Toyota Camry Auto Insurance (2024)

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:

Auto Insurance Monthly Rates by Age & Gender

Age/Gender	Average Rates
17-Year-Old Female	$582
17-Year-Old Male	$694
25-Year-Old Female	$254
25-Year-Old Male	$270
35-Year-Old Female	$208
35-Year-Old Male	$214
60-Year-Old Female	$194
60-Year-Old Male	$204

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. 

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