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 rates for a Toyota Camry are $1,404 a year with full coverage. Comprehensive costs around $282 a year, collision costs $566, and liability is $398. Liability-only insurance costs around $460 a year, with high-risk driver insurance costing around $3,054. Teens pay the most at $5,272 a year or more.

Average premium for full coverage: $1,404

Premium estimates for type of coverage:

Full coverage includes $500 deductibles, 30/60 liability coverage, and includes medical and uninsured motorist coverage. Rates include averaging for all 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 insurance rates. Areas with sparse population are statistically proven to have a lower frequency of collision claims than cities with more traffic congestion.

The diagram below illustrates how rural and urban location affects auto insurance rates.

These rate differences demonstrate why it is important to compare rates quotes for a specific zip code and risk profile, instead of making a decision based on averaged prices.

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

Detailed Rate Analysis

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

• The cheapest rate after discounts is $801
• Raising to $1,000 deductibles will save about $1,212 annually
• The average rate for a 40-year-old good driver using $500 deductibles is $1,404
• Selecting low $100 deductibles will increase the cost to $1,780
• Drivers with serious driving violations could pay at least $3,054 or more
• An auto insurance policy for full coverage for a 16-year-old driver can be $5,272

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on your driving characteristics, the trim level and model year, and deductibles and policy limits.

Older drivers with no violations or accidents and high deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers should be prepared to pay as much as $5,200 a year. View Rates by Age

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 $1,010 a year in states like New Hampshire, Ohio, and Utah, or have to pay at least $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $570 annually, while buying higher liability limits will increase prices. Moving from a 50/100 limit to a 250/500 limit will cost up to $405 more each year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you may be forking out at least $1,700 to $2,300 additional annually, depending on your age. A high-risk auto insurance policy is expensive and can cost from 44% to 135% more than the average policy. View High Risk Driver Rates

With such a large range in prices, the best way to find out your exact price is to get quotes from multiple companies. Every auto insurance company calculates prices differently, and prices will be substantially different from one company to the next.

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 better rates on insurance for a Toyota Camry consists of not taking risks behind the wheel, having a good credit history, being claim-free, and taking advantage of discounts. Set aside time to shop around every year by quoting rates from direct companies like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The following is a summary of the coverage data raised in the charts and tables above.

• You may be able to save up to $170 per year simply by quoting early and online
• Increasing policy deductibles can save around $575 each year
• Teens are charged the highest prices, possibly costing $439 per month including comprehensive and collision insurance
• Drivers considered higher risk who have multiple accidents or major violations pay an average of $1,650 more every year for Camry insurance

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.