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 insurance rates for a Toyota Camry are $1,398 a year for full coverage. Comprehensive insurance costs an estimated $272 a year, collision insurance costs $552, and liability coverage is estimated at $416. A liability-only policy costs approximately $474 a year, and high-risk insurance costs $3,046 or more. Teens pay the most at up to $5,288 a year.

Average premium for full coverage: $1,398

Premium estimates broken down by type of coverage:

These estimates include $500 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Rates include averaging for all states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a large influence on insurance rates. More rural locations are statistically proven to have lower incidents of accident claims than cities with more traffic congestion. The diagram below illustrates how geographic area affects insurance prices.

These rate differences show why it is important to get quotes for a targeted area, rather than using averaged prices.

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

Additional Rate Analysis

The chart below shows average Toyota Camry insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $798
• Choosing higher $1,000 deductibles can save approximately $1,212 a year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,398
• Selecting low $100 deductibles for comp and collision coverage will cost an additional $366 each year
• Drivers with serious driving violations could pay up to $3,046
• An auto insurance policy that insures a teenage driver can cost as much as $5,288 each year

View Chart as Image

Auto insurance prices for a Toyota Camry also have a wide range based on the trim level of your Camry, how you drive, and liability limits and deductibles.

If you have a few violations or you caused an accident, you could be paying $1,700 to $2,300 in extra premium annually, depending on your age. A high-risk auto insurance policy ranges around 43% to 135% more than the average policy. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles may only pay around $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records will have to pay at least $5,200 a year. View Rates by Age

Where you choose to live 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 Iowa, Maine, and Idaho, or have to pay at least $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $560 a year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $423 extra every year. View Rates by Deductible or Liability Limit

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 Cheap Toyota Camry Insurance

Finding better rates on auto insurance takes being a low-risk driver, maintaining a good credit score, not filing small claims, and consideration of higher deductibles. Compare rates every other policy renewal by getting quotes from direct carriers, and also from your local independent and exclusive agents.

The items below are a brief summary of the ideas that were presented in the illustrations above.

• Teen drivers are the costliest to insure, as much as $441 per month if the policy includes full coverage
• Drivers that tend to have accidents or serious violations may pay on average $1,650 more annually to insure their Camry
• Increasing policy deductibles can save approximately $550 each year
• Drivers can save approximately $170 per year just by quoting early and online

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.