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 rates for a Toyota Camry are $1,398 a year with full coverage. Comprehensive costs on average $272, collision insurance costs $552, and liability is estimated at $416. Liability-only coverage costs approximately $474 a year, and high-risk coverage costs around $3,046. Teens receive the highest rates at up to $5,288 a year.

Average premium for full coverage: $1,398

Rate estimates by individual coverage type:

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

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can make a big difference on auto insurance rates. Rural areas tend to have lower incidents of collision claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on car insurance rates.

These examples demonstrate why everyone should get quotes based on a specific location, instead of making a decision based on averaged prices.

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

More Rate Details

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

• The cheapest rate after discounts is $798
• Choosing higher $1,000 deductibles can save around $186 annually
• The estimated price for a 40-year-old driver with $500 deductibles is $1,398
• Selecting pricier low deductibles for comp and collision coverage bumps up the cost to $1,764
• Higher-risk drivers with serious driving violations could pay upwards of $3,046
• The cost that insures a 16-year-old driver for full coverage may cost $5,288 each year

View Chart as Image

Car insurance rates for a Toyota Camry can also vary considerably based on the model of your Camry, your age and driving habits, and policy deductibles and limits.

If you like to drive fast or you caused an accident, you may be forking out at a minimum $1,700 to $2,300 extra per year, depending on your age. Toyota Camry insurance for high-risk drivers ranges from 43% to 135% more than the average policy. View High Risk Driver Rates

A more mature driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,300 annually on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged upwards of $5,200 a year. View Rates by Age

Where you live plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,890 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $560 annually, whereas buying more liability protection will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $423 extra every 12 months. View Rates by Deductible or Liability Limit

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 Find Cheap Toyota Camry Insurance

Saving money on insurance for a Toyota Camry takes being a good driver, having a positive credit history, eliminating unnecessary coverage, and possibly raising deductibles. Compare rates once a year by requesting quotes from direct companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following list is a brief summary of the data that was covered in the above illustrations.

• You may be able to save as much as $170 per year just by quoting online well ahead of the renewal date
• Insureds who require an increased level of liability coverage will pay approximately $460 every year to raise limits from a minimum limit to the 250/500 level
• Drivers age 16 to 20 are expensive to insure, with premiums as much as $441 per month if full coverage is purchased
• Drivers considered higher risk that tend to have accidents or serious violations pay on average $1,650 more each year than a safer driver

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.