Think you have high-priced Toyota Camry insurance in Norfolk? It's quite common and many Norfolk drivers have buyer's remorse.

Insurance rates Toyota Camry in NorfolkUnbelievably, most drivers have purchased from the same company for well over three years, and just under half have never shopped around. Many drivers in Virginia could save themselves approximately 45% a year by just shopping around, but they won't spend time to find cheap rates by getting comparison quotes. Companies like State Farm, GEICO and Farmers Insurance persitently shower you with advertising and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

It is always a good idea to check insurance prices on a regular basis because insurance prices are constantly changing. If you had the lowest price on Toyota Camry insurance in Norfolk a few years ago you may be paying too much now. Block out anything you think you know about insurance because we're going to demonstrate the easiest way to lower your rates without sacrificing coverage.

If you're already insured or just want cheaper coverage, use these tips to cut your premiums while maximizing coverage. Buying the cheapest car insurance in Norfolk can really be easy if you know what you're doing. Comparison shoppers just need to understand the quickest way to compare company rates using one simple form.

The majority of larger companies give coverage prices directly from their websites. Doing online quotes for Toyota Camry insurance in Norfolk is quite simple because you just enter your required coverages on the page. Upon sending the form, their rating system automatically retrieves your credit score and driving record and quotes a price based on many factors. Getting online price quotes for Toyota Camry insurance in Norfolk makes comparing rates easy, and it is imperative to have as many quotes as possible if you want to find a lower rate.

To use this form to compare rates, compare quotes from the companies shown below. To compare your current rates, we recommend you copy the limits and deductibles identical to your current policy. This helps ensure you will have a fair comparison based on identical coverages.

The auto insurance companies shown below can provide free rate quotes in Virginia. If multiple providers are shown, we suggest you visit several of them in order to find the cheapest rates.

Toyota Camry Insurance Costs in Norfolk, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $222 $400 $258 $16 $78 $974 $81
Camry SE $140 $328 $290 $18 $88 $864 $72
Camry XLE $140 $312 $270 $16 $80 $818 $68
Camry Hybrid $284 $472 $380 $22 $114 $1,272 $106
Get Your Own Custom Quote Go

Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Premium amounts do not factor in specific garaging location which can revise auto insurance rates greatly.

Male drivers compared to female drivers

The diagram below illustrates the difference between Toyota Camry auto insurance rates for male and female drivers. The information is based on no claims, a clean driving record, full physical damage coverage, $500 deductibles, single marital status, and no policy discounts are applied.

Difference between full coverage and liability only rates

The illustration below examines Toyota Camry yearly insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on a clean driving record, no at-fault accidents, $500 deductibles, single female driver, and no other discounts are factored in.

Should you buy full coverage or liability only?

There is no definitive guideline that is best for determining when to drop physical damage coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the vehicle's replacement cost less your deductible, then it might be time to consider dropping full coverage.

For example, let's say your Toyota Camry book value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $2,000 after paying your deductible. If premium cost is more than $200 annually to have full coverage, then you might want to consider buying only liability coverage.

There are a few situations where dropping physical damage coverage is not in your best interest. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if you don't have enough money to buy a different vehicle if your current one is damaged, you should keep full coverage in place.

Higher deductibles save money

One of the most common auto insurance questions is the level to set your comp and collision deductibles. The rates below may aid in understanding the differences in premium rates between high and low physical damage coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second set of prices uses a $1,000 deductible.

Toyota Camry insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $198 $336 $258 $16 $78 $911 $76
Camry SE $198 $394 $258 $16 $78 $969 $81
Camry XLE $198 $394 $258 $16 $78 $969 $81
Camry Hybrid $224 $394 $290 $18 $88 $1,039 $87
Get Your Own Custom Quote Go
Toyota Camry insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $122 $210 $258 $16 $78 $684 $57
Camry SE $122 $248 $258 $16 $78 $722 $60
Camry XLE $122 $248 $258 $16 $78 $722 $60
Camry Hybrid $138 $248 $290 $18 $88 $782 $65
Get Your Own Custom Quote Go

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Table data does not factor in the specific area where the vehicle is garaged which can modify price quotes substantially.

Based on the figures above, using a $250 deductible will cost you roughly $20 more each month or $240 annually than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at least 38 months between claims, you would probably save some money if you choose a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $81
Average monthly premium for $1,000 deductibles (subtract): - $61
Monthly savings from raising deductible: $20
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $20
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 38 months

One important note is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you have a comprehensive or collision claim. That will require some savings in the bank in the event you need to pay the deductible to have repairs made.

Protect more than your Toyota Camry

Despite the potentially high cost of Toyota Camry insurance, paying for auto insurance may be required for several reasons.

The benefits of insuring your car more than cancel out the cost, particularly for liability claims. Unknowingly, the average driver overpays more than $825 a year so compare rates every year to save money.

How Insurance Companies Calculate Toyota Camry Insurance Rates

Multiple criteria are considered when you quote your car insurance policy. A few of the factors are predictable like your driving record, but some are more transparent like your continuous coverage or your vehicle rating. Consumers need to have an understanding of the factors that help determine your policy premiums. When you understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find better insurance rates.

Companies offer money-saving discounts on Toyota Camry insurance in Norfolk

Auto insurance is easily one of your largest bills, but you can get discounts that you may not even know about. Many of these discounts will be applied automatically at quote time, but occasionally some discounts must be inquired about prior to getting the savings.Auto insurance discounts

As is typical with insurance, most credits do not apply to the entire cost. Most only apply to the cost of specific coverages such as liability and collision coverage. So even though they make it sound like you could get a free auto insurance policy, you won't be that lucky.

Some companies that may have these money-saving discounts may include but are not limited to:

If you want low cost Norfolk auto insurance quotes, ask each company which discounts you may be entitled to. Some of the discounts discussed earlier may not apply in Norfolk. To see a list of providers that offer many of these discounts in Virginia, click here.

Local insurance agents

A small number of people just prefer to get advice from a local agent and that is recommended in a lot of cases Professional insurance agents can help you choose the best coverages and give you someone to call. One of the great benefits of price shopping on the web is you can get cheap insurance rates and also buy local. Supporting neighborhood agents is especially important in Norfolk.

To find an agent, once you fill out this simple form, your coverage information is instantly submitted to participating agents in Norfolk who will return price quotes for your coverage. There is no reason to search for an agent since rate quotes are delivered to you directly. If you wish to compare rates from a particular provider, don't hesitate to go to their quote page and give them your coverage information.

Below are agents in Norfolk that can give you price quotes for Toyota Camry insurance in Norfolk.

2604 Cromwell Dr - Norfolk, VA 23509 - (757) 855-8888 - View Map

Larmore Insurance Inc
Norfolk, VA 23518 - Norfolk, VA 23518 - (757) 588-8159 - View Map

6350 Center Dr #228 - Norfolk, VA 23502 - (757) 965-7700 - View Map

Cycle Insurance
6955 Tidewater Dr - Norfolk, VA 23509 - (757) 857-0107 - View Map

View more agents

Choosing the best provider requires you to look at more than just a cheap quote. These are some valid questions you should ask.

Upon receiving reasonable responses to these questions and a good coverage price, chances are good that you have found an insurer that is a good match to properly insure your vehicles.

Find cheaper rates by being thorough

As you go through the steps to switch your coverage, it's a bad idea to buy less coverage just to save a little money. There have been many cases where an insured dropped liability coverage limits only to regret at claim time that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.

We've covered a lot of techniques to save on Toyota Camry insurance in Norfolk. The key thing to remember is the more rate quotes you have, the better likelihood of getting the cheapest Toyota Camry rate quotes. Consumers could even find that the lowest premium rates are with some of the smallest insurance companies. They may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.

Affordable Toyota Camry insurance in Norfolk is available both online and from local insurance agents, so you need to quote Norfolk auto insurance with both to have the best chance of lowering rates. Some companies don't offer internet price quotes and usually these small insurance companies only sell coverage through independent insurance agencies.

To learn more, feel free to browse the resources below: