Best Toyota Camry Car Insurance in 2024 (Compare the Top 10 Companies)
State Farm, Geico, and Progressive offer the best Toyota Camry car insurance with competitive rates starting around $105 per month. These top providers excel in coverage options, discounts, and customer service, ensuring optimal protection and value for Toyota Camry owners. Discover why these companies stand out.
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Daniel Walker
Licensed 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...
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UPDATED: Aug 9, 2024
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UPDATED: Aug 9, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Among these, State Farm stands out as the top choice, providing extensive coverage options and excellent customer service. Geico and Progressive also offer competitive rates and valuable discounts, positioning them as strong contenders for cheap car insurance.
Our Top 10 Company Picks: Best Toyota Camry Car Insurance
Company Rank Multi-Policy Discount A.M. Best Best For Jump to Pros/Cons
#1 17% B Reliable Service State Farm
#2 25% A++ Affordable Rates Geico
#3 15% A+ Customizable Plans Progressive
#4 10% A+ Safe Drivers Allstate
#5 15% A++ Military Families USAA
#6 12% A Add-on Options Liberty Mutual
#7 10% A Customer Service Farmers
#8 20% A+ Loyalty Benefits Nationwide
#9 15% A Family Plans American Family
#10 13% A++ Reliable Coverage Travelers
When selecting the ideal insurance, consider these top providers to find the best balance of cost and coverage. You can start comparing quotes for Toyota Camry car insurance rates from some of the best car insurance companies by using our free online tool now.
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#1 – State Farm: Top Overall Pick
Pros
- Extensive Coverage Options: Offers a comprehensive range of coverage options for Toyota Camry, including liability, collision, comprehensive, medical payments, and uninsured/underinsured motorist coverage, as highlighted in the State Farm car insurance review.
- Discounts: State Farm offers multiple discounts that can help reduce your premiums for Toyota Camry. These include multi-policy discounts, safe driver discounts, good student discounts, and discounts with safety features.
- Roadside Assistance: Provides optional roadside assistance coverage for Toyota Camry, offering peace of mind with services like towing, fuel delivery, and locksmith services.
Cons
- Higher Premiums: State Farm’s premiums for Toyota Camry tend to be higher compared to some competitors, which may not be ideal for budget-conscious consumers.
- Limited Online Tools: While they offer online tools, some Toyota Camry owners find them less user-friendly and lacking in functionality compared to other providers.
#2 – Geico: Best for Competitive Rates
Pros
- Competitive Rates: Geico is known for offering some of the most competitive rates in the industry, making it a popular choice for Toyota Camry owners looking to save on insurance.
- Discounts: Geico offers a wide range of discounts for Toyota Camry, including those for military personnel, federal employees, safe drivers, and multi-policy holders. These discounts can significantly reduce your overall insurance costs for Toyota Camry.
- Usage-Based Insurance: The DriveEasy program allows you to potentially save money based on your driving habits with Toyota Camry, offering a personalized insurance experience.
Cons
- Fewer Local Agents: Unlike some competitors, Geico has fewer local agents available for in-person service, which might be a drawback if you prefer face-to-face interactions.
- Mixed Customer Service Reviews: While many customers are satisfied with Geico’s service, there are reports of inconsistent experiences, particularly regarding claim handling for Toyota Camry, as noted in the Geico car insurance review.
#3 – Progressive: Best for Snapshot Program
Pros
- Snapshot Program: Progressive’s usage-based insurance program, Snapshot, can lead to significant savings for safe drivers by monitoring driving habits and adjusting rates accordingly for Toyota Camry.
- Comprehensive Coverage: Progressive offers a wide range of coverage options tailored for Toyota Camry owners, including gap insurance and pet injury coverage.
- Discounts: Numerous discounts are available for Toyota Camry, such as those for bundling policies, safe driving, continuous insurance, and even discounts for signing up online, as mentioned in the Progressive Car Insurance Discounts.
Cons
- Average Customer Service: Customer service experiences for Toyota Camry can vary, with some customers reporting issues with responsiveness and claims handling.
- Higher Rates for High-Risk Drivers: Progressive’s rates can be higher for drivers with a poor driving history or those deemed high-risk with Toyota Camry.
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#4 – Allstate: Best for Extensive Coverage Options
Pros
- Extensive Coverage Options: Allstate offers a broad range of coverage options for Toyota Camry, including liability, collision, comprehensive, and optional add-ons like sound system coverage and new car replacement.
- Discounts: Allstate offers various discounts, such as safe driver discounts, new car discounts, multi-policy discounts, and discounts for Toyota Camry with advanced safety features, as noted in the Allstate car insurance review.
- Drivewise Program: This usage-based insurance program rewards safe driving habits with potential discounts and provides feedback on your driving behavior with Toyota Camry.
Cons
- Higher Premiums: Allstate generally has higher premiums compared to some other insurance providers, which might not be suitable for budget-conscious drivers of Toyota Camry.
- Mixed Claims Experience: Some customers report dissatisfaction with the claims process for Toyota Camry, citing delays and difficulties in getting claims approved and processed.
#5 – USAA: Best for Competitive Rates
Pros
- Competitive Rates: USAA often offers some of the lowest rates for Toyota Camry insurance, providing great value for military families.
- Discounts: A wide range of discounts are available for Toyota Camry, including those for safe driving, bundling policies, vehicle storage, and loyalty. Military-specific discounts are also offered.
- Comprehensive Coverage: USAA provides extensive coverage options tailored for the needs of military members and their families, including worldwide coverage for those deployed overseas.
Cons
- Eligibility Restrictions: USAA insurance is only available to military members, veterans, and their families, limiting access to a broader audience for Toyota Camry, as detailed in the USAA car insurance review.
- Limited Local Presence: USAA has fewer local offices and agents, which might be a drawback for those who prefer in-person interactions for Toyota Camry.
#6 – Liberty Mutual: Best for Customizable Policies
Pros
- Customizable Policies: Liberty Mutual offers a variety of coverage options that can be tailored to meet the specific needs of Toyota Camry owners, according to Liberty Mutual car insurance review.
- Accident Forgiveness: Liberty Mutual’s accident forgiveness program ensures that your rates won’t increase after your first accident with Toyota Camry.
- Discounts: Multiple discounts are available for Toyota Camry, including those for multi-policy holders, safe drivers, new car owners, and vehicles with advanced safety features.
Cons
- Higher Premiums: Liberty Mutual’s premiums for Toyota Camry are generally higher than some of their competitors.
- Mixed Customer Service Reviews: Customer experiences with service and claims handling for Toyota Camry can be inconsistent, with some customers reporting dissatisfaction.
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#7 – Farmers: Best for Extensive Coverage Options
Pros
- Extensive Coverage Options: Farmers provides a wide range of coverage options for Toyota Camry, including standard coverages and optional add-ons like customized equipment coverage and rideshare coverage.
- Discounts: Farmers offers several discounts for Toyota Camry, including those for safe drivers, good students, multi-policy holders, and vehicles with safety features.
- Accident Forgiveness: Farmers provides accident forgiveness for Toyota Camry, ensuring your rates won’t increase after your first accident.
Cons
- Higher Rates: Farmers tends to have higher premiums compared to some other providers, which may not be ideal for all customers of Toyota Camry,
- as noted in the Farmers car insurance review.
- Limited Online Tools: Some customers find Farmers’ online tools less user-friendly and lacking in features compared to competitors.
#8 – Nationwide: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Nationwide’s Vanishing Deductible program rewards safe driving by reducing your deductible over time for Toyota Camry.
- Wide Range of Coverage Options: Offers comprehensive coverage options for Toyota Camry, including standard coverages and add-ons like gap insurance and total loss deductible waiver.
- Discounts: Multiple discounts are available for Toyota Camry, such as those for safe drivers, multi-policy holders, good students, and vehicles with safety features, as highlighted in the Nationwide Car Insurance Discounts.
Cons
- Average Customer Service: Customer service experiences can be mixed for Toyota Camry, with some customers reporting issues with responsiveness and claims handling.
- Higher Rates for Some Drivers: Nationwide’s rates can be higher for drivers with less-than-perfect driving records or those in high-risk categories with Toyota Camry.
#9 – American Family: Best for Comprehensive Coverage Options
Pros
- Comprehensive Coverage Options: Offers a wide range of coverage options for Toyota Camry, including standard coverages and optional add-ons like gap insurance and accidental death coverage.
- Discounts: Numerous discounts are available for Toyota Camry, such as those for multi-policy holders, good students, safe drivers, and loyalty discounts, according to the American Family car insurance review.
- KnowYourDrive Program: American Family’s usage-based insurance program rewards safe driving habits with potential discounts for Toyota Camry.
Cons
- Higher Premiums: American Family’s premiums for Toyota Camry can be higher than some competitors, which might not be ideal for budget-conscious drivers.
- Limited Availability: American Family insurance is not available in all states, which can limit accessibility for some customers with Toyota Camry.
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#10 – Travelers: Best for Extensive Coverage Options
Pros
- Extensive Coverage Options: Travelers offers a broad range of coverage options for Toyota Camry, including liability, collision, comprehensive, gap insurance, and new car replacement.
- Discounts: Travelers provides multiple discounts for Toyota Camry, such as those for multi-policy holders, safe drivers, good students, and hybrid/electric vehicle owners.
- IntelliDrive Program: This usage-based insurance program monitors your driving behavior with Toyota Camry and can lead to discounts for safe driving habits.
Cons
- Higher Rates: Travelers’ premiums tend to be higher compared to some competitors for Toyota Camry, according to Travelers car insurance review.
- Mixed Customer Service: Customer service experiences with Travelers can vary, with some customers reporting issues with responsiveness and claim handling for Toyota Camry.
Toyota Camry Insurance Costs: Key Factors and Provider Comparisons
Choosing the right insurance for your Toyota Camry involves understanding the costs and coverage options available. With varying rates from different providers, it’s crucial to compare what each offers to ensure you get the best value for your money.
In this guide, we break down the insurance costs for Toyota Camry, highlighting key factors that influence pricing and the top providers that offer the best coverage and rates. Explore our detailed analysis on “Car Insurance Comparison | Compare Car Insurance Quotes” for additional information.
Toyota Camry Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $55 $140
American Family $57 $127
Farmers $53 $138
Geico $35 $105
Liberty Mutual $48 $135
Nationwide $47 $125
Progressive $50 $130
State Farm $45 $120
Travelers $52 $132
USAA $40 $110
The average Toyota Camry car insurance rates are $1,432 a year or $119 a month.
Finding affordable and comprehensive insurance for your Toyota Camry can make a significant difference in your overall driving experience. By comparing the costs and coverage options of top providers, you can secure a policy that meets your needs without breaking the bank. Evaluate your choices carefully and choose the insurance that provides the best balance of cost and protection for your Toyota Camry.
Insurance Costs for Toyota Camrys: An Overview
Understanding the insurance costs for Toyota Camrys helps you make an informed decision when choosing your coverage. Factors such as the vehicle’s safety features, repair costs, and overall value play a significant role in determining insurance premiums.
By exploring different insurance providers and their rates, you can find the best coverage that fits your budget and needs. Get more insights by reading our expert “Compare Car Insurance by Coverage Type” advice.
The chart below details how Toyota Camry insurance rates compare to other sedans like the Chevrolet Impala, Kia Optima, and Dodge Charger.
| Vehicle | Comprehensive | Collision | Liability | Total |
| Toyota Camry | $308 | $594 | $372 | $1,432 |
| Chevrolet Impala | $280 | $532 | $372 | $1,342 |
| Kia Optima | $322 | $532 | $420 | $1,454 |
| Dodge Charger | $376 | $626 | $466 | $1,668 |
| Ford Focus | $244 | $536 | $398 | $1,336 |
| Chrysler 300 | $332 | $626 | $398 | $1,514 |
| Honda Accord | $280 | $500 | $372 | $1,310 |
However, there are a few things you can do to find the cheapest Toyota insurance rates online.
Read more: Compare Kia Car Insurance Rates
In summary, Toyota Camry insurance costs vary depending on several factors, including your choice of provider and coverage options. Comparing quotes and evaluating policy features will help you secure the most affordable and comprehensive insurance for your Toyota Camry. Make sure to review and adjust your policy as needed to ensure you’re getting the best value for your money.
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Factors Affecting the Cost of Toyota Camry Insurance
The trim level and model of your Toyota Camry play a significant role in determining the overall cost of your insurance coverage. Different trims and models come with varying features, safety ratings, and performance capabilities, which can all influence your car insurance premiums.
For example, higher trims with advanced technology or enhanced performance capabilities may result in higher insurance costs due to increased repair expenses or higher risk profiles. Understanding how each trim and model affects insurance rates can help you make an informed decision when choosing the right Toyota Camry for both your driving needs and budget.
Age of the Vehicle
Older Toyota Camry models generally cost less to insure. For example, car insurance for a 2020 Toyota Camry costs $1,432, while 2010 Toyota Camry insurance costs are $1,166, a difference of $266.
| Model Year | Comprehensive | Collision | Liability | Total |
| 2020 Toyota Camry | $308 | $594 | $372 | $1,432 |
| 2019 Toyota Camry | $294 | $570 | $390 | $1,412 |
| 2018 Toyota Camry | $282 | $566 | $398 | $1,404 |
| 2017 Toyota Camry | $272 | $552 | $416 | $1,398 |
| 2016 Toyota Camry | $262 | $530 | $430 | $1,380 |
| 2015 Toyota Camry | $248 | $512 | $442 | $1,360 |
| 2014 Toyota Camry | $238 | $474 | $452 | $1,322 |
| 2013 Toyota Camry | $230 | $446 | $456 | $1,290 |
| 2012 Toyota Camry | $220 | $400 | $460 | $1,238 |
| 2011 Toyota Camry | $206 | $368 | $460 | $1,192 |
| 2010 Toyota Camry | $198 | $346 | $464 | $1,166 |
Driver Age
Driver age can have a significant impact on the cost of Toyota Camry auto insurance. For example, 20-year-old drivers pay as much as $1,814 more each year for their Toyota Camry auto insurance than 40-year-old drivers.
Driver Location
Where you live can have a large impact on Toyota Camry insurance rates. For example, drivers in Los Angeles may pay $788 a year more than drivers in Phoenix.
Your Driving Record
Your driving record can have an impact on the cost of Toyota Camry auto insurance. Teens and drivers in their 20’s see the highest jump in their Toyota Camry auto insurance rates with violations on their driving record.
Toyota Camry Safety Ratings
Your Toyota Camry car insurance rates are tied to the safety ratings of the Toyota Camry. See the breakdown below:
| Test Type | Rating |
| 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 |
| Source: Insurance Institute for Highway Safety | |
Toyota Camry Crash Test Ratings
Good Toyota Camry crash test ratings can lower your Toyota Camry auto insurance rates. See Toyota Camry crash test results below:
| Vehicle Tested | Overall | Frontal | Side | Rollover |
| 2019 Toyota Camry Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2019 Toyota Camry 4 DR FWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2018 Toyota Camry Hybrid 4 DR FWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2018 Toyota Camry 4 DR FWD | 5 stars | 5 stars | 5 stars | 5 stars |
| 2017 Toyota Camry HV 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2017 Toyota Camry 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2016 Toyota Camry HV 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 2016 Toyota Camry 4 DR FWD | 5 stars | 4 stars | 5 stars | 4 stars |
| 1-5 Star Rating Scale, N/R = No Rating | Source: National Highway Traffic Safety Administration | ||||
|---|---|---|---|---|
Toyota Camry Safety Features
Having a variety of safety features on your Toyota Camry can help lower your Toyota Camry insurance costs. The Toyota Camry’s safety features include:
- Driver Air Bag
- 4-Wheel ABS
- Brake Assist
- Electronic Stability Control
- Child Safety Locks
Toyota Camry Insurance Loss Probability
The lower percentage means lower Toyota Camry auto insurance rates; higher percentages mean higher Toyota Camry car insurance rates. The Toyota Camry’s insurance loss probability varies for each form of coverage.
| Insurance Coverage Category | Loss Rate |
| Collision | 10% |
|---|---|
| Property Damage | -6% |
| Comprehensive | 2% |
| Personal Injury | 48% |
| Medical Payment | 45% |
| Bodily Injury | 7% |
| Source: Insurance Institute for Highway Safety | |
Understanding the factors that affect the cost of Toyota Camry insurance can help you make informed decisions about your coverage and potentially lower your premiums.
By considering elements like trim level, safety features, and driving habits, you can better manage your insurance costs and find the best coverage for your needs. Evaluating these factors ensures that you select a policy that provides both adequate protection and value.
Toyota Camry Finance and Insurance Cost
When financing a Toyota Camry, most lenders will mandate that you carry higher levels of coverage, including comprehensive insurance, to protect their financial interest in the vehicle.
It’s important to carefully shop around and compare insurance rates to find the best deal for your specific needs. Utilize our FREE tool below to access quotes from top insurance providers and ensure you secure a policy that offers both the required coverage and the best value for your Toyota Camry.
Strategies to Reduce Toyota Camry Insurance Costs
Finding ways to save on Toyota Camry insurance is crucial for keeping your costs manageable. By exploring various options, you can lower your premiums while ensuring adequate coverage. This guide will provide practical strategies to help you find affordable insurance for your Toyota Camry.
You have more options at your disposal to save money on your Toyota Camry car insurance costs. For example, try these five tips:
- Ask About Usage-Based Insurance for Your Toyota Camry
- Ask for a Higher Deductible for Your Toyota Camry Insurance Policy
- Consider Renting a Car Instead of Buying a Second Toyota Camry
- Drive Your Toyota Camry Safely
- Ask About Discounts for People with Disabilities
Implementing these strategies can significantly reduce your Toyota Camry insurance costs while maintaining the coverage you need. Compare rates and discounts from different insurers to find the best deal and start saving today. For more information, explore our informative “16 Ways to Lower the Cost of Your Insurance” page.
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Top Toyota Camry Insurance Companies
Determining the leading car insurance provider for Toyota Camry insurance rates involves evaluating several factors that can influence your premium. While the rates you pay will vary based on individual circumstances, certain companies stand out for their competitive offers and broad market presence.
Here are some of the top insurers providing Toyota Camry auto insurance coverage, listed by market share. Many of these companies recognize the value of Toyota Camry’s safety features and security systems by offering discounts that can further reduce your insurance costs. Dive deeper into “Car Insurance Company Comparison” with our complete resource.
| Rank | Company | Volume | Market Share |
| 1 | State Farm | $65,615,190 | 9.3% |
| 2 | Geico | $46,106,971 | 6.6% |
| 3 | Progressive | $39,222,879 | 5.6% |
| 4 | Liberty Mutual | $35,600,051 | 5.1% |
| 5 | Allstate | $35,025,903 | 5.0% |
| 6 | Travelers | $28,016,966 | 4.0% |
| 7 | USAA | $23,483,080 | 3.3% |
| 8 | Chubb | $23,388,385 | 3.3% |
| 9 | Farmers | $20,643,559 | 2.9% |
| 10 | Nationwide | $18,442,145 | 2.6% |
| Source: Insurance Information Institute | |||
Choosing the right car insurance for your Toyota Camry means considering top providers and available discounts. By comparing offers and leveraging discounts for safety features, you can find the best coverage at the most competitive rates. Use the information provided to make an informed decision and secure the best insurance for your Toyota Camry
Compare Free Toyota Camry Insurance Quotes Online
Discover the best rates for your Toyota Camry by comparing free insurance quotes online. Using our comprehensive tool, you can easily evaluate quotes from top insurers and find the coverage that best fits your needs. Save time and money by exploring various options and selecting the policy that offers the best value for your Toyota Camry.
Take advantage of our free online comparison tool to find the most competitive Toyota Camry insurance quotes available. By comparing rates and coverage options, you ensure you get the best deal and protection for your vehicle. Learn more by visiting our detailed “Finding Free Car Insurance Quotes Online” section.
Start your search now and secure the best insurance for your Toyota Camry. You can start comparing quotes for Toyota Camry auto insurance rates from some of the best auto insurance companies by using our free online tool now.
Manufacturer’s Suggested Retail Price (MSRP) for the Toyota Camry
When we talk about a vehicle’s MSRP, we are talking about the manufacturer’s suggested retail price, or what the car company thinks the dealership should be charging for the car. This impacts your insurance prices because a higher MSRP means a higher replacement cost for a new vehicle in the event of an accident.
The 2020 Toyota Camry L has an MSRP of $25,380, making it the base model, while higher trims like the XLE or XSE can exceed $30,000. The Camry holds its value well, with the 2019 model priced at about $25,050. For new Camry buyers, comprehensive and collision insurance is essential, especially if you have a car loan, as lenders often require these coverages. Failure to maintain insurance could lead to the lender purchasing it for you at your expense. This is called forced-placed insurance.
Annual Estimated Full Coverage Car Insurance Rate by Make and Model
| Make and Model | Rates |
|---|---|
| Honda CR-V | $1,128 |
| Ford Escape | $1,158 |
| Toyota Prius | $1,274 |
| GMC Acadia | $1,280 |
| Dodge Ram | $1,292 |
| Honda Accord | $1,298 |
| Ford F-150 | $1,306 |
| Honda Pilot | $1,310 |
| Toyota RAV4 | $1,310 |
| Ford Focus | $1,344 |
| Toyota Corolla | $1,384 |
| Nissan Rogue | $1,400 |
| Hyundai Sonata | $1,412 |
| Toyota Camry | $1,412 |
| Nissan Altima | $1,424 |
| GMC Sierra | $1,438 |
| Kia Optima | $1,438 |
| Chevrolet Silverado | $1,468 |
| Ford Fusion | $1,468 |
| Honda Civic | $1,518 |
The table shows annual full coverage premiums for different vehicles, including $500 deductibles, a 40-year-old driver, and a clean record. Higher vehicle costs lead to higher replacement costs, resulting in increased comprehensive and collision rates. Discover our comprehensive guide to “Where can I easily finding quick car insurance quotes?” for additional insights.
How does the MSRP of the Toyota Camry affect collision car insurance rates?
The power and speed of your vehicle affect insurance rates, with high-performance cars costing more to insure. Powerful trucks and sports cars generally have higher premiums due to increased damage risks. The Toyota Camry, being a moderate vehicle, is relatively affordable to insure.
Toyota Camry Average Annual Car Insurance Rates by Model Year
Model Year Comprehensive Car Insurance Rates Collision Car Insurance Rates Liability Car Insurance Rates Average Annual Car Insurance Rates
2018 $282 $566 $398 $1,404
2017 $272 $552 $416 $1,398
2016 $262 $530 $430 $1,380
2015 $248 $512 $442 $1,360
The table shows average rates for all Toyota Camry models, which may appear high for lower trims and lower for higher trims. These rates are based on a 40-year-old male driver with full coverage, $500 deductibles, and a clean record. Collision insurance covers damage to your vehicle in at-fault accidents, and a lender may require it if you have a car loan.
How does the MSRP of a Toyota Camry affect comprehensive car insurance rates?
Toyota Camry Aveage Comprehensive Coverage Car Insurance Rates
| Model Year | Comprehensive Car Insurance Rates | Collision Car Insurance Rates |
|---|---|---|
| 2018 | $282 | $566 |
| 2017 | $272 | $552 |
| 2016 | $262 | $530 |
| 2015 | $248 | $512 |
The table shows average rates for all Toyota Camry models, with higher costs for luxury trims. Rates are for a 40-year-old driver with full coverage, $500 deductibles, and a clean record. Comprehensive insurance covers non-accident damages like hail, theft, and vandalism, and may be required by lenders if you’re financing.
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The Theft Rates of the Toyota Camry
Popular cars like the Toyota Camry are more prone to theft due to their widespread presence and high demand for parts. In 2018, the Camry ranked as the fifth most stolen vehicle, which can affect comprehensive insurance rates.
State Farm consistently delivers outstanding customer service and comprehensive coverage options, making it a top choice for Toyota Camry owners.
Brandon Frady Licensed Insurance Agent
Increased theft rates in your ZIP code can lead to higher insurance premiums, so it’s wise to check with your insurer about potential rate changes if you move and ask about discounts for anti-theft devices.
Repair Costs for Toyota Camry
One of the reasons the Camry is such a big seller each year is that Toyota has a reputation for making excellent cars. They don’t need repairs the way other cars often do, and often their repairs are much more affordable than other cars. RepairPal lists average annual cost for repairs and maintenance of $388, compared to an average of $526 for midsize cars and $652 for all vehicle models.
The table below shows the average cost of maintenance for a Toyota Camry over five years:
Average Toyota Camry Maintenance Costs by Age
| Age of Vehicle | Average Maintenance Costs |
|---|---|
| Year 1 | $80.00 |
| Year 2 | $159.00 |
| Year 3 | $583.00 |
| Year 4 | $341.00 |
| Year 5 | $1,493.00 |
While those numbers are helpful, you may also need to know the average cost of repairing a Camry if the car is damaged.
Average Toyota Camry Repair Costs by Body Part
| Repair Type | Front Bumper | Rear Bumper | Hood | Roof | Left Front Door | Left Rear Door | Front Left Fender | Left Quarter Panel |
|---|---|---|---|---|---|---|---|---|
| Body Labor | $115.20 | $115.20 | $72.00 | $72.00 | $118.80 | $108.00 | $72.00 | $72.00 |
| Paint Labor | $144.00 | $144.00 | $151.20 | $180.00 | $122.40 | $122.40 | $129.60 | $136.80 |
| Paint Supplies | $104.00 | $104.00 | $109.20 | $130.00 | $88.40 | $88.40 | $93.60 | $98.80 |
| Color Tint | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 |
| Haz Waste Disposal | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 | $5.00 |
| Color Sand and Buff | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 | $18.00 |
| Cover Car | - | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 |
| Total | $404.20 | $414.20 | $383.40 | $433.00 | $380.60 | $369.80 | $346.20 | $358.60 |
In the table above we’ve broken down the itemized cost of each type of repair, showing what portion of your overall repair cost goes to parts, labor, paint, waste disposal, etc.
Read More: Does car insurance cover paint jobs?
How does the cost of repairs affect collision and comprehensive car insurance rates?
As we’ve explained previously, collision insurance protects you by paying for damages to your vehicle if you’re at fault in an accident. Comprehensive, on the other hand, covers things that are nobody’s fault, such as weather damage and theft.
The more likely you are to file a claim for your Toyota Camry, the higher your insurance rates are likely to go. A clean driving record and a ZIP code with few reported car thefts will go a long way in reducing the cost of your car insurance.
Impact of Claim Frequency on Toyota Camry Insurance Rates
Insurance rates are typically determined by statistics and other data, so insurance companies pay close attention to the number of claims filed based on vehicle type each year. The more claims filed for a specific type of vehicle, the higher the insurance rates will be. Learn more by visiting our detailed “How do you file a car insurance claim?” section.
The table below shows claim frequency by vehicle type:
Car Insurance Claim Frequency by Vehicle Class
| Vehicle Type 2016-2018 Model Years | Claim frequency | Claim severity | Overall loss |
|---|---|---|---|
| Passenger cars and minivans | 8.4 | $5,949 | $501 |
| Pickups | 6.2 | 6,100 | 380 |
| SUVs | 6.5 | 6,045 | 393 |
| All passenger vehicles | 7.3 | $6,005 | $438 |
Keep in mind that this information is only ever available for used vehicles, so you won’t be able to look up these stats for newly released vehicles. Looking at the numbers above, it’s clear that having minimum liability coverage is an absolute necessity. Not only is it required by law in almost every state, but it’s also necessary to protect yourself financially in the event of an accident.
If you can afford it, raising your liability levels from state-required minimums, which could be as low as $10,000 in personal injury protection and $10,000 in property damage coverage, to the highest amount of coverage you can reasonably afford will protect your assets and provide peace of mind while driving.
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Toyota Camry Size and Class
The 2016-2018 Toyota Camry is considered a midsize, four-door car. The early models from the 1980s and 1990s were considered compact cars, but the Camry has grown in size over the years, moving into a bigger category. Continue reading our full “Multiple Policy Car Insurance Discounts” guide for extra tips.
In the table below, smaller numbers indicate better safety ratings.
Midsize Car Insurance Collision Losses
| Midsize Car Type | Collision Losses |
|---|---|
| Chevrolet Malibu | 15% |
| Chevrolet Malibu hybrid | 20% |
| Ford Fusion | 5% |
| Ford Fusion 4WD | 5% |
| Ford Fusion hybrid | 18% |
| Ford Fusion plug-in hybrid | 16% |
| Honda Accord | 4% |
| Honda Accord hybrid | -3% |
| Hyundai Sonata | 23% |
| Hyundai Sonata plug-in hybrid | 27% |
| Kia Optima | 15% |
| Mazda 6 | -5% |
| Subaru Legacy 4WD | -24% |
| Subaru Legacy 4WD with EyeSight | -30% |
| Toyota Camry | 14% |
| Toyota Mirai fuel cell | 19% |
| Volkswagen Jetta | 13% |
| Volkswagen Passat | -9% |
Typically, a larger vehicle provides better protection during a crash than a smaller vehicle. This is partly because the distance from the front of the vehicle to the driver in bigger cars and SUVs offers more protection in front-end collisions. Heavier vehicles also continue moving forward in a crash, subjecting the driver and passengers to less force than people traveling in a smaller car.
Improvements in design and technology have made almost every vehicle safer, but larger vehicles still have an advantage over smaller vehicles, even when those improvements are taken into account.
Vehicle Curb Weight Based on Shadow Size
| Curb weight | Shadow - 70-80 sq ft | Shadow - 81-90 sq ft | Shadow - 91-100 sq ft | Shadow - 101-110 sq ft | Shadow - > 110 sq ft |
|---|---|---|---|---|---|
| 2,001-2,500 lbs | Mini | Small | Small | Small | Midsize |
| 2,501-3,000 lbs | Small | Small | Midsize | Midsize | Midsize |
| 3,001-3,500 lbs | Small | Midsize | Midsize | Large | Large |
| 3,501-4,000 lbs | Small | Midsize | Large | Large | Very large |
| > 4,000 lbs | Midsize | Midsize | Large | Very large | Very large |
As you can see from the chart above, both the weight and overall size of a vehicle are considered when determining whether it’s small, midsize, large, or very large.
A vehicle’s shadow is its overall length times its width, measured in square feet. The wider frame is the biggest factor in re-categorizing the Camry as a midsize car in the 1990s.
How does the size of the Toyota Camry affect bodily injury liability car insurance rates?
Bodily injury liability insurance covers any injuries you may cause to another person if you’re at fault for an accident. The coverage is meant to pay for medical expenses, legal fees, and necessary compensation for lost wages and income, so even a small accident could end up with tens of thousands of dollars in bodily injury liability costs.
The Toyota Camry is actually rated better than average when it comes to bodily injury insurance losses, making it a safer car to drive and a cheaper car to insure than some of the other cars in the same class.
In the table below, smaller numbers indicate better safety ratings.
Midsize Car Insurance Bodily Injury Losses
| Midsize Car Type | Bodily Injury Losses |
|---|---|
| Chevrolet Malibu | 28% |
| Ford Fusion | 25% |
| Ford Fusion 4WD | -4% |
| Ford Fusion hybrid | 31% |
| Ford Fusion plug-in hybrid | 14% |
| Honda Accord | -32% |
| Mazda 6 | -4% |
| Nissan Maxima | 4% |
| Subaru Legacy 4WD | -12% |
| Subaru Legacy 4WD with EyeSight | -49% |
| Toyota Camry | -28% |
| Volkswagen Passat | -7% |
Using the Geico quote app, we ran a sample quote through their system based on a 2016 Toyota Camry. We ran this quote for a random 35-year-old woman with a clean driving record living in Dallas, which means your quoted rate might be different, even if you currently drive a Toyota Camry.
For state minimum levels of liability coverage (30/60/25) along with comprehensive and collision with a $1,000 deductible, our generic person was quoted $1,145.20 for a six-month policy. The bodily injury liability coverage was $252.10 of that total. If she increases her liability coverage to the maximum available levels (100/300/100) she would be quoted $1,291.54, of which $356.01 goes toward the bodily injury liability total.
The cost difference between the two levels of liability coverage is relatively small, which means that people who can afford to pay the extra cost each year can have significantly more protection if they need the extra coverage in an at-fault accident.
How does the size of the Toyota Camry affect property damage liability car insurance rates?
Property damage liability insurance covers costs for damage to others’ property in an at-fault accident, including vehicles and non-vehicle property like mailboxes or walls.
For example, a six-month Geico policy costs $1,145.20, with $314.60 allocated to the state minimum property damage coverage. Increasing the coverage to $100,000 raises the premium to $346.90, offering four times the coverage for under $100 more annually.
Toyota Camry Safety Ratings
IIHS rates a vehicle’s safety on two factors. The first is crashworthiness, or how well a car protects drivers and passengers in a crash, and crash avoidance and mitigation, which is a technology that helps prevent a crash or reduce the damage that comes from a crash.
The 2018 Toyota Camry is very highly rated in all categories, including physical structure, driver and passenger injury measures, and driver restraints. The only areas where the Camry rates Acceptable rather than Good are in passenger restraints, headlights, and trim level. For further details, check out our in-depth “Safe Driver Car Insurance Discounts” article.
To get a better idea of just how safe it is to drive a Toyota Camry, check out the video below:
As the Toyota Camry only has one body type, there is no other information available on IIHS for safety ratings on other body types. For example, if a vehicle came in a two-door or four-door style, we would include the safety information for both in this section, but the Camry is only available as a four-door sedan.
How does the safety of the Toyota Camry compare to other vehicles with the same size and class?
As we discussed in the sections above, the size of your vehicle plays a part in how safe it will be in an accident. Because of this, rates of driver deaths per million registered vehicles have typically been higher for smaller, lighter vehicles.
Luckily, technological advances are making smaller vehicles safer, so the differences between large and small vehicles are less extreme today than they were in the past.
In the table below, we see occupant deaths per million registered vehicles:
2008-2018 Car Occupant Fatalities by Vehicle Class
| Year | Driver Fatality - Cars | Driver Fatality - Pickups | Driver Fatality - SUVs | Driver Fatality - All passenger vehicles | All Occupant Fatalities - Cars | All Occupant Fatalities - Pickups | All Occupant Fatalities - SUVs | All Occupant Fatalities - All passenger vehicles |
|---|---|---|---|---|---|---|---|---|
| 2008 | 65 | 87 | 35 | 61 | 92 | 114 | 52 | 85 |
| 2009 | 56 | 63 | 25 | 49 | 82 | 83 | 36 | 69 |
| 2010 | 49 | 64 | 20 | 43 | 71 | 80 | 29 | 61 |
| 2011 | 43 | 49 | 17 | 37 | 62 | 66 | 24 | 52 |
| 2012 | 42 | 44 | 16 | 35 | 61 | 56 | 23 | 49 |
| 2013 | 41 | 39 | 19 | 34 | 58 | 52 | 26 | 48 |
| 2014 | 37 | 38 | 18 | 32 | 53 | 47 | 24 | 44 |
| 2015 | 42 | 40 | 20 | 35 | 62 | 52 | 29 | 51 |
| 2016 | 44 | 39 | 21 | 36 | 63 | 48 | 32 | 51 |
| 2017 | 46 | 37 | 22 | 36 | 66 | 46 | 33 | 51 |
| 2018 | 48 | 34 | 23 | 36 | 69 | 42 | 32 | 50 |
This information is helpful, but it can also be good to know the fatality rates based on your vehicle size. You can use the table below to compare the fatality rates for midsize cars such as the Camry with other vehicle sizes to get a better understanding of how safe a vehicle is when it’s in an accident.
Car Crash Fatalities Based on Vehicle Size
| Car Size | Registered Vehicles | Deaths | Rate |
|---|---|---|---|
| Mini | 1,051,275 | 88 | 84 |
| Small | 7,965,422 | 427 | 54 |
| Midsize | 9,736,590 | 396 | 41 |
| Large | 2,282,524 | 122 | 53 |
| Very large | 1,787,340 | 47 | 26 |
| All cars | 22,823,151 | 1,088 | 48 |
Insurance companies will use these numbers to help determine your rates, so a lower number of fatalities in a category can translate into a lower insurance premium.
When it comes to types of crashes, frontal impacts were responsible for 56 percent of passenger vehicle deaths in 2018. Comparatively, side impacts accounted for only 23 percent of passenger vehicle deaths.
Other Car Insurance Coverage Rates for the Toyota Camry
So far we have talked about the way liability, collision, and comprehensive coverages impact the insurance rates for your Toyota Camry, but there is more to an insurance rate than just these factors. A car insurance calculator can help you estimate what your car insurance rates may be.
Below we’ll talk about some of the other types of coverage that you may need while driving.
How do safety ratings of the Toyota Camry affect personal injury protection (PIP) car insurance rates?
To get an idea of how the Toyota Camry fares when it comes to PIP coverage, take a look at the chart below:
Midsize Car Insurance PIP Losses
| Midsize Car Type | Personal Injury Losses |
|---|---|
| Chevrolet Malibu hybrid | -8% |
| Ford Fusion | 26% |
| Ford Fusion 4WD | -4% |
| Ford Fusion hybrid | 11% |
| Ford Fusion plug-in hybrid | 6% |
| Honda Accord | 29% |
| Mazda 6 | 0% |
| Subaru Legacy 4WD | -19% |
| Subaru Legacy 4WD with EyeSight | -27% |
| Toyota Camry | 32% |
| Volkswagen Jetta | 24% |
| Volkswagen Passat | 12% |
On this graph, lower numbers are better. The Camry ranks at 32 percent, which is significantly worse than many other cars in the midsize range. It isn’t the worst, however, outperforming Nissan, Chevrolet, and Hyundai.
Read more: Compare Nissan Car Insurance Rates
How do safety ratings of the Toyota Camry affect MedPay car insurance rates?
MedPay, otherwise known as medical payments coverage, is an optional coverage that can help pay your or your passengers’ medical expenses if you’re injured in a car accident, regardless of who is at fault. MedPay isn’t available in all states.
Midsize Car Insurance MedPay Losses
| Midsize Car Type | Medical Payment Losses |
|---|---|
| Ford Fusion 4WD | -7% |
| Ford Fusion hybrid | 2% |
| Ford Fusion plug-in hybrid | 5% |
| Honda Accord | 9% |
| Mazda 6 | 1% |
| Subaru Legacy 4WD | -9% |
| Subaru Legacy 4WD with EyeSight | -28% |
| Toyota Camry | 30% |
| Toyota Camry hybrid | 17% |
| Volkswagen Passat | 14% |
Much like the graph above, lower numbers are better. The Camry ranks at 30 percent, which is worse than many other cars in the midsize range. It isn’t the worst, however, outperforming Nissan, Chevrolet, Ford, and Hyundai.
Please note that PIP and MedPay numbers represent claim frequency only.
Potential car buyers ought to remember that it’s essential to get quotes from multiple insurance providers so that they’re capable of locating the very best car insurance costs for their Toyota Camry. Actual pricing will range wildly from one part of the country to another, from one state to a different state, and from one city to a different city.
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The History of the Toyota Camry
The Toyota Camry, first produced in 1982, began as a compact car and has since grown into a well-regarded midsize vehicle. The name “Camry” derives from the Japanese word for “crown,” reflecting Toyota’s tradition of naming cars after royalty and prestigious symbols.
Over the years, the Camry has evolved through various models and trim levels, including the CE, LE, SE, XLE, and hybrid variants, each offering different features and engine options.
Despite a recent decline in sales, the Camry remains a popular choice due to its reliability and affordability. The 2020 model, like its predecessors, combines new features with the dependable performance that has characterized the Camry throughout its history. Learn more by visiting our detailed “How do you get cheaper car insurance quotes?” section.
Frequently Asked Questions
What is the cheapest Toyota Camry insurance available?
The cheapest Toyota Camry insurance often comes from providers like Geico and State Farm, offering competitive rates based on your driving history and location.
How can I find the insurance cost for a Toyota Camry 2012?
To find the insurance cost for a Toyota Camry 2012, you can request quotes from various insurance companies online or contact them directly for a personalized rate based on your driving profile.
Which brand offers the cheapest car insurance for a Toyota Camry?
Geico is known for offering some of the lowest insurance rates for a Toyota Camry, followed closely by State Farm.
Explore our detailed analysis on “Where can I find the lowest car insurance quotes?” for additional information.
What is the comprehensive Toyota Camry car insurance cost?
Comprehensive Toyota Camry car insurance typically costs around $120 per month, though this can vary based on the model and other factors.
Which Toyota Camry model has the most expensive insurance?
The Toyota Camry XSE or XLE models generally have the most expensive insurance due to their higher value and additional features.
Explore your car insurance options by entering your ZIP code below and finding which companies have the lowest rates.
What is the most expensive color Toyota Camry insurance?
Generally, the color of a Toyota Camry does not significantly impact insurance rates, but some sources suggest that high-demand colors might affect the cost slightly.
Get more insights by reading our expert “How do you get competitive quotes for car insurance?” advice.
What is the lowest form of Toyota Camry insurance coverage?
The lowest form of Toyota Camry insurance coverage is liability-only, which covers damages to other parties but not your own vehicle.
Can you explain TPL and comprehensive insurance for a Toyota Camry?
TPL (Third Party Liability) insurance covers damages to other people’s property and injuries in an accident where you are at fault. Comprehensive insurance covers non-collision incidents like theft, fire, and weather damage.
What is the cheapest Toyota Camry category to insure?
The Toyota Camry LE is often the cheapest category to insure due to its lower value and fewer high-cost features compared to other trims.
Continue reading our full “How do you get competitive quotes for car insurance?” guide for extra tips.
What is the cheapest cover for Toyota Camry insurance?
The cheapest cover for Toyota Camry insurance is typically liability-only coverage, which provides basic protection required by law.
What is the best type of Toyota Camry insurance?
The best type of Toyota Camry insurance is full coverage, which includes both collision and comprehensive coverage for maximum protection.
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Daniel Walker
Licensed 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...
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