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 insurance costs an estimated $272 a year, collision insurance costs $552, and liability insurance costs around $416. Liability-only coverage costs as low as $474 a year, and high-risk coverage costs $3,046 or more. Teenage 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:

Prices include $500 policy deductibles, minimum liability limits, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a significant impact on insurance rates. More rural locations are statistically proven to have a lower frequency of accident claims than densely populated cities. The diagram below illustrates how geographic area affects insurance prices.

These rate differences show why it is important to compare prices for a targeted area and risk profile, rather than relying on average rates.

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

Additional Rate Analysis

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

• The best discount rate is $798
• Using higher $1,000 deductibles will save approximately $1,212 a year
• The average rate for a 40-year-old good driver who has $500 deductibles is $1,398
• Using low $100 deductibles for physical damage coverage will cost an extra $366 a year
• Drivers who are prone to accidents and violations could pay up to $3,046
• An auto insurance policy for full coverage for a teen driver can cost as much as $5,288 or more

View Chart as Image

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

Older drivers with a clean driving record and high deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers can expect to pay at least $5,200 a year. View Rates by Age

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 $920 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $560 each year, while buying higher liability limits will increase premiums. Going from a 50/100 limit to a 250/500 limit will cost up to $423 more per year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy can be anywhere from 43% to 135% more than a normal policy. View High Risk Driver Rates

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 Toyota Camry insurance requires avoiding accidents and claims, maintaining good credit, not filing small claims, and deciding if full coverage is necessary. Invest the time to compare rates every couple of years by quoting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The points below are a quick rundown of the material that was presented in the illustrations above.

• Drivers who want increased liability limits will pay an extra $460 each year to increase from 30/60 bodily injury limits to 250/500 limits
• Drivers under the age of 20 are charged the highest prices, as much as $441 per month for full coverage
• High-risk drivers with reckless driving or DUI convictions pay an average of $1,650 more annually to insure a Toyota Camry
• Increasing policy deductibles can save around $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.