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 with full coverage. Comprehensive costs an estimated $272 a year, collision insurance costs $552, and liability is $416. Liability-only coverage costs around $474 a year, and high-risk coverage costs around $3,046. Teen 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:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Rates include averaging for all U.S. states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can have significant affects on car insurance rates. More rural locations are statistically proven to have fewer collision claims than larger metro areas. The diagram below illustrates the difference between rural and urban areas on insurance prices.

These rate differences demonstrate why it is important to compare rates quotes for a targeted area and their own personal driving habits, instead of using price averages.

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

Rates by State, City, and Model

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

• The lowest rate with discounts is $798
• Raising to $1,000 deductibles will save approximately $1,212 annually
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,398
• Choosing low $100 deductibles will cost $1,764
• At-risk drivers with multiple violations and an at-fault accident could pay up to $3,046
• An auto insurance policy with full coverage for a teen driver can cost as much as $5,288

View Chart as Image

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

Older drivers with a clean driving record and high physical damage deductibles may pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they can expect to pay at least $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 43% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles can reduce prices by up to $560 every year, while buying higher liability limits will increase premiums. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $423 more per year. View Rates by Deductible or Liability Limit

Where you choose to live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $1,010 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,890 on average in New York, Michigan, and Florida.

View Chart as Image

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 Low Cost Toyota Camry Insurance

Finding better rates on car insurance consists of having a decent driving record, having a good credit history, being claim-free, and deciding if full coverage is necessary. Set aside time to compare rates at every policy renewal by quoting rates from direct companies, and also from several local insurance agents.

The following items are a review of the data covered above.

• Policyholders who want additional liability coverage will pay about $460 every year to raise from 30/60 bodily injury limits to higher 250/500 limits
• You may be able to save approximately $170 per year just by quoting early and online
• Increasing policy deductibles could save up to $550 each year
• 16 to 18-year-old drivers are charged the highest prices, possibly costing $441 per month including comprehensive and collision 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.