Who Has the Cheapest Plano Auto Insurance for a Toyota Camry?

See How Much You Can Save

Toyota Camry insurance
Toyota Camry insurance image courtesy of QuoteInspector.com

Buying cheaper insurance for a Toyota Camry relies on a very complex rating algorithm that uses multiple factors such as the mileage of your daily commute, if you have a tendency to file claims, and violations on your driving record. Texas drivers pay on average $1,225 each year to insure their Camry, but that figure is based on a 30-year-old married female driver with full coverage and $100 deductibles.

It's more than likely you may not be 30 years old (or even female), possibly single instead of married, and you need different coverage limits than the sample rates. Having what appears to be a very minor change in rating variables or coverage information can result in a massive change in the cost of insurance for a Toyota Camry.

There is no perfect policy for every driver, so the best method for finding affordable rates for your Toyota is to do your own rate comparisons.

View Toyota Camry Insurance Rates

The specific model of Camry will most likely have an effect on the annual cost of coverage, so the cost to insure a Camry LE will be $214 lower than the price to insure the more well-appointed Camry Hybrid version, as shown in the prices below.

Toyota Camry Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $318 $580 $388 $24 $116 $1,426 $119
Camry SE $318 $684 $388 $24 $116 $1,530 $128
Camry XLE $318 $684 $388 $24 $116 $1,530 $128
Camry Hybrid $358 $684 $440 $26 $132 $1,640 $137
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Data variables include married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rates do not factor in vehicle location which can decrease or increase premium rates significantly.

Determining which companies quote the lowest-priced car insurance rates for a Toyota Camry takes a little more sweat than just quoting one company's rates. Each auto insurer has their own formula for setting rates, so we'll go over the most affordable car insurance companies in Plano, TX.

It's important to understand that Plano car insurance rates are influenced by many factors which can substantially change the cost of having a policy. Improving your credit rating, buying another vehicle, or getting a ticket for running a stop sign may prompt premium changes that can now make some companies much cheaper than others.

Best Cheap Insurance Rates for Your Camry

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Rankings for the cheapest Texas auto insurance companies
Rank Company Cost Per Year
1 Travelers $1,041
2 USAA $1,084
3 Texas Farm Bureau $1,211
4 Germania Mutual $1,294
5 Esurance $1,421
6 California Casualty $1,438
7 Mercury $1,461
8 State Farm $1,465
9 Safe Auto $1,565
10 Nationwide $1,600
11 Progressive $1,664
12 Amica $1,705
13 Allstate $1,718
14 Home State $2,134
15 GEICO $2,156
16 MetLife $2,183
17 Unitrin $2,264
18 Encompass $2,301
19 21st Century $2,421
20 Titan $2,568
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Travelers quotes some of the best car insurance rates in Plano at around $1,041 each year. This is $863 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance also qualify as some of the best Plano, TX car insurance companies.

As illustrated above, if you are a policyholder with Germania Mutual and switched to USAA, you may see savings of about $210. Drivers with Esurance could save as much as $337 a year, and California Casualty insureds might lower prices by up to $354 a year.

To see how much you can save, click here to start a quote or click several companies below for low rates.

Understand that those premiums are averaged across all types of insureds and vehicles and do not factor in a specific vehicle garaging location for a Toyota Camry. So the car insurance company that can offer you the best rate may not even be in the top 23 companies in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.

Driving violations and accidents

One of the best ways to score the most affordable car insurance rates in Texas for a Camry is to be a good driver and avoid traffic citations and accidents. The diagram below illustrates how violations and at-fault claims increase annual premium costs for different age groups. The premiums assume a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

In the prior example, the average cost of auto insurance per year with no violations or accidents is $1,730. Add in two speeding tickets and the average cost rises to $2,460, an increase of $730 each year. Now get two accidents along with the two speeding tickets and the annual cost of car insurance for a Toyota Camry increases to an average of $5,244. That's an increase of $3,514, or $293 per month, just for not driving attentively!

Low rates can quickly become overpriced

Texas car insurance rates are impacted by many factors which can substantially decrease or increase the price you have to pay for coverage. Improving your credit rating, increasing liability limits, or getting a ticket for running a stop sign can trigger rate changes resulting in some rates now being more affordable than before.

Not only that, but insurers amend pricing multiple times each year to help ensure profitability. An extended period of higher than normal claims may cause higher rates, while lower claim levels may produce lower-priced Camry insurance rates.

To illustrate this example, the data below shows the companies that have the cheapest car insurance in Plano, TX for a 40-year-old male driver with no prior claims, no tickets, and good credit. If we estimate prices based on his current situation, Travelers may offer the most affordable car insurance rates in Plano at $1,114 annually. This is $790 less than the average premium paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are the remainder of the top five cheapest Plano, TX auto insurance companies.

Now we will pretend the driver from above an accident claim, bad credit, and a speeding citation. Since each company has their own formula to set their prices, comparing rates may now present a different list of affordable companies as shown below.

State Farm now has the best price in Plano with Mercury, USAA, Nationwide, and Safe Auto also being competitive. This shows why it is critical to perform a complete rate comparison to get cheap auto insurance rates for a Toyota Camry. Insurance prices can be altered by many risk factors and change frequently, so the most affordable company two years ago may now cost much more than other companies.