Toyota Camry Insurance Rates

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Luke Williams

Insurance and Finance Writer

Luke Williams is a finance, insurance, real estate, and home improvement expert based in Philadelphia, Pennsylvania, specializing in writing and researching for consumers. He studied finance, economics, and communications at Pennsylvania State University and graduated with a degree in Corporate Communications.  His insurance and finance writing has been featured on Spoxor, The Good Men Proje...

Insurance and Finance Writer

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.

U.S. average insurance prices for a Toyota Camry are $1,192 every 12 months including full coverage. Comprehensive insurance costs on average $206 each year, collision costs $368, and liability costs around $460. Liability-only coverage costs as low as $510 a year, with high-risk coverage costing $2,588 or more. 16-year-old drivers pay the highest rates at $4,674 a year or more.

Average premium for full coverage: $1,192

Price estimates by individual coverage:

Comprehensive $206
Collision $368
Liability $460

Prices include $500 policy deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and Camry models.

Price Range from Low to High

For an average driver, Toyota Camry insurance prices go from the cheapest price of $510 for just the minimum liability insurance to a high rate of $2,588 for a driver required to buy high-risk insurance.

Liability Only $510
Full Coverage $1,192
High Risk $2,588

Geographic Price Range

Where you live can make a big difference on car insurance rates. Rural areas have more infrequent comprehensive and collision claims than congested cities.

The graphic below illustrates the effect of geographic area on car insurance rates.

Rural Areas $894
Small Cities $1,252
Large Cities $1,609

The ranges above highlight why all drivers should compare prices based on a 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.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Analysis

The chart below breaks down estimated Toyota Camry insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $697
  • Using higher $1,000 deductibles will save around $130 every year
  • The average price for the average middle-age driver with $500 deductibles is $1,192
  • Buying low deductibles for physical damage coverage costs an extra $254 annually
  • High-risk insureds with multiple tickets or accidents could pay upwards of $2,588 or more
  • The price to insure a 16-year-old driver may cost $4,674 or more

View Chart as Image

Toyota Camry insurance cost comparison chart
Column chart showing full coverage Toyota Camry insurance prices range from $697 to $4,674

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

Opting for high physical damage deductibles could cut prices by as much as $390 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by 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 $1,100 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers will have to pay upwards of $4,600 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying at a minimum $1,400 to $2,000 in extra premium each year, depending on your age. Insurance for high-risk drivers can be from 43% to 131% more than the average rate. View High Risk Driver Rates

The state you live in has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see prices as low as $920 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,700 on average in Michigan, New York, and Louisiana.

Toyota Camry Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,078 -$114 -9.6%
Alaska $914 -$278 -23.3%
Arizona $990 -$202 -16.9%
Arkansas $1,192 -$0 0.0%
California $1,358 $166 13.9%
Colorado $1,140 -$52 -4.4%
Connecticut $1,224 $32 2.7%
Delaware $1,348 $156 13.1%
Florida $1,490 $298 25.0%
Georgia $1,100 -$92 -7.7%
Hawaii $856 -$336 -28.2%
Idaho $808 -$384 -32.2%
Illinois $886 -$306 -25.7%
Indiana $896 -$296 -24.8%
Iowa $802 -$390 -32.7%
Kansas $1,132 -$60 -5.0%
Kentucky $1,626 $434 36.4%
Louisiana $1,764 $572 48.0%
Maine $736 -$456 -38.3%
Maryland $984 -$208 -17.4%
Massachusetts $954 -$238 -20.0%
Michigan $2,070 $878 73.7%
Minnesota $998 -$194 -16.3%
Mississippi $1,428 $236 19.8%
Missouri $1,056 -$136 -11.4%
Montana $1,280 $88 7.4%
Nebraska $940 -$252 -21.1%
Nevada $1,430 $238 20.0%
New Hampshire $860 -$332 -27.9%
New Jersey $1,334 $142 11.9%
New Mexico $1,056 -$136 -11.4%
New York $1,256 $64 5.4%
North Carolina $686 -$506 -42.4%
North Dakota $976 -$216 -18.1%
Ohio $824 -$368 -30.9%
Oklahoma $1,224 $32 2.7%
Oregon $1,092 -$100 -8.4%
Pennsylvania $1,138 -$54 -4.5%
Rhode Island $1,592 $400 33.6%
South Carolina $1,080 -$112 -9.4%
South Dakota $1,006 -$186 -15.6%
Tennessee $1,044 -$148 -12.4%
Texas $1,438 $246 20.6%
Utah $882 -$310 -26.0%
Vermont $816 -$376 -31.5%
Virginia $714 -$478 -40.1%
Washington $922 -$270 -22.7%
West Virginia $1,092 -$100 -8.4%
Wisconsin $824 -$368 -30.9%
Wyoming $1,062 -$130 -10.9%

View Chart as Image

Toyota Camry insurance rates by U.S. city

Since prices can be so different, the best way to figure out exactly what you will pay is to do a rate comparison from multiple companies. Each insurance company utilizes a different rate formula, and quoted prices may be quite different.

Insurance Rates by Trim Level and Model Year

Toyota Camry Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Camry LE $1,136 $95
Toyota Camry SE $1,164 $97
Toyota Camry XLE $1,192 $99
Toyota Camry Hybrid $1,302 $109

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.

Toyota Camry Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Toyota Camry $262 $530 $430 $1,380
2019 Toyota Camry $248 $512 $442 $1,360
2018 Toyota Camry $238 $474 $452 $1,322
2017 Toyota Camry $230 $446 $456 $1,290
2016 Toyota Camry $220 $400 $460 $1,238
2015 Toyota Camry $206 $368 $460 $1,192
2014 Toyota Camry $198 $346 $464 $1,166
2013 Toyota Camry $194 $322 $474 $1,148
2012 Toyota Camry $180 $300 $474 $1,112
2011 Toyota Camry $174 $272 $478 $1,082
2010 Toyota Camry $162 $248 $474 $1,042
2009 Toyota Camry $152 $226 $474 $1,010
2008 Toyota Camry $148 $202 $468 $976
2007 Toyota Camry $146 $198 $460 $962
2006 Toyota Camry $144 $188 $452 $942
2005 Toyota Camry $132 $180 $446 $916
2004 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 Shop for the Right Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry requires being safe and accident-free, having a good credit score, being claim-free, and taking advantage of discounts. Take the time to compare rates at every policy renewal by requesting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

Below you'll find a quick rundown of the data covered in the above illustrations.

  • Insureds who require more liability protection will pay around $510 per year to increase from a low limit to a 250/500 level
  • You may be able to save as much as $140 per year simply by quoting online in advance
  • Increasing physical damage deductibles could save as much as $375 each year
  • Youthful drivers are charged the highest prices, possibly costing $390 a month if comprehensive and collision insurance is included

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.

Rates by Driver Age

Toyota Camry Insurance Rates by Driver Age
Driver Age Premium
16 $4,674
20 $2,762
30 $1,226
40 $1,192
50 $1,092
60 $1,070

Full coverage, $500 deductibles

Rates by Deductible

Toyota Camry Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,446
$250 $1,326
$500 $1,192
$1,000 $1,062

Full coverage, driver age 40

Rates by Liability Limit

Toyota Camry Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,192
50/100 $1,406
100/300 $1,536
250/500 $1,874
100 CSL $1,458
300 CSL $1,744
500 CSL $1,952

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Camry Insurance Rates for High Risk Drivers
Age Premium
16 $6,626
20 $4,404
30 $2,626
40 $2,588
50 $2,476
60 $2,454

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.

SR-22 Surcharge $166

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $62
Multi-vehicle $65
Homeowner $20
5-yr Accident Free $82
5-yr Claim Free $77
Paid in Full/EFT $49
Advance Quote $57
Online Quote $83
Total Discounts $495
Rate after discounts $697

Discounts are estimated and may not be available from every company or in every state.

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