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 $1,404 a year for full coverage. Comprehensive costs on average $282, collision costs $566, and liability 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 pay the highest rates at $5,272 a year or more.

Average premium for full coverage: $1,404

Price estimates by individual coverage:

Includes $500 comprehensive and collision deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all states and for all Camry models.

Price Range from Low to High

Geographic Price Range

Living in a larger city can make a big difference on car insurance rates. Rural areas have lower incidents of accident claims than congested cities.

The example below illustrates the effect of geographic area on car insurance rates.

The ranges above show why everyone should get quotes based on a specific location, instead of making a decision based on 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 different risk profiles and scenarios.

• The best full coverage rate is $801
• Choosing higher $1,000 deductibles can save around $192 a year
• The estimated price for the average middle-age driver with $500 deductibles is $1,404
• Buying pricier low deductibles for comp and collision coverage bumps up the cost to $1,780
• Higher-risk drivers with multiple tickets or accidents could pay upwards of $3,054 or more
• The price that insures a 16-year-old driver for full coverage may cost $5,272 each year

View Chart as Image

Insurance prices for a Toyota Camry are also quite variable based on the model of your Camry, how you drive, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you could be paying at a minimum $1,700 to $2,300 additional each year, depending on your age. Toyota Camry insurance for high-risk drivers ranges from 44% to 135% more than the average rate. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,300 annually on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay upwards of $5,200 a year. View Rates by Age

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

View Chart as Image

Opting for high physical damage deductibles can save as much as $570 annually, whereas buying more liability protection will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 more each year. View Rates by Deductible or Liability Limit

Since prices can be so different, the only way to know exactly what you will pay is to regularly compare prices from multiple companies. Each auto insurer utilizes a different rate formula, and prices may be quite different.

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 Cheapest Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry takes having a decent driving record, having a good credit score, eliminating unnecessary coverage, and insuring your home and auto with the same company. Comparison shop every other policy renewal by getting quotes from direct carriers, and also from local exclusive and independent agents.

The following items are a recap of the ideas that were covered in the above illustrations.

• 16 to 18-year-old drivers pay higher prices, with premiums as much as $439 a month if comprehensive and collision insurance is included
• Drivers considered higher risk that have major violations or accidents may pay on average $1,650 more each year than a driver with a clean driving record
• Increasing physical damage deductibles can save approximately $575 each year
• Drivers can save as much as $170 per year simply by quoting online well ahead of the renewal date

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.