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.

Average insurance rates for a Toyota Camry are $1,404 a year for full coverage insurance. Comprehensive insurance costs around $282, collision insurance costs $566, and liability costs $398. Liability-only coverage costs as little as $460 a year, and high-risk coverage costs $3,054 or more. Teen drivers receive the highest rates at up to $5,272 a year.

Average premium for full coverage: $1,404

Rate estimates for individual coverage type:

These estimates include $500 deductible amounts, 30/60 bodily injury liability limits, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 states and for different Camry trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on car insurance rates. Areas with sparse population tend to have a lower frequency of physical damage claims than larger metro areas. The price range example below illustrates the difference location can make on auto insurance rates.

These examples illustrate why anyone shopping for car insurance should compare rates for a specific zip code and risk profile, instead of making a decision based on price averages.

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

Detailed Rate Analysis

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

• The lowest rate with discounts is $801
• Drivers who choose higher $1,000 deductibles will pay about $192 each year
• The average rate for a 40-year-old driver using $500 deductibles is $1,404
• Choosing more expensive low deductibles for comprehensive and collision insurance will cost an extra $376 annually
• Drivers with multiple violations and an at-fault accident could pay at least $3,054
• The cost for full coverage for a 16-year-old driver with full coverage can be $5,272 a year

View Chart as Image

Car insurance rates for a Toyota Camry can also vary considerably based on your driver profile, the model year and trim level, and deductibles and policy limits.

An older driver with no driving violations and high deductibles may pay as low as $1,300 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers will be charged as much as $5,200 a year. View Rates by Age

Where you live makes a big difference in Toyota Camry insurance prices. A 40-year-old driver could pay as low as $920 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $1,900 on average in Michigan, New York, and Florida.

View Chart as Image

Choosing high deductibles could save up to $570 annually, while increasing your policy's liability limits will increase rates. Switching from a 50/100 limit to a 250/500 limit will cost as much as $405 extra every 12 months. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at least $1,700 to $2,300 extra per year, depending on your age. High-risk driver insurance can cost from 44% to 135% more than average. View High Risk Driver Rates

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 Cheap Toyota Camry Insurance

Saving money on insurance for a Toyota Camry not only requires having a good driving record, but also having above-average credit, avoid buying unnecessary coverage, and consideration of higher deductibles. Make time to compare rates at every other renewal by requesting quotes from direct insurance companies like GEICO and Progressive, and also from local exclusive and independent agents.

The next list is a brief summary of the concepts that were touched on in this article.

• Drivers considered higher risk that tend to have accidents or serious violations may pay on average $1,650 more every year to buy Toyota Camry insurance
• Drivers age 20 and younger are the costliest to insure, costing up to $439 per month if full coverage is included
• It is possible to save up to $170 per year just by shopping early and online
• Increasing deductibles can save around $575 each year
• It is possible to save up to $170 per year just by shopping 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.