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 $1,404 a year for full coverage. Comprehensive costs around $282 each year, collision insurance costs $566, and liability is $398. A policy with just liability insurance costs around $460 a year, and coverage for high-risk drivers costs around $3,054. Teens pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates for individual coverage:

Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all states and Camry models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on auto insurance rates. Areas with sparse population have lower incidents of accident claims than cities with more traffic congestion. The graphic below illustrates how location helps determine auto insurance rates.

The ranges above show why all drivers should compare rates quotes for a specific zip code, instead of using averaged prices.

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

Rates by State, City, and Model

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

• The cheapest rate after discounts is $801
• Raising to $1,000 deductibles will save about $192 a year
• The estimated price for the average middle-age driver using $500 deductibles is $1,404
• Selecting low deductibles bumps up the cost to $1,780
• At-risk drivers with serious driving violations could pay at least $3,054
• The price that insures a teen driver can be $5,272

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on the trim level and model year, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost as much as 44% to 135% more than the average policy. View High Risk Driver Rates

More mature drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay as much as $5,200 a year. View Rates by Age

The state you live in also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $930 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $570 every year, whereas increasing liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 more per 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 Cheaper Toyota Camry Insurance

Getting lower rates on car insurance consists of being a good driver, having above-average credit, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Compare rates every other policy renewal by quoting rates from direct carriers, and also from several local insurance agents.

The following list is a condensed summary of the ideas that were covered in the charts and tables above.

• Drivers age 16 to 20 pay higher prices, with premiums as much as $439 a month if full coverage is included
• Higher risk drivers with multiple at-fault accidents pay on average $1,650 more every year than a safer driver
• Increasing physical damage deductibles can save approximately $575 each year
• Drivers can save up to $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.