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 $1,398 a year with full coverage. Comprehensive insurance costs approximately $272 a year, collision insurance costs $552, and liability insurance is $416. Liability-only coverage costs around $474 a year, and high-risk coverage costs $3,046 or more. Teen drivers pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates by individual coverage:

Full coverage includes $500 physical damage insurance deductibles, liability limits of 30/60, and includes uninsured/under-insured motorist coverage. Estimates are averaged for all U.S. states and Camry trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a significant impact on the price of insurance. Rural locations have lower incidents of collision claims than larger metro areas. The diagram below illustrates how location helps determine auto insurance prices.

The ranges above demonstrate why it is important to compare rates quotes using their specific location, rather than relying on price averages.

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

More Rate Information

The chart below details average Toyota Camry insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $798
• Raising to $1,000 deductibles will save $1,212 annually
• The estimated price for the average middle-age driver who chooses $500 deductibles is $1,398
• Choosing low $100 deductibles will cost an additional $366 a year
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $3,046
• The price that insures a teen driver can cost $5,288

View Chart as Image

Auto insurance prices for a Toyota Camry are also quite variable based on the trim level of your Camry, your age and driving habits, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you may be forking out anywhere from $1,700 to $2,300 in extra premium each year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 135% more than average. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,300 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay in the ballpark of $5,200 a year. View Rates by Age

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 Utah, Ohio, and New Hampshire, or as much as $1,890 on average in New York, Michigan, and Florida.

View Chart as Image

Choosing high deductibles can reduce prices by up to $560 each year, while buying higher liability limits will push prices upward. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $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 More Affordable Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance consists of being a low-risk driver, maintaining a good credit score, avoid buying unnecessary coverage, and possibly higher deductibles. Shop around once a year by obtaining price quotes from direct companies, and also from local insurance agencies.

The items below are a summary of the data that was covered in the charts and tables above.

• You may be able to save around $170 per year just by quoting early and online
• Drivers who purchase more liability coverage will pay about $460 every year to raise from a low limit to the 250/500 level
• Teen drivers have the highest car insurance prices, costing up to $441 a month if the policy includes full coverage
• High-risk drivers who have multiple accidents or major violations may have to pay on average $1,650 more per year to insure their Camry

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.