If your goal is the lowest price, then the best way to get low-cost Toyota Camry insurance is to compare prices regularly from insurers who sell insurance in Boston.
- Step 1: Spend some time learning about auto insurance and the measures you can control to lower rates. Many things that drive up the price such as multiple speeding tickets and a poor credit score can be rectified by making minor driving habit or lifestyle changes. Read the full article for information to help keep rates affordable and find possible discounts that are available.
- Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from one company like GEICO and State Farm, while independent agents can quote rates for a wide range of insurance providers.
- Step 3: Compare the new rates to the premium of your current policy and see if you can save money. If you find better rates, make sure coverage does not lapse between policies.
- Step 4: Notify your company or agent of your decision to cancel your current coverage. Submit payment along with a signed and completed policy application to your new company or agent. Immediately put the certificate verifying proof of insurance with your registration paperwork.
A good tip to remember is to try to compare the same amount of coverage on each price quote and and to analyze every insurance company. This ensures the most accurate price comparison and the best price selection.
Sad but true, nearly 70% of consumers kept their coverage with the same car insurance company for over three years, and 38% of drivers have never even compared rates from other companies. Boston drivers can save hundreds of dollars each year by just comparing rate quotes, but they just don’t want to compare rate quotes.
If you have insurance now, you stand a good chance to be able to shop for the lowest rates using these techniques. Buying the cheapest car insurance in Boston is easy if you know what you’re doing. But Massachusetts car owners must understand how big insurance companies set your policy premium and take advantage of how the system works.
Companies offering Toyota Camry insurance in Massachusetts
The following companies have been selected to offer quotes in Boston, MA. If multiple companies are listed, we suggest you visit several of them to get a more complete price comparison.
Insurance data for a Toyota Camry
The coverage information below outlines different rate quotes for Toyota Camry models. Knowing how insurance policy rates are figured is important for making decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Prices based on single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in zip code location which can modify auto insurance rates significantly.
How careless driving impacts Boston insurance rates
The diagram below demonstrates how speeding tickets and at-fault collisions increase Toyota Camry yearly insurance costs for different ages of insureds. The rate quotes are based on a married female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
Full coverage rates compared to liability-only
The chart below illustrates the comparison of Toyota Camry auto insurance rates when comparing full coverage to state minimum liability only. The price estimates are based on no claims or driving violations, $1,000 deductibles, drivers are single, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There is no clear-cut formula for excluding comp and collision coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Toyota Camry book value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $7,000 after you pay the deductible. If premium cost is more than $700 a year for physical damage coverage, then it may be the right time to buy liability only.
There are some circumstances where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
Five Things That Impact Your Insurance Costs
The best way to find cheaper auto insurance is to take a look at some of the elements that go into determining the level of your policy premiums. When consumers understand what determines premiums, this enables informed choices that will entitle you to big savings. Many different elements are taken into consideration when you quote your car insurance policy. Most are fairly basic like a motor vehicle report, but others are not quite as obvious like your continuous coverage or your financial responsibility.
The list below includes most of the major factors used by companies to determine your rate level.
Premiums may be lower depending on your job – Did you know your career choice can influence rates? Jobs like real estate brokers, executives, and medical professionals have the highest rates in part from intense work-related stress and long work hours. Other careers such as farmers, students and homemakers generally pay rates lower than average.
Car features can affect rates – Choosing a vehicle that has an advanced theft prevention system can help lower your rates. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent car theft.
Additional coverages that may be costing you – There are many extra add-on coverages that can waste your money if you don’t pay attention. Coverages for rental car reimbursement, towing, and additional equipment coverage are some examples. They may seem like a good idea when discussing your needs, but if you have no use for them think about removing them and cutting costs.
Where you reside can affect prices – Choosing to live in areas with lower population has it’s advantages when it comes to auto insurance. Less people living in that area translates into fewer accidents in addition to fewer liability claims. City drivers have to deal with much more traffic and a longer drive to work. More time behind the wheel means higher likelihood of an accident.
Keep auto insurance rates low by being claim-free – Insurance companies in Massachusetts give better rates to people who are not frequent claim filers. If you file a lot of claims you can look forward to either a policy non-renewal or much higher rates. Your car insurance is intended to be relied upon for larger claims.
Insurance loss probability for a Toyota Camry – Insurers take into consideration insurance loss statistics for every vehicle to help calculate a profitable premium price. Models that historically have a higher amount or frequency of claims will have higher rates for specific coverages.
The next table illustrates the collected loss data for Toyota Camry vehicles. For each coverage category, the statistical loss for all vehicles combined as an average is equal to 100. Numbers under 100 suggest losses that are better than average, while values that are above 100 indicate higher probability of having a loss or an increased probability of a larger loss.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Camry Hybrid||124||100||110||118||127||96|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Do you qualify for discounts?
Some providers don’t list the complete list of policy discounts in a way that’s easy to find, so the list below contains some of the best known as well as some of the hidden insurance savings.
- Government Employees – Active or retired federal employment could qualify for a slight premium decrease with certain companies.
- College Student Discount – College-age children who attend college more than 100 miles from Boston and won’t have access to an insured vehicle may be insured at a cheaper rate.
- Pay Upfront and Save – If you pay your entire premium ahead of time as opposed to paying monthly you can actually save on your bill.
- Fewer Miles Equal More Savings – Driving fewer miles may allow you to get discounted rates on garaged vehicles.
- Student Discount for Driver Training – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education in school.
- Paper-free Discount – Some insurance companies will discount your bill up to fifty bucks just for signing your application online.
- Auto/Home Discount – If you insure your home and vehicles with the same insurance company you could get a discount of approximately 10% to 15%.
- Multi-Vehicle Discounts – Insuring multiple cars on one policy can reduce the rates for all insured vehicles.
- Theft Deterrent – Cars equipped with tracking devices and advanced anti-theft systems help deter theft so companies will give you a small discount.
One thing to note about discounts is that most discount credits are not given to the entire policy premium. Most only apply to the cost of specific coverages such as liability and collision coverage. Even though it appears you can get free auto insurance, companies wouldn’t make money that way.
The illustration below shows the difference between Toyota Camry car insurance costs with and without discounts applied to the premium. The rates are based on a female driver, no driving violations, no at-fault accidents, Massachusetts 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 multi-policy, marriage, claim-free, multi-car, homeowner, and safe-driver discounts applied.
A few of the larger companies and a partial list of their discounts can be read below.
- American Family may have discounts that include bundled insurance, defensive driver, good student, accident-free, multi-vehicle, air bags, and mySafetyValet.
- Farm Bureau discounts include driver training, youthful driver, 55 and retired, safe driver, renewal discount, multi-vehicle, and good student.
- State Farm has discounts for anti-theft, driver’s education, defensive driving training, passive restraint, student away at school, accident-free, and safe vehicle.
- Travelers has savings for good student, multi-policy, continuous insurance, home ownership, and save driver.
- The Hartford may offer discounts for driver training, defensive driver, vehicle fuel type, anti-theft, air bag, good student, and bundle.
- GEICO may include discounts for good student, air bags, defensive driver, seat belt use, daytime running lights, multi-vehicle, and military active duty.
- Progressive offers premium reductions for multi-vehicle, continuous coverage, good student, homeowner, multi-policy, and online quote discount.
When comparing rates, check with every company how many discounts you can get. Some discounts may not apply to policies in every state.
You may need advice from an agent
Certain consumers would rather go talk to an agent and often times that is recommended An additional benefit of comparing rates online is you can get the lowest rates and still have a local agent. And buying from small agencies is still important in Boston.
After filling out this short form, your information is transmitted to companies in Boston who will give you quotes for your auto insurance coverage. There is no need to do any legwork as quotes are delivered to you instantly. You can most likely find cheaper rates and work with a local agent. If you wish to get a price quote from a specific company, you would need to jump over to their website and complete a quote there.
Selecting an insurance company requires more thought than just a cheap quote. These are some questions your agent should answer.
- Is there a Errors and Omissions policy in force?
- What insurance companies do they recommend if they are an independent agent?
- Can they provide you with a list of referrals?
- Does the agency provide any after hours assistance?
- If you are a high risk driver, do they have special markets for your coverage?
- Do they have cheaper tiers of coverage?
- If your car is in the repair shop, do you have coverage for a rental car?
- Is the agent CPCU or CIC certified?
Will just any policy work for me?
When selecting your policy for your vehicles, there really is no “perfect” insurance plan. Your situation is unique.
For example, these questions might help in determining if your insurance needs could use an agent’s help.
- Is coverage enough to protect my assets?
- Will I be non-renewed for getting a DUI or other conviction?
- Which is better, split liability limits or combined limits?
- What is glass protection for?
- Does low annual mileage earn a discount?
- Can my teen driver be rated on a liability-only vehicle?
- What should my uninsured motorist coverage limits be in Massachusetts?
- When do I need to add a new car to my policy?
- Do I need PIP coverage since I have good health insurance?
- What does medical payments cover?
If you can’t answer these questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form.
One last thing about your coverage
People switch companies for a number of reasons such as poor customer service, being labeled a high risk driver, lack of trust in their agent or high rates after DUI convictions. It doesn’t matter what your reason, choosing a new insurance company can be pretty painless.
We just covered a lot of tips how to lower your Toyota Camry insurance auto insurance rates in Boston. The key concept to understand is the more you quote Boston car insurance, the more likely it is that you will get a better rate. You may even discover the best price on car insurance is with the smaller companies.
Affordable Toyota Camry insurance in Boston can be purchased on the web and with local Boston insurance agents, and you should compare rates from both to get a complete price analysis. There are still a few companies who may not have rates over the internet and many times these regional carriers prefer to sell through independent insurance agents.
To read more, take a look at the resources below:
- Smart Auto Insurance Tips (Insurance Information Institute)
- Who Has Cheap Auto Insurance Rates for a Nissan Rogue in Boston? (FAQ)
- How Much are Auto Insurance Rates for a Toyota Corolla in Boston? (FAQ)
- How Much is Car Insurance for Single Moms in Boston? (FAQ)
- What Insurance is Cheapest for Low Mileage Drivers in Boston? (FAQ)
- Airbag FAQ (iihs.org)
- Get the Right Protection (InsureUonline.org)