Finding competitive coverage for a Toyota Camry in Wisconsin is pretty simple, but it is dependent upon a lot of factors such as when you were born, whether or not you have filed claims in the past, and physical damage deductibles. Drivers in Wisconsin will pay around $739 a year for Camry insurance, but that figure is an estimate based upon a 30-year-old married female driver with both comprehensive and collision coverage and $100 deductibles.
But there is a good chance that you are not 30 years old and maybe not even female, maybe you are single instead of married, or maybe you want more liability coverage than is required by law in Wisconsin. Even a minor change in the criteria used to calculate rates could result in a significant change in the cost of insurance.
Car insurance coverage is unique to each driver, so this is why the only way to find cheap insurance prices for your Toyota is to compare as many rates as possible. Quotes are free and easy and you will receive prices from the best auto insurance companies that sell coverage in Wisconsin.
The trim level of your vehicle will have an impact the cost of insurance, so the price you pay to insure a Camry LE trim level will be $130 less than the cost to insure the high end Camry Hybrid model, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Wisconsin minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Prices do not factor in vehicle location which can revise price quotes greatly.
Deciding which insurers offer the most affordable insurance rates for a Toyota Camry will take a little more work than just getting one or two price quotes. Every car insurance company uses their own method for determining rates in each state, so let’s rank the most affordable insurance companies in Wisconsin.
It’s important to understand that Madison, WI insurance rates are impacted by many things which can significantly increase or decrease the cost of your policy. Improving your credit score, having a claim, or getting a couple of tickets may prompt premium changes resulting in some companies being much cheaper than others.
Best Insurance Companies for Your Camry
|Rank||Company||Cost Per Year|
|8||Rural Mutual Insurance||$779|
|11||West Bend Mutual||$917|
|14||Auto Club Group||$939|
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USAA normally has some of the most affordable car insurance rates in Madison at around $586 a year. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance would also be considered some of the cheaper Madison, WI insurance companies.
In the rate table above, if you have coverage with Partners Mutual and switched to USAA, you could realize an annual savings of upwards of $28. Drivers with Erie may save as much as $117 a year, and Rockford Mutual policyholders might reduce prices by as much as $138 a year.
To discover how much you can save, click here to start your custom quote or quote rates from the companies below.
Understand that those policy rates are averaged across all types of insureds and vehicles and are not factoring in a vehicle location for a Toyota Camry. So the insurer that has the cheapest rates for you may not even be in the list above. That underscores the importance of why you need to compare prices as often as possible using your own individual information.
Impact of citations and accidents on Madison insurance rates
A great way to enjoy the best insurance premiums in Madison for a Camry is to be a cautious driver and avoid at-fault accidents and violations. The diagram below shows how traffic citations and accident claims raise car insurance rates for each different age category. The prices are based on a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.
In the prior example, the average cost of car insurance in Madison per year with no accidents and a clean driving record is $1,230. Add in two speeding tickets and the average cost jumps to $1,696, an increase of $466 each year. Next add one accident along with the two speeding tickets and the 12-month cost of insurance for a Toyota Camry jumps again to an average of $2,162. That’s an increase of $932, or $78 per month, just for not being more responsible behind the wheel!
The importance of comparing Camry insurance rates
Madison insurance rates are determined by lots of factors that control the cost of a policy. Simply getting older, buying higher coverage limits, or getting a speeding ticket can cause premium changes that can make some companies cheaper than before.
In addition, insurers change rates every year or even multiple times each year to adjust for heavy claims or excess profits. A period of increased losses can result in rate increases, while a lower level of claims can produce cheaper Camry insurance rates.
As an example, the graph below shows a variety of companies that have the cheapest car insurance in Madison, WI for a 45-year-old female driver with no accidents, a clean driving record, and great credit. When comparing rates based on her current rating profile, USAA offers the best car insurance rates in Madison at $652 per year. This is $509 less than the average premium paid by Wisconsin drivers of $1,161. Partners Mutual, Erie, Rockford Mutual, and Pekin Insurance are the remaining cheapest Madison, WI auto insurance companies.
In this example, we will give the driver from above a chargeable claim, bad credit, and a traffic citation. Since each company has their own process to determining premium rates, analyzing rates could now result in a substantially altered list of cheap Madison auto insurance companies as shown below.
Rural Mutual Insurance now has the cheapest insurance rate in Madison, WI with Nationwide, Integrity Mutual, Travelers, and West Bend Mutual now being in the top five. This example demonstrates why it is crucial to take the time to shop around when trying to find the most economical auto insurance rates for a Toyota Camry.
Auto insurance prices can be determined by many factors and can change without notice, so the best option the last time you compared rates may now be wasting a lot of money.
The agents shown below can most likely provide answers to your questions and help you determine which insurance coverage will be best for you, as some people have coverage questions and would like to have some professional guidance when trying to find the best insurance rates for a Camry. It’s not always simple to find coverage yourself, and insurance agents can give you peace of mind knowing your policy gives you sufficient protection if you have a claim.
To find an agent near you, click the link at the bottom.
Allstate Insurance Agent: George McDevitt
4706 Cottage Grove Rd Ste 300 – Madison, WI 53716 – (608) 222-2411
Cheng Vang – State Farm Insurance Agent
2110 N Sherman Ave – Madison, WI 53704 – (608) 661-5700
Above and Beyond Insurance
6601 Grand Teton Plaza #7 – Madison, WI 53719 – (608) 203-8666
Aaron Perry – State Farm Insurance Agent
2605 Monroe St – Madison, WI 53711 – (608) 238-7107
How to find low-cost car insurance for a Toyota Camry
The list below details a few penny-pinching suggestions that can help Wisconsin drivers find more affordable car insurance.
- Buy vehicles with five-star safety ratings
- Do not get tickets or violations
- Good credit scores may make rates cheaper
- Prevent rate increases by staying accident-free
- Do not waste money insuring older vehicles for full coverage
- Raise deductibles to save money
- Compare rates and switch if you can find a better deal
That last tip is certainly necessary, as was affirmed in this write-up. Auto insurance prices in Madison can change considerably based on profitability, so drivers shouldn’t be resistant to switch companies if a better deal can be had.
Having a favorite company is great, but we do not recommend it if it’s costing you money that could be used for better things. If you have a few minutes, shop around to find cheaper auto insurance for a Toyota Camry.