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 with full coverage. Comprehensive costs around $272, collision insurance costs $552, and liability insurance is estimated at $416. A liability-only policy costs approximately $474 a year, and high-risk insurance costs around $3,046. 16-year-old drivers pay the most at up to $5,288 a year.

Average premium for full coverage: $1,398

Premium estimates for type of coverage:

Rates are based on $500 comprehensive and collision deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a significant impact on insurance rates. Areas with sparse population are statistically proven to have fewer collision claims than congested cities. The price range example below illustrates how location helps determine auto insurance rates.

These rate differences demonstrate why anyone shopping for car insurance should get quotes for a specific zip code and their own personal driving habits, rather than relying on rate averages.

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

Additional Rate Details

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

• The best full coverage rate is $798
• Choosing higher $1,000 deductibles can save about $186 annually
• The estimated rate for a 40-year-old good driver using $500 deductibles is $1,398
• Buying more expensive low deductibles for comp and collision coverage will cost $1,764
• High-risk insureds with multiple tickets or accidents could pay at least $3,046
• An auto insurance policy with full coverage for a teen driver with full coverage can be $5,288 each year

View Chart as Image

Auto insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your driving record, and deductibles and policy limits.

An older driver with a good driving record and high physical damage deductibles could pay as little as $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 will have to pay as much as $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you may be forking out at least $1,700 to $2,300 in extra premium annually, depending on your age. High-risk driver insurance ranges anywhere from 43% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $560 each year, while increasing your policy's liability limits will increase prices. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost up to $423 extra every 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 $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 Best Cheap Toyota Camry Insurance

Finding better rates on Toyota Camry insurance takes avoiding accidents and violations, having above-average credit, being claim-free, and possibly raising deductibles. Invest time comparing rates every time your policy renews by obtaining price quotes from direct companies, and also from local exclusive and independent agents.

The list below is a quick review of the information covered in the charts and tables above.

• You may be able to save up to $170 per year just by shopping early and online
• Teenagers are expensive to insure, possibly costing $441 per month if full coverage is included
• Increasing policy deductibles could save up to $550 each year
• High-risk drivers with a DUI or reckless driving violation may pay on average $1,650 more every year for car insurance
• Drivers who may need higher liability limits will pay around $460 every year to raise limits from 30/60 bodily injury limits to higher 250/500 limits

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.