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.

The average insurance rates for a Toyota Camry are $1,404 a year for full coverage. Comprehensive insurance costs approximately $282, collision insurance costs $566, and liability is estimated at $398. Liability-only insurance costs approximately $460 a year, and high-risk driver insurance costs $3,054 or more. Teen drivers cost the most to insure at up to $5,272 a year.

Average premium for full coverage: $1,404

Policy rates by type of insurance:

Full coverage includes $500 comprehensive and collision deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all states and for all Camry models.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can have significant affects on car insurance rates. Rural locations are shown to have lower incidents of accident claims than larger metro areas. The example below illustrates how geographic area affects auto insurance prices.

The examples above show why everyone should get quotes using their specific location, instead of using price averages.

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

Additional Charts and Tables

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

• The lowest rate with discounts is $801
• Choosing higher $1,000 deductibles can save $192 a year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,404
• Choosing pricier low deductibles for comp and collision coverage will cost an additional $376 every year
• Unlucky drivers with multiple violations and an at-fault accident could pay around $3,054
• Policy cost that insures a teen driver for full coverage can cost $5,272 each year

View Chart as Image

Auto insurance rates for a Toyota Camry also range considerably based on the model of your Camry, how you drive, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you could be paying anywhere from $1,700 to $2,300 in extra premium every year, depending on your age. Toyota Camry insurance for high-risk drivers ranges as much as 44% to 135% more than average. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay in the ballpark of $5,200 a year. View Rates by Age

Your home state plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $930 a year in states like Iowa, Maine, and Idaho, or as much as $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing high deductibles can save as much as $570 every year, whereas buying more liability protection will push rates upward. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $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 More Affordable Toyota Camry Insurance

Finding cheaper rates on car insurance takes having a decent driving record, maintaining a good credit score, avoid buying unnecessary coverage, and possibly higher deductibles. Shop around every couple of years by getting rate quotes from direct carriers, and also from insurance agencies where you live.

The following items are a summary of the material that was presented in the illustrations above.

• Policyholders who purchase additional liability coverage will pay about $440 each year to raise limits from a 30/60 limit to the 250/500 level
• 16 to 18-year-old drivers have the highest car insurance rates, costing up to $439 each month if the policy includes full coverage
• Higher risk drivers who have multiple accidents or major violations could be forced to pay on average $1,650 more per year than a driver with a clean driving record
• Increasing comprehensive and collision deductibles can save approximately $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.