Toyota Camry Insurance Rates

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Luke Williams

Insurance and Finance Writer

Luke Williams is a finance, insurance, real estate, and home improvement expert based in Philadelphia, Pennsylvania, specializing in writing and researching for consumers. He studied finance, economics, and communications at Pennsylvania State University and graduated with a degree in Corporate Communications.  His insurance and finance writing has been featured on Spoxor, The Good Men Proje...

Insurance and Finance Writer

UPDATED: Jun 5, 2023

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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.

The average insurance rates for a Toyota Camry are $1,192 a year for full coverage insurance. Comprehensive insurance costs around $206 a year, collision costs $368, and liability costs around $460. Buying just liability costs as low as $510 a year, with insurance for high-risk drivers costing $2,588 or more. 16-year-old drivers cost the most to insure at $4,674 a year or more.

Average premium for full coverage: $1,192

Policy rates for type of insurance:

Comprehensive $206
Collision $368
Liability $460

Includes $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and Camry trim levels.

Price Range Variability

For an average driver, Toyota Camry insurance rates go from the low end price of $510 for the bare minimum liability coverage to a high of $2,588 for coverage for higher-risk drivers.

Liability Only $510
Full Coverage $1,192
High Risk $2,588

Urban vs. Rural Price Range

Where you live can have significant affects on car insurance rates. Areas with sparse population are shown to have lower incidents of physical damage claims than congested cities.

The diagram below illustrates the effect of geographic area on auto insurance rates.

Rural Areas $894
Small Cities $1,252
Large Cities $1,609

The examples above illustrate why it is important to compare prices for a specific zip code, instead of using rate averages.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Additional Rate Information

The chart below illustrates estimated Toyota Camry insurance rates for additional coverage choices and driver risks.

  • The best full coverage rate is $697
  • Using higher $1,000 deductibles will save about $1,062 each year
  • The estimated price for a good driver age 40 using $500 deductibles is $1,192
  • Buying low $100 deductibles for physical damage coverage will cost an additional $254 every year
  • Drivers with multiple tickets or accidents could pay at least $2,588 or more
  • Policy cost that insures a teen driver can be $4,674 or more

View Chart as Image

Toyota Camry insurance cost comparison chart
Column chart showing full coverage Toyota Camry insurance prices range from $697 to $4,674

Insurance rates for a Toyota Camry also range considerably based on the trim level of your Camry, your age and driving record, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you are probably paying at least $1,400 to $2,000 extra every year, depending on your age. A high-risk auto insurance policy can be as much as 43% to 131% more than the average rate. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $1,100 a year, or $92 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay as much as $4,600 a year. View Rates by Age

Your home state has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $780 a year in states like Vermont, Wisconsin, and North Carolina, or at least $1,610 on average in Michigan, New York, and Florida.

Toyota Camry Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,078 -$114 -9.6%
Alaska $914 -$278 -23.3%
Arizona $990 -$202 -16.9%
Arkansas $1,192 -$0 0.0%
California $1,358 $166 13.9%
Colorado $1,140 -$52 -4.4%
Connecticut $1,224 $32 2.7%
Delaware $1,348 $156 13.1%
Florida $1,490 $298 25.0%
Georgia $1,100 -$92 -7.7%
Hawaii $856 -$336 -28.2%
Idaho $808 -$384 -32.2%
Illinois $886 -$306 -25.7%
Indiana $896 -$296 -24.8%
Iowa $802 -$390 -32.7%
Kansas $1,132 -$60 -5.0%
Kentucky $1,626 $434 36.4%
Louisiana $1,764 $572 48.0%
Maine $736 -$456 -38.3%
Maryland $984 -$208 -17.4%
Massachusetts $954 -$238 -20.0%
Michigan $2,070 $878 73.7%
Minnesota $998 -$194 -16.3%
Mississippi $1,428 $236 19.8%
Missouri $1,056 -$136 -11.4%
Montana $1,280 $88 7.4%
Nebraska $940 -$252 -21.1%
Nevada $1,430 $238 20.0%
New Hampshire $860 -$332 -27.9%
New Jersey $1,334 $142 11.9%
New Mexico $1,056 -$136 -11.4%
New York $1,256 $64 5.4%
North Carolina $686 -$506 -42.4%
North Dakota $976 -$216 -18.1%
Ohio $824 -$368 -30.9%
Oklahoma $1,224 $32 2.7%
Oregon $1,092 -$100 -8.4%
Pennsylvania $1,138 -$54 -4.5%
Rhode Island $1,592 $400 33.6%
South Carolina $1,080 -$112 -9.4%
South Dakota $1,006 -$186 -15.6%
Tennessee $1,044 -$148 -12.4%
Texas $1,438 $246 20.6%
Utah $882 -$310 -26.0%
Vermont $816 -$376 -31.5%
Virginia $714 -$478 -40.1%
Washington $922 -$270 -22.7%
West Virginia $1,092 -$100 -8.4%
Wisconsin $824 -$368 -30.9%
Wyoming $1,062 -$130 -10.9%

View Chart as Image

Toyota Camry insurance rates by U.S. city

Opting for high physical damage deductibles could cut rates by as much as $390 every year, while buying higher liability limits will increase rates. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $468 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out your exact price is to get quotes and see which company has the best rate. Each insurance company utilizes a different rate formula, so the rates will be varied.

Insurance Rates by Trim Level and Model Year

Toyota Camry Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
Toyota Camry LE $1,136 $95
Toyota Camry SE $1,164 $97
Toyota Camry XLE $1,192 $99
Toyota Camry Hybrid $1,302 $109

Rates assume 2015 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.

Toyota Camry Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2020 Toyota Camry $262 $530 $430 $1,380
2019 Toyota Camry $248 $512 $442 $1,360
2018 Toyota Camry $238 $474 $452 $1,322
2017 Toyota Camry $230 $446 $456 $1,290
2016 Toyota Camry $220 $400 $460 $1,238
2015 Toyota Camry $206 $368 $460 $1,192
2014 Toyota Camry $198 $346 $464 $1,166
2013 Toyota Camry $194 $322 $474 $1,148
2012 Toyota Camry $180 $300 $474 $1,112
2011 Toyota Camry $174 $272 $478 $1,082
2010 Toyota Camry $162 $248 $474 $1,042
2009 Toyota Camry $152 $226 $474 $1,010
2008 Toyota Camry $148 $202 $468 $976
2007 Toyota Camry $146 $198 $460 $962
2006 Toyota Camry $144 $188 $452 $942
2005 Toyota Camry $132 $180 $446 $916
2004 Toyota Camry $126 $170 $442 $896

Rates are averaged for all Toyota Camry models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Cheapest Toyota Camry Insurance

Finding cheaper rates on car insurance requires avoiding accidents and violations, having above-average credit, being claim-free, and insuring your home and auto with the same company. Comparison shop at least once a year by getting rate quotes from direct insurance companies, and also from insurance agencies where you live.

The list below is a recap of the primary concepts that were covered in the above illustrations.

  • It is possible to save up to $140 per year simply by quoting early and online
  • Higher risk drivers that have major violations or accidents could be forced to pay on average $1,400 more every year for car insurance
  • Increasing comprehensive and collision deductibles can save approximately $375 each year
  • Teenagers pay higher rates, possibly costing $390 each month if full coverage is included

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.

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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:

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.

Rates by Driver Age

Toyota Camry Insurance Rates by Driver Age
Driver Age Premium
16 $4,674
20 $2,762
30 $1,226
40 $1,192
50 $1,092
60 $1,070

Full coverage, $500 deductibles

Rates by Deductible

Toyota Camry Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,446
$250 $1,326
$500 $1,192
$1,000 $1,062

Full coverage, driver age 40

Rates by Liability Limit

Toyota Camry Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,192
50/100 $1,406
100/300 $1,536
250/500 $1,874
100 CSL $1,458
300 CSL $1,744
500 CSL $1,952

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Camry Insurance Rates for High Risk Drivers
Age Premium
16 $6,626
20 $4,404
30 $2,626
40 $2,588
50 $2,476
60 $2,454

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $166

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $62
Multi-vehicle $65
Homeowner $20
5-yr Accident Free $82
5-yr Claim Free $77
Paid in Full/EFT $49
Advance Quote $57
Online Quote $83
Total Discounts $495
Rate after discounts $697

Discounts are estimated and may not be available from every company or in every state.

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