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 rates for a Toyota Camry are $1,404 a year with full coverage. Comprehensive costs around $282 a year, collision insurance costs $566, and liability is estimated at $398. A liability-only policy costs approximately $460 a year, and high-risk insurance costs around $3,054. 16-year-old drivers receive the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Rate estimates for individual coverage type:

Estimates include $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all U.S. states and Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on insurance rates. Areas with sparse population tend to have a lower frequency of collision claims than congested cities. The diagram below illustrates how rural and urban location affects auto insurance rates.

These examples demonstrate why it is important to get quotes for a specific zip code and risk profile, instead of using rate averages.

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

Detailed Rate Analysis

The chart below details average Toyota Camry insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save about $1,212 annually
• The average rate for a 40-year-old driver using $500 deductibles is $1,404
• Buying low $100 deductibles for comp and collision coverage will increase the cost to $1,780
• Unlucky drivers with multiple tickets or accidents could pay at least $3,054
• The cost for full coverage for a teen driver can be $5,272 each year

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on your driver profile, the trim level and model year, and deductibles and policy limits.

Older drivers with a clean driving record and high deductibles may pay as little as $1,300 annually on average for full coverage. Rates are highest for teen drivers, where even good drivers can expect to pay as much as $5,200 a year. View Rates by Age

Where you live plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or at least $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

Opting for high physical damage deductibles can save as much as $570 every year, while buying higher liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will cost as much as $405 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you may be forking out at least $1,700 to $2,300 extra per year, depending on your age. A high-risk auto insurance policy ranges as much as 44% to 135% more than the average rate. 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

Saving money on car insurance takes being a low-risk driver, maintaining good credit, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Set aside time to shop around at every other renewal by getting rate quotes from direct companies like GEICO and Progressive, and also from local independent and exclusive agents.

The items below are a review of the concepts that were raised in the charts and tables above.

• Higher risk drivers who have several accidents or serious violations pay an average of $1,650 more every year to insure their Camry
• Teen drivers pay higher rates, with premiums as much as $439 per month for full coverage
• You may be able to save up to $170 per year just by quoting early and online
• Increasing deductibles can save around $575 each year
• You may be able to save up to $170 per year just by quoting 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.