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 $1,398 annually with full coverage. Comprehensive insurance costs around $272, collision insurance costs $552, and liability coverage costs $416. Buying just liability costs as little as $474 a year, and insurance for high-risk drivers costs $3,046 or more. 16-year-old 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:

Prices include $500 policy deductibles, 30/60 liability coverage, and includes uninsured/under-insured motorist coverage. Rates are averaged for all U.S. states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on insurance rates. Areas with sparse population tend to have fewer collision claims than congested cities. The price range example below illustrates how where you live affects auto insurance rates.

These examples demonstrate why anyone shopping for car insurance should compare rates for a specific zip code and their own personal driving habits, rather than using rate averages.

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

More Rate Information

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

• The best full coverage rate is $798
• Drivers who choose higher $1,000 deductibles will pay about $186 annually
• The estimated rate for a 40-year-old driver using $500 deductibles is $1,398
• Buying more expensive low deductibles for comprehensive and collision insurance costs an additional $366 each year
• High-risk insureds with multiple tickets or accidents could pay at least $3,046
• The cost with full coverage for a teenage driver with full coverage can be $5,288 a year

View Chart as Image

Auto insurance rates for a Toyota Camry can also vary considerably based on the trim level of your Camry, your driving record, and deductibles and policy limits.

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

If you like to drive fast or you caused a few accidents, you may be forking out at least $1,700 to $2,300 in extra premium per year, depending on your age. High-risk driver insurance can cost around 43% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could save up to $560 a year, while increasing your policy's liability limits will increase rates. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $423 extra every year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or at least $1,890 on average in Florida, Michigan, 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 Right Toyota Camry Insurance

Saving money on auto insurance not only requires being safe and accident-free, but also having above-average credit, eliminating unnecessary coverage, and possibly raising deductibles. Take the time to comparison shop every year by obtaining price quotes from direct companies like Progressive and GEICO, and also from local exclusive and independent agents.

Below you'll find a quick rundown of the coverage data touched on in the above illustrations.

• You may be able to save up to $170 per year just by shopping early and online
• Increasing deductibles could save up to $550 each year
• Youthful drivers are expensive to insure, with premiums as much as $441 per month if full coverage is included
• Drivers with reckless driving or DUI convictions may pay on average $1,650 more every year than a low-risk driver

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.