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 for full coverage. Comprehensive costs around $272 each year, collision insurance costs $552, and liability coverage is estimated at $416. Liability-only insurance costs approximately $474 a year, and high-risk driver insurance costs around $3,046. 16-year-old drivers pay the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Price estimates for individual coverage:

Price estimates include $500 policy deductibles, liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Estimates are averaged for all states and Camry models.

Price Range from Low to High

Geographic Price Range

Living in a larger city has a large influence on auto insurance rates. Areas with sparse population have lower incidents of accident claims than congested cities. The graphic below illustrates how where you live affects auto insurance rates.

The ranges above show why all drivers should get quotes for a specific zip code, rather than using rate averages.

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

Additional Rate Analysis

The chart below shows average Toyota Camry insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $798
• Choosing higher $1,000 deductibles can save about $186 a year
• The estimated price for the average middle-age driver using $500 deductibles is $1,398
• Buying low deductibles for comp and collision coverage bumps up the cost to $1,764
• Drivers with multiple tickets or accidents could pay at least $3,046
• The price that insures a teenage driver can be $5,288 each year

View Chart as Image

Car insurance prices for a Toyota Camry are also quite variable based on the trim level and model year, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers ranges around 43% to 135% more than the average rate. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $1,300 annually on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged as much as $5,200 a year. View Rates by Age

The state you live in plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $920 a year in states like Idaho, Maine, and Iowa, or at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Opting for high physical damage deductibles can save as much as $560 a year, whereas increasing liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $423 extra every 12 months. 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 Cheaper Toyota Camry Insurance

Getting lower rates on auto insurance takes avoiding accidents and claims, having a positive credit history, eliminating unnecessary coverage, and consideration of higher deductibles. Comparison shop once a year by obtaining price quotes from direct carriers, and also from several local insurance agents.

The points below are a condensed summary of the data that was touched on in the above illustrations.

• Drivers can save up to $170 per year just by quoting online in advance
• Consumers who may need increased liability limits will pay around $460 each year to raise limits from a low limit to the 250/500 level
• Drivers under the age of 20 are the costliest to insure, with premiums as much as $441 a month if full coverage is purchased
• Drivers with multiple at-fault accidents pay on average $1,650 more every year to insure a Toyota 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.