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 auto insurance rates for a Toyota Camry are $1,398 annually with full coverage. Comprehensive costs around $272, collision costs $552, and liability is $416. Liability-only coverage costs around $474 a year, with high-risk coverage costing around $3,046. 16-year-old drivers pay the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Price estimates for individual coverage:

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

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can make a big difference on insurance rates. Areas with sparse population have fewer collision claims than congested cities.

The price range example below illustrates how location helps determine auto insurance rates.

The ranges above demonstrate why anyone shopping for car insurance should compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based on rate averages.

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

Additional Rate Information

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

• The best full coverage rate is $798
• Raising to $1,000 deductibles will save about $186 annually
• The estimated rate for the average middle-age driver using $500 deductibles is $1,398
• Buying more expensive low deductibles will cost $1,764
• Drivers with multiple tickets or accidents could pay at least $3,046 or more
• The price with full coverage for a 16-year-old driver with full coverage can be $5,288

View Chart as Image

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

An older driver with a good driving record and high physical damage deductibles may pay as low as $1,300 every 12 months on average for full coverage. Prices are highest for teenage 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 have some driving violations or you caused a few accidents, you may be forking out at least $1,700 to $2,300 in extra premium each year, depending on your age. High-risk driver insurance is expensive and can cost from 43% to 135% more than the average rate. View High Risk Driver Rates

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

The state you live in also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices 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

Since prices can be so different, the best way to find out your exact price is to compare prices from multiple companies. Every auto insurance company utilizes a different rate formula, and quoted prices may be quite different between companies.

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 Cheaper Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry consists of being a safe and courteous driver, having above-average credit, avoid buying unnecessary coverage, and maximizing policy discounts. Invest time comparing rates at least every other year by obtaining price quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

Below is a condensed summary of the car insurance concepts covered in the charts and tables above.

• Drivers considered higher risk with multiple at-fault accidents may pay on average $1,650 more every year for auto insurance
• You may be able to save up to $170 per year simply by shopping early and online
• Increasing physical damage deductibles could save up to $550 each year
• Insureds who may need higher levels of liability will pay around $460 every year to raise from a low limit 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.