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 including full coverage. Comprehensive insurance costs around $272 each year, collision insurance costs $552, and liability is $416. A liability-only policy costs around $474 a year, and high-risk insurance costs $3,046 or more. Teens 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, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates are averaged for all 50 U.S. states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. Areas with sparse population tend to have fewer comprehensive and collision claims than cities with more traffic congestion. The graphic below illustrates how location impacts auto insurance rates.

These examples highlight why all drivers should compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based on averaged prices.

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

Additional Rate Information

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

• The cheapest rate after discounts is $798
• Raising to $1,000 deductibles will save about $186 every year
• The estimated rate for a 40-year-old driver using $500 deductibles is $1,398
• Selecting low deductibles costs an additional $366 annually
• Drivers with serious driving violations could pay at least $3,046
• The cost with full coverage for a 16-year-old driver can be $5,288

View Chart as Image

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

More mature drivers with a clean driving record and high physical damage deductibles may pay as low as $1,300 every 12 months on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect 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 are likely paying at least $1,700 to $2,300 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 43% to 135% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $560 annually, whereas increasing liability limits will increase rates. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $423 more per year. View Rates by Deductible or Liability Limit

Where you live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find rates as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $2,000 on average in Michigan, New York, and Louisiana.

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 insurance for a Toyota Camry consists of being a good driver, having a good credit history, not filing small claims, and dropping full coverage on older vehicles. Spend time shopping around at least once a year by quoting rates from direct car insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The following list is a quick rundown of the primary concepts that were touched on above.

• You may be able to save up to $170 per year just by quoting online in advance
• Drivers considered higher risk with reckless driving or DUI convictions may pay on average $1,650 more every year than a safer driver
• Increasing deductibles could save up to $550 each year
• Drivers age 16 to 20 pay higher rates, as much as $441 per month including comprehensive and collision insurance

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.