Save Money on Toyota Camry Hybrid Insurance in Baltimore

It takes a little time, but the best way to get affordable auto insurance rates in Baltimore is to regularly compare prices from companies that insure vehicles in Maryland. You can shop around by completing these steps.

• First, spend some time learning about how companies price auto insurance and the measures you can control to prevent high rates. Many things that result in higher prices like your driving record and an imperfect credit rating can be remedied by making minor changes to your lifestyle.
• Second, request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like Progressive or Allstate, while agents who are independent can quote prices from many different companies.
• Third, compare the price quotes to your current policy premium and determine if there is any savings. If you can save some money and decide to switch, make sure coverage does not lapse between policies.

An essential thing to point out is to try to use similar limits and deductibles on every quote request and and to get price estimates from as many auto insurance providers as possible. This guarantees an apples-to-apples comparison and the best price selection.

Shocking but true, most drivers have bought insurance from the same company for at least the last four years, and about 40% of consumers have never even compared quotes to find cheaper rates. Maryland consumers could cut their rates by roughly $750 a year just by shopping around, but they don’t believe the large savings they would see if they bought a different policy.

Auto insurance providers offering cheap price quotes in Maryland

The companies in the list below have been selected to offer free quotes in Baltimore, MD. If multiple companies are listed, we recommend you visit several of them in order to get a fair rate comparison.

Analysis of Toyota Camry Hybrid rates

The coverage information displayed below showcases a range of rate quotes for Toyota Camry Hybrid models. Being more informed about how insurance quotes are formulated can be of help when making smart choices when comparing insurance rates.

Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Information does not factor in vehicle location which can alter rates substantially.

Rate comparison for different deductibles

One of the most common insurance questions is which deductibles should you choose. The comparison tables below may aid in understanding the difference in cost between low and high physical damage deductibles. The first rate table uses a $100 comprehensive and collision deductible and the second pricing table uses a $500 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rates do not factor in specific Baltimore garaging location which can raise or lower price quotes substantially.

Using the data above, we can ascertain that using a $100 deductible will cost you approximately $31 more each month or $372 every year across all Toyota Camry Hybrid models than selecting the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you normally go at least 13 months between claims, you would more than likely save some money going with the higher deductible.

The information below illustrates how your choice of deductibles and can raise or lower Toyota Camry Hybrid annual premium costs for different categories of driver ages. The rates are based on a married male driver, comprehensive and collision coverage, and no discounts are applied.

Cautious drivers save money

The chart below shows how violations and fender-benders can increase Toyota Camry Hybrid annual premium costs for different age groups. The information is based on a married male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Insurance cost for men versus women in Baltimore

The illustration below compares Toyota Camry Hybrid insurance costs for male and female drivers. The premiums are based on no violations or claims, comprehensive and collision coverage, $100 deductibles, single status, and no additional discounts are factored in.

Difference between full coverage and liability only rates

The diagram below shows the comparison of Toyota Camry Hybrid annual premium costs with full coverage compared to only the Maryland minimum liability coverage. The premiums are based on no violations or claims, $250 deductibles, marital status is single, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula of when to phase out physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s assume your Toyota Camry Hybrid claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after you pay the deductible. If you are paying more than $400 annually to have full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where only buying liability is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

Car insurance discounts help lower rates for Toyota Camry Hybrid insurance in Baltimore

Companies that sell car insurance do not list every discount they offer in a way that’s easy to find, so the below list has both well-publicized as well as the least known discounts that may be available.

• Seat Belts Save – Buckling up and requiring all passengers to wear their seat belts could cut 10% or more off the personal injury premium cost.
• Distant College Student Discount – College-age children who attend college more than 100 miles from Baltimore and do not have access to a covered vehicle can be insured at a reduced rate.
• Include Life Insurance and Save – Some companies give a small discount if you purchase a life policy as well.
• Driver’s Ed – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class as it can save substantially.
• Claim Free – Good drivers with no accidents can earn big discounts as opposed to frequent claim filers.
• Telematics Data – Insureds that choose to allow their car insurance company to monitor driving patterns remotely like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates as long as the data is positive.
• E-sign – Many larger companies may give you up to $50 for buying a policy and signing up on the web.

It’s important to understand that most discount credits are not given to all coverage premiums. A few only apply to specific coverage prices like physical damage coverage or medical payments. Even though it may seem like you could get a free car insurance policy, it just doesn’t work that way. Any amount of discount will positively reduce the premium cost.

The illustration below visualizes the comparison of Toyota Camry Hybrid premium costs with and without discounts applied to the rates. The rate quotes are based on a male driver, a clean driving record, no claims, Maryland state minimum liability limits, full physical damage 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, claim-free, homeowner, multi-car, and safe-driver discounts applied.

If you would like to see a list of providers that provide some of the discounts listed above in Maryland, follow this link.

Learn How to Lower Your Insurance Premiums

Many things are part of the equation when you get a price on insurance. Some are obvious like your driving record, although some other factors are more transparent such as your credit history or your financial responsibility. An important part of buying insurance is that you know the factors that are used to determine your policy premiums. When consumers understand what determines premiums, this enables you to make decisions that can earn you much lower annual insurance costs.

The factors shown below are just a few of the factors that factor into premiums.

• Vehicle options that lower premiums – Selecting a car model with an alarm system can save you some money. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent your vehicle from being stolen.
• Cheaper rates after marriage – Having a spouse may save some money compared to being single. Having a spouse means you’re more financially stable and statistics prove being married results in fewer claims.
• Better premiums on vehicles with better crash test results – Cars with five star safety ratings get lower rates. Safe vehicles reduce the chance of injuries and any reduction in injury severity means your insurance company pays less which can mean better rates for you. If your Toyota Camry Hybrid is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.

• Driver age impacts rates – Inexperience drivers have a tendency to be inattentive when driving therefore auto insurance rates are much higher. Older drivers tend to be more responsible, tend to file fewer claims, and receive fewer citations.

  The following data uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Insurance loss data for a Toyota Camry Hybrid – Insurers analyze past claim statistics as a way to help calculate a profitable premium price. Vehicles that the data determines to have a higher amount or frequency of claims will have a higher cost to insure.

  The information below illustrates the historical loss data for Toyota Camry Hybrid vehicles. For each coverage category, the claim amount for all vehicles, regardless of manufacturer or model, is a value of 100. Values below 100 imply a favorable loss record, while numbers that are greater than 100 indicate frequent claims or tendency to have larger claims.

  
  

  Toyota Camry Hybrid Insurance Claim Statistics

  Vehicle Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Toyota Camry Hybrid	124	100	110	118	127	96

  BETTER

  AVERAGE

  WORSE

  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Will just any policy work for me?

Always keep in mind that when comparing your policy for your vehicles, there isn’t really a one size fits all plan. Your situation is unique.

For instance, these questions might help in determining whether you would benefit from professional advice.

• What states are considered no-fault?
• Am I covered if I break a side mirror?
• Why do I only qualify for high-risk insurance?
• Does my insurance cover damage caused when ticketed for reckless driving?
• Why do I have to buy liability insurance?
• Is my business laptop covered if it gets stolen from my vehicle?

If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form.

You may need advice from an insurance agency

Some consumers still prefer to talk to an insurance agent and that is a smart decision The biggest benefit of comparing auto insurance online is that you can obtain lower rates and still choose a local agent.

Upon completion of this simple form, your information is immediately sent to local insurance agents that provide free Baltimore auto insurance quotes for your coverage. It makes it easy because there is no need to leave your house because quoted prices will be sent to the email address you provide. You’ll get the best rates without the usual hassles of price shopping. In the event you want to quote rates for a specific company, feel free to go to their quote page and fill out the quote form the provide.

Picking an company requires you to look at more than just a cheap quote. The following questions are important to ask.

• Will the agent or a CSR service your policy?
• Is the agent CPCU or CIC certified?
• How much can you save by raising your physical damage deductibles?
• Are they paid to recommend certain coverages?
• Are they in the agency full-time?
• How many years have they been established?
• Will they make sure you get an adequate claim settlement?
• Where would glass claims be handled in Baltimore?

Compare rates from both independent and exclusive auto insurance agents

If you want an insurance agent, it’s helpful to know the types of insurance agents that differ in how they can insure your vehicles. Insurance agencies in Baltimore can be categorized as either exclusive agents or independent agents.

Exclusive Agencies

Exclusive agents work for only one company like Farmers Insurance or State Farm. Exclusive agents are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents are usually quite knowledgeable on what they offer and that can be a competitive advantage.

Shown below are Baltimore exclusive agencies willing to provide comparison quotes.

More Baltimore agents

Independent Insurance Agents

Agents that elect to be independent are not employed by one company and that enables them to quote your coverage with an assortment of companies and get you the best rates possible. If your agent finds better pricing, the business is moved internally which makes it simple for you. When comparison shopping, you absolutely need to get rate quotes from at least one independent agent to get the most accurate price comparison.

Listed below are independent insurance agencies in Baltimore who can help you get price quotes.

More Baltimore agents

Best car insurance in Baltimore

Insuring your vehicle with the right auto insurance company can be rather challenging considering how many different companies insure vehicles in Maryland. The information shown below may help you choose which coverage providers you want to consider putting your business with.

Top 10 Baltimore Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

Top 10 Baltimore Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Affordable auto insurance prices are available

People leave their current company for any number of reasons including lack of trust in their agent, poor customer service, denial of a claim or unfair underwriting practices. Whatever your reason, finding the right auto insurance provider is easier than you think.

Low-cost Toyota Camry Hybrid insurance in Baltimore is attainable both online in addition to many Baltimore insurance agents, and you need to comparison shop both so you have a total pricing picture. Some auto insurance companies may not have the ability to get quotes online and most of the time these small, regional companies work with independent agents.

When searching for low cost Baltimore auto insurance quotes, it’s a bad idea to reduce needed coverages to save money. Too many times, someone sacrificed liability coverage limits only to regret that the few dollars in savings costed them thousands. Your goal is to purchase plenty of coverage for the lowest price.

To read more, feel free to visit the articles below:

• No-Fault Auto Insurance Statistics (Insurance Information Institute)
• What Car Insurance is Cheapest for Seniors in Baltimore? (FAQ)
• Who Has Affordable Car Insurance Quotes for 4×4 Vehicles in Baltimore? (FAQ)
• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Protect Yourself Against Auto Theft (Insurance Information Institute)