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 for full coverage. Comprehensive insurance costs an estimated $294 a year, collision costs $570, and liability costs $390. Liability-only insurance costs as little as $452 a year, with high-risk driver insurance costing $3,066 or more. Teen drivers pay the most at $5,266 a year or more.

Average premium for full coverage: $1,412

Premium estimates broken down by type of coverage:

Prices include $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Rates include averaging for all states and Camry trim levels.

Insurance Price Range by Risk and Coverage

Insurance Price Range by Location

Your location can make a big difference on insurance rates. More rural locations are statistically proven to have lower incidents of accident claims than larger metro areas.

The diagram below illustrates how location impacts insurance prices.

These rate differences show why it is important to compare rates for a targeted area, instead of making a decision based on price averages.

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

Additional Charts and Tables

The chart below shows estimated Toyota Camry insurance rates for other coverage scenarios.

• The lowest rate with discounts is $808
• Drivers who choose higher $1,000 deductibles will pay approximately $1,218 a year
• The estimated price for a 40-year-old good driver who has $500 deductibles is $1,412
• Choosing low $100 deductibles for comprehensive and collision insurance will cost an additional $384 annually
• Drivers with multiple violations and an at-fault accident could pay up to $3,066 or more
• An auto insurance policy that insures a 16-year-old driver can cost as much as $5,266 a year

View Chart as Image

Insurance prices for a Toyota Camry also have a wide range based on the trim level of your Camry, how you drive, and liability limits and deductibles.

If you have a few violations or you caused an accident, you could be paying $1,700 to $2,300 additional annually, depending on your age. A high-risk auto insurance policy can cost from 44% to 134% more than average. View High Risk Driver Rates

Older drivers with no violations or accidents and higher comprehensive and collision deductibles may pay as low as $1,300 per year on average, or $108 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records should be prepared to pay at least $5,200 a year. View Rates by Age

Where you choose to live makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $930 a year in states like Iowa, Maine, and Idaho, or as much as $2,020 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing high deductibles could save up to $580 annually, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $396 more each year. View Rates by Deductible or Liability Limit

With such a large range in prices, the only way to know which insurance company is cheapest is to get quotes from multiple companies. Every company uses a different rate calculation, and prices 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 Right Toyota Camry Insurance

Finding better rates on insurance for a Toyota Camry not only requires being safe and accident-free, but also having a good credit score, not filing small claims, and maximizing policy discounts. Shop around every other policy renewal by requesting rates from direct carriers, and also from your local independent and exclusive agents.

Below you'll find a quick rundown of the ideas that were touched on above.

• Youthful drivers are expensive to insure, as much as $439 per month if comprehensive and collision insurance is included
• Drivers considered higher risk with reckless driving or DUI convictions may pay on average $1,650 more annually than a low-risk driver
• Increasing policy deductibles can save approximately $575 each year
• Drivers can save approximately $170 per year simply by quoting early and online

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.