Finding cheap auto insurance for a Toyota Camry in Nevada hinges on a complicated rating formula that uses factors such as when you were born, where you live, and your motor vehicle report. Nevada drivers will pay on average $900 per year to insure their Camry, but that figure is a valuation based upon a 30-year-old married female driver with both comprehensive and collision coverage and $250 deductibles.
But there is a high probability that you may not be 30 years old (or even female), you might be single instead of married, or maybe you just want liability only. Having even a minor difference in rating variables or coverage information can result in a big discrepancy in the policy cost.
Auto insurance is not the same for everyone, so the best method for finding the cheapest rates for your Toyota is to compare as many rates as you can.
Cheapest Toyota Camry Insurance Rates
The trim level of your vehicle will likely have an effect on the annual cost of coverage, so the price you will pay to insure a Camry LE will be $158 less than the price to insure the more expensive Camry Hybrid version, as shown by the rates below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $230 | $394 | $314 | $18 | $94 | $1,050 | $88 |
| Camry SE | $230 | $464 | $314 | $18 | $94 | $1,120 | $93 |
| Camry XLE | $230 | $464 | $314 | $18 | $94 | $1,120 | $93 |
| Camry Hybrid | $260 | $464 | $356 | $22 | $106 | $1,208 | $101 |
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Prices based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Nevada minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Information does not factor in vehicle garaging location which can affect insurance rates substantially.
What is the best car insurance company in Nevada?
Buying coverage from the top auto insurance provider can be rather challenging considering how many different insurance companies sell coverage in Henderson. The rank data shown below can help you analyze which auto insurers to look at when looking for cheaper rates. The rankings below are only made up of companies with a nationwide focus, so companies without a large exposure are not factored into these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
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Data Source: Insure.com Best Car Insurance Companies
Violations and accidents raise rates
A great way to maintain low car insurance prices for a Camry is to be a safe driver and have a clean driving record. The information below shows how violations and accidents can drive up premium costs for different age groups. The information is based on a single male driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.
In the chart above, the average cost of auto insurance in Nevada per year with no violations or accidents is $1,616. Factor in two speeding tickets and the average cost swells to $2,131, an increase of $515 each year. Now add in one accident along with the two speeding tickets and the annual cost of car insurance for a Toyota Camry increases to an average of $2,661. That’s an increase of $1,045, or $87 per month, just for not driving safely!
Price comparison of only insuring for liability
Saving money on car insurance is the goal of most people, and one good way to pay lower rates for insurance for a Toyota Camry is to not buy comprehensive and collision coverage. The chart below illustrates the comparison of premium costs when comparing full coverage to liability only. The data assumes no violations or accidents, $250 deductibles, drivers are not married, and no discounts are applied.
As an average for all age groups, physical damage coverage costs $2,053 per year more than insuring for liability only. A very common question is if paying for full coverage is worth it. There is no definitive formula for phasing out physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.
For example, let’s say your vehicle’s replacement cost is $11,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $10,000 after the policy deductible has been paid. If it’s costing you more than $1,000 annually for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some situations where dropping full coverage is not in your best interest. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not opt for liability only.
Who has the cheapest Camry insurance?
Henderson, NV car insurance rates are impacted by many factors that may substantially change the price you have to pay for coverage. Improving your credit rating, adding a teenager to your policy, or getting a DUI can produce rate changes that can make some companies cheaper than competitors.
In addition, companies amend pricing as needed in order to maintain liquidity for claims. Higher than normal claims can cause increased policy costs, while lower claims can produce lower-cost Camry insurance rates.
To illustrate this example, the graph below analyzes the cheapest car insurance in Henderson, NV for a 40-year-old female driver with no accidents or violations, and solid credit. If we look at prices based on her current risk profile, Allied has the lowest car insurance rates in Henderson at $1,431 each year. This is $143 less than the average rate paid by Nevada drivers of $1,574. Travelers, Capital, Oregon Mutual, and American Family are the remaining cheapest Henderson, NV auto insurance companies.
In the next rate comparison, we’ll give the driver from the first rate comparison an at-fault accident, a little lower credit rating, and a few traffic violations. Since each company has their own process for setting prices, getting updated rate quotes may now present a slightly different list of the cheapest car insurance companies in Henderson as shown below.
GEICO now has the lowest car insurance rate in Henderson, NV with Nationwide, Safeco, Capital, and USAA now being in the top five. This example illustrates why it is critical to shop around to find the most budget-friendly auto insurance rates for a Toyota Camry.
Insurance prices can be altered by many risk factors and can change without notice, so the lowest-price company three years ago may now be one of the higher cost companies.
How to find economical insurance for a Toyota Camry
The list below details some thrifty suggestions that can help Nevada drivers locate more affordable coverage.
- Do not file small claims
- Buying home and auto together can help save money
- At-fault accidents will increase rates
- Good credit can save money
- Raise deductibles to save money
- Speeding tickets and other violations increase rates
- Compare rates often to find the best deal
That last piece of advice is notably important, as was noted in the prior information. Prices charged by companies can change considerably based on profitability, so don’t be unwilling to switch carriers if a better rate can be found. Many drivers have brand loyalty and that’s fine, but it isn’t a good idea if that dedication is costing hundreds of dollars a year. It takes less than five minutes to shop around to find cheaper auto insurance for a Toyota Camry in Henderson.
The agents below are willing to provide answers to your questions and help you determine which insurance coverage you need, as many people would rather get help from a professional when trying to find the best insurance rates for a Camry. It can be time-consuming to find coverage yourself, and a professional agent can provide peace of mind knowing your coverage gives you adequate coverage if you have an accident or claim.
To locate a Henderson car insurance agency close to where you live, click the link at the bottom or click here to compare price quotes.
- Dino DeGregorio – State Farm Insurance Agent
3037 W Hrzn Rg Pkwy Ste 100 – Henderson, NV 89052 – (702) 982-0696 - State Farm: Carl Endorf
120 S Green Valley Pkwy #164 – Henderson, NV 89012 – (702) 834-7070 - Carl R Forman Insurance Agency
70 E Horizon Ridge Pkwy – Henderson, NV 89002 – (702) 732-7675