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 $1,404 a year including full coverage. Comprehensive costs an estimated $282 each year, collision insurance costs $566, and liability is $398. Liability-only coverage costs around $460 a year, and high-risk coverage costs around $3,054. Teen drivers pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates broken down by type of coverage:

Includes $500 policy deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 U.S. states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can make a big difference on the price of auto insurance. More rural locations are statistically proven to have lower incidents of comprehensive and collision claims than larger metro areas. The graphic below illustrates the difference between rural and urban areas on insurance prices.

These rate differences highlight why all drivers should compare rates quotes for a targeted area, instead of making a decision based on price averages.

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

Additional Charts and Tables

The chart below breaks down average Toyota Camry insurance rates for other coverage scenarios.

• The lowest rate with discounts is $801
• Raising to $1,000 deductibles will save approximately $192 every year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,404
• Choosing low deductibles bumps up the cost to $1,780
• Drivers with multiple violations and an at-fault accident could pay up to $3,054
• An auto insurance policy that insures a 16-year-old driver can cost as much as $5,272

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the trim level and model year, your driving record and age, and liability limits and deductibles.

If you have a few violations or you caused an accident, you are likely paying $1,700 to $2,300 extra annually, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 135% more than average. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records can expect to pay at least $5,200 a year. View Rates by Age

Where you choose to live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $1,080 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing high deductibles can reduce prices by up to $570 annually, whereas increasing liability limits will increase premiums. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $405 more per 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 the Cheapest Toyota Camry Insurance

Finding better rates on insurance for a Toyota Camry consists of avoiding accidents and claims, having above-average credit, refrain from filing small claims, and deciding if full coverage is necessary. Shop around every year by requesting rates from direct car insurance companies, and also from your local car insurance providers.

The points below are a recap of the coverage data covered above.

• You may be able to save approximately $170 per year just by quoting online in advance
• Increasing policy deductibles can save approximately $575 each year
• Drivers under the age of 20 are charged the highest prices, with the cost nearing $439 per month if full coverage is included
• Drivers considered higher risk that have major violations or accidents could be charged and average of $1,650 more annually to insure a Toyota Camry

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.