Best Toyota Camry Insurance in Oakland

Unfortunately, about 70% of customers have remained with the same car insurance company for more than four years, and about 40% of consumers have never compared rates with other companies. With the average premium in California being $1,390, drivers could save themselves almost 35% a year just by shopping around, but they just assume it takes a lot of time to save money by comparing rate quotes.

Discount Toyota Camry insuranceThe preferred way to get budget Toyota Camry insurance in Oakland is to annually compare prices from insurers who provide car insurance in California. Price quotes can be compared by following these steps.

A key point to remember is to try to use identical deductibles and limits on every quote request and and to get rates from as many different companies as possible. Doing this provides the most accurate price comparison and a complete selection of prices.

Why Your Insurance Rates might be higher

Smart consumers have a good feel for a few of the rating criteria that go into determining the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find lower insurance prices. Multiple criteria are part of the calculation when you get a price on insurance. Some of the criteria are obvious like an MVR report, but other factors are not quite as obvious like your vehicle usage and annual miles driven.

The itemized list below are some of the factors used by insurance companies to determine prices.

Toyota Camry insurance statistics and information

The coverage table displayed next showcases a range of insurance costs for Toyota Camry models. Knowing how car insurance prices are established is important for drivers to make decisions on which insurance to purchase.

Toyota Camry Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $266 $524 $574 $34 $172 $1,570 $131
Camry SE $266 $618 $574 $34 $172 $1,664 $139
Camry XLE $266 $618 $574 $34 $172 $1,664 $139
Camry Hybrid $300 $618 $650 $38 $194 $1,800 $150
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Prices above based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Table data does not factor in zip code location which can affect premium rates substantially.

Physical damage deductibles: Should you raise them?

A question often asked by Oakland drivers is which deductibles should you choose. The following insurance rates may help you to understand the costs and benefits when you choose different policy deductibles. The first pricing table uses a $100 physical damage coverage deductible 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 $380 $686 $442 $26 $132 $1,691 $141
Camry SE $380 $810 $442 $26 $132 $1,815 $151
Camry XLE $380 $810 $442 $26 $132 $1,815 $151
Camry Hybrid $430 $810 $500 $30 $150 $1,945 $162
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Toyota Camry insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $278 $464 $442 $26 $132 $1,342 $112
Camry SE $278 $546 $442 $26 $132 $1,424 $119
Camry XLE $278 $546 $442 $26 $132 $1,424 $119
Camry Hybrid $314 $546 $500 $30 $150 $1,540 $128
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can decrease or increase prices noticeably.

Based on the data above, we can derive that using a $100 deductible will cost you approximately $31 more each month or $372 a year than selecting the higher $500 deductible. Since you would have to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 13 months between claim filings, you would probably be better off if you decide on a higher deductible. Below is how you can do this calculation yourself.

Average monthly premium for $100 deductibles: $151
Average monthly premium for $500 deductibles (subtract): – $120
Monthly savings from raising deductible: $31
Difference between deductibles ($500 – $100): $400
Divide difference by monthly savings: $400 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 13 months

One big caveat is that raising deductibles to get cheaper rates results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You need to make sure you have enough disposable income in order to pay the higher deductible in order to repair your vehicle.

The illustration below shows how different deductible levels and can increase or decrease Toyota Camry insurance costs for each age group. The rates are based on a married female driver, comp and collision included, and no discounts are applied.

Careless Oakland drivers pay higher rates

The diagram below shows how violations and at-fault claims can increase Toyota Camry insurance rates for each age group. The premiums assume a single male driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.

Do you qualify for discounts on Toyota Camry insurance in Oakland?

Car insurance is expensive, but there could be significant discounts that could help you make your next renewal payment. Certain discounts will be applied at quote time, but a few need to be asked for before you get the savings.Discount car insurance

One last thing about discounts, most discount credits are not given to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, you’re out of luck.

The illustration below shows the difference between Toyota Camry auto insurance costs with and without policy discounts. The costs are based on a female driver, no claims or violations, California state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, marriage, safe-driver, and multi-policy discounts applied.

A list of car insurance companies and a summarized list of policyholder discounts are:

It’s a good idea to ask every prospective company which discounts you qualify for. Some discounts may not apply to policies in your state.

How to find a good Oakland auto insurance company

Picking a high-quality insurer can be rather challenging considering how many companies there are to choose from in Oakland. The ranking data displayed below could help you decide which insurers you want to consider when comparing rate quotes.

Top 10 Oakland Car Insurance Companies Ranked by Customer Service

  1. AAA of Southern California
  2. GEICO
  3. State Farm
  4. The Hartford
  5. Mercury Insurance
  6. The General
  7. Progressive
  8. Allstate
  9. AAA Insurance
  10. American Family

Top 10 Oakland Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

The best insurance company isn’t always the cheapest

People switch companies for many reasons like delays in paying claims, denial of a claim, lack of trust in their agent or poor customer service. No matter why you want to switch, finding a new company can be easier than you think.

Some insurance providers may not offer online quoting and many times these regional insurance providers work with local independent agents. Budget-friendly insurance in Oakland can be bought both online in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from.

While you’re price shopping online, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many situations where an insured dropped liability coverage limits only to discover later that the few dollars in savings costed them thousands. The aim is to buy the best coverage you can find at the best possible price, but do not skimp to save money.

More detailed insurance information is available in these articles: