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 prices for a Toyota Camry are $1,398 every 12 months for full coverage insurance. Comprehensive costs approximately $272 a year, collision insurance costs $552, and liability is estimated at $416. A liability-only policy costs approximately $474 a year, and high-risk insurance costs around $3,046. Teens pay the most at up to $5,288 a year.

Average premium for full coverage: $1,398

Premium estimates by type of coverage:

Rates are based on $500 deductible amounts, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates include averaging for all 50 states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on the price of auto insurance. Rural locations are statistically proven to have more infrequent physical damage claims than cities with more traffic congestion. The diagram below illustrates how location helps determine auto insurance prices.

These rate differences illustrate why it is important to get quotes using their specific location and their own driving history, instead of using averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $798
• Choosing higher $1,000 deductibles can save $1,212 each year
• The average price for a 40-year-old good driver who chooses $500 deductibles is $1,398
• Selecting low $100 deductibles for comp and collision coverage increases the price to $1,764
• Unlucky drivers with serious driving violations could pay around $3,046
• An auto insurance policy to insure a teen driver can cost $5,288 each year

View Chart as Image

Auto insurance prices for a Toyota Camry also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the model of your Camry.

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

Older drivers with a good driving record and higher deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers will have to pay in the ballpark of $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying anywhere from $1,700 to $2,300 in extra premium annually, depending on your age. A high-risk auto insurance policy ranges as much as 43% to 135% more than the average policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $1,890 on average in Florida, New York, and Michigan.

View Chart as Image

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 Shop for the Best Cheap Toyota Camry Insurance

Finding better rates on car insurance takes having a good driving record, having a good credit score, paying for small claims out-of-pocket, and possibly higher deductibles. Invest time comparing rates at least once a year by obtaining price quotes from direct insurance companies, and also from local insurance agencies.

The next list is a quick review of the primary concepts that were covered in the charts and tables above.

• It is possible to save around $170 per year just by quoting early and online
• Higher risk drivers with a DUI or reckless driving violation may have to pay on average $1,650 more per year to buy Toyota Camry insurance
• Increasing policy deductibles could save as much as $550 each year
• Drivers age 20 and younger have the highest car insurance prices, with premiums being up to $441 per month if comprehensive and collision insurance 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.

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.