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 prices for a Toyota Camry are $1,238 every 12 months including full coverage. Comprehensive costs approximately $220 each year, collision costs $400, and liability costs around $460. Buying just liability costs as low as $510 a year, with insurance for high-risk drivers costing around $2,688. 16-year-old drivers receive the highest rates at $4,822 a year or more.

Average premium for full coverage: $1,238

Rate estimates by individual coverage type:

Prices are based on $500 policy deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 U.S. states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on car insurance prices. Rural locations tend to have more infrequent comprehensive and collision claims than congested cities.

The graphic below illustrates how your location can change auto insurance prices.

These examples highlight why all drivers should compare prices using their specific location and their own driving history, instead of making a decision based on rate 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 and risk scenarios.

• The best full coverage rate is $723
• Using higher $1,000 deductibles will save $142 every year
• The average price for a 40-year-old driver who chooses $500 deductibles is $1,238
• Buying low deductibles for physical damage coverage increases the price to $1,510
• High-risk insureds with multiple tickets or accidents could pay around $2,688 or more
• The cost to insure a 16-year-old driver can cost $4,822 or more

View Chart as Image

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

Opting for high physical damage deductibles could cut rates by as much as $420 annually, whereas increasing liability limits will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $468 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles may pay as low as $1,200 a year for full coverage. Rates are highest for teen drivers, since even excellent drivers will have to pay in the ballpark of $4,800 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying anywhere from $1,500 to $2,100 in extra premium per year, depending on your age. Insurance for high-risk drivers can be from 44% to 135% more than the average rate. View High Risk Driver Rates

Where you live has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $950 a year in states like Vermont, New Hampshire, and Missouri, or at least $1,770 on average in Louisiana, New York, and Michigan.

View Chart as Image

With so much variability in rates, the best way to figure out who has the best auto insurance rates is to do a rate comparison from multiple companies. Each insurance company utilizes a different rate formula, and quoted rates can be significantly different.

Insurance Rates by Trim Level and Model Year

Rates assume 2015 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 Shop for Affordable Toyota Camry Insurance

Saving money on insurance for a Toyota Camry requires avoiding accidents and claims, having a good credit score, not filing small claims, and not having any coverage lapses. Invest the time to shop around every couple of years by requesting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local car insurance providers.

The points below are a brief review of the material that was illustrated above.

• Insureds who purchase increased liability limits will pay around $510 per year to increase from a minimum limit to a 250/500 level
• Drivers under the age of 20 have the highest car insurance rates, as much as $402 per month if comprehensive and collision insurance is included
• Drivers considered higher risk with DUI or reckless driving convictions could be charged and average of $1,450 more per year to insure a Toyota Camry
• Increasing deductibles could save as much as $425 each year

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.