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.

U.S. average insurance rates for a Toyota Camry are $1,404 a year for full coverage insurance. Comprehensive costs on average $282, collision insurance costs $566, and liability costs around $398. Liability-only coverage costs as low as $460 a year, and high-risk coverage costs around $3,054. Teenage drivers pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates by individual coverage:

These estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all 50 states and for all Camry models.

Price Range from Low to High

Geographic Price Range

Where you live can make a big difference on insurance rates. Rural areas have lower incidents of physical damage claims than densely populated cities. The example below illustrates how location helps determine car insurance rates.

The ranges above illustrate why everyone should compare prices based on a specific location, instead of making a decision based on average rates.

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

Detailed Rate Analysis

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save around $192 each year
• The estimated price for the average middle-age driver with $500 deductibles is $1,404
• Using pricier low deductibles for physical damage coverage bumps up the cost to $1,780
• High-risk insureds who are prone to accidents and violations could pay upwards of $3,054
• The price that insures a 16-year-old driver for full coverage may cost $5,272 or more

View Chart as Image

Auto insurance prices for a Toyota Camry are also quite variable based on the model of your Camry, your age and driving record, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you are probably paying at a minimum $1,700 to $2,300 in extra premium each year, depending on your age. Toyota Camry insurance for high-risk drivers can be from 44% to 135% more than a normal policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may pay as low as $1,300 a year for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records will have to pay upwards of $5,200 a year. View Rates by Age

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

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $570 annually, whereas buying more liability protection will cost you more. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 extra every year. 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

Getting lower rates on insurance for a Toyota Camry requires having a decent driving record, maintaining a good credit score, not filing small claims, and deciding if full coverage is necessary. Compare prices once a year by obtaining price quotes from direct insurance companies, and also from your local independent and exclusive agents.

The following items are a brief summary of the data that was covered in the charts and tables above.

• It is possible to save as much as $170 per year just by quoting online well ahead of the renewal date
• Insureds who require additional liability coverage will pay an extra $440 annually to increase from a low limit to the 250/500 level
• 16 to 18-year-old drivers are charged the highest prices, as much as $439 a month if the policy includes full coverage
• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,650 more each year than a driver with a clean driving record

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.