Finding cheap car insurance for a Toyota Camry in Indiana is dependent upon a complicated formula that considers factors such as how far you drive to work, if you have a tendency to file claims, and physical damage deductibles. Drivers pay approximately $779 a year to insure their Camry, but that amount is a valuation calculated based on a 50-year-old married female driver with full coverage and $100 deductibles.
It’s more than likely you may not be 50 years old (or even female), maybe you are single instead of married, or maybe your Camry is old enough that it doesn’t require full coverage. There is no one cookie-cutter policy that works for everyone, so the only real way to find affordable rates for your Toyota is to put in the effort to do a thorough rate comparison.
Vehicle trim level can impact the cost of coverage, so the cost to insure a Camry LE model will be $134 less than the price to insure the high end Camry Hybrid version, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $186 | $362 | $264 | $16 | $80 | $908 | $76 |
| Camry SE | $186 | $426 | $264 | $16 | $80 | $972 | $81 |
| Camry XLE | $186 | $426 | $264 | $16 | $80 | $972 | $81 |
| Camry Hybrid | $210 | $426 | $298 | $18 | $90 | $1,042 | $87 |
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Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in your specific Indianapolis location which can lower or raise premiums greatly.
How to find a good Indiana car insurance company
Selecting a highly-rated auto insurance provider is difficult considering how many companies sell insurance in Indiana. The information shown below could help you choose which auto insurers you want to consider when trying find the best insurance for a Toyota Camry. The ratings below are for the companies with a significant amount of written premium nationwide, so companies that have a smaller presence are not taken into consideration for the list.
Top 10 Large Auto Insurance Providers Overall in Indianapolis
- USAA
- 21st Century
- GEICO
- Nationwide
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- Travelers
- American Family
Get discount Indianapolis auto insurance rates
Insurers that provide policies for a Toyota Camry may have price discounts that could lower prices by as much as 25% or more if you are eligible for them. Larger car insurance companies and some of their more popular discounts can be found below.
- Farm Bureau offers premium reductions for renewal discount, good student, multi-policy, multi-vehicle, and safe driver.
- MetLife may offer discounts for accident-free, multi-policy, good driver, defensive driver, claim-free, and good student.
- Progressive has discounts for multi-vehicle, good student, homeowner, multi-policy, online signing, and online quote discount.
- AAA includes discounts for pay-in-full, multi-car, AAA membership discount, multi-policy, good student, education and occupation, and good driver.
- American Family discounts include multi-vehicle, TimeAway discount, good driver, defensive driver, and air bags.
- GEICO may have discounts that include five-year accident-free, emergency military deployment, military active duty, air bags, federal employee, and driver training.
- State Farm may include discounts for multiple policy, multiple autos, Drive Safe & Save, good driver, and safe vehicle.
The information below visualizes the comparison of insurance prices with and without discounts. The prices are based on a male driver, no claims, a clean driving record, Indiana state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with claim-free, vehicle safety, homeowner, multiple policy, marriage, and anti-theft discounts applied. In this example, theamount saved on car insurance for a Toyota Camry is 28% or $410.
Chances are good that you’re overpaying for Camry insurance
Indianapolis car insurance rates are impacted by many things that may substantially change your annual premium. Simply having another birthday, buying a home, or getting a ticket for running a stop sign may prompt premium changes that may make certain companies affordable when they were higher priced.
In addition to those changes, insurance companies change prices every year or even multiple times each year to adjust for heavy claims or excess profits. A period of increased losses may result in higher rates, while profitable underwriting can result in lower-cost Camry insurance rates.
To illustrate this point, the bar chart below shows which companies have the cheapest car insurance in Indianapolis, IN for a 40-year-old female driver with no violations or accidents, and a good credit history. If we estimate prices based on her current rating profile, Travelers has the best car insurance rates in Indianapolis at $710 per year. This is $530 less than the average rate paid by Indiana drivers of $1,240. Cincinnati Insurance, USAA, Erie, and Indiana Farmers Mutual are the remainder of the cheapest Indianapolis, IN auto insurance companies.
In this next rate comparison, we will give the driver in the first example a claim, less-than-perfect credit, and a traffic ticket or two. Since each insurance company has a proprietary method to determine rates, comparing prices could now result in a substantially altered list of affordable Indianapolis car insurance companies as shown below.
Western Reserve now has the lowest car insurance rate in Indianapolis, IN with Cincinnati Insurance, Auto-Owners, USAA, and Nationwide also being competitive. This shows why it is important to compare rates to find the most economical car insurance quotes for a Toyota Camry.
Prices are determined by many things and can change without notice, so the cheapest option when you bought your policy may now be an over-priced policy.