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 rates for a Toyota Camry are $1,398 a year for full coverage. Comprehensive costs on average $272 each year, collision costs $552, and liability costs around $416. A policy with just liability insurance costs as low as $474 a year, with coverage for high-risk drivers costing around $3,046. Teen drivers receive the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Rate estimates by individual coverage type:

Price estimates include $500 policy deductibles, 30/60 split liability limits, and includes uninsured/under-insured motorist coverage. Rates are averaged for all 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 rates. Rural areas tend to have a lower frequency of accident claims than larger metro areas.

The graphic below illustrates how your location can change car insurance rates.

These examples show why all drivers should compare prices based on a specific location and risk profile, instead of making a decision based on price averages.

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

More Rate Information

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

• The lowest rate with discounts is $798
• Using higher $1,000 deductibles will save around $186 a year
• The average rate for a 40-year-old driver with $500 deductibles is $1,398
• Choosing low deductibles for physical damage coverage will increase the cost to $1,764
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $3,046 or more
• The cost for full coverage for a 16-year-old driver may cost $5,288 or more

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on your driver profile, the trim level of your Camry, and policy deductibles and limits.

More mature drivers with no violations or accidents and high deductibles may pay as low as $1,300 a year for full coverage. Rates are highest for teen drivers, where even good drivers should be prepared to pay upwards of $5,200 a year. View Rates by Age

Where you live has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $920 a year in states like Idaho, Maine, and Iowa, or as much as $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could cut rates by as much as $560 annually, whereas increasing liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $423 more each year. 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 $1,700 to $2,300 additional per year, depending on your age. Insurance for high-risk drivers can be from 43% to 135% 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 do a rate comparison from multiple companies. Each insurance company uses a different rate calculation, and rates can be significantly different from one company to the next.

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

Saving money on insurance for a Toyota Camry requires being a good driver, having a good credit history, eliminating unneeded coverage, and insuring your home and auto with the same company. Invest the time to shop around at least every other year by quoting rates from direct carriers like GEICO and Progressive, and also from your local insurance agents.

The following list is a condensed summary of the car insurance concepts illustrated above.

• Drivers considered higher risk with multiple at-fault accidents will pay on average $1,650 more each year than a safer driver
• Drivers can save as much as $170 per year simply by quoting online in advance
• Increasing deductibles can save around $550 each year
• Insureds who require an increased level of liability coverage will pay about $460 each year to increase from a minimum limit to 250/500 limits

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.