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.

Estimated insurance rates for a Toyota Camry are $1,398 a year for full coverage. Comprehensive costs an estimated $272, collision insurance costs $552, and liability coverage is $416. A policy with only liability insurance costs around $474 a year, and a high-risk policy costs around $3,046. 16-year-old drivers pay the most at up to $5,288 a year.

Average premium for full coverage: $1,398

Premium estimates broken down by type of coverage:

Full coverage includes $500 physical damage deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city has a large influence on insurance rates. More rural locations are statistically proven to have lower incidents of accident claims than congested cities. The price range example below illustrates how rural and urban location affects insurance prices.

These rate differences show why anyone shopping for car insurance should compare rates quotes for a targeted area, rather than using rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $798
• Raising to $1,000 deductibles will save approximately $186 a year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,398
• Buying more expensive low deductibles bumps up the cost to $1,764
• Unlucky drivers with multiple tickets or accidents could pay up to $3,046
• An auto insurance policy that insures a teenage driver with full coverage can cost as much as $5,288

View Chart as Image

Car insurance prices for a Toyota Camry also have a wide range based on the model year and trim level, how you drive, and liability limits and deductibles.

If you have a few violations or you caused an accident, you could be paying $1,700 to $2,300 extra annually, depending on your age. High-risk driver insurance is expensive and can cost around 43% to 135% more than the average rate. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged at least $5,200 a year. View Rates by Age

Where you choose to live also has a big influence on Toyota Camry insurance rates. A middle-age driver might find prices as low as $920 a year in states like Iowa, Maine, and Idaho, or at least $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce prices by up to $560 a year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $423 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 More Affordable Toyota Camry Insurance

Finding better rates on auto insurance consists of being a safe and courteous driver, having a positive credit history, not filing small claims, and possibly higher deductibles. Comparison shop every couple of years by getting rate quotes from direct carriers, and also from your local independent and exclusive agents.

Below is a summary of the material that was raised in the charts and tables above.

• Consumers who want higher levels of liability will pay around $460 each year to raise from 30/60 bodily injury limits to the 250/500 level
• Teenage drivers have the highest car insurance prices, as much as $441 per month if full coverage is purchased
• Drivers who have multiple accidents or major violations may pay on average $1,650 more annually for auto insurance
• Increasing policy deductibles can save approximately $550 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.