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.

U.S. average insurance rates for a Toyota Camry are $1,404 a year for full coverage. Comprehensive insurance costs on average $282, collision insurance costs $566, and liability insurance is $398. Liability-only coverage costs around $460 a year, and high-risk coverage costs $3,054 or more. Teens pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates by individual coverage:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and for all Camry models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas have lower incidents of accident claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on car insurance rates.

The ranges above show why everyone should compare rates quotes based on a specific location, rather than relying on averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $801
• Raising to $1,000 deductibles will save around $192 a year
• The estimated price for the average middle-age driver with $500 deductibles is $1,404
• Selecting pricier low deductibles will cost an additional $376 a year
• Higher-risk drivers with serious driving violations could pay upwards of $3,054
• The price that insures a teen driver for full coverage may cost $5,272

View Chart as Image

Auto insurance prices for a Toyota Camry are also quite variable based on the model of your Camry, how you drive, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,700 to $2,300 in extra premium each year, depending on your age. Toyota Camry insurance for high-risk drivers is expensive and can cost anywhere from 44% to 135% more than the average policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay upwards of $5,200 a year. View Rates by Age

The state you live in also has a big influence on Toyota Camry insurance rates. A middle-age driver might find prices as low as $930 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $570 each year, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 extra every year. View Rates by Deductible or Liability Limit

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

Getting lower rates on Toyota Camry insurance consists of avoiding accidents and violations, maintaining a good credit score, eliminating unnecessary coverage, and deciding if full coverage is necessary. Compare rates at every policy renewal by obtaining price quotes from direct carriers, and also from local exclusive and independent agents.

The list below is a review of the data covered in the above illustrations.

• Drivers who require higher liability limits will pay approximately $440 each year to raise from a low limit to the 250/500 level
• Drivers can save as much as $170 per year just by quoting online well ahead of the renewal date
• Increasing physical damage deductibles can save approximately $575 each year
• Teenagers are charged the highest prices, with premiums as much as $439 a month if the policy includes full coverage

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.