Having to pay for pricey Toyota Camry Hybrid insurance in Philadelphia can take a big chunk out of your savings account and force you to prioritize other expenses.
Unimaginable but true, almost 70% of insureds in Pennsylvania kept their coverage with the same insurance company for at least four years, and approximately 38% of consumers have never taken the time to shop around. Consumers in the United States could pocket nearly $850 a year, but they just assume it’s a time-consuming process to shop their coverage around.
Companies like State Farm, GEICO and Farmers Insurance all claim big savings, bombarding you with fancy advertisements and consumers find it hard to see through the cute green geckos and mayhem and take the time to shop coverage around.
It’s important to check insurance prices as often as possible because insurance rates fluctuate regularly. Even if you got the best deal on Toyota Camry Hybrid insurance in Philadelphia a couple years back you can probably find a better price now. Forget anything you know (or think you know) about insurance because we’re going to show you the tricks you need to know to save on insurance.
All the larger auto insurance companies such as Progressive, GEICO, Allstate and State Farm allow consumers to get prices for coverage on the web. The process doesn’t take much effort as you just enter your coverage preferences on the page. After you complete the form, the quote system orders reports for credit and driving violations and provides a quote determined by many factors. Quoting online for Toyota Camry Hybrid insurance in Philadelphia streamlines rate comparisons, and it’s very important to get many rate quotes in order to get the most affordable premium.
To quickly find out how much you can save on auto insurance, consider comparing rates from the companies shown below. If you have coverage now, it’s recommended you enter the coverage information as close as possible to your current policy. This guarantees you will have rate comparison quotes based on similar coverages.
The companies in the list below are our best choices to provide price comparisons in Philadelphia, PA. If multiple companies are listed, we recommend you get rate quotes from several of them to find the most affordable car insurance rates.
Insuring your Toyota Camry Hybrid just makes sense
Even though it’s not necessarily cheap to insure a Toyota in Philadelphia, insurance is not optional due to several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to carry a specific level of liability protection in order to be legal. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you bought your Toyota Camry Hybrid with a loan, almost every bank will stipulate that you have full coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may have to buy a policy to insure your Toyota at a more expensive rate and force you to pay much more than you were paying before.
- Insurance safeguards both your car and your assets. Insurance will also pay for medical bills for you, any passengers, and anyone injured in an accident. Liability insurance will also pay attorney fees if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance greatly outweigh the cost, especially when you need to use it. The average driver in America is wasting up to $855 a year so we recommend shopping around every year to help ensure money is not being wasted.
Toyota Camry Hybrid coverage statistics
The table shown next covers detailed analysis of coverage costs for Toyota Camry Hybrid models. Having a better understanding of how car insurance prices are calculated is important for you to make decisions on which coverage to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Customized Quote Go|
Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Estimates do not factor in your specific Philadelphia location which can lower or raise premiums substantially.
Liability only or full coverage
The example below visualizes the comparison of Toyota Camry Hybrid insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Pennsylvania. The premiums assume no driving violations, no at-fault accidents, $100 deductibles, single status, and no discounts are applied.
When to drop full coverage
There is no set guideline for excluding physical damage insurance, but there is a general school of thought. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s say your Toyota Camry Hybrid settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $7,000 after the deductible is paid. If it’s costing in excess of $700 a year for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some circumstances where only buying liability is not advised. If you still have a lienholder on your title, you have to keep full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
Save with these discounts
Car insurance companies don’t always list every discount available in a way that’s easy to find, so we break down a few of the more common and the more hidden discounts that may be available.
- Renewal Discounts – Select larger companies give a discount for buying a new policy before your current Camry Hybrid insurance policy expires. It can save you around 10%.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class if it’s offered in school.
- Military Deployment Discount – Being deployed in the military could be rewarded with lower premium rates.
- Club Memberships – Being in certain professional organizations could trigger savings on your policy.
- Telematics Devices – People who choose to allow their auto insurance company to scrutinize their driving habits by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may get a rate reduction if their driving habits are good.
- Driver Safety – Successfully completing a safe driver class is a good idea and can lower rates if your company offers it.
- Seat Belt Discounts – Forcing all vehicle occupants to use a seat belt can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
- Smart Student Discounts – Excelling in school can save 20 to 25%. You can use this discount normally well after school through age 25.
A little disclaimer on discounts, some credits don’t apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as comp or med pay. Despite the fact that it seems like it’s possible to get free car insurance, you aren’t that lucky. Any qualifying discounts will positively reduce your overall bill.
The illustration below illustrates the difference between Toyota Camry Hybrid car insurance rates with and without discounts being applied to the rates. The costs are based on a male driver, no violations or claims, Pennsylvania state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, safe-driver, homeowner, and multi-policy discounts applied.
Some of the insurance companies who might offer most of the discounts above possibly include:
Double check with every insurance company to give you their best rates. Depending on the company, some discounts may not apply in Philadelphia. To see insurers who offer discounts in Pennsylvania, click this link.
What if I want to buy from local Philadelphia auto insurance agents?
A small number of people still prefer to sit down and talk to an agent and we recommend doing that One of the best bonuses of comparing rates online is the fact that you can find cheap insurance rates and still have a local agent. And supporting local agents is definitely important in Philadelphia.
Once you complete this simple form, the coverage information is submitted to local insurance agents who will give you quotes for your insurance coverage. It’s much easier because you don’t need to find an agent on your own because quoted prices will be sent to you directly. You can find better rates and a licensed agent to work with. If for some reason you want to get a comparison quote from a particular provider, feel free to navigate to their website and fill out their quote form.
When narrowing the list to find a good Philadelphia insurance agent, there are a couple of types of insurance agents that you can choose from. Agents can either be exclusive or independent agents depending on their company appointments.
Independent Insurance Agents
Agents in the independent channel do not work for one specific company so they can write business amongst many companies depending on which coverage is best. If you want to switch companies, the agent simply finds a different carrier and you won’t have to switch agencies. When comparing rate quotes, it’s a good idea to contact at a minimum one independent agency to have the most options to choose from.
Below are independent insurance agencies in Philadelphia who can help you get cheap rate quotes.
Rexach Insurance Agency
2932 N 5th St – Philadelphia, PA 19133 – (215) 229-6320 – View Map
Exclusive agents have only one company to place business with like State Farm, AAA, Farmers Insurance or Allstate. Exclusive agencies are unable to provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are usually well trained on their products and sales techniques which helps overcome the inability to quote other rates.
Below is a short list of exclusive agencies in Philadelphia who can help you get price quotes.
Jack Stabler – State Farm Insurance Agent
6726 Torresdale Ave – Philadelphia, PA 19135 – (215) 331-4300 – View Map
Finding the right car insurance agent should depend on more than just a cheap price. These are valid questions to ask:
- Which companies can they place coverage with?
- Is there any savings for paying the full premium?
- Does their agency support local causes in Philadelphia?
- Does the agency have a good rating with the Better Business Bureau?
- Do they get paid more for recommending certain coverages?
- Does the agency have a current Errors and Omissions policy?
- Does the company have a solid financial rating?
- How many years of experience in personal auto insurance do they have?
How do I know if I need professional advice?
When buying the right insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed.
These are some specific questions can help discover whether you may require specific advice.
- Does low annual mileage earn a discount?
- Does my insurance cover my expensive audio equipment?
- Is pet coverage available?
- What does medical payments coverage do?
- Do I have coverage when pulling a U-Haul trailer?
- How much liability coverage do I need in Pennsylvania?
- Does my Toyota Camry Hybrid qualify for pleasure use?
- When does my teenage driver need to be added to my policy?
- Why is insurance for a teen driver so high in Philadelphia?
- Does my policy cover me if I wreck while driving under the influence?
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Persistence will pay off
When trying to cut insurance costs, you should never skimp on coverage in order to save money. In many cases, an insured cut physical damage coverage only to discover later that the few dollars in savings costed them thousands. The proper strategy is to buy the best coverage you can find at the best price while not skimping on critical coverages.
Some insurance providers do not provide online rate quotes and most of the time these regional carriers sell through independent agencies. Lower-priced Toyota Camry Hybrid insurance in Philadelphia can be found from both online companies as well as from independent agents in Philadelphia, and you should be comparing both in order to have the best chance of saving money.
More information can be read at the links below
- Choosing an Insurance Company (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for a Subaru Outback in Philadelphia? (FAQ)
- How Much is Philadelphia Auto Insurance for Teenage Males? (FAQ)
- Who Has Affordable Philadelphia Auto Insurance for First-time Drivers? (FAQ)
- Who Has Affordable Philadelphia Auto Insurance Quotes for Uber Drivers? (FAQ)
- Distracted Driving Extends Beyond Texting (State Farm)
- Vehicle Size and Weight FAQ (iihs.org)