Cheapest Insurance for a Toyota Camry Hybrid in Honolulu

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A recent study revealed that a large majority of drivers in Hawaii have purchased from the same company for at least four years, and just under half have never compared rates from other carriers. Drivers in the U.S. could save an average of approximately 47% each year just by shopping around, but they just feel it's too hard to compare rates and save money.

Discount Toyota Camry Hybrid insuranceIf saving money is your primary concern, then the best way to get more affordable Toyota Camry Hybrid insurance in Honolulu is to regularly compare prices from different companies in Hawaii.

First, try to comprehend how auto insurance works and the things you can change to lower rates. Many rating factors that result in higher prices such as speeding and a not-so-good credit rating can be eliminated by improving your driving habits or financial responsibility.

Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from one company like GEICO and Allstate, while independent agents can provide prices for a wide range of insurance providers. View rates

Third, compare the price quotes to your existing coverage to see if switching to a new carrier will save money. If you find better rates, make sure there is no lapse in coverage.

Fourth, give notification to your agent or company of your intention to cancel your existing policy and submit the completed application along with a down payment for the new coverage. Make sure you put the new certificate verifying coverage in your vehicle.

One piece of advice is that you'll want to compare the same level of coverage on each quote and and to analyze all possible companies. This helps ensure an apples-to-apples comparison and a thorough price selection.

Buy Toyota Camry Hybrid Insurance Cheaper

Lots of things are used when quoting car insurance. Some factors are common sense like your driving record, but other criteria are less obvious such as your credit history or how financially stable you are.

  • Certain employers raise premiums - Did you know your career choice can influence rates? Careers like judges, social workers, and emergency personnel generally pay higher average rates due to stressful work requirements and extremely grueling work hours. Conversely, jobs such as scientists, athletes and homemakers generally pay rates lower than average.
  • Car features can affect auto insurance rates - Choosing to buy a car with an alarm system can save you some money. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping auto theft.
  • Gender is a factor - The statistics show women tend to be less risk to insure than men. That doesn't necessarily mean that men are WORSE drivers than women. Both sexes get in accidents at a similar rate, but the males have costlier accidents. Not only are claims higher, but men get cited for more serious violations such as reckless driving. Male teenagers are most likely to cause an accident so they pay the highest premiums.

    The information below compares Toyota Camry Hybrid car insurance rates for male and female drivers. The data assumes no violations or accidents, full physical damage coverage, $250 deductibles, drivers are not married, and no other discounts are factored in.

  • Cheaper prices for prior coverage - Allowing your auto insurance policy to lapse can be a sure-fire way to increase your renewal premiums. And not only will insurance be more expensive, failure to provide proof of insurance might get you a fine, jail time, or a revoked license. You may then have to prove you have insurance by filing a SR-22 with the Hawaii department of motor vehicles.
  • Discounts for multiple policies - The majority of auto insurance companies give lower prices to people who consolidate policies with them such as combining an auto and homeowners policy. If you currently are using one company, you may still want to shop around to help ensure you have the lowest rates.There is a chance you can save even more by buying insurance from more than one company.
  • Insurance losses for a Toyota Camry Hybrid - Insurance companies use past insurance losses to help calculate a profitable premium rate. Vehicles that the data determines to have a trend towards higher claim severity or frequency will be charged more to insure.

    The next table illustrates the collected loss data for Toyota Camry Hybrid vehicles. For each insurance policy coverage type, the claim probability for all vehicles, regardless of manufacturer or model, is represented as 100. Numbers under 100 indicate a favorable loss history, while percentage values above 100 indicate frequent claims or tendency to have larger claims.

    Insurance Loss Ratings for Toyota Camry Hybrid Vehicles
    Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Toyota Camry Hybrid 124 100 110 118 127 96

    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

The are a couple different ways to compare prices from lots of Hawaii auto insurance companies. The easiest way by far to find affordable Toyota Camry Hybrid insurance rates is simply to get online rate quotes.

Online shopping is fast and free, and it replaces the need to drive to all the different Honolulu insurance agencies. The ability to buy insurance online can eliminate the need for a local agent unless your situation requires the professional abilities of a local agency. It is possible with some companies obtain prices from the web but still have the advice of a local agent.

Just keep in mind that comparing all the rates in your area helps you find the best rates.

The companies in the list below are ready to provide free rate quotes in Hawaii. If more than one company is shown, it's highly recommended you visit as many as you can to get the best price comparison.

Rates and detailed analysis

The data table shown next outlines different insurance prices for Toyota Camry Hybrid models. Being aware of how rates are established can benefit drivers when making smart choices when choosing a car insurance company.

Toyota Camry Hybrid Insurance Rates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $122 $264 $338 $20 $102 $846 $71
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Price information does not factor in specific garaging location which can decrease or increase premium rates greatly.

Insurance deductibles

One of the hardest decisions when shopping for insurance is the level to set your comp and collision deductibles. The following tables lay out the differences in price of buying low and high physical damage coverage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second rate chart uses a $1,000 deductible.

Toyota Camry Hybrid insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $258 $484 $300 $18 $90 $1,175 $98
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Toyota Camry Hybrid insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry Hybrid $142 $256 $300 $18 $90 $806 $67
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in specific garaging location which can lower or raise price quotes greatly.

We can estimate from the data above that using a $100 deductible costs an average of $31 more each month or $372 each year averaged for all Camry Hybrid models than opting for the higher $1,000 deductible. Since you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at a minimum 29 months between claims, you would come out ahead if you opt for a higher deductible. Here's the way you can come to your own conclusion.

Average monthly premium for $100 deductibles: $98
Average monthly premium for $1,000 deductibles (subtract): - $67
Monthly savings from raising deductible: $31
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $31
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

The illustration below highlights how deductible choice and can raise or lower Toyota Camry Hybrid insurance costs for different age groups. The rates are based on a single female driver, comprehensive and collision coverage, and no discounts are taken into consideration.

Insurance rate increases from tickets or accidents

The illustration below shows how violations and at-fault accidents impact Toyota Camry Hybrid insurance costs for different insured age categories. The data is based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Auto insurance just makes sense

Despite the high insurance cost for a Toyota Camry Hybrid in Honolulu, buying auto insurance is mandatory in Hawaii but it also protects more than you think.

First, most states have minimum liability requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to be legal. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.

Second, if your vehicle has a loan, it's guaranteed your bank will force you to buy insurance to guarantee their interest in the vehicle. If you default on your policy, the bank may buy a policy for your Toyota at a much higher premium rate and require you to fork over the higher premium.

Third, auto insurance protects not only your vehicle but also your financial assets. It will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay to defend you if you cause an accident and are sued. If your Toyota gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.

The benefits of insuring your car definitely exceed the price paid, specifically if you ever have a liability claim. Today the average American driver overpays as much as $800 each year so it's very important to do a rate comparison each time the policy renews to help ensure money is not being wasted.

Affordable Toyota Camry Hybrid insurance in Honolulu

Some companies don't always advertise every discount they offer very clearly, so the list below details some of the more common and the harder-to-find discounts that you may qualify for. If you check and find you aren't receiving every discount available, you are just wasting money.Cheaper car insurance with discounts

  • Claim-Free Discount - Honolulu drivers who stay claim-free get the best car insurance rates as opposed to frequent claim filers.
  • E-sign - A handful of car insurance companies give back up to $50 for buying a policy and signing up online.
  • Military Discounts - Being on active duty in the military can result in better car insurance rates.
  • Club Memberships - Being in specific professional or occupational memberships or organizations is a simple method to lower premiums on car insurance.
  • Homeowners Savings - Just owning your own home may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
  • Safety Restraint Discount - Forcing all vehicle occupants to buckle up before driving may be able to save a few bucks off the personal injury premium cost.
  • Anti-lock Brake Discount - Vehicles with ABS braking systems or traction control have fewer accidents so you can save 10 percent or more.

A little note about advertised discounts, most credits do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as comp or med pay. Even though it may seem like you can get free auto insurance, that's just not realistic.

The diagram below illustrates the comparison of Toyota Camry Hybrid yearly insurance costs with and without discounts applied. The prices are based on a female driver, a clean driving record, no claims, Hawaii state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, claim-free, multi-car, homeowner, safe-driver, and multi-policy discounts applied.

Some companies who may offer most of these discounts include:

When getting a coverage quote, ask each insurance company which discounts you qualify for. Some discounts may not apply to policyholders in Honolulu. If you would like to choose from a list of companies that can offer you the previously mentioned discounts in Hawaii, click here.

Are insurance agents of importance?

Some people still like to buy from a licensed agent and we recommend doing that The best thing about comparing auto insurance online is the fact that drivers can get lower rates and still have an agent to talk to.

Once you complete this short form, the coverage information is transmitted to local insurance agents in Honolulu who will give competitive quotes for your business. You don't have to contact an agency as quotes are delivered immediately to you. You can find better rates and work with a local agent. If you want to get a comparison quote from a particular provider, you can always jump over to their website and fill out their quote form.

Finding the right company is decision based upon more than just a cheap quote. These are valid questions to ask:

  • Can you contact them at any time?
  • If you have an accident, will your rates go up?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • Can they provide you with a list of referrals?
  • Will the agent help in case of a claim?
  • What are their preferred companies if they are an independent agency?
  • How long has the business existed?

If you want to buy auto insurance from an insurance agent, it's important to understand the different types of agents and how they can service your needs differently. Agencies in Honolulu can be classified as either independent agents or exclusive agents.

Exclusive Insurance Agencies

Exclusive agencies can only provide pricing for a single company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. These agents are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agents are well schooled on their company's products which can be an advantage.

Shown below are exclusive insurance agencies in Honolulu who may provide you with comparison quotes.

Six Waterfront Plaza 3rd Floor, 500 Ala Moana Blvd - Honolulu, HI 96813 - (808) 533-2444 - View Map

Allstate Insurance: Valerie Nagaji
4211 Waialae Ave #8080 - Honolulu, HI 96816 - (808) 735-2841 - View Map

575 Cooke St d - Honolulu, HI 96813 - (808) 596-8333 - View Map

View more Honolulu agents

Independent Agents

Independent agencies are appointed with more than one company so they can insure your vehicles with many different companies and find you cheaper rates. If you are not satisfied with one company, they simply switch companies in-house which requires no work on your part. If you are comparing rate quotes, we highly recommend that you include rate quotes from a couple of independent agencies so that you have a good selection of quotes to compare.

The following is a list of independent insurance agencies in Honolulu who can help you get comparison quotes.

800 Bethel St # 200 - Honolulu, HI 96813 - (808) 538-6938 - View Map

1132 Bishop St #1600 - Honolulu, HI 96813 - (808) 533-8728 - View Map

420 Waiakamilo Rd - Honolulu, HI 96817 - (808) 527-7667 - View Map

View more Honolulu agents

Your situation helps dictate your coverage

When selecting the right insurance coverage, there really is not a single plan that fits everyone. Every insured's situation is different and a cookie cutter policy won't apply.Drive safe and save For instance, these questions may help highlight if you might need an agent's assistance.

  • Does my Toyota Camry Hybrid need full coverage?
  • Will I be non-renewed for getting a DUI or other conviction?
  • How can I force my company to pay a claim?
  • Does medical payments coverage apply to all occupants?
  • How do I insure my teen driver?
  • Do I need medical payments coverage since I have good health insurance?
  • What is covered by UM/UIM coverage?
  • What is glass protection for?
  • Am I covered when driving someone else's vehicle?

If you can't answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area.

Frequent quotes can save

Budget-friendly auto insurance in Honolulu can be found both online and also from your neighborhood Honolulu agents, and you need to price shop both to have the best chance of lowering rates. A few companies do not offer online price quotes and many times these smaller companies work with independent agents.

While you're price shopping online, it's very important that you do not skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced comprehensive coverage or liability limits only to regret they didn't have enough coverage. Your focus should be to get the best coverage possible at a price you can afford.

We just covered quite a bit of information on how to reduce Toyota Camry Hybrid insurance prices online in Honolulu. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. You may even be surprised to find that the most savings is with an unexpected company. Smaller companies often have lower rates on specific markets than the large multi-state companies such as State Farm, GEICO and Nationwide.

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