The best way we recommend to find affordable quotes for car insurance rates is to make a habit of regularly comparing prices from insurance carriers who provide auto insurance in Plano. You can compare prices by completing these steps.
Step 1: Try to learn about what is in your policy and the steps you can take to lower rates. Many rating factors that cause rate increases such as careless driving and a substandard credit score can be rectified by making minor driving habit or lifestyle changes.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive or Allstate, while agents who are independent can quote prices for many different companies. Get quotes now
Step 3: Compare the quotes to your existing policy and see if you can save money. If you find a lower rate quote and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Give notification to your current company to cancel the current policy and submit the required down payment along with the signed application to your new carrier. Immediately keep your new proof of insurance paperwork with the vehicle registration.
The most important part of this process is to make sure you enter identical coverages on each quote and and to get rate quotes from as many different companies as possible. This guarantees the most accurate price comparison and maximum price selection.
It’s an obvious assumption that car insurance companies don’t want you quoting rates from other companies. People who shop around for cheaper rates are likely to switch car insurance companies because there is a great chance of finding a more affordable policy premium. A recent survey discovered that drivers who shopped around annually saved about $850 each year compared to other drivers who never shopped around.
If finding the most affordable Toyota Camry Hybrid insurance is the reason you’re here, then having an understanding of how to choose a company and compare insurance coverage can save time, money, and frustration.
Finding a better price on auto insurance is a fairly straight forward process. You just have to spend a little time comparing free Plano car insurance quotes from some recommended companies.
Doing price comparisons online is so simple that it makes it a waste of time to make phone calls or go to local Plano insurance agencies. The internet has made agencies unnecessary unless your situation requires the trained guidance of an agent trained in personal lines coverage. It is possible with some companies comparison shop online but have your policy serviced through an agent.
The companies shown below offer price comparisons in Texas. In order to find the cheapest car insurance in Plano, TX, we suggest you compare several of them to get a more complete price comparison.
Analysis of Toyota Camry Hybrid rates
The table below covers a range of insurance policy prices for Toyota Camry Hybrid models. Having a better understanding of how auto insurance premiums are calculated is important to be able to make decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $358 | $684 | $440 | $26 | $132 | $1,640 | $137 |
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Table data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in vehicle location which can revise premiums considerably.
Policy deductible comparison
When buying insurance, a common question is which deductibles should you choose. The data tables below outline the price difference when you select higher and lower deductibles. The first rate estimation uses a $250 deductible for physical damage and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $332 | $584 | $430 | $26 | $128 | $1,525 | $127 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $206 | $368 | $430 | $26 | $128 | $1,158 | $97 |
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Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price estimates do not factor in specific Plano garaging location which can lower or raise premiums substantially.
Based on the figures above, using a $250 deductible will cost you approximately $30 more each month or $360 each year than buying the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you have more than 25 months between claims, you would probably save some money if you elect the higher deductible.
The information below demonstrates how choosing different deductibles and can change Toyota Camry Hybrid insurance prices for different age categories. The data is based on a married male driver, full coverage, and no policy discounts are applied.
How careless driving impacts Plano insurance rates
The example below illustrates how violations and at-fault fender-benders increase Toyota Camry Hybrid premium costs for different insured age categories. The data is based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
Do you need full coverage?
The diagram below shows the difference between Toyota Camry Hybrid insurance costs with full coverage compared to only the Texas minimum liability coverage. The price estimates are based on no accidents, no driving violations, $1,000 deductibles, single marital status, and no policy discounts are applied.
When to buy liability coverage only
There is no exact formula of when to eliminate physical damage coverage, but there is a general convention. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let’s assume your Toyota Camry Hybrid claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after you pay the deductible. If premium cost is more than $700 annually to have full coverage, then you might consider buying liability only.
There are a few situations where removing full coverage is not recommended. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.
Three main reasons to buy auto insurance
Despite the potentially high cost of Toyota Camry Hybrid insurance, insurance is required by state law in Texas and it also provides benefits you may not be aware of.
- Most states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability in order to drive the car legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a loan, most banks will stipulate that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender will be forced to insure your Toyota for a much higher rate and require you to fork over for it.
- Insurance protects not only your car but also your financial assets. Insurance will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. As of last year, the average driver in Texas is overpaying over $820 a year so shop around at every policy renewal to ensure rates are inline.
Don’t assume everyone needs the same car insurance coverage
When it comes to buying the right insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is a little different and your car insurance should be unique as well.
These are some specific questions may help highlight if your insurance needs could use an agent’s help.
- Should I have a commercial auto policy?
- What is no-fault insurance?
- Is rental equipment covered for theft or damage?
- Are there any extra discounts I can get?
- Does my car insurance cover rental cars?
- Why am I required to buy liability insurance?
- Is coverage enough to protect my assets?
If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It is quick, free and may give you better protection.
Car insurance 101
Understanding the coverages of your car insurance policy aids in choosing the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverages offered by car insurance companies.
Comprehensive insurance
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things such as damage from getting keyed, fire damage and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Liability
Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 30/60/25 which stand for $30,000 bodily injury coverage, a total of $60,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things such as repair costs for stationary objects, repair bills for other people’s vehicles, court costs and emergency aid. How much coverage you buy is your choice, but consider buying as much as you can afford. Texas requires minimum liability limits of 30/60/25 but you should consider buying more liability than the minimum.
The next chart shows why buying the state minimum limits may not be adequate coverage.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance provide coverage for bills for things like hospital visits, pain medications and dental work. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Collision protection
Collision insurance will pay to fix damage to your Camry Hybrid resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like damaging your car on a curb, crashing into a building, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to bump up the deductible on your Camry Hybrid to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Toyota Camry Hybrid.
Since a lot of drivers carry very low liability coverage limits (30/60/25 in Texas), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Texas car insurance companies
Buying coverage from a highly-rated car insurance company can be rather challenging considering how many companies sell insurance in Plano. The ranking data shown next can help you choose which auto insurers to look at purchasing coverage from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Cheap car insurance premiums are possible
Discount Toyota Camry Hybrid insurance in Plano is attainable both online and also from your neighborhood Plano agents, so you need to shop Plano car insurance with both in order to have the best chance of saving money. There are still a few companies who may not offer internet price quotes and usually these regional carriers provide coverage only through independent insurance agencies.
We’ve covered a lot of ways to shop for Toyota Camry Hybrid insurance online. It’s most important to understand that the more companies you get rates for, the better chance you’ll have of finding cheaper Plano car insurance quotes. Consumers may even find the best price on car insurance is with an unexpected company. These companies can often insure niche markets at a lower cost than their larger competitors like GEICO and State Farm.
More tips and info about car insurance is located by following these links:
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- Who Has Affordable Auto Insurance for a Dodge Ram in Plano? (FAQ)
- Alcohol Impaired Driving FAQ (iihs.org)
- State Laws for Cellphones and Texting (iihs.org)
- Property Damage Coverage (Liberty Mutual)
- Drunk Driving Statistics (Insurance Information Institute)