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 prices for a Toyota Camry are $1,404 every 12 months with full coverage. Comprehensive costs around $282, 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 highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Price estimates for individual coverage:

Rates are based on $500 deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and for different Camry trim levels.

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on insurance rates. Areas with sparse population have more infrequent collision claims than larger metro areas.

The price range example below illustrates how location helps determine auto insurance rates.

The ranges above demonstrate why anyone shopping for car insurance should compare prices for a specific zip code and their own driving history, rather than using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $801
• Using higher $1,000 deductibles will save about $192 annually
• The average price for the average middle-age driver using $500 deductibles is $1,404
• Choosing more expensive low deductibles for physical damage coverage increases the price to $1,780
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $3,054 or more
• The price to insure a teenage driver with full coverage can be $5,272 or more

View Chart as Image

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

Choosing high deductibles could cut prices by as much as $570 a year, while increasing your policy's liability limits will increase prices. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $405 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may only pay around $1,300 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers will have to pay as much as $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out at least $1,700 to $2,300 in extra premium each year, depending on your age. High-risk driver insurance can be around 44% to 135% more than average. View High Risk Driver Rates

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 $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

Since prices can be so different, the best way to find out your exact price is to compare prices and see how they stack up. Each insurance company uses a different rate calculation, and quoted prices may be quite 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 the Best Cheap Toyota Camry Insurance

Getting lower rates on auto insurance requires not taking risks behind the wheel, having a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Invest time comparing rates every year by obtaining price quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following is a quick review of the coverage data covered in the charts and tables above.

• You may be able to save up to $170 per year simply by shopping early and online
• Increasing physical damage deductibles could save as much as $575 each year
• Teens are expensive to insure, costing up to $439 a month if comprehensive and collision insurance is included
• Drivers with a DUI or reckless driving violation pay on average $1,650 more every year for Camry insurance

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.