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 $1,398 a year for full coverage. Comprehensive insurance costs approximately $272, collision costs $552, and liability coverage is $416. Liability-only coverage costs around $474 a year, with high-risk coverage costing $3,046 or more. 16-year-old drivers pay the most at $5,288 a year or more.

Average premium for full coverage: $1,398

Premium estimates by type of coverage:

Rate estimates include $500 deductible amounts, liability coverage up to 30/60, and includes medical and UM/UIM coverage. Rates include averaging for all states and for all Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on car insurance rates. Rural locations are statistically proven to have lower incidents of accident claims than congested cities.

The example below illustrates how your location can change auto insurance prices.

These rate differences show why everyone should compare rates quotes using their specific location, rather than using rate averages.

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

More Rate Details

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

• The best full coverage rate is $798
• Raising to $1,000 deductibles will save $186 a year
• The estimated price for a 40-year-old good driver who chooses $500 deductibles is $1,398
• Buying pricier low deductibles will cost an additional $366 each year
• Unlucky drivers with multiple tickets or accidents could pay around $3,046 or more
• An auto insurance policy that insures a teenage driver for full coverage can cost $5,288

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, how you drive, and physical damage deductibles and liability limits.

If you have a few violations or you caused an accident, you could be paying anywhere from $1,700 to $2,300 extra annually, depending on your age. Toyota Camry insurance for high-risk drivers is expensive and can cost around 43% to 135% more than the average rate. View High Risk Driver Rates

A more mature driver with a clean driving record and higher comprehensive and collision deductibles may only pay around $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 in the ballpark of $5,200 a year. View Rates by Age

Where you choose to live also has a big influence on Toyota Camry insurance rates. A middle-age driver might find prices as low as $920 a year in states like Iowa, Maine, and Idaho, or at least $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $560 a year, whereas buying more liability protection will push prices upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $423 more per year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to know who has the cheapest car insurance prices is to regularly compare prices and see how they stack up. Every auto insurance company utilizes a different rate formula, so the prices will be substantially 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 Find the Best Toyota Camry Insurance

Finding better rates on auto insurance consists of having a good driving record, having above-average credit, not filing small claims, and maximizing policy discounts. Comparison shop every time your policy renews by requesting quotes from direct carriers, and also from insurance agencies where you live.

The next list is a brief recap of the information illustrated above.

• Drivers can save around $170 per year simply by quoting online well ahead of the renewal date
• Drivers age 20 and younger are expensive to insure, as much as $441 per month if full coverage is included
• Increasing policy deductibles can save approximately $550 each year
• Drivers who tend to receive serious violations could be forced to pay on average $1,650 more per year to buy Toyota Camry insurance
• Consumers who purchase increased levels of liability coverage will pay around $460 each year to raise from 30/60 bodily injury limits to the 250/500 level

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.