The recommended way to find cheaper car insurance rates is to do a yearly price comparison from companies in Scottsdale.
- Gain an understanding of coverages and the steps you can take to prevent expensive coverage. Many risk factors that cause rate increases such as traffic citations and a low credit score can be controlled by making small lifestyle or driving habit changes. Later in this article we will cover more information to help prevent high rates and get discounts that may be overlooked.
- Compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like GEICO or State Farm, while agents who are independent can give you price quotes from many different companies.
- Compare the new rate quotes to the premium of your current policy and see if you can save money. If you can save money and make a switch, ensure coverage does not lapse between policies.
One key aspect when comparing rates is to make sure you enter the same level of coverage on each quote and and to get rates from as many companies as possible. Doing this guarantees a level playing field and the best price selection.
Unfortunately, most drivers in Arizona have bought insurance from the same company for well over three years, and about 40% of consumers have never compared quotes from other companies. Most drivers in America could save as much as $860 each year by just comparing rate quotes, but most just don’t grasp the benefits if they changed companies.
Informed Consumers Save Money
A large part of saving on auto insurance is knowing the factors that go into determining your auto insurance rates. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that can earn you lower premium levels.
Listed below are some of the factors used by insurance companies to determine prices.
Your location is a factor – Having an address in less populated areas of the country has definite advantages when buying auto insurance. Fewer people means a lower chance of having an accident. Residents of big cities tend to have more auto accidents and a longer drive to work. More time on the road means a statistically higher chance of an accident.
Deter car thieves – Owning a car that has a built-in theft deterrent system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent your vehicle from being stolen.
Only buy what you need – Insurance companies have many add-on coverages that may not really be needed if you aren’t careful. Coverages for personal injury protection, accident forgiveness, and extra life insurance coverage are examples of these. These coverages may sound good when buying your policy, but if you don’t need them eliminate the coverages to reduce your premium.
Liability coverage is critical – Liability insurance is the coverage that protects you if you are ruled to be at fault for damages from an accident. Liability provides for a legal defense to defend your case. Liability insurance is pretty cheap as compared to coverage for physical damage, so do not skimp.
Toyota Camry insurance claim data – Insurers use statistical claims data in order to profitably underwrite each model. Vehicles that the data determines to have higher claim frequency or loss amount will cost more for coverage. The table below illustrates the historical loss data for Toyota Camry vehicles.
For each coverage category, the claim amount for all vehicles as a whole is considered to be 100. Percentages below 100 indicate better than average losses, while numbers above 100 indicate more frequent claims or statistically larger claims.
| Specific Toyota 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 |
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance coverage details
The rate table displayed below showcases estimates of insurance coverage prices for Toyota Camry models. Having insight into how premiums are formulated is important for you to make smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $188 | $314 | $300 | $18 | $90 | $910 | $76 |
| Camry SE | $188 | $370 | $300 | $18 | $90 | $966 | $81 |
| Camry XLE | $188 | $370 | $300 | $18 | $90 | $966 | $81 |
| Camry Hybrid | $212 | $370 | $338 | $20 | $102 | $1,042 | $87 |
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in specific zip code location which can increase or decrease price quotes noticeably.
Higher deductibles save money
When shopping for car insurance, a common question is at what level do you set your deductibles. The following tables may help you to understand how much more rates are between low and high physical damage coverage deductibles. The first data set uses a $250 deductible for comprehensive and collision coverage and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $232 | $390 | $300 | $18 | $90 | $1,055 | $88 |
| Camry SE | $232 | $460 | $300 | $18 | $90 | $1,125 | $94 |
| Camry XLE | $232 | $460 | $300 | $18 | $90 | $1,125 | $94 |
| Camry Hybrid | $262 | $460 | $338 | $20 | $102 | $1,207 | $101 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $144 | $246 | $300 | $18 | $90 | $798 | $67 |
| Camry SE | $144 | $290 | $300 | $18 | $90 | $842 | $70 |
| Camry XLE | $144 | $290 | $300 | $18 | $90 | $842 | $70 |
| Camry Hybrid | $162 | $290 | $338 | $20 | $102 | $912 | $76 |
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Price estimates do not factor in specific location information which can affect coverage rates greatly.
Based on the above data, using a $250 deductible costs about $23 more each month or $276 each year than quoting the higher $1,000 deductible. Since you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 33 months between claim filings, you would save money going with the higher deductible.
Rate comparison of male drivers versus female drivers
The illustration below illustrates the difference between Toyota Camry insurance rates for male and female drivers. The rates are based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, drivers are single, and no discounts are applied to the premium.
Difference between full coverage and liability only rates
The chart below visualizes the comparison of Toyota Camry insurance costs with and without full coverage. The data assumes no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are applied to the premium.
When to stop buying comprehensive and collision coverage
There is no set guideline of when to phase out comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Toyota Camry replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying your deductible. If it’s costing you more than $600 annually for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not advised. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should not buy liability only.
Companies offer many types of discounts on Toyota Camry insurance in Scottsdale
Some insurance providers don’t always advertise the complete list of policy discounts in a way that’s easy to find, so the following is a list of a few of the more common as well as the least known discounts that you may qualify for.
- Safety Restraint Discount – Buckling up and requiring all passengers to buckle their seat belts can save 10% or more on medical payment and PIP coverage.
- Waiver for an Accident – Not necessarily a discount, but some insurance companies will let one accident slide before they charge you more for coverage as long as you don’t have any claims for a particular time prior to the accident.
- Discounts for Government Workers – Being employed by or retired from a federal job could qualify for a slight premium decrease with certain companies.
- Driver’s Education for Students – It’s a good idea to have your young drivers take driver’s ed class in high school.
- Sign Online – Many larger companies will give you a small discount for buying your policy online.
- Discount for Swiching Early – Some car insurance companies reward drivers for buying a policy prior to the expiration date on your current Camry insurance policy. You could save around 10% when you buy Scottsdale auto insurance online.
- Active Military Service – Having an actively deployed family member could trigger a small discount.
- Clubs and Organizations – Being in qualifying clubs or civic groups could earn you a nice discount on your policy.
Don’t be shocked that some credits don’t apply to the entire policy premium. Most only cut individual premiums such as medical payments or collision. Despite the fact that it seems like you could get a free car insurance policy, companies wouldn’t make money that way.
The information below illustrates the difference between Toyota Camry insurance costs with and without discounts applied. The premiums assume a male driver, no accidents, no driving violations, Arizona 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, multi-policy, multi-car, claim-free, marriage, and safe-driver discounts applied.
The best car insurance companies and their possible discounts can be read below.
- Progressive offers premium reductions for good student, homeowner, online signing, multi-vehicle, continuous coverage, multi-policy, and online quote discount.
- The Hartford offers discounts for driver training, anti-theft, good student, defensive driver, and bundle.
- Mercury Insurance includes discounts for anti-theft, location of vehicle, good student, multi-policy, good driver, multi-car, and type of vehicle.
- GEICO may include discounts for military active duty, emergency military deployment, daytime running lights, federal employee, and anti-lock brakes.
- AAA discounts include good driver, multi-car, anti-theft, good student, pay-in-full, and education and occupation.
- State Farm may offer discounts for driver’s education, multiple autos, safe vehicle, defensive driving training, and multiple policy.
When getting free Scottsdale auto insurance quotes, it’s a good idea to all companies you are considering which discounts they offer. A few discounts might not be offered on policies everywhere. To find insurance companies with discount rates in Arizona, follow this link.
Car insurance companies ranked
Picking the best car insurance provider can be a challenge considering how many companies there are to choose from in Arizona. The information shown next can help you analyze which car insurance companies you want to consider shopping your coverage with.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
Persistence pays off
As you shop your coverage around, you should never sacrifice coverage to reduce premiums. There have been many situations where drivers have reduced physical damage coverage only to regret that the small savings ended up costing them much more. Your focus should be to find the BEST coverage for the lowest cost, but do not sacrifice coverage to save money.
Lower-priced car insurance in Scottsdale can be found online in addition to local insurance agencies, so you should be comparing quotes from both in order to have the best price selection to choose from. Some car insurance companies may not have rates over the internet and these smaller providers prefer to sell through independent insurance agents.
We’ve covered a lot of ways to find cheap Toyota Camry insurance in Scottsdale. The most important thing to understand is the more times you quote, the better your comparison will be. You may even discover the lowest rates come from an unexpected company.
For more information, link through to these articles:
- What if I Can’t Find Coverage? (Insurance Information Institute)
- What Insurance is Cheapest for 4×4 Vehicles in Scottsdale? (FAQ)
- Who Has the Cheapest Car Insurance for Ride Shares in Scottsdale? (FAQ)
- Who Has the Cheapest Scottsdale Auto Insurance Rates for Drivers with Good Credit? (FAQ)
- Bodily Injury Coverage (Liberty Mutual)
- Older Driver Statistics (Insurance Information Institute)
- Credit Impacts Car Insurance Rates (State Farm)
- Side Impact Crash Tests (iihs.org)