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 $1,404 annually for full coverage insurance. Comprehensive costs around $282 a year, collision insurance costs $566, and liability coverage is $398. Buying just liability costs around $460 a year, and insurance for high-risk drivers costs around $3,054. Teens pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates for individual coverage:

Rates are based on $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 states and Camry trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on car insurance rates. Areas with sparse population have fewer physical damage claims than cities with more traffic congestion. The diagram below illustrates how geographic area affects auto insurance rates.

The ranges above illustrate why it is important to compare rates quotes for a specific zip code and their own personal driving habits, rather than using averaged prices.

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

Additional Rate Information

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

• The cheapest rate after discounts is $801
• Raising to $1,000 deductibles will save about $1,212 each year
• The estimated rate for the average middle-age driver using $500 deductibles is $1,404
• Selecting low $100 deductibles will cost $1,780
• Unlucky drivers with serious driving violations could pay at least $3,054
• The price with full coverage for a teenage driver can be $5,272

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on the trim level and model year, your risk profile, and deductibles and policy limits.

Older drivers with no violations or accidents and high physical damage deductibles may only pay around $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they should be prepared 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 are probably paying at least $1,700 to $2,300 additional each year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 44% to 135% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $570 a year, while buying higher liability limits will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $405 more each year. View Rates by Deductible or Liability Limit

The state you live in also has a big influence on Toyota Camry insurance rates. A middle-age driver might find prices as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $1,900 on average in Michigan, New York, and Florida.

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

Getting lower rates on auto insurance consists of being a low-risk driver, having good credit, not filing small claims, and deciding if full coverage is necessary. Invest the time to compare rates every other policy renewal by quoting rates from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The items below are a quick review of the ideas that were presented in the illustrations above.

• Teen drivers are charged the highest prices, as much as $439 a month if they have full coverage
• Drivers with a DUI or reckless driving violation pay on average $1,650 more every year to insure their Camry
• Increasing physical damage deductibles could save up to $575 each year
• It is possible to save up to $170 per year just by quoting early and online

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.