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 auto insurance rates for a Toyota Camry are $1,404 annually for full coverage insurance. Comprehensive insurance costs on average $282, collision costs $566, and liability insurance costs around $398. Liability-only insurance costs as low as $460 a year, with high-risk driver insurance costing $3,054 or more. Teen drivers cost the most to insure at $5,272 a year or more.

Average premium for full coverage: $1,404

Policy rates by type of insurance:

Estimates include $500 comprehensive and collision deductibles, minimum liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 states and for all Camry models.

Price Range Variability

Urban vs. Rural Price Range

Where you live has a significant impact on insurance rates. Rural areas are shown to have fewer physical damage claims than larger metro areas.

The example below illustrates how your location can change car insurance rates.

The examples above illustrate why everyone should compare prices based on a specific location and their own personal driving habits, rather than relying on price averages.

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

More Rate Information

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

• The lowest rate with discounts is $801
• Using higher $1,000 deductibles will save around $192 each year
• The estimated rate for a good driver age 40 with $500 deductibles is $1,404
• Choosing pricier low deductibles for physical damage coverage costs an additional $376 a year
• Drivers with multiple violations and an at-fault accident could pay upwards of $3,054 or more
• Policy cost with full coverage for a teen driver for full coverage may cost $5,272 or more

View Chart as Image

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

A more mature driver with a good driving record and high physical damage deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will have to pay upwards of $5,200 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are probably paying at a minimum $1,700 to $2,300 in extra premium every year, depending on your age. Toyota Camry insurance for high-risk drivers can be anywhere from 44% to 135% more than average. View High Risk Driver Rates

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

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

View Chart as Image

Because rates have so much variability, the only way to figure out exactly what you will pay is to regularly compare rates from as many companies as possible. Each insurance company uses a different rate calculation, and quoted rates will be varied between companies.

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 Low Cost Toyota Camry Insurance

Finding cheaper rates on Toyota Camry insurance requires avoiding accidents and violations, having above-average credit, being claim-free, and taking advantage of discounts. Invest the time to shop around every couple of years by obtaining price quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.

The list below is a review of the material that was illustrated above.

• Drivers who require higher liability limits will pay about $440 annually to increase from a 30/60 limit to higher 250/500 limits
• Teenagers are charged the highest rates, possibly costing $439 each month if full coverage is included
• High-risk drivers who have several accidents or serious violations may pay on average $1,650 more each year for car insurance
• Increasing comprehensive and collision deductibles could save up to $575 each year

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.