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.

Average auto insurance rates for a Toyota Camry are $1,404 annually for full coverage. Comprehensive costs approximately $282 a year, collision costs $566, and liability coverage is estimated at $398. Buying just liability costs approximately $460 a year, with insurance for high-risk drivers costing around $3,054. 16-year-old drivers receive the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Rate estimates by individual coverage type:

Includes $500 physical damage deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all states and Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city has a large influence on car insurance rates. Rural locations tend to have fewer accident claims than congested cities.

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

These examples show why it is important to get quotes using their specific location and their own personal driving habits, rather than using rate averages.

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

Additional Charts and Tables

The chart below shows estimated Toyota Camry insurance rates for additional coverage and risk scenarios.

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save $1,212 a year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $1,404
• Buying low $100 deductibles for comp and collision coverage will cost $1,780
• Drivers with multiple tickets or accidents could pay around $3,054 or more
• The cost with full coverage for a teenage driver can cost $5,272 each year

View Chart as Image

Auto insurance rates for a Toyota Camry can also vary considerably based on the trim level of your Camry, your driver profile, and physical damage deductibles and liability limits.

Older drivers with a good driving record and high physical damage deductibles may only pay around $1,300 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they will have to pay in the ballpark of $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying anywhere from $1,700 to $2,300 in extra premium per year, depending on your age. A high-risk auto insurance policy ranges around 44% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $570 a year, while buying higher liability limits will push rates upward. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $405 extra every year. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for Toyota Camry insurance rates. A good driver about age 40 could pay as low as $930 a year in states like Iowa, Maine, and Idaho, or at least $2,000 on average in New York, Louisiana, and Michigan.

View Chart as Image

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to get quotes and see how they stack up. Each auto insurer utilizes a different rate formula, and quoted rates can be significantly different between companies.

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 the Cheapest Toyota Camry Insurance

Saving money on auto insurance takes being a safe and courteous driver, having above-average credit, eliminating unneeded coverage, and not having any coverage lapses. Set aside time to shop around every other policy renewal by obtaining price quotes from direct carriers like Progressive and GEICO, and also from several local insurance agents.

Below is a recap of the ideas that were raised in the charts and tables above.

• Teenage drivers have the highest car insurance rates, costing as high as $439 per month if full coverage is included
• Drivers that have major violations or accidents pay on average $1,650 more per year for auto insurance
• Increasing deductibles could save up to $575 each year
• Drivers can save around $170 per year simply by quoting early and online

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.