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.

U.S. average insurance rates for a Toyota Camry are $1,404 a year with full coverage. Comprehensive costs on average $282 each year, collision insurance costs $566, and liability insurance costs around $398. Liability-only coverage costs as low as $460 a year, and high-risk coverage costs around $3,054. Teen drivers pay the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Price estimates by individual coverage:

Prices are based on $500 deductibles, liability coverage up to 30/60, and includes medical and uninsured motorist coverage. Estimates are averaged for all U.S. states and Camry models.

Price Range from Low to High

Geographic Price Range

Where you live has a significant impact on auto insurance rates. Rural areas have lower incidents of collision claims than larger metro areas. The graphic below illustrates how location impacts car insurance rates.

The ranges above demonstrate why all drivers should compare prices based on a specific location, rather than relying on price averages.

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

Detailed Rate Analysis

The chart below details average 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 annually
• The estimated price for the average middle-age driver with $500 deductibles is $1,404
• Choosing low deductibles for physical damage coverage bumps up the cost to $1,780
• Drivers with multiple violations and an at-fault accident could pay upwards of $3,054
• The price that insures a teen driver may cost $5,272 or more

View Chart as Image

Auto insurance prices for a Toyota Camry are also quite variable based on the trim level and model year, your age and driving habits, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you may be forking out at a minimum $1,700 to $2,300 in extra premium each year, depending on your age. Insurance for high-risk drivers can be anywhere from 44% to 135% more than average. View High Risk Driver Rates

More mature drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,300 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will have to pay upwards of $5,200 a year. View Rates by Age

The state you live in has a huge impact on Toyota Camry insurance rates. A driver around age 40 might see prices as low as $1,010 a year in states like New Hampshire, Ohio, and Utah, or as much as $1,900 on average in Florida, Michigan, and New York.

View Chart as Image

Choosing high deductibles could cut prices by as much as $570 each year, whereas increasing liability limits will cost you more. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $405 extra every year. 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 Affordable Toyota Camry Insurance

Getting lower rates on Toyota Camry insurance requires not taking risks behind the wheel, maintaining a good credit score, avoid buying unnecessary coverage, and deciding if full coverage is necessary. Shop around every time your policy renews by requesting rates from direct companies, and also from several local insurance agents.

The following is a brief review of the information touched on above.

• You may be able to save as much as $170 per year just by quoting online in advance
• Teens are charged the highest prices, costing up to $439 a month if the policy includes full coverage
• Increasing physical damage deductibles can save approximately $575 each year
• High-risk drivers with DUI or reckless driving convictions pay on average $1,650 more each year for Camry insurance
• Drivers who require higher liability limits will pay about $440 every year to increase from a low 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.