Having to pay for expensive Toyota Camry insurance in Aurora can take a big chunk out of your personal savings and force you to make tough financial choices. Comparison shopping can be a smart way to reduce premiums and put more money in your pocket.
Sad but true, nearly 70% of consumers have purchased from the same company for more than four years, and almost 40% of drivers have never compared rates to find cheap insurance. Many drivers in Aurora could save almost $600 a year, but they don’t believe the actual amount they would save if they switched.
Steps to finding cheaper Toyota Camry insurance in Aurora
If your goal is the lowest price, then the best way to find affordable quotes for Toyota Camry insurance is to regularly compare prices from companies in Aurora.
- First, spend a few minutes and learn about car insurance and the things you can change to prevent expensive coverage. Many factors that result in higher prices like inattentive driving and a negative credit rating can be eliminated by improving your driving habits or financial responsibility.
- Second, compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Allstate, while agents who are independent can provide price quotes from many different companies. View a list of agents
- Third, compare the new quotes to the premium of your current policy and see if there is a cheaper rate. If you can save money, ensure there is no coverage lapse between policies.
- Fourth, notify your current company of your intent to cancel your current car insurance policy. Submit payment and a signed application for the new policy. Make sure you place your new proof of insurance certificate with your registration paperwork.
The key thing to know about shopping around is to make sure you’re comparing identical coverages on each quote request and and to get rates from all possible companies. Doing this ensures an accurate price comparison and a complete rate analysis.
Because there are so many options when it comes to insurance, it can be challenging to pick the cheapest company.
Choosing the best insurance company for you in Aurora is not that difficult. If you’re already insured, you will be able to find the best rates using these methods. Nevertheless, Colorado car owners must know how the larger insurance companies determine prices and use it to your advantage.
Affordable companies for Toyota Camry insurance in Colorado
The companies shown below offer quotes in Aurora, CO. If multiple companies are listed, we suggest you visit as many as you can in order to get a fair rate comparison.
Toyota Camry coverage analysis
The coverage information shown below showcases detailed analysis of policy rates for Toyota Camry models. Having a good understanding how insurance policy premiums are figured can help you make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $186 | $354 | $474 | $28 | $142 | $1,184 | $99 |
| Camry SE | $186 | $416 | $474 | $28 | $142 | $1,246 | $104 |
| Camry XLE | $186 | $416 | $474 | $28 | $142 | $1,246 | $104 |
| Camry Hybrid | $210 | $416 | $536 | $32 | $160 | $1,354 | $113 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Price information does not factor in zip code location which can raise or lower rates significantly.
Auto insurance deductibles
One of the hardest decisions when shopping for auto insurance is what deductibles to buy. The following tables can help you understand the difference in cost between low and high comp and collision deductibles. The first set of rates uses a $100 deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Camry SE | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Camry XLE | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Camry Hybrid | $342 | $644 | $396 | $24 | $118 | $1,549 | $129 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $220 | $368 | $352 | $20 | $106 | $1,066 | $89 |
| Camry SE | $220 | $434 | $352 | $20 | $106 | $1,132 | $94 |
| Camry XLE | $220 | $434 | $352 | $20 | $106 | $1,132 | $94 |
| Camry Hybrid | $250 | $434 | $396 | $24 | $118 | $1,222 | $102 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Premium costs do not factor in specific Aurora garaging location which can influence coverage rates noticeably.
Based on the above data, using a $100 deductible will cost you approximately $26 more each month or $312 every year than choosing the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 15 months between claim filings, you would probably be better off if you opt for a higher deductible. Below is a better example of how this determination is made.
| Average monthly premium for $100 deductibles: | $121 |
| Average monthly premium for $500 deductibles (subtract): | – $95 |
| Monthly savings from raising deductible: | $26 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $26 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 15 months |
Full coverage versus liability only rates
The chart below visualizes the comparison of Toyota Camry auto insurance costs with full coverage and liability only. The premiums are based on no violations or claims, $100 deductibles, single status, and no discounts are factored in.
Should you pay for full coverage?
There is no set rule for phasing out physical damage coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s say your Toyota Camry settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company would pay you is $8,000 after you pay the deductible. If you are currently paying more than $800 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are some conditions where removing full coverage is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
How do Car Insurance Companies Determine Toyota Camry Insurance Premiums?
Multiple criteria are considered when premium rates are determined. Some factors are common sense like your driving record, but other criteria are more transparent such as your marital status or your vehicle rating.
The following are a few of the things that factor into your prices.
- Incidental coverages that aren’t used – Policies have add-on coverages that can add up when buying auto insurance. Insurance for things like rental car coverage, better glass coverage, and term life insurance may not be needed and are just wasting money. They may sound like good ideas at first, but your money might be better spent on other coverage so get rid of them and save.
-
Good drivers pay the best prices – Whether or not you get tickets has a huge affect on how much you pay. Having just one moving violation could increase your next policy renewal to the point where it’s not affordable. Attentive drivers tend to pay less for car insurance compared to drivers with tickets. People who have careless citations like reckless driving, hit and run or driving under the influence might be required by their state to complete a SR-22 with their state in order to legally drive.
The chart below illustrates how speeding tickets and at-fault accidents raise Toyota Camry auto insurance rates for different insured age categories. The prices are based on a single male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
- Be proud to be claim-free – If you frequently file small claims, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance companies in Colorado give cheaper rates to drivers who are claim-free. Insurance coverage is intended for claims that pose a financial burden.
- Vehicles with better crash test results cost less to insure – Safer cars get lower rates. The safest vehicles have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims which can result in lower premiums.
-
Loss statistics for a Toyota Camry – Insurance companies use past loss statistics for each vehicle to help calculate premium costs. Models that have higher frequency or amount of claims will have a higher premium rate.
The table shown below demonstrates the insurance loss data used by companies for Toyota Camry vehicles. For each coverage category, the loss probability for all vehicles averaged together is equal to 100. Percentage values below 100 suggest a better than average loss history, while values that are above 100 point to more claims or an increased chance of larger losses than average.
Car Insurance Loss Data for Toyota Camry Models Vehicle Make and 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 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Take policy discounts and save on Toyota Camry insurance in Aurora
The price of auto insurance can be rather high, but you may qualify for discounts that can dramatically reduce your bill. Larger premium reductions will be automatically applied at the time of quoting, but once in a while a discount must be requested specifically before they will apply.
- ABS and Traction Control Discounts – Cars with ABS braking systems or traction control have fewer accidents so companies give up to a 10% discount.
- Sign Online – A handful of larger companies will give a small break just for signing your application digitally online.
- Home Ownership Discount – Owning a home in Aurora can get you a discount due to the fact that maintaining a home shows financial diligence.
- No Claims – Insureds who avoid accidents and claims have much lower rates as opposed to frequent claim filers.
- More Vehicles More Savings – Drivers who insure all your vehicles on one policy may reduce the rate for each vehicle.
- Multi-policy Discount – If you can combine your auto and homeowners policy with one insurance company you could earn a discount of over 10 percent off each policy depending on the company.
- Life Insurance – Not all companies offer life insurance, but some may give you better rates if you take out a life policy as well.
- Federal Government Employee – Employees or retirees of the government could qualify for a slight premium decrease depending on your insurance provider.
As is typical with insurance, many deductions do not apply to your bottom line cost. Some only reduce specific coverage prices like liability and collision coverage. So when the math indicates adding up those discounts means a free policy, it doesn’t quite work that way.
The illustration below illustrates the comparison of Toyota Camry insurance premiums with and without policy discounts. The price estimates are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, homeowner, multi-policy, safe-driver, marriage, and multi-car discounts applied.
Larger insurance companies and some of their more popular discounts are included below.
- GEICO may include discounts for federal employee, anti-theft, multi-policy, seat belt use, daytime running lights, good student, and multi-vehicle.
- USAA may have discounts that include new vehicle, multi-policy, driver training, family discount, and safe driver.
- Progressive offers discounts including online signing, continuous coverage, online quote discount, multi-vehicle, homeowner, good student, and multi-policy.
- American Family includes discounts for accident-free, Steer into Savings, air bags, defensive driver, and good driver.
- Esurance policyholders can earn discounts including anti-theft, online shopper, good student, safety device, claim free, defensive driver, and Pac-12 alumni.
- Farmers Insurance has discounts for youthful driver, mature driver, homeowner, business and professional, teen driver, multi-car, and bundle discounts.
- State Farm offers discounts for student away at school, accident-free, safe vehicle, good student, Drive Safe & Save, Steer Clear safe driver discount, and anti-theft.
If you are trying to find low cost Aurora auto insurance quotes, ask all the companies to give you their best rates. All car insurance discounts might not be available to policyholders in every state. To see a list of companies with significant discounts in Colorado, click this link.
Are insurance agencies of importance?
A small number of people still prefer to sit down with an agent and there is nothing wrong with that. A nice benefit of price shopping on the web is the fact that you can find cheap car insurance quotes but also keep your business local.
Once you complete this form (opens in new window), your information is instantly submitted to local insurance agents who will gladly provide quotes for your business. It makes it easy because there is no need to leave your house since rate quotes are delivered immediately to you. It’s the lowest rates AND a local agent. If you wish to get a rate quote from a specific car insurance provider, you can always navigate to their website to submit a rate quote request.
Picking an insurance company requires more thought than just a cheap price quote. Below are some questions you should ask.
- Can glass claims be handled at your home?
- Can you use your own choice of collision repair facility?
- Do you need full coverage on every vehicle?
- Is there any savings for paying the full premium?
- Who are their largest clients?
- Does the agency have a current Errors and Omissions policy?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
When looking for a good insurance agency, it’s important to understand the different types of agencies and how they are slightly different. Car insurance agents in Aurora are either exclusive agents or independent agents.
Exclusive Agencies
Agents in the exclusive channel generally can only insure with one company like State Farm, Allstate, or Farmers Insurance. Exclusive agents cannot provide other company’s prices so they have to upsell other benefits. Exclusive agents are trained well on their company’s products which aids in selling service over price.
Listed below are Aurora exclusive agencies willing to provide price quotes.
Sam Smith – State Farm Insurance Agent
13688 E Iliff Ave a – Aurora, CO 80014 – (720) 535-5506 – View Map
Jody Roberts – State Farm Insurance Agent
15260 E Hampden Ave – Aurora, CO 80014 – (303) 693-1650 – View Map
State Farm: Anne Sandoval
18511 E Hampden Ave #210 – Aurora, CO 80013 – (303) 699-8883 – View Map
Independent Insurance Agents
Agents of this type do not sell for just one brand so as a result can place your coverage with a variety of different insurance companies and help determine which has the cheapest rates. If premiums increase, the agent simply finds a different carrier without you having to go to a different agency. When comparison shopping, we highly recommend that you include a few independent agents to get the most accurate price comparison.
Below is a short list of independent insurance agents in Aurora that can give you comparison quotes.
Colorado Insurance Professionals, Inc.
13693 E Iliff Ave – Aurora, CO 80014 – (303) 755-8600 – View Map
BUD JUDY AGENCY, INC. (INDEPENDENT INSURANCE AGENCY)
2222 S Fraser St Unit 4 – Aurora, CO 80014 – (303) 368-5839 – View Map
L.A. Insurance Agency
9601 E Colfax Ave – Aurora, CO 80010 – (303) 577-2400 – View Map
Smart consumers save more
The cheapest Toyota Camry insurance in Aurora can be purchased both online in addition to local insurance agencies, so you need to shop Aurora auto insurance with both in order to have the best price selection to choose from. Some insurance companies may not offer price quotes online and most of the time these regional carriers sell through independent agents.
As you go through the steps to switch your coverage, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice physical damage coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage for the lowest cost, but do not sacrifice coverage to save money.
How to find lower priced Toyota Camry insurance in Aurora
The preferred way to find cheaper auto insurance rates is to compare prices at least once a year from insurers in Aurora.
- Get a basic knowledge of individual coverages and the measures you can control to lower rates. Many risk factors that result in higher prices like at-fault accidents, speeding tickets, and an unacceptable credit history can be remedied by making minor changes in your lifestyle.
- Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like Progressive or Farmers Insurance, while independent agents can provide rate quotes from multiple insurance companies. Start a quote
- Compare the new quotes to your current policy premium to see if switching to a new carrier will save money. If you can save some money and change companies, verify that coverage does not lapse between policies.
- Give notification to your current company of your intent to cancel your current auto insurance policy and submit a completed policy application and payment to the newly selected company. As soon as you can, safely store the proof of insurance certificate with the vehicle registration.
The most important part of this process is to compare the same deductibles and limits on every quote and and to compare as many auto insurance providers as possible. Doing this ensures an apples-to-apples comparison and a thorough price selection.
Helpful resources
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
- Who Has Cheap Car Insurance for a Toyota Highlander in Aurora? (FAQ)
- How Much is Car Insurance for a Subaru Impreza in Aurora? (FAQ)
- How Much are Auto Insurance Rates for a Nissan Rogue in Aurora? (FAQ)
- What Insurance is Cheapest for a Jeep Grand Cherokee in Aurora? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Auto Insurance 101 (About.com)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)