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 prices for a Toyota Camry are $1,404 every 12 months for full coverage. Comprehensive insurance costs an estimated $282 each year, collision costs $566, and liability insurance costs around $398. Buying just liability costs as low as $460 a year, with insurance for high-risk drivers costing $3,054 or more. Teens pay the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Price estimates broken down by individual coverage:

Full coverage includes $500 deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all states and Camry models.

Price Range from Low to High

Geographic Price Range

Where you live has a significant impact on insurance rates. More rural locations have more infrequent accident claims than cities with more traffic congestion.

The graphic below illustrates the effect of geographic area on insurance prices.

The ranges above show why all drivers should compare prices for a targeted area and their own driving history, rather than relying on averaged prices.

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

More Rate Information

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

• The cheapest rate after discounts is $801
• Using higher $1,000 deductibles will save approximately $192 a year
• The average price for the average middle-age driver who has $500 deductibles is $1,404
• Selecting low deductibles for physical damage coverage costs an extra $376 a year
• Drivers with serious driving violations could pay up to $3,054 or more
• The price to insure a teen driver can cost as much as $5,272 or more

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on deductibles and policy limits, your driver profile, and the model year and trim level.

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $570 each year, whereas increasing liability limits will increase premiums. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $405 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles could pay as little as $1,300 a year for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay at least $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying $1,700 to $2,300 additional each year, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 135% more than the average policy. View High Risk Driver Rates

The state you live in has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $930 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Since prices can be so different, the only way to know which car insurance is cheapest is to do a rate comparison from as many companies as possible. Each insurance company calculates prices differently, and prices may be quite 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 Shop for More Affordable Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance requires not taking risks behind the wheel, having above-average credit, eliminating unnecessary coverage, and maximizing policy discounts. Take the time to compare rates every couple of years by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following is a summary of the material that was covered in the above illustrations.

• Drivers who want higher liability limits will pay approximately $440 each year to increase from a low limit to a 250/500 level
• Teens are expensive to insure, with premiums as much as $439 a month if full coverage is included
• High-risk drivers who have multiple accidents or major violations pay on average $1,650 more annually for Camry insurance
• Increasing physical damage deductibles could save as much as $575 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.