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.

U.S. average insurance rates for a Toyota Camry are $1,404 a year for full coverage insurance. Comprehensive insurance costs an estimated $282 a year, collision insurance costs $566, and liability insurance costs around $398. Buying just liability costs as low as $460 a year, and insurance for high-risk drivers costs $3,054 or more. 16-year-old drivers pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates broken down by individual coverage:

Prices include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 states and Camry trim levels.

Price Range from Low to High

Geographic Price Range

Where you live has a significant impact on the price of insurance. More rural locations have a lower frequency of physical damage claims than congested cities. The diagram below illustrates the difference location can make on insurance prices.

The ranges above illustrate why it is important to compare prices for a targeted area and risk profile, rather than relying on rate averages.

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

Additional Rate Information

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

• The best full coverage rate is $801
• Using higher $1,000 deductibles will save approximately $1,212 each year
• The average rate for the average middle-age driver who has $500 deductibles is $1,404
• Buying low $100 deductibles for physical damage coverage will cost an extra $376 a year
• Drivers with multiple tickets or accidents could pay up to $3,054
• The price for full coverage for a teen driver can cost as much as $5,272 or more

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on your driving record, the model year and trim level, and liability limits and deductibles.

Older drivers with no violations or accidents and high deductibles could pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, where even good drivers should be prepared to pay at least $5,200 a year. View Rates by Age

The state you live in has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,900 on average in Florida, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $570 each year, while buying higher liability limits will increase premiums. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $405 more each year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying $1,700 to $2,300 additional each year, depending on your age. A high-risk auto insurance policy can be anywhere from 44% to 135% more than the average rate. View High Risk Driver Rates

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 the Right Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance requires avoiding accidents and violations, having a good credit history, not filing small claims, and possibly raising deductibles. Make time to compare rates every time your policy renews by requesting rates from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.

The list below is a quick rundown of the information touched on in this article.

• It is possible to save approximately $170 per year just by quoting early and online
• Teenagers are expensive to insure, as much as $439 a month including comprehensive and collision insurance
• Increasing physical damage deductibles can save around $575 each year
• High-risk drivers with reckless driving or DUI convictions pay on average $1,650 more annually for car insurance
• Drivers who want higher liability limits will pay around $440 annually to increase from a low 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.