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.

The average insurance prices for a Toyota Camry are $1,404 every 12 months for full coverage. Comprehensive costs on average $282 each year, collision costs $566, and liability insurance is estimated at $398. Liability-only insurance costs approximately $460 a year, with high-risk driver insurance costing around $3,054. 16-year-old drivers cost the most to insure at $5,272 a year or more.

Average premium for full coverage: $1,404

Policy rates by type of insurance:

Prices include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes both medical and UM/UIM coverage. Prices are averaged for all states and Camry models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. Rural areas are shown to have more infrequent accident claims than congested cities.

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

The examples above show why all drivers should get quotes based on a specific location and their own driving history, rather than relying on rate averages.

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

Rate Comparisons

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

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save around $192 a year
• The average price for a good driver age 40 with $500 deductibles is $1,404
• Buying low deductibles for comp and collision coverage increases the price to $1,780
• High-risk insureds with multiple tickets or accidents could pay upwards of $3,054 or more
• Policy cost to insure a teen driver may cost $5,272 each year

View Chart as Image

Auto insurance rates for a Toyota Camry also range considerably based on liability limits and deductibles, your driver profile, and the trim level of your Camry.

Opting for high physical damage deductibles can save as much as $570 each year, whereas increasing liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $405 extra every year. View Rates by Deductible or Liability Limit

More mature drivers with a good driving record and higher deductibles could pay as little as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will have to pay upwards of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying at a minimum $1,700 to $2,300 in extra premium every year, depending on your age. Insurance for high-risk drivers ranges anywhere from 44% to 135% more than the average rate. View High Risk Driver Rates

Your home state plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $930 a year in states like Idaho, Maine, and Iowa, or at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Because rates have so much variability, the only way to know exactly what you will pay is to do a rate comparison from as many companies as possible. Each auto insurer utilizes a different rate formula, and quoted rates will be varied.

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 Right Toyota Camry Insurance

Finding cheaper rates on Toyota Camry insurance takes having a decent driving record, having a good credit score, avoid buying unnecessary coverage, and taking advantage of discounts. Invest the time to shop around every year by requesting rates from direct carriers, and also from local independent and exclusive agents.

The following items are a quick rundown of the coverage data illustrated above.

• Drivers can save as much as $170 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles could save as much as $575 each year
• 16 to 18-year-old drivers are charged the highest rates, costing up to $439 each month if comprehensive and collision insurance is included
• High-risk drivers with reckless driving or DUI convictions pay an average of $1,650 more each year than a driver with a clean driving record

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.