Buying economical insurance for a Toyota Camry in Colorado relies on a complicated formula that considers factors such as how far you drive to work, your occupation, and blemishes on your driving record. Drivers pay around $795 per year for Camry insurance, but that is a projection using a 30-year-old married male driver with full comprehensive and collision coverage and $1,000 deductibles.
Odds are that you’re not a 30-year-old male, single instead of married, or maybe you want more liability coverage than is required by law in Colorado. Even a slight difference in rating variables may result in a big change in the price of coverage.
The different assumptions illustrate why the best way to find cheap car insurance rates for your Toyota is to compare rates from as many companies as possible. Price quotes are quick and you will receive price comparisons from the best companies available.
Find Cheaper Toyota Camry Insurance
The specific model of Camry impacts price, so the price you will be charged to insure a Camry LE will be $134 less than the insurance cost for the more costly Camry Hybrid trim level, as shown in the prices below.
| 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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Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in vehicle location which can lower or raise auto insurance rates significantly.
Deciphering which company has the most affordable car insurance rates for a Toyota Camry involves more work than just comparing rates from one or two companies. Every car insurance company uses a slightly different approach to set their prices, so let’s examine the most budget-friendly car insurance companies in Colorado Springs.
It’s important that readers know that Colorado Springs, CO car insurance rates are impacted by many things which can substantially decrease or increase your annual premium. Simply turning a year older, moving to a new city, or getting a ticket for careless driving may cause policy rate changes resulting in some companies being affordable when they were higher priced.
Find the Cheapest Auto Insurance for Your Camry
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $859 |
| 2 | Grange | $987 |
| 3 | USAA | $1,009 |
| 4 | GEICO | $1,152 |
| 5 | Nationwide | $1,155 |
| 6 | Auto-Owners | $1,204 |
| 7 | Travelers | $1,219 |
| 8 | State Farm | $1,222 |
| 9 | American Family | $1,301 |
| 10 | Amica | $1,340 |
| 11 | Progressive | $1,362 |
| 12 | Allied | $1,439 |
| 13 | California Casualty | $1,458 |
| 14 | Farmers | $1,613 |
| 15 | Colorado Farm Bureau | $1,624 |
| 16 | MetLife | $1,885 |
| 17 | Allstate | $2,055 |
| 18 | Encompass | $2,165 |
| 19 | Safeco | $2,547 |
| 20 | Titan | $2,657 |
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The Hartford quotes some of the cheapest car insurance rates in Colorado Springs at around $859 annually. This is $719 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide also qualify as some of the best Colorado Springs, CO auto insurance companies.
In the above example, if you currently have coverage with Grange and switched to The Hartford, you might realize a yearly savings of about $128. Colorado drivers with USAA could save as much as $150 a year, and GEICO insureds might realize rate reductions of up to $293 a year.
These premiums are averaged across all types of drivers and the different vehicles they drive and are not factoring in an exact vehicle garaging location for a Toyota Camry. So the auto insurance company that has the cheapest price for you may not even be in the top 21 companies in the list above. That illustrates why you need to get rate quotes using your own personalized driver profile and vehicle information.
The information below illustrates how your deductible choice can increase or decrease insurance premiums when getting quotes for cheap insurance for a Toyota Camry. The information is based on a married male driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 40-year-old driver could cut expenses by $292 a year by changing from a $100 deductible up to a $500 deductible, or save $444 by using a $1,000 deductible. Young drivers, like the Age 20 chart data, could potentially save up to $978 or even more just by using higher deductibles.
If you do make the decision to raise your deductibles, it is essential to have emergency funds available to satisfy the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Discount Colorado Springs insurance
Insurers that offer quotes for a Toyota Camry could also offer rate discounts that could potentially reduce rates by 35% or more if you can meet the requirements. The best car insurance companies and a summarized list of policyholder discounts are outlined below.
- State Farm has discounts for defensive driving training, Drive Safe & Save, anti-theft, Steer Clear safe driver discount, and accident-free.
- GEICO may offer discounts for anti-lock brakes, multi-policy, anti-theft, membership and employees, multi-vehicle, seat belt use, and defensive driver.
- Liberty Mutual may include discounts for new vehicle discount, hybrid vehicle, good student, multi-car, and safety features.
- The Hartford offers discounts including anti-theft, bundle, defensive driver, air bag, good student, and vehicle fuel type.
- MetLife policyholders can earn discounts including good student, good driver, claim-free, multi-policy, and defensive driver.
- Progressive discounts include online quote discount, online signing, continuous coverage, multi-vehicle, multi-policy, and homeowner.
The example below illustrates the comparison of auto insurance rates with and without discounts. The premiums assume a male driver, no claims or violations, Colorado state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with vehicle safety, safe-driver, claim-free, homeowner, anti-theft, and defensive driving course discounts applied. When taking advantage of discounts, theaverage amount saved on car insurance for a Toyota Camry is 28% or $487.
If you like to get some help when buying car insurance for a Camry, the agencies below can most likely provide answers to your questions and help you determine which coverages are best.
To locate a Colorado Springs insurance agent close to where you live, click the button at the bottom of the list or click here to compare price quotes now.
Roberto Martinez – State Farm Insurance Agent
1216 Academy Blvd N – Colorado Springs, CO 80909 – (719) 574-0210
Chris Sutherland – State Farm Insurance Agent
6130 Barnes Rd #104 – Colorado Springs, CO 80922 – (719) 598-8211
American Family Insurance – Dave Karstens Agency Inc.
3225 Templeton Gap Rd Ste 104 – Colorado Springs, CO 80907 – (719) 636-3336
Brandon Sullivan – State Farm Insurance Agent
5615 Constitution Ave – Colorado Springs, CO 80915 – (719) 597-5000
View more Colorado Springs, CO insurance agencies
How to find economical car insurance for a Toyota Camry
The list below summarizes some of the better money-saving solutions that can help you buy cheaper coverage.
- Try to not file small claims
- Bundle home and auto and save
- Tickets and violations raise rates
- Higher credit scores can equal lower rates
- Avoid preventable accidents
- Higher comprehensive and collision coverage deductibles will save money
- Shop around for cheaper prices often
That last piece of advice is certainly significant, as was discussed in this article. Prices charged by car insurance companies in Colorado Springs can be changed at any time, so don’t hesitate to change to a new company if a cheaper price is available. We understand brand loyalty, but is isn’t recommended if that inflexibility results in costing you a wad of cash every year. Now is a great time to compare rates to find cheaper car insurance for a Toyota Camry.