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.

Estimated insurance rates for a Toyota Camry are $1,412 a year including full coverage. Comprehensive costs around $294, collision costs $570, and liability insurance costs around $390. A policy with only liability insurance costs as low as $452 a year, with a high-risk policy costing around $3,066. Teen drivers pay the most at $5,266 a year or more.

Average premium for full coverage: $1,412

Premium estimates for type of coverage:

Rates are based on $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes additional medical/uninsured motorist coverage. Rates include averaging for all 50 U.S. states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a significant impact on the price of insurance. Areas with sparse population are statistically proven to have lower incidents of comprehensive and collision claims than larger metro areas.

The price range example below illustrates how your location can change auto insurance rates.

These rate differences highlight why anyone shopping for car insurance should compare prices for a specific zip code, rather than relying on price averages.

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

Additional Rate Analysis

The chart below breaks down estimated Toyota Camry insurance rates for additional coverage choices and driver risks.

• The lowest rate with discounts is $808
• Using higher $1,000 deductibles will save about $194 every year
• The estimated price for a 40-year-old good driver using $500 deductibles is $1,412
• Choosing more expensive low deductibles for physical damage coverage bumps up the cost to $1,796
• Drivers with multiple violations and an at-fault accident could pay at least $3,066 or more
• An auto insurance policy that insures a teen driver with full coverage can be $5,266 or more

View Chart as Image

Car insurance prices for a Toyota Camry also have a wide range based on the model year and trim level, your driving record and age, and deductibles and policy limits.

If you have a few violations or you caused an accident, you are likely paying at least $1,700 to $2,300 extra annually, depending on your age. High-risk driver insurance can be anywhere from 44% to 134% more than average. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles could pay as little as $1,300 a year, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged as much as $5,200 a year. View Rates by Age

Where you choose to live has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $1,080 a year in states like Missouri, New Hampshire, and Vermont, or as much as $2,020 on average in Michigan, New York, and Louisiana.

View Chart as Image

Choosing high deductibles could cut prices by as much as $580 each year, while increasing your policy's liability limits will increase prices. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $396 extra every 12 months. View Rates by Deductible or Liability Limit

With such a large range in prices, the best way to figure out your exact price is to compare prices from as many companies as possible. Each insurance company uses a different rate calculation, so rate quotes will be substantially 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 Find the Best Cheap Toyota Camry Insurance

Finding better rates on Toyota Camry insurance requires having a decent driving record, having a positive credit history, refrain from filing small claims, and qualifying for all possible discounts. Shop around every year by requesting quotes from direct car insurance companies, and also from local insurance agencies.

The following items are a quick review of the coverage data illustrated above.

• You may be able to save up to $170 per year simply by shopping early and online
• Increasing policy deductibles can save approximately $575 each year
• 16 to 18-year-old drivers are the costliest to insure, with the cost nearing $439 per month if full coverage is purchased
• High-risk drivers with a DUI or reckless driving violation may have to pay on average $1,650 more every year than a driver with a clean driving record

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.