Who Has the Cheapest Car Insurance for a Toyota Camry in Louisville?

Finding the cheapest coverage for a Toyota Camry is pretty straightforward, but it relies on a complicated formula that considers factors such as miles driven annually, whether or not you have filed claims in the past, and blemishes on your driving record. Drivers in Kentucky will pay around $1,092 per year to insure their Camry, but that amount is an approximation using a 40-year-old single male driver with full coverage and $250 deductibles.

There is a good probability you aren’t exactly 40 years old or even a male, married instead of single, or you just prefer to insure for liability only. Not everyone needs the same coverages, so the best way to find the cheapest rates for your Toyota is to do your own rate comparisons. Quotes only take a few minutes and you will receive rate quotes from some of the cheapest companies available.

Find Cheaper Toyota Camry Insurance

The trim level of your Camry impacts the yearly cost, so the rate you will pay to insure a Camry LE trim level will be $188 lower than the cost to insure the higher-end Camry Hybrid version, as demonstrated by the prices below.

Toyota Camry Insurance Rates in Louisville, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camry LE $248 $488 $396 $24 $118 $1,274 $106
Camry SE $248 $576 $396 $24 $118 $1,362 $114
Camry XLE $248 $576 $396 $24 $118 $1,362 $114
Camry Hybrid $280 $576 $446 $26 $134 $1,462 $122
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Price data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Kentucky minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Table data does not factor in your specific Louisville location which can revise premiums considerably.

Figuring out which companies offer the most affordable auto insurance rates for a Toyota Camry calls for a little more work than just picking a company at random. Each auto insurance company has a proprietary method for setting rates, so let’s examine the auto insurance companies with the overall cheapest rates in Kentucky.

It’s a good idea to be aware that Kentucky auto insurance rates are influenced by many factors that control the price you pay. Turning one year older, buying a new vehicle, or having a fender bender may generate price changes resulting in some rates now being more affordable than others.

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Kentucky auto insurance company rankings
Rank Company Cost Per Year
1 Cincinnati Insurance $1,115
2 Kentucky Farm Bureau $1,174
3 USAA $1,175
4 Auto-Owners $1,357
5 Motorists Mutual $1,601
6 Grange Mutual $1,609
7 Travelers $1,614
8 State Farm $1,793
9 Westfield $1,814
10 Safe Auto $1,932
11 Nationwide $2,003
12 Progressive $2,056
13 Electric $2,076
14 State Auto $2,166
15 Encompass $2,312
16 GEICO $2,437
17 Safeco $2,681
18 MetLife $3,146
19 Shelter $3,263
20 Liberty Mutual $3,708
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Cincinnati Insurance offers some of the most affordable car insurance rates in Louisville at around $1,115 per year. This is $1,028 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual would also make the list of some of the lowest-priced Louisville, KY auto insurance companies.

As shown in the rates above, if you are a policyholder with Auto-Owners and switched to Kentucky Farm Bureau, you may see a yearly savings of around $183. Drivers with Motorists Mutual may save as much as $427 a year, and Grange Mutual insureds might reduce prices by as much as $435 a year.

To find the cheapest rates for your vehicle, click here to start your custom quote or quote prices from the following companies.

Be aware that those policy prices are averages for all types of drivers and the different vehicles they drive and and are not calculated with a specific zip code for a Toyota Camry. So the insurer that has the cheapest rates for you may not even be in the top 21 companies shown above. That helps illustrate why you need to get auto insurance quotes using your own individual information.

Get discounts on Louisville car insurance

Discounts on auto insurance for a Toyota CamryInsurance providers that offer cheap quotes for a Toyota Camry may provide policy discounts that may potentially lower prices by 40% or more if you meet specific eligibility requirements. A few popular companies and the discounts they provide are shown below.

The chart below illustrates the comparison of car insurance rates with and without discounts being applied to the rates. Data assumes a male driver, no accidents or driving violations, Kentucky state minimum liability limits, comp and collision included, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with accident-free, vehicle safety, homeowner, defensive driving course, marriage, and safe-driver discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for a Toyota Camry is 28% or $506.

Who has the cheapest Camry insurance?

Kentucky auto insurance rates are determined by lots of factors which can substantially change the policy premium. Simply getting older, adding a teenager to your policy, or getting a ticket for careless driving can trigger price changes that may make certain companies much cheaper than others.

In addition, auto insurance companies file new rates as needed to adjust for gains or losses. Heavy losses may result in higher prices, while lower claim levels can cause cheaper Camry insurance rates.

For instance, the chart below analyzes the cheapest car insurance in Louisville, KY for a 30-year-old male driver with no violations or accidents, and a high credit rating. When comparing rates based on his current risk profile, Cincinnati Insurance might offer the cheapest car insurance rates in Louisville at $1,644 per year. This is $499 less than the average premium paid by Kentucky drivers of $2,143. Kentucky Farm Bureau, USAA, Auto-Owners, and Motorists Mutual are also on the list of the top five cheapest Louisville, KY auto insurance companies.

The next chart shows rates after we give the driver from the above example a chargeable claim, a lower credit score, and an imperfect driving record. Due to the fact that every insurance company has their own guidelines for establishing rates, comparing rates could now result in a completely different list of affordable companies as shown below.

Kentucky Farm Bureau now has the best price on car insurance in Louisville, KY with USAA, Travelers, Cincinnati Insurance, and State Farm now rounding out the top five. This example proves why drivers need to take the time to shop around to find the most budget-friendly car insurance quotes for a Toyota Camry.

Insurance rates can be determined by many factors and change frequently, so the cheapest company six months ago may now be costing you a lot of money.

How to find low-cost auto insurance for a Toyota Camry

The list below summarizes a few money-saving ideas that can help Louisville drivers locate lower-cost coverage.

The final tip is extraordinarily important, as we discussed in the article above. Prices charged by car insurance companies adjust often, so don’t be tentative to switch companies if a cheaper price is available. We understand brand loyalty, but is isn’t recommended if your bullheadedness ends up costing you potentially thousands of dollars a year. In less than five minutes you could shop around to find cheaper car insurance for a Toyota Camry in Louisville.

If you like to have a professional recommendation when shopping for cheaper insurance for a Camry, the insurance agencies below are a good start to aid you in deciding which coverages and limits you need. To locate a Louisville auto insurance agent using an interactive map, click the button at the bottom of the list.

Nationwide Insurance: Jerry Kays Insurance Inc
3701 Taylorsville Rd #1aLouisville, KY 40220(502) 459-0833

Carmel Stauffer – State Farm Insurance Agent
3805 Poplar Level RdLouisville, KY 40213(502) 375-1744

Louisville Kentucky Insurance
4500 Dixie HwyLouisville, KY 40216(502) 447-3711

Find a Louisville, KY insurance agent near you