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 $1,404 annually including full coverage. Comprehensive costs on average $282, collision insurance costs $566, and liability costs around $398. A policy with just liability insurance costs as low as $460 a year, and coverage for high-risk drivers costs around $3,054. 16-year-old drivers receive the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Rate estimates by individual coverage type:

Rates are based on $500 physical damage deductibles, 30/60 split liability limits, and includes medical and UM/UIM coverage. Rates are averaged for all 50 U.S. states and for all Camry models.

Price Range by Coverage and Risk

Price Range by Location

Where you live can have significant affects on car insurance rates. Rural areas tend to have fewer comprehensive and collision claims than congested cities. The example below illustrates how your location can change car insurance rates.

These examples highlight why everyone should compare prices based on a specific location and their own personal driving habits, instead of using rate averages.

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

More Rate Details

The chart below breaks down average Toyota Camry insurance rates for different risk profiles and scenarios.

• The best full coverage rate is $801
• Using higher $1,000 deductibles will save around $192 every year
• The estimated rate for a 40-year-old driver with $500 deductibles is $1,404
• Buying pricier low deductibles for physical damage coverage will cost $1,780
• Drivers with multiple tickets or accidents could pay upwards of $3,054
• The cost with full coverage for a teen driver for full coverage may cost $5,272 or more

View Chart as Image

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

A more mature driver with no violations or accidents and high physical damage deductibles may pay as little as $1,300 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying at a minimum $1,700 to $2,300 additional per year, depending on your age. Toyota Camry insurance for high-risk drivers can be as much as 44% to 135% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut rates by as much as $570 every year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $405 more each year. View Rates by Deductible or Liability Limit

Where you live has a huge impact on Toyota Camry insurance prices. A driver around age 40 might see rates as low as $1,080 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,000 on average in Michigan, New York, and Louisiana.

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 requires being a safe and courteous driver, having good credit, not filing small claims, and dropping full coverage on older vehicles. Invest the time to shop around at least every other year by getting quotes from direct car insurance companies like Progressive and GEICO, and also from several local insurance agents.

Below is a quick review of the car insurance concepts illustrated above.

• Higher risk drivers with a DUI or reckless driving violation pay on average $1,650 more each year for auto insurance
• You may be able to save as much as $170 per year just by quoting online well ahead of the renewal date
• Increasing deductibles could save up to $575 each year
• Policyholders who require higher levels of liability will pay around $440 per year to increase from a minimum limit to higher 250/500 limits

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.