A lot of people don’t understand how this works.
A lot of times you’re going to buy a car and it will cost you an auto insurance policy.
You don’t need to pay any extra out of pocket.
But Toyota is saying that for next three years it will not be able to provide auto insurance to Toyota Camrys.
The reason is because of the state law that requires auto insurance carriers to offer a lower premium rate for Toyota vehicles.
“We have no choice but to charge our customers the same rate,” said Toyota spokesman John Hagerty.
If you own a Toyota Camy, you may be able try to negotiate with the insurance company, but it will be expensive.
Toyota Camrys are currently priced at $25,000 per year, according to the National Association of Insurance Commissioners.
They also have a $6,500 deductible, and it may cost $2,000 or more to get the same policy from a different insurance carrier, depending on the age and health of the owner.
This means that for every $10,000 Toyota Camaro or Camry you purchase, you’re paying more than $5,000 more in auto insurance.
That is why Toyota’s policy is limited to the next two and a half years, and only if your policy expires in January 2020.
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