Compare Toyota Camry Hybrid Insurance Quotes in Anchorage

Anyone knows that auto insurance companies don’t want you to look at other companies. Drivers who shop rates annually are highly likely to switch insurance companies because there is a great chance of finding more affordable rates. Remarkably, a study showed that consumers who compared rate quotes regularly saved over $3,450 over four years as compared to drivers who don’t make a habit of comparing rates.

If finding the lowest rates on insurance in Anchorage is your goal, then learning a little about how to choose a company and compare cheaper coverage can make it easier to shop your coverage around.

Insurance rates Toyota Camry Hybrid in AnchorageIf you want to save money, the best way to find the cheapest price for car insurance rates is to start doing an annual price comparison from companies that sell auto insurance in Anchorage. Prices can be compared by completing these steps.

Step 1: Get a basic knowledge of auto insurance and the factors you can control to keep rates down. Many risk factors that are responsible for high rates such as traffic citations and a negative credit history can be controlled by being financially responsible and driving safely.

Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or State Farm, while independent agents can quote rates for a wide range of insurance providers. Click to view companies

Step 3: Compare the new rate quotes to the premium of your current policy to determine if switching companies saves money. If you find a better price and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

A tip to remember is to use the same amount of coverage on each quote and and to get rate quotes from all possible companies. Doing this provides the most accurate price comparison and maximum price selection.

Companies offering Toyota Camry Hybrid insurance in Alaska

The auto insurance companies shown below have been selected to offer free rate quotes in Alaska. If you want the best car insurance in AK, we recommend you click on several of them to get a more complete price comparison.

Facts and figures for Toyota Camry Hybrid insurance

The rate table displayed next highlights different insurance policy prices for Toyota Camry Hybrid models. Learning how insurance prices are established is important for making informed decisions when comparing rate quotes.

Toyota Camry Hybrid Insurance Rates in Anchorage, AK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $144 $302 $372 $22 $112 $952 $79
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Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Estimates do not factor in Anchorage location which can alter price quotes greatly.

Analysis of deductible levels

One common question asked by Anchorage drivers is how high should the physical damage deductibles be. The comparisons below can help you visualize how much more you’ll pay when you select higher and lower deductibles. The first pricing table uses a $250 deductible and the second pricing table uses a $500 deductible.

Toyota Camry Hybrid insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $238 $418 $308 $18 $92 $1,099 $92
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Toyota Camry Hybrid insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $192 $336 $308 $18 $92 $946 $79
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in garaging location in Anchorage which can increase or decrease premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible would cost the average driver about $13 more each month or $156 a year than quoting the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you have at a minimum 19 months between claim filings, you would most likely save money going with the higher deductible.

Impact of citations and accidents on Anchorage insurance rates

The information below highlights how speeding tickets and at-fault collisions can impact Toyota Camry Hybrid auto insurance rates for different age groups of insureds. The costs are based on a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The example below illustrates the comparison of Toyota Camry Hybrid car insurance costs with liability coverage only compared to full coverage. The premiums assume no violations or claims, $500 deductibles, single marital status, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no set rule of when to stop paying for full coverage on your policy, but there is a broad guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s say your Toyota Camry Hybrid replacement cost is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after you pay the deductible. If it’s costing you more than $200 a year for physical damage coverage, then it may be the right time to buy liability only.

There are a few cases where buying only liability insurance is not a good idea. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Discounts mean cheaper rates for Toyota Camry Hybrid insurance in Anchorage

Not too many consumers would say car insurance is affordable, but companies offer discounts that you may not even know about. A few discounts will automatically apply when you purchase, but some must be specifically requested prior to receiving the credit. If you are not receiving all the discounts you qualify for, you are paying more than you should be.

As is typical with insurance, most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, it’s just not the way it works.

The example below shows the comparison of Toyota Camry Hybrid insurance costs with and without policy discounts. The premiums assume a male driver, no tickets, no at-fault accidents, Alaska state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, multi-policy, and safe-driver discounts applied.

A few companies that may have most of the discounts above include:

If you need lower rates, check with all companies you are considering to give you their best rates. Some discounts may not apply in Anchorage. To locate providers who offer online Toyota Camry Hybrid insurance quotes in Alaska, click here.

Are insurance agents used anymore?

Many drivers still prefer to go talk to an agent and doing that can be a smart decision A nice benefit of getting online price quotes is that you can obtain cheaper premium rates but also keep your business local.

To help locate an agent, after submitting this simple form, your insurance coverage information is instantly submitted to insurance agents in Anchorage who will give you quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to even leave your home as quotes are delivered to your email. Get lower rates without requiring a lot of work. If you wish to get a rate quote from a particular provider, feel free to search and find their rate quote page and fill out their quote form.

Choosing a company requires more thought than just the premium amount. The answers to these questions are important, too.

The type of car insurance agent you choose is important

If you need to find a local insurance agency, it can be helpful to understand the different types of agents and how they differ in how they can insure your vehicles. Insurance agencies in Anchorage can be classified as either independent agents or exclusive agents.

Exclusive Insurance Agencies

Agents that choose to be exclusive write business for a single company like Allstate and State Farm. They usually cannot compare other company’s rates so they have no alternatives for high prices. Exclusive agents receive extensive training on what they offer and that allows them to sell at a higher price point. Some insured continue to buy from the same agent for years mostly because of the prominence of the brand rather than having the cheapest rates.

The following is a short list of exclusive insurance agencies in Anchorage who may provide you with comparison quotes.

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Independent Agents (or Brokers)

Independent insurance agents are not limited to a single company and that enables them to quote your coverage with many different companies and find the cheapest rate. If your agent finds better pricing, they simply switch companies in-house and you won’t have to switch agencies.

If you are trying to find cheaper rates, it’s a good idea to check rates from several independent insurance agents so that you can do a thorough price comparison. Many write coverage with smaller mutual companies which can be an advantage.

The following is a short list of independent insurance agents in Anchorage that are able to give comparison quotes.

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Best car insurance company in Anchorage

Buying coverage from a high-quality car insurance provider can be challenging considering how many companies there are in Anchorage. The rank data in the next section could help you select which auto insurance companies you want to consider when comparing rates.

Anchorage, Alaska Car Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

Detailed coverages of your auto insurance policy

Understanding the coverages of a auto insurance policy helps when choosing the right coverages for your vehicles. Auto insurance terms can be ambiguous and coverage can change by endorsement.

Comprehensive coverage (or Other than Collision) – This pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like a tree branch falling on your vehicle, damage from flooding, hitting a deer, damage from getting keyed and vandalism. The most your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision coverage – This coverage will pay to fix damage to your Camry Hybrid resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like colliding with a tree, driving through your garage door, colliding with another moving vehicle, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible on your Camry Hybrid to get cheaper collision coverage.

Insurance for medical payments – Med pay and PIP coverage reimburse you for expenses for things like doctor visits, ambulance fees, surgery and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible

Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Toyota Camry Hybrid.

Since a lot of drivers only carry the minimum required liability limits (Alaska limits are 50/100/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Liability car insurance – This can cover injuries or damage you cause to a person or their property that is your fault. It protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/25 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $25,000 of coverage for damaged property.

Liability can pay for claims such as legal defense fees, emergency aid, court costs and medical services. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible. Alaska state minimum liability requirements are 50/100/25 but it’s recommended drivers buy more coverage.

The illustration below shows why buying minimum limits may not provide you with enough coverage.

Quote often and quote early

Cheap Toyota Camry Hybrid insurance in Anchorage is possible from both online companies as well as from insurance agents, and you should compare price quotes from both so you have a total pricing picture. A few companies may not provide the ability to get quotes online and many times these smaller providers only sell coverage through local independent agencies.

When buying insurance coverage, never skimp on critical coverages to save a buck or two. There are many occasions where an insured dropped uninsured motorist or liability limits only to discover later that the small savings ended up costing them much more. The aim is to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.

Consumers switch companies for many reasons like extreme rates for teen drivers, denial of a claim, delays in paying claims or not issuing a premium refund. Regardless of your reason for switching companies, choosing a new insurance company can be less work than you think.

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