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 auto insurance rates for a Toyota Camry are $1,404 annually for full coverage. Comprehensive insurance costs approximately $282 a year, collision insurance costs $566, and liability coverage is estimated at $398. A policy with only liability insurance costs approximately $460 a year, and a high-risk policy costs $3,054 or more. Teens pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates by type of coverage:

Rate estimates include $500 deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural locations are statistically proven to have fewer accident claims than cities with more traffic congestion. The diagram below illustrates how location impacts auto insurance prices.

These rate differences show why it is important to get quotes using their specific location and their own personal driving habits, rather than using averaged prices.

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

Rates by State, City, and Model

The chart below shows average Toyota Camry insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $801
• Choosing higher $1,000 deductibles can save $1,212 a year
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $1,404
• Selecting low $100 deductibles for comp and collision coverage costs an additional $376 each year
• Drivers with serious driving violations could pay around $3,054
• An auto insurance policy with full coverage for a teenage driver can cost $5,272 each year

View Chart as Image

Car insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your driver profile, and physical damage deductibles and liability limits.

Older drivers with no driving violations and high physical damage deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will be charged in the ballpark of $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying anywhere from $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy ranges around 44% to 135% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can save as much as $570 a year, while buying higher liability limits will push prices upward. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $405 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $930 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,000 on average in New York, Louisiana, 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 Buy the Best Toyota Camry Insurance

Finding better rates on auto insurance takes not taking risks behind the wheel, having a good credit score, not filing small claims, and attention to physical damage deductibles. Spend time shopping around every couple of years by requesting quotes from direct carriers, and also from several local insurance agents.

The following is a brief recap of the material that was touched on above.

• Consumers who purchase higher liability limits will pay approximately $440 each year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• Teens pay the highest auto insurance prices, as much as $439 per month if comprehensive and collision insurance is included
• Drivers who tend to receive serious violations pay on average $1,650 more per year for Camry insurance
• Increasing policy deductibles could save up to $575 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.