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.

The average insurance prices for a Toyota Camry are $1,192 every 12 months including full coverage. Comprehensive costs on average $206 a year, collision insurance costs $368, and liability insurance is $460. Liability-only insurance costs around $510 a year, and high-risk driver insurance costs around $2,588. 16-year-old drivers cost the most to insure at up to $4,674 a year.

Average premium for full coverage: $1,192

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas are shown to have more infrequent comprehensive and collision claims than congested cities. The diagram below illustrates how location impacts car insurance rates.

The examples above highlight why it is important to compare rates quotes based on a specific location and their own driving history, rather than relying on rate averages.

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

Additional Charts and Tables

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

• The best full coverage rate is $697
• Raising to $1,000 deductibles will save around $1,062 every year
• The average price for a good driver age 40 with $500 deductibles is $1,192
• Buying low $100 deductibles increases the price to $1,446
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $2,588
• Policy cost to insure a teen driver may cost $4,674

View Chart as Image

Auto insurance rates for a Toyota Camry also range considerably based on liability limits and deductibles, your driving characteristics, and the trim level of your Camry.

Opting for high physical damage deductibles can reduce rates by up to $390 each year, while buying higher liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $468 extra every year. View Rates by Deductible or Liability Limit

Older drivers with a good driving record and higher deductibles could pay as little as $1,100 every 12 months on average, or $92 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will have to pay upwards of $4,600 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are likely paying at a minimum $1,400 to $2,000 in extra premium every year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 131% more than the average rate. View High Risk Driver Rates

Your home state also has a big influence on Toyota Camry insurance rates. A middle-age driver might find rates as low as $920 a year in states like Missouri, New Hampshire, and Vermont, or at least $1,700 on average in Michigan, New York, and Louisiana.

View Chart as Image

Insurance Rates by Trim Level and Model Year

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.

How to Shop for the Cheapest Toyota Camry Insurance

Finding cheaper rates on Toyota Camry insurance consists of having a decent driving record, having a good credit score, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Spend time shopping around every other policy renewal by quoting rates from direct car insurance companies, and also from your local independent and exclusive agents.

The following items are a recap of the ideas that were touched on above.

• 16 to 18-year-old drivers are charged the highest rates, with premiums being up to $390 each month if comprehensive and collision insurance is included
• High-risk drivers that have major violations or accidents may pay on average $1,400 more each year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles could save as much as $375 each year
• You may be able to save as much as $140 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.