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.

Estimated insurance prices for a Toyota Camry are $1,398 every 12 months including full coverage. Comprehensive costs around $272, collision insurance costs $552, and liability insurance is estimated at $416. Liability-only coverage costs approximately $474 a year, and high-risk coverage costs around $3,046. Teens pay the most at up to $5,288 a year.

Average premium for full coverage: $1,398

Premium estimates for type of coverage:

Estimates include $500 deductible amounts, bodily injury liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all 50 U.S. states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city has a significant impact on the price of insurance. Areas with sparse population are statistically proven to have more infrequent comprehensive and collision claims than cities with more traffic congestion. The price range example below illustrates how your location can change auto insurance rates.

These rate differences highlight why anyone shopping for car insurance should get quotes for a specific zip code and their own driving history, rather than relying on averaged prices.

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

Additional Rate Information

The chart below breaks down average Toyota Camry insurance rates for additional coverage choices and driver risks.

• The cheapest rate after discounts is $798
• Choosing higher $1,000 deductibles can save about $186 every year
• The average price for a 40-year-old good driver using $500 deductibles is $1,398
• Selecting more expensive low deductibles for comp and collision coverage increases the price to $1,764
• High-risk insureds with serious driving violations could pay at least $3,046
• An auto insurance policy to insure a teen driver with full coverage can be $5,288 each year

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the trim level and model year.

Choosing higher comprehensive and collision insurance deductibles can save as much as $560 each year, while increasing your policy's liability limits will increase prices. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $423 more per year. View Rates by Deductible or Liability Limit

An older driver with a clean driving record and higher deductibles could pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers can expect to pay as much as $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying at least $1,700 to $2,300 extra annually, depending on your age. High-risk driver insurance ranges anywhere from 43% to 135% more than the average policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $1,070 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $2,000 on average in Michigan, New York, and Louisiana.

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 Low Cost Toyota Camry Insurance

Finding better rates on Toyota Camry insurance takes having a good driving record, having good credit, refrain from filing small claims, and dropping full coverage on older vehicles. Invest the time to shop around every other policy renewal by requesting rates from direct car insurance companies, and also from insurance agencies where you live.

The next list is a review of the ideas that were illustrated above.

• Drivers age 20 and younger pay higher prices, with the cost nearing $441 per month if they have full coverage
• High-risk drivers who have several accidents or serious violations could be forced to pay on average $1,650 more every year to buy Toyota Camry insurance
• Increasing policy deductibles could save as much as $550 each year
• You may be able to save up to $170 per year just by shopping 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.