Finding cheap coverage for a Toyota Camry in Texas hinges on many rating criteria such as when you were born, whether or not you have filed claims in the past, and physical damage deductibles. Drivers in Texas pay on average $1,021 annually to insure their Camry, but that amount is a projection based upon a 40-year-old single female driver with full comprehensive and collision coverage and $1,000 deductibles.
There is a good probability you may not be 40 years old (or even female), possibly married instead of single, or maybe you just want different deductibles. This demonstrates why the best method for finding cheap insurance rates for your Toyota is to do your own rate comparisons. Price quotes are quick and you will receive rate quotes from the best auto insurance companies that insure Toyota vehicles in Texas.
The specific model of Camry will most likely have an effect on price, so the price you pay to insure a Camry LE model will be $176 cheaper than the insurance cost for the fancier Camry Hybrid version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Price information does not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates noticeably.
Insuring your vehicle with the top auto insurance provider can be rather challenging considering how many choices drivers have in San Antonio. The company ratings displayed below may help you choose which providers you want to consider when shopping your coverage around.
The ratings below include large, nationwide insurance companies, so smaller companies that only insure vehicles in Texas will not be included in this list. If you’d like to compare prices from these and other top-rated companies, click here.
Top 10 Major Auto Insurance Companies in San Antonio Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Top 10 Major Auto Insurance Companies in San Antonio Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Rate comparison of full coverage and liability-only
Lowering the price of insurance is probably important to the majority of people, and one of the best ways to find cheaper insurance for a Toyota Camry is to not buy comprehensive and collision coverage. The information below illustrates the comparison of car insurance costs when comparing full coverage to liability only. Data assumes no accidents, no driving violations, $500 deductibles, drivers are not married, and no other discounts are factored in.
As an average, comprehensive and collision coverage on your policy costs an extra $2,431 per year more than buying just liability insurance. A very common question is when is the right time to remove full coverage. There isn’t a written rule for phasing out physical damage coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your vehicle’s replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after paying the physical damage deductible. If premiums are more than $500 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are a few situations where only buying liability is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not buy liability only.
Why you should compare rates
San Antonio insurance rates are based on many factors that can increase the price you pay for coverage. Turning one year older, buying a different vehicle, or having a fender bender can produce rate changes that may make certain companies cheaper than competitors. Not only may your risk profile change, but insurers amend pricing multiple times each year in order to maintain liquidity for claims. Higher than normal claims may result in higher rates, while lower claims may produce cheaper Camry insurance rates.
To illustrate this point, the data below shows which company has the cheapest car insurance in San Antonio, TX for a 35-year-old female driver with no prior claims, no tickets, and good financial standing. Based on her personal risk profile, Travelers may offer the cheapest car insurance rates in San Antonio at $1,138 annually. This is $766 less than the average rate paid by Texas drivers of $1,904. USAA, Texas Farm Bureau, Germania Mutual, and Esurance are also on the list of the best San Antonio, TX auto insurance companies.
The example below compares rates after we give the driver from the first rate comparison an accident claim, a lower credit rating, and an imperfect driving record. Due to the fact that every auto insurer has their own guidelines to set policy rates, analyzing rate quotes will most likely result in a different set of companies as shown below.
State Farm now has the cheapest price in San Antonio, TX with Mercury, USAA, Nationwide, and Safe Auto now rounding out the top five. This example demonstrates why it is critical to compare many different companies when trying to find the most economical insurance rates for a Toyota Camry. Auto insurance prices are impacted by many risk factors and can increase or decrease at any time, so the best option six months ago may now be one of the higher cost companies.
How to find cheaper insurance for a Toyota Camry
The list below summarizes a few thrifty solutions that can help drivers get cheaper coverage.
- Buy vehicles with good safety ratings
- Do not pay for comprehensive and collision coverage on older vehicles
- Having at-fault accidents will increase rates
- Improve your credit rating
- Bundle car and home insurance and save money
- Shop around for cheaper rates regularly
That last piece of advice is incredibly crucial, as we noted in the prior article. Insurance rates change constantly, so drivers shouldn’t be resistant to buy from a new company if you find a cheaper price. Staying with the same car insurance company is fine, but it’s not a good idea if that inflexibility results in costing you a small fortune year after year. Spend a few minutes and shop around to find cheaper auto insurance for a Toyota Camry in San Antonio.
The auto insurance agents in San Antonio shown below are a good start to help you make a decision which insurance coverage you need, as some people prefer to have some advice when trying to find lower insurance rates for a Camry. It can be challenging to find the best coverage yourself, and getting advice from a licensed agent can provide satisfaction knowing your policy gives you sufficient protection if you have a claim. To locate an agency by location nearest to you, click the button at the bottom or click here to get price quotes now.
- A and A Insurance Agency
1317 Castroville Rd – San Antonio, TX 78237 – (210) 434-2311
- A.R.M. Insurance Agency
1534 W Contour Dr #101 – San Antonio, TX 78212 – (210) 828-7873
- Alex Post – State Farm Insurance Agent
2602 North Loop 1604 W #108 – San Antonio, TX 78248 – (210) 479-2539
- Mary Ellen Jablonski – State Farm Insurance Agent
2606 TPC Pkwy #107 – San Antonio, TX 78259 – (210) 829-1778
- GEICO Insurance Agent
8910 Bandera Rd #110 – San Antonio, TX 78250 – (210) 673-2391