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 costs approximately $294, collision costs $570, and liability coverage costs around $390. A policy with just liability insurance costs as low as $452 a year, with coverage for high-risk drivers costing around $3,066. Teen drivers pay the highest rates at $5,266 a year or more.

Average premium for full coverage: $1,412

Price estimates by individual coverage:

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

Price Range from Low to High

Geographic Price Range

Where you live has a large influence on car insurance rates. Rural locations have more infrequent accident claims than larger metro areas.

The example below illustrates how your location can change auto insurance prices.

The ranges above show why everyone should compare prices using their specific location and their own driving history, rather than using price averages.

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

Additional Rate Analysis

The chart below shows estimated Toyota Camry insurance rates for additional coverage and risk scenarios.

• The lowest rate with discounts is $808
• Using higher $1,000 deductibles will save $194 a year
• The average price for the average middle-age driver who chooses $500 deductibles is $1,412
• Choosing pricier low deductibles for physical damage coverage increases the price to $1,796
• Higher-risk drivers with multiple violations and an at-fault accident could pay around $3,066 or more
• The price to insure a teenage driver for full coverage can cost $5,266 or more

View Chart as Image

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

Choosing high deductibles could cut prices by as much as $580 a year, whereas buying more liability protection will push prices upward. Going from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $396 more per year. View Rates by Deductible or Liability Limit

A more mature driver with a clean driving record and higher deductibles may only pay around $1,300 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay in the ballpark 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 anywhere from $1,700 to $2,300 extra each year, depending on your age. Toyota Camry insurance for high-risk drivers can be around 44% to 134% more than average. View High Risk Driver Rates

The state you live in has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $930 a year in states like Iowa, Maine, and Idaho, or as much as $2,020 on average in New York, Louisiana, and Michigan.

View Chart as Image

Since prices can be so different, the only way to know who has the cheapest car insurance prices is to regularly compare prices and see how they stack up. Each insurance company uses a different rate calculation, so the 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 Shop for More Affordable Toyota Camry Insurance

Getting lower rates on auto insurance requires having a decent driving record, having good credit, eliminating unnecessary coverage, and maximizing policy discounts. Invest the time to shop around every other policy renewal by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following items are a summary of the ideas that were illustrated above.

• 16 to 18-year-old drivers are expensive to insure, with premiums as much as $439 a month if they have full coverage
• Drivers who have multiple accidents or major violations may pay on average $1,650 more per year than a driver with a clean driving record
• Increasing physical damage deductibles could save as much as $575 each year
• Drivers can save around $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.