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 on average $272 each year, collision costs $552, and liability coverage costs $416. A policy with only liability insurance costs as little as $474 a year, with a high-risk policy costing around $3,046. Teen drivers pay the most at $5,288 a year or more.

Average premium for full coverage: $1,398

Premium estimates by type of coverage:

Prices include $500 deductibles, split liability limits of 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location has a large influence on car insurance rates. Rural areas are statistically proven to have lower incidents of accident claims than larger metro areas.

The graphic below illustrates how location impacts car insurance rates.

These rate differences show why all drivers should compare rates based on a specific location, rather than using price averages.

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

Additional Rate Details

The chart below shows estimated Toyota Camry insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $798
• Drivers who choose higher $1,000 deductibles will pay around $186 a year
• The estimated price for a 40-year-old good driver with $500 deductibles is $1,398
• Choosing low deductibles for comprehensive and collision insurance bumps up the cost to $1,764
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $3,046 or more
• An auto insurance policy that insures a teenage driver may cost $5,288 a year

View Chart as Image

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

If you have a few violations or you caused an accident, you could be paying at a minimum $1,700 to $2,300 extra annually, depending on your age. Insurance for high-risk drivers can cost around 43% to 135% more than average. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 per year 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 upwards of $5,200 a year. View Rates by Age

Where you choose to live 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 Idaho, Maine, and Iowa, or as much as $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing high deductibles could save up to $560 a year, whereas increasing liability limits will cost you more. 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

With such a large range in prices, the only way to know exactly what you will pay is to do a rate comparison and see how they stack up. Every company uses a different rate calculation, so rate quotes will be substantially different.

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 Right Toyota Camry Insurance

Finding better rates on auto insurance not only requires not taking risks behind the wheel, but also having a positive credit history, not filing small claims, and maximizing policy discounts. Shop around at least once a year by getting quotes from direct carriers, and also from local exclusive and independent agents.

The following is a quick rundown of the primary concepts that were touched on above.

• Drivers can save as much as $170 per year simply by quoting online in advance
• Drivers with reckless driving or DUI convictions may pay on average $1,650 more each year for Camry insurance
• Increasing policy deductibles can save approximately $550 each year
• Teens are expensive to insure, as much as $441 per month if full coverage is purchased

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.