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 including full coverage. Comprehensive insurance costs an estimated $272 each year, collision insurance costs $552, and liability is estimated at $416. Liability-only insurance costs approximately $474 a year, and high-risk driver insurance costs $3,046 or more. Teens pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates broken down by individual coverage:

Estimates include $500 physical damage deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 U.S. states and Camry models.

Price Range from Low to High

Geographic Price Range

Living in a larger city can make a big difference on the price of auto insurance. More rural locations have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The graphic below illustrates the effect of geographic area on insurance prices.

The ranges above highlight why all drivers should get quotes for a targeted area and risk profile, instead of making a decision based on averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $798
• Choosing higher $1,000 deductibles can save approximately $186 every year
• The average rate for the average middle-age driver who has $500 deductibles is $1,398
• Selecting low deductibles for comp and collision coverage will cost an extra $366 annually
• Higher-risk drivers with serious driving violations could pay up to $3,046
• The price for full coverage for a 16-year-old driver can cost as much as $5,288 each year

View Chart as Image

Car insurance prices for a Toyota Camry are also quite variable based on your driving record, the model of your Camry, and liability limits and deductibles.

More mature drivers with no driving violations and high deductibles may pay as low as $1,300 annually on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will be charged at least $5,200 a year. View Rates by Age

The state you live in plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $560 annually, whereas increasing liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $423 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers ranges from 43% to 135% more than the average 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 Low Cost Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry takes being a safe and courteous driver, having above-average credit, being claim-free, and possibly higher deductibles. Take the time to compare rates at every policy renewal by requesting quotes from direct car insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

Below is a review of the data covered in the above illustrations.

• Insureds who want higher levels of liability will pay approximately $460 per year to raise limits from a low limit to 250/500 limits
• You may be able to save approximately $170 per year just by quoting online in advance
• Increasing physical damage deductibles can save around $550 each year
• Teenage drivers have the highest car insurance prices, possibly costing $441 a month if full coverage is included

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.