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 an estimated $272 each year, collision costs $552, and liability is estimated at $416. Liability-only coverage costs approximately $474 a year, with high-risk coverage costing $3,046 or more. Teenage drivers pay the most at $5,288 a year or more.

Average premium for full coverage: $1,398

Premium estimates broken down by type of coverage:

Price estimates include $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on insurance rates. More rural locations are statistically proven to have lower incidents of accident claims than densely populated cities.

The graphic below illustrates how rural and urban location affects insurance prices.

These rate differences show why all drivers should get quotes for a targeted area, instead of using average rates.

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

Rate Comparisons

The chart below shows estimated Toyota Camry insurance rates for other coverage scenarios.

• The best discount rate is $798
• Choosing higher $1,000 deductibles can save approximately $186 a year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,398
• Using low deductibles for comp and collision coverage will cost an additional $366 every year
• Unlucky drivers who are prone to accidents and violations could pay up to $3,046 or more
• An auto insurance policy that insures a teen driver can cost as much as $5,288 each year

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the trim level and model year, how you drive, and liability limits and deductibles.

If you have a few violations or you caused an accident, you could be paying $1,700 to $2,300 extra annually, depending on your age. Insurance for high-risk drivers ranges as much as 43% to 135% more than a normal policy. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records can expect to pay at least $5,200 a year. View Rates by Age

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

View Chart as Image

Using high physical damage deductibles can save as much as $560 every year, whereas increasing liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $423 more per year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to know which insurance company is cheapest is to do a rate comparison and see which company has the best price. Each auto insurer uses a different method to calculate prices, so the prices will be substantially 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 Find Cheaper Toyota Camry Insurance

Finding better rates on car insurance takes having a decent driving record, having above-average credit, not filing small claims, and taking advantage of discounts. Compare prices every other policy renewal by requesting rates from direct carriers, and also from your local independent and exclusive agents.

The following items are a condensed summary of the ideas that were raised in the charts and tables above.

• 16 to 18-year-old drivers are charged the highest prices, as much as $441 per month if full coverage is included
• Higher risk drivers with multiple at-fault accidents may pay on average $1,650 more annually than a driver with a clean driving record
• Increasing policy deductibles can save approximately $550 each year
• Drivers can save approximately $170 per year simply by quoting online in advance

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.