Do you want to learn to get low-cost Toyota Camry insurance in Minneapolis? Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us when we tell you many Minneapolis drivers have buyer's remorse.

Discount Toyota Camry insuranceShocking but true, nearly 70% of drivers have been with the same company for at least four years, and just under half have never shopped around. Many consumers in Minneapolis can save almost 50% each year just by shopping around, but they just don't understand the large savings they would see if they swap their current policy for a cheaper one. Since drivers have many insurance providers from which to choose, it can be challenging to choose the best car insurance provider.

You should take the time to get comparison quotes before your next renewal because car insurance prices change frequently. Even if you think you had the best price on Toyota Camry insurance in Minneapolis at your last renewal there may be better deals available now. There is a lot of wrong information about Camry insurance online, but we're going to give you some great ideas on how to buy car insurance cheaper in Minneapolis.

The goal of this article is to let you in on how car insurance works and how to save the most money. If you have a current insurance policy, you will definitely be able to reduce premiums using the techniques covered below. Drivers just need to use the fastest way to compare insurance rates on the web.

Car insurance rates and discounts

Some insurance providers don't list every disount available very well, so the following is a list of a few of the more well known in addition to some of the lesser obvious discounts that may be available.Car insurance discounts

One thing to note about discounts is that many deductions do not apply to the whole policy. The majority will only reduce individual premiums such as comprehensive or collision. So even though it sounds like you could get a free car insurance policy, you won't be that lucky. But all discounts should help lower the premium cost.

The best car insurance companies and some of their more popular discounts can be read below.

If you need affordable Minneapolis car insurance quotes, ask each insurance company to apply every possible discount. Some discounts may not be available in your state. If you would like to view providers with the best Toyota Camry insurance discounts in Minneapolis, click here.

How to buy Toyota Camry insurance in Minneapolis, Minnesota

Reducing your insurance rates can be relatively painless. All you need to do is invest a few minutes comparing rate quotes to find out which insurance company has inexpensive Minneapolis car insurance quotes.

It's so easy to compare quotes online that it takes the place of having to spend your day driving to insurance agencies in your area. Comparing online rate quotes eliminates the middleman unless you require the extra assistance of a local agent. It is possible with some companies price shop your coverage online but purchase the actual policy in an agency.

The companies shown below are ready to provide price quotes in Minneapolis, MN. If multiple companies are listed, it's highly recommended you compare several of them to get the cheapest price.

Toyota Camry Insurance Rates in Minneapolis, MN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $312 $492 $416 $24 $124 $1,368 $114
Camry SE $234 $570 $334 $20 $100 $1,258 $105
Camry XLE $210 $476 $334 $20 $100 $1,140 $95
Camry Hybrid $256 $392 $470 $28 $140 $1,286 $107
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Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Rate quotes do not factor in garaging location in Minneapolis which can change coverage prices greatly.

An analysis of deductible level

The example below demonstrates how choosing different deductibles and can influence Toyota Camry insurance prices for each age group. Data assumes a married female driver, full coverage, and no discounts are applied.

Physical damage deductibles: Should you raise them?

One of the most common auto insurance questions is how high should your deductibles be. The premium rates below can help show the rate fluctuation of buying low and high physical damage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.

Toyota Camry insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $246 $414 $318 $18 $94 $1,115 $93
Camry SE $246 $486 $318 $18 $94 $1,187 $99
Camry XLE $246 $486 $318 $18 $94 $1,187 $99
Camry Hybrid $276 $486 $358 $22 $108 $1,275 $106
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Toyota Camry insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $200 $334 $318 $18 $94 $964 $80
Camry SE $200 $392 $318 $18 $94 $1,022 $85
Camry XLE $200 $392 $318 $18 $94 $1,022 $85
Camry Hybrid $224 $392 $358 $22 $108 $1,104 $92
Get Your Own Custom Quote Go

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Minnesota minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Price information does not factor in vehicle garaging location which can revise coverage rates noticeably.

Based on the figures above, using a $250 deductible would cost the average driver about $13 more each month or $156 for a full year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average more than 19 months between claim filings, you would probably come out ahead if you opt for a higher deductible. Here's an example of how this decision is made.

Average monthly premium for $250 deductibles: $99
Average monthly premium for $500 deductibles (subtract): - $86
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

Which policy gives me the best coverage?

When quoting and comparing your policy, there really isn't a cookie cutter policy. Every situation is different and your policy should reflect that.Higher deductibles save money For example, these questions might point out if your situation will benefit from professional help.

If it's difficult to answer those questions, you might consider talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can provide invaluable advice.

Insurance agencies can help

Many drivers still like to talk to a local agent and we recommend doing that Licensed agents can make sure you are properly covered and help file insurance claims. A good thing about comparing rate quotes online is that you can obtain lower rates and still choose a local agent. And buying from neighborhood agents is important especially in Minneapolis.

Minneapolis insurance agentsAfter filling out this quick form, your insurance coverage information is submitted to local insurance agents who want to provide quotes and help you find cheaper coverage. You never need to contact any agents since rate quotes are delivered to your email. In the event you want to compare rates from a specific insurance company, feel free to search and find their rate quote page and complete a quote there.

Different types of auto insurance agents in Minneapolis

If you want a local Minneapolis insurance agency, it's important to understand the different types of agents to choose from. Car insurance agents in Minneapolis are considered either independent or exclusive depending on the company they work for. Either one can write policy coverage, but it's worth mentioning how they differ since it can affect the selection process.

Independent Car Insurance Agents (or Brokers)

Independent agencies are appointed with more than one company so they have the ability to put coverage with any number of different companies depending on which coverage is best. If they find a cheaper price, your agent can just switch to a different company and you can keep the same agent. If you are trying to find cheaper rates, we highly recommend that you get quotes from a couple of independent agencies to get the most accurate price comparison.

Shown below are Minneapolis independent insurance agencies who may provide pricing information.

True Insurance Agency and Financial Services - Minneapolis Home and Auto Insurance
4708 Excelsior Blvd - St Louis Park, MN 55416 - (952) 388-2006 - View Map

3300 Fernbrook Ln N #170 - Minneapolis, MN 55447 - (800) 701-5909 - View Map

6227 University Ave NE - Minneapolis, MN 55632 - (763) 571-2880 - View Map

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Exclusive Insurance Agents

Exclusive insurance agents are contracted to one company and some examples include Farmers Insurance or State Farm. They are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive insurance agents are trained well on their products and sales techniques which helps them compete with independent agents.

The following are exclusive agencies in Minneapolis willing to provide comparison quotes.

80 8th St S - Minneapolis, MN 55402 - (612) 713-9253 - View Map

8347 University Ave NE D - Minneapolis, MN 55432 - (763) 780-2222 - View Map

701 4th Ave S #220 - Minneapolis, MN 55415 - (612) 338-6400 - View Map

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Finding a good car insurance agent shouldn't rely on just a low price. Here are some questions you might want to ask.

What insurance coverages do you need?

Having a good grasp of your insurance policy helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages offered by insurance companies.

Collision coverage

This coverage pays for damage to your Camry resulting from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as driving through your garage door, crashing into a building, damaging your car on a curb and scraping a guard rail. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible on your Camry in order to get cheaper collision rates.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for things like prosthetic devices, surgery, EMT expenses and dental work. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay

Auto liability

This protects you from injuries or damage you cause to other's property or people that is your fault. It protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 30/60/10 that means you have $30,000 bodily injury coverage, a per accident bodily injury limit of $60,000, and a limit of $10,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things such as attorney fees, medical expenses, repair bills for other people's vehicles and funeral expenses. How much liability coverage do you need? That is up to you, but it's cheap coverage so purchase as high a limit as you can afford. Minnesota requires drivers to carry at least 30/60/10 but drivers should carry more coverage.

UM/UIM Coverage

This coverage protects you and your vehicle's occupants from other motorists when they are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle's damage.

Because many people only carry the minimum required liability limits (which is 30/60/10), their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are identical to your policy's liability coverage.

Comprehensive or Other Than Collision

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like damage from flooding, theft and hail damage. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low consider dropping full coverage.

In conclusion

Cheaper Toyota Camry insurance in Minneapolis is definitely available on the web in addition to local insurance agencies, so you need to shop Minneapolis car insurance with both in order to have the best price selection to choose from. Some insurance providers do not provide rate quotes online and usually these smaller companies only sell coverage through local independent agencies.

We just covered quite a bit of information on how to lower your Toyota Camry insurance rates in Minneapolis. The most important thing to understand is the more providers you compare, the higher your chance of finding cheaper Minneapolis car insurance quotes. You may even discover the best price on insurance is with some of the smallest insurance companies. These companies may have significantly lower car insurance rates on certain market segments than the large multi-state companies such as State Farm, GEICO and Nationwide.

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