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.

Average auto insurance rates for a Toyota Camry are $1,404 annually for full coverage insurance. Comprehensive insurance costs an estimated $282, collision costs $566, and liability coverage costs around $398. Buying just liability costs as low as $460 a year, with insurance for high-risk drivers costing $3,054 or more. Teenage drivers receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates broken down by individual coverage type:

Estimates include $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all 50 states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Where you live has a large influence on the price of insurance. More rural locations tend to have fewer physical damage claims than densely populated cities.

The price range example below illustrates the difference location can make on insurance prices.

These examples illustrate why anyone shopping for car insurance should compare prices for a targeted area and their own personal driving habits, rather than using average rates.

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

Rate Comparisons

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save approximately $192 each year
• The estimated rate for a 40-year-old driver who has $500 deductibles is $1,404
• Using more expensive low deductibles for physical damage coverage costs an additional $376 each year
• Higher-risk drivers who are prone to accidents and violations could pay up to $3,054 or more
• The cost with full coverage for a teenage driver with full coverage can cost as much as $5,272 or more

View Chart as Image

Auto insurance rates for a Toyota Camry can also vary considerably based on the trim level of your Camry, your risk profile, and liability limits and deductibles.

An older driver with a good driving record and high physical damage deductibles may only pay around $1,300 a year for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay at least $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying $1,700 to $2,300 in extra premium per year, depending on your age. High-risk driver insurance can be around 44% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut rates by as much as $570 a year, while increasing your policy's liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $405 extra every year. View Rates by Deductible or Liability Limit

Where you live has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see rates as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,900 on average in Florida, New York, and Michigan.

View Chart as Image

With so much variability in rates, the only way to figure out which company is cheapest is to compare rates and see how they stack up. Each insurance company uses a different method to calculate rates, and quoted rates can be significantly 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 Low Cost Toyota Camry Insurance

Saving money on auto insurance requires being a safe and courteous driver, having above-average credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Make time to compare rates every other policy renewal by requesting quotes from direct insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

Below is a review of the ideas that were touched on in this article.

• Teenage drivers are the costliest to insure, costing up to $439 per month if full coverage is included
• Drivers who have several accidents or serious violations may pay on average $1,650 more annually for auto insurance
• Increasing deductibles could save up to $575 each year
• It is possible to save approximately $170 per year simply by shopping early and online

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.