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 $1,404 every 12 months for full coverage. Comprehensive insurance costs on average $282 each year, collision costs $566, and liability coverage is $398. Liability-only insurance costs around $460 a year, with high-risk driver insurance costing $3,054 or more. Teenage 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 physical damage insurance deductibles, bodily injury liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all states and Camry models.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city has a large influence on car insurance rates. Rural areas have more infrequent accident claims than densely populated cities.

The graphic below illustrates the difference location can make on car insurance rates.

The ranges above show why all drivers should compare rates quotes based on a specific location and their own driving history, rather than using average rates.

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

Rates by State, City, and Model

The chart below shows estimated Toyota Camry insurance rates for different risk profiles and scenarios.

• The best discount rate is $801
• Raising to $1,000 deductibles will save around $192 a year
• The average price for the average middle-age driver with $500 deductibles is $1,404
• Using low deductibles costs an extra $376 each year
• Unlucky drivers who are prone to accidents and violations could pay upwards of $3,054 or more
• The price to insure a teenage driver may cost $5,272

View Chart as Image

Car insurance prices for a Toyota Camry are also quite variable based on deductibles and policy limits, your driver profile, and the trim level of your Camry.

Using high physical damage deductibles can reduce prices by up to $570 a year, whereas increasing liability limits will cost you more. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $405 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may only pay around $1,300 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged upwards of $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 a minimum $1,700 to $2,300 extra each year, depending on your age. Insurance for high-risk drivers is expensive and can cost around 44% to 135% more than a normal policy. View High Risk Driver Rates

The state you live in also has a big influence on Toyota Camry insurance rates. A middle-age driver might find prices as low as $930 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Since prices can be so different, the only way to know exactly what you will pay is to do a rate comparison and see how they stack up. Every auto insurance company uses a different method to calculate prices, so rate quotes 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 Shop for the Cheapest Toyota Camry Insurance

Getting lower rates on auto insurance consists of being a low-risk driver, maintaining a good credit score, eliminating unnecessary coverage, and maximizing policy discounts. Make time to compare rates every other policy renewal by getting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from local independent and exclusive agents.

The items below are a recap of the ideas that were touched on in this article.

• Teen drivers are expensive to insure, with premiums as much as $439 a month if the policy includes full coverage
• Drivers that have major violations or accidents pay an average of $1,650 more each year to insure their Camry
• Increasing physical damage deductibles could save as much as $575 each year
• Drivers can save as much as $170 per year simply by quoting online in advance

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.