Insurance rates Toyota Camry in HonoluluDo you want to save money by buying cheaper car insurance rates in Honolulu, HI? Honolulu drivers have lots of choices when trying to find affordable Toyota Camry insurance. They can either waste time contacting agents trying to get quotes or save time using the internet to get rate quotes. There are both good and bad ways to shop for car insurance and you need to know the quickest way to price shop coverage for a Toyota and locate the best price possible either online or from Honolulu insurance agents.

Amazingly, over 70% of drivers have purchased from the same company for at least four years, and roughly 40% of drivers have never taken the time to shop around. Most drivers in Hawaii could save themselves nearly 40% a year just by getting comparison quotes, but they underestimate the benefits if they changed companies.

Finding a lower price on Toyota Camry insurance is an easy way to save money. Just spend a few minutes on the computer comparing rates provided by online insurance companies.

The companies shown below can provide comparison quotes in Hawaii. If multiple companies are shown, we recommend you visit several of them in order to get a fair rate comparison.

Toyota Camry Insurance Price Estimates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $234 $344 $346 $20 $104 $1,048 $87
Camry SE $228 $500 $358 $22 $106 $1,214 $101
Camry XLE $196 $500 $300 $18 $90 $1,104 $92
Camry Hybrid $264 $406 $392 $24 $118 $1,204 $100
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Price information does not factor in specific garaging location which can change coverage rates noticeably.

Gender-based car insurance rates by age

The information below illustrates the comparison of Toyota Camry yearly insurance costs for male and female drivers. Data assumes no violations or claims, comp and collision included, $100 deductibles, drivers are single, and no discounts are taken into consideration.

Car insurance deductibles

One frequently asked question is how high should your deductibles be. The figures shown below can help show the differences in price when you choose different policy deductibles. The first rate table uses a $250 deductible and the second set of rates uses a $500 deductible.

Toyota Camry insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $204 $344 $264 $16 $80 $933 $78
Camry SE $204 $406 $264 $16 $80 $995 $83
Camry XLE $204 $406 $264 $16 $80 $995 $83
Camry Hybrid $230 $406 $300 $18 $90 $1,069 $89
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Toyota Camry insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $166 $278 $264 $16 $80 $804 $67
Camry SE $166 $328 $264 $16 $80 $854 $71
Camry XLE $166 $328 $264 $16 $80 $854 $71
Camry Hybrid $188 $328 $300 $18 $90 $924 $77
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in your specific Honolulu location which can modify premium rates considerably.

We can derive from the above data that using a $250 deductible will cost you roughly $11 more each month or $132 annually than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average at least 23 months between claims, you would probably save some money going with the higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $83
Average monthly premium for $500 deductibles (subtract): - $72
Monthly savings from raising deductible: $11
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $11
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

Reduce your auto insurance rates with discounts

Car insurance companies do not list every disount available very clearly, so here is a list both the well known and also the more inconspicuous credits available to lower your premiums when you buy Honolulu auto insurance online.Discount auto insurance

Please keep in mind that some of the credits will not apply to the whole policy. Most only apply to the price of certain insurance coverages like comp or med pay. Just because you may think all those discounts means the company will pay you, you're out of luck. Any amount of discount should help reduce your policy cost.

Some of the insurance companies that may offer quotes with these discounts are:

Check with each insurance company to apply every possible discount. Some credits may not be offered in Honolulu.

Buying from insurance agents

Some consumers just prefer to have an agent's advice. Insurance agents can help you choose the best coverages and will help you if you have claims. One of the great benefits of comparing insurance online is the fact that you can find better rates and still have a local agent.

Honolulu insurance agentsTo find an agent, once you fill out this simple form, your information is submitted to companies in Honolulu who will give you quotes for your business. You won't need to drive around because prices are sent immediately to your email address. If you want to get a comparison quote from a particular provider, just find their quoting web page and submit a quote form there.

Choosing the best company should depend on more than just a cheap price quote. The questions below may impact your decision as well.

What types of auto insurance agents are in Honolulu?

If you want to buy insurance from a local Honolulu insurance agent, it's helpful to know the types of insurance agents and how they can write your policy. Agents may be either exclusive or independent agents depending on their company appointments. Both types of agents can write policy coverage, but it's important to know why they differ because it can influence your agent selection.

Exclusive Insurance Agencies

Exclusive insurance agents can only write with one company such as American Family, State Farm, and Allstate. These agents are unable to compare rates from other companies so you might not find the best rates. Exclusive insurance agents are well schooled on their products and sales techniques and that can be a competitive advantage. Drivers often buy from exclusive agents partially due to the brand legacy and the convenience of having all coverages with one company.

Listed below are Honolulu exclusive insurance agents that can give you price quote information.

More Honolulu agents

Independent Insurance Agents

These agents are not employed by one company and that gives them the ability to insure with any number of different companies and help determine which has the cheapest rates. If they find a cheaper price, they simply move your policy to a different company and the insured can keep the same agent. When comparing insurance rates, you need to check rates from at a minimum one independent agency to have the best price comparison. Most can insure with less well-known companies which may have better rates.

Listed below is a list of independent agencies in Honolulu that can give you price quote information.

More Honolulu agents

How Your Camry Insurance Rates are Determined

When buying insurance it's important to understand some of the things that help determine your policy premiums. When consumers understand what impacts premium levels, this enables you to make decisions that could result in lower premium levels. Many factors are used in the calculation when you get your auto insurance bill. Some are pretty understandable like your driving record, although others are not quite as obvious like where you live and annual miles driven.

The list below includes a few of the things that factor into your premiums.

Why do I need car insurance?

Despite the high insurance cost for a Toyota Camry in Honolulu, buying auto insurance may be mandatory for several reasons.

The benefits of insuring your Camry definitely exceed the cost, especially if you ever need it. But the average American driver overpays as much as $830 a year so compare rates once a year at a minimum to help ensure money is not being wasted.

Lower rates by being persistent

People change insurance companies for many reasons like high prices, delays in paying claims, high rates after DUI convictions or questionable increases in premium. Regardless of your reason, finding the right car insurance provider is not as hard as you think.

Cost effective Toyota Camry insurance can be found online as well as from insurance agents, and you need to comparison shop both to get a complete price analysis. A few companies do not offer the ability to get quotes online and these regional carriers only sell through local independent agencies.

We just showed you quite a bit of information on how to reduce Toyota Camry insurance prices online in Honolulu. The most important thing to understand is the more companies you get rates for, the better chance you'll have of finding inexpensive Honolulu auto insurance quotes. Consumers could even find that the lowest prices come from the least-expected company.

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