Regrettably, a large majority of drivers have been with the same company for four years or more, and just short of a majority have never shopped around. The average driver in Durham can save hundreds of dollars each year by just comparing rate quotes, but they just assume it’s a time-consuming process to compare rate quotes.
The recommended way to get low-cost auto insurance rates is to regularly compare quotes from providers who can sell car insurance in Durham. You can compare prices by following these guidelines.
Step 1: Spend a few minutes and learn about the coverage provided by your policy and the things you can control to lower rates. Many risk factors that cause high rates such as accidents, traffic violations, and your credit history can be improved by making minor changes in your lifestyle.
Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like GEICO or State Farm, while independent agencies can provide price quotes for many different companies.
Step 3: Compare the quotes to the price on your current policy to see if cheaper Camry coverage is available. If you find a lower rate quote and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Notify your agent or company to cancel the current policy. Submit a signed application and payment to the newly selected company. Immediately upon receiving it, place the new certificate of insurance in your glove compartment.
An important bit of advice to remember is to use the same deductibles and limits on every quote and and to analyze as many auto insurance providers as possible. This provides a fair rate comparison and a better comparison of the market.
If you currently have auto insurance, you will definitely be able to cut your premiums using these techniques. Locating the lowest-priced coverage in Durham is simple if you know the tricks. But North Carolina car owners can benefit from knowing how big insurance companies determine what you pay and apply this information to your search.
Cheaper Durham auto insurance rates with discounts
Some companies don’t necessarily list every discount available very clearly, so the following list contains some of the more common as well as the least known credits that may apply to you.
- Active Military Service – Being deployed with a military unit could trigger a small discount.
- Club Memberships – Belonging to a civic or occupational organization in Durham is a simple method to lower premiums on auto insurance.
- Multiple Policy Discount – If you can combine your auto and homeowners policy with one insurance company you may earn approximately 10% to 15%.
- Early Payment Discounts – By making one initial payment as opposed to paying monthly you can avoid the installment charge.
- Anti-lock Brakes – Cars with ABS and/or traction control have fewer accidents and qualify for as much as a 10% discount.
- Defensive Driver Discounts – Passing a class that teaches defensive driving techniques could possibly earn you a 5% discount depending on where you live.
Don’t be surprised that most discounts do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, company stockholders wouldn’t be very happy.
The example below illustrates the comparison of Toyota Camry car insurance costs with and without discounts applied. The data assumes a male driver, a clean driving record, no claims, North Carolina 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 homeowner, multi-car, multi-policy, safe-driver, claim-free, and marriage discounts applied.
A few companies that possibly offer these benefits may include but are not limited to:
When getting a coverage quote, ask each company to give you their best rates. Savings might not be available to policyholders in Durham.
How much is Toyota Camry insurance in Durham, North Carolina?
To find cheaper Durham car insurance quotes, there are several ways of comparing price quotes from many different North Carolina insurance companies. The recommended way to find affordable insurance rates is to use the internet to compare rates.
When price shopping your coverage, comparing more prices provides better odds of finding a better price.
The providers in the list below can provide free quotes in Durham, NC. To get cheap auto insurance in NC, we recommend you visit two to three different companies in order to get a fair rate comparison.
Rates and detailed analysis
The price information shown next outlines different policy rates for Toyota Camry models. Having a better understanding of how rates are determined can be useful when making decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $156 | $262 | $250 | $14 | $74 | $756 | $63 |
| Camry SE | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Camry XLE | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Camry Hybrid | $176 | $308 | $282 | $16 | $84 | $866 | $72 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can alter premiums substantially.
Analysis of deductible levels
When comparing insurance rates, the most common question is how low should you set your deductibles. The figures shown below may help to illustrate the costs and benefits when you choose different policy deductibles. The first data set uses a $100 physical damage deductible and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $214 | $386 | $250 | $14 | $74 | $963 | $80 |
| Camry SE | $214 | $456 | $250 | $14 | $74 | $1,033 | $86 |
| Camry XLE | $214 | $456 | $250 | $14 | $74 | $1,033 | $86 |
| Camry Hybrid | $242 | $456 | $282 | $16 | $84 | $1,105 | $92 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry LE | $156 | $262 | $250 | $14 | $74 | $756 | $63 |
| Camry SE | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Camry XLE | $156 | $308 | $250 | $14 | $74 | $802 | $67 |
| Camry Hybrid | $176 | $308 | $282 | $16 | $84 | $866 | $72 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Price estimates do not factor in vehicle location which can raise or lower premiums noticeably.
We can estimate from the data above that using a $100 deductible could cost the average driver approximately $19 more each month or $228 every year averaged for all Camry models than selecting the higher $500 deductible. Since you would pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at a minimum 21 months between claims, you would most likely save money going with the higher deductible.
How to determine when to raise your deductibles
| Average monthly premium for $100 deductibles: | $86 |
| Average monthly premium for $500 deductibles (subtract): | – $67 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
An important thing to remember is that raising deductibles means you will have to pay more of your own money at claim time. You must have a higher level of savings in the event you need to pay more to get your vehicle repaired.
Toyota Camry annual premiums for males versus females
The information below illustrates the comparison of Toyota Camry auto insurance rates for male and female drivers. The rates are based on a clean driving record, no claims, comp and collision included, $1,000 deductibles, drivers are not married, and no policy discounts are applied.
Do you need full coverage?
The diagram below compares Toyota Camry car insurance costs when comparing full coverage to state minimum liability only. The prices are based on no claims, a clean driving record, $250 deductibles, single status, and no discounts are applied to the premium.
Are you wasting money paying for full coverage?
There is no clear-cut rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.
For example, let’s pretend your Toyota Camry replacement cost is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after you pay the deductible. If premiums are more than $800 a year for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some conditions where removing full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
Compare rates but buy from a local Durham insurance agency
Some people just want to go talk to an agent. One of the benefits of comparing rates online is you may find cheaper auto insurance rates and still have a local agent.
By using this short form, your insurance data gets sent to companies in Durham that provide free Durham car insurance quotes for your business. You never need to drive around since price quotes are sent straight to your inbox. You can find the lowest rates AND an agent nearby. In the event you want to get a comparison quote from one company in particular, you just need to find their quoting web page and fill out their quote form.
Picking the best provider is decision based upon more than just a cheap quote. You should also get answers to these questions.
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Are there any extra charges for paying monthly?
- Is the coverage adequate for your vehicle?
- Can you get a list of referrals?
- Do they have cheaper tiers of coverage?
When looking for an insurance agent, it can be helpful to understand the different types of agents and how they can write your policy. Agencies in Durham may be either independent or exclusive depending on the company they work for.
Exclusive Car Insurance Agents
These type of agents can only provide pricing for a single company and some examples include State Farm, Allstate, and Farm Bureau. Exclusive agents cannot provide other company’s prices so they have no alternatives for high prices. Exclusive agents are very knowledgeable on sales techniques which helps them compete with independent agents. Some insured continue to buy insurance from these agents partially due to the brand name instead of buying on price only.
The following are Durham exclusive insurance agents willing to provide rate quotes.
- Nationwide Insurance Marsh Dawson Agency
821 Hanson Rd – Durham, NC 27713 – (919) 806-5109 – View Map - James Zewe – State Farm Insurance Agent
3500 Westgate Dr Ste 901 – Durham, NC 27707 – (919) 489-0804 – View Map - Debbie Leonard – State Farm Insurance Agent
3702 Hillsborough Rd #2b – Durham, NC 27705 – (919) 383-3887 – View Map
Independent Agents
Independent insurance agents are not limited to a single company so they can insure your vehicles with lots of companies and possibly get better coverage at lower prices. If they find a cheaper price, your agent can just switch to a different company and you don’t have to find a new agent. If you need cheaper car insurance rates, we recommend you compare prices from a couple of independent agencies for the best price selection. Many can place coverage with small mutual carriers which can save you money.
Listed below are Durham independent agencies that are able to give price quotes.
- Protective Agency
4215 University Dr #1 – Durham, NC 27707 – (919) 416-4900 – View Map - George Stevens Insurance Inc
1320 Hill St – Durham, NC 27707 – (919) 403-3611 – View Map - Joshua E. Matthews Insurance Agency, Inc.
2144 Page Rd Suite 106 – Durham, NC 27703 – (919) 598-6800 – View Map
Persistence is the key to cheap rates
Drivers switch companies for a variety of reasons including poor customer service, high rates after DUI convictions, high prices or even delays in paying claims. Regardless of your reason for switching companies, choosing a new company can be less work than you think.
Low-cost Toyota Camry insurance in Durham is available online and also from your neighborhood Durham agents, and you should compare rates from both to have the best chance of lowering rates. A few companies do not offer the ability to get a quote online and most of the time these smaller companies prefer to sell through local independent agencies.
Throughout this article, we presented quite a bit of information on how to reduce Toyota Camry insurance car insurance rates online in Durham. It’s most important to understand that the more rate comparisons you have, the better your comparison will be. Consumers may even find the lowest car insurance rates are with a company that doesn’t do a lot of advertising.
Much more information about insurance in North Carolina is available on the following sites:
- Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
- How Much are Auto Insurance Quotes for Good Drivers in Durham? (FAQ)
- Who Has Affordable Car Insurance Rates for a GMC Sierra in Durham? (FAQ)
- Who Has Affordable Car Insurance for a Mazda CX-7 in Durham? (FAQ)
- Who Has Affordable Auto Insurance for Seniors in Durham? (FAQ)
- Rollover Crash FAQ (iihs.org)
- Property Damage Coverage (Liberty Mutual)