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 $1,412 a year for full coverage insurance. Comprehensive insurance costs approximately $294 a year, collision insurance costs $570, and liability is $390. Liability-only insurance costs around $452 a year, and high-risk driver insurance costs $3,066 or more. Teenage drivers pay the highest rates at up to $5,266 a year.

Average premium for full coverage: $1,412

Price estimates by individual coverage:

Rates are based on $500 policy deductibles, split liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 states and Camry trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on the price of auto insurance. Rural locations have a lower frequency of physical damage claims than densely populated cities. The diagram below illustrates how geographic area affects auto insurance prices.

The ranges above illustrate why it is important to compare rates quotes using their specific location and risk profile, instead of using average rates.

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

Additional Charts and Tables

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

• The best discount rate is $808
• Raising to $1,000 deductibles will save $1,218 each year
• The average rate for the average middle-age driver who chooses $500 deductibles is $1,412
• Using low $100 deductibles will cost an extra $384 every year
• At-risk drivers who are prone to accidents and violations could pay around $3,066
• The price for full coverage for a teen driver can cost $5,266

View Chart as Image

Car insurance prices for a Toyota Camry are also quite variable based on your driving record, the model year and trim level, and physical damage deductibles and liability limits.

Older drivers with no driving violations and high deductibles may pay as little as $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will be charged in the ballpark of $5,200 a year. View Rates by Age

The state you live in also has a big influence on Toyota Camry insurance prices. A middle-age driver might find prices as low as $920 a year in states like North Carolina, Wisconsin, and Vermont, or be forced to pay as much as $1,910 on average in Florida, New York, and Michigan.

View Chart as Image

Using high physical damage deductibles can reduce prices by up to $580 every year, while buying higher liability limits will push prices upward. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $396 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you are probably paying anywhere from $1,700 to $2,300 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 44% to 134% more than a normal policy. View High Risk Driver Rates

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 the Best Cheap Toyota Camry Insurance

Getting lower rates on car insurance consists of avoiding accidents and claims, having above-average credit, not filing small claims, and attention to physical damage deductibles. Invest the time to compare rates at least once a year by requesting quotes from direct insurance companies like Progressive and GEICO, and also from your local independent and exclusive agents.

The points below are a quick review of the primary concepts that were presented in the illustrations above.

• It is possible to save around $170 per year just by quoting early and online
• Higher risk drivers with a DUI or reckless driving violation may pay on average $1,650 more per year to insure a Toyota Camry
• Increasing physical damage deductibles can save around $575 each year
• Drivers under the age of 20 pay the highest auto insurance prices, as much as $439 a month if full coverage is included

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.