Toyota Camry Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 12, 2024

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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 $1,412 a year for full coverage. Comprehensive insurance costs an estimated $294, collision costs $570, and liability insurance costs around $390. Liability-only coverage costs as low as $452 a year, with high-risk coverage costing $3,066 or more. Teens cost the most to insure at $5,266 a year or more.

Average premium for full coverage: $1,412

Policy rates broken down by type of insurance:

Comprehensive $294
Collision $570
Liability $390

Rates are based on $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all states and for all Camry models.

Price Range Variability

For the normal driver, Toyota Camry insurance rates go from the low end price of $452 for just liability coverage to the much higher price of $3,066 for a driver who has had serious violations or accidents.

Liability Only $452
Full Coverage $1,412
High Risk $3,066

Urban vs. Rural Price Range

Where you live has a significant impact on insurance rates. More rural locations are shown to have lower incidents of accident claims than cities with more traffic congestion.

The example below illustrates how geographic area affects insurance prices.

Rural Areas $1,059
Small Cities $1,483
Large Cities $1,906

The examples above show why everyone should compare prices for a targeted area, rather than relying on averaged prices.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Detailed Rate Analysis

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

  • The cheapest rate after discounts is $808
  • Using higher $1,000 deductibles will save approximately $194 a year
  • The estimated price for a good driver age 40 who has $500 deductibles is $1,412
  • Selecting pricier low deductibles for physical damage coverage will cost an additional $384 a year
  • Drivers with serious driving violations could pay up to $3,066 or more
  • Policy cost that insures a teen driver for full coverage can cost as much as $5,266 or more

View Chart as Image

Toyota Camry insurance cost comparison chart
Column chart showing full coverage Toyota Camry insurance prices range from $808 to $5,266

Insurance rates for a Toyota Camry also range considerably based on the model of your Camry, how you drive, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you could be paying $1,700 to $2,300 additional every year, depending on your age. Toyota Camry insurance for high-risk drivers can be anywhere from 44% to 134% more than the average policy. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little 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 should be prepared to pay at least $5,200 a year. View Rates by Age

Your home state has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see rates as low as $930 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,020 on average in New York, Louisiana, and Michigan.

Toyota Camry Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,278 -$134 -9.5%
Alaska $1,084 -$328 -23.2%
Arizona $1,174 -$238 -16.9%
Arkansas $1,412 -$0 0.0%
California $1,608 $196 13.9%
Colorado $1,350 -$62 -4.4%
Connecticut $1,452 $40 2.8%
Delaware $1,600 $188 13.3%
Florida $1,768 $356 25.2%
Georgia $1,306 -$106 -7.5%
Hawaii $1,014 -$398 -28.2%
Idaho $954 -$458 -32.4%
Illinois $1,052 -$360 -25.5%
Indiana $1,064 -$348 -24.6%
Iowa $954 -$458 -32.4%
Kansas $1,342 -$70 -5.0%
Kentucky $1,926 $514 36.4%
Louisiana $2,092 $680 48.2%
Maine $872 -$540 -38.2%
Maryland $1,166 -$246 -17.4%
Massachusetts $1,130 -$282 -20.0%
Michigan $2,456 $1,044 73.9%
Minnesota $1,182 -$230 -16.3%
Mississippi $1,692 $280 19.8%
Missouri $1,252 -$160 -11.3%
Montana $1,518 $106 7.5%
Nebraska $1,116 -$296 -21.0%
Nevada $1,694 $282 20.0%
New Hampshire $1,018 -$394 -27.9%
New Jersey $1,580 $168 11.9%
New Mexico $1,252 -$160 -11.3%
New York $1,490 $78 5.5%
North Carolina $812 -$600 -42.5%
North Dakota $1,158 -$254 -18.0%
Ohio $976 -$436 -30.9%
Oklahoma $1,452 $40 2.8%
Oregon $1,296 -$116 -8.2%
Pennsylvania $1,348 -$64 -4.5%
Rhode Island $1,886 $474 33.6%
South Carolina $1,282 -$130 -9.2%
South Dakota $1,192 -$220 -15.6%
Tennessee $1,238 -$174 -12.3%
Texas $1,704 $292 20.7%
Utah $1,046 -$366 -25.9%
Vermont $966 -$446 -31.6%
Virginia $846 -$566 -40.1%
Washington $1,090 -$322 -22.8%
West Virginia $1,296 -$116 -8.2%
Wisconsin $980 -$432 -30.6%
Wyoming $1,260 -$152 -10.8%

View Chart as Image

Toyota Camry insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $580 each year, whereas buying more liability protection will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $396 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to know which auto insurance is cheapest is to regularly compare rates from as many companies as possible. Each insurance company calculates rates differently, and rates will be varied.

Insurance Rates by Trim Level and Model Year

Toyota Camry Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Camry LE $1,328 $111
Toyota Camry SE $1,370 $114
Toyota Camry XLE $1,412 $118
Toyota Camry Hybrid $1,526 $127

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.

Toyota Camry Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 Toyota Camry $308 $594 $372 $1,432
2023 Toyota Camry $294 $570 $390 $1,412
2022 Toyota Camry $282 $566 $398 $1,404
2020 Toyota Camry $262 $530 $430 $1,380
2019 Toyota Camry $248 $512 $442 $1,360
2018 Toyota Camry $238 $474 $452 $1,322
2017 Toyota Camry $230 $446 $456 $1,290
2016 Toyota Camry $220 $400 $460 $1,238
2015 Toyota Camry $206 $368 $460 $1,192
2014 Toyota Camry $198 $346 $464 $1,166
2013 Toyota Camry $194 $322 $474 $1,148
2012 Toyota Camry $180 $300 $474 $1,112
2011 Toyota Camry $174 $272 $478 $1,082
2010 Toyota Camry $162 $248 $474 $1,042
2009 Toyota Camry $152 $226 $474 $1,010
2008 Toyota Camry $148 $202 $468 $976
2007 Toyota Camry $146 $198 $460 $962
2006 Toyota Camry $144 $188 $452 $942
2005 Toyota Camry $132 $180 $446 $916
2004 Toyota Camry $126 $170 $442 $896

Rates are averaged for all Toyota Camry models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Best Cheap Toyota Camry Insurance

Finding cheaper rates on Toyota Camry insurance requires being a safe and courteous driver, having a good credit score, avoid buying unnecessary coverage, and maximizing policy discounts. Compare rates every other policy renewal by requesting quotes from direct carriers, and also from your local independent and exclusive agents.

Below is a quick review of the ideas that were presented in the illustrations above.

  • Teenage drivers are expensive to insure, costing up to $439 each month if comprehensive and collision insurance is included
  • High-risk drivers with a DUI or reckless driving violation may pay on average $1,650 more annually for auto insurance
  • Increasing comprehensive and collision deductibles can save approximately $575 each year
  • Drivers can save approximately $170 per year simply by quoting online well ahead of the renewal date

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.

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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:

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.

Rates by Driver Age

Toyota Camry Insurance Rates by Driver Age
Driver Age Premium
16 $5,266
20 $3,278
30 $1,474
40 $1,412
50 $1,292
60 $1,266

Full coverage, $500 deductibles

Rates by Deductible

Toyota Camry Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,796
$250 $1,618
$500 $1,412
$1,000 $1,218

Full coverage, driver age 40

Rates by Liability Limit

Toyota Camry Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,412
50/100 $1,614
100/300 $1,724
250/500 $2,010
100 CSL $1,658
300 CSL $1,900
500 CSL $2,076

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Camry Insurance Rates for High Risk Drivers
Age Premium
16 $7,520
20 $5,218
30 $3,134
40 $3,066
50 $2,926
60 $2,902

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $199

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $75
Multi-vehicle $74
Homeowner $20
5-yr Accident Free $106
5-yr Claim Free $92
Paid in Full/EFT $66
Advance Quote $71
Online Quote $100
Total Discounts $604
Rate after discounts $808

Discounts are estimated and may not be available from every company or in every state.

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