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 insurance rates for a Toyota Camry are $1,398 a year including full coverage. Comprehensive costs around $272 a year, collision insurance costs $552, and liability costs $416. A liability-only policy costs as little as $474 a year, and high-risk insurance costs around $3,046. Teenage drivers receive the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Rate estimates for individual coverage type:

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

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on the price of insurance. Areas with sparse population tend to have a lower frequency of comprehensive and collision claims than densely populated cities. The diagram below illustrates how geographic area affects auto insurance rates.

These examples highlight why it is important to compare rates for a specific zip code and risk profile, instead of making a decision based on average rates.

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

Additional Charts and Tables

The chart below breaks down average Toyota Camry insurance rates for additional coverage choices and driver risks.

• The best discount rate is $798
• Drivers who choose higher $1,000 deductibles will pay about $1,212 every year
• The average rate for a 40-year-old driver using $500 deductibles is $1,398
• Using low $100 deductibles for comprehensive and collision insurance will increase the cost to $1,764
• Drivers who are prone to accidents and violations could pay at least $3,046
• The cost for full coverage for a 16-year-old driver can be $5,288 a year

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on your driver profile, the model of your Camry, and deductibles and policy limits.

Older drivers with a clean driving record and high deductibles may pay as low as $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay as much as $5,200 a year. View Rates by Age

Where you live makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,000 on average in Michigan, New York, and Louisiana.

View Chart as Image

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

If you like to drive fast or tend to cause accidents, you are likely paying at least $1,700 to $2,300 extra per year, depending on your age. A high-risk auto insurance policy can cost 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 More Affordable Toyota Camry Insurance

Saving money on insurance for a Toyota Camry not only requires avoiding accidents and claims, but also maintaining good credit, not filing small claims, and dropping full coverage on older vehicles. Invest the time to compare rates at least once a year by getting rate quotes from direct car insurance companies like GEICO and Progressive, and also from several local insurance agents.

The points below are a summary of the primary concepts that were presented in the illustrations above.

• You may be able to save up to $170 per year just by quoting early and online
• Drivers considered higher risk who have multiple accidents or major violations pay on average $1,650 more every year to insure a Toyota Camry
• Increasing deductibles can save around $550 each year
• Drivers under the age of 20 pay higher rates, as much as $441 per month for full coverage

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.