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 prices for a Toyota Camry are $1,404 every 12 months with full coverage. Comprehensive costs approximately $282 a year, collision costs $566, and liability coverage costs around $398. Liability-only coverage costs as low as $460 a year, with high-risk coverage costing around $3,054. Teen drivers pay the most at $5,272 a year or more.

Average premium for full coverage: $1,404

Premium estimates by type of coverage:

Estimates include $500 deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all U.S. states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on the price of insurance. Rural locations are statistically proven to have more infrequent collision claims than larger metro areas.

The diagram below illustrates how location helps determine auto insurance prices.

These rate differences demonstrate why it is important to compare prices using their specific location and their own driving history, rather than using price averages.

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

Rate Comparisons

The chart below details estimated Toyota Camry insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $801
• Using higher $1,000 deductibles will save $1,212 annually
• The average price for a 40-year-old good driver who chooses $500 deductibles is $1,404
• Choosing low $100 deductibles for physical damage coverage increases the price to $1,780
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $3,054 or more
• An auto insurance policy to insure a teenage driver can cost $5,272 or more

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on physical damage deductibles and liability limits, your driving record, and the model of your Camry.

Choosing high deductibles could cut prices by as much as $570 a year, while buying higher liability limits will push prices upward. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $405 more per year. View Rates by Deductible or Liability Limit

Older drivers with a clean driving record and higher deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers can expect to pay in the ballpark of $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you may be forking out anywhere from $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy can be around 44% to 135% more than average. View High Risk Driver Rates

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 $1,010 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,900 on average in New York, Michigan, and Florida.

View Chart as Image

With such a large range in prices, the best way to find out who has the cheapest auto insurance prices is to get quotes and see how they stack up. Each insurance company uses a different rate calculation, so the prices will be substantially different.

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 Shop for Low Cost Toyota Camry Insurance

Finding better rates on auto insurance requires not taking risks behind the wheel, having good credit, being claim-free, and maximizing policy discounts. Invest time comparing rates at least once a year by requesting rates from direct companies, and also from insurance agencies where you live.

The following is a review of the primary concepts that were covered in the charts and tables above.

• You may be able to save around $170 per year simply by quoting early and online
• Drivers who have several accidents or serious violations could be forced to pay on average $1,650 more per year for Camry insurance
• Increasing policy deductibles could save as much as $575 each year
• Teens are expensive to insure, possibly costing $439 per month if they have full coverage

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.