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.

The average insurance prices for a Toyota Camry are $1,398 every 12 months for full coverage. Comprehensive costs on average $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. Teen drivers cost the most to insure at up to $5,288 a year.

Average premium for full coverage: $1,398

Policy rates by type of insurance:

These estimates include $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all states and for different Camry trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a significant impact on car insurance rates. Rural areas are shown to have more infrequent accident claims than larger metro areas. The price range example below illustrates how where you live affects car insurance rates.

The examples above show why anyone shopping for car insurance should get quotes based on a specific location and their own driving history, rather than relying on price averages.

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

Detailed Rate Analysis

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 average price for a good driver age 40 with $500 deductibles is $1,398
• Choosing more expensive low deductibles for comp and collision coverage increases the price to $1,764
• High-risk insureds with multiple violations and an at-fault accident could pay upwards of $3,046
• Policy cost to insure a teen driver with full coverage may cost $5,288 each year

View Chart as Image

Car insurance rates for a Toyota Camry also range considerably based on liability limits and deductibles, your driver profile, and the trim level of your Camry.

Choosing high deductibles can save as much as $560 each year, while increasing your policy's liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will raise rates by up to $423 extra every 12 months. View Rates by Deductible or Liability Limit

An older driver with no driving violations and higher deductibles could pay as little as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will be charged upwards of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you could be paying at a minimum $1,700 to $2,300 extra every year, depending on your age. High-risk driver insurance ranges anywhere from 43% to 135% more than average. View High Risk Driver Rates

Your home state 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 Shop for Cheap Toyota Camry Insurance

Finding cheaper rates on Toyota Camry insurance takes having a decent driving record, maintaining a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Take the time to comparison shop at least every other year by obtaining price quotes from direct carriers, and also from local independent and exclusive agents.

The following items are a brief summary of the car insurance concepts touched on in the above illustrations.

• High-risk drivers that tend to have accidents or serious violations pay an average of $1,650 more each year than a driver with a clean driving record
• Drivers can save as much as $170 per year just by shopping early and online
• Increasing comprehensive and collision deductibles could save as much as $550 each year
• Drivers who require additional liability coverage will pay about $460 each year to raise limits from a 30/60 limit to a 250/500 level

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.