Buying economical insurance for a Toyota Camry relies on a large number of factors such as the safety rating for your Camry, your occupation, and the level of deductible you choose. Drivers pay on average $1,247 a year for Camry insurance, but that is a projection using a 40-year-old married male driver with full coverage and $250 deductibles.
The problem with using this number is the good chance you’re not a 40-year-old male, you might be single instead of married, or maybe you just want liability only instead of full coverage. Just a very minor change in the factors used in pricing a policy can result in a large change in rates.
There is no perfect policy for every driver, so the best way to find cheap auto insurance rates for your Toyota is to put in the effort to do a thorough rate comparison.
Your vehicle’s trim level tends to impact the cost of insurance, so the rate you will pay to insure a Camry LE trim level will be $214 cheaper than the insurance cost for the higher-priced Camry Hybrid model, as shown in the prices below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $310 | $530 | $456 | $26 | $136 | $1,458 | $122 |
| Camry SE | $310 | $624 | $456 | $26 | $136 | $1,552 | $129 |
| Camry XLE | $310 | $624 | $456 | $26 | $136 | $1,552 | $129 |
| Camry Hybrid | $350 | $624 | $514 | $30 | $154 | $1,672 | $139 |
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Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate information does not factor in specific Los Angeles garaging location which can modify premium rates noticeably.
Choosing the top car insurance provider can be a challenge considering how many different insurance companies sell coverage in California. The company information shown below could help you select which auto insurance companies you want to consider comparing rate quotes with.
The ratings below are only comprised of companies that insure vehicles nationwide, so smaller regional companies are not included in this list. To compare rates from the most competitive companies in California, follow this link.
Top 10 Major Auto Insurers in Los Angeles Ranked by Customer Service
- AAA of Southern California
- GEICO
- State Farm
- The Hartford
- Mercury Insurance
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
Top 10 Major Auto Insurers in Los Angeles Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA of Southern California – 92%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
Full coverage versus liability only rates
Saving money on insurance is important to most people, and one of the quickest ways to buy cheap insurance for a Toyota Camry is to not pay for full coverage. The diagram below compares auto insurance rates with liability coverage only compared to full coverage. The costs are based on no claims or violations, $500 deductibles, marital status is single, and no other discounts are factored in.
As an average, comprehensive and collision coverage on your policy costs an additional $2,612 per year over and above liability only. Lot’s of drivers question when is it safe to stop buying full coverage. There is no clear-cut rule for dropping full coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.
Discounts on Los Angeles auto insurance rates
Insurance providers that offer coverage for a Toyota Camry may also provide discounts that can reduce rates by 40% or more if you qualify for them. Popular insurance companies and the discounts they provide include:
- Progressive discounts include homeowner, multi-vehicle, good student, multi-policy, continuous coverage, online quote discount, and online signing.
- The Hartford offers discounts including defensive driver, vehicle fuel type, anti-theft, driver training, air bag, good student, and bundle.
- Mercury Insurance includes discounts for annual mileage, age of vehicle, ease of repair, good driver, and anti-theft.
- GEICO may have discounts that include anti-theft, five-year accident-free, emergency military deployment, multi-vehicle, and federal employee.
- AAA offers discounts for pay-in-full, AAA membership discount, education and occupation, anti-theft, good driver, multi-policy, and good student.
- State Farm offers premium reductions for good driver, good student, multiple policy, student away at school, accident-free, and defensive driving training.
The information below shows the comparison of auto insurance costs with and without discounts applied to the premium. The data is based on a male driver, no claims or violations, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with vehicle safety, marriage, multiple vehicle, defensive driving course, claim-free, and homeowner discounts applied. When taking advantage of discounts, the average amount saved each year on insurance for a Toyota Camry is 28% or $816.
How accidents and violations affect rates
In a perfect world, the ideal way to enjoy low insurance premiums in California for a Camry is to pay attention while driving and have a clean driving record. The diagram below illustrates how speeding tickets and accidents can drive up insurance prices for different categories of driver ages. The rates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied.
In the example above, the average cost of car insurance in Los Angeles per year with no violations or accidents is $3,147. Get written up for two speeding tickets and the average cost jumps to $4,177, an increase of $1,030 each year. Now add one accident along with the two speeding tickets and the yearly cost of insurance for a Toyota Camry jumps again to an average of $5,213. That’s an increase of $2,065, or $172 per month, just for being a less-than-perfect driver!