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.

Average insurance prices for a Toyota Camry are $1,404 every 12 months including full coverage. Comprehensive costs an estimated $282, collision insurance costs $566, and liability is $398. A liability-only policy costs around $460 a year, and high-risk insurance costs around $3,054. Teenage drivers receive the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Rate estimates broken down by individual coverage type:

Price estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on the price of auto insurance. More rural locations tend to have more infrequent comprehensive and collision claims than densely populated cities. The price range example below illustrates the difference between rural and urban areas on insurance prices.

These examples highlight why anyone shopping for car insurance should compare rates quotes for a targeted area and their own driving history, instead of using average rates.

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

Detailed Rate Analysis

The chart below breaks down average Toyota Camry insurance rates for other coverage scenarios.

• The best discount rate is $801
• Raising to $1,000 deductibles will save approximately $192 every year
• The average price for a 40-year-old driver who has $500 deductibles is $1,404
• Using more expensive low deductibles increases the price to $1,780
• At-risk drivers who are prone to accidents and violations could pay up to $3,054
• The cost to insure a teen driver with full coverage can cost as much as $5,272

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on policy deductibles and limits, your driving characteristics, and the model year and trim level.

Using high physical damage deductibles can reduce rates by up to $570 every year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $405 more per year. View Rates by Deductible or Liability Limit

An older driver with a clean driving record and higher deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers can expect to pay at least $5,200 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying $1,700 to $2,300 extra per year, depending on your age. High-risk driver insurance is expensive and can cost as much as 44% to 135% more than a normal policy. View High Risk Driver Rates

Where you live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find rates as low as $1,080 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay as much as $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

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 Shop for Cheaper Toyota Camry Insurance

Saving money on car insurance consists of having a decent driving record, having good credit, not filing small claims, and deciding if full coverage is necessary. Set aside time to compare rates once a year by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local insurance agencies.

The following items are a condensed summary of the data that was covered above.

• You may be able to save approximately $170 per year just by shopping early and online
• Policyholders who want additional liability coverage will pay an extra $440 per year to raise from a minimum limit to a 250/500 level
• 16 to 18-year-old drivers are charged the highest rates, as much as $439 per month if they have full coverage
• Higher risk drivers with multiple at-fault accidents may have to pay on average $1,650 more annually than a driver with a clean driving record

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.