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 with full coverage. Comprehensive insurance costs around $282, collision insurance costs $566, and liability is estimated at $398. A liability-only policy costs approximately $460 a year, and high-risk insurance costs $3,054 or more. 16-year-old drivers pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates for type of coverage:

Rates are based on $500 policy deductibles, minimum liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on insurance rates. Areas with sparse population are statistically proven to have more infrequent collision claims than congested cities. The price range example below illustrates how rural and urban location affects auto insurance rates.

These rate differences demonstrate why anyone shopping for car insurance should get quotes for a specific zip code and their own driving history, instead of using rate averages.

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

Additional Rate Details

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

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save about $192 annually
• The average price for a 40-year-old good driver using $500 deductibles is $1,404
• Buying more expensive low deductibles for comp and collision coverage costs an extra $376 every year
• Unlucky drivers with multiple tickets or accidents could pay at least $3,054
• An auto insurance policy to insure a teen driver with full coverage can be $5,272 each year

View Chart as Image

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

Opting for high physical damage deductibles can save as much as $570 every year, while increasing your policy's liability limits will increase prices. Moving from a 50/100 liability limit to a 250/500 limit will cost up to $405 extra every year. View Rates by Deductible or Liability Limit

An older driver with a good driving record and higher deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even excellent drivers will have to pay 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 may be forking out at least $1,700 to $2,300 in extra premium annually, depending on your age. High-risk driver insurance ranges as much as 44% to 135% more than the average rate. View High Risk Driver Rates

Where you choose to 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 at least $1,900 on average in Florida, Michigan, and New York.

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 the Best Cheap Toyota Camry Insurance

Finding better rates on car insurance takes avoiding accidents and claims, having a good credit score, being claim-free, and possibly raising deductibles. Set aside time to shop around every couple of years by obtaining price quotes from direct companies, and also from several local insurance agents.

The points below are a quick review of the material that was raised in the charts and tables above.

• Policyholders who may need increased liability limits will pay around $440 every year to raise limits from 30/60 bodily injury limits to a 250/500 level
• Drivers under the age of 20 are expensive to insure, possibly costing $439 per month if comprehensive and collision insurance is included
• Higher risk drivers with a DUI or reckless driving violation pay on average $1,650 more every year to insure a Toyota Camry
• Increasing policy deductibles could save as much as $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.