Trying to find low-cost insurance for your Toyota Camry Hybrid in California could be an all-consuming task, but you can use our insurance buying tips to make it easier.
There is a better way to buy insurance and you need to know the quickest way to compare rates for your Toyota and find the lowest possible price from Los Angeles insurance agents and online providers.
It’s shocking but the vast majority of insurance customers have remained with the same insurance company for at least four years, and 38% of customers have never even compared rates from other companies. With the average premium in California being $1,390, drivers could save up to 35% a year just by shopping around, but they assume it’s a waste of time to find cheap insurance rates.
You should take the time to compare prices yearly because prices change frequently. Even if you think you had the best quotes on Toyota Camry Hybrid insurance in Los Angeles a couple years back other companies may now be cheaper. You can find a lot of wrong information about Camry Hybrid insurance online, but I’m going to show you the best ways to save money.
The companies in the list below offer price comparisons in Los Angeles, CA. If multiple companies are listed, we suggest you compare several of them to get a more complete price comparison.
Auto insurance is not optional
Even though Los Angeles Camry Hybrid insurance rates can get expensive, buying auto insurance is required for several reasons.
First, most states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance coverage in order to get the vehicle licensed. In California 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.
Second, if your vehicle has a loan, it’s most likely the lender will stipulate that you carry insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may insure your Toyota at an extremely high rate and require you to reimburse them for it.
Third, insurance protects both your vehicle and your personal assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. Liability coverage also pays expenses related to your legal defense in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will cover the repair costs.
The benefits of having insurance outweigh the cost, particularly if you ever have a claim. The average driver in California overpays as much as $869 every year so shop around at every policy renewal to save money.
Rates and detailed analysis
The premium table displayed next showcases a range of insurance costs for Toyota Camry Hybrid models. Learning a little about how policy rates are established can benefit drivers when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $314 | $546 | $500 | $30 | $150 | $1,540 | $128 |
| Get Your Own Customized Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Estimates do not factor in vehicle location which can change price quotes greatly.
Higher deductibles save money
One of the more difficult decisions when buying car insurance is how high or low should comp and collision deductibles be. The tables below sum up the rate fluctuation between low and high insurance deductibles. The first table uses a $100 deductible and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $430 | $810 | $500 | $30 | $150 | $1,945 | $162 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $314 | $546 | $500 | $30 | $150 | $1,540 | $128 |
| Get Your Own Customized Quote Go | |||||||
Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Estimates do not factor in your specific Los Angeles location which can raise or lower auto insurance rates substantially.
Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $34 more each month or $408 annually than choosing the higher $500 deductible. Since you would have to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to go more than 12 months between claims, you would come out ahead going with the higher deductible.
The diagram below illustrates how your choice of deductibles and can affect Toyota Camry Hybrid insurance costs for each age group. The premiums are based on a married female driver, full coverage, and no discounts are taken into consideration.
Should you buy full coverage?
The illustration below shows the difference between Toyota Camry Hybrid premium costs with full physical damage coverage compared to only buying the minimum liability limits required in California. The premiums are based on no claims, a clean driving record, $1,000 deductibles, single marital status, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no definitive formula of when to eliminate physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s pretend your Toyota Camry Hybrid replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying your deductible. If you are currently paying more than $300 annually for full coverage, then you may want to consider only buying liability coverage.
There are some situations where dropping physical damage coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Get cheaper Toyota Camry Hybrid insurance in Los Angeles with discounts
Car insurance is expensive, but you may qualify for discounts that you may not know about. Certain credits will be shown at the time of purchase, but occasionally some discounts must be requested specifically prior to getting the savings. If you aren’t receiving every discount you qualify for, you may be paying too high a price.
- Senior Citizen Discount – If you qualify as a senior citizen, you are able to get a discount up to 10%.
- Employee of Federal Government – Employees or retirees of the government can earn a discount up to 10% with select insurance companies.
- Life Insurance – Select insurance carriers reward you with lower premium rates if you buy a life policy as well.
- No Claims – Claim-free drivers pay less in comparison to drivers who are more careless.
- Bundled Policy Discount – If you have multiple policies and place coverage with the same company you may earn up to 20% off your total Camry Hybrid insurance premium.
- E-sign – Many car insurance companies give back up to $50 get Los Angeles car insurance on their website.
- Los Angeles Homeowners Discount – Owning a house in Los Angeles can save a few bucks because owning a home is proof that your finances are in order.
- ABS Brakes – Vehicles that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
Discounts lower rates, but most of the big mark downs will not be given to the entire cost. Most only reduce individual premiums such as liability, collision or medical payments. Just because it seems like you could get a free car insurance policy, you’re out of luck.
The information below shows the difference between Toyota Camry Hybrid premium costs with and without policy discounts. The price estimates are based on a female driver, a clean driving record, no claims, 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 second shows the rates with homeowner, marriage, multi-policy, safe-driver, claim-free, and multi-car discounts applied.
To choose insurers who offer free Toyota Camry Hybrid insurance quotes in California, click here to view.
Compare prices but buy from a neighborhood Los Angeles auto insurance agent
Many people just want to visit with an insurance agent and that is a personal choice. Experienced insurance agents are very good at helping people manage risk and help submit paperwork. A nice benefit of getting online price quotes is the fact that drivers can get cheaper prices but also keep your business local. Supporting small agencies is important particularly in Los Angeles.
Upon completion of this form (opens in new window), the coverage information is immediately sent to agents in your area who can give free rate quotes for your insurance coverage. You won’t even need to search for an agent since price quotes are sent to you instantly. If you want to get a rate quote from a specific company, just navigate to their website and complete a quote there.
Not all car insurance agents are the same
If you want to buy auto insurance from a local insurance agency, there are a couple of different agency structures and how they can write your policy. Auto insurance agents are categorized either exclusive or independent (non-exclusive). Either can sell affordable auto insurance policies, but it is a good idea to know the difference in how they write coverage since it could factor into your agent selection.
Independent Agents
Agents in the independent channel are not restricted to one company so as a result can place your coverage with many different companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, they simply switch companies in-house which is easy for the insured.
When comparing auto insurance rates, you will want to include price quotes from at a minimum one independent agency for the best price selection. Most also write with smaller mutual companies that can offer cheaper rates than bigger companies.
Listed below are Los Angeles independent agencies that may be able to provide free auto insurance quotes.
- JSB Insurance Services, Inc.
1801 S La Cienega Blvd Ste 201 – Los Angeles, CA 90035 – (310) 402-0020 – View Map - Fuller Insurance
621 S Westmoreland Ave – Los Angeles, CA 90005 – (213) 384-2062 – View Map - Choice Insurance Agency
1601 S La Brea Ave – Los Angeles, CA 90019 – (323) 933-9888 – View Map
Exclusive Agents
Exclusive agents can only write with one company such as AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agents cannot provide other company’s prices so you might not find the best rates. Exclusive agencies are highly trained on what they offer which helps offset the inability to provide other markets. Consumers often use the same agent mainly due to loyalty to the company and solid financial strength.
The following is a list of exclusive insurance agents in Los Angeles that are able to give price quote information.
- Gregory Kim – State Farm Insurance Agent
3580 Wilshire Blvd #130 – Los Angeles, CA 90010 – (213) 365-2071 – View Map - Patricia Aleman – State Farm Insurance Agent
3222 Glendale Blvd b – Los Angeles, CA 90039 – (323) 644-0900 – View Map - Warren Bell – State Farm Insurance Agent
1111 S Grand Ave #102 – Los Angeles, CA 90015 – (213) 741-6000 – View Map
Choosing the best insurance agency requires you to look at more than just the bottom line cost. Before buying a policy in Los Angeles, get answers to these questions.
- How often do they review coverages?
- What insurance companies do they work with in Los Angeles?
- Do the coverages you’re quoting properly cover your vehicle?
- Does the agency have a positive business rating?
- Do they get extra compensation for selling add-on coverages?
- Does the agent have professional designations like CIC, CPCU or AIC?
After talking to the agent and getting answers to your satisfaction to all your questions in addition to an acceptable price estimate, you may have just found an insurance agent that will properly insure your vehicles. Just understand that it’s your policy and you can terminate coverage for any reason so don’t feel you’re contractually obligated to a policy with no way out.
Auto insurance is unique, just like you
When quoting and choosing a policy, there really is not a cookie cutter policy. You are unique and a cookie cutter policy won’t apply.
Here are some questions about coverages that may help highlight whether you may require specific advice.
- Can my teen driver be rated on a liability-only vehicle?
- What is GAP insurance?
- Does low annual mileage earn a discount?
- Is my dog or cat covered if injured in an accident?
- Am I missing any policy discounts?
- Can I use my car for my catering business?
- Can I afford low physical damage deductibles?
If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.
Auto insurance coverage specifics
Understanding the coverages of a auto insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages available from auto insurance companies.
Coverage for collisions
Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as driving through your garage door, colliding with a tree, rolling your car and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible on your Camry Hybrid to save money on collision insurance.
Liability car insurance
Liability insurance can cover damage that occurs to people or other property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 15/30/5 which means a limit of $15,000 per injured person, a per accident bodily injury limit of $30,000, and property damage coverage for $5,000. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for claims such as repair costs for stationary objects, structural damage, emergency aid and court costs. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford. California state minimum liability requirements are 15/30/5 but you should think about purchasing more liability than the minimum.
The next chart demonstrates why buying low liability limits may not be high enough to cover claims.
Comprehensive protection
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things like hail damage, vandalism, falling objects and a broken windshield. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Medical expense coverage
Medical payments and Personal Injury Protection insurance provide coverage for expenses like ambulance fees, surgery and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured or underinsured coverage
This protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as damage to your Toyota Camry Hybrid.
Because many people only purchase the least amount of liability that is required (California limits are 15/30/5), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these limits are identical to your policy’s liability coverage.
In the end, you can save money
We just showed you quite a bit of information on how to reduce Toyota Camry Hybrid insurance prices online in Los Angeles. It’s most important to understand that the more companies you get rates for, the better your comparison will be. You may even find the lowest prices come from a small local company. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Allstate or State Farm.
Discount Toyota Camry Hybrid insurance in Los Angeles is possible both online and from local agencies, and you should compare rates from both so you have a total pricing picture. There are still a few companies who do not offer the ability to get quotes online and many times these smaller companies only sell coverage through independent insurance agents.
For more information, link through to the articles below:
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Side Impact Crash Tests (iihs.org)