Cheap Quotes for Toyota Camry Insurance in Charlotte

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The recommended way to find cheaper prices for Toyota Camry insurance in Charlotte is to start comparing prices regularly from providers who sell insurance in North Carolina. Prices can be compared by following these steps.

  • Step 1: Take a few minutes and learn about how companies set rates and the steps you can take to keep rates in check. Many rating factors that drive up the price like tickets, at-fault accidents, and an imperfect credit rating can be eliminated by being financially responsible and driving safely.
  • Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agents can quote rates for a wide range of insurance providers. Start a quote
  • Step 3: Compare the quotes to your current policy and determine if there is any savings. If you find better rates, make sure the effective date of the new policy is the same as the expiration date of the old one.

A valuable tip to remember is to try to use identical deductibles and limits on every quote and and to look at as many carriers as you can. Doing this provides an apples-to-apples comparison and plenty of rates choose from.

Discount Toyota Camry insuranceSurprisingly, a recent survey revealed that a large majority of drivers renewed their policy with the same company for four years or more, and approximately 40% of consumers have never compared rates to find cheap insurance. Consumers in North Carolina could save themselves up to 10% a year just by comparing rates, but most just don't grasp how much savings they would realize if they changed companies.

Finding quotes for the cheapest policy in Charlotte is actually quite simple. If you have coverage now or are looking for a new policy, follow these tips to reduce premiums while maximizing coverage. Smart buyers just have to know how to shop on the web.

Auto insurance discounts help lower rates for Toyota Camry insurance in Charlotte

Auto insurance can be pricey, but discounts can save money and there are some available to help bring down the price. Some discounts will apply when you get a quote, but lesser-known reductions have to be asked for before you will receive the discount.Save money with discounts

  • Renewal Discounts - A few insurance companies offer discounts for signing up before your current expiration date. Ten percent is about the average savings.
  • Driver's Ed - Reduce the cost of insurance for teen drivers by having them successfully complete driver's ed class if it's offered in school.
  • Bundle and Save - If you combine your home and auto policies with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
  • Discounts for Seat Belt Usage - Drivers who always wear seat belts and also require passengers to buckle their seat belts can save up to 15% on the medical payments or PIP coverage costs.
  • College Student - Children who live away from home at college and don't have a car may be insured at a cheaper rate.
  • Theft Deterrent System - Cars equipped with anti-theft or alarm systems help deter theft so companies will give you a small discount.
  • Charlotte Homeowners Discount - Owning a house in Charlotte may trigger a policy discount on auto insurance since owning and maintaining a home requires personal responsibility.
  • Include Life Insurance and Save - Select companies reward you with lower rates if you buy auto and life insurance together.
  • Full Payment Discount - If you can afford to pay the entire bill rather than paying monthly you could save 5% or more.
  • Military Rewards - Being deployed in the military could be rewarded with lower auto insurance rates.

Discounts save money, but please remember that some credits don't apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, it doesn't quite work that way.

The diagram below shows the comparison of Toyota Camry insurance prices with and without discounts applied to the rates. The data assumes a female driver, no claims or violations, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, multi-car, safe-driver, homeowner, marriage, and claim-free discounts applied.

Companies and their possible discounts are shown below.

  • GEICO offers premium reductions for military active duty, defensive driver, five-year accident-free, membership and employees, and air bags.
  • Travelers may offer discounts for driver training, new car, good student, home ownership, save driver, student away at school, and early quote.
  • Nationwide has savings for anti-theft, easy pay, Farm Bureau membership, good student, multi-policy, family plan, and business or organization.
  • Farmers Insurance offers discounts for bundle discounts, distant student, mature driver, youthful driver, alternative fuel, and switch companies.
  • Esurance discounts include multi-policy, good driver, paid-in-full, online quote, and homeowner.
  • State Farm has discounts for student away at school, anti-theft, Steer Clear safe driver discount, Drive Safe & Save, and good student.
  • Progressive includes discounts for multi-vehicle, continuous coverage, multi-policy, good student, online signing, online quote discount, and homeowner.
  • Mercury Insurance may have discounts that include age of vehicle, multi-policy, professional/association, annual mileage, ease of repair, location of vehicle, and anti-theft.

Check with every insurance company which discounts you may be entitled to. Some credits may not apply to policies in your area. To locate providers who offer cheap Toyota Camry insurance quotes in Charlotte, click here to view.

The following companies can provide comparison quotes in Charlotte, NC. If your goal is to find the best auto insurance in Charlotte, we recommend you compare several of them to get the best price comparison.

Insurance coverage analysis

The premium information below covers different coverage costs for Toyota Camry models. Learning a little about how auto insurance premiums are calculated is important for making decisions when shopping your coverage around.

Toyota Camry Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $102 $200 $282 $16 $84 $684 $57
Camry SE $102 $236 $282 $16 $84 $720 $60
Camry XLE $102 $236 $282 $16 $84 $720 $60
Camry Hybrid $116 $236 $318 $18 $96 $784 $65
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Data based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rates do not factor in Charlotte location which can raise or lower prices greatly.

Policy deductibles

One frequently asked question is how high should the physical damage deductibles be. The data tables below may help you to understand the differences in price when you choose different insurance deductibles. The first price estimate table uses a $250 physical damage coverage deductible and the second set of rates uses a $500 deductible.

Toyota Camry insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $192 $324 $250 $14 $74 $879 $73
Camry SE $192 $382 $250 $14 $74 $937 $78
Camry XLE $192 $382 $250 $14 $74 $937 $78
Camry Hybrid $218 $382 $282 $16 $84 $1,007 $84
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Toyota Camry insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $156 $262 $250 $14 $74 $756 $63
Camry SE $156 $308 $250 $14 $74 $802 $67
Camry XLE $156 $308 $250 $14 $74 $802 $67
Camry Hybrid $176 $308 $282 $16 $84 $866 $72
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Premium amounts do not factor in specific location information which can decrease or increase coverage rates greatly.

Based on the data above, we can derive that using a $250 deductible costs roughly $11 more each month or $132 annually than quoting the higher $500 deductible. Because you would pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at least 23 months between claims, you would probably come out ahead if you choose the higher deductible.

How to determine if a higher deductible is a good idea

Average monthly premium for $250 deductibles: $78
Average monthly premium for $500 deductibles (subtract): - $67
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Should you buy full coverage?

The diagram below illustrates the comparison of Toyota Camry insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. Data assumes no accidents or driving violations, $1,000 deductibles, single marital status, and no other discounts are factored in.

When to switch to liability coverage only

There is no exact rule to exclude physical damage coverage on your policy, but there is a general convention. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let's pretend your Toyota Camry claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,000 after the policy deductible has been paid. If it's costing you more than $300 annually for physical damage coverage, then you might want to consider buying only liability coverage.

There are some situations where buying only liability insurance is not financially feasible. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Insurance agent or online?

A lot of people still like to visit with an insurance agent and often times that is recommended Good agents are trained to spot inefficiencies and help in the event of a claim. One of the great benefits of price shopping on the web is you may find lower rates and still have a local agent. And supporting local agencies is important especially in Charlotte.

After completing this short form, your insurance data is transmitted to local insurance agents in Charlotte who want to provide quotes for your insurance coverage. It simplifies rate comparisons since you won't have to contact an agency due to the fact that quote results will go to you directly. If you wish to get a rate quote from a specific company, you just need to find their quoting web page and complete a quote there.

Independent or Exclusive: It's your choice

If you want to use a reliable insurance agent, you should know the different types of agents and how they can quote your rates. Charlotte agents can be described as either independent agents or exclusive agents. Both types of agents can sell affordable auto insurance policies, but it's good to learn how they differ because it can factor into the type of agent you choose.

Independent Auto Insurance Agents (or Brokers)

These type of agents are not restricted to one company so they can quote policies with many different companies and find you cheaper rates. If your premiums go up, your agent can switch companies which makes it simple for you.

If you are trying to find cheaper rates, you will want to get several quotes from at least one independent agent to have the best price comparison.

Listed below is a short list of independent insurance agents in Charlotte who may provide free rate quotes.


3220 Wilkinson Boulevard Ste A3 - Charlotte, NC 28208 - (704) 394-7327 - View Map


2015 Ayrsley Town Blvd - Charlotte, NC 28273 - (704) 280-8585 - View Map


6401 Carmel Rd Ste 208 - Charlotte, NC 28226 - (704) 541-8660 - View Map

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Exclusive Insurance Agents

Exclusive agencies normally can only provide a single company's rates such as AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to provide prices from multiple companies so they have to upsell other benefits. These agents are usually well trained in insurance sales which can be an advantage.

Shown below is a short list of exclusive insurance agents in Charlotte that can give you comparison quotes.

Gary Kochman - State Farm Insurance Agent
9539 Idlewild Rd - Charlotte, NC 28227 - (704) 545-4422 - View Map


5342 Docia Crossing Rd a - Charlotte, NC 28269 - (704) 947-7233 - View Map


501 S Sharon Amity Rd #200 - Charlotte, NC 28211 - (704) 971-3030 - View Map

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Finding the right insurance agency needs to be determined by more than just a cheap price. These are some questions your agent should answer.

  • Which companies do they recommend if they are an independent agency?
  • Do they have designations such as AIC, CPCU, or CIC?
  • How many years have they been established?
  • What insurance companies do they work with in Charlotte?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • Does the agency provide any after hours assistance?
  • Does the agency have a positive business rating?
  • Is the agency involved in supporting local community causes?

Auto insurance savings summarized

As you prepare to switch companies, it's not a good idea to sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice full coverage to discover at claim time they didn't purchase enough coverage. The proper strategy is to purchase a proper amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.

A few companies don't offer online price quotes and most of the time these smaller providers sell through local independent agencies. More affordable auto insurance in Charlotte can be sourced on the web as well as from independent agents in Charlotte, so you should be comparing quotes from both in order to have the best price selection to choose from.

We just showed you many ways to find affordable Toyota Camry insurance in Charlotte. It's most important to understand that the more times you quote, the better your chances of lowering your premium rates. Consumers may even find the best price on auto insurance is with a lesser-known regional company. These companies can often provide lower premium rates in certain areas as compared to the big name companies such as State Farm and Allstate.

More detailed auto insurance information is located by following these links: