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 insurance prices for a Toyota Camry are $1,398 every 12 months including full coverage. Comprehensive insurance costs approximately $272 each year, collision insurance costs $552, and liability coverage costs $416. A policy with just liability insurance costs as little as $474 a year, and coverage for high-risk drivers costs $3,046 or more. Teenage drivers receive the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Rate estimates by individual coverage type:

Price estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Your location has a large influence on car insurance prices. Rural locations tend to have more infrequent comprehensive and collision claims than densely populated cities. The graphic below illustrates the difference location can make on auto insurance prices.

These examples highlight why all drivers should compare rates using their specific location and their own driving history, rather than using average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $798
• Drivers who choose higher $1,000 deductibles will pay $186 every year
• The average price for a 40-year-old driver who chooses $500 deductibles is $1,398
• Using low deductibles for comprehensive and collision insurance costs an extra $366 each year
• High-risk insureds who are prone to accidents and violations could pay around $3,046
• The cost to insure a teenage driver can cost $5,288 a year

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on policy deductibles and limits, your driving characteristics, and the model of your Camry.

Using high physical damage deductibles could save up to $560 a year, whereas increasing liability limits will push rates upward. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $423 more each year. View Rates by Deductible or Liability Limit

More mature drivers with no violations or accidents and higher deductibles may only pay around $1,300 per year on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers should be prepared to pay in the ballpark of $5,200 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you are likely paying anywhere from $1,700 to $2,300 additional per year, depending on your age. Insurance for high-risk drivers can cost around 43% to 135% more than a normal policy. View High Risk Driver Rates

Where you live makes a big difference in Toyota Camry insurance rates. A 40-year-old driver could pay as low as $1,070 a year in states like Vermont, New Hampshire, and Missouri, or be forced to pay 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 Shop for Cheaper Toyota Camry Insurance

Saving money on auto insurance not only requires being a good driver, but also having above-average credit, not filing small claims, and consideration of higher deductibles. Make time to compare rates every other policy renewal by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local car insurance providers.

The following list is a condensed summary of the ideas that were touched on in this article.

• Drivers age 16 to 20 are the costliest to insure, as much as $441 per month if full coverage is included
• Drivers with multiple at-fault accidents could be charged and average of $1,650 more per year than a safer driver
• Increasing deductibles could save as much as $550 each year
• You may be able to save around $170 per year just by quoting online in advance

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.