Save Money on Toyota Camry Insurance in Omaha

Discount Toyota Camry insuranceNo normal person anticipates paying for car insurance, particularly when they are paying too much.

It’s safe to assume that insurance companies don’t want you to look at other companies. Insureds who compare other rates are very likely to buy a new policy because they stand a good chance of finding a lower-priced company. A study showed that consumers who shopped around every year saved $3,450 over four years compared to those who don’t regularly compare prices.

If finding the best price on Toyota Camry insurance in Omaha is the reason you’re here, then learning a little about how to get free comparison quotes and analyze auto insurance can help make the process easier.

Due to the large number of companies and agents to choose from, it can be hard to choose the most affordable car insurance provider.

Smart consumers take time to compare prices as often as possible because rates are constantly changing. Despite the fact that you may have had the lowest rate on Toyota Camry insurance in Omaha a year ago you will most likely find a better price today. Block out anything you think you know about car insurance because we’re going to demonstrate how to use the internet to reduce your cost while improving coverage.

The method we recommend to compare policy rates for Toyota Camry insurance in Omaha is to know the fact almost all companies allow for online access to provide you with free rate quotes. All you need to do is provide a little information including how much you drive, marital status, the make and model of your vehicles, and driver details. Your insurance information gets sent immediately to multiple different insurance companies and you will get price comparisons instantly.

To check Toyota Camry insurance prices now, click here and find out if you can get cheaper insurance in Omaha.

The companies shown below offer free quotes in Omaha, NE. If you want cheap auto insurance in Omaha, we suggest you compare several of them in order to get a fair rate comparison.

Analysis of coverages

The premium information shown below covers estimates of insurance prices for Toyota Camry models. Understanding how policy rates are calculated is important for making smart choices when purchasing an insurance policy.

Toyota Camry Insurance Rates in Omaha, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $188 $314 $300 $18 $90 $910 $76
Camry SE $188 $370 $300 $18 $90 $966 $81
Camry XLE $188 $370 $300 $18 $90 $966 $81
Camry Hybrid $212 $370 $338 $20 $102 $1,042 $87
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Nebraska minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in specific location which can lower or raise premium rates significantly.

Physical damage deductibles

A question often asked by Omaha drivers is how high should the deductibles for physical damage be. The rates shown below may help you to understand the rate difference between high and low physical damage coverage deductibles. The first rate quote example uses a $250 deductible for physical damage and the second pricing table uses a $1,000 deductible.

Toyota Camry insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $232 $390 $300 $18 $90 $1,055 $88
Camry SE $232 $460 $300 $18 $90 $1,125 $94
Camry XLE $232 $460 $300 $18 $90 $1,125 $94
Camry Hybrid $262 $460 $338 $20 $102 $1,207 $101
Get Your Own Custom Quote Go

Toyota Camry insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $144 $246 $300 $18 $90 $798 $67
Camry SE $144 $290 $300 $18 $90 $842 $70
Camry XLE $144 $290 $300 $18 $90 $842 $70
Camry Hybrid $162 $290 $338 $20 $102 $912 $76
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rates do not factor in specific location information which can affect prices significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $23 more each month or $276 a year than choosing the higher $1,000 deductible. Since you would have to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 33 months between claim filings, you would probably save some money by going with a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $250 deductibles: $94
Average monthly premium for $1,000 deductibles (subtract): – $71
Monthly savings from raising deductible: $23
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

The example below shows how different deductible levels and can increase or decrease Toyota Camry insurance premiums for different age groups of insureds. The costs are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.

Toyota Camry liability-only versus full coverage

The illustration below illustrates the comparison of Toyota Camry auto insurance costs when comparing full coverage to liability only. The information is based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Are you wasting money paying for full coverage?

There is no set rule of when to phase out physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Toyota Camry replacement cost is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $4,000 after paying your deductible. If you are currently paying more than $400 annually for your policy with full coverage, then you might want to consider buying only liability coverage.

There are a few situations where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

Protect your Camry and other assets

Despite the fact that auto insurance is not cheap in Omaha, insuring your vehicle serves a purpose in several ways.

The benefits of insuring your car are definitely more than the cost, particularly for liability claims. The average driver in America overpays more than $830 a year so you should quote and compare rates at every renewal to ensure rates are competitive.

Four factors that determine insurance prices

A large part of saving on car insurance is knowing the rating factors that aid in calculating your premiums. If you understand what controls the rates you pay, this helps enable you to make changes that could help you find lower rates. Many things are taken into consideration when pricing auto insurance. Most are fairly basic like an MVR report, although some other factors are more transparent like where you live and annual miles driven.

Only buy what you need – There are a ton of extra coverages that can add up but may not be useful. Coverages for rental car coverage, accidental death, and Farm Bureau memberships are examples of these. The coverages may be enticing when deciding what coverages you need, but if they’re wasting money remove them and pocket the money.

Big cities mean more claims – Residing in areas with lower population can be a good thing if you are looking for the lowest rates. Lower population means less chance of accidents and lower theft and vandalism rates. Urban drivers regularly have much more traffic and higher rates of accident claims. More time commuting can result in more accidents.

Type of car, truck or SUV determines base prices – The type of car you need to insure makes a substantial difference in your car insurance bill. Low performance passenger vehicles generally receive the lowest base rates, but your final cost has many other factors.

The following chart assumes a single female driver age 50, full coverage with $100 deductibles, and no discounts or violations. It shows Toyota Camry policy rates compared to other models of vehicles that have different performance rating factors.

Gender and car insurance costs – Statistics have proven that women are safer drivers than men. It does not mean males are worse at driving than females. Both sexes are in at-fault accidents in similar percentages, but guys cause more damage. They also receive more costly citations like DWI (DUI) or reckless driving. Young men ages 16 to 20 have the highest risk to insure and thus pay the highest rates.

The example below shows the comparison of Toyota Camry annual premium costs for male and female drivers. The premiums assume no accidents or driving violations, full physical damage coverage, $1,000 deductibles, single marital status, and no policy discounts are applied.

Toyota Camry insurance loss data – Companies study historical loss data as a tool for profitable underwriting. Models that historically have a higher amount or frequency of claims will have higher rates.

The information below illustrates the insurance loss data for Toyota Camry vehicles. For each type of coverage, the claim probability for all vehicles, regardless of make, model or trim level, is set at 100. Percentage numbers below 100 indicate a favorable loss history, while values that are above 100 indicate more frequent losses or statistically larger losses.

Toyota Camry Insurance Loss Statistics
Specific Toyota Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Toyota Camry 110 94 102 148 145 107
Toyota Camry Hybrid 124 100 110 118 127 96

Statistics from for 2013-2015 Model Years

How to find a good Nebraska car insurance company

Ending up with the highest-rated auto insurance company can be difficult considering how many different companies sell coverage in Omaha. The ranking information shown below may help you analyze which car insurance companies to look at purchasing coverage from.

Top 10 Omaha Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. AAA Insurance
  7. GEICO
  8. Safeco Insurance
  9. Mercury Insurance
  10. Esurance

Top 10 Omaha Car Insurance Companies Ranked by Customer Service

  1. Mercury Insurance
  2. Nationwide
  3. State Farm
  4. Safeco Insurance
  5. American Family
  6. Titan Insurance
  7. Travelers
  8. Liberty Mutual
  9. GEICO
  10. Allstate

Don’t give up on cheap rates

The cheapest Toyota Camry insurance in Omaha can be sourced from both online companies as well as from insurance agents, so you need to shop Omaha auto insurance with both in order to have the best price selection to choose from. There are still a few companies who may not offer online quoting and these small insurance companies prefer to sell through independent agents.

When buying insurance coverage, it’s a bad idea to buy poor coverage just to save money. There are too many instances where an insured dropped comprehensive coverage or liability limits and learned later they didn’t have enough coverage. Your objective should be to purchase plenty of coverage at the best price and still be able to protect your assets.

Steps to finding cheaper rates for Toyota Camry insurance in Omaha

Truthfully, the best way to get cheaper auto insurance rates is to do a yearly price comparison from insurance carriers who sell insurance in Omaha.

  1. Take a few minutes and learn about policy coverages and the things you can change to prevent expensive coverage. Many rating factors that increase rates such as traffic citations and an imperfect credit rating can be remedied by making lifestyle changes or driving safer.
  2. Request price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes from multiple insurance companies.
  3. Compare the new rates to your current policy to see if switching to a new carrier will save money. If you find better rates, ensure coverage does not lapse between policies.
  4. Tell your current company of your intent to cancel your existing policy. Submit the signed application along with the required initial payment to the new company. Immediately safely store the certificate verifying proof of insurance with the vehicle registration.

A good tip to remember is to try to use identical deductibles and limits on every price quote and and to get price estimates from every insurance company. This enables a fair rate comparison and maximum price selection.

Additional auto insurance information can be read at these links: