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.

Average auto insurance rates for a Toyota Camry are $1,398 annually for full coverage. Comprehensive costs on average $272 each year, collision costs $552, and liability is estimated at $416. A liability-only policy costs approximately $474 a year, with high-risk insurance costing around $3,046. 16-year-old drivers receive the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Rate estimates by individual coverage type:

Full coverage includes $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can have significant affects on car insurance rates. Rural areas tend to have fewer accident claims than congested cities.

The graphic below illustrates how location helps determine car insurance rates.

These examples show why all drivers should get quotes based on a specific location and their own personal driving habits, instead of using rate averages.

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

More Rate Details

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

• The best full coverage rate is $798
• Choosing higher $1,000 deductibles can save around $186 a year
• The estimated rate for a 40-year-old driver with $500 deductibles is $1,398
• Buying low deductibles for comp and collision coverage will cost $1,764
• Unlucky drivers with multiple tickets or accidents could pay upwards of $3,046 or more
• The cost with full coverage for a teen driver may cost $5,288 each year

View Chart as Image

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

More mature drivers with a clean driving record and high physical damage deductibles may pay as little as $1,300 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they can expect to pay upwards of $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying at a minimum $1,700 to $2,300 extra per year, depending on your age. Insurance for high-risk drivers ranges as much as 43% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $560 every year, whereas increasing liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $423 more per year. View Rates by Deductible or Liability Limit

Where you 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 Idaho, Maine, and Iowa, or at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

With so much variability in rates, the only way to know exactly what you will pay is to do a rate comparison and see which company has the best rate. Each auto insurer utilizes a different rate formula, so the rates can be significantly different between companies.

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 Buy More Affordable Toyota Camry Insurance

Saving money on car insurance takes having a decent driving record, having a good credit history, eliminating unneeded coverage, and bundling your home and auto policies. Invest time comparing rates once a year by getting rate quotes from direct carriers like Progressive and GEICO, and also from local insurance agents.

The following items are a summary of the data that was covered in the charts and tables above.

• Drivers can save as much as $170 per year simply by quoting online in advance
• Policyholders who require additional liability coverage will pay around $460 each year to raise limits from a minimum limit to higher 250/500 limits
• 16 to 18-year-old drivers pay the highest rates, costing as high as $441 per month including comprehensive and collision insurance
• Higher risk drivers who have multiple accidents or major violations may be required to pay an average of $1,650 more each year than a driver with a clean driving record

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.