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.

Estimated insurance rates for a Toyota Camry are $1,404 a year including full coverage. Comprehensive insurance costs an estimated $282 each year, collision insurance costs $566, and liability insurance costs around $398. Liability-only insurance costs as low as $460 a year, and high-risk driver insurance costs $3,054 or more. Teenage drivers pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates broken down by type of coverage:

Price estimates include $500 deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a significant impact on the price of auto insurance. More rural locations are statistically proven to have lower incidents of comprehensive and collision claims than densely populated cities. The graphic below illustrates how your location can change insurance prices.

These rate differences highlight why all drivers should compare prices for a targeted area, rather than relying on average rates.

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

Additional Rate Analysis

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save approximately $192 every year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,404
• Using low deductibles for physical damage coverage will cost an additional $376 a year
• Drivers who are prone to accidents and violations could pay up to $3,054
• An auto insurance policy that insures a teen driver can cost as much as $5,272 or more

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the trim level and model year, your driving record and age, and liability limits and deductibles.

If you have a few violations or you caused an accident, you are likely paying $1,700 to $2,300 additional annually, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 135% more than a normal policy. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records should be prepared to pay at least $5,200 a year. View Rates by Age

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

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $570 each year, whereas increasing liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $405 more each year. 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 Cheaper Toyota Camry Insurance

Finding better rates on Toyota Camry insurance requires not taking risks behind the wheel, having a good credit score, refrain from filing small claims, and possibly raising deductibles. Compare prices every couple of years by getting quotes from direct car insurance companies, and also from your local car insurance providers.

The following is a condensed summary of the material that was illustrated above.

• Drivers who want higher liability limits will pay an extra $440 per year to increase from 30/60 bodily injury limits to the 250/500 level
• Teens are expensive to insure, with the cost nearing $439 per month if comprehensive and collision insurance is included
• High-risk drivers with multiple at-fault accidents could be charged and average of $1,650 more annually for Camry insurance
• Increasing policy deductibles can save approximately $575 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.