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 insurance rates for a Toyota Camry are $1,398 a year for full coverage. Comprehensive insurance costs around $272 a year, collision costs $552, and liability coverage is estimated at $416. Liability-only coverage costs approximately $474 a year, with high-risk coverage costing $3,046 or more. Teens pay the most at $5,288 a year or more.

Average premium for full coverage: $1,398

Premium estimates for type of coverage:

Price estimates include $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on auto insurance rates. Areas with sparse population are statistically proven to have a lower frequency of accident claims than cities with more traffic congestion.

The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

These rate differences show why it is important to get quotes for a specific zip code and risk profile, rather than using averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $798
• Choosing higher $1,000 deductibles can save about $1,212 a year
• The average rate for a 40-year-old good driver using $500 deductibles is $1,398
• Selecting low $100 deductibles for comp and collision coverage will cost an extra $366 each year
• Drivers with serious driving violations could pay at least $3,046 or more
• An auto insurance policy for full coverage for a teenage driver can be $5,288 each year

View Chart as Image

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

Older drivers with a clean driving record and high deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers can expect to pay as much as $5,200 a year. View Rates by Age

Where you choose to live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $920 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $560 a year, while buying higher liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will cost up to $423 more per year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at least $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy ranges around 43% to 135% more than the average policy. View High Risk Driver Rates

With such a large range in prices, the only way to know your exact price is to get quotes and see how they stack up. Each auto insurer calculates prices differently, so the prices will be substantially different from one company to the next.

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 Cheaper Toyota Camry Insurance

Finding better rates on auto insurance takes avoiding accidents and violations, maintaining good credit, not filing small claims, and insuring your home and auto with the same company. Set aside time to compare rates every time your policy renews by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local insurance agents.

The list below is a condensed summary of the information covered above.

• Drivers can save up to $170 per year simply by quoting early and online
• Teenagers pay higher prices, as much as $441 per month for full coverage
• Increasing policy deductibles can save around $550 each year
• Drivers with multiple at-fault accidents may be required to pay an average of $1,650 more every year for car insurance
• Consumers who may need higher liability limits will pay approximately $460 each year to raise limits from 30/60 bodily injury limits to 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.