Smart shoppers know that insurance companies want to keep you from shopping around. Consumers who compare rates at least once a year are very likely to switch car insurance companies because they have a good chance of finding lower prices. A recent survey discovered that drivers who compared prices once a year saved as much as $3,500 over four years compared to drivers who never shopped around for lower prices.
If finding the cheapest rates on Toyota Camry Hybrid insurance is why you’re here, then knowing how to find companies and compare auto insurance can help simplify the process.
Really, the only way to find more affordable Toyota Camry Hybrid insurance is to begin comparing prices regularly from providers who provide car insurance in Tucson. Prices can be compared by following these steps.
- Step 1: Try to comprehend coverages and the things you can change to lower rates. Many factors that drive up the price such as careless driving and a negative credit history can be rectified by being financially responsible and driving safely. Later in this article we will cover additional ideas to help keep prices low and find additional discounts you may qualify for.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can provide rate quotes from many different companies. Select a company
- Step 3: Compare the price quotes to your current policy premium to see if a cheaper price is available. If you find a lower rate, make sure there is no lapse in coverage.
- Step 4: Give notification to your current company to cancel your current auto insurance policy. Submit a signed application and payment to the newly selected company. Make sure you store the certificate of insurance somewhere easily accessible.
An important bit of advice to remember is to make sure you enter the same coverage limits and deductibles on each quote request and and to compare as many auto insurance providers as possible. Doing this enables a level playing field and a complete selection of prices.
If you have coverage now or just want cheaper rates, use these cost-cutting techniques to find the best rates without having to cut coverage. Finding quotes for cheaper protection in Tucson is not that difficult. Comparison shoppers just need to understand the proper methods to get comparison quotes on the web.
Compare Toyota Camry Hybrid insurance rates
The auto insurance companies shown below provide free rate quotes in Arizona. If multiple companies are listed, it’s a good idea that you visit several of them in order to find the most affordable rates.
Car insurance is not optional in Arizona
Even though it can be expensive, buying car insurance may be mandatory for several reasons.
- Almost all states have minimum liability requirements which means you are required to buy specific limits of liability coverage in order to be legal. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Camry Hybrid has a loan, almost every bank will require you to buy full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Toyota for a lot more money and make you pay for the much more expensive policy.
- Insurance safeguards both your vehicle and your assets. It also can pay for all forms of medical expenses that are the result of an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if someone files suit against you as the result of an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of buying car insurance greatly outweigh the cost, especially with large liability claims. But the average driver in Arizona is overpaying more than $700 annually so smart consumers compare quotes at every renewal to be sure current rates are still competitive.
Toyota Camry Hybrid insurance charts and tables
The premium table displayed next covers different policy rates for Toyota Camry Hybrid models. Understanding how rate quotes are determined can be of help when making decisions on the best policy to buy.
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate quotes do not factor in specific Tucson garaging location which can affect prices greatly.
Policy deductible comparison
One frequently asked question is how high should the physical damage coverage deductibles be. The comparisons below highlight the costs and benefits when you buy lower versus higher insurance deductibles. The first data set uses a $250 comprehensive and collision deductible and the second price chart uses a $1,000 deductible.
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Rate quotes do not factor in Tucson location which can revise premiums considerably.
Based on the figures above, using a $250 deductible will cost you roughly $25 more each month or $300 every year across all Toyota Camry Hybrid models than selecting the higher $1,000 deductible. Because you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you average at least 30 months between claims, you would most likely save money by going with a higher deductible.
Calculate savings of higher deductibles
|Average monthly premium for $250 deductibles:
|Average monthly premium for $1,000 deductibles (subtract):
|Monthly savings from raising deductible:
|Difference between deductibles ($1,000 – $250):
|Divide difference by monthly savings:
|$750 / $25
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible
An important thing to remember is that a higher deductible results in a higher out-of-pocket expense when you have a claim. You should have enough disposable income in the event you need to pay the deductible to have repairs made.
The example below illustrates how your deductible choice and can influence Toyota Camry Hybrid insurance premiums for different age groups. The price estimates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.
Should you buy full coverage?
The illustration below shows the comparison of Toyota Camry Hybrid insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Arizona. The price estimates are based on no accidents or driving violations, $1,000 deductibles, single status, and no other discounts are factored in.
When to drop comprehensive and collision
There is no clear-cut rule for phasing out full coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
For example, let’s pretend your Toyota Camry Hybrid book value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after the deductible is paid. If premiums are more than $600 a year for comprehensive and collision coverage, then you might want to consider buying only liability coverage.
There are some circumstances where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.
Discounts for cheaper car insurance rates
Some companies don’t list every discount very clearly, so we took the time to find a few of the more common and the more hidden credits that you can use to lower your rates. If you do not check that you are getting every discount available, you are paying more than you should be.
- Distant College Student Discount – Older children who are enrolled in a college that is more than 100 miles from Tucson without a vehicle on campus may be insured at a cheaper rate.
- Braking Control Discount – Cars equipped with ABS or steering control can avoid accidents and earn discounts up to 10%.
- Theft Prevention System – Vehicles that have factory anti-theft systems help deter theft and earn discounts up to 10% off your Tucson car insurance quote.
- Defensive Driver Discount – Taking a safe driver course can save you 5% or more and make you a better driver.
- Full Payment Discount – If paying your policy premium upfront rather than paying in monthly installments you can avoid monthly service charges.
- Mature Driver Discount – Older drivers could receive reduced rates.
- Early Signing – Select insurance companies give a discount for buying a new policy prior to your current Camry Hybrid insurance policy expiring. This can save 10% or more.
- No Claims – Drivers who don’t have accidents can earn big discounts as compared to accident-prone drivers.
- New Vehicle Savings – Buying a new car instead of a used Camry Hybrid can get you a discount because newer vehicles keep occupants safer.
- Discounts for Multiple Vehicles – Drivers who insure multiple cars or trucks on one policy can get a discount for every vehicle.
As a footnote on discounts, most discount credits are not given to your bottom line cost. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though the math looks like adding up those discounts means a free policy, you won’t be that lucky.
The diagram below compares Toyota Camry Hybrid insurance rates with and without discounts applied to the policy premium. The costs are based on a male driver, no accidents or driving violations, Arizona state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, claim-free, safe-driver, homeowner, and multi-policy discounts applied.
Large car insurance companies and a selection of discounts are outlined below.
- State Farm offers discounts for good student, multiple policy, student away at school, driver’s education, and passive restraint.
- Progressive may have discounts that include good student, multi-policy, multi-vehicle, continuous coverage, homeowner, and online signing.
- Progressive includes discounts for homeowner, multi-vehicle, online quote discount, good student, continuous coverage, and online signing.
- MetLife has discounts for claim-free, defensive driver, good driver, good student, accident-free, and multi-policy.
- Farm Bureau has savings for multi-vehicle, renewal discount, multi-policy, good student, and safe driver.
- GEICO may offer discounts for good student, anti-theft, emergency military deployment, anti-lock brakes, and daytime running lights.
- SAFECO may include discounts for homeowner, accident prevention training, bundle discounts, teen safe driver, and multi-car.
If you need lower rates, check with all the companies which discounts they offer. Some discounts listed above might not be available to policyholders in Tucson. To see insurers that offer the discounts shown above in Tucson, click here.
Do I need an insurance agent?
Many drivers would rather sit down and talk to an agent and doing so can bring peace of mind Good insurance agents can help you build your policy and help in the event of a claim. A nice benefit of price shopping on the web is you may find the lowest rates but also keep your business local. Buying insurance from local insurance agents is still important in Tucson.
By using this short form, the coverage information is instantly submitted to companies in Tucson that can give you free Tucson car insurance quotes for your business. It simplifies rate comparisons since you won’t have to leave your computer because quoted prices will be sent to you directly. If you want to quote rates from one company in particular, you just need to go to their quote page and fill out their quote form.
When searching for local Tucson agents, there are a couple of different types of agents and how they can quote your rates. Insurance agents can be categorized as either exclusive agents or independent agents. Both can write insurance policies, but it is a good idea to know the subtle differences since it can affect which type of agent you select.
Agents that choose to be independent do not have single company limitations and that is an advantage because they can write policies with multiple insurance companies and get the cheapest rates. If they quote lower rates, the business is moved internally without you having to go to a different agency.
When comparing rates, you need to get rate quotes from at a minimum one independent agency so that you have a good selection of quotes to compare. They often place coverage with mutual insurance companies which could offer lower prices.
Featured below is a short list of independent insurance agents in Tucson that can give you competitive price quotes.
- McElwain Insurance
1717 N Tucson Blvd – Tucson, AZ 85716 – (520) 327-3369 – View Map
- Mike Pierce Insurance
1809 S 6th Ave – Tucson, AZ 85713 – (520) 884-8488 – View Map
- RightSure Insurance Group
5151 E Broadway Blvd #120 – Tucson, AZ 85711 – (520) 901-7010 – View Map
Exclusive agencies normally can only provide a single company’s rates and some examples include American Family, State Farm, and AAA. Exclusive agents cannot give you multiple price quotes so always compare other rates. Exclusive agents receive a lot of sales training on what they offer which can be an advantage. Drivers often use the same exclusive agent partially due to the prominent brand name and solid financial strength.
Below is a short list of exclusive insurance agencies in Tucson who can help you get comparison quotes.
- Allstate Insurance: Edmund Marquez
4420 E Speedway Blvd Ste 102 – Tucson, AZ 85712 – (520) 323-9333 – View Map
- Michael Riley – State Farm Insurance Agent
2050 E Speedway Blvd – Tucson, AZ 85719 – (520) 323-9467 – View Map
- Allstate Insurance: Mike Brown
3400 E Speedway Blvd Ste 202 – Tucson, AZ 85716 – (520) 318-1775 – View Map
Choosing an auto insurance agent should include more criteria than just the quoted price. Agents should be asked these questions:
- Are they actively involved in the community?
- What is the agency’s Better Business Bureau rating?
- Can they help ensure a fair claim settlement?
- How are they compensated?
- Do they offer rental car reimbursement?
- Is there a 24/7 contact number?
- What company holds the largest book of business for them?
- Is working in the agency their full-time job?
One last thing to lower rates
The cheapest Toyota Camry Hybrid insurance in Tucson can be purchased online as well as from independent agents in Tucson, so you should be comparing quotes from both to get a complete price analysis. Some companies may not provide price quotes online and usually these regional carriers work with independent agents.
When searching for affordable Toyota Camry Hybrid insurance quotes, make sure you don’t reduce needed coverages to save money. There are a lot of situations where an insured dropped uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your goal should be to find the BEST coverage at the best cost.
We’ve covered some good ideas how you can compare Toyota Camry Hybrid insurance auto insurance rates in Tucson. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding low cost Tucson car insurance quotes. Consumers could even find that the most savings is with a small local company.
For more information, feel free to browse the following helpful articles:
- What is Gap Insurance? (Insurance Information Institute)
- How Much are Tucson Car Insurance Rates for a Toyota Highlander? (FAQ)
- How Much is Auto Insurance for Welfare Recipients in Tucson? (FAQ)
- Learn About Car Insurance (GEICO)
- Car Insurance FAQ (Trusted Choice)
- Alcohol Impaired Driving FAQ (iihs.org)