Getting cheaper Tampa Toyota Camry Hybrid insurance quotes over the internet can be intimidating for vehicle owners not familiar with buying insurance over the internet. With so many insurance agents and insurers to choose from, how are vehicle owners expected to possibly compare the different rates to find cheaper insurance rates?
Sad but true, over 70% of drivers kept their policy with the same company for at least the last four years, and 38% of customers have never shopped around. With the average premium in Florida being $2,160, drivers could cut their rates by almost 55% a year by just comparing rate quotes, but they feel it’s too difficult to compare rate quotes.
You need to shop coverage around at least once a year since prices are usually higher with each renewal. Even if you got the best rates on Toyota Camry Hybrid insurance in Tampa at your last renewal you can probably find a lower rate today. Block out anything you think you know about insurance because we’re going to show you one of the quickest ways to reduce your cost while increasing coverage.
If you are already insured, you will definitely be able to get lower rates using the concepts covered in this article. Comparing rates for the most affordable policy in Tampa is not as confusing as people think. But Florida car owners do need to understand how big insurance companies market on the web.
The best way to compare insurance rates in your area is to know the fact most of the larger companies will pay a fee to quote your coverage. To start a quote, the only thing you need to do is give them rating details like an estimate of your credit level, what your job is, the type of vehicles you drive, and whether you are married. Your rating data is submitted instantly to many different companies and they provide comparison quotes with very little delay.
If you would like to start a quote now, click here and enter the information requested.
The companies shown below are our best choices to provide quotes in Florida. To buy the best car insurance in FL, we suggest you visit as many as you can in order to get a fair rate comparison.
Affordable Toyota Camry Hybrid insurance in Tampa
Some companies don’t list every discount available very well, so we break down a few of the more common as well as the least known credits that you can use to lower your rates.
- Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote Tampa car insurance with certain companies.
- Early Signing – Some companies provide a discount for switching to them prior to your current Camry Hybrid insurance policy expiration. You may see this discount when you get Tampa car insurance quotes online.
- Accident Free – Drivers with accident-free driving histories can save substantially when compared with bad drivers.
- ABS and Traction Control Discounts – Cars with anti-lock braking systems can reduce accidents and therefore earn up to a 10% discount.
- Seat Belt Discounts – Forcing all vehicle occupants to use their safety belts could save 15% off PIP or medical payments premium.
- Own a Home and Save – Owning your own home or condo can earn you a little savings since owning and maintaining a home requires a higher level of personal finance.
- Low Miles Discount – Fewer annual miles on your Toyota could be rewarded with lower prices on the low mileage vehicles.
- Auto/Home Discount – If you combine your homeowners and auto policies and insure them both with the same insurance company you could get a discount of up to 20% and get you the cheapest Toyota Camry Hybrid insurance in Tampa.
- Data Collection Discounts – Drivers who elect to allow driving data collection to spy on where and when they drive by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if their driving habits are good.
One thing to note about discounts is that most credits do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. Despite the appearance that you would end up receiving a 100% discount, you’re out of luck. But all discounts will reduce your premiums.
The example below shows the difference between Toyota Camry Hybrid premium costs with and without policy discounts. The information is based on a male driver, no violations or claims, Florida state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, safe-driver, claim-free, and marriage discounts applied.
Auto insurance companies that may include these benefits are:
Before purchasing a policy, check with each company what discounts are available to you. Depending on the company, some discounts may not be available in Tampa.
Insurance coverage details
The information displayed below highlights estimates of policy rates for Toyota Camry Hybrid models. Knowing how insurance prices are established helps drivers make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $450 | $940 | $636 | $38 | $190 | $2,254 | $188 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in your specific Tampa location which can decrease or increase coverage rates greatly.
Choosing deductibles
One frequently asked question is the level to set your comp and collision deductibles. The rates below lay out the price difference between low and high policy deductibles. The first set of prices uses a $100 deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $406 | $764 | $472 | $28 | $142 | $1,837 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $224 | $402 | $472 | $28 | $142 | $1,268 | $106 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Information does not factor in garaging location in Tampa which can modify auto insurance rates noticeably.
We can estimate from the data above that using a $100 deductible would cost the average driver about $47 more each month or $564 every year across all Toyota Camry Hybrid models than requesting the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally go more than 19 months between claims, you would come out ahead if you elect the higher deductible.
Accidents and violations increase rates
The example below illustrates how speeding tickets and accident claims drive up Toyota Camry Hybrid insurance costs for each age group. The price estimates are based on a single female driver, full coverage, $1,000 deductibles, and no discounts are taken into consideration.
Full coverage versus liability-only
The diagram below illustrates the comparison of Toyota Camry Hybrid insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no claims or driving violations, $250 deductibles, drivers are single, and no additional discounts are factored in.
When to drop full coverage
There is no exact formula of when to phase out full coverage on your policy, but there is a general convention. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s assume your Toyota Camry Hybrid replacement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $5,000 after paying your deductible. If it’s costing in excess of $500 annually to have full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where buying only liability insurance is not recommended. If you still owe money on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should not remove full coverage.
Compare rate quotes but buy from a local Tampa insurance agent
Many people just want to talk to a local agent. One of the great benefits of comparing rate quotes online is that drivers can save money and get cheap auto insurance rates and also buy local. Putting coverage with neighborhood agents is important particularly in Tampa.
After completing this form (opens in new window), your information is transmitted to agents in your area who will give you quotes to get your business. You never need to visit any agencies because quoted prices will be sent immediately to you. It’s the lowest rates and a licensed agent to talk to. In the event you want to get a rate quote from a specific auto insurance provider, you just need to search and find their rate quote page and fill out the quote form the provide.
When narrowing the list to find a good Tampa insurance agent, it’s important to understand the different types of agencies and how they are distinctly different. Tampa agents can be categorized as either independent (non-exclusive) or exclusive.
Independent Auto Insurance Agents (or Brokers)
These agents can quote rates with many companies so they can insure your vehicles through lots of different companies and get the cheapest rates. If you want to switch companies, the agent simply finds a different carrier and you can keep the same agent.
If you are comparing auto insurance prices, you definitely need to include price quotes from several independent agencies so that you have a good selection of quotes to compare. They often place coverage with mutual insurance companies which can be an advantage.
Below are independent insurance agencies in Tampa that may be able to give you pricing information.
- Florida Commercial Insurance
4915 W Cypress St – Tampa, FL 33607 – (813) 262-2303 – View Map - Phil Cole Whitco Insurance Agency
6601 Memorial Hwy #230 – Tampa, FL 33615 – (813) 884-7577 – View Map - Charlies Agents Insurance Agency
2701 N Himes Ave #201 – Tampa, FL 33607 – (813) 831-8363 – View Map
Exclusive Agents
Exclusive agents normally can only provide a single company’s rates and examples are State Farm, AAA, and Liberty Mutual. They are unable to shop your coverage around so always compare other rates. These agents are usually quite knowledgeable on their company’s products which helps them sell on service rather than price. Consumers sometimes choose to use an exclusive agent primarily because of the brand name and the convenience of having all coverages with one company.
Shown below is a short list of exclusive insurance agencies in Tampa that are able to give price quote information.
- Allstate Insurance: Paul H. Phaneuf
3641 W Kennedy Blvd F – Tampa, FL 33609 – (813) 353-0303 – View Map - Pam Williams – State Farm Insurance Agent
10005 Gallant Ln – Tampa, FL 33625 – (813) 963-3216 – View Map - Herma White – State Farm Insurance Agent
14940 N Florida Ave – Tampa, FL 33613 – (813) 961-6661 – View Map
Selecting an insurance agent should include more criteria than just a low price. Any agent in Tampa should be willing to answer these questions.
- By raising physical damage deductibles, how much would you save?
- What is the agency’s Better Business Bureau rating?
- What will you get paid if your car is a total loss? How is that amount determined?
- Is every driver in your family covered?
- In the event of vehicle damage, can you pick the collision repair facility?
Auto insurance is unique, just like you
When it comes to coverage, there is no one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs.
For instance, these questions could help you determine whether you will benefit from professional help.
- Can I drive in Mexico and have coverage?
- What is no-fault insurance?
- How can I get my company to pay me more for my totaled car?
- When would I need additional glass coverage?
- I have health insurance so do I need medical payments coverage?
- Is a fancy paint job covered?
- Where can I find DUI or SR-22 insurance?
- Which is better, split liability limits or combined limits?
- Can my teen drive my company car?
- Do I need motorclub coverage?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, complete this form.
Lower Your Tampa Insurance Prices
One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that go into determining your premiums. When you know what positively or negatively controls the rates you pay, this enables informed choices that may reward you with big savings.
How much liability – Your insurance policy’s liability coverage is the protection if ever a jury decides you are liable for personal injury or accident damage. This coverage provides legal defense which can be incredibly expensive. Liability insurance is pretty cheap compared to physical damage coverage, so do not skimp.
Only buy coverage you need – Insurance policies have a lot of extra add-on coverages that can add up if you aren’t careful. Add-on coverages like vanishing deductibles, death and dismemberment, and membership fees may be wasting your money. These may sound like a good investment at first, but your needs may have changed so remove them from your policy.
Bundle policies and save – The majority of insurers provide lower prices to insureds who have multiple policies with them. It’s known as a multi-policy discount. If you currently are using one company, it’s always a smart idea to compare Toyota Camry Hybrid rates in Tampa to help guarantee you have the best rates. Drivers may still save more without the discount by insuring with multiple companies.
Do you really need to file those policy claims? – Insurance companies in Florida give cheaper rates to drivers who do not file claims often. If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance is meant to be used in the event of the large, substantial claims.
Vehicles with better crash test results cost less to insure – Cars with five star safety ratings tend to have lower insurance rates. These vehicles have better occupant injury protection and better occupant protection means less claims paid and thus lower rates. If the Toyota Camry Hybrid scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
Urban residents pay more – Having an address in smaller towns and rural areas of the country may provide you with better prices when talking about insurance. Lower population means less chance of accidents and a lower car theft rate. Drivers who live in large Florida cities have to deal with more traffic problems and much longer commute distances. Spending more time driving means a statistically higher chance of an accident.
Where do you drive? – Driving a lot of miles in a year the higher your rate. Most insurance companies calculate prices based on their usage. Cars and trucks that have low annual miles receive lower rates than those that get driven frequently. It’s always a good idea to double check that your insurance policy correctly shows the proper vehicle usage, because improper ratings can cost you money. An improperly rated Camry Hybrid is just wasting money.
Insurance loss statistics a Toyota Camry Hybrid – Companies factor in historical loss data to calculate a rate that will offset any claims. Models that the data determines to have a trend towards higher claim severity or frequency will have a higher cost to insure.
The table shown below demonstrates the insurance loss data used by companies for Toyota Camry Hybrid vehicles. For each policy coverage, the claim amount for all vehicles, regardless of make or model, is considered to be 100. Values that are 100 or less indicate a favorable loss history, while percentage numbers above 100 point to more frequent losses or statistically larger claims.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota Camry Hybrid | 124 | 100 | 110 | 118 | 127 | 96 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Why do I need car insurance?
Despite the high cost, car insurance is required in Florida but it also protects you in many ways.
- Most states have minimum liability requirements which means you are required to carry specific limits of liability protection in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Camry Hybrid, almost all lenders will have a requirement that you have insurance to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank may buy a policy for your Toyota for a lot more money and force you to reimburse them the higher price.
- Car insurance protects not only your vehicle but also your assets. It also can pay for medical bills incurred in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if anyone sues you for causing an accident. If you have damage to your Toyota as the result of the weather or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of insuring your car greatly outweigh the cost, particularly when you have a large claim. An average driver in America is overpaying over $810 a year so you should quote and compare rates each time the policy renews to be sure current rates are still competitive.
The best insurance company isn’t always the cheapest
We just covered some good ideas how to lower your Toyota Camry Hybrid insurance car insurance rates in Tampa. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your premium rates. Consumers could even find that the lowest car insurance rates come from a lesser-known regional company.
When getting Tampa car insurance quotes online, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where someone dropped comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. Your goal should be to buy enough coverage at the best possible price, but don’t skip important coverages to save money.
Drivers who switch companies do it for many reasons like delays in paying claims, unfair underwriting practices, high prices and even poor customer service. It doesn’t matter what your reason, choosing a new company can be less work than you think.
How to find low-cost rates for Toyota Camry Hybrid insurance in Tampa
The best way to get discount Toyota Camry Hybrid insurance is to compare quotes annually from different companies in Tampa.
Step 1: Take a few minutes and learn about policy coverages and the changes you can make to drop your rates. Many factors that cause rate increases like distracted driving and a bad credit rating can be improved by improving your driving habits or financial responsibility.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can quote prices from multiple sources.
Step 3: Compare the price quotes to your current policy premium to see if a cheaper rate is available. If you can save money and change companies, ensure there is no coverage lapse between policies.
An important bit of advice to remember is that you’ll want to compare the same amount of coverage on each price quote and and to get rate quotes from all possible companies. This ensures the most accurate price comparison and a complete rate analysis.
For more information, feel free to visit the following helpful articles:
- Avoiding Deer Collisions (Insurance Information Institute)
- How Much is Auto Insurance for 4×4 Vehicles in Tampa? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Understanding Car Crashes Video (iihs.org)