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 $1,398 a year for full coverage insurance. Comprehensive insurance costs approximately $272, collision insurance costs $552, and liability is $416. A policy with just liability insurance costs around $474 a year, and coverage for high-risk drivers costs $3,046 or more. Teenage drivers pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates by individual coverage:

These estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and for different Camry trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can make a big difference on the price of auto insurance. Rural locations have a lower frequency of physical damage claims than densely populated cities. The price range example below illustrates how your location can change auto insurance prices.

The ranges above illustrate why anyone shopping for car insurance should compare rates quotes using their specific location and risk profile, instead of making a decision based on average rates.

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

More Rate Details

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

• The best discount rate is $798
• Raising to $1,000 deductibles will save $186 each year
• The average rate for the average middle-age driver who chooses $500 deductibles is $1,398
• Using more expensive low deductibles will cost an extra $366 annually
• Drivers who are prone to accidents and violations could pay around $3,046
• The price for full coverage for a 16-year-old driver with full coverage can cost $5,288

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on your driving record, the model year and trim level, and physical damage deductibles and liability limits.

An older driver with a clean driving record and high deductibles may pay as low as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers can expect to pay in the ballpark of $5,200 a year. View Rates by Age

The state you live in also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,890 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can reduce prices by up to $560 annually, while increasing your policy's liability limits will push prices upward. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $423 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying anywhere from $1,700 to $2,300 extra each year, depending on your age. High-risk driver insurance is expensive and can cost from 43% to 135% more than a normal policy. View High Risk Driver Rates

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 Cheap Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry consists of being a good driver, maintaining good credit, not filing small claims, and possibly raising deductibles. Invest the time to shop around every other policy renewal by obtaining price quotes from direct insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The following list is a brief summary of the ideas that were illustrated above.

• Drivers age 16 to 20 are expensive to insure, as much as $441 a month for full coverage
• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,650 more per year than a safer driver
• Increasing physical damage deductibles can save around $550 each year
• It is possible to save around $170 per year just by shopping 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.