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 for full coverage. Comprehensive costs on average $272 each year, collision insurance costs $552, and liability coverage is estimated at $416. Liability-only insurance costs approximately $474 a year, and high-risk driver insurance 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 by type of coverage:

Rates are based on $500 policy deductibles, minimum liability limits, and includes both medical and UM/UIM coverage. Rates include averaging for all states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural areas are statistically proven to have fewer accident claims than larger metro areas. The graphic below illustrates the difference between rural and urban areas on car insurance rates.

These rate differences show why all drivers should get quotes based on a specific location and their own personal driving habits, rather than using price averages.

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

Rate Comparisons

The chart below shows average Toyota Camry insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $798
• Choosing higher $1,000 deductibles can save around $186 a year
• The estimated rate for a 40-year-old good driver with $500 deductibles is $1,398
• Choosing low deductibles for comp and collision coverage will cost $1,764
• Drivers with multiple violations and an at-fault accident could pay upwards of $3,046
• An auto insurance policy with full coverage for a teenage driver may cost $5,288 each year

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your driver profile, and policy deductibles and limits.

More mature drivers with no violations or accidents and high physical damage deductibles may only pay around $1,300 annually 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 should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying at a minimum $1,700 to $2,300 additional annually, depending on your age. Insurance for high-risk drivers ranges around 43% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $560 a year, whereas increasing liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $423 more each year. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $920 a year in states like Idaho, Maine, and Iowa, or as much as $2,000 on average in Michigan, Louisiana, and New York.

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 the Best Cheap Toyota Camry Insurance

Finding better rates on auto insurance takes being safe and accident-free, having good credit, not filing small claims, and dropping full coverage on older vehicles. Set aside time to compare rates every couple of years by quoting rates from direct carriers, and also from local insurance agents.

Below you'll find a quick review of the material that was covered above.

• Consumers who require more liability protection will pay about $460 each year to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• Youthful drivers pay higher prices, as much as $441 per month if they have full coverage
• Drivers with a DUI or reckless driving violation may be required to pay an average of $1,650 more each year than a low-risk driver
• Increasing policy deductibles could save up to $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.