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 $1,404 every 12 months with full coverage. Comprehensive costs on average $282 each year, collision costs $566, and liability insurance is $398. Liability-only coverage costs around $460 a year, with high-risk coverage costing around $3,054. Teen drivers receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates by individual coverage type:

Price estimates include $500 policy deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates are averaged for all U.S. states and Camry models.

Price Range by Coverage and Risk

Price Range by Location

Choosing to live in a large city has a significant impact on auto insurance rates. Rural areas tend to have more infrequent collision claims than larger metro areas.

The graphic below illustrates the difference between rural and urban areas on car insurance rates.

These examples demonstrate why all drivers should compare rates quotes based on a specific location and their own driving history, rather than relying on price averages.

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

Additional Rate Details

The chart below details estimated Toyota Camry insurance rates for different risk profiles and scenarios.

• The lowest rate with discounts is $801
• Raising to $1,000 deductibles will save around $192 annually
• The average price for a 40-year-old driver with $500 deductibles is $1,404
• Choosing low deductibles increases the price to $1,780
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $3,054 or more
• The cost to insure a teen driver may cost $5,272

View Chart as Image

Car insurance rates for a Toyota Camry can also vary considerably based on policy deductibles and limits, your driving record, and the trim level of your Camry.

Choosing high deductibles can reduce rates by up to $570 each year, whereas increasing liability limits will cost you more. Moving from a 50/100 liability limit to a 250/500 limit will cost as much as $405 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles could pay as little as $1,300 every 12 months on average for full coverage. Rates are highest for teen drivers, since even excellent drivers will be charged upwards of $5,200 a year. View Rates by Age

If you like to drive fast or you were responsible for an accident, you may be forking out at a minimum $1,700 to $2,300 extra per year, depending on your age. Insurance for high-risk drivers is expensive and can cost anywhere from 44% to 135% more than average. View High Risk Driver Rates

Where you live also has a big influence on Toyota Camry insurance rates. A middle-age driver might find rates as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

With so much variability in rates, the best way to find out exactly what you will pay is to do a rate comparison from as many companies as possible. Every auto insurance company uses a different rate calculation, so rate quotes can be significantly different.

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 Toyota Camry insurance consists of avoiding accidents and claims, maintaining a good credit score, eliminating unnecessary coverage, and maximizing policy discounts. Set aside time to compare rates every time your policy renews by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.

The points below are a condensed summary of the information covered above.

• You may be able to save as much as $170 per year simply by quoting online in advance
• Drivers under the age of 20 are expensive to insure, with premiums as much as $439 per month if the policy includes full coverage
• Increasing deductibles could save as much as $575 each year
• High-risk drivers with multiple at-fault accidents may pay on average $1,650 more each year to insure a Toyota Camry
• Drivers who require increased liability limits will pay about $440 every year to raise from a minimum limit to a 250/500 level

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.