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 insurance prices for a Toyota Camry are $1,404 every 12 months including full coverage. Comprehensive costs around $282 a year, collision insurance costs $566, and liability is $398. A policy with only liability insurance costs around $460 a year, and a high-risk policy costs around $3,054. Teen drivers pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates for type of coverage:

These estimates include $500 deductible amounts, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all 50 U.S. states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Choosing to live in a large city can make a big difference on the price of insurance. Areas with sparse population are statistically proven to have more infrequent comprehensive and collision claims than larger metro areas. The diagram below illustrates how geographic area affects auto insurance rates.

These rate differences highlight why it is important to compare rates quotes for a specific zip code and their own driving history, instead of making a decision based on price averages.

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

Additional Rate Details

The chart below breaks down average Toyota Camry insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $801
• Raising to $1,000 deductibles will save about $1,212 every year
• The average price for a 40-year-old good driver using $500 deductibles is $1,404
• Choosing low $100 deductibles increases the price to $1,780
• Drivers with multiple violations and an at-fault accident could pay at least $3,054
• An auto insurance policy to insure a 16-year-old driver can be $5,272

View Chart as Image

Car insurance prices for a Toyota Camry also have a wide range based on physical damage deductibles and liability limits, your driving characteristics, and the trim level and model year.

Choosing high deductibles can reduce prices by up to $570 annually, while buying higher liability limits will increase prices. Changing from a 50/100 liability limit to a 250/500 limit will cost up to $405 extra every 12 months. View Rates by Deductible or Liability Limit

Older drivers with no driving violations and higher deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will be charged as much as $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are likely paying at least $1,700 to $2,300 extra annually, depending on your age. A high-risk auto insurance policy is expensive and can cost from 44% to 135% more than average. View High Risk Driver Rates

Where you choose to live also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $1,080 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,000 on average in Michigan, New York, and Louisiana.

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 Shop for Cheap Toyota Camry Insurance

Finding better rates on insurance for a Toyota Camry consists of having a good driving record, maintaining a good credit score, refrain from filing small claims, and consideration of higher deductibles. Invest the time to compare rates every time your policy renews by getting quotes from direct car insurance companies, and also from insurance agencies where you live.

The next list is a brief summary of the information presented in the illustrations above.

• You may be able to save up to $170 per year just by quoting early and online
• Drivers age 20 and younger are the costliest to insure, with the cost nearing $439 per month if the policy includes full coverage
• Increasing policy deductibles could save as much as $575 each year
• Drivers considered higher risk that tend to have accidents or serious violations could be forced to pay on average $1,650 more every year to buy Toyota Camry insurance
• Insureds who may need increased levels of liability coverage will pay about $440 per year to raise from 30/60 bodily injury limits 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.