Car Insurance Quotes for a Toyota Camry in Indianapolis

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Insurance for Toyota CamryThe easiest way to get discount car insurance rates is to compare prices regularly from insurance carriers in Indianapolis. Rates can be compared by following these steps.

  • Step 1: Take a few minutes and learn about policy coverages and the things you can change to keep rates in check. Many rating criteria that cause high rates such as traffic violations, accidents, and a poor credit score can be eliminated by making minor changes to your lifestyle. Read the full article for tips to keep prices down and find missing discounts.
  • Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and Allstate, while agents who are independent can provide prices for many different companies. Click to view companies
  • Step 3: Compare the quotes to your existing coverage to see if switching to a new carrier will save money. If you can save some money and change companies, ensure coverage does not lapse between policies.
  • Step 4: Notify your agent or company of your intention to cancel your existing policy and submit a completed application and payment for the new policy. As soon as you can, put the proof of insurance paperwork somewhere easily accessible.

A crucial key to this process is to use similar deductibles and liability limits on each quote request and and to get quotes from every insurance company. This provides a level playing field and a better comparison of the market.

It's an obvious statement that auto insurance companies don't want policyholders to compare prices from other companies. People who shop around once a year will presumably buy a different policy because there are good odds of finding a lower rate. A study discovered that people who compared price quotes annually saved over $865 annually compared to other drivers who don't regularly compare prices.

If finding the cheapest price on car insurance in Indianapolis is your ultimate goal, then having a good understanding how to find and compare coverage rates can help make the process easier.

If you have coverage now, you stand a good chance to be able to get lower rates using the following tips. Locating the best rates in Indianapolis is really not that difficult. Nevertheless, Indiana drivers do need to learn the way companies set your policy premium and use it to find better rates.

First Step: Get free Toyota Camry insurance quotes

When quoting car insurance, remember that obtaining a wide range of quotes increases your odds of finding better pricing.

The companies in the list below are our best choices to provide quotes in Indiana. If the list has multiple companies, we recommend you visit as many as you can to get the best price comparison.

Three main reasons to buy insurance

Even though it can be expensive, insurance is mandatory in Indiana but it also protects more than you think.

  • Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a minimum amount of liability coverage in order to get the vehicle licensed. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your Toyota Camry has a lienholder, it's most likely the lender will require you to have physical damage coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender will be forced to insure your Toyota at a much higher premium rate and require you to fork over a much higher amount than you were paying before.
  • Insurance preserves not only your vehicle but also your financial assets. It will also pay for medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your insurance policy will pay to repair the damage minus the deductible amount.

The benefits of carrying adequate insurance definitely exceed the cost, particularly if you ever have a claim. According to a 2015 survey, the average American driver overpays more than $865 each year so compare quotes from several companies at every policy renewal to make sure the price is not too high.

Coverage analysis

The premium information below covers a range of insurance premium costs for Toyota Camry models. Being able to understand how rates are calculated can aid in making smart choices when choosing a car insurance company.

Toyota Camry Insurance Rates in Indianapolis, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $148 $282 $380 $22 $114 $946 $79
Camry SE $148 $334 $380 $22 $114 $998 $83
Camry XLE $148 $334 $380 $22 $114 $998 $83
Camry Hybrid $168 $334 $428 $26 $128 $1,084 $90
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Indiana minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in garaging location in Indianapolis which can affect premium rates significantly.

Deductible analysis

One of the most common insurance questions is how high should the physical damage deductibles be. The tables below can help you visualize the premium difference when you choose different physical damage coverage deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second price chart uses a $500 deductible.

Toyota Camry insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $242 $436 $280 $16 $84 $1,083 $90
Camry SE $242 $514 $280 $16 $84 $1,161 $97
Camry XLE $242 $514 $280 $16 $84 $1,161 $97
Camry Hybrid $272 $514 $318 $18 $94 $1,241 $103
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Toyota Camry insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $176 $294 $280 $16 $84 $850 $71
Camry SE $176 $348 $280 $16 $84 $904 $75
Camry XLE $176 $348 $280 $16 $84 $904 $75
Camry Hybrid $200 $348 $318 $18 $94 $978 $82
Get Your Own Custom Quote Go

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Estimates do not factor in your specific Indianapolis location which can revise insurance rates greatly.

Based on this data, using a $100 deductible will cost in the ballpark of $21 more each month or $252 annually than selecting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at a minimum 19 months between claim filings, you would more than likely save some money by selecting a higher deductible.

Careless driving habits raise Indianapolis insurance rates

The illustration below demonstrates how traffic citations and at-fault claims can impact Toyota Camry insurance premiums for different insured age categories. The information is based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are taken into consideration.

Insurance rates by gender and age

The illustration below visualizes the comparison of Toyota Camry car insurance costs for male and female drivers. The information is based on no violations or claims, comp and collision included, $1,000 deductibles, drivers are not married, and no discounts are factored in.

Difference between liability only and full coverage rates

The chart below shows the comparison of Toyota Camry insurance rates with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premium estimates are based on no violations or claims, $1,000 deductibles, drivers are single, and no discounts are taken into consideration.

Are you wasting money on full coverage?

There is no written rule for phasing out physical damage insurance, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.

For example, let's assume your Toyota Camry settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $3,000 after the policy deductible has been paid. If you are currently paying more than $300 annually for your policy with full coverage, then it may be the right time to buy liability only.

There are a few situations where dropping full coverage is not recommended. If you haven't paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Car insurance discounts are available for cheaper rates

Some insurance providers do not list all possible discounts in a way that's easy to find, so the list below details some of the more common as well as the least known car insurance savings.Car insurance discounts

  • Multiple Cars - Buying coverage for multiple cars with one company qualifies for this discount.
  • Anti-theft System - Cars, trucks, and SUVs that have factory anti-theft systems are stolen less frequently and that can save you a little bit as well.
  • Low Mileage Discounts - Driving fewer miles could earn cheaper premium rates.
  • Federal Employees - Simply working for the federal government could qualify for a slight premium decrease but check with your company.
  • Early Switch Discount - Some larger companies reward drivers for buying a new policy before your current coverage expires. You may see this discount when you get Indianapolis car insurance quotes online.
  • Distant College Student Discount - Kids who attend college more than 100 miles from Indianapolis and don't have a car can be insured at a reduced rate.
  • Driver Training Discounts - Taking a defensive driving course could save 5% or more if you qualify.
  • Air Bags and Passive Restraints - Options like air bags or motorized seat belts can receive discounts of 20% or more.

Just know that most discounts do not apply to your bottom line cost. Some only apply to individual premiums such as physical damage coverage or medical payments. Just because you may think it's possible to get free car insurance, you aren't that lucky.

The chart below compares Toyota Camry insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no claims, a clean driving record, Indiana state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, marriage, safe-driver, and multi-policy discounts applied.

Companies and some of the premium reductions they offer are shown below.

  • The Hartford offers discounts including air bag, defensive driver, driver training, anti-theft, vehicle fuel type, and bundle.
  • American Family discounts include defensive driver, multi-vehicle, Steer into Savings, mySafetyValet, and good student.
  • Progressive may include discounts for continuous coverage, multi-vehicle, online signing, good student, homeowner, and online quote discount.
  • Travelers may offer discounts for new car, student away at school, multi-policy, IntelliDrive, and payment discounts.
  • Farmers Insurance has savings for youthful driver, distant student, alternative fuel, multi-car, and early shopping.
  • USAA offers premium reductions for family discount, loyalty savings, multi-vehicle, annual mileage, good student, new vehicle, and defensive driver.
  • Liberty Mutual has discounts for newly married, multi-policy, new vehicle discount, multi-car, preferred payment discount, and safety features.

It's a good idea to ask all the companies to give you their best rates. Some of the discounts discussed earlier may not apply to policies in your area.

Buying from car insurance agents

A small number of people just prefer to talk to a local agent and that is just fine! An additional benefit of price shopping on the web is you can get the lowest rates and also buy local. Buying from local agencies is important particularly in Indianapolis.

Insurance agents in IndianapolisTo make it easy to find an agent, after completing this simple form, your information is submitted to local insurance agents in Indianapolis who can give free rate quotes for your insurance coverage. You never need to find an agent on your own due to the fact that quote results will go straight to your inbox. It's the lowest rates AND a local agent. If you wish to quote rates from a specific insurance company, you just need to visit that company's website and fill out their quote form.

Two different types of auto insurance agents

If you want to buy insurance from an insurance agent, you should know the types of insurance agents and how they differ in how they quote coverages. Agencies in Indianapolis are classified as either independent agents or exclusive agents depending on their employer.

Independent Insurance Agents

These type of agents are not employed by any specific company and that allows them to write policies with multiple insurance companies and find you the best rates. If your premiums go up, your agent can just switch to a different company and you don't have to switch agencies.

If you are comparing rate quotes, you definitely need to get some free quotes from multiple independent agents for maximum quote selection.

Shown below is a short list of independent agents in Indianapolis that may be able to provide price quotes.

5451 Emerson Way - Indianapolis, IN 46226 - (317) 591-2660 - View Map

201 N Illinois St - Indianapolis, IN 46204 - (317) 641-4572 - View Map

4255 Lafayette Rd - Indianapolis, IN 46254 - (317) 290-2055 - View Map

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Exclusive Insurance Agencies

Agents in the exclusive channel can only provide one company's prices such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare rates from other companies so you might not find the best rates. Exclusive insurance agents are well trained on their products and sales techniques which can be an advantage.

The following are exclusive insurance agencies in Indianapolis that can give you price quotes.

1014 Prospect St - Indianapolis, IN 46203 - (317) 783-3391 - View Map

7022 W 10th St b - Indianapolis, IN 46214 - (317) 243-3509 - View Map

1480 W Southport Rd c - Indianapolis, IN 46217 - (317) 888-5200 - View Map

View more Indianapolis agents

Picking the best insurance agent requires more thought than just a cheap price. Any good agent in Indianapolis should know the answers to these questions.

  • What insurance company do they write the most business with?
  • Where are claims handled?
  • How long has their agency been open in Indianapolis?
  • How would your car be valued if totaled?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • Do they get extra compensation for selling add-on coverages?
  • Is the agency covered by Errors and Omissions coverage?

Cheaper car insurance rates are possible

Lower-priced car insurance in Indianapolis is available from both online companies and also from your neighborhood Indianapolis agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies do not provide internet price quotes and many times these small insurance companies prefer to sell through independent agents.

While you're price shopping online, it's a bad idea to buy less coverage just to save a little money. There have been many cases where an accident victim reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. Your goal should be to buy enough coverage at an affordable rate.

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