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.

Estimated insurance rates for a Toyota Camry are $1,398 a year for full coverage. Comprehensive costs on average $272, collision costs $552, and liability costs $416. A liability-only policy costs as little as $474 a year, with high-risk insurance costing around $3,046. Teen drivers pay the most at $5,288 a year or more.

Average premium for full coverage: $1,398

Premium estimates by type of coverage:

Rate estimates include $500 policy deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can make a big difference on car insurance rates. Rural areas are statistically proven to have a lower frequency of accident claims than larger metro areas.

The price range example below illustrates how where you live affects car insurance rates.

These rate differences show why anyone shopping for car insurance should compare rates based on a specific location and risk profile, instead of making a decision based on price averages.

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

More Rate Information

The chart below shows estimated Toyota Camry insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $798
• Drivers who choose higher $1,000 deductibles will pay around $186 a year
• The average rate for a 40-year-old good driver with $500 deductibles is $1,398
• Choosing more expensive low deductibles for comprehensive and collision insurance will increase the cost to $1,764
• Drivers with multiple violations and an at-fault accident could pay upwards of $3,046 or more
• An auto insurance policy for full coverage for a 16-year-old driver with full coverage may cost $5,288 a year

View Chart as Image

Auto insurance prices for a Toyota Camry also have a wide range based on your driving characteristics, the trim level of your Camry, and policy deductibles and limits.

An older driver with a good driving record and high deductibles may pay as low as $1,300 per year on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers will have to pay upwards of $5,200 a year. View Rates by Age

Where you choose to live makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $920 a year in states like Idaho, Maine, and Iowa, or as much as $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could save up to $560 annually, while increasing your policy's liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost up to $423 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at a minimum $1,700 to $2,300 in extra premium annually, depending on your age. High-risk driver insurance can cost from 43% to 135% more than average. View High Risk Driver Rates

With such a large range in prices, the only way to know exactly what you will pay is to compare prices from multiple companies. Every company uses a different rate calculation, and quoted prices will be substantially different from one company to the next.

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 the Best Toyota Camry Insurance

Finding better rates on insurance for a Toyota Camry not only requires being safe and accident-free, but also having good credit, not filing small claims, and taking advantage of discounts. Take the time to comparison shop every couple of years by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local insurance agents.

Below you'll find a brief recap of the material that was touched on in the above illustrations.

• Insureds who require more liability protection will pay about $460 each year to go from 30/60 bodily injury limits to 250/500 limits
• Youthful drivers are charged the highest prices, as much as $441 per month if they have full coverage
• Drivers considered higher risk who tend to receive serious violations will pay on average $1,650 more each year than a low-risk driver
• Increasing policy deductibles can save around $550 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.

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.