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

Average premium for full coverage: $1,404

Rate estimates for individual coverage type:

Rate estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, 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 has a significant impact on the price of insurance. Areas with sparse population tend to have a lower frequency of comprehensive and collision claims than larger metro areas.

The price range example below illustrates how geographic area affects auto insurance rates.

These examples highlight why anyone shopping for car insurance should compare prices for a specific zip code and risk profile, rather than relying on price averages.

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 additional coverage choices and driver risks.

• The lowest rate with discounts is $801
• Using higher $1,000 deductibles will save about $192 every year
• The average rate for a 40-year-old driver using $500 deductibles is $1,404
• Choosing more expensive low deductibles for physical damage coverage will cost an extra $376 a year
• Drivers with multiple violations and an at-fault accident could pay at least $3,054 or more
• The cost for full coverage for a teen driver with full coverage can be $5,272 or more

View Chart as Image

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

An older driver with a good driving record and high deductibles could pay as little as $1,300 a year for full coverage. Rates are highest for teen drivers, where even good drivers will have to pay as much as $5,200 a year. View Rates by Age

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

View Chart as Image

Choosing high deductibles could cut rates by as much as $570 each year, while increasing your policy's liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will cost as much as $405 extra every year. View Rates by Deductible or Liability Limit

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

With so much variability in rates, the best way to figure out your exact price is to compare rates from as many companies as possible. Each insurance company uses a different rate calculation, and quoted 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 the Best Toyota Camry Insurance

Saving money on Toyota Camry insurance requires having a decent driving record, having good credit, not filing small claims, and maximizing policy discounts. Invest the time to compare rates at least once a year by obtaining price quotes from direct car insurance companies like GEICO and Progressive, and also from several local insurance agents.

The following items are a brief recap of the primary concepts that were presented in the illustrations above.

• You may be able to save up to $170 per year simply by shopping early and online
• High-risk drivers who tend to receive serious violations pay on average $1,650 more every year than a driver with a clean driving record
• Increasing deductibles can save around $575 each year
• 16 to 18-year-old drivers are expensive to insure, as much as $439 per month if they have 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.