Amazingly, almost 70% of insureds have stayed with the same insurance company for more than four years, and nearly the majority have never compared rates to find affordable insurance. Drivers in Orlando could pocket 55% a year just by comparing rates, but they just assume it’s a time-consuming process to shop around.
The preferred way to find low-cost prices for auto insurance rates is to compare quotes annually from providers who sell insurance in Orlando.
- Try to understand car insurance and the modifications you can make to prevent expensive coverage. Many rating factors that are responsible for high rates like multiple speeding tickets and a low credit score can be rectified by improving your driving habits or financial responsibility. This article provides more details to help keep prices low and find more discounts that you may not know about.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or State Farm, while independent agencies can quote rates from multiple sources.
- Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find better rates and buy the policy, make sure coverage is continuous and does not lapse.
- Notify your company or agent of your decision to cancel the current policy and submit a down payment along with a signed application for the new policy. As soon as you receive it, put the certificate of insurance in an easily accessible location.
One thing to remember is to try to use identical limits and deductibles on each quote and and to get rates from as many car insurance companies as possible. This enables a fair price comparison and many rates to choose from.
If you have insurance now or just want to save money, you can use this information to shop for the lowest rates without sacrificing coverage. Our goal is to let you in on how to compare rates easily and some tips to save money. Vehicle owners just have to use the most effective way to compare prices from multiple carriers.
Companies offering Toyota Camry insurance in Florida
The companies in the list below are our best choices to provide comparison quotes in Florida. To locate cheaper car insurance in Orlando, it’s highly recommended you get prices from several of them to get a more complete price comparison.
Insurance coverage details
The coverage information shown next outlines estimates of rate quotes for Toyota Camry models. Learning a little about how policy premiums are calculated can be of help when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $276 | $538 | $392 | $24 | $118 | $1,348 | $112 |
| Camry SE | $276 | $634 | $392 | $24 | $118 | $1,444 | $120 |
| Camry XLE | $276 | $634 | $392 | $24 | $118 | $1,444 | $120 |
| Camry Hybrid | $312 | $634 | $444 | $26 | $132 | $1,548 | $129 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium amounts do not factor in Orlando location which can modify rates substantially.
Physical damage deductible comparison
One common question asked by Orlando drivers is at what level do you set your deductibles. The comparisons below may help to illustrate the premium difference between low and high physical damage deductibles. The first rate table uses a $250 deductible for comp and collision and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $322 | $544 | $418 | $24 | $124 | $1,457 | $121 |
| Camry SE | $322 | $640 | $418 | $24 | $124 | $1,553 | $129 |
| Camry XLE | $322 | $640 | $418 | $24 | $124 | $1,553 | $129 |
| Camry Hybrid | $364 | $640 | $472 | $28 | $142 | $1,671 | $139 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $200 | $342 | $418 | $24 | $124 | $1,108 | $92 |
| Camry SE | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Camry XLE | $200 | $402 | $418 | $24 | $124 | $1,168 | $97 |
| Camry Hybrid | $224 | $402 | $472 | $28 | $142 | $1,268 | $106 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in vehicle garaging location which can lower or raise auto insurance rates significantly.
Based on the above data, using a $250 deductible could cost the average driver approximately $32 more each month or $384 for a full year than selecting the higher $1,000 deductible. Because you would be required to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at least 23 months between claims, you would probably come out ahead by selecting a higher deductible. Below is the way you can do this calculation yourself.
| Average monthly premium for $250 deductibles: | $130 |
| Average monthly premium for $1,000 deductibles (subtract): | – $98 |
| Monthly savings from raising deductible: | $32 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $32 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One important issue to know is that increasing deductibles to lower your rates means you will have to pay more when you file a claim. You need to have some funds available in order to pay the deductible.
Insurance rates based on gender in Orlando
The chart below compares Toyota Camry annual premium costs for male and female drivers. The rates are based on a clean driving record, no claims, full coverage, $250 deductibles, single marital status, and no discounts are factored in.
Cost of full coverage
The chart below visualizes the comparison of Toyota Camry insurance rates with and without physical damage coverage. The costs are based on no violations or claims, $250 deductibles, marital status is single, and no discounts are taken into consideration.
When to stop buying comprehensive and collision coverage
There is no specific rule of when to stop paying for comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it could be time to drop full coverage.
For example, let’s say your Toyota Camry book value is $7,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after paying your deductible. If it’s costing in excess of $600 annually for full coverage, then you might consider buying liability only.
There are a few situations where dropping physical damage coverage is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.
How do Insurers Determine Toyota Camry Insurance Premiums?
Many factors are used when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other factors are more obscure like your continuous coverage or your vehicle rating.
The following are some of the most rate-impacting factors used by companies to determine your rates.
- Deter theft and pay less – Buying a car with advanced anti-theft systems can save you a little every year. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop auto theft and help lower rates.
- High credit equals lower costs – Having a bad credit score can be an important factor in your rate calculation. So if your credit rating is not that good, you could save money insuring your Toyota Camry by spending a little time repairing your credit. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with lower credit ratings.
- How much liability coverage – Liability insurance provides coverage if a jury decides you are liable for an accident. It provides you with a defense in court to defend your case. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.
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Driving citations will cost you – Having a clean driving record has a big impact on rates. Just one speeding ticket or other violation can increase rates to the point where it’s not affordable. Drivers with clean records pay less for auto insurance as compared to careless drivers. Drivers unfortunate enough to have serious violations like DUI or willful reckless driving may face state-mandated requirements to prove financial responsibility with their state’s licensing department in order to legally drive.
The diagram below demonstrates how traffic citations and fender-benders drive up Toyota Camry insurance costs for different age groups. The prices are based on a single female driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.
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Toyota Camry claim statistics – Companies include the past claim trends for vehicles to help calculate a profitable premium price. Models that have higher losses will cost more to insure. The information below illustrates the compiled insurance loss statistics for Toyota Camry vehicles.
For each coverage type, the claim amount for all vehicles, regardless of make or model, is considered to be 100. Numbers below 100 suggest a positive loss record, while numbers above 100 indicate more frequent losses or statistically larger losses.
Toyota Camry Insurance Loss Statistics Vehicle 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 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Lower rate quotes on Toyota Camry insurance in Orlando with these car insurance discounts
Some providers don’t necessarily list every discount available very well, so we took the time to find some of the more common as well as some of the hidden discounts that you can inquire about if you buy Orlando car insurance online.
- Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you could save up to 5%.
- Defensive Driving Course – Taking time to complete a safe driver course could cut 5% off your bill and easily recoup the cost of the course.
- Passive Restraints and Air Bags – Vehicles with factory air bags or automatic seat belts could see savings of more than 20%.
- Discount for Life Insurance – Not every insurance company offers life insurance, but if they do you may earn lower premium rates if you buy life insurance.
- Own a Home and Save – Being a homeowner can earn you a little savings because owning a home requires personal responsibility.
- Telematics Discount – Insureds who allow their company to monitor their driving habits through the use of a telematics system such as Progressive’s Snapshot may see discounts if they are good drivers.
As a footnote on discounts, most discounts do not apply to all coverage premiums. Most cut individual premiums such as comprehensive or collision. So even though you would think all those discounts means the company will pay you, car insurance companies aren’t that generous.
The chart below visualizes the comparison of Toyota Camry insurance prices with and without some available policy discounts. The prices are based on a female driver, a clean driving record, no claims, Florida state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, safe-driver, multi-car, homeowner, and claim-free discounts applied.
To choose insurance companies with the best discounts in Florida, follow this link.
When to get advice from an insurance agency
A lot of people would rather go talk to an agent and that is recommended in a lot of cases Licensed agents will help you protect your assets and help submit paperwork. An additional benefit of comparing rate quotes online is that you can obtain the lowest rates and still have a local agent. And buying from local agents is important especially in Orlando.
For easy comparison, once you complete this short form, your insurance coverage information gets sent to agents in your area who will give competitive quotes for your coverage. You won’t even need to even leave your home because quoted prices will be sent immediately to you. If you have a need to get a rate quote from one company in particular, you would need to navigate to their website and fill out the quote form the provide.
If you are searching for a local Orlando insurance agent, it can be helpful to understand the types of insurance agents that you can choose from. Auto insurance policy providers are classified as either independent agents or exclusive agents depending on their employer. Both can sell auto insurance policies, but it’s a good idea to understand the subtle differences because it can influence buying decisions.
Independent Auto Insurance Agencies
Agents that elect to be independent are not locked into one company and that is an advantage because they can write policies with many different companies and get you the best rates possible. If you are not satisfied with one company, they can switch companies in-house which requires no work on your part. If you are comparing auto insurance prices, it’s recommended you get insurance quotes from a couple of independent agencies to get the best comparison. A lot of them also have access to mutual insurance companies which could offer lower prices.
Shown below is a partial list of independent insurance agents in Orlando that may be able to give you free auto insurance rate quotes.
- National Insurance Agencies
1005 N Pine Hills Rd – Orlando, FL 32808 – (407) 480-5521 – View Map - JCJ Insurance Agency LLC
2208 Hillcrest St – Orlando, FL 32803 – (321) 445-1117 – View Map - Independent Insurance Agents
845 N Fern Creek Ave – Orlando, FL 32803 – (407) 898-0461 – View Map
Exclusive Auto Insurance Agents
These type of agents can only provide one company’s prices like Farmers Insurance, Allstate, or State Farm. Exclusive agencies are unable to place coverage with different providers so it’s a take it or leave it situation. Exclusive insurance agents are very knowledgeable on sales techniques which helps overcome the inability to quote other rates. Many people buy from exclusive agents partially due to the prominence of the brand and solid financial strength.
Listed below are exclusive agents in Orlando that are able to give comparison quotes.
- Alfredo Ortega – State Farm Insurance Agent
1118 Manor Dr – Orlando, FL 32807 – (407) 249-9999 – View Map - Bruce Baltich – State Farm Insurance Agent
198 S Semoran Blvd – Orlando, FL 32807 – (407) 273-9170 – View Map - Allstate Insurance: Luis T. Martell
7800 W Sand Lake Rd #201 – Orlando, FL 32819 – (407) 522-9293 – View Map
Picking an car insurance agent requires more thought than just the quoted price. These questions are important to ask:
- Can they provide you with a list of referrals?
- Will the agent or a CSR service your policy?
- Does the agent help file claims?
- Do the coverages you’re quoting properly cover your vehicle?
- Are claim adjusters local or do you have to take your car somewhere else?
- What company holds the largest book of business for them?
- Do they review policy coverages at every renewal?
- If you are a high risk driver, do they have special markets for your coverage?
Once you have received positive responses and an acceptable price quote, most likely you have located a car insurance agent that is reliable enough to adequately provide auto insurance.
Do I just need basic coverages?
When it comes to buying a policy, there really is no “best” method to buy coverage. Your financial needs are unique.
For example, these questions may help you determine whether you would benefit from an agent’s advice.
- Is my vehicle covered by my employer’s policy when using it for work?
- Does my policy cover my teen driver if they drive my company car?
- Does liability extend to a camper or trailer?
- What if a claim settlement is too low?
- Do they offer discounts for home and auto coverage?
- What is motorclub and do I need it?
- Should I buy full coverage?
- What are the best liability limits?
- Is a driver training discount available?
If you’re not sure about those questions, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, free and may give you better protection.
Cheap rates are available
When getting Orlando car insurance quotes online, you should never reduce coverage to reduce premium. There have been many situations where someone sacrificed liability coverage limits only to discover later that it was a big mistake. Your goal is to purchase plenty of coverage for the lowest cost, but don’t skip important coverages to save money.
People switch companies for a number of reasons such as being labeled a high risk driver, poor customer service, questionable increases in premium or delays in responding to claim requests. Regardless of your reason, finding the right insurance provider is actually quite simple.
Some companies don’t offer internet price quotes and many times these regional insurance providers provide coverage only through independent agents. Cheaper insurance in Orlando is possible from both online companies in addition to many Orlando insurance agents, and you should be comparing both so you have a total pricing picture.
Additional insurance information is available on the following sites:
- What is Gap Insurance? (Insurance Information Institute)
- Who Has Cheap Orlando Car Insurance Rates for a Ford Escape? (FAQ)
- Who Has the Cheapest Orlando Auto Insurance for Immigrants? (FAQ)
- Who Has Affordable Car Insurance Quotes for High School Students in Orlando? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)