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.

Average insurance prices for a Toyota Camry are $1,404 every 12 months for full coverage insurance. Comprehensive costs approximately $282, collision costs $566, and liability insurance is estimated at $398. A policy with just liability insurance costs approximately $460 a year, with coverage for high-risk drivers costing around $3,054. Teen drivers receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates by individual coverage type:

Full coverage includes $500 deductible amounts, 30/60 liability coverage, and includes medical and UM/UIM coverage. Rates are averaged for all 50 states and for all Camry models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a significant impact on the price of auto insurance. Rural locations tend to have more infrequent physical damage claims than larger metro areas.

The example below illustrates the effect of geographic area on auto insurance prices.

These examples illustrate why everyone should get quotes using their specific location and their own driving history, rather than relying on price averages.

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

More Rate Details

The chart below illustrates estimated Toyota Camry insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $801
• Choosing higher $1,000 deductibles can save $192 each year
• The average price for a 40-year-old driver who chooses $500 deductibles is $1,404
• Choosing pricier low deductibles for comp and collision coverage increases the price to $1,780
• High-risk insureds with multiple violations and an at-fault accident could pay around $3,054 or more
• The cost to insure a teen driver for full coverage can cost $5,272 each year

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on policy deductibles and limits, your risk profile, and the model of your Camry.

Choosing high deductibles can save as much as $570 each year, whereas buying more liability protection will push rates upward. Switching from a 50/100 liability limit to a 250/500 limit will cost as much as $405 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles could pay as little as $1,300 annually on average for full coverage. Rates are highest for teen drivers, since even excellent drivers should be prepared to pay in the ballpark of $5,200 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are probably paying anywhere from $1,700 to $2,300 additional per year, depending on your age. Toyota Camry insurance for high-risk drivers ranges anywhere from 44% to 135% more than average. View High Risk Driver Rates

Where you live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or as much as $1,900 on average in Florida, New York, and Michigan.

View Chart as Image

With so much variability in rates, the only way to figure out who has the best car insurance rates is to regularly compare rates from as many companies as possible. Each auto insurer uses a different rate calculation, and rates can be significantly different.

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

Saving money on Toyota Camry insurance takes having a good driving record, having above-average credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Take the time to compare rates every year by getting rate quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from local insurance agencies.

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

• It is possible to save around $170 per year simply by quoting online well ahead of the renewal date
• Increasing deductibles could save as much as $575 each year
• Drivers age 20 and younger are the costliest to insure, costing up to $439 per month if full coverage is included
• High-risk drivers who have multiple accidents or major violations may have to pay on average $1,650 more per 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.