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 auto insurance rates for a Toyota Camry are $1,398 annually including full coverage. Comprehensive insurance costs approximately $272 a year, collision insurance costs $552, and liability costs $416. Liability-only insurance costs as little as $474 a year, and high-risk driver insurance costs $3,046 or more. Teen drivers cost the most to insure at up to $5,288 a year.

Average premium for full coverage: $1,398

Policy rates by type of insurance:

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

Price Range Variability

Urban vs. Rural Price Range

Your location can make a big difference on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than larger metro areas. The diagram below illustrates how geographic area affects auto insurance prices.

The examples above highlight why it is important to compare rates using their specific location and their own personal driving habits, instead of making a decision based on price averages.

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

More Rate Details

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

• The lowest rate with discounts is $798
• Drivers who choose higher $1,000 deductibles will pay $1,212 every year
• The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,398
• Choosing low $100 deductibles for comprehensive and collision insurance costs an additional $366 annually
• Drivers with multiple violations and an at-fault accident could pay around $3,046
• Policy cost with full coverage for a 16-year-old driver can cost $5,288 a year

View Chart as Image

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

Older drivers with a good driving record and high physical damage deductibles may pay as low as $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will have to pay in the ballpark of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $1,700 to $2,300 in extra premium every year, depending on your age. A high-risk auto insurance policy can cost from 43% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles could save up to $560 annually, while buying higher liability limits will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $423 extra every year. View Rates by Deductible or Liability Limit

Your home state makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,000 on average in Louisiana, 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 Buy the Right Toyota Camry Insurance

Finding cheaper rates on insurance for a Toyota Camry not only requires avoiding accidents and violations, but also having above-average credit, paying for small claims out-of-pocket, and possibly higher deductibles. Invest the time to compare rates every other policy renewal by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The list below is a quick rundown of the ideas that were presented in the illustrations above.

• Teenagers have the highest car insurance rates, with premiums being up to $441 each month if full coverage is included
• Drivers considered higher risk with reckless driving or DUI convictions may have to pay on average $1,650 more per year for car insurance
• Increasing comprehensive and collision deductibles could save up to $550 each year
• You may be able to save around $170 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.