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 with full coverage. Comprehensive costs around $282, collision costs $566, and liability is estimated at $398. Liability-only insurance costs approximately $460 a year, with high-risk driver insurance costing around $3,054. Teen drivers pay the most at $5,272 a year or more.

Average premium for full coverage: $1,404

Premium estimates for type of coverage:

Price estimates include $500 policy deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates include averaging for all U.S. states and for all Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can make a big difference on insurance rates. Areas with sparse population are statistically proven to have lower incidents of collision claims than larger metro areas.

The example below illustrates how location impacts auto insurance rates.

These rate differences demonstrate why everyone should get quotes for a specific zip code, instead of making a decision based on price averages.

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

More Rate Details

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

• The lowest rate with discounts is $801
• Choosing higher $1,000 deductibles can save about $192 annually
• The estimated price for a 40-year-old good driver using $500 deductibles is $1,404
• Choosing pricier low deductibles for comp and collision coverage bumps up the cost to $1,780
• Higher-risk drivers with multiple violations and an at-fault accident could pay at least $3,054 or more
• An auto insurance policy that insures a 16-year-old driver for full coverage can be $5,272 each year

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your age and driving habits, and deductibles and policy limits.

If you have a few violations or you caused an accident, you may be forking out at least $1,700 to $2,300 additional annually, depending on your age. Toyota Camry insurance for high-risk drivers ranges from 44% to 135% more than average. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay as much as $5,200 a year. View Rates by Age

Where you choose to 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 as much as $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles can save as much as $570 annually, whereas buying more liability protection will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $405 more each year. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to find out your exact price is to regularly compare prices from multiple companies. Each auto insurer uses a different rate calculation, and 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 Cheaper Toyota Camry Insurance

Finding better rates on insurance for a Toyota Camry takes being safe and accident-free, having a good credit score, being claim-free, and taking advantage of discounts. Shop around once a year by obtaining price quotes from direct companies, and also from your local independent and exclusive agents.

Below you'll find a condensed summary of the data that was touched on above.

• You may be able to save up to $170 per year simply by quoting online well ahead of the renewal date
• Insureds who may need more liability protection will pay about $440 every year to raise limits from 30/60 bodily injury limits to the 250/500 level
• Youthful drivers are charged the highest prices, possibly costing $439 per month if comprehensive and collision insurance is included
• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,650 more every year than a low-risk driver

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.