Cheap Toyota Camry Insurance in Baltimore

To save the most money, the best way to get budget Toyota Camry insurance is to regularly compare price quotes from companies who provide car insurance in Baltimore.

First, spend a few minutes and learn about what is in your policy and the things you can control to drop your rates. Many things that result in higher prices like traffic citations, accidents, and a poor credit score can be eliminated by making lifestyle changes or driving safer. Later in this article we will cover ideas to get affordable coverage and earn a bigger discount.

Second, request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from multiple companies. Begin your rate comparison

Third, compare the price quotes to your existing coverage and determine if cheaper Camry coverage is available. If you find a lower rate and switch companies, make sure there is no coverage gap between policies.

The key thing to remember is to use the same amount of coverage on every quote and and to get price quotes from as many companies as feasibly possible. Doing this guarantees an accurate price comparison and maximum price selection.

We don’t have to point out that fact that car insurance companies want to keep you from comparing rates. People who compare other rates are likely to move their business because they stand a good chance of finding a policy with better rates. A recent study showed that consumers who compared price quotes annually saved on average $3,450 over four years compared to policyholders who never shopped around for lower prices.

If finding budget-friendly rates on Toyota Camry insurance in Baltimore is why you’re reading this, understanding how to choose a company and compare cheaper coverage can help simplify the task of finding more affordable coverage.

Affordable car insurance in Baltimore, MD

The following companies provide price comparisons in Baltimore, MD. To get the cheapest auto insurance in Baltimore, we recommend you click on several of them in order to get a fair rate comparison.

Car insurance analysis for a Toyota Camry

The table shown next outlines different coverage prices for Toyota Camry models. Learning a little about how auto insurance policy rates are figured helps drivers make decisions when choosing a new policy provider.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in zip code location which can modify auto insurance rates noticeably.

Policy deductible comparison

One common question asked by Baltimore drivers is which comprehensive and collision deductibles to buy. The premium rates below can help you visualize the rate difference when you choose different comp and collision deductibles. The first price estimate table uses a $100 deductible for comp and collision and the second price table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rates do not factor in zip code location which can impact price quotes considerably.

We can estimate from the data above that using a $100 deductible will cost you about $29 more each month or $348 every year than quoting 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 normally average at least 14 months between claims, you would probably save some money going with the higher deductible. The numbers below show an example of how you can decide this on your own policy.

An important thing to remember is that increasing deductibles to save money means you pay more out-of-pocket when you have a comprehensive or collision claim. You need to have some funds available in the event you have to pay the deductible for vehicle repair.

Full coverage or liability only

The chart below visualizes the comparison of Toyota Camry insurance premiums when comparing full coverage to state minimum liability only. The price estimates are based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.

When to drop comp and collision

There is no specific rule that works best for making the decision to drop full coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your Toyota Camry settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after you pay the deductible. If premiums are more than $300 a year for comprehensive and collision coverage, then it might be time to buy liability only.

There are some situations where buying only liability insurance is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.

Companies offer many discounts on Toyota Camry insurance in Baltimore

The price of auto insurance can be rather high, but companies offer discounts to cut the cost considerably. A few discounts will be applied when you get a quote, but a few must be inquired about prior to receiving the credit.

• Anti-lock Brakes – Cars, trucks, and SUVs that have anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
• Discounts for Federal Employees – Simply working for the federal government could qualify for a slight premium decrease but check with your company.
• No Claim Discounts – Baltimore drivers who stay claim-free get the best auto insurance rates as compared to drivers with a long claim history.
• Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts could save 15% off the medical payments premium.
• Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may qualify for discounts of 25 to 30%.
• Multiple Cars – Having multiple cars on a single policy qualifies for this discount.
• Distant College Student Discount – Children who live away from home to go to college and do not have a car may be insured at a cheaper rate.
• Online Discount – Certain auto insurance companies will give you a small discount just for signing your application on the web.
• Bundled Policy Discount – If you combine your auto and homeowners policies with the same insurance company you could save approximately 10% to 15%.
• Baltimore Homeowners Pay Less – Owning your own home or condo may trigger a policy discount on auto insurance due to the fact that maintaining a home is proof of financial responsibility.

Consumers should know that many deductions do not apply to the entire policy premium. Most only apply to individual premiums such as physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, you won’t be that lucky.

The information below compares Toyota Camry insurance costs with and without discounts applied. The prices are based on a male driver, a clean driving record, no claims, Maryland state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, marriage, multi-car, and multi-policy discounts applied.

Car insurance companies who might offer many of the previously listed discounts include:

• American Family
• State Farm
• 21st Century
• Travelers
• GEICO

When comparing rates, check with all companies you are considering which discounts you qualify for. Some discounts listed above might not be available to policyholders in Baltimore.

Comparing prices from local Baltimore car insurance agents

Certain consumers just prefer to have an agent’s advice and doing that can be a smart decision Most agents can point out coverage gaps and will help you if you have claims. One of the benefits of comparing rate quotes online is that you can find the best rates and still have an agent to talk to.

After completing this form (opens in new window), your coverage information is immediately sent to companies in Baltimore who will give you quotes for your coverage. It makes it easy because there is no need to do any legwork since price quotes are sent to you instantly. If for some reason you want to quote rates for a specific company, don’t hesitate to find their quoting web page and submit a quote form there.

Finding a good company should include more criteria than just a cheap price. The questions below may impact your decision as well.

• Will their companies depreciate repairs to your car based on the mileage?
• If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
• Will the agent or a CSR service your policy?
• Do they specialize in personal lines coverage in Baltimore?
• Is insurance their full-time profession?

If you prefer to buy auto insurance from a reliable insurance agency, it’s helpful to know the different types of agencies and how they can quote your rates. Auto insurance policy providers are categorized either independent agents or exclusive agents. Either can properly insure your vehicles, but it’s good to learn the difference in the companies they write for since it can affect the selection process.

Exclusive Insurance Agencies

Exclusive agencies can only provide one company’s prices and some examples include Farmers Insurance, American Family, State Farm and Allstate. They usually cannot give you multiple price quotes so they have no alternatives for high prices. They are highly trained on sales techniques which helps them sell insurance even at higher premiums.

The following is a short list of exclusive agencies in Baltimore willing to provide price quote information.

More insurance agents

Independent Agents (or Brokers)

These agents can sell policies from many different companies and that gives them the ability to insure with multiple insurance companies and find the cheapest rate. To move your coverage to a new company, the business is moved internally without you having to go to a different agency. When comparing rate quotes, you absolutely need to get quotes from several independent insurance agents so that you have a good selection of quotes to compare.

The following are independent agents in Baltimore that can give you price quote information.

More insurance agents

Upon getting acceptable answers to your questions and locked in a price quote, it’s possible that you found an auto insurance agent that will properly service your auto insurance policy. But keep in mind you can terminate your policy whenever you wish so never assume that you are permanently stuck with a specific company indefinitely.

A conclusion for your car insurance search

When trying to cut insurance costs, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where someone dropped liability limits or collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at the best price, not the least amount of coverage.

We covered some good ideas how to find lower-cost Toyota Camry insurance in Baltimore. It’s most important to understand that the more providers you compare, the better your comparison will be. Consumers could even find that the most savings is with the least-expected company. These companies may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.

To learn more, feel free to browse these articles:

• All About Airbag Safety (State Farm)
• Who Has Affordable Auto Insurance Rates for Drivers Over Age 50 in Baltimore? (FAQ)
• How Much are Baltimore Car Insurance Rates for Low Income Drivers? (FAQ)
• Who Has Affordable Baltimore Car Insurance Rates for Business Use? (FAQ)
• Who Has Cheap Baltimore Auto Insurance Quotes for Inexperienced Drivers? (FAQ)
• Winter Driving (Insurance Information Institute)
• Where can I buy Insurance? (Insurance Information Institute)
• Safety Features for Your New Car (State Farm)
• Car Insurance FAQ (Trusted Choice)