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 auto insurance rates for a Toyota Camry are $1,404 annually for full coverage. Comprehensive costs around $282, collision insurance costs $566, and liability insurance costs around $398. A liability-only policy costs as low as $460 a year, and high-risk insurance costs around $3,054. Teen drivers cost the most to insure at up to $5,272 a year.

Average premium for full coverage: $1,404

Policy rates for type of insurance:

Estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all states and for different Camry trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on auto insurance rates. Areas with sparse population are shown to have fewer accident claims than larger metro areas. The price range example below illustrates how location impacts auto insurance rates.

The examples above show why anyone shopping for car insurance should compare prices for a specific zip code and their own personal driving habits, rather than relying on price averages.

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

Additional Rate Information

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

• The lowest rate with discounts is $801
• Using higher $1,000 deductibles will save about $192 a year
• The estimated rate for a good driver age 40 using $500 deductibles is $1,404
• Choosing more expensive low deductibles for physical damage coverage will cost $1,780
• Drivers with multiple violations and an at-fault accident could pay at least $3,054
• Policy cost with full coverage for a teen driver with full coverage can be $5,272 or more

View Chart as Image

Car insurance rates for a Toyota Camry also range considerably based on the model year and trim level, your driver profile, and deductibles and policy limits.

An older driver with no driving violations and high physical damage deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will be charged as much as $5,200 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying at least $1,700 to $2,300 extra every year, depending on your age. High-risk driver insurance can be anywhere from 44% to 135% more than average. View High Risk Driver Rates

Choosing high deductibles could cut rates by as much as $570 each year, while increasing your policy's liability limits will increase rates. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $405 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see rates as low as $930 a year in states like Idaho, Maine, and Iowa, or as much as $2,000 on average in Michigan, Louisiana, 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 Buy Low Cost Toyota Camry Insurance

Finding cheaper rates on Toyota Camry insurance requires avoiding accidents and violations, having a good credit score, avoid buying unnecessary coverage, and consideration of higher deductibles. Spend time shopping around at every policy renewal by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The list below is a review of the data touched on above.

• Drivers who may need higher liability limits will pay about $440 each year to increase from a 30/60 limit to higher 250/500 limits
• Drivers can save up to $170 per year just by shopping early and online
• Increasing comprehensive and collision deductibles could save up to $575 each year
• Teenagers are the costliest to insure, costing up to $439 each month if comprehensive and collision insurance 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.