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.

The average insurance prices for a Toyota Camry are $1,404 every 12 months with full coverage. Comprehensive insurance costs around $282, collision costs $566, and liability coverage costs $398. A liability-only policy costs as little as $460 a year, with high-risk insurance costing $3,054 or more. Teen drivers cost the most to insure at $5,272 a year or more.

Average premium for full coverage: $1,404

Policy rates for type of insurance:

Full coverage includes $500 deductible amounts, 30/60 liability coverage, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and for different Camry trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on insurance rates. Areas with sparse population are shown to have more infrequent collision claims than larger metro areas.

The price range example below illustrates the difference between rural and urban areas on auto insurance rates.

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

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $801
• Drivers who choose higher $1,000 deductibles will pay about $192 annually
• The average price for a good driver age 40 using $500 deductibles is $1,404
• Choosing more expensive low deductibles for comprehensive and collision insurance costs an extra $376 each year
• High-risk insureds with multiple violations and an at-fault accident could pay at least $3,054 or more
• Policy cost to insure a teenage driver with full coverage can be $5,272 a year

View Chart as Image

Car insurance rates for a Toyota Camry also range considerably based on liability limits and deductibles, your driving record, and the trim level and model year.

Choosing high deductibles could save up to $570 a year, while increasing your policy's liability limits will increase rates. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $405 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged as much as $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you may be forking out at least $1,700 to $2,300 extra every year, depending on your age. High-risk driver insurance can cost around 44% to 135% more than average. View High Risk Driver Rates

Your home state makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

Because rates have so much variability, the best way to find out your exact price is to compare rates and see how they stack up. Every company uses a different rate calculation, so rate quotes will be varied.

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 More Affordable Toyota Camry Insurance

Finding cheaper rates on auto insurance not only requires having a good driving record, but also maintaining a good credit score, not filing small claims, and qualifying for all possible discounts. Set aside time to compare rates every year by requesting quotes from direct companies, and also from several local insurance agents.

The next list is a summary of the coverage data covered above.

• You may be able to save up to $170 per year simply by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $575 each year
• Drivers age 20 and younger are the costliest to insure, as much as $439 each month if the policy includes full coverage
• Drivers who have multiple accidents or major violations pay on average $1,650 more every year to buy Toyota Camry insurance

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.