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 around $282 each year, collision costs $566, and liability costs $398. Buying just liability costs as little as $460 a year, with insurance for high-risk drivers costing $3,054 or more. Teen drivers pay the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Price estimates for individual coverage:

Rates are based on $500 policy deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Estimates are averaged for all states and Camry models.

Price Range from Low to High

Geographic Price Range

Your location can have significant affects on auto insurance rates. Areas with sparse population have lower incidents of accident claims than larger metro areas.

The graphic below illustrates the difference between rural and urban areas on auto insurance rates.

The ranges above show why all drivers should compare rates for a specific zip code, instead of using price averages.

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

Detailed Rate Analysis

The chart below shows estimated Toyota Camry insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $801
• Drivers who choose higher $1,000 deductibles will pay about $192 a year
• The estimated price for the average middle-age driver using $500 deductibles is $1,404
• Choosing low deductibles for comprehensive and collision insurance will cost an additional $376 every year
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $3,054 or more
• The price that insures a teen driver can be $5,272 a year

View Chart as Image

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

If you have some driving violations or you caused an accident, you could be paying at least $1,700 to $2,300 additional each year, depending on your age. Insurance for high-risk drivers can cost as much as 44% to 135% more than average. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may 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 should be prepared to pay as much as $5,200 a year. View Rates by Age

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

View Chart as Image

Choosing high deductibles could save up to $570 every year, whereas increasing liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know your exact price is to do a rate comparison and see which company has the best price. Every company uses a different rate calculation, and prices may be quite different.

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 the Best Cheap Toyota Camry Insurance

Getting lower rates on car insurance not only requires being safe and accident-free, but also having a good credit score, eliminating unnecessary coverage, and taking advantage of discounts. Shop around at every policy renewal by requesting rates from direct carriers, and also from several local insurance agents.

Below you'll find a quick review of the data covered above.

• Policyholders who may need more liability protection will pay about $440 each year to go from a low limit to the 250/500 level
• Drivers can save up to $170 per year simply by quoting online in advance
• Increasing physical damage deductibles can save approximately $575 each year
• Youthful drivers are charged the highest prices, with premiums as much as $439 a month if comprehensive and collision insurance is included

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.