across all Toyota Camry models than quoting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 20 months between claim filings, you would probably come out ahead if you decide on a higher deductible. The illustration below shows how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $143
Average monthly premium for $1,000 deductibles (subtract): - $98
Monthly savings from raising deductible: $45
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $45
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

One big caveat is that higher deductibles means you will have to pay more out-of-pocket when you file a claim. You need access to more funds in the event you have to pay more for the deductible.

Annual premiums for males versus females in Tampa

The information below shows the difference between Toyota Camry premium costs for male and female drivers. The prices are based on no driving violations, no at-fault accidents, comp and collision included, $500 deductibles, drivers are not married, and no discounts are applied.

Eight factors that affect insurance prices

A large part of saving on car insurance is knowing some of the things that help calculate the level of your policy premiums. When you understand what determines premiums, this allows you to make educated decisions that will entitle you to lower rates. Lots of things are used in the calculation when you get a price on insurance. Some are pretty understandable such as your driving record, although some other factors are not as apparent like your vehicle usage or your commute time.

Listed below are a few of the "ingredients" used by insurance companies to determine rates.

  • Driving citations drive up prices - Just one chargeable violation could increase your next policy renewal twenty percent or more. Attentive drivers get better rates than people who have multiple driving citations. Drivers unfortunate enough to have license-revoking citations such as DUI or willful reckless driving may face state-mandated requirements to file a SR-22 to the state department of motor vehicles in order to prevent a license revocation.

    The example below highlights how traffic violations and accidents can influence Toyota Camry auto insurance costs for different age categories. The costs are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are factored in.

  • Safer occupants lowers rates - Cars with high safety ratings tend to be cheaper to insure. The safest vehicles result in less severe injuries and fewer injuries means lower claim amounts and lower rates for you.
  • Alarms and GPS tracking systems cut car insurance rates - Selecting a car model that has an advanced theft prevention system can save you some money. Advanced theft deterrents like OnStar, LoJack tracking, and tamper alarms all help stop car theft and help bring rates down.
  • Vocation stress can make you pay more - Did you know your job can affect your rates? Occupations such as military generals, airline pilots, and medical professionals tend to have higher premium rates in part from stressful work requirements and lots of time spent at work. Other professions such as farmers, engineers and homemakers pay the least.
  • Driver age impacts rates - Beginning drivers in Florida have been known to be more careless with other occupants in the car therefore car insurance rates are much higher. If you've ever had to add a teen driver to your policy can really hurt. More mature drivers are more responsible, are lower risk to insure, and are safer drivers.

    The next chart uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.

  • Frequent policy claims increase car insurance rates - Companies in Florida give the lowest premiums to drivers who do not file claims often. If you are a frequent claim filer, you can pretty much guarantee higher rates. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
  • The type of car makes a difference - The performance of the car or truck you are trying to find cheaper insurance for makes a huge difference in the rate you pay. The lowest rates will generally be found on lower performance four cylinder passenger vehicles, but your final cost has many other factors.

    The data below is based on a married female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It compares Toyota Camry car insurance rates compared to other models that have a range of risk factors.

  • Policy lapses raise rates - Driving without insurance can get your license suspended and companies may charge more for letting your insurance lapse. In addition to paying higher premiums, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license. You may then have to submit proof of financial responsibility or a SR-22 with the Florida motor vehicle department to get your license reinstated.
  • Insurance loss statistics a Toyota Camry - Auto insurance companies study historical loss data to help calculate premium rates. Vehicles that the statistics show to have higher prevalence or dollar amount of losses will cost more to insure.

    The next table illustrates the loss history for Toyota Camry vehicles. For each coverage type, the claim probability for all vehicles, regardless of make or model, is represented as 100. Values below 100 imply a favorable loss record, while values over 100 indicate a higher chance of having a claim or an increased probability of a larger loss.

    Toyota Camry Insurance Loss 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
    BETTER
    AVERAGE
    WORSE

    Statistics from IIHS.org for 2013-2015 Model Years

Local Tampa insurance agencies and car insurance

Many people would prefer to sit down with an agent and that is a personal choice. An additional benefit of comparing rate quotes online is the fact that you can find cheap rate quotes and still buy from a local agent. And providing support for neighborhood insurance agencies is important particularly in Tampa.

Find insurance agent in TampaTo find an agent, once you fill out this quick form, the coverage information is sent to participating agents in Tampa that provide free Tampa auto insurance quotes to get your business. You don't have to leave your house since price quotes are sent instantly to you. You can get cheaper car insurance rates AND a local agent. If you need to get a price quote from a specific company, you would need to find their quoting web page and complete a quote there.

Finding the right provider requires you to look at more than just the price. These questions are important to ask:

  • Will the quote change when the policy is issued?
  • Can you contact them at any time?
  • What is the financial rating for the quoted company?
  • Do they feel the quoted coverages are adequate?
  • Do they specialize in personal lines coverage in Tampa?
  • Will a damage claim use OEM or aftermarket replacement parts?
  • Can you get a list of referrals?

Affordable auto insurance is out there

Discount Toyota Camry insurance in Tampa can be found both online and from local insurance agents, and you should compare rates from both in order to have the best price selection to choose from. A few companies do not offer the ability to get quotes online and most of the time these smaller companies only sell coverage through local independent agencies.

We've covered many ways to get a better price on Toyota Camry insurance in Tampa. It's most important to understand that the more times you quote, the better chance you'll have of finding affordable Tampa auto insurance quotes. Consumers may even find the best price on auto insurance is with a lesser-known regional company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate and Progressive.

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