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 for full coverage insurance. Comprehensive insurance costs approximately $272, collision costs $552, and liability costs around $416. A policy with just liability insurance costs as low as $474 a year, with coverage for high-risk drivers costing $3,046 or more. Teenage drivers receive the highest rates at $5,288 a year or more.

Average premium for full coverage: $1,398

Rate estimates by individual coverage type:

Prices are based on $500 physical damage deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 states and for all Camry models.

Price Range by Coverage and Risk

Price Range by Location

Where you live can make a big difference on the price of auto insurance. Rural locations tend to have fewer physical damage claims than densely populated cities.

The example below illustrates how your location can change auto insurance prices.

These examples illustrate why everyone should compare prices using their specific location and their own personal driving habits, instead of making a decision based on average rates.

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

Additional Charts and Tables

The chart below illustrates estimated Toyota Camry insurance rates for additional coverage and risk scenarios.

• The best discount rate is $798
• Using higher $1,000 deductibles will save $186 each year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,398
• Using pricier low deductibles for physical damage coverage costs an additional $366 annually
• High-risk insureds who are prone to accidents and violations could pay around $3,046 or more
• The cost with full coverage for a 16-year-old driver for full coverage can cost $5,288 or more

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on the trim level of your Camry, your risk profile, and physical damage deductibles and liability limits.

A more mature driver with no violations or accidents and high physical damage deductibles may pay as low as $1,300 a year for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they 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 caused a few accidents, you are probably paying anywhere from $1,700 to $2,300 additional per year, depending on your age. Toyota Camry insurance for high-risk drivers can be from 43% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut rates by as much as $560 annually, whereas buying more liability protection will push rates upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $423 more each year. View Rates by Deductible or Liability Limit

Where you live has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,890 on average in Florida, New York, and Michigan.

View Chart as Image

With so much variability in rates, the only way to figure out who has the best car insurance rates is to regularly compare rates from multiple companies. Each insurance company uses a different method to calculate rates, and 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 Affordable Toyota Camry Insurance

Saving money on insurance for a Toyota Camry requires being a safe and courteous driver, having good credit, avoid buying unnecessary coverage, and qualifying for all possible discounts. Invest the time to shop around once a year by getting rate quotes from direct insurance companies like Progressive and GEICO, and also from insurance agencies where you live.

Below is a brief review of the data that was illustrated above.

• It is possible to save around $170 per year simply by quoting online well ahead of the renewal date
• Insureds who purchase higher levels of liability will pay an extra $460 annually to increase from a minimum limit to higher 250/500 limits
• Teenage drivers are the costliest to insure, costing up to $441 per month if they have full coverage
• Drivers considered higher risk with DUI or reckless driving convictions could be forced to pay on average $1,650 more per year for auto insurance

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.