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.

The average insurance rates for a Toyota Camry are $1,398 a year for full coverage insurance. Comprehensive insurance costs around $272 a year, collision insurance costs $552, and liability coverage costs $416. Liability-only insurance costs as little as $474 a year, and high-risk driver insurance costs $3,046 or more. 16-year-old drivers cost the most to insure at up to $5,288 a year.

Average premium for full coverage: $1,398

Policy rates for type of insurance:

Prices are based on $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all 50 states and Camry trim levels.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than congested cities. The diagram below illustrates the difference between rural and urban areas on auto insurance rates.

The examples above illustrate why it is important to compare rates for a specific zip code, rather than using rate averages.

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

More Rate Details

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

• The best full coverage rate is $798
• Drivers who choose higher $1,000 deductibles will pay about $1,212 each year
• The estimated price for a good driver age 40 using $500 deductibles is $1,398
• Buying low $100 deductibles for comprehensive and collision insurance will cost an additional $366 each year
• High-risk insureds with multiple tickets or accidents could pay at least $3,046
• Policy cost that insures a teenage driver can be $5,288 a year

View Chart as Image

Auto insurance rates for a Toyota Camry also range considerably based on the trim level of your Camry, your age and driving record, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,700 to $2,300 in extra premium every year, depending on your age. A high-risk auto insurance policy can cost around 43% to 135% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay as much as $5,200 a year. View Rates by Age

Your home state makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,890 on average in Michigan, New York, and Florida.

View Chart as Image

Opting for high physical damage deductibles could save up to $560 a year, while buying higher liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $423 extra every year. 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

Finding cheaper rates on auto insurance not only requires being a low-risk driver, but also maintaining a good credit score, being claim-free, and possibly raising deductibles. Comparison shop every other policy renewal by requesting rates from direct insurance companies, and also from insurance agencies where you live.

The items below are a brief review of the ideas that were covered above.

• Teen drivers are expensive to insure, possibly costing $441 each month if the policy includes full coverage
• Drivers with DUI or reckless driving convictions could be forced to pay on average $1,650 more every year to insure their Camry
• Increasing comprehensive and collision deductibles can save approximately $550 each year
• It is possible to save up to $170 per year just by quoting early and online

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.