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

Average premium for full coverage: $1,398

Price estimates for individual coverage:

Full coverage includes $500 policy deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Estimates are averaged for all 50 states and for all Camry models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on car insurance rates. Areas with sparse population have fewer physical damage claims than congested cities. The example below illustrates the effect of geographic area on auto insurance rates.

The ranges above illustrate why everyone should get quotes for a specific zip code and their own personal driving habits, rather than using rate averages.

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

More Rate Details

The chart below illustrates 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 each year
• The estimated rate for the average middle-age driver using $500 deductibles is $1,398
• Buying pricier low deductibles for comp and collision coverage costs an additional $366 each year
• Drivers with multiple tickets or accidents could pay at least $3,046
• The price with full coverage for a teenage driver for full coverage can be $5,288 each year

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.

A more mature driver with a clean driving record and high physical damage deductibles may only pay around $1,300 annually on average for full coverage. Prices are highest for teenage drivers, where even without any violations or accidents they can expect 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 extra each year, depending on your age. Toyota Camry insurance for high-risk drivers ranges around 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 a year, whereas buying more liability protection will increase prices. Switching from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $423 more per year. View Rates by Deductible or Liability Limit

The state you live in 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 Vermont, Wisconsin, and North Carolina, or at least $1,890 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 More Affordable Toyota Camry Insurance

Getting lower rates on auto insurance takes being safe and accident-free, having a good credit history, not filing small claims, and dropping full coverage on older vehicles. Take the time to compare rates every year by getting quotes from direct insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

Below you'll find a summary of the coverage data covered in the above illustrations.

• It is possible to save up to $170 per year just by quoting online well ahead of the renewal date
• Increasing physical damage deductibles could save up to $550 each year
• Youthful drivers pay higher prices, as much as $441 a month including comprehensive and collision insurance
• Drivers who have multiple accidents or major violations pay on average $1,650 more every year than a low-risk driver

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.