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.

U.S. average insurance rates for a Toyota Camry are $1,404 a year for full coverage. Comprehensive insurance costs an estimated $282, collision insurance costs $566, and liability insurance costs $398. Liability-only coverage costs as little as $460 a year, and high-risk coverage costs $3,054 or more. 16-year-old drivers pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates broken down by individual coverage:

Prices are based on $500 deductible amounts, 30/60 liability limits, and includes both medical and UM/UIM coverage. Estimates are averaged for all states and for different Camry trim levels.

Price Range from Low to High

Geographic Price Range

Your location has a significant impact on insurance rates. More rural locations have lower incidents of accident claims than congested cities. The price range example below illustrates the difference location can make on insurance prices.

The ranges above show why anyone shopping for car insurance should compare rates for a targeted area, rather than relying on rate averages.

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

Rate Comparisons

The chart below shows average Toyota Camry insurance rates for other coverage scenarios.

• The best full coverage rate is $801
• Drivers who choose higher $1,000 deductibles will pay approximately $192 a year
• The estimated price for the average middle-age driver who has $500 deductibles is $1,404
• Buying more expensive low deductibles for comprehensive and collision insurance will cost an additional $376 a year
• High risk drivers with multiple tickets or accidents could pay up to $3,054
• The price that insures a teen driver with full coverage can cost as much as $5,272 a year

View Chart as Image

Auto insurance prices for a Toyota Camry are also quite variable based on the model year and trim level, how you drive, and liability limits and deductibles.

If you have some driving violations or you caused an accident, you could be paying $1,700 to $2,300 in extra premium each year, depending on your age. High-risk driver insurance can cost anywhere from 44% to 135% more than the average rate. View High Risk Driver Rates

An older driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,300 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay at least $5,200 a year. View Rates by Age

The state you live in makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $930 a year in states like Iowa, Maine, and Idaho, or at least $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could save up to $570 each year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 extra every year. View Rates by Deductible or Liability Limit

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 Affordable Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance not only requires having a good driving record, but also maintaining a good credit score, eliminating unnecessary coverage, and consideration of higher deductibles. Comparison shop at every policy renewal by requesting quotes from direct carriers, and also from your local independent and exclusive agents.

The next list is a brief review of the data touched on in this article.

• Drivers who want increased levels of liability coverage will pay around $440 each year to go from a low limit to the 250/500 level
• Drivers can save approximately $170 per year just by shopping early and online
• Increasing physical damage deductibles can save approximately $575 each year
• Drivers age 20 and younger are the costliest to insure, with premiums as much as $439 a month if the policy includes full coverage

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.