Really, the only way to find better pricing on auto insurance rates is to begin comparing prices regularly from insurance carriers in Kansas City. This can be done by following these steps.
First, try to comprehend how companies set rates and the measures you can take to prevent high rates. Many rating factors that increase rates like accidents, careless driving, and a bad credit score can be amended by paying attention to minor details. Later in this article we will cover additional ideas to help prevent high rates and get discounts that may be available to you.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while independent agents can quote prices for a wide range of companies.
Third, compare the new rate quotes to your existing coverage to see if a cheaper rate is available in Kansas City. If you can save money and make a switch, make sure there is no lapse in coverage.
An important note is to use identical deductibles and limits on each price quote and and to analyze as many companies as you can. Doing this ensures an apples-to-apples comparison and a complete rate analysis.
Astonishing but true according to a recent study, a large majority of drivers have purchased from the same company for four years or more, and about 40% of consumers have never compared quotes from other companies. With the average insurance premium being $1,469, Kansas City drivers could save themselves almost $320 a year, but they underestimate the amount of savings they would get if they just switched companies.
Low Cost companies for Toyota Camry insurance
The following companies are our best choices to provide quotes in Kansas City, MO. If you want the best auto insurance in Kansas City, it's a good idea that you visit as many as you can to get the best price comparison.
Statistics and details
The table shown next outlines estimates of insurance policy prices for Toyota Camry models. Learning how auto insurance premiums are calculated can help customers make decisions on the best policy to buy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Missouri minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rates do not factor in vehicle location which can affect rates substantially.
Impact of citations and accidents on insurance rates
The illustration below demonstrates how traffic citations and at-fault fender-benders drive up Toyota Camry yearly insurance costs for different ages of insureds. The price estimates are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
Rate difference between full and liability-only coverage
The information below visualizes the comparison of Toyota Camry premium costs with full coverage compared to only the Missouri minimum liability coverage. The price estimates are based on a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no discounts are applied.
Guidelines for eliminating full coverage
There isn't a steadfast formula to stop paying for comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
For example, let's say your Toyota Camry replacement cost is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $8,000 after the policy deductible has been paid. If you are paying over $800 a year to have full coverage, then you might want to think about dropping full coverage.
There are some scenarios where dropping physical damage coverage is not in your best interest. If you haven't paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage in place.
Cheap Kansas City insurance rates with discounts
Not too many consumers would say insurance is affordable, but you might already qualify for some discounts that you may not know about. Some discounts will apply when you get a quote, but some need to be asked about before being credited.
- Passive Restraints - Vehicles with factory air bags may get savings of 20% or more.
- Smart Student Discounts - Getting good grades can earn a discount of 20% or more. You can use this discount normally until age 25.
- Service Members Pay Less - Being deployed with a military unit may qualify for rate reductions.
- Online Discount - A few larger online companies will provide an incentive for completing your application over the internet.
- Theft Deterrent - Cars, trucks, and SUVs optioned with advanced anti-theft systems can help prevent theft and earn discounts up to 10% off your Kansas City auto insurance quote.
- Defensive Driver Discounts - Participating in a defensive driving class could earn you a small percentage discount and easily recoup the cost of the course.
As is typical with insurance, some of the credits will not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. So even though you would think you can get free auto insurance, nobody gets a free ride. But all discounts will positively reduce your premiums.
The example below compares Toyota Camry insurance costs with and without discounts applied to the policy rates. The data is based on a male driver, no driving violations, no at-fault accidents, Missouri state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, homeowner, claim-free, and safe-driver discounts applied.
Large insurance companies and a selection of discounts include:
- Farm Bureau offers premium reductions for renewal discount, driver training, youthful driver, multi-vehicle, good student, safe driver, and multi-policy.
- State Farm offers discounts for multiple policy, safe vehicle, student away at school, Drive Safe & Save, Steer Clear safe driver discount, and good student.
- Progressive has discounts for multi-policy, continuous coverage, good student, online quote discount, homeowner, and online signing.
- Allstate may include discounts for farm vehicle, senior citizen, EZ pay plan discount, safe driver, auto/life discount, and new car.
- Nationwide discounts include defensive driving, business or organization, Farm Bureau membership, good student, and anti-theft.
- MetLife includes discounts for accident-free, defensive driver, good student, claim-free, multi-policy, good driver
If you want the cheapest Toyota Camry rate quotes, ask each insurance company how you can save money. Some credits may not apply in your state.
Informed Decisions Result in Lower Insurance Premiums
Lots of things are used in the calculation when you get a price on insurance. Some of the criteria are obvious like your driving record, although others are more transparent such as whether you are married and annual miles driven.
Shown below are some of the factors used by your company to calculate your prices.
Save money with alarms and GPS tracking - Choosing to buy a car that has a built-in theft deterrent system can help bring down rates. Theft prevention devices like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help stop auto theft.
Always keep your policy in place - Allowing your car insurance policy to lapse is a guaranteed way to drive up your policy premiums. And not only will your rates increase, getting caught without coverage may earn you fines or a revoked license. You may need to file a SR-22 with the Missouri motor vehicle department to get your license reinstated.
Pleasure use saves money - The higher the mileage driven in a year the more you'll pay to insure your vehicle. The majority of insurers rate vehicles partially by how you use the vehicle. Autos that are left in the garage receive lower rates than those used for commuting. Incorrect rating for your Camry may be costing you. It's a smart idea to ensure your vehicle rating is rated on annual mileage.
Physical damage deductibles are a factor - The deductibles define the amount you are willing to pay if the claim is covered. Protection for physical damage, also called comprehensive and collision insurance, is used to repair damage to your car. Some examples of covered claims would be rear-ending another vehicle, fire damage, and damage caused by road hazards. The more money you are required to pay out-of-pocket, the lower your rates will be.
Drive a safer car and pay less - Cars with high safety ratings can get you lower premiums. Safe vehicles reduce injuries and lower injury rates translates directly to fewer claims and thus lower rates.
Does car insurance cost more for men? - Statistics show females are less aggressive when driving. That doesn't necessarily mean that men are worse drivers. Men and women have fender benders at a similar rate, but the men have accidents that have higher claims. Men also tend to get more serious tickets such as DWI and reckless driving.
The example below shows the difference between Toyota Camry auto insurance rates for male and female drivers. The information is based on a clean driving record, no claims, comprehensive and collision coverage, $500 deductibles, single status, and no discounts are applied.
Toyota Camry claim data - Companies analyze claim trends for every vehicle to determine a price that will be profitable for them. Models that are shown to have higher loss trends will cost more for specific coverages. The table below shows the historical insurance loss data for Toyota Camry vehicles.
For each policy coverage type, the loss probability for all vehicles combined as an average is a value of 100. Percentage values below 100 indicate a favorable loss history, while percentages above 100 indicate more frequent claims or larger claims.
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Camry Hybrid||124||100||110||118||127||96|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance agents can find coverage gaps
A lot of people still prefer to get professional advice from a licensed agent and that is a smart decision Most agents are very good at helping people manage risk and help submit paperwork. A nice benefit of comparing insurance prices online is you may find better rates and still have a local agent.
For easy comparison, once you complete this simple form, your information is emailed to local insurance agents who will return price quotes for your coverage. You never need to leave your computer because prices are sent immediately to your email address. If for some reason you want to get a rate quote from a particular provider, don't hesitate to go to their quote page and submit a quote form there.
Finding the right company requires you to look at more than just a cheap price. Any good agent in Kansas City should know the answers to these questions.
- Will you work with the agent or an assistant?
- What discounts might you be missing?
- How much experience to they have in personal lines coverages?
- Do they have a Better Business Bureau rating in Kansas City?
- Do they offer rental car reimbursement?
- How many years have they been established?
Find cheap auto insurance rates by comparing often
Cheap Toyota Camry insurance in Kansas City can be purchased online and also from your neighborhood Kansas City agents, so you need to quote Kansas City auto insurance with both to get a complete price analysis. Some insurance providers don't offer rate quotes online and many times these smaller companies provide coverage only through local independent agents.
When getting Kansas City auto insurance quotes online, it's very important that you do not skimp on critical coverages to save a buck or two. In too many instances, an insured dropped physical damage coverage only to find out that the savings was not a smart move. The goal is to find the BEST coverage at the best price.
We've covered a lot of information how to shop for Toyota Camry insurance online. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the biggest savings come from a smaller regional carrier. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.
To learn more, link through to these articles:
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Who Has the Cheapest Auto Insurance Quotes for College Graduates in Kansas City? (FAQ)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Senior Drivers (Insurance Information Institute)