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 with full coverage. Comprehensive costs an estimated $282 each year, collision insurance costs $566, and liability coverage costs around $398. Liability-only coverage costs as low as $460 a year, and high-risk coverage costs around $3,054. Teenage drivers receive the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Rate estimates broken down by individual coverage type:

Full coverage includes $500 policy deductibles, split liability limits of 30/60, and includes UM/UIM and medical coverage. Rates are averaged for all U.S. states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a large influence on car insurance rates. More rural locations tend to have lower incidents of collision claims than densely populated cities. The graphic below illustrates how your location can change insurance prices.

These examples demonstrate why all drivers should compare prices for a targeted area, rather than using average rates.

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

Rates by State, City, and Model

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save approximately $192 annually
• The estimated price for a 40-year-old driver who has $500 deductibles is $1,404
• Using low deductibles for physical damage coverage bumps up the cost to $1,780
• Higher-risk drivers who are prone to accidents and violations could pay up to $3,054
• The cost that insures a teenage driver can cost as much as $5,272 or more

View Chart as Image

Car insurance rates for a Toyota Camry can also vary considerably based on the trim level and model year, your age and driving habits, and liability limits and deductibles.

If you like to drive fast or you caused an accident, you may be forking out $1,700 to $2,300 extra per year, depending on your age. Insurance for high-risk drivers can be around 44% to 135% more than a normal policy. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 a year for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged at least $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 $1,010 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $1,900 on average in New York, Michigan, and Florida.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $570 a year, whereas increasing liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $405 extra every 12 months. 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 More Affordable Toyota Camry Insurance

Saving money on auto insurance requires being safe and accident-free, having a positive credit history, eliminating unnecessary coverage, and possibly higher deductibles. Compare prices at least once a year by requesting quotes from direct companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

Below you'll find a summary of the primary concepts that were illustrated above.

• You may be able to save approximately $170 per year just by quoting online in advance
• Drivers who have multiple accidents or major violations could be forced to pay on average $1,650 more annually than a low-risk driver
• Increasing deductibles can save approximately $575 each year
• Youthful drivers have the highest car insurance rates, with premiums as much as $439 per month if full coverage is purchased

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.