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 auto insurance rates for a Toyota Camry are $1,404 annually for full coverage insurance. Comprehensive costs approximately $282 a year, collision insurance costs $566, and liability coverage costs around $398. A liability-only policy costs as low as $460 a year, and high-risk insurance costs around $3,054. Teenage drivers pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates by type of coverage:

Full coverage includes $500 deductible amounts, minimum liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all 50 states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a large influence on the price of auto insurance. Rural locations are statistically proven to have fewer physical damage claims than densely populated cities. The diagram below illustrates how location helps determine auto insurance prices.

These rate differences illustrate why it is important to compare prices using their specific location and their own personal driving habits, rather than using average rates.

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

Additional Rate Details

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save $1,212 each year
• The estimated rate for a 40-year-old good driver who chooses $500 deductibles is $1,404
• Using low $100 deductibles for physical damage coverage will cost $1,780
• Higher-risk drivers who are prone to accidents and violations could pay around $3,054
• An auto insurance policy with full coverage for a teenage driver can cost $5,272 or more

View Chart as Image

Auto insurance prices for a Toyota Camry also have a wide range based on the model of your Camry, your risk profile, and physical damage deductibles and liability limits.

Older drivers with a good driving record and high physical damage deductibles may only pay around $1,300 a year, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they will have to pay in the ballpark of $5,200 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you are probably paying anywhere from $1,700 to $2,300 in extra premium annually, depending on your age. A high-risk auto insurance policy can be around 44% to 135% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could cut prices by as much as $570 a year, while buying higher liability limits will push prices upward. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost up to $405 extra every year. View Rates by Deductible or Liability Limit

Where you choose to live has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,900 on average in Florida, New York, and Michigan.

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 Buy More Affordable Toyota Camry Insurance

Finding better rates on auto insurance requires having a good driving record, having above-average credit, paying for small claims out-of-pocket, and possibly higher deductibles. Invest time comparing rates every couple of years by obtaining price quotes from direct insurance companies, and also from insurance agencies where you live.

The next list is a summary of the material that was covered in the charts and tables above.

• Consumers who purchase increased levels of liability coverage will pay an extra $440 annually to increase from 30/60 bodily injury limits to higher 250/500 limits
• Drivers age 20 and younger have the highest car insurance prices, with premiums being up to $439 per month if full coverage is included
• Drivers who have multiple accidents or major violations could be forced to pay on average $1,650 more per year to buy Toyota Camry insurance
• Increasing policy deductibles could save up to $575 each year

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.