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 rates for a Toyota Camry are $1,404 a year with full coverage. Comprehensive insurance costs an estimated $282 a year, collision costs $566, and liability coverage costs $398. Liability-only insurance costs as little as $460 a year, with high-risk driver insurance costing $3,054 or more. Teens cost the most to insure at $5,272 a year or more.

Average premium for full coverage: $1,404

Policy rates broken down by type of insurance:

Estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and Camry trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on car insurance rates. More rural locations are shown to have lower incidents of collision claims than cities with more traffic congestion.

The diagram below illustrates the difference location can make on insurance prices.

The examples above demonstrate why it is important to compare rates for a targeted area, rather than using averaged prices.

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

Rate Comparisons

The chart below details estimated Toyota Camry insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $801
• Drivers who choose higher $1,000 deductibles will pay approximately $1,212 annually
• The estimated price for a good driver age 40 who has $500 deductibles is $1,404
• Selecting low $100 deductibles for comprehensive and collision insurance will cost an additional $376 each year
• High-risk insureds with serious driving violations could pay up to $3,054 or more
• Policy cost that insures a teenage driver can cost as much as $5,272 a year

View Chart as Image

Auto insurance rates for a Toyota Camry also range considerably based on the trim level of your Camry, your age and driving habits, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you may be forking out $1,700 to $2,300 in extra premium every year, depending on your age. A high-risk auto insurance policy can cost around 44% to 135% more than the average policy. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will have to pay at least $5,200 a year. View Rates by Age

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 Utah, Ohio, and New Hampshire, or have to pay at least $1,900 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles could save up to $570 a year, while buying higher liability limits will increase premiums. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $405 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out which auto insurance is cheapest is to get quotes and see how they stack up. Every company calculates rates differently, and quoted rates 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 Find Low Cost Toyota Camry Insurance

Finding cheaper rates on auto insurance not only requires being safe and accident-free, but also maintaining a good credit score, not filing small claims, and qualifying for all possible discounts. Compare rates every other policy renewal by getting quotes from direct companies, and also from insurance agencies where you live.

Below you'll find a review of the ideas that were touched on in this article.

• Youthful drivers are the costliest to insure, as much as $439 each month if the policy includes full coverage
• Drivers who have several accidents or serious violations could be forced to pay on average $1,650 more annually than a low-risk driver
• Increasing comprehensive and collision deductibles can save approximately $575 each year
• You may be able to save approximately $170 per year simply by quoting early and online

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.