Toyota Camry Auto Insurance (2024)
Toyota Camry insurance costs approximately $120 per month, but your rates can vary based on age, ZIP code, and driving record. The best way to find the cheapest rates is to compare quotes from multiple auto insurance companies.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Oct 18, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 18, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- The average Toyota Camry insurance rates are $1,448 per year or around $120 per month
- If you drive a brand new Toyota Camry, your rates will average between $1,600-$1,700 per year
- Your age, gender, driving record, and ZIP code will all impact how much you pay for insurance on a Toyota Camry
The Toyota Camry is one of the safest and most popular vehicles on the road, meaning you can save money on auto insurance if you drive one. Insurance for a Toyota Camry costs around $120 per month or $1,448 per year, but you can get even lower rates if you drive an older model.
Insurance costs for a Toyota Camry ultimately depend on where you live and other factors. For example, cities with bigger populations will have higher auto insurance quotes than neighborhoods in smaller cities.
This guide compares Toyota Camry insurance quotes from different companies to give you an idea of what you can expect to pay. Keep reading to learn how Toyota Camry auto insurance compares to other sedans and find easy ways to save money on car insurance.
How much does it cost to insure a Toyota Camry?
Toyota Camrys are among the most economical cars on the market. With an MSRP of $25,395 and exceptionally high safety ratings, insurance companies like the Camry for its durability and cheap repair costs. This translates to more affordable auto insurance rates for Camry drivers.
Are Toyotas expensive to insure? No. As mentioned above, the average Toyota Camry insurance cost per month is $120, saving you around $300 on car insurance every year if you drive one.
In a side-by-side comparison with other popular sedans, Toyotas are among the cheapest cars to insure. This table shows how the Camry’s rates compare to Chevrolet Cruze insurance rates and more:
Vehicle Make and Model Annual Auto Insurance Rates
Toyota Camry $1,448
Chevrolet Cruze $1,578
Honda Accord $1,635
Nissan Altima $1,740
Hyundai Sonata $1,752
Ford Fusion $1,769
Insurance for some of the other sedans costs over $300 more per year than the Camry. This may not seem like much, but if you’re a young driver or have an accident on your record, these costs start to add up.
What impacts the cost of Toyota Camry insurance?
Your driving record will have the biggest impact on your Toyota Camry insurance costs. Accidents, speeding tickets, and DUI charges make you a higher risk to insure, and insurance companies will raise your rates.
Age and gender have the next most significant effect on your rates. This table shows how much rates vary for younger drivers and between males and females:
Age and Gender Average Annual Auto Insurance Rates
17-year-old female $6,981.69
17-year-old male $8,330.16
25-year-old female $3,051.96
25-year-old male $3,235.09
35-year-old female $2,494.16
35-year-old male $2,563.70
60-year-old female $2,322.62
60-year-old male $2,447.32
As you can see, teen drivers pay much higher rates based on the risk associated with their age and inexperience on the road. Fortunately, there are things you can do to lower your Toyota Camry insurance rates.
While you may not be able to age any faster, you can choose a Camry trim with more affordable rates. The year and trim you choose can impact your total price for Toyota Camry auto insurance coverage. Keep in mind that Toyota Camry auto insurance rates are higher for newer models.
For example, annual auto insurance for a 2020 Toyota Camry costs $1,645, while rates for a 2011 Toyota Camry can be as low as $800 per year. So, save money where you can by buying an older model.
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What are the best auto insurance companies for a Toyota Camry?
The easiest way to save money on Toyota Camry insurance is by comparing rates from multiple companies. This can help you find the average cost similar drivers in your area are paying and give you some bargaining power when you’re ready to buy a policy.
Get started by comparing Toyota Camry insurance quotes by company in the table below:
Auto Insurance Company Annual Insurance Rates
USAA $1,228
Geico $1,245
Nationwide $1,282
Erie $1,290
State Farm $1,307
Progressive $1,316
American Family $1,485
21st Century $1,488
Allstate $1,500
USAA and Geico offer the cheapest Toyota Camry insurance rates. However, USAA is only available to active and retired military members and their families.
The rates above are just averages, and you may get different quotes depending on your driving record. Remember, one accident can double your rates and you may find more affordable coverage for your Camry from auto insurance companies with accident forgiveness.
How to Save Money on Toyota Camry Insurance
Toyota Camrys are not expensive to insure. The average Toyota Camry insurance cost per month is $120, but you may see higher-than-average auto quotes if you’re a teen driver or have an accident on your driving record. You can keep your rates as low as possible by buying an older model.
You can also compare Camry insurance costs to other Toyota models. For example, researching Toyota Corolla insurance and the best car insurance companies for a Toyota 4Runner might help you make a more informed purchasing decision regarding the Camry.
Another way to reduce your Toyota insurance rates is by asking about auto insurance discounts. Since the Camry has some of the highest safety ratings, you might be able to earn a percentage off your rates for safety features and additional anti-theft devices.
Finally, always compare auto insurance quotes from at least three companies before you buy a policy. Each insurer rates your risk differently, and you may find more affordable Toyota Camry insurance with a local company over national insurers.
Frequently Asked Questions
How much does it cost to insure a Toyota Camry?
On average, the cost of insuring a Toyota Camry is around $120 per month or $1,448 per year. The actual rates may vary depending on factors such as age, ZIP code, and driving record.
Are Toyotas expensive to insure?
No, Toyotas, including the Camry, are generally not expensive to insure. In fact, the average monthly insurance cost for a Toyota Camry is $120, which can result in annual savings of about $300 compared to other cars.
What factors impact the cost of Toyota Camry insurance?
The cost of Toyota Camry insurance is influenced by several factors. The most significant factor is your driving record, including accidents, speeding tickets, and DUI charges. Age and gender also play a role, with younger drivers and males generally paying higher rates.
What are the best auto insurance companies for a Toyota Camry?
To find the best auto insurance rates for a Toyota Camry, it’s recommended to compare quotes from multiple companies. Based on average rates, USAA and Geico offer some of the cheapest insurance options for Camry drivers.
How can I save money on Toyota Camry insurance?
There are several ways to save money on Toyota Camry insurance. Buying an older model can result in lower rates, as newer models tend to have higher insurance costs. Additionally, asking about discounts for safety features and anti-theft devices, and comparing quotes from different companies can help you find more affordable coverage.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.