Did you know that your Toyota Camry could save you $859 a year on insurance? New survey of 1,000 zipcodes found the average driver of a Toyota Camry or Ford Escape may save $859 a year by comparing insurance rates.
In total, there were 8 driving profiles used to confirm these results. Also, an average possible savings of 47% was found. Therefore, slashing your rate up to half is realistic, and not many drivers are trying to do this.
These savings are rarely taken advantage of… 70% of drivers haven’t switch insurance companies for at least 4 years (found by the same surveyor). Rates commonly change every 6 months or yearly for insured drivers. Not comparing rates may allow your insurance company to slowly increase your rates without you noticing.
Toyota Camry Insurance Cost
Because the Toyota Camry is the top selling car in the U.S., virtually every insurer will insure a Camry. And, this causes many insurers to provide extremely competitive rates.
According to Cars.com‘s estimates for the first year of ownership (this will vary by driving record, usage, and location):
- New 2016 Toyota Camry: $1,181
- 2015 Toyota Camry: $1,182
There are five models that will vary the average price slightly: Camry (base model), LE, SE, XLE, and Hybrid. Rates continue to go up typically for drivers so it’s best compare new rates yearly.
Safety Features Give the Camry Discounts
There are several safety features that the Toyota Camry has:
- Anti-locks brakes
- Stability control
- Front-impact, side impact, overhead, and knee airbags
- Security system designed to prevent theft
- Daytime running headlights (discount provide by 4 out of 10 major insurers)
Every insurer will not give discounts for each of these features. Compare rates to see if you’re getting the best rate.