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 auto insurance rates for a Toyota Camry are $1,404 annually for full coverage. Comprehensive costs on average $282 each year, collision insurance costs $566, and liability insurance costs $398. Liability-only insurance costs as little as $460 a year, and high-risk driver insurance costs around $3,054. Teenage drivers pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates by individual coverage:

Price estimates include $500 policy deductibles, 30/60 split liability limits, 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

Your location has a significant impact on car insurance rates. Rural areas have fewer accident claims than densely populated cities. The graphic below illustrates the difference between rural and urban areas on car insurance rates.

The ranges above show why all drivers should compare rates based on a specific location and their own personal driving habits, rather than relying on average rates.

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

Additional Rate Analysis

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

• The best discount rate is $801
• Drivers who choose higher $1,000 deductibles will pay around $192 a year
• The estimated rate for the average middle-age driver with $500 deductibles is $1,404
• Using low deductibles for comprehensive and collision insurance will cost $1,780
• High risk drivers who are prone to accidents and violations could pay upwards of $3,054
• The price with full coverage for a teen driver may cost $5,272 a year

View Chart as Image

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

More mature drivers with no driving violations and high physical damage deductibles could pay as little as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, where even without any violations or accidents they will be charged upwards of $5,200 a year. View Rates by Age

If you have some driving violations or you caused a few accidents, you could be paying at a minimum $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers can cost anywhere from 44% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $570 each year, whereas increasing liability limits will cost you more. Going from a 50/100 bodily injury limit to a 250/500 limit will increase prices by as much as $405 extra every 12 months. View Rates by Deductible or Liability Limit

The state you live in makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $930 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,000 on average in Michigan, Louisiana, and New York.

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 Cheaper Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance not only requires being a good driver, but also having a good credit score, eliminating unnecessary coverage, and possibly raising deductibles. Set aside time to compare rates at least every other year by getting quotes from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The following list is a condensed summary of the car insurance concepts covered above.

• High-risk drivers with multiple at-fault accidents may be required to pay an average of $1,650 more each year than a safer driver
• Drivers can save as much as $170 per year just by quoting online in advance
• Increasing physical damage deductibles could save up to $575 each year
• Drivers who require an increased level of liability coverage will pay an extra $440 each year to go from a low limit to higher 250/500 limits

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.