Astonishing but true, 70% of consumers have stayed with the same insurance company for a minimum of four years, and practically 40% of insurance customers have never compared rates from other carriers. Consumers in Boston could pocket up to $600 a year, but most just don’t grasp the large savings they would see if they swap their current policy for a cheaper one.
The best way to get the cheapest Toyota Camry Hybrid insurance in Boston is to compare quotes annually from insurers who provide car insurance in Massachusetts.
First, learn about how your policy works and the steps you can take to prevent expensive coverage. Many rating criteria that increase rates like careless driving and an imperfect credit history can be remedied by making minor changes to your lifestyle. Continue reading for additional ideas to help prevent expensive coverage and find missing discounts.
Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive and State Farm, while independent agencies can provide rate quotes for a wide range of insurance providers.
Third, compare the new rates to the premium of your current policy to see if a cheaper rate is available in Boston. If you find a better price and change companies, verify that coverage does not lapse between policies.
Fourth, tell your current agent or company of your intention to cancel your current coverage and submit a down payment along with a completed application to your new company or agent. Once the application is submitted, keep the new certificate verifying coverage somewhere easily accessible.
One key aspect when comparing rates is to try to compare the same amount of coverage on every quote request and to quote with as many companies as you can. This enables the most accurate price comparison and the best price selection.
Most of the larger companies such as 21st Century, Allstate and State Farm allow consumers to get prices for coverage direct online. Doing online quotes for Toyota Camry Hybrid insurance in Boston is fairly straightforward as you just enter your coverage preferences on the page. After you submit the form the quote system obtains credit information and your driving record and gives you a price quote. Quoting online for Toyota Camry Hybrid insurance in Boston makes comparing rates easy, and it’s very important to have as many quotes as possible in order to find affordable rates.
In order to compare rates using this form now, compare quotes from the companies shown below. If you have your current policy handy, we recommend you enter your coverages identical to your current policy. This ensures you will have comparison quotes for similar insurance coverage.
The companies shown below are ready to provide comparison quotes in Boston, MA. To buy cheap car insurance in Massachusetts, we recommend you compare several of them to get the best price comparison.
Data for Toyota Camry Hybrid insurance
The information displayed below showcases detailed analysis of insurance coverage prices for Toyota Camry Hybrid models. Learning how auto insurance prices are determined can help guide drivers when making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $172 | $364 | $490 | $30 | $146 | $1,202 | $100 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Massachusetts minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Rate quotes do not factor in Boston location which can modify coverage rates greatly.
Choosing deductibles
The hardest decision when buying coverage is what deductibles to buy. The tables below can help you understand the cost difference between low and high deductibles. The first rate table uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $292 | $512 | $378 | $22 | $114 | $1,343 | $112 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $180 | $322 | $378 | $22 | $114 | $1,016 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Massachusetts minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rate information does not factor in Boston location which can change insurance rates greatly.
Based on the figures above, using a $250 deductible costs about $27 more each month or $324 every year averaged for all Camry Hybrid models than requesting the higher $1,000 deductible. Since you would pay $750 more out of your own pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 28 months between claims, you would probably save some money if you choose a higher deductible.
Calculate deductible break even point
| Average monthly premium for $250 deductibles: | $112 |
| Average monthly premium for $1,000 deductibles (subtract): | – $85 |
| Monthly savings from raising deductible: | $27 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $27 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 28 months |
Bad driving habits will cost you more
The example below shows how traffic citations and at-fault claims impact Toyota Camry Hybrid insurance prices for different age categories. The costs are based on a married male driver, comp and collision included, $100 deductibles, and no additional discounts are factored in.
Annual premiums for males versus females
The diagram below shows the comparison of Toyota Camry Hybrid car insurance rates for male and female drivers. The premiums assume no accidents or driving violations, comp and collision included, $250 deductibles, single status, and no discounts are applied.
Full coverage versus liability-only in Boston
The example below visualizes the comparison of Toyota Camry Hybrid yearly insurance costs with and without physical damage coverage. The price estimates are based on no claims or driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.
When to drop comprehensive and collision coverage
There is no exact formula of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s pretend your Toyota Camry Hybrid settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $5,000 after you pay the deductible. If premiums are more than $500 annually to have full coverage, then it may be the right time to buy liability only.
There are some circumstances where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
Insuring your Toyota vehicle just makes sense
Despite the fact that auto insurance is not cheap in Boston, maintaining insurance may be required and benefits you in several ways.
- The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability if you drive a vehicle. In Massachusetts these limits are 20/40/5 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If your Camry Hybrid has a lienholder, almost every bank will stipulate that you have insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Toyota for a lot more money and require you to pay for the expensive policy.
- Auto insurance protects not only your vehicle but also your assets. It will also pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, your policy will pay to repair the damage.
The benefits of having auto insurance are definitely more than the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver overpays more than $850 per year so we recommend shopping around each time the policy renews to be sure current rates are still competitive.
How do Insurers Determine Toyota Camry Hybrid Insurance Rates?
Many different elements are part of the calculation when you get your auto insurance bill. Some are obvious such as your driving record, but some are less obvious like your continuous coverage or your commute time.
The list below includes most of the major factors used by your company to calculate your rate level.
- Rental and towing coverage may not be needed – Insurance companies have many extra add-on coverages that may not really be needed if you aren’t diligent. Coverages for replacement cost coverage, accident forgiveness, and Farm Bureau memberships are examples of these. They may seem like a good idea when deciding what coverages you need, but your money might be better spent on other coverage so think about removing them and cutting costs.
- Pay more of a claim out-of-pocket – Deductibles for physical damage tell how much you are willing to pay in the event of a claim. Protection for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of covered claims would be a windshield broken by a bird, damage from fire, and having a roll-over accident. The more money the insured is willing to pay, the better rate you will receive.
- Proper usage rating affects rates – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. Most companies calculate prices determined by how the vehicle is used. Cars and trucks that have low annual miles can be on a lower rate level than those that get driven frequently. A policy that improperly rates your Camry Hybrid may be costing you. It’s always a good idea to double check that your policy reflects the right rating data.
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Influences performance influences auto insurance costs – The performance level of the vehicle you need to insure makes a huge difference in the rate you pay. The lowest rates will generally be found on small economy passenger vehicles, but the final cost of insurance is determined by many other factors.
The data below uses these assumptions: single female driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It compares Toyota Camry Hybrid insurance premiums compared to other models that have different performances.
- Having a spouse reduces risk – Having a wife or husband can get you a discount when shopping for auto insurance. It translates into being more financially stable and it’s proven that married drivers tend to file fewer claims.
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Toyota Camry Hybrid claim probability – Insurance companies take into consideration insurance loss statistics for every vehicle to help determine the rate you pay. Vehicles that have higher frequency or amount of claims will have increased rates. The next table shows the insurance loss data used by companies for Toyota Camry Hybrid vehicles.
For each coverage type, the claim amount for all vehicles, regardless of make or model, is equal to 100. Values below 100 suggest a positive loss record, while values that are 100 or greater indicate higher probability of having a loss or tendency to have higher losses.
Toyota Camry Hybrid Insurance Loss Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Camry Hybrid 124 100 110 118 127 96 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Cheaper rates on Toyota Camry Hybrid insurance in Boston with these auto insurance discounts
Companies don’t necessarily list every discount they offer in an easy-to-find place, so the next list breaks down a few of the more common and also the lesser-known credits available to you.
- Anti-lock Brakes – Cars with anti-lock braking systems can avoid accidents and the ABS can save up to 10%.
- New Car Discount – Insuring a vehicle that is new can save up to 30% because new model year vehicles have to meet stringent safety requirements.
- Life Insurance Discount – Larger companies have better rates if you take out some life insurance too.
- Anti-theft Discount – Anti-theft and alarm system equipped vehicles are less likely to be stolen and earn discounts up to 10% off your Boston car insurance quote.
- Multi-policy Discount – When you combine your auto and home insurance with one company you could save up to 20% and get you cheaper Camry Hybrid insurance.
Remember that some of the credits will not apply to the entire policy premium. Most only apply to the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like you would end up receiving a 100% discount, nobody gets a free ride. Any amount of discount should help lower your policy premiums.
The diagram below visualizes the comparison of Toyota Camry Hybrid auto insurance rates with and without discounts applied to the policy premium. The premiums assume a female driver, no claims, a clean driving record, Massachusetts state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-car, claim-free, multi-policy, and marriage discounts applied.
Companies and their offered discounts are:
- State Farm offers discounts including multiple autos, Steer Clear safe driver discount, good student, accident-free, and safe vehicle.
- Liberty Mutual includes discounts for exclusive group savings, new move discount, newly married, teen driver discount, and newly retired.
- American Family policyholders can earn discounts including TimeAway discount, early bird, good student, accident-free, bundled insurance, defensive driver, and multi-vehicle.
- Progressive may include discounts for online quote discount, good student, multi-vehicle, continuous coverage, multi-policy, and homeowner.
- Farmers Insurance may have discounts that include distant student, homeowner, bundle discounts, switch companies, and teen driver.
- Auto-Owners Insurance has discounts for paperless, safe driver, paid in full, multi-policy, and student away at school.
- SAFECO may offer discounts for teen safe driver, multi-car, bundle discounts, drive less, teen safety rewards, and safe driver.
If you are trying to find cheaper Boston car insurance quotes, ask each company or agent which credits you are entitled to. Some discounts listed above might not apply in your area. To choose insurance companies that offer many of these discounts in Massachusetts, click here.
Insurance agents can help
Always remember that when buying a policy for your vehicles, there isn’t really a “perfect” insurance plan. You are unique and your policy should reflect that.
For instance, these questions might help in determining if your situation might need professional guidance.
- What are the financial responsibility laws in my state?
- Is my babysitter covered when using my vehicle?
- Does insurance cover tools stolen from my truck?
- Which companies will insure high-risk drivers?
- Is my custom stereo system covered?
- What are the best liability limits?
- Do I need to call my car insurance company before buying a new car?
- What discounts do I qualify for?
- Should I pay a claim out-of-pocket?
- Am I covered when pulling a rental trailer?
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Local Boston insurance agents
Certain consumers would rather buy from a local agent and that can be a smart move Good agents can help you choose the best coverages and help you file claims. An additional benefit of getting free rate quotes online is you may find cheap rate quotes but still work with a licensed agent. And providing support for local agencies is important particularly in Boston.
To find an agent, once you fill out this short form, your insurance data is sent to agents in your area who will return price quotes for your insurance coverage. You never need to search for any insurance agencies because prices are sent to you directly. If you need to get a rate quote from a specific insurance provider, you can always find their quoting web page and submit a quote form there.
Pick the best auto insurance agent in Boston for you
If you would like to find a good Boston insurance agent, you need to know there are two types of insurance agents and how they differ in how they quote coverages. Insurance agencies can be categorized as either independent or exclusive depending on the company they work for. Both write insurance policies, but it’s good to learn the difference in how they write coverage since it may influence which agent you choose.
Independent Insurance Agents
These type of agents are not locked into one company so they can insure your vehicles with a variety of different insurance companies and find the cheapest insurance rates. If your premiums go up, your policy is moved internally and you don’t have to switch agencies.
When shopping rates, it’s a good idea to include price quotes from multiple independent agents so that you have a good selection of quotes to compare.
The following is a partial list of independent insurance agencies in Boston who can help you get free insurance rate quotes.
State Fund Insurance
#1601, 100 Summer St – Boston, MA 02110 – (617) 956-9999 – View Map
Warren Insurance
764 Blue Hill Avenue – Boston, MA 02124 – (617) 265-1414 – View Map
Sbhu Life Insurance Agency: Weinstein Keith
28 State St # 25 – Boston, MA 02109 – (617) 570-9519 – View Map
Exclusive Agencies
These agents normally can only provide a single company’s rates like Allstate, State Farm and Farmers Insurance. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive agencies are well trained on sales techniques and that allows them to sell at a higher price point.
The following are exclusive insurance agents in Boston who can help you get comparison quotes.
Allstate Insurance: Abner Joseph
571 Dudley St Ste A – Boston, MA 02125 – (617) 442-9490 – View Map
AAA Boston
125 High St – Boston, MA 02110 – (617) 443-9300 – View Map
Picking a insurance agent should depend on more than just the price. These are some questions your agent should answer.
- Are there any discounts for paying up front?
- Do they make recommendations based only on price?
- Is assistance available after office hours?
- Does the company allow you to choose your own collision repair facility?
- How will an accident affect your rates?
Best auto insurance in Boston
Choosing the highest-rated insurance provider can be challenging considering how many different companies insure vehicles in Boston. The ranking information shown below may help you pick which car insurance companies to look at to insure your vehicles.
Top 10 Boston Car Insurance Companies Ranked by Claims Service
- Progressive
- USAA
- Liberty Mutual
- State Farm
- GEICO
- Titan Insurance
- Nationwide
- Allstate
- The General
- 21st Century
You can lower your auto insurance rates
Affordable Toyota Camry Hybrid insurance in Boston is available on the web and also from your neighborhood Boston agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers may not provide the ability to get quotes online and usually these smaller providers only sell through independent agents.
As you restructure your insurance plan, never reduce needed coverages to save money. There are a lot of situations where someone dropped full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at the best possible price, but don’t skip important coverages to save money.
Additional auto insurance information can be read at these links:
- Where can I buy Insurance? (Insurance Information Institute)
- How Much are Auto Insurance Quotes for Teenage Females in Boston? (FAQ)
- Who Has Cheap Boston Car Insurance Rates for Retired Military? (FAQ)
- What Auto Insurance is Cheapest for Teachers in Boston? (FAQ)
- Who Has Affordable Auto Insurance for a Ford F-150 in Boston? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Immigrants in Boston? (FAQ)
- Who Has Cheap Boston Auto Insurance for Lyft Drivers? (FAQ)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)
- What Does No-Fault Insurance Cover? (Allstate)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)