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 insurance rates for a Toyota Camry are $1,412 a year for full coverage. Comprehensive insurance costs around $294 each year, collision insurance costs $570, and liability is $390. A liability-only policy costs around $452 a year, and high-risk insurance costs $3,066 or more. Teenage drivers cost the most to insure at up to $5,266 a year.

Average premium for full coverage: $1,412

Policy rates for type of insurance:

Includes $500 physical damage deductibles, liability coverage up to 30/60, and includes medical and UM/UIM coverage. Prices are averaged for all states and Camry models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city can make a big difference on auto insurance rates. Areas with sparse population are shown to have lower incidents of accident claims than densely populated cities. The graphic below illustrates the difference location can make on auto insurance rates.

The examples above show why all drivers should compare rates quotes for a specific zip code, instead of making a decision based on average rates.

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

More Rate Details

The chart below shows average Toyota Camry insurance rates for additional coverage choices and driver risks.

• The best discount rate is $808
• Raising to $1,000 deductibles will save about $194 a year
• The estimated price for a good driver age 40 using $500 deductibles is $1,412
• Using low deductibles will cost an additional $384 annually
• Drivers who are prone to accidents and violations could pay at least $3,066
• Policy cost that insures a 16-year-old driver can be $5,266

View Chart as Image

Car insurance rates for a Toyota Camry also range considerably based on the trim level and model year, how you drive, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you could be paying at least $1,700 to $2,300 extra every year, depending on your age. Insurance for high-risk drivers is expensive and can cost from 44% to 134% more than a normal policy. View High Risk Driver Rates

More mature drivers with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will be charged as much as $5,200 a year. View Rates by Age

Your home state also has a big influence on Toyota Camry insurance prices. A middle-age driver might find rates as low as $930 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,020 on average in Michigan, Louisiana, and New York.

View Chart as Image

Using high physical damage deductibles can reduce rates by up to $580 annually, whereas increasing liability limits will increase rates. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $396 extra every 12 months. View Rates by Deductible or Liability Limit

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 Cheapest Toyota Camry Insurance

Finding cheaper rates on insurance for a Toyota Camry consists of being a safe and courteous driver, having a positive credit history, avoid buying unnecessary coverage, and consideration of higher deductibles. Compare prices every time your policy renews by obtaining price quotes from direct carriers, and also from several local insurance agents.

Below is a recap of the information touched on in this article.

• Drivers can save up to $170 per year just by quoting online in advance
• Teenage drivers are the costliest to insure, costing up to $439 each month if full coverage is purchased
• Increasing comprehensive and collision deductibles can save approximately $575 each year
• Drivers considered higher risk that have major violations or accidents pay on average $1,650 more every year for auto insurance
• Insureds who may need higher levels of liability will pay an extra $430 each year to raise from a 30/60 limit to the 250/500 level

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.