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 prices for a Toyota Camry are $1,398 every 12 months with full coverage. Comprehensive insurance costs on average $272 each year, collision insurance costs $552, and liability insurance is $416. Buying just liability costs around $474 a year, and insurance for high-risk drivers costs $3,046 or more. Teens pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates by individual coverage:

Prices are based on $500 deductibles, 30/60 bodily injury liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and Camry models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on auto insurance rates. Rural areas have more infrequent collision claims than cities with more traffic congestion. The graphic below illustrates how your location can change car insurance rates.

The ranges above demonstrate why all drivers should compare rates quotes based on a specific location and their own driving history, rather than relying on averaged prices.

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

Additional Charts and Tables

The chart below details average Toyota Camry insurance rates for different risk profiles and scenarios.

• The cheapest rate after discounts is $798
• Raising to $1,000 deductibles will save around $186 annually
• The average price for the average middle-age driver with $500 deductibles is $1,398
• Selecting low deductibles costs an extra $366 a year
• Higher-risk drivers with serious driving violations could pay upwards of $3,046
• The price to insure a teen driver may cost $5,288

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on deductibles and policy limits, your driving record, and the trim level of your Camry.

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $560 each year, whereas increasing liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $423 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles could pay as little as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you may be forking out at a minimum $1,700 to $2,300 additional each year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 43% to 135% more than the average policy. View High Risk Driver Rates

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 $1,010 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,890 on average in Florida, Michigan, and New York.

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 Shop for Affordable Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance consists of not taking risks behind the wheel, having above-average credit, avoid buying unnecessary coverage, and dropping full coverage on older vehicles. Invest the time to shop around at every other renewal by quoting rates from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The following is a brief review of the concepts that were illustrated above.

• High-risk drivers with DUI or reckless driving convictions may pay on average $1,650 more each year for Camry insurance
• Teens pay higher prices, costing up to $441 a month if full coverage is included
• You may be able to save as much as $170 per year just by quoting online in advance
• Increasing physical damage deductibles could save as much as $550 each year
• You may be able to save as much as $170 per year just by quoting online in advance

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.