Find Affordable Toyota Camry Insurance in Colorado Springs

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Insurance rates Toyota Camry in Colorado SpringsWant to learn the secrets to finding low-cost Toyota Camry insurance in Colorado Springs? Did you fall for a flashy sales pitch and buy overpriced Toyota Camry insurance in Colorado Springs? Trust us when we tell you many Colorado Springs drivers feel the same as you.

It's well known that insurance companies don't want you to look at other companies. People who compare price quotes will, in all likelihood, switch companies because there are good odds of getting low-cost coverage. A recent survey revealed that people who routinely shopped for cheaper coverage saved approximately $70 a month as compared to drivers who didn't regularly shop around.

If finding the lowest price for auto insurance in Colorado Springs is your goal, then understanding how to compare insurance premiums can make shopping around easier.

How to find cheaper quotes for Toyota Camry insurance in Colorado Springs

It takes a little time, but the best way to find low-cost Toyota Camry insurance is to compare quotes annually from different companies who sell insurance in Colorado Springs. Rates can be compared by following these steps.

First, it will benefit you to learn about auto insurance and the changes you can make to prevent high rates. Many rating criteria that are responsible for high rates such as tickets, at-fault accidents, and a substandard credit history can be improved by making minor driving habit or lifestyle changes. Continue reading for ideas to find cheap rates and find discounts that you may qualify for.

Second, request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can provide price quotes from multiple sources.

Third, compare the price quotes to the premium of your current policy and determine if cheaper Camry coverage is available. If you find better rates and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Fourth, give proper notification to your current agent or company of your intention to cancel your current policy and submit the required down payment along with the signed application to your new agent or company. Don't forget to safely store the certificate of insurance in an easily accessible location in your vehicle.

A valuable tip to remember is to use identical deductibles and limits on each quote request and and to get quotes from as many different insurance providers as possible. Doing this guarantees an accurate price comparison and the best price selection.

Because you have many insurance companies to choose from that have lower-cost insurance for a Toyota Camry in Colorado Springs, it's difficult to locate a lower cost insurance company.

Locating the best rates in Colorado Springs can really be easy if you know what you're doing. If you have a current car insurance policy or are just looking to switch companies, you will benefit by learning to save money and possibly find even better coverage. Vehicle owners just have to learn the quickest method to compare rates on the web.

Toyota Camry insurance quotes comparison

The following companies have been selected to offer free quotes in Colorado Springs, CO. If you wish to find the cheapest auto insurance in CO, we recommend you visit two to three different companies to find the cheapest car insurance rates.

Protect more than your Toyota vehicle

Even though Colorado Springs Camry insurance rates can get expensive, insurance may be mandatory for several reasons.

  • The majority of states have minimum liability requirements which means the state requires specific minimum amounts of liability protection if you want to drive legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If your Camry has a lienholder, it's guaranteed your bank will make it a condition of the loan that you buy insurance to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank may insure your Toyota for a much higher rate and force you to pay much more than you were paying before.
  • Insurance protects both your assets and your car. It will also provide coverage for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will pay to restore your vehicle to like-new condition.

The benefits of insuring your Camry more than offset the price you pay, particularly for liability claims. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $825 a year so we recommend shopping around at least once a year to make sure the price is not too high.

Insurance coverage details

The premium table displayed next outlines different insurance costs for Toyota Camry models. Having a good understanding how premiums are calculated can be useful when making informed decisions when comparing rate quotes.

Toyota Camry Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $160 $326 $456 $28 $136 $1,106 $92
Camry SE $160 $384 $456 $28 $136 $1,164 $97
Camry XLE $160 $384 $456 $28 $136 $1,164 $97
Camry Hybrid $182 $384 $516 $30 $154 $1,266 $106
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Rates do not factor in garaging location in Colorado Springs which can lower or raise coverage prices considerably.

Deductible comparison

A question often asked by Colorado Springs drivers is where to set your physical damage deductibles. The following tables determine how much more rates are when you buy lower versus higher deductibles. The first set of prices uses a $100 deductible and the second rate table uses a $1,000 deductible.

Toyota Camry insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $302 $546 $352 $20 $106 $1,351 $113
Camry SE $302 $644 $352 $20 $106 $1,449 $121
Camry XLE $302 $644 $352 $20 $106 $1,449 $121
Camry Hybrid $342 $644 $396 $24 $118 $1,549 $129
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Toyota Camry insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $168 $288 $352 $20 $106 $934 $78
Camry SE $168 $340 $352 $20 $106 $986 $82
Camry XLE $168 $340 $352 $20 $106 $986 $82
Camry Hybrid $190 $340 $396 $24 $118 $1,068 $89
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in your specific Colorado Springs location which can lower or raise premium rates considerably.

Based on the above data, using a $100 deductible could cost the average driver approximately $38 more each month or $456 for a full year than opting for the higher $1,000 deductible. Since you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you go at a minimum 24 months between claim filings, you would probably be better off if you choose the higher deductible.

The chart below illustrates how choosing a deductible and can change Toyota Camry annual premium costs for each different age category. The premiums are based on a married female driver, comp and collision included, and no discounts are applied.

Cost of full coverage in Colorado Springs

The diagram below shows the difference between Toyota Camry auto insurance costs with full coverage compared to only the Colorado minimum liability coverage. The prices are based on no violations or accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no exact formula of when to eliminate comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.

For example, let's say your Toyota Camry settlement value is $7,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying your deductible. If premiums are more than $600 annually for full coverage, then it's probably a good time to buy liability coverage only.

There are a few situations where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

Do you qualify for discounts on Toyota Camry insurance in Colorado Springs?

Insuring your fleet can be pricey, but there's a good chance there are discounts that may help make it more affordable. A few discounts will automatically apply when you purchase, but once in a while a discount must be requested specifically before they will apply. If you do not double check each discount possible, you are throwing money away.Car insurance discounts

  • Multi-policy Discount - If you combine your homeowners and auto policies with the same company they may give you a discount of nearly 15% which can help you find cheap Camry insurance.
  • Save with More Vehicles Insured - Buying a policy with multiple cars or trucks with the same car insurance company could earn a price break for each car.
  • Student Discounts - Being a good student can get you a discount of up to 25%. Most companies allow this discount until age 25.
  • E-sign - A few car insurance companies will discount your bill up to fifty bucks just for signing your application on the internet.
  • Early Payment Discounts - If you can afford to pay the entire bill rather than spreading payments over time you could save 5% or more.

One thing to note about discounts is that some of the credits will not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, you won't be that lucky.

The diagram below illustrates the comparison of Toyota Camry insurance prices with and without discounts applied to the premium. The rates are based on a female driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, marriage, claim-free, multi-policy, and multi-car discounts applied.

A list of car insurance companies and some of the discounts are shown below.

  • GEICO may include discounts for good student, defensive driver, emergency military deployment, federal employee, and anti-lock brakes.
  • Mercury Insurance offers premium reductions for annual mileage, low natural disaster claims, good driver, location of vehicle, and good student.
  • Farmers Insurance has discounts for good student, multi-car, distant student, teen driver, and business and professional.
  • Auto-Owners Insurance may have discounts that include paperless, multiple vehicles, company car, mature driver, and anti-theft.
  • Liberty Mutual may offer discounts for exclusive group savings, good student, new graduate, safety features, multi-car, and preferred payment discount.
  • SAFECO offers discounts for anti-theft, safe driver, teen safety rewards, anti-lock brakes, and teen safe driver.
  • Progressive discounts include online quote discount, multi-vehicle, homeowner, continuous coverage, and good student.
  • USAA includes discounts for family discount, multi-policy, vehicle storage, defensive driver, good student, safe driver, and loyalty savings.

Before buying, ask each company or agent which discounts can lower your rates. Discounts may not apply to policies in your state.

When to get professional advice

When it comes to choosing your policy, there really isn't a best way to insure your cars. Your situation is unique and a cookie cutter policy won't apply.Higher deductibles save money Here are some questions about coverages that can aid in determining whether you would benefit from professional advice.

  • Should I drop comprehensive coverage on older vehicles?
  • Is my teenager covered with friends in the car?
  • Do I have coverage if my license is suspended?
  • Why do I only qualify for high-risk insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Where can I get insurance after a DUI in Colorado?
  • How does medical payments coverage work?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Will I lose any money if I cancel my policy before it expires?
  • Do I need PIP coverage since I have good health insurance?

If you're not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you don't have a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

How to find a good Colorado Springs auto insurance company

Buying coverage from a highly-rated car insurance provider is difficult considering how many different companies insure vehicles in Colorado Springs. The information below could help you pick which coverage providers you want to consider buying from.

Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. GEICO
  5. Liberty Mutual
  6. Progressive
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. Mercury Insurance

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+