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 auto insurance rates for a Toyota Camry are $1,398 annually including full coverage. Comprehensive costs on average $272, collision costs $552, and liability insurance costs around $416. Liability-only insurance costs as low as $474 a year, with high-risk driver insurance costing around $3,046. 16-year-old drivers pay the most at $5,288 a year or more.

Average premium for full coverage: $1,398

Premium estimates by type of coverage:

Full coverage includes $500 deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all 50 U.S. states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a significant impact on car insurance rates. Rural areas are statistically proven to have fewer comprehensive and collision claims than congested cities.

The price range example below illustrates how location helps determine car insurance rates.

These rate differences highlight why anyone shopping for car insurance should compare prices based on a specific location and their own personal driving habits, rather than relying on rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $798
• Using higher $1,000 deductibles will save around $186 every year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $1,398
• Buying more expensive low deductibles for physical damage coverage will cost $1,764
• Drivers with multiple tickets or accidents could pay upwards of $3,046 or more
• An auto insurance policy with full coverage for a teen driver with full coverage may cost $5,288 or more

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your driving characteristics, and policy deductibles and limits.

An older driver with no violations or accidents and high physical damage deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are likely paying at a minimum $1,700 to $2,300 additional annually, depending on your age. High-risk driver insurance can be anywhere from 43% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut prices by as much as $560 each year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost up to $423 more each year. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,000 on average in Michigan, New York, and Louisiana.

View Chart as Image

With such a large range in prices, the best way to figure out exactly what you will pay is to compare prices from as many companies as possible. Each insurance company utilizes a different rate formula, and prices will be substantially different between companies.

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 Buy More Affordable Toyota Camry Insurance

Finding better rates on Toyota Camry insurance requires not taking risks behind the wheel, having good credit, refrain from filing small claims, and insuring your home and auto with the same company. Invest time comparing rates once a year by requesting rates from direct car insurance companies, and also from several local insurance agents.

The following is a summary of the data that was covered in the charts and tables above.

• You may be able to save as much as $170 per year simply by shopping early and online
• Drivers who require higher liability limits will pay around $460 per year to increase from 30/60 bodily injury limits to higher 250/500 limits
• Teens pay higher prices, with the cost nearing $441 per month if they have full coverage
• High-risk drivers who have multiple accidents or major violations pay on average $1,650 more each year for Camry insurance

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.