Buying competitive car insurance for a Toyota Camry in Oregon hinges on many different factors such as whether you are married or single, your credit score, and your motor vehicle report. Oregon drivers will pay on average $968 annually for Camry insurance, but that figure is an estimation calculated based on a 40-year-old single female driver with full coverage and $500 deductibles.
It’s more than likely you may not be 40 years old (or even female), married instead of single, or maybe you are just looking for cheap liability insurance. There is no perfect policy for every driver, so the way we recommend to find cheap insurance prices for your Toyota is to compare as many rates as possible.
The trim level of your Camry tends to impact price, so the price you pay to insure a Camry LE trim level will be $166 cheaper than the cost to insure the more well-appointed Camry Hybrid version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Prices do not factor in zip code location which can revise price quotes greatly.
Deciphering which company offers the cheapest car insurance rates for a Toyota Camry will take a bit more work in order to find the best price.
Each auto insurer uses a different method for determining rates, so we need to take a look at the car insurance companies with the most affordable rates in Oregon. We do need to point out that Portland car insurance rates are determined by lots of factors that can increase the cost of having a policy. Improving your credit rating, buying a home, or getting a ticket for careless driving can trigger rate changes that may make certain companies cheaper than competitors.
Best Insurance Companies for Your Camry
|Rank||Company||Cost Per Year|
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Grange generally has some of the lowest car insurance rates in Portland at around $687 per year. Country, Oregon Mutual, USAA, and Travelers are also some of the more affordable Portland, OR car insurance companies.
As the example above demonstrates, if you currently have coverage with USAA and switched to Grange, you could earn an annual premium reduction of approximately $263. Policyholders with Travelers may save as much as $265 a year, and State Farm policyholders might reduce rates by $374 a year.
To find out how much you can save, click here to start your free quote or quote rates from the companies below.
These policy rates are averages across all types of drivers and the different vehicles they drive and are not factoring in a specific location for a Toyota Camry. So the car insurance company that can offer the best rates for your situation may not even be in the top 22 companies shown above. That points out the importance of why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
Get discount Portland auto insurance
Auto insurance companies that provide coverage for a Toyota Camry may have rate discounts that can lower rates by as much as 30% if you meet specific eligibility requirements. Larger car insurance companies and their offered discounts are:
- Esurance includes discounts for emergency road assistance, homeowner, anti-theft, multi-policy, and multi-car.
- The Hartford policyholders can earn discounts including anti-theft, vehicle fuel type, driver training, bundle, defensive driver, air bag, and good student.
- AAA may include discounts for AAA membership discount, education and occupation, good driver, multi-policy, and good student.
- GEICO discounts include multi-vehicle, five-year accident-free, anti-theft, federal employee, anti-lock brakes, seat belt use, and air bags.
- State Farm has discounts for accident-free, student away at school, multiple policy, Drive Safe & Save, and good student.
The example below illustrates the difference between insurance premiums with and without discounts applied to the rates. The prices are based on a female driver, no violations or claims, Oregon state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple vehicle, vehicle safety, homeowner, safe-driver, multiple policy, and defensive driving course discounts applied. When discounts are factored in, theaverage amount saved on car insurance for a Toyota Camry is 28% or $501.
Cost of full coverage in Portland
Saving on car insurance is important to the majority of drivers, and one of the easiest ways to pay lower rates for insurance for a Toyota Camry is to only buy liability insurance. The illustration below illustrates the comparison of car insurance rates with liability coverage only compared to full coverage. The rate quotes are based on no claims or driving violations, $500 deductibles, marital status is single, and no other discounts are factored in.
As an overall average, comprehensive and collision coverage on your policy costs $1,785 per year more than just buying liability only. Many drivers will wonder when is it a good idea to stop buying full coverage. There is no specific rule of when to phase out full coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
There are some circumstances where buying only liability insurance is not recommended. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
The example below highlights how deductible selection can affect insurance premiums when searching for cheap insurance for a Toyota Camry. The rates are based on a single female driver, comp and collision included, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could lower their car insurance rates by $346 a year by changing from a $100 deductible to a $500 deductible, or save $524 by using a $1,000 deductible. Youthful drivers, like the Age 20 category, could shave $772 or more just by choosing larger deductibles.
If you do decide to increase your deductibles, it will be important to have enough savings set aside to cover the extra out-of-pocket expense that is associated with using high deductibles.