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.

U.S. average insurance rates for a Toyota Camry are $1,398 a year including full coverage. Comprehensive insurance costs approximately $272, collision insurance costs $552, and liability insurance costs $416. Liability-only insurance costs as little as $474 a year, and high-risk driver insurance costs $3,046 or more. 16-year-old drivers pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates by individual coverage:

Prices are based on $500 physical damage deductibles, liability coverage up to 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 U.S. states and for all Camry models.

Price Range from Low to High

Geographic Price Range

Your location has a significant impact on car insurance prices. Rural locations have lower incidents of comprehensive and collision claims than congested cities. The example below illustrates how location impacts auto insurance prices.

The ranges above highlight why everyone should compare rates using their specific location, rather than relying on rate averages.

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

More Rate Information

The chart below breaks down average Toyota Camry insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $798
• Drivers who choose higher $1,000 deductibles will pay $186 every year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,398
• Buying pricier low deductibles for comprehensive and collision insurance will cost an additional $366 a year
• High risk drivers with multiple tickets or accidents could pay around $3,046
• The price that insures a teen driver for full coverage can cost $5,288 a year

View Chart as Image

Car insurance prices for a Toyota Camry are also quite variable based on the model of your Camry, your driving record and age, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are likely paying anywhere from $1,700 to $2,300 extra each year, depending on your age. Toyota Camry insurance for high-risk drivers can cost anywhere from 43% to 135% more than the average rate. View High Risk Driver Rates

A more mature driver with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,300 per year on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged in the ballpark of $5,200 a year. View Rates by Age

The state you live in makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or at least $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could save up to $560 each year, whereas buying more liability protection will push prices upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $423 extra every 12 months. View Rates by Deductible or Liability Limit

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 Affordable Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance not only requires being a safe and courteous driver, but also having a positive credit history, being claim-free, and attention to physical damage deductibles. Comparison shop every time your policy renews by getting rate quotes from direct car insurance companies, and also from local auto insurance providers.

Below is a brief review of the information touched on above.

• You may be able to save around $170 per year just by quoting online well ahead of the renewal date
• Teenage drivers pay the highest auto insurance prices, possibly costing $441 a month if full coverage is purchased
• Increasing physical damage deductibles can save approximately $550 each year
• High-risk drivers with DUI or reckless driving convictions will likely pay on average $1,650 more per year for auto insurance
• Drivers who purchase higher levels of liability will pay around $460 per year to go from a low limit to the 250/500 level

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.