Save Money on Toyota Camry Insurance in Virginia Beach

It’s easy to assume that insurance companies don’t want you shop around. Insureds who shop rates annually are likely to switch car insurance companies because there is a high probability of finding lower prices. A recent survey found that consumers who compared prices once a year saved on average $70 a month compared to other drivers who never compared prices.

If finding budget-friendly rates on insurance is your objective, then having some knowledge of the best way to quote and compare insurance coverage can help simplify the process.

Insurance quote for Toyota Camry in Virginia BeachTruthfully, the best way to find affordable auto insurance rates is to compare prices regularly from insurance carriers that sell auto insurance in Virginia Beach. Price quotes can be compared by following these guidelines.

One thing to point out is to try to compare identical coverages on each quote request and and to get rates from as many carriers as you can. This ensures a fair rate comparison and a complete selection of prices.

The companies in the list below have been selected to offer quotes in Virginia Beach, VA. If your goal is to find cheaper car insurance in VA, we recommend you click on several of them in order to get a fair rate comparison.

Insurance just makes sense

Despite the fact that insurance is not cheap in Virginia Beach, maintaining insurance serves an important purpose.

The benefits of insuring your Camry are definitely more than the cost, especially with large liability claims. An average driver in America is overpaying more than $825 a year so compare rates at every renewal to be sure current rates are still competitive.

Data for Toyota Camry insurance

The table displayed next outlines estimates of coverage prices for Toyota Camry models. Learning a little about how auto insurance prices are figured helps drivers make smart choices when selecting a policy.


Toyota Camry Insurance Rates in Virginia Beach, VA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $252 $400 $338 $20 $100 $1,110 $93
Camry SE $252 $472 $338 $20 $100 $1,182 $99
Camry XLE $252 $472 $338 $20 $100 $1,182 $99
Camry Hybrid $284 $472 $380 $22 $114 $1,272 $106
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in vehicle location which can increase or decrease premiums considerably.

Deductible analysis

One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The figures shown below can help illustrate how much more rates are between high and low physical damage coverage deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second set of prices 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 $198 $336 $258 $16 $78 $911 $76
Camry SE $198 $394 $258 $16 $78 $969 $81
Camry XLE $198 $394 $258 $16 $78 $969 $81
Camry Hybrid $224 $394 $290 $18 $88 $1,039 $87
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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 $162 $270 $258 $16 $78 $784 $65
Camry SE $162 $318 $258 $16 $78 $832 $69
Camry XLE $162 $318 $258 $16 $78 $832 $69
Camry Hybrid $182 $318 $290 $18 $88 $896 $75
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can lower or raise coverage rates significantly.

Based on this data, using a $250 deductible costs about $11 more each month or $132 for a full year than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 23 months between claims, you would probably be better off if you choose a higher deductible.

Drive safe and save

The chart below highlights how traffic violations and at-fault fender-benders increase Toyota Camry insurance prices for different ages of insureds. The premiums are based on a single male driver, full coverage, $250 deductibles, and no discounts are factored in.

Auto insurance prices based on gender

The illustration below illustrates the difference between Toyota Camry yearly insurance costs for male and female drivers. The premiums assume no tickets, no at-fault accidents, full coverage, $250 deductibles, single marital status, and no discounts are applied.

Difference between liability only and full coverage rates

The chart below compares Toyota Camry annual premium costs with liability coverage only compared to full coverage. The costs are based on no claims or violations, $1,000 deductibles, drivers are not married, and no policy discounts are applied.

When to drop comp and collision

There is no definitive formula to stop buying full coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle’s replacement cost less your deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Toyota Camry settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $3,000 after the policy deductible has been paid. If you are paying over $300 a year to have full coverage, then you might want to think about dropping full coverage.

There are a few cases where dropping full coverage is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Get cheaper Toyota Camry insurance in Virginia Beach with discounts

Insurance is not cheap nor is it fun to buy but there could be significant discounts that may help make it more affordable. Certain discounts will be applied at the time of quoting, but once in a while a discount must be manually applied prior to receiving the credit. If you check and find you aren’t receiving every discount available, you could be saving more on your insurance.Insurance discounts

Policy discounts save money, but most credits do not apply to the entire policy premium. Most only apply to individual premiums such as comprehensive or collision. Even though it may seem like you can get free auto insurance, that’s just not realistic.

The chart below shows the difference between Toyota Camry car insurance rates with and without some available policy discounts. The data is based on a female driver, no driving violations, no at-fault accidents, Virginia state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, safe-driver, homeowner, multi-policy, and marriage discounts applied.

To locate insurance companies with discount insurance rates in Virginia Beach, click here to view.