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 costs an estimated $282, collision insurance costs $566, and liability is $398. Liability-only coverage costs around $460 a year, and high-risk coverage costs around $3,054. Teens receive the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Rate estimates broken down by individual coverage type:

Prices are based on $500 physical damage deductibles, minimum liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. More rural locations tend to have lower incidents of physical damage claims than cities with more traffic congestion. The price range example below illustrates how your location can change insurance prices.

These examples illustrate why anyone shopping for car insurance should compare rates quotes for a targeted area, instead of making a decision based on averaged prices.

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

Detailed Rate Analysis

The chart below illustrates average Toyota Camry insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $801
• Raising to $1,000 deductibles will save approximately $192 each year
• The estimated price for a 40-year-old driver who has $500 deductibles is $1,404
• Selecting more expensive low deductibles bumps up the cost to $1,780
• Drivers with serious driving violations could pay up to $3,054
• The cost that insures a 16-year-old driver with full coverage can cost as much as $5,272

View Chart as Image

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

If you like to drive fast or you caused an accident, you are probably paying $1,700 to $2,300 extra per year, depending on your age. High-risk driver insurance is expensive and can cost from 44% to 135% more than the average policy. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged at least $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 North Carolina, Wisconsin, and Vermont, or have to pay at least $1,900 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $570 annually, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $405 extra every 12 months. View Rates by Deductible or Liability Limit

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 insurance for a Toyota Camry consists of being a safe and courteous driver, having a positive credit history, avoid buying unnecessary coverage, and possibly higher deductibles. Compare rates every couple of years by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

Below is a brief review of the material that was illustrated above.

• Insureds who want higher levels of liability will pay approximately $440 annually to raise from a minimum limit to the 250/500 level
• Teenage drivers have the highest car insurance rates, costing up to $439 per month if full coverage is purchased
• Drivers considered higher risk with DUI or reckless driving convictions may have to pay on average $1,650 more annually for auto insurance
• Increasing deductibles can save approximately $575 each year

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.