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 $1,404 a year for full coverage. Comprehensive insurance costs on average $282 each year, collision costs $566, and liability insurance costs around $398. A liability-only policy costs as low as $460 a year, with high-risk insurance costing $3,054 or more. 16-year-old drivers pay the most at $5,272 a year or more.

Average premium for full coverage: $1,404

Premium estimates by type of coverage:

Estimates include $500 policy deductibles, 30/60 liability limits, and includes both medical and uninsured motorist insurance. Rates include averaging for all states and Camry models.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Where you live has a significant impact on car insurance rates. Rural areas are statistically proven to have a lower frequency of accident claims than congested cities.

The graphic below illustrates how location helps determine car insurance rates.

These rate differences show why all drivers should compare prices based on a specific location and risk profile, rather than relying on rate averages.

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

Additional Rate Details

The chart below shows estimated 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 a year
• The average rate for a 40-year-old good driver with $500 deductibles is $1,404
• Buying low deductibles for physical damage coverage will cost an extra $376 a year
• Drivers with multiple tickets or accidents could pay upwards of $3,054 or more
• An auto insurance policy for full coverage for a teen driver may cost $5,272 or more

View Chart as Image

Auto insurance prices for a Toyota Camry also have a wide range based on your driving characteristics, the trim level of your Camry, and policy deductibles and limits.

More mature drivers with a good driving record and high 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, where even good drivers will have to pay upwards of $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 $930 a year in states like Idaho, Maine, and Iowa, or at least $2,000 on average in Michigan, Louisiana, and New York.

View Chart as Image

Opting for high physical damage deductibles could cut prices by as much as $570 each year, whereas increasing liability limits will cost you more. Going from a 50/100 limit to a 250/500 limit will cost up to $405 extra every year. View Rates by Deductible or Liability Limit

If you have a few violations or tend to cause accidents, you could be paying at a minimum $1,700 to $2,300 in extra premium annually, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 135% more than the average rate. View High Risk Driver Rates

With such a large range in prices, the only way to know exactly what you will pay is to do a rate comparison from as many companies as possible. Each insurance company utilizes a different rate formula, and quoted prices will be substantially different from one company to the next.

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 Low Cost Toyota Camry Insurance

Finding better rates on Toyota Camry insurance requires avoiding accidents and claims, having good credit, not filing small claims, and taking advantage of discounts. Invest time comparing rates at every policy renewal by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from your local insurance agents.

The points below are a review of the data covered in the charts and tables above.

• Drivers who require increased liability limits will pay around $440 each year to increase from 30/60 bodily injury limits to 250/500 limits
• Drivers can save as much as $170 per year simply by quoting online in advance
• Increasing policy deductibles can save around $575 each year
• Drivers under the age of 20 are charged the highest prices, as much as $439 per month if they have full coverage

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.