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 for full coverage insurance. Comprehensive insurance costs around $282 each year, collision costs $566, and liability is $398. A policy with just liability insurance costs around $460 a year, with coverage for high-risk drivers costing $3,054 or more. 16-year-old drivers receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates for individual coverage type:

Prices are based on $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all 50 states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. Areas with sparse population tend to have lower incidents of physical damage claims than congested cities.

The graphic below illustrates how your location can change auto insurance rates.

These examples illustrate why all drivers should compare rates quotes for a specific zip code, instead of using rate averages.

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

More Rate Details

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

• The best full coverage rate is $801
• Raising to $1,000 deductibles will save about $192 each year
• The estimated price for a 40-year-old driver using $500 deductibles is $1,404
• Buying low deductibles will cost an additional $376 every year
• At-risk drivers with multiple tickets or accidents could pay at least $3,054 or more
• The cost that insures a teen driver can be $5,272

View Chart as Image

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

If you like to drive fast or you caused an accident, you are probably paying at least $1,700 to $2,300 additional per year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 44% to 135% more than the average rate. View High Risk Driver Rates

More mature drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, 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 live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find rates as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,900 on average in Michigan, New York, and Florida.

View Chart as Image

Opting for high physical damage deductibles can reduce rates by up to $570 every year, whereas increasing liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $405 more each year. View Rates by Deductible or Liability Limit

With so much variability in rates, the only way to figure out your exact price is to do a rate comparison and see which company has the best rate. Every auto insurance company utilizes a different rate formula, and rates can be significantly 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 Affordable Toyota Camry Insurance

Saving money on car insurance consists of avoiding accidents and violations, having a good credit score, avoid buying unnecessary coverage, and taking advantage of discounts. Comparison shop once a year by requesting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from insurance agencies where you live.

The list below is a brief review of the data that was illustrated above.

• It is possible to save up to $170 per year simply by quoting online in advance
• Policyholders who may need higher liability limits will pay around $440 annually to raise from a minimum limit to the 250/500 level
• Teenagers are charged the highest rates, costing up to $439 per month if comprehensive and collision insurance is included
• Higher risk drivers with DUI or reckless driving convictions could be forced to pay on average $1,650 more every year for car insurance

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.