If saving the most money is your goal, then the best way to get cheaper Toyota Camry insurance is to make a habit of regularly comparing prices from insurers in Portland. You can compare rates by following these steps.
- Step 1: Learn about coverages and the changes you can make to prevent high rates. Many factors that result in higher rates such as accidents, traffic violations, and a bad credit rating can be improved by paying attention to minor details.
- Step 2: Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from one company like Progressive or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
- Step 3: Compare the new rate quotes to the price on your current policy to determine if you can save on Camry insurance in Portland. If you find better rates, make sure there is no coverage gap between policies.
- Step 4: Provide notification to your current agent or company of your intention to cancel your current policy and submit payment and a completed application to the new company. Don’t forget to keep your new certificate verifying proof of insurance along with your vehicle registration.
A good tip to remember is to compare similar limits and deductibles on every quote and and to analyze as many different insurance providers as possible. This enables an apples-to-apples comparison and a complete price analysis.
It’s hard to fathom, but most car insurance policyholders have bought car insurance from the same company for well over three years, and approximately 38% of consumers have never shopped around. Many consumers in Portland could save an average of roughly $970 each year just by comparing rates, but most undervalue the amount of savings they would get if they switched.
Locating the most cost-effective auto insurance policy in Portland is not that difficult. If you have coverage now or just want to reduce your rates, take advantage of these tips to reduce premiums without reducing coverage. Smart buyers just need to use the proper methods to get comparison quotes online from multiple companies.
Finding a lower price on insurance can be quick and easy. The only requirement is to take the time to compare rate quotes to see which company has affordable Portland car insurance quotes.
The car insurance companies shown below are our best choices to provide free rate quotes in Oregon. To buy the cheapest car insurance in OR, we recommend you click on several of them in order to get a fair rate comparison.
Rates and detailed analysis
The rate information shown below highlights different insurance policy prices for Toyota Camry models. Being more informed about how premiums are calculated can benefit drivers when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $306 | $610 | $432 | $26 | $130 | $1,504 | $125 |
| Camry SE | $306 | $720 | $432 | $26 | $130 | $1,614 | $135 |
| Camry XLE | $306 | $720 | $432 | $26 | $130 | $1,614 | $135 |
| Camry Hybrid | $344 | $720 | $488 | $28 | $146 | $1,726 | $144 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Prices do not factor in the specific area where the vehicle is garaged which can revise auto insurance rates considerably.
Deductible comparison
When buying car insurance, a common question is the level to set your comp and collision deductibles. The figures shown below show the rate fluctuation of buying low and high policy deductibles. The first rate table uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $246 | $416 | $320 | $18 | $96 | $1,121 | $93 |
| Camry SE | $246 | $490 | $320 | $18 | $96 | $1,195 | $100 |
| Camry XLE | $246 | $490 | $320 | $18 | $96 | $1,195 | $100 |
| Camry Hybrid | $278 | $490 | $362 | $22 | $108 | $1,285 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $152 | $262 | $320 | $18 | $96 | $848 | $71 |
| Camry SE | $152 | $308 | $320 | $18 | $96 | $894 | $75 |
| Camry XLE | $152 | $308 | $320 | $18 | $96 | $894 | $75 |
| Camry Hybrid | $172 | $308 | $362 | $22 | $108 | $972 | $81 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Prices do not factor in specific garaging location which can raise or lower prices substantially.
Based on these figures, using a $250 deductible could cost the average driver approximately $24 more each month or $288 annually averaged for all Camry models than selecting the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 31 months between claim filings, you would probably be better off if you choose the higher deductible.
Rate increases following a ticket or accident
The information below highlights how speeding tickets and fender-benders can influence Toyota Camry insurance premiums for each different age group. The data is based on a single male driver, full coverage, $250 deductibles, and no policy discounts are applied.
Gender differences in car insurance premiums
The diagram below compares Toyota Camry premium costs for male and female drivers. Data assumes a clean driving record, no claims, full physical damage coverage, $250 deductibles, drivers are not married, and no policy discounts are applied.
Cheap Portland auto insurance rates with discounts
Some providers don’t always advertise all available discounts in a way that’s easy to find, so the following is a list of both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.
- Save with a New Car – Buying a new car model is cheaper compared to insuring an older model.
- Student Driver Training – Have your child successfully take a driver’s education course if offered at their school.
- Use Seat Belts – Requiring all passengers to fasten their seat belts can save a little off the medical payments premium.
- Multi-line Discount – Larger auto insurance companies have a small discount if you purchase auto and life insurance together.
- Discount for Multiple Policies – If you have multiple policies and place coverage with the same company you could get a discount of over 10 percent off each policy depending on the company.
You can save money using discounts, but most of the big mark downs will not be given to the entire cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, that’s just not realistic.
The illustration below shows the difference between Toyota Camry insurance rates with and without discounts applied to the policy premium. Data assumes a female driver, no violations or claims, Oregon 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, homeowner, safe-driver, multi-car, and claim-free discounts applied.
A few companies who might offer most of the discounts above include:
When quoting, ask each company to apply every possible discount. Some of the discounts discussed earlier may not be available in every state. To find insurance companies with the best Toyota Camry insurance discounts in Portland, click here.
Auto insurance does more than just protect your car
Despite the high insurance cost for a Toyota Camry in Portland, paying for auto insurance is mandatory in Oregon but it also protects more than you think.
- Most states have mandatory liability insurance requirements which means you are required to buy specific limits of liability insurance in order to get the vehicle licensed. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you have a lien on your Toyota Camry, more than likely the lender will make it mandatory that you carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank or lender will purchase a policy for your Toyota for a much higher rate and require you to fork over for the much more expensive policy.
- Auto insurance preserves not only your car but also your financial assets. It will also provide coverage for all forms of medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also covers legal expenses if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the repair costs.
The benefits of insuring your Camry greatly outweigh the cost, particularly for liability claims. The average driver in Oregon is overpaying more than $820 a year so you should quote your policy with other companies each time the policy renews to save money.
Compare prices but buy from a neighborhood Portland auto insurance agent
Certain consumers still like to talk to an insurance agent and that is a smart decision Professional insurance agents are highly skilled in risk management and will help you if you have claims. A good thing about price shopping on the web is that you can obtain cheap rate quotes and still have an agent to talk to.
To help locate an agent, after submitting this quick form, the quote information is immediately sent to agents in your area who can give free rate quotes and help you find cheaper coverage. You don’t have to do any legwork due to the fact that quote results will go to your email. If for some reason you want to compare prices from one company in particular, feel free to go to their quote page and fill out the quote form the provide.
Picking an provider should depend on more than just a cheap price. Below are some questions you should ask.
- How are claims handled?
- Is the quote a firm price?
- Are they full-time agents?
- Who are their largest clients?
- How many years have they been established?
- What insurance companies do they recommend if they are an independent agent?
- Can glass claims be handled at your home?
If you are wanting to purchase insurance from local Portland agents, it’s important to understand the types of agencies and how they are slightly different. Insurance policy providers may be either independent agents or exclusive agents. Both can write insurance policies, but it’s important to point out the subtle differences because it may have an impact on buying decisions.
Exclusive Insurance Agencies
Agents in the exclusive channel normally can only provide a single company’s rates like Farmers Insurance, American Family, State Farm and Allstate. These agents are not able to place coverage with different providers so they have to upsell other benefits. Exclusive agencies are usually well trained on what they offer which helps them compete with independent agents. Many people purchase coverage from exclusives primarily because of high brand loyalty rather than having the cheapest rates.
Listed below are exclusive insurance agents in Portland that can give you rate quotes.
- Mark Nguyen – State Farm Insurance Agent
14146 SE Stark St – Portland, OR 97233 – (503) 253-2110 – View Map - American Family Insurance – Lee Cannon
8085 SE 16th Ave – Portland, OR 97202 – (503) 235-1545 – View Map - Allstate Insurance: Dick Hannah Insurance Agency
12345 E Burnside St – Portland, OR 97233 – (360) 816-8439 – View Map
Independent Agents (or Brokers)
Agents that elect to be independent do not write with just one company so as a result can place your coverage with a variety of different insurance companies and potentially find a lower price. If your premiums go up, they can switch companies in-house which makes it simple for you. If you need cheaper insurance rates, you will want to get several quotes from several independent agencies so that you have a good selection of quotes to compare. Most also write with small regional insurance companies that may provide cheaper insurance rates.
Listed below are independent insurance agents in Portland who can help you get comparison quotes.
- Wix Insurance Agency
8037 SE Stark St – Portland, OR 97215 – (503) 760-6826 – View Map - Metro One Insurance Agency
3423 S Telegraph Rd, Dearborn, MI 48124 – Dearborn, OR 48124 – (313) 456-9455 – View Map - Cundari Insurance
8309 SW 22nd Ave – Portland, OR 97219 – (503) 292-0075 – View Map
Upon getting positive feedback to these questions and an acceptable price quote, you may have just found an insurance agent that is professional and can service your policy. But remember, you are able to terminate your policy at any time so don’t think that you are obligated to any particular company for the entire policy term.