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 including full coverage. Comprehensive insurance costs around $282 a year, collision costs $566, and liability is estimated at $398. Liability-only coverage costs approximately $460 a year, with high-risk coverage costing $3,054 or more. 16-year-old drivers pay the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Price estimates for individual coverage:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and Camry trim levels.

Price Range from Low to High

Geographic Price Range

Living in a larger city can make a big difference on the price of insurance. Areas with sparse population have a lower frequency of comprehensive and collision claims than congested cities.

The diagram below illustrates how location impacts auto insurance rates.

The ranges above highlight why it is important to get quotes for a specific zip code and risk profile, instead of making a decision based on rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save about $1,212 every year
• The average rate for the average middle-age driver using $500 deductibles is $1,404
• Buying low $100 deductibles for comp and collision coverage will cost an extra $376 annually
• Higher-risk drivers with multiple tickets or accidents could pay at least $3,054 or more
• The price for full coverage for a 16-year-old driver can be $5,272 each year

View Chart as Image

Auto insurance prices for a Toyota Camry are also quite variable based on your driving record, the model of your Camry, and deductibles and policy limits.

Older drivers with a good driving record and high deductibles may pay as low as $1,300 annually on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay as much as $5,200 a year. View Rates by Age

The state you live in plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $1,080 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,000 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles can save as much as $570 annually, while buying higher liability limits will increase prices. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $405 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying at least $1,700 to $2,300 in extra premium each year, depending on your age. A high-risk auto insurance policy ranges from 44% to 135% more than the average rate. View High Risk Driver Rates

Since prices can be so different, the best way to figure out your exact price is to get quotes from multiple companies. Each auto insurer utilizes a different rate formula, and quoted prices may be quite 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

Getting lower rates on insurance for a Toyota Camry takes having a decent driving record, having good credit, being claim-free, and maximizing policy discounts. Spend time shopping around every year by requesting rates from direct car insurance companies like Progressive and GEICO, and also from several local insurance agents.

The following items are a review of the coverage data touched on above.

• You may be able to save up to $170 per year simply by quoting early and online
• Increasing physical damage deductibles can save around $575 each year
• 16 to 18-year-old drivers are expensive to insure, possibly costing $439 a month if they have full coverage
• Drivers considered higher risk who have several accidents or serious violations pay on average $1,650 more every year than a driver with a clean driving record

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.