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 costs approximately $272 each year, collision costs $552, and liability costs around $416. A policy with just liability insurance costs as low as $474 a year, with coverage for high-risk drivers costing around $3,046. 16-year-old drivers pay the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Price estimates by individual coverage:

Includes $500 physical damage insurance deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and Camry models.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on car insurance prices. Rural locations have a lower frequency of comprehensive and collision claims than congested cities.

The graphic below illustrates how rural and urban location affects auto insurance prices.

The ranges above highlight why all drivers should compare prices using their specific location 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 breaks down estimated Toyota Camry insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $798
• Using higher $1,000 deductibles will save $186 every year
• The average rate for the average middle-age driver who chooses $500 deductibles is $1,398
• Buying low deductibles for physical damage coverage will increase the cost to $1,764
• Drivers with multiple tickets or accidents could pay around $3,046 or more
• The price for full coverage for a teen driver can cost $5,288 or more

View Chart as Image

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

More mature drivers with a clean driving record and high deductibles may pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, where even good drivers can expect to pay in the ballpark of $5,200 a year. View Rates by Age

The state you live in has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see prices as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or at least $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $560 every year, whereas increasing liability limits will push prices upward. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $423 more per year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying anywhere from $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers can be as much as 43% to 135% more than the average rate. View High Risk Driver Rates

Since prices can be so different, the best way to figure out who has the best auto insurance prices is to do a rate comparison and see which company has the best price. Each insurance company utilizes a different rate formula, so the prices may be quite different from one company to the next.

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 Cheapest Toyota Camry Insurance

Getting lower rates on car insurance requires being a low-risk driver, maintaining good credit, being claim-free, and maximizing policy discounts. Set aside time to shop around once a year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

The items below are a recap of the data that was raised in the charts and tables above.

• You may be able to save around $170 per year simply by quoting online in advance
• Policyholders who purchase more liability coverage will pay around $460 per year to increase from a low limit to 250/500 limits
• Teen drivers are expensive to insure, possibly costing $441 a month for full coverage
• Higher risk drivers that have major violations or accidents could be forced to pay on average $1,650 more per year to insure their Camry

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.