Toyota Camry Insurance Rates
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UPDATED: Sep 6, 2022
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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 $1,290 a year for full coverage. Comprehensive costs on average $230 a year, collision costs $446, and liability insurance costs $456. A liability-only policy costs as little as $508 a year, with high-risk insurance costing around $2,808. Teen drivers receive the highest rates at $4,994 a year or more.
Average premium for full coverage: $1,290
Rate estimates by individual coverage type:
Rates include $500 deductibles, 30/60 liability limits, and includes uninsured motorist coverage. Rates are averaged for all states and Camry trim levels.
Price Range by Coverage and Risk
For a middle-aged driver, prices range go from as low as $508 for only liability insurance to a high of $2,808 for a high risk driver.
Price Range by Location
Your location has a significant impact on car insurance rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.
The diagram below illustrates the effect of location on car insurance rates.
These examples show why it is important to compare rates based on a specific location and risk profile, rather than relying on price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Insurance Rate Analysis
The chart below shows estimated Toyota Camry insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $746
- Drivers who choose higher $1,000 deductibles will pay around $1,136 a year
- The average rate for a 40-year-old driver with $500 deductibles is $1,290
- Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,590
- High risk drivers with multiple violations and an at-fault accident could pay upwards of $2,808 or more
- The cost for full coverage for a teen driver may cost $4,994 a year
for a Toyota Camry can also vary considerably based on your driver profile, the trim level of your Camry, and policy deductibles and limits.
Older drivers and high deductibles could pay as little as $1,200 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers upwards of $4,900 a year. View Rates by Age
Where you live makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $850 a year in states like Idaho, Maine, and Iowa, or as much as $1,840 on average in Michigan, Louisiana, and New York.
|State||Premium||Compared to U.S. Avg||Percent Difference|
Choosing high deductibles could save up to $460 each year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $462 . View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,600 to $2,200 per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 44% to 138% more than average. View High Risk Driver Rates
With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, can be significantly different from one company to the next.
Insurance Rates by Trim Level and Model Year
|Model and Trim||Annual Premium||Monthly Premium|
|Toyota Camry LE||$1,222||$102|
|Toyota Camry SE||$1,256||$105|
|Toyota Camry XLE||$1,290||$108|
|Toyota Camry Hybrid||$1,404||$117|
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.
|Model Year||Comprehensive||Collision||Liability||Total Premium|
|2020 Toyota Camry||$282||$566||$398||$1,404|
|2019 Toyota Camry||$272||$552||$416||$1,398|
|2018 Toyota Camry||$262||$530||$430||$1,380|
|2017 Toyota Camry||$248||$512||$442||$1,360|
|2016 Toyota Camry||$238||$474||$452||$1,322|
|2015 Toyota Camry||$230||$446||$456||$1,290|
|2014 Toyota Camry||$220||$400||$460||$1,238|
|2013 Toyota Camry||$206||$368||$460||$1,192|
|2012 Toyota Camry||$198||$346||$464||$1,166|
|2011 Toyota Camry||$194||$322||$474||$1,148|
|2010 Toyota Camry||$180||$300||$474||$1,112|
|2009 Toyota Camry||$174||$272||$478||$1,082|
|2008 Toyota Camry||$162||$248||$474||$1,042|
|2007 Toyota Camry||$152||$226||$474||$1,010|
|2006 Toyota Camry||$148||$202||$468||$976|
|2005 Toyota Camry||$146||$198||$460||$962|
|2004 Toyota Camry||$144||$188||$452||$942|
|2003 Toyota Camry||$132||$180||$446||$916|
|2002 Toyota Camry||$126||$170||$442||$896|
Rates are averaged for all Toyota Camry models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.
How to Find Cheaper Toyota Camry Insurance
Saving money on Toyota Camry insurance not only requires being a safe driver, but also maintaining good credit, eliminating unneeded coverage, and bundling your home and auto policies. Take the time to shop around at least every two years by getting price quotes from direct carriers like GEICO and Progressive, and also from your local insurance agents.
Here is a summary of the information that was covered in this article.
- Increasing deductibles can save around $450 each year
- Drivers can save as much as $150 per year simply by quoting early and online
- Drivers who require more liability insurance will pay about $500 each year to go from a minimum limit to 250/500 limits
- Young drivers pay the highest rates, costing as high as $416 per month for full coverage
- High-risk drivers that have multiple accidents or serious violations will pay on average $1,520 more each year for insurance
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.
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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:
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.
Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$92|
|5-yr Claim Free||$84|
|Paid in Full/EFT||$56|
Discounts are estimated and may not be available from every company or in every state.