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.

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

Average premium for full coverage: $1,398

Premium estimates broken down by type of coverage:

Price estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all 50 states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on the price of insurance. More rural locations are statistically proven to have fewer physical damage claims than congested cities.

The diagram below illustrates how your location can change insurance prices.

These rate differences illustrate why it is important to get quotes for a targeted area and their own personal driving habits, instead of using rate averages.

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

Rate Comparisons

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

• The best full coverage rate is $798
• Choosing higher $1,000 deductibles can save approximately $1,212 each year
• The estimated rate for a 40-year-old good driver who has $500 deductibles is $1,398
• Buying low $100 deductibles for comp and collision coverage will cost $1,764
• Unlucky drivers with multiple tickets or accidents could pay up to $3,046 or more
• An auto insurance policy with full coverage for a teen driver can cost as much as $5,288 each year

View Chart as Image

Car insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your risk profile, and liability limits and deductibles.

Older drivers with no driving violations and high physical damage deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged at least $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy ranges as much as 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 every year, while buying higher liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $423 extra every 12 months. View Rates by Deductible or Liability Limit

Where you choose to live plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or at least $1,890 on average in Florida, New York, and Michigan.

View Chart as Image

With such a large range in prices, the only way to figure out which insurance company is cheapest is to get quotes and see which company has the best price. Each auto insurer utilizes a different rate formula, so rate quotes will be substantially 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

Finding better rates on car insurance takes avoiding accidents and violations, having a good credit score, paying for small claims out-of-pocket, and not having any coverage lapses. Invest the time to shop around once a year by obtaining price quotes from direct insurance companies, and also from your local independent and exclusive agents.

The list below is a condensed summary of the data that was illustrated above.

• It is possible to save approximately $170 per year simply by quoting early and online
• Policyholders who want higher liability limits will pay around $460 annually to raise limits from 30/60 bodily injury limits to higher 250/500 limits
• Teenagers have the highest car insurance prices, with premiums being up to $441 per month if comprehensive and collision insurance is included
• Higher risk drivers with multiple at-fault accidents may pay on average $1,650 more annually for car insurance

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.