Toyota Camry Insurance Rates

You may be asking, “What is the Toyota Camry insurance cost per month?” Toyota Camry insurance rates are $1,432 a year, or around $119 a month on average. 

There are a number of factors that ultimately determine Toyota Camry insurance costs, such as the model year of the vehicle. For example, 2018 Camry insurance costs are more affordable than the newest model. 

Let our thorough guide serve as your main point of reference as you explore Toyota Camry car insurance quotes. Once you’re ready, be sure to enter your five-digit ZIP code to start comparing Toyota Camry insurance rates from multiple companies.

Average insurance rates for a Toyota Camry are $1,404 a year including full coverage. Comprehensive insurance costs an estimated $282, collision costs $566, and liability costs around $398. A liability-only policy costs as low as $460 a year, with high-risk insurance costing $3,054 or more. Teens receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates broken down by individual coverage type:

Estimates include $500 physical damage deductibles, 30/60 split liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 U.S. states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.

The price range example below illustrates how rural and urban location affects insurance prices.

These examples highlight why anyone shopping for car insurance should compare prices for a targeted area and risk profile, instead of making a decision based on averaged prices.

Use the form below to get customized rates for your location.

Additional Rate Details

The chart below breaks down estimated Toyota Camry insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $801
• Using higher $1,000 deductibles will save approximately $192 every year
• The average rate for a 40-year-old driver who has $500 deductibles is $1,404
• Selecting more expensive low deductibles for physical damage coverage will cost an extra $376 annually
• High-risk insureds with serious driving violations could pay up to $3,054 or more
• The cost for full coverage for a 16-year-old driver with full coverage can cost as much as $5,272 or more

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on your driver profile, the model of your Camry, and liability limits and deductibles.

An older driver with a clean driving record and high deductibles may pay as low as $1,300 a year for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay at least $5,200 a year. View Rates by Age

Where you live has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $1,080 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $570 annually, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $405 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are likely paying $1,700 to $2,300 extra per year, depending on your age. High-risk driver insurance can be from 44% to 135% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the best way to figure out which company is cheapest is to compare rates from multiple companies. Each insurance company calculates rates differently, so the rates can be significantly different from one company to the next.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Low Cost Toyota Camry Insurance

Saving money on insurance for a Toyota Camry requires being a safe and courteous driver, maintaining good credit, not filing small claims, and taking advantage of discounts. Set aside time to shop around at least every other year by getting quotes from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.

Below is a review of the car insurance concepts raised in the charts and tables above.

• Drivers considered higher risk who have several accidents or serious violations may pay on average $1,650 more annually for auto insurance
• You may be able to save approximately $170 per year simply by shopping early and online
• Increasing deductibles can save around $575 each year
• Insureds who want higher levels of liability will pay approximately $440 per year to increase from a minimum limit to 250/500 limits

As you can see from the information we’ve gone over to this point, it’s clear that there are differences in costs when it comes to a Toyota Camry insurance policy. For example, 2015 Toyota Camry insurance costs are more expensive than 2012 Toyota Camry insurance costs.

The best way to find out what you might pay is by taking advantage of our free online tool below.

What are the Toyota Camry safety ratings?

It’s important to consider the safety ratings of the Toyota Camry to get a proper understanding of where you might qualify for policy discounts. 

Take a look at the safety ratings of the Toyota Camry below so you can see where you might be eligible for policy discounts.

• Small overlap front (driver-side): Good
• Small overlap front (passenger-side): Good
• Moderate overlap front: Good
• Side: Good
• Roof strength: Good
• Head restraints and seats: Good

For a frame of reference, the Insurance Institute for Highway Safety classifies “Good” as the highest rating possible. The Toyota Camry achieved that mark in every part of the car that was tested, meaning it absolutely aced the crash test.

Toyota Camry Compared Against Other Vehicles in the Same Class

Officially, the Toyota Camry is classified as a midsize four-door sedan by the Insurance Institute for Highway Safety. Other similar models include the following:

• Honda Accord
• Subaru Legacy
• Volkswagen Passat

When providing you with a quote, insurance companies will consider the loss percentages of the Toyota Camry as it compares to other similar models in this class.

The good news is that the Toyota Camry reflects a property damage liability loss percentage of -39 percent and a bodily injury liability loss percentage of -28 percent. Both of these figures are considered way above average for this vehicle class.

Now that we have gone into great detail about how Toyota Camry insurance rates are calculated, is there anything we might have missed? If not, start comparing Toyota Camry quotes from multiple companies through the use of our free online tool.