Buying competitive coverage for a Toyota Camry in Nebraska relies on many rating criteria such as how safe your vehicle is, the condition of your credit, and your choice of deductibles. Drivers in Nebraska pay on average $909 a year to insure their Camry, but that figure is a valuation calculated using a 50-year-old single male driver with both comprehensive and collision coverage and $250 deductibles.
There’s a good chance you aren’t exactly 50 years old or even a male, married instead of single, and you don’t want the same coverages and limits as the example. Having the smallest difference in the criteria used to calculate rates can result in a massive change in the cost of insurance for a Toyota Camry.
The different assumptions illustrate why the only real way to find cheap auto insurance rates for your Toyota is to just compare rates yourself.
The trim level of your vehicle tends to have a direct effect on the annual cost of coverage, so the rate you will pay to insure a Camry LE trim level will be $154 less expensive the insurance cost for the higher-priced Camry Hybrid version, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in specific zip code location which can influence premium rates considerably.
Finding reliable, reasonably-priced car insurance is difficult, and deciding which company quotes the best car insurance rates for a Toyota Camry requires even more work. Each company uses their own method for filing rates in each state, so we’ll take a look at the most budget-friendly car insurance companies in Lincoln, NE.
Cheapest Insurance Rates for Your Camry
|Rank||Company||Cost Per Year|
|5||Farmers Mutual of Nebraska||$979|
|6||Farm Bureau Mutual||$990|
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Safeco may offer some of the best car insurance rates in Lincoln at around $804 per year. This is $512 less than the average price paid by Nebraska drivers of $1,316. The Hartford, Allied, Auto-Owners, and Farmers Mutual of Nebraska would also make the list of some of the best Lincoln, NE auto insurance companies.
As the example above demonstrates, if you have coverage with Auto-Owners and switched to The Hartford, you may realize savings of approximately $59. Customers with Farmers Mutual of Nebraska could save as much as $106 a year, and Farm Bureau Mutual policyholders might reduce rates by $117 a year.
To find out how much you can save, click here to start a quote or quote rates from the companies below.
Understand that those rates are averages for all insureds and vehicles and and are not figured with a specific zip code for a Toyota Camry. So the insurer that fits you best may not even be in the top 24 companies shown above. That points out the importance of why you need to quote rates from many companies using your own driver data and vehicle information.
How careless driving impacts Lincoln car insurance rates
In a perfect world, the best way to earn low car insurance rates in Lincoln for a Camry is to be a safe driver and avoid accidents and keep your driving record clean. The information below illustrates how traffic citations and at-fault collisions can influence yearly insurance costs for each different age group. The data is based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
In the prior example, the average cost of car insurance per year with a clean driving record and no accidents is $2,001. Get two speeding tickets and the average cost hikes up to $2,773, an increase of $772 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of car insurance for a Toyota Camry goes up to an average of $5,488. That’s an increase of $3,486, or $291 per month, just for not driving attentively!
The benefit of shopping around
Lincoln, NE car insurance rates are influenced by many factors which can substantially decrease or increase the price of your policy. Getting older, buying higher coverage limits, or having an at-fault accident can cause premium changes that can cause some rates to be affordable when they were higher priced. In addition to those changes, insurance companies file new Nebraska car insurance rates as needed to ensure their profitability. A period of increased losses can result in higher rates, while long-term profits may produce lower-cost Camry insurance rates.
To illustrate this example, the graph below shows the company with the cheapest car insurance in Lincoln, NE for a 30-year-old female driver with no prior accidents, a clean driving record, and excellent credit. If we estimate prices based on her personal profile, Safeco might quote the cheapest car insurance rates in Lincoln at $804 annually. This is $512 less than the average policy premium paid by Nebraska drivers of $1,316. The Hartford, Auto-Owners, Allied, and Nationwide are the remaining most affordable Lincoln, NE auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart an accident claim, a lower credit score, and a speeding citation. Due to the fact that each insurance company has their own guidelines for determining prices, analyzing rate quotes could now result in a new list of the cheapest Lincoln car insurance companies as shown below.
Farm Bureau Mutual now has the best price on car insurance in Lincoln with State Farm, General Casualty, American National, and USAA also having competitive pricing. This example demonstrates why consumers need to spend some time comparing rates to get the most affordable car insurance rates for a Toyota Camry. Car insurance prices are made up of many things and change substantially, so the most economical company the last time you shopped around may now be one of the higher cost companies.