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 including full coverage. Comprehensive insurance costs an estimated $272, collision costs $552, and liability insurance costs $416. Buying just liability costs as little as $474 a year, with insurance for high-risk drivers costing $3,046 or more. Teens receive the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Rate estimates broken down by individual coverage type:

Prices include $500 policy deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and for all Camry models.

Price Range by Coverage and Risk

Price Range by Location

Your location has a significant impact on the price of auto insurance. More rural locations tend to have fewer comprehensive and collision claims than cities with more traffic congestion.

The example below illustrates the difference between rural and urban areas on insurance prices.

These examples highlight why everyone should compare rates for a targeted area and their own personal driving habits, rather than relying on averaged prices.

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

Rates by State, City, and Model

The chart below breaks down estimated Toyota Camry insurance rates for other coverage scenarios.

• The cheapest rate after discounts is $798
• Drivers who choose higher $1,000 deductibles will pay approximately $186 every year
• The estimated rate for a 40-year-old driver who has $500 deductibles is $1,398
• Selecting pricier low deductibles for comprehensive and collision insurance costs an additional $366 a year
• High risk drivers with serious driving violations could pay up to $3,046 or more
• The cost with full coverage for a teen driver for full coverage can cost as much as $5,288 a year

View Chart as Image

Auto insurance rates for a Toyota Camry can also vary considerably based on the trim level of your Camry, your driving characteristics, and liability limits and deductibles.

A more mature driver with a good driving record and high physical damage deductibles could pay as little as $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they will have to pay at least $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying $1,700 to $2,300 in extra premium per year, depending on your age. Toyota Camry insurance for high-risk drivers can cost anywhere from 43% to 135% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles could save up to $560 each year, whereas buying more liability protection will increase premiums. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $423 extra every year. View Rates by Deductible or Liability Limit

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 have to pay at least $2,000 on average in Louisiana, New York, and Michigan.

View Chart as Image

With so much variability in rates, the best way to figure out which company is cheapest is to regularly compare rates from as many companies as possible. Every company calculates rates differently, and quoted 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 the Right Toyota Camry Insurance

Saving money on Toyota Camry insurance not only requires avoiding accidents and claims, but also having above-average credit, not filing small claims, and qualifying for all possible discounts. Set aside time to compare rates at every other renewal by getting rate quotes from direct car insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

The points below are a quick rundown of the concepts that were covered above.

• High-risk drivers with reckless driving or DUI convictions could be forced to pay on average $1,650 more annually to insure a Toyota Camry
• Drivers under the age of 20 are the costliest to insure, as much as $441 per month if full coverage is included
• You may be able to save approximately $170 per year simply by quoting online well ahead of the renewal date
• Increasing deductibles could save up to $550 each year
• You may be able to save approximately $170 per year simply by quoting online well ahead of the renewal date

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.