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 $1,412 annually for full coverage insurance. Comprehensive insurance costs around $294, collision insurance costs $570, and liability costs $390. A policy with just liability insurance costs as little as $452 a year, and coverage for high-risk drivers costs $3,066 or more. Teenage drivers receive the highest rates at up to $5,266 a year.

Average premium for full coverage: $1,412

Rate estimates for individual coverage type:

Rates are based on $500 deductible amounts, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can have significant affects on car insurance rates. Areas with sparse population tend to have fewer physical damage claims than densely populated cities. The price range example below illustrates how geographic area affects auto insurance rates.

These examples illustrate why anyone shopping for car insurance should compare rates for a specific zip code and their own personal driving habits, instead of using 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 $808
• Drivers who choose higher $1,000 deductibles will pay about $194 each year
• The estimated rate for a 40-year-old driver using $500 deductibles is $1,412
• Using more expensive low deductibles for comprehensive and collision insurance costs an additional $384 every year
• Higher-risk drivers who are prone to accidents and violations could pay at least $3,066
• The cost with full coverage for a teen driver with full coverage can be $5,266 a year

View Chart as Image

Insurance rates for a Toyota Camry can also vary considerably based on the trim level of your Camry, your risk profile, and deductibles and policy limits.

An older driver with no violations or accidents and high physical damage deductibles may pay as little as $1,300 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they should be prepared to pay as much as $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are probably paying at least $1,700 to $2,300 additional per year, depending on your age. High-risk driver insurance can cost as much as 44% to 134% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $580 every year, while increasing your policy's liability limits will increase rates. Switching from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $396 more each year. View Rates by Deductible or Liability Limit

Where you live makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,910 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 Buy the Best Cheap Toyota Camry Insurance

Saving money on car insurance not only requires having a good driving record, but also having good credit, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Invest the time to compare rates once a year by getting quotes from direct insurance companies like Progressive and GEICO, and also from several local insurance agents.

The next list is a quick review of the data that was presented in the illustrations above.

• It is possible to save up to $170 per year just by shopping early and online
• Policyholders who may need increased levels of liability coverage will pay an extra $430 annually to go from a minimum limit to higher 250/500 limits
• Drivers age 20 and younger are charged the highest rates, costing up to $439 per month if they have full coverage
• Higher risk drivers with a DUI or reckless driving violation pay on average $1,650 more every year to buy Toyota Camry insurance

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.