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Toyota Camry Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Nov 12, 2021

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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.

Average insurance rates for a Toyota Camry are $1,404 a year for full coverage. Comprehensive costs on average $282 a year, collision costs $566, and liability coverage is estimated at $398. Buying just liability costs approximately $460 a year, with insurance for high-risk drivers costing around $3,054. Teens receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates by individual coverage type:

Comprehensive $282
Collision $566
Liability $398

Rate estimates include $500 policy deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Rates are averaged for all states and Camry trim levels.

Price Range by Coverage and Risk

For an average driver, prices range go from as low as $460 for just the minimum liability insurance to a high of $3,054 for a driver required to buy high-risk insurance.

Liability Only $460
Full Coverage $1,404
High Risk $3,054

Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural areas tend to have a lower frequency of accident claims than cities with more traffic congestion.

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

Rural Areas $1,053
Small Cities $1,474
Large Cities $1,895

These examples show why it is important to get quotes based on a specific location and risk profile, rather than using averaged prices.

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 Analysis

The chart below shows estimated Toyota Camry insurance rates for different risk profiles and scenarios.

  • The cheapest rate after discounts is $801
  • Choosing higher $1,000 deductibles can save around $1,212 a year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,404
  • Selecting low $100 deductibles for comp and collision coverage will increase the cost to $1,780
  • Drivers with serious driving violations could pay upwards of $3,054 or more
  • The cost for full coverage for a teenage driver may cost $5,272 each year

View Chart as Image

Toyota Camry insurance cost comparison chart
Column chart showing full coverage Toyota Camry insurance rates range from $801 to $5,272

Auto insurance rates for a Toyota Camry can also vary considerably based on your driver profile, the trim level of your Camry, and policy deductibles and limits.

Older drivers with a good driving record and high deductibles may only pay around $1,300 annually on average for full coverage. Rates are much higher for teen drivers, where even good drivers will have to pay upwards of $5,200 a year. View Rates by Age

Where you live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $930 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,000 on average in Michigan, Louisiana, and New York.

Toyota Camry Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,270 -$134 -9.5%
Alaska $1,078 -$326 -23.2%
Arizona $1,166 -$238 -17.0%
Arkansas $1,404 -$0 0.0%
California $1,602 $198 14.1%
Colorado $1,340 -$64 -4.6%
Connecticut $1,446 $42 3.0%
Delaware $1,588 $184 13.1%
Florida $1,758 $354 25.2%
Georgia $1,298 -$106 -7.5%
Hawaii $1,008 -$396 -28.2%
Idaho $950 -$454 -32.3%
Illinois $1,048 -$356 -25.4%
Indiana $1,058 -$346 -24.6%
Iowa $948 -$456 -32.5%
Kansas $1,336 -$68 -4.8%
Kentucky $1,916 $512 36.5%
Louisiana $2,078 $674 48.0%
Maine $868 -$536 -38.2%
Maryland $1,158 -$246 -17.5%
Massachusetts $1,124 -$280 -19.9%
Michigan $2,442 $1,038 73.9%
Minnesota $1,176 -$228 -16.2%
Mississippi $1,684 $280 19.9%
Missouri $1,246 -$158 -11.3%
Montana $1,508 $104 7.4%
Nebraska $1,108 -$296 -21.1%
Nevada $1,686 $282 20.1%
New Hampshire $1,012 -$392 -27.9%
New Jersey $1,570 $166 11.8%
New Mexico $1,246 -$158 -11.3%
New York $1,480 $76 5.4%
North Carolina $810 -$594 -42.3%
North Dakota $1,150 -$254 -18.1%
Ohio $970 -$434 -30.9%
Oklahoma $1,444 $40 2.8%
Oregon $1,286 -$118 -8.4%
Pennsylvania $1,340 -$64 -4.6%
Rhode Island $1,876 $472 33.6%
South Carolina $1,274 -$130 -9.3%
South Dakota $1,186 -$218 -15.5%
Tennessee $1,230 -$174 -12.4%
Texas $1,694 $290 20.7%
Utah $1,040 -$364 -25.9%
Vermont $962 -$442 -31.5%
Virginia $840 -$564 -40.2%
Washington $1,088 -$316 -22.5%
West Virginia $1,288 -$116 -8.3%
Wisconsin $972 -$432 -30.8%
Wyoming $1,250 -$154 -11.0%

View Chart as Image

Toyota Camry insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles can save as much as $570 a year, while buying higher liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost as much as $405 extra every year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you could be paying at a minimum $1,700 to $2,300 in extra premium per year, depending on your age. A high-risk auto insurance policy ranges around 44% to 135% more than the average policy. View High Risk Driver Rates

With so much variability in rates, the only way to know exactly what you will pay is to get quotes and see how they stack up. Each auto insurer calculates rates differently, and quoted rates can be significantly different from one company to the next.

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 $1,318 $110
Toyota Camry SE $1,362 $114
Toyota Camry XLE $1,404 $117
Toyota Camry Hybrid $1,520 $127

Rates assume 2020 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 $282 $566 $398 $1,404
2019 Toyota Camry $272 $552 $416 $1,398
2018 Toyota Camry $262 $530 $430 $1,380
2017 Toyota Camry $248 $512 $442 $1,360
2016 Toyota Camry $238 $474 $452 $1,322
2015 Toyota Camry $230 $446 $456 $1,290
2014 Toyota Camry $220 $400 $460 $1,238
2013 Toyota Camry $206 $368 $460 $1,192
2012 Toyota Camry $198 $346 $464 $1,166
2011 Toyota Camry $194 $322 $474 $1,148
2010 Toyota Camry $180 $300 $474 $1,112
2009 Toyota Camry $174 $272 $478 $1,082
2008 Toyota Camry $162 $248 $474 $1,042
2007 Toyota Camry $152 $226 $474 $1,010
2006 Toyota Camry $148 $202 $468 $976
2005 Toyota Camry $146 $198 $460 $962
2004 Toyota Camry $144 $188 $452 $942
2003 Toyota Camry $132 $180 $446 $916
2002 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 Best Toyota Camry Insurance

Saving money on auto insurance takes being a good driver, having good credit, eliminating unneeded coverage, and taking advantage of discounts. Take the time to compare rates at every policy renewal by quoting rates from direct carriers like GEICO and Progressive, and also from your local insurance agents.

The following list is a brief recap of the data covered in the above illustrations.

  • Consumers who require an increased level of liability coverage will pay approximately $440 each year to raise limits from a minimum limit to 250/500 limits
  • Drivers can save as much as $170 per year simply by quoting early and online
  • Increasing deductibles can save around $575 each year
  • Drivers age 16 to 20 are charged the highest rates, costing as high as $439 per month if they have full coverage

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 $5,272
20 $3,272
30 $1,468
40 $1,404
50 $1,286
60 $1,262

Full coverage, $500 deductibles

Rates by Deductible

Toyota Camry Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,780
$250 $1,604
$500 $1,404
$1,000 $1,212

Full coverage, driver age 40

Rates by Liability Limit

Toyota Camry Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,404
50/100 $1,610
100/300 $1,723
250/500 $2,015
100 CSL $1,655
300 CSL $1,903
500 CSL $2,083

Full coverage, driver age 40

Rates for High Risk Drivers

Toyota Camry Insurance Rates for High Risk Drivers
Age Premium
16 $7,528
20 $5,206
30 $3,124
40 $3,054
50 $2,918
60 $2,894

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 $199

Potential Rate Discounts

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

Discount Savings
Multi-policy $75
Multi-vehicle $74
Homeowner $20
5-yr Accident Free $106
5-yr Claim Free $91
Paid in Full/EFT $66
Advance Quote $71
Online Quote $100
Total Discounts $603
Rate after discounts $801

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

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