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 $1,398 every 12 months with full coverage. Comprehensive costs an estimated $272 a year, collision costs $552, and liability costs around $416. Liability-only insurance costs as low as $474 a year, with high-risk driver insurance costing around $3,046. Teen drivers pay the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Price estimates broken down by individual coverage:

Price estimates include $500 policy deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all U.S. states and Camry trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on car insurance rates. More rural locations have more infrequent collision claims than larger metro areas.

The diagram below illustrates how geographic area affects insurance prices.

The ranges above demonstrate why it is important to compare prices for a targeted area and their own driving history, instead of making a decision based on price averages.

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

Additional Rate Analysis

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

• The lowest rate with discounts is $798
• Using higher $1,000 deductibles will save approximately $1,212 annually
• The average price for the average middle-age driver who has $500 deductibles is $1,398
• Choosing low $100 deductibles for physical damage coverage increases the price to $1,764
• High-risk insureds with multiple violations and an at-fault accident could pay up to $3,046 or more
• The price to insure a 16-year-old driver can cost as much as $5,288 or more

View Chart as Image

Car insurance prices for a Toyota Camry are also quite variable based on deductibles and policy limits, your driving record, and the model year and trim level.

Choosing high deductibles could cut prices by as much as $560 annually, while buying higher liability limits will increase premiums. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $423 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as low as $1,300 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers will be charged at least $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out $1,700 to $2,300 extra each year, depending on your age. A high-risk auto insurance policy can be from 43% to 135% more than average. View High Risk Driver Rates

The state you live in has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see prices as low as $1,010 a year in states like Utah, Ohio, and New Hampshire, or as much as $1,890 on average in New York, Michigan, and Florida.

View Chart as Image

Since prices can be so different, the best way to find out which car insurance is cheapest is to get quotes from multiple companies. Each insurance company uses a different rate calculation, so rate quotes 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 Cheaper Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry requires being a good driver, maintaining a good credit score, avoid buying unnecessary coverage, and not having any coverage lapses. Invest the time to compare rates once a year by obtaining price quotes from direct companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following list is a condensed summary of the data that was presented in the illustrations above.

• You may be able to save approximately $170 per year simply by quoting early and online
• Insureds who want an increased level of liability coverage will pay about $460 every year to increase from a low limit to a 250/500 level
• Drivers age 16 to 20 have the highest car insurance prices, costing up to $441 a month if the policy includes full coverage
• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,650 more annually than a safer 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.