Toyota Camry Insurance Quotes in Philadelphia

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Insurance for Toyota CamryDo you need a better way to compare low-cost Toyota Camry insurance in Philadelphia? Do you get exhausted from scraping the payment together to pay your car insurance bill each month? You're in the same situation as most other consumers in Pennsylvania.

It's a known fact that auto insurance companies don't want customers comparing rates. Drivers who shop around once a year are likely to switch car insurance companies because there are good odds of finding better rates. A recent study showed that drivers who shopped around annually saved an average of $860 a year compared to people who don't regularly compare prices.

If finding the most affordable auto insurance is your ultimate objective, then having a good understanding the best ways to shop for insurance can help simplify the task of finding more affordable coverage. Since you have so many choices of insurance companies that have cheaper insurance for a Toyota Camry in Philadelphia, it can be difficult for drivers to locate the most affordable company.

Smart consumers take time to do price comparisons periodically because car insurance rates are variable and change quite frequently. Just because you found the best rate on Toyota Camry insurance in Philadelphia last year other companies may now be cheaper. Block out anything you think you know about car insurance because we're going to demonstrate the proper way to find the best coverage while lowering your premiums.

The easiest way to compare rates for Toyota Camry insurance in Philadelphia takes advantage of the fact most larger insurance companies pay for the opportunity to provide you with free rate quotes. To get started, all you need to do is provide details including marital status, what your job is, whether you have decent credit, and the year, make and model of vehicles. Those rating factors is then submitted to multiple car insurance providers and you receive quotes immediately.

To check rates for your Toyota Camry now, click here and enter your coverage details.

The auto insurance companies shown below are ready to provide free rate quotes in Philadelphia, PA. If more than one company is shown, it's highly recommended you visit two to three different companies in order to find the cheapest rates.

Coverage statistics and figures

The table shown next showcases different insurance costs for Toyota Camry models. Having knowledge of how prices are determined helps drivers make informed decisions when comparing rates.

Toyota Camry Insurance Rates in Philadelphia, PA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $158 $270 $330 $20 $98 $876 $73
Camry SE $158 $318 $330 $20 $98 $924 $77
Camry XLE $158 $318 $330 $20 $98 $924 $77
Camry Hybrid $178 $318 $372 $22 $112 $1,002 $84
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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Prices do not factor in specific garaging location which can affect premiums substantially.

Car insurance deductibles

One frequently asked question is where to set your physical damage deductibles. The rates shown below help summarize the premium difference when you choose different physical damage deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Toyota Camry insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $254 $428 $330 $20 $98 $1,155 $96
Camry SE $254 $506 $330 $20 $98 $1,233 $103
Camry XLE $254 $506 $330 $20 $98 $1,233 $103
Camry Hybrid $288 $506 $372 $22 $112 $1,325 $110
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Toyota Camry insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $158 $270 $330 $20 $98 $876 $73
Camry SE $158 $318 $330 $20 $98 $924 $77
Camry XLE $158 $318 $330 $20 $98 $924 $77
Camry Hybrid $178 $318 $372 $22 $112 $1,002 $84
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in garaging location in Philadelphia which can affect premiums greatly.

Based on the above data, using a $250 deductible costs about $25 more each month or $300 each year across all Toyota Camry models than selecting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 30 months between claims, you would save more money by selecting a higher deductible.

Should you buy full coverage?

The example below shows the difference between Toyota Camry insurance costs with full coverage and liability only. The information is based on no accidents, no driving violations, $1,000 deductibles, drivers are single, and no policy discounts are applied.

Are you wasting money on full coverage?

There isn't a written rule of when to phase out physical damage coverage, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let's pretend your Toyota Camry book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after paying the physical damage deductible. If you are currently paying more than $500 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.

There are some cases where removing full coverage is not in your best interest. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not drop full coverage.

Best reasons to buy car insurance in Pennsylvania

Despite the high cost, insuring your vehicle serves a purpose in several ways.

  • Almost all states have minimum mandated liability insurance limits which means state laws require a specific minimum amount of liability insurance in order to license the vehicle. 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 your Toyota has a lienholder, it's most likely the lender will require you to have full coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may buy a policy for your Toyota for a lot more money and require you to fork over much more than you were paying before.
  • Insurance safeguards not only your Toyota Camry but also your financial assets. It also can pay for many types of medical costs that are the result of an accident. Liability coverage also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage minus the deductible amount.

The benefits of having car insurance more than offset the price you pay, especially for larger claims. On average, a vehicle owner in Philadelphia is overpaying more than $800 each year so it's important to compare rates every year to be sure current rates are still competitive.

Lower Your Philadelphia Insurance Rates

The best way to find cheaper insurance is to take a look at the different types of things that go into determining the rates you pay for insurance. When you know what positively or negatively controls the rates you pay, this allows you to make educated decisions that may reward you with big savings.

Car features that lower insurance rates - Selecting a car model with a theft deterrent system can earn a premium discount. Systems that thwart thieves like GM's OnStar, tamper alarm systems and vehicle immobilizers can help prevent vehicle theft.

Youthful driver insurance premiums - Older, more experienced drivers are shown to be more cautious, cause fewer claims and accidents, and receive fewer citations. Drivers with little experience are statistically proven to be less responsible when behind the wheel so they pay higher insurance rates.

The following data uses these variables: single driver, full coverage with $250 deductibles, and no discounts or violations.

Men drivers tend to cost more - Statistics have proven that females take fewer risks when driving. It does not mean women are better drivers. Males and females get in at-fault accidents at about the same rate, but guys tend to have higher claims. Not only that, but men also have more aggressive citations like driving under the influence (DUI). Young men ages 16 to 20 tend to get in the most accidents and thus pay the highest rates.

The diagram below visualizes the comparison of Toyota Camry car insurance rates for male and female drivers. The information is based on a clean driving record, no claims, comprehensive and collision coverage, $100 deductibles, single status, and no discounts are factored in.

High physical damage deductibles lower prices - Physical damage deductibles state the amount of money you are required to pay before your insurance pays a claim. Insurance for physical damage to your car, also called comprehensive and collision insurance, protects your car from damage. A few examples of covered claims would be collision with another vehicle, fire damage, or theft of your vehicle. The more damage repair cost you have to pay, the less your company will charge you for insurance.

Loss statistics for a Toyota Camry - Insurance companies take into consideration insurance loss statistics for every vehicle to calculate a rate that will offset losses. Models that are shown to have higher loss trends will have higher rates.

The table below demonstrates the actual insurance loss data for Toyota Camry vehicles. For each coverage type, the claim probability for all vehicles averaged together is set at 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while values that are 100 or greater indicate higher probability of having a loss or tendency to have higher losses.

Toyota Camry Insurance Claim Statistics
Vehicle 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

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Philadelphia insurance discounts for a Toyota Camry

Car insurance can cost a lot, but you may be missing some discounts that may help make it more affordable. Some discounts apply automatically at the time you complete a quote, but some may not be applied and must be requested specifically prior to getting the savings.Cheaper auto insurance with discounts

  • Driver Safety - Taking a course in defensive driving could cut 5% off your bill and easily pay for the cost of the class.
  • Claim Free - Claim-free drivers can save substantially when compared with bad drivers.
  • No Charge for an Accident - This one isn't a discount, but companies like State Farm and Allstate will forgive one accident without raising rates with the catch being you have to be claim-free prior to being involved in the accident.
  • ABS and Traction Control Discounts - Cars with ABS and/or traction control prevent accidents and therefore earn up to a 10% discount.
  • Discounts for Federal Employees - Active or retired federal employment may qualify for a discount when you quote Philadelphia auto insurance depending on your auto insurance provider.
  • Save over 55 - Older drivers may be able to get a discount up to 10%.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, insurance companies wouldn't stay in business.

The diagram below illustrates the difference between Toyota Camry yearly insurance costs with and without discounts. The costs are based on a male driver, no driving violations, no at-fault accidents, Pennsylvania 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 homeowner, multi-car, marriage, multi-policy, safe-driver, and claim-free discounts applied.

If you would like to choose from a list of companies that can offer you the previously mentioned discounts in Philadelphia, click here to view.

When should I discuss my situation with an agent?

When quoting and comparing the right insurance coverage, there isn't really a "best" method to buy coverage. Everyone's needs are different.Higher deductibles save money

For instance, these questions may help you determine whether or not you might need professional guidance.

  • Which is better, split liability limits or combined limits?
  • I have health insurance so do I need medical payments coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Is my custom stereo system covered?
  • Does coverage extend to a rental car in a foreign country?
  • Does my policy pay for OEM or aftermarket parts?
  • Do I need more liability coverage?
  • What are the liability requirements in my state?
  • Am I covered if I hit someone who is not insured?

If you're not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don't have a local agent, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Can't I compare rates from local Philadelphia insurance agencies?

Certain consumers would prefer to sit down with an agent and that is just fine! Professional insurance agents can help you build your policy and help in the event of a claim. An additional benefit of getting free rate quotes online is you may find cheap car insurance quotes and still buy from a local agent. Buying from and supporting local agents is still important in Philadelphia.

Find insurance agent in PhiladelphiaTo find an agent, once you fill out this form (opens in new window), the quote information is emailed to local insurance agents who will return price quotes for your car insurance coverage. It makes it easy because there is no need to contact any insurance agencies since price quotes are sent to the email address you provide. If you have a need to compare rates from a particular provider, don't hesitate to jump over to their website and complete a quote there.

Listed below are agents in Philadelphia willing to provide rate quotes for Toyota Camry insurance in Philadelphia.

617 S 18th St - Philadelphia, PA 19146 - (215) 545-9500 - View Map

214 Fairmount Ave - Philadelphia, PA 19123 - (800) 701-5909 - View Map

7034 Frankford Ave - Philadelphia, PA 19135 - (215) 333-5544 - View Map

7338 Frankford Ave - Philadelphia, PA 19136 - (215) 335-6878 - View Map

More Philadelphia agents

Choosing a company is decision based upon more than just the quoted price. Here are some questions to ask:

  • Is coverage determined by price?
  • Will the quote change when the policy is issued?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • Does the agency support the community they serve?
  • Are claims handled at the agent's location?
  • Is the agency covered by Errors and Omissions coverage?
  • How experienced are they in personal risk management?

Once you have received good feedback to all your questions and inexpensive Toyota Camry insurance in Philadelphia quotes, you've probably found a company that is reliable enough to insure your vehicles. Just remember you are entitled to cancel a policy any time you want so never assume you're contractually obligated to a policy for the entire policy term.

Quote often and quote early

In this article, we presented some good ideas how to find cheap Toyota Camry insurance in Philadelphia. The most important thing to understand is the more companies you get auto insurance rates for, the higher the chance of saving money. You may even find the best rates are with a lesser-known regional company.

Consumers change insurance companies for any number of reasons including poor customer service, unfair underwriting practices, questionable increases in premium or policy cancellation. It doesn't matter what your reason, switching companies can be easier than you think.

As you shop your coverage around, it's very important that you do not reduce needed coverages to save money. In many instances, an accident victim reduced liability coverage limits and found out when filing a claim they didn't purchase enough coverage. Your goal is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.

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