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.

The average insurance prices for a Toyota Camry are $1,404 every 12 months for full coverage insurance. Comprehensive costs around $282 each year, collision insurance costs $566, and liability costs around $398. A liability-only policy costs as low as $460 a year, and high-risk insurance costs around $3,054. Teenage drivers cost the most to insure at up to $5,272 a year.

Average premium for full coverage: $1,404

Policy rates for type of insurance:

Prices are based on $500 comprehensive and collision deductibles, 30/60 split liability limits, and includes medical/PIP and uninsured motorist coverage. Prices are averaged for all 50 states and Camry models.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on car insurance rates. Areas with sparse population are shown to have more infrequent physical damage claims than densely populated cities. The graphic below illustrates how geographic area affects auto insurance rates.

The examples above illustrate why all drivers should compare prices for a specific zip code and their own driving history, instead of making a decision based on average rates.

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

Additional Charts and Tables

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

• The best discount rate is $801
• Using higher $1,000 deductibles will save about $192 each year
• The average price for a good driver age 40 using $500 deductibles is $1,404
• Using low deductibles for physical damage coverage increases the price to $1,780
• High-risk insureds who are prone to accidents and violations could pay at least $3,054
• Policy cost to insure a 16-year-old driver can be $5,272 or more

View Chart as Image

Car insurance rates for a Toyota Camry also range considerably based on liability limits and deductibles, your risk profile, and the trim level and model year.

Using high physical damage deductibles could cut rates by as much as $570 annually, whereas increasing liability limits will increase rates. Switching from a 50/100 liability limit to a 250/500 limit will raise rates by up to $405 extra every 12 months. View Rates by Deductible or Liability Limit

More mature drivers with no driving violations and higher deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers will be charged as much as $5,200 a year. View Rates by Age

If you have a few points on your driving record or you were responsible for an accident, you are probably paying at least $1,700 to $2,300 extra every year, depending on your age. Insurance for high-risk drivers can be from 44% to 135% more than a normal policy. View High Risk Driver Rates

Your home state has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,900 on average in Michigan, New York, and Florida.

View Chart as Image

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 Affordable Toyota Camry Insurance

Finding cheaper rates on insurance for a Toyota Camry requires having a decent driving record, maintaining a good credit score, being claim-free, and consideration of higher deductibles. Invest the time to compare rates at least every other year by obtaining price quotes from direct insurance companies, and also from your local independent and exclusive agents.

The following items are a brief review of the car insurance concepts presented in the illustrations above.

• Drivers considered higher risk with DUI or reckless driving convictions may pay on average $1,650 more every year than a driver with a clean driving record
• It is possible to save up to $170 per year just by quoting online in advance
• Increasing comprehensive and collision deductibles could save as much as $575 each year
• Insureds who may need additional liability coverage will pay an extra $440 annually to increase from a 30/60 limit to a 250/500 level

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.