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 insurance rates for a Toyota Camry are $1,404 a year with full coverage. Comprehensive costs an estimated $282 each year, collision costs $566, and liability coverage is estimated at $398. Liability-only coverage costs approximately $460 a year, with high-risk coverage costing around $3,054. 16-year-old drivers pay the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Price estimates broken down by individual coverage:

Rates are based on $500 policy deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Estimates are averaged for all U.S. states and Camry models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on car insurance rates. More rural locations have a lower frequency of collision claims than congested cities.

The graphic below illustrates how where you live affects insurance prices.

The ranges above demonstrate why all drivers should get quotes for a targeted area and risk profile, rather than using rate averages.

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

Additional Rate Details

The chart below details estimated Toyota Camry insurance rates for other coverage scenarios.

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save approximately $192 annually
• The average rate for the average middle-age driver who has $500 deductibles is $1,404
• Buying low deductibles for comp and collision coverage will increase the cost to $1,780
• Drivers with multiple tickets or accidents could pay up to $3,054 or more
• The price for full coverage for a teenage driver can cost as much as $5,272 each year

View Chart as Image

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

More mature drivers with a good driving record and high deductibles may only pay around $1,300 annually on average for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay at least $5,200 a year. View Rates by Age

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 $1,010 a year in states like Utah, Ohio, and New Hampshire, or at least $1,900 on average in New York, Michigan, and Florida.

View Chart as Image

Opting for high physical damage deductibles can save as much as $570 a year, whereas increasing liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $405 extra every year. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out $1,700 to $2,300 in extra premium each year, depending on your age. Insurance for high-risk drivers ranges around 44% to 135% more than the average rate. View High Risk Driver Rates

Since prices can be so different, the best way to find out which car insurance is cheapest is to do a rate comparison and see how they stack up. Each auto insurer utilizes a different rate formula, and quoted prices may be quite different from one company to the next.

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 Find the Best Cheap Toyota Camry Insurance

Getting lower rates on auto insurance takes being safe and accident-free, having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Take the time to comparison shop every couple of years by obtaining price quotes from direct companies like Progressive and GEICO, and also from local exclusive and independent agents.

Below you'll find a quick review of the material that was touched on in the above illustrations.

• Consumers who want more liability protection will pay around $440 every year to raise limits from a low limit to 250/500 limits
• Youthful drivers are the costliest to insure, costing up to $439 a month if they have full coverage
• Drivers with a DUI or reckless driving violation may pay on average $1,650 more annually than a low-risk driver
• Increasing physical damage deductibles can save around $575 each year

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.