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 auto insurance rates for a Toyota Camry are $1,404 annually with full coverage. Comprehensive insurance costs around $282 each year, collision costs $566, and liability is $398. Liability-only coverage costs around $460 a year, with high-risk coverage costing $3,054 or more. Teen drivers pay the most at $5,272 a year or more.

Average premium for full coverage: $1,404

Premium estimates for type of coverage:

Price estimates include $500 policy deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Rates include averaging for all U.S. states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can make a big difference on insurance rates. Areas with sparse population are statistically proven to have fewer collision claims than larger metro areas.

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

These rate differences demonstrate why all drivers should compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based on price averages.

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

Detailed Rate Analysis

The chart below details estimated Toyota Camry insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $801
• Raising to $1,000 deductibles will save about $192 annually
• The estimated rate for a 40-year-old good driver using $500 deductibles is $1,404
• Choosing low deductibles costs an additional $376 annually
• Drivers with multiple violations and an at-fault accident could pay at least $3,054 or more
• An auto insurance policy with full coverage for a 16-year-old driver can be $5,272

View Chart as Image

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

More mature drivers with a clean driving record and high physical damage deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay as much as $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out at least $1,700 to $2,300 extra annually, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce prices by up to $570 annually, whereas increasing liability limits will increase prices. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $405 more per year. View Rates by Deductible or Liability Limit

Where you choose to live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

With such a large range in prices, the best way to find out your exact price is to do a rate comparison from multiple companies. Every auto insurance company uses a different rate calculation, so the prices will be substantially different between companies.

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 Buy Cheaper Toyota Camry Insurance

Finding better rates on insurance for a Toyota Camry consists of being safe and accident-free, having a good credit history, being claim-free, and insuring your home and auto with the same company. Take the time to compare rates at least every other year by quoting rates from direct companies, and also from local exclusive and independent agents.

Below you'll find a condensed summary of the car insurance concepts covered in the above illustrations.

• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,650 more every year than a low-risk driver
• You may be able to save up to $170 per year simply by quoting online in advance
• Increasing policy deductibles could save up to $575 each year
• Insureds who may need more liability protection will pay about $440 every year to raise from 30/60 bodily injury limits to higher 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.