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 prices for a Toyota Camry are $1,404 every 12 months for full coverage insurance. Comprehensive costs on average $282, collision insurance costs $566, and liability is estimated at $398. Liability-only insurance costs approximately $460 a year, and high-risk driver insurance costs around $3,054. Teenage drivers pay the most at up to $5,272 a year.

Average premium for full coverage: $1,404

Premium estimates by type of coverage:

Prices include $500 deductibles, 30/60 liability limits, and includes uninsured/under-insured motorist coverage. Rates include averaging for all 50 states and for different Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Living in a larger city can have significant affects on insurance rates. Rural areas are statistically proven to have more infrequent physical damage claims than densely populated cities. The price range example below illustrates how rural and urban location affects car insurance rates.

These rate differences illustrate why anyone shopping for car insurance should get quotes based on a specific location and their own driving history, instead of using average rates.

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

More Rate Information

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

• The best discount rate is $801
• Choosing higher $1,000 deductibles can save around $192 each year
• The average price for a 40-year-old good driver with $500 deductibles is $1,404
• Using more expensive low deductibles for comp and collision coverage increases the price to $1,780
• Unlucky drivers who are prone to accidents and violations could pay upwards of $3,054
• An auto insurance policy to insure a teen driver with full coverage may cost $5,272 each year

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on physical damage deductibles and liability limits, your risk profile, and the trim level of your Camry.

Using high physical damage deductibles can save as much as $570 every year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 liability limit to a 250/500 limit will cost up to $405 more each year. View Rates by Deductible or Liability Limit

An older driver with no violations or accidents and higher deductibles may pay as little as $1,300 annually on average, or $108 per month, for full coverage. Prices are much higher for drivers in their teens, since even excellent drivers should be prepared to pay upwards of $5,200 a year. View Rates by Age

If you have a few violations or you were responsible for an accident, you are probably paying at a minimum $1,700 to $2,300 additional annually, depending on your age. High-risk driver insurance ranges as much as 44% to 135% more than a normal policy. View High Risk Driver Rates

Where you choose to live plays a big part in determining prices for Toyota Camry insurance prices. A good driver about age 40 could pay as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or be forced to pay as much as $1,900 on average in Michigan, New York, and Florida.

View Chart as Image

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 Shop for the Right Toyota Camry Insurance

Finding better rates on car insurance takes not taking risks behind the wheel, having above-average credit, paying for small claims out-of-pocket, and dropping full coverage on older vehicles. Set aside time to shop around at every policy renewal by requesting rates from direct insurance companies, and also from several local insurance agents.

The following is a quick rundown of the data raised in the charts and tables above.

• Policyholders who require higher liability limits will pay an extra $440 annually to raise limits from 30/60 bodily injury limits to a 250/500 level
• It is possible to save as much as $170 per year just by shopping early and online
• Increasing policy deductibles could save as much as $575 each year
• Teens pay higher prices, with premiums being up to $439 per month if full coverage is included

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.