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 prices for a Toyota Camry are $1,412 every 12 months for full coverage. Comprehensive insurance costs around $294, collision insurance costs $570, and liability costs $390. Buying just liability costs as little as $452 a year, and insurance for high-risk drivers costs $3,066 or more. Teens pay the highest rates at up to $5,266 a year.

Average premium for full coverage: $1,412

Price estimates for individual coverage:

These estimates include $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes both medical and uninsured motorist insurance. Estimates are averaged for all states and for all Camry models.

Price Range from Low to High

Geographic Price Range

Your location can make a big difference on auto insurance rates. Areas with sparse population have more infrequent accident claims than cities with more traffic congestion. The example below illustrates the effect of geographic area on auto insurance rates.

The ranges above show why everyone should compare rates for a specific zip code and their own driving history, instead of making a decision based on averaged prices.

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

Additional Rate Details

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

• The cheapest rate after discounts is $808
• Drivers who choose higher $1,000 deductibles will pay about $194 a year
• The average price for the average middle-age driver using $500 deductibles is $1,412
• Selecting pricier low deductibles for comprehensive and collision insurance costs an extra $384 annually
• Drivers with serious driving violations could pay at least $3,066
• The price to insure a 16-year-old driver for full coverage can be $5,266 a year

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Insurance prices for a Toyota Camry are also quite variable based on deductibles and policy limits, your driver profile, and the trim level and model year.

Choosing higher comprehensive and collision insurance deductibles could save up to $580 annually, whereas buying more liability protection will increase prices. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $396 more each year. View Rates by Deductible or Liability Limit

A more mature driver with no violations or accidents and higher deductibles may pay as low as $1,300 per year on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers should be prepared to pay as much as $5,200 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you could be paying at least $1,700 to $2,300 additional each year, depending on your age. Toyota Camry insurance for high-risk drivers can cost from 44% to 134% more than the average policy. View High Risk Driver Rates

The state you live in makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $930 a year in states like Idaho, Maine, and Iowa, or have to pay at least $2,020 on average in Michigan, Louisiana, and New York.

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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 Shop for Cheap Toyota Camry Insurance

Getting lower rates on insurance for a Toyota Camry not only requires having a decent driving record, but also having above-average credit, eliminating unnecessary coverage, and deciding if full coverage is necessary. Take the time to compare rates every year by obtaining price quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The following items are a brief summary of the coverage data covered in the above illustrations.

• Drivers can save up to $170 per year just by quoting online well ahead of the renewal date
• Increasing physical damage deductibles could save as much as $575 each year
• 16 to 18-year-old drivers are charged the highest prices, with premiums as much as $439 a month if full coverage is included
• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,650 more every year than a driver with a clean driving record

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.