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 including full coverage. Comprehensive insurance costs on average $272, collision costs $552, and liability coverage is $416. A liability-only policy costs around $474 a year, with high-risk insurance costing $3,046 or more. Teenage drivers cost the most to insure at $5,288 a year or more.

Average premium for full coverage: $1,398

Policy rates by type of insurance:

Includes $500 physical damage insurance deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all 50 U.S. states and for all Camry models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on car insurance rates. Rural areas are shown to have more infrequent comprehensive and collision claims than densely populated cities.

The example below illustrates the effect of geographic area on car insurance rates.

The examples above highlight why everyone should compare rates quotes based on a specific location and their own driving history, rather than using average rates.

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

Rate Comparisons

The chart below breaks down estimated Toyota Camry insurance rates for different risk profiles and scenarios.

• The best discount rate is $798
• Raising to $1,000 deductibles will save around $186 every year
• The average price for a good driver age 40 with $500 deductibles is $1,398
• Using pricier low deductibles costs an extra $366 each year
• Unlucky drivers who are prone to accidents and violations could pay upwards of $3,046 or more
• Policy cost to insure a teenage driver for full coverage may cost $5,288

View Chart as Image

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

Using high physical damage deductibles can reduce rates by up to $560 a year, whereas buying more liability protection will cost you more. Changing 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

A more mature driver with no driving violations and higher deductibles may only pay around $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are much higher 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 are likely paying at a minimum $1,700 to $2,300 extra every year, depending on your age. Toyota Camry insurance for high-risk drivers is expensive and can cost around 43% to 135% more than a normal policy. View High Risk Driver Rates

Your home state also has a big influence on Toyota Camry insurance rates. A middle-age driver might find rates as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $2,000 on average in Michigan, New York, and Louisiana.

View Chart as Image

Because rates have so much variability, the best way to figure out exactly what you will pay is to regularly compare rates and see how they stack up. Every auto insurance company uses a different method to calculate rates, so rate quotes will be varied.

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 the Cheapest Toyota Camry Insurance

Finding cheaper rates on auto insurance consists of being a low-risk driver, maintaining a good credit score, paying for small claims out-of-pocket, and maximizing policy discounts. Take the time to compare rates once a year by requesting quotes from direct car insurance companies, and also from your local independent and exclusive agents.

The items below are a recap of the data that was covered in the above illustrations.

• You may be able to save as much as $170 per year simply by quoting online well ahead of the renewal date
• Consumers who require more liability coverage will pay an extra $460 per year to raise from a 30/60 limit to a 250/500 level
• Teen drivers are expensive to insure, with premiums being up to $441 each month if the policy includes full coverage
• Drivers that have major violations or accidents may pay on average $1,650 more each year to insure their Camry

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.