Toyota Camry Insurance Rates

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Luke Williams

Insurance and Finance Writer

Luke Williams is a finance, insurance, real estate, and home improvement expert based in Philadelphia, Pennsylvania, specializing in writing and researching for consumers. He studied finance, economics, and communications at Pennsylvania State University and graduated with a degree in Corporate Communications.  His insurance and finance writing has been featured on Spoxor, The Good Men Proje...

Insurance and Finance Writer

UPDATED: Jun 5, 2023

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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 prices for a Toyota Camry are $1,238 every 12 months for full coverage insurance. Comprehensive insurance costs around $220, collision costs $400, and liability coverage costs around $460. Liability-only insurance costs as low as $510 a year, with high-risk driver insurance costing $2,688 or more. Teenage drivers cost the most to insure at $4,822 a year or more.

Average premium for full coverage: $1,238

Policy rates for type of insurance:

Comprehensive $220
Collision $400
Liability $460

Rates are based on $500 comprehensive and collision deductibles, minimum liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and for different Camry trim levels.

Price Range Variability

For the average driver, Toyota Camry insurance rates go from the cheapest price of $510 for the bare minimum liability coverage to a much higher rate of $2,688 for high-risk insurance.

Liability Only $510
Full Coverage $1,238
High Risk $2,688

Urban vs. Rural Price Range

Where you live has a large influence on car insurance rates. Areas with sparse population are shown to have more infrequent physical damage claims than densely populated cities.

The price range example below illustrates how location impacts auto insurance rates.

Rural Areas $929
Small Cities $1,300
Large Cities $1,671

The examples above illustrate why anyone shopping for car insurance should compare prices for a specific zip code and their own driving history, rather than using average rates.

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.

Additional Rate Information

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

  • The best discount rate is $723
  • Using higher $1,000 deductibles will save about $142 each year
  • The average price for a good driver age 40 using $500 deductibles is $1,238
  • Using more expensive low deductibles for physical damage coverage costs an extra $272 each year
  • Higher-risk drivers who are prone to accidents and violations could pay at least $2,688 or more
  • Policy cost to insure a teenage driver with full coverage can be $4,822 or more

View Chart as Image

Toyota Camry insurance cost comparison chart
Column chart showing full coverage Toyota Camry insurance prices range from $723 to $4,822

Auto insurance rates for a Toyota Camry also range considerably based on liability limits and deductibles, your risk profile, and the trim level and model year.

Using high physical damage deductibles could cut rates by as much as $420 a year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $468 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may only pay around $1,200 a year, or $100 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will have to pay as much as $4,800 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying at least $1,500 to $2,100 in extra premium every year, depending on your age. High-risk driver insurance can be around 44% to 135% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see rates as low as $810 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,670 on average in Michigan, New York, and Florida.

Toyota Camry Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,120 -$118 -9.5%
Alaska $950 -$288 -23.3%
Arizona $1,028 -$210 -17.0%
Arkansas $1,238 -$0 0.0%
California $1,410 $172 13.9%
Colorado $1,184 -$54 -4.4%
Connecticut $1,274 $36 2.9%
Delaware $1,402 $164 13.2%
Florida $1,548 $310 25.0%
Georgia $1,142 -$96 -7.8%
Hawaii $890 -$348 -28.1%
Idaho $838 -$400 -32.3%
Illinois $922 -$316 -25.5%
Indiana $932 -$306 -24.7%
Iowa $834 -$404 -32.6%
Kansas $1,176 -$62 -5.0%
Kentucky $1,690 $452 36.5%
Louisiana $1,834 $596 48.1%
Maine $766 -$472 -38.1%
Maryland $1,022 -$216 -17.4%
Massachusetts $992 -$246 -19.9%
Michigan $2,152 $914 73.8%
Minnesota $1,038 -$200 -16.2%
Mississippi $1,484 $246 19.9%
Missouri $1,098 -$140 -11.3%
Montana $1,330 $92 7.4%
Nebraska $978 -$260 -21.0%
Nevada $1,486 $248 20.0%
New Hampshire $892 -$346 -27.9%
New Jersey $1,386 $148 12.0%
New Mexico $1,096 -$142 -11.5%
New York $1,306 $68 5.5%
North Carolina $712 -$526 -42.5%
North Dakota $1,014 -$224 -18.1%
Ohio $856 -$382 -30.9%
Oklahoma $1,274 $36 2.9%
Oregon $1,136 -$102 -8.2%
Pennsylvania $1,182 -$56 -4.5%
Rhode Island $1,652 $414 33.4%
South Carolina $1,120 -$118 -9.5%
South Dakota $1,046 -$192 -15.5%
Tennessee $1,084 -$154 -12.4%
Texas $1,492 $254 20.5%
Utah $916 -$322 -26.0%
Vermont $848 -$390 -31.5%
Virginia $742 -$496 -40.1%
Washington $960 -$278 -22.5%
West Virginia $1,136 -$102 -8.2%
Wisconsin $858 -$380 -30.7%
Wyoming $1,104 -$134 -10.8%

View Chart as Image

Toyota Camry insurance rates by U.S. city

Because rates have so much variability, the only way to figure out your exact price is to compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, and quoted 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 $1,176 $98
Toyota Camry SE $1,208 $101
Toyota Camry XLE $1,238 $103
Toyota Camry Hybrid $1,352 $113

Rates assume 2015 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
2020 Toyota Camry $272 $552 $416 $1,398
2019 Toyota Camry $262 $530 $430 $1,380
2018 Toyota Camry $248 $512 $442 $1,360
2017 Toyota Camry $238 $474 $452 $1,322
2016 Toyota Camry $230 $446 $456 $1,290
2015 Toyota Camry $220 $400 $460 $1,238
2014 Toyota Camry $206 $368 $460 $1,192
2013 Toyota Camry $198 $346 $464 $1,166
2012 Toyota Camry $194 $322 $474 $1,148
2011 Toyota Camry $180 $300 $474 $1,112
2010 Toyota Camry $174 $272 $478 $1,082
2009 Toyota Camry $162 $248 $474 $1,042
2008 Toyota Camry $152 $226 $474 $1,010
2007 Toyota Camry $148 $202 $468 $976
2006 Toyota Camry $146 $198 $460 $962
2005 Toyota Camry $144 $188 $452 $942
2004 Toyota Camry $132 $180 $446 $916
2003 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 Shop for the Best Cheap Toyota Camry Insurance

Finding cheaper rates on auto insurance requires avoiding accidents and violations, having a good credit score, being claim-free, and maximizing policy discounts. Spend time shopping around every couple of years by obtaining price quotes from direct insurance companies, and also from your local independent and exclusive agents.

The list below is a quick review of the material that was touched on above.

  • Consumers who may need higher liability limits will pay an extra $510 annually to increase from a 30/60 limit to a 250/500 level
  • Teenagers are expensive to insure, possibly costing $402 each month if comprehensive and collision insurance is included
  • Drivers with a DUI or reckless driving violation may pay on average $1,450 more every year for car insurance
  • Increasing comprehensive and collision deductibles could save as much as $425 each year

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 $4,822
20 $2,870
30 $1,278
40 $1,238
50 $1,134
60 $1,112

Full coverage, $500 deductibles

Rates by Deductible

Toyota Camry Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,510
$250 $1,384
$500 $1,238
$1,000 $1,096

Full coverage, driver age 40

Rates by Liability Limit

Toyota Camry Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,238
50/100 $1,456
100/300 $1,586
250/500 $1,924
100 CSL $1,508
300 CSL $1,794
500 CSL $2,002

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Camry Insurance Rates for High Risk Drivers
Age Premium
16 $6,846
20 $4,578
30 $2,732
40 $2,688
50 $2,572
60 $2,550

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 $173

Potential Rate Discounts

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

Discount Savings
Multi-policy $65
Multi-vehicle $67
Homeowner $20
5-yr Accident Free $86
5-yr Claim Free $80
Paid in Full/EFT $52
Advance Quote $59
Online Quote $86
Total Discounts $515
Rate after discounts $723

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

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