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 insurance costs on average $272 each year, collision insurance costs $552, and liability costs $416. Buying just liability costs as little as $474 a year, and insurance for high-risk drivers costs $3,046 or more. 16-year-old drivers pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates by individual coverage:

Price estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all 50 U.S. states and Camry models.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on car insurance rates. Rural areas have a lower frequency of comprehensive and collision claims than congested cities. The graphic below illustrates how location impacts car insurance rates.

The ranges above highlight why all drivers should compare rates based on a specific location and risk profile, instead of making a decision based on rate averages.

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

More Rate Information

The chart below breaks down average Toyota Camry insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $798
• Drivers who choose higher $1,000 deductibles will pay around $186 every year
• The average rate for the average middle-age driver with $500 deductibles is $1,398
• Buying low deductibles for comprehensive and collision insurance will cost an extra $366 annually
• Drivers with multiple tickets or accidents could pay upwards of $3,046
• The price for full coverage for a 16-year-old driver may cost $5,288 a year

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 policy deductibles and limits.

More mature drivers with no violations or accidents and high deductibles may pay as low as $1,300 per year on average for full coverage. Prices are highest for teenage drivers, where even good drivers should be prepared to pay upwards of $5,200 a year. View Rates by Age

The state you live in makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,000 on average in Michigan, New York, and Louisiana.

View Chart as Image

Opting for high physical damage deductibles could save up to $560 annually, whereas increasing liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will increase prices by as much as $423 more each year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are likely paying at a minimum $1,700 to $2,300 additional each year, depending on your age. Insurance for high-risk drivers can cost from 43% 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 Cheaper Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry not only requires having a good driving record, but also having a good credit history, being claim-free, and dropping full coverage on older vehicles. Spend time shopping around every other policy renewal by quoting rates from direct car insurance companies like Progressive and GEICO, and also from local exclusive and independent agents.

The next list is a condensed summary of the ideas that were touched on above.

• Drivers age 20 and younger pay higher prices, possibly costing $441 a month including comprehensive and collision insurance
• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,650 more each year to buy Toyota Camry insurance
• Increasing physical damage deductibles can save around $550 each year
• You may be able to save as much as $170 per year just by quoting online in advance

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.