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 rates for a Toyota Camry are $1,404 a year with full coverage. Comprehensive insurance costs around $282, collision costs $566, and liability costs around $398. Buying just liability costs as low as $460 a year, with insurance for high-risk drivers costing $3,054 or more. Teenage drivers cost the most to insure at $5,272 a year or more.

Average premium for full coverage: $1,404

Policy rates for type of insurance:

Full coverage includes $500 policy deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and for all Camry models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than densely populated cities.

The example below illustrates how your location can change auto insurance rates.

The examples above demonstrate why everyone should compare prices for a specific zip code, instead of making a decision based on average rates.

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

Rate Comparisons

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save about $192 annually
• The estimated price for a good driver age 40 using $500 deductibles is $1,404
• Using pricier low deductibles for physical damage coverage will cost an additional $376 annually
• High-risk insureds who are prone to accidents and violations could pay at least $3,054 or more
• Policy cost that insures a 16-year-old driver for full coverage can be $5,272 or more

View Chart as Image

Insurance rates for a Toyota Camry also range considerably based on the model of your Camry, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $1,700 to $2,300 extra every year, depending on your age. Toyota Camry insurance for high-risk drivers can be from 44% to 135% more than a normal policy. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records can expect to pay as much as $5,200 a year. View Rates by Age

Your home state has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or be forced to pay as much as $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $570 annually, whereas buying more liability protection will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $405 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out your exact price is to regularly compare rates from multiple companies. Each insurance company uses a different method to calculate rates, so the 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 Find More Affordable Toyota Camry Insurance

Finding cheaper rates on insurance for a Toyota Camry requires being safe and accident-free, having above-average credit, not filing small claims, and insuring your home and auto with the same company. Compare prices once a year by getting quotes from direct companies, and also from your local independent and exclusive agents.

Below you'll find a summary of the data that was illustrated above.

• You may be able to save up to $170 per year simply by quoting online well ahead of the renewal date
• Insureds who may need more liability protection will pay an extra $440 every year to increase from a 30/60 limit to the 250/500 level
• Youthful drivers pay higher rates, as much as $439 each month if full coverage is included
• Drivers considered higher risk who have multiple accidents or major violations may pay on average $1,650 more every year than a low-risk driver

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.