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 for full coverage. Comprehensive insurance costs on average $282, collision costs $566, and liability costs around $398. Liability-only insurance costs as low as $460 a year, with high-risk driver insurance costing $3,054 or more. Teenage drivers pay the most at $5,272 a year or more.

Average premium for full coverage: $1,404

Premium estimates by type of coverage:

These estimates include $500 physical damage insurance deductibles, minimum liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all states and for all Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live can have significant affects on car insurance rates. Rural areas are statistically proven to have fewer accident claims than densely populated cities.

The example below illustrates the difference location can make on car insurance rates.

These rate differences show why everyone should compare prices based on a specific location and their own personal driving habits, instead of using average rates.

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

More Rate Details

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save around $192 a year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $1,404
• Using pricier low deductibles for physical damage coverage costs an additional $376 every year
• Drivers who are prone to accidents and violations could pay upwards of $3,054 or more
• An auto insurance policy with full coverage for a teen driver for full coverage may cost $5,272 or more

View Chart as Image

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

A more mature driver with no violations or accidents and high physical damage deductibles may pay as little as $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying at a minimum $1,700 to $2,300 additional annually, depending on your age. Toyota Camry insurance for high-risk drivers can be as much as 44% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut prices by as much as $570 every year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $405 more each year. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see prices as low as $930 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

With such a large range in prices, the only way to know exactly what you will pay is to regularly compare prices and see which company has the best price. Each insurance company uses a different method to calculate prices, and 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 Cheap Toyota Camry Insurance

Finding better rates on car insurance requires being a low-risk driver, having good credit, not filing small claims, and insuring your home and auto with the same company. Make time to compare rates every couple of years by getting quotes from direct carriers, and also from local insurance agents.

The items below are a brief summary of the material that was touched on in this article.

• Policyholders who require more liability coverage will pay an extra $440 each year to increase from 30/60 bodily injury limits to higher 250/500 limits
• Teen drivers pay higher prices, as much as $439 per month if they have full coverage
• Higher risk drivers that tend to have accidents or serious violations may be required to pay an average of $1,650 more each year to insure their Camry
• Increasing policy deductibles could save up to $575 each year

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.