Cheap Insurance for a Toyota Camry Hybrid in Lubbock

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Expensive Toyota Camry Hybrid insurance in Lubbock can stress out your monthly budget and make it impossible to make ends meet. Comparing rate quotes is free and is an excellent way to slash your bill and have more diposable income.

Discount Toyota Camry Hybrid insuranceSmart shoppers know that car insurance companies don't want customers comparing rates. People who get price quotes annually are likely to buy a new policy because they have good chances of finding a lower-priced company. Surprisingly, a recent survey revealed that drivers who routinely shopped for cheaper coverage saved about $850 each year compared to drivers who don't regularly compare prices.

If finding the best price on insurance is your ultimate goal, then having some insight into how to shop for coverage rates can help simplify the process.

Popular companies such as Allstate and Progressive constantly bombard you with catchy ads and it can be hard to see past the geckos and flying pigs and take the time to shop coverage around.

You should make it a habit to check car insurance prices every six months because insurance prices change frequently. Just because you had the best deal on Toyota Camry Hybrid insurance in Lubbock a year ago you can probably find a lower rate today. There are a lot of ways to save on Camry Hybrid insurance online, but in just a couple of minutes you can learn a bunch of ideas how to slash your car insurance rates in Lubbock.

If you're already insured, you will most likely be able to buy cheaper car insurance using the following tips. Locating the best rates in Lubbock is actually quite easy if you know where to start. But Texas car owners must understand the way insurance companies determine how much to charge because it can help you find the best coverage.

When quoting auto insurance, remember that comparing more quotes helps you find the best offered rates.

The companies shown below offer price comparisons in Lubbock, TX. If multiple companies are listed, we recommend you compare several of them in order to find the most affordable rates.

Auto insurance analysis for a Toyota Camry Hybrid

The premium information displayed next showcases a range of insurance costs for Toyota Camry Hybrid models. Being more informed about how auto insurance prices are figured can be of help when making informed decisions.

Toyota Camry Hybrid Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $256 $486 $404 $24 $122 $1,292 $108
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Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Prices do not factor in specific location information which can influence price quotes noticeably.

Raise deductibles and save

The hardest decision when buying coverage is which comprehensive and collision deductibles to buy. The rates shown below may help you to understand how much more rates are of buying low and high policy deductibles. The first set of rates uses a $250 deductible for physical damage and the second price chart uses a $1,000 deductible.

Toyota Camry Hybrid insurance premium estimates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $332 $584 $430 $26 $128 $1,525 $127
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Toyota Camry Hybrid insurance premium estimates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $206 $368 $430 $26 $128 $1,158 $97
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, multi-vehicle, and safe-driver. Prices do not factor in specific location information which can change insurance rates substantially.

We can derive from the above data that using a $250 deductible costs an average of $30 more each month or $360 annually averaged for all Camry Hybrid models than requesting the higher $1,000 deductible. Because you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you average more than 25 months between claims, you would come out ahead by selecting a higher deductible.

How to calculate if a higher deductible is a good decision

Average monthly premium for $250 deductibles: $127
Average monthly premium for $1,000 deductibles (subtract): - $97
Monthly savings from raising deductible: $30
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $30
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 25 months

Why you need insurance for your vehicle

Despite the high cost of buying insurance for a Toyota Camry Hybrid in Lubbock, insurance is not optional due to several reasons.

First, just about all states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability insurance if you don't want to risk a ticket. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.

Second, if you bought your Camry Hybrid with a loan, more than likely the lender will have a requirement that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender may have to buy a policy to insure your Toyota at an extremely high rate and require you to fork over the higher price.

Third, insurance preserves not only your vehicle but also your assets. It will also reimburse you for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If mother nature or an accident damages your car, your insurance policy will pay to repair the damage.

The benefits of having insurance greatly outweigh the cost, particularly when you have a large claim. But the average driver in Texas overpays as much as $865 each year so you should quote and compare rates once a year at a minimum to make sure the price is not too high.

Insurance agents can help

When it comes to buying coverage online or from an agent, there really is not a best way to insure your cars. Your needs are not the same as everyone else's.Safe vehicles cost less to insure

For instance, these questions might point out if your insurance needs would benefit from an agent's advice.

  • Why do I only qualify for high-risk insurance?
  • Does having multiple vehicles earn me a discount?
  • Does my car insurance cover rental cars?
  • Why do I have to buy liability insurance?
  • When does my teenage driver need to be added to my policy?
  • Can I use my car for my catering business?

If you don't know the answers to these questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form.

Parts of your insurance policy

Learning about specific coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle's occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as damage to your Toyota Camry Hybrid.

Since many Texas drivers only carry the minimum required liability limits (Texas limits are 30/60/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive (Other than Collision)

This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like a broken windshield, damage from a tornado or hurricane, hitting a deer and rock chips in glass. The maximum amount you'll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Medical expense insurance

Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as funeral costs, doctor visits, X-ray expenses and hospital visits. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible

Auto liability

This will cover damages or injuries you inflict on a person or their property. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 30/60/25 which stand for $30,000 in coverage for each person's injuries, a limit of $60,000 in injury protection per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for things like emergency aid, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but buy as large an amount as possible. Texas requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.

The chart below shows why the minimum limit may not be adequate.

Collision protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for things like sideswiping another vehicle, colliding with another moving vehicle, damaging your car on a curb and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible on your Camry Hybrid to bring the cost down.

Ratings for Lubbock car insurance companies

Selecting the best insurer can be difficult considering how many companies sell insurance in Lubbock. The ranking information in the next section may help you select which car insurance providers you want to consider when comparing rate quotes.

Top 10 Lubbock Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Lubbock Car Insurance Companies Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. AAA Insurance
  5. Safeco Insurance
  6. Progressive
  7. The Hartford
  8. The General
  9. 21st Century
  10. Esurance

Persistence will pay off

As you quote Lubbock auto insurance, it's very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, consumers will sacrifice liability limits or collision coverage only to regret that it was a big error on their part. Your strategy should be to buy a smart amount of coverage at a price you can afford, but do not sacrifice coverage to save money.

Insureds switch companies for a number of reasons such as questionable increases in premium, not issuing a premium refund, denial of a claim or high prices. No matter why you want to switch, finding a great new company can be less work than you think.

Lower-priced Toyota Camry Hybrid insurance in Lubbock can be purchased both online and also from your neighborhood Lubbock agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who do not provide price quotes online and usually these small insurance companies only sell coverage through independent agents.

Steps to finding better rates for Toyota Camry Hybrid insurance in Lubbock

It takes a few minutes, but the best way to find affordable auto insurance rates in Lubbock is to begin comparing prices regularly from insurance carriers that sell auto insurance in Texas. Prices can be compared by following these steps.

  1. Try to understand how insurance companies determine prices and the modifications you can make to prevent high rates. Many rating factors that cause high rates like speeding tickets, accidents and a less-than-favorable credit score can be rectified by making minor driving habit or lifestyle changes.
  2. Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can provide prices from multiple insurance companies.
  3. Compare the new rates to your existing coverage and see if you can save money. If you can save money and buy the policy, make sure there is no lapse in coverage.
  4. Notify your company or agent of your decision to cancel your existing policy and submit a completed policy application and payment to the newly selected company. Once the paperwork is finalized, place your new certificate verifying proof of insurance with your registration paperwork.

One thing to point out is to make sure you enter identical coverage information on each quote request and and to get prices from as many companies as you can. This provides an apples-to-apples comparison and maximum price selection.

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