The Toyota Camry is quite possibly one of the most affordable mid-size sedans in the market today. However, if you plan on owning your Camry for a long while, you can’t afford to skimp on your Camry insurance!
On average, Toyota Camry insurance will cost $1514 per year, which is $121 lower than the national average of $1635 per year. So, in a way, it is both affordable to buy and insure!
Rather than applying to each insurance provider, it is much easier to compare free quotes from multiple providers. Get a free quote for your Toyota in just minutes and compare offers from top auto insurance companies easily using Way.com.
The Toyota Camry is a mid-size, family sedan that has great resale value and is extremely dependable on the road. The price range for the vehicle lies between $26,000-$35,000 – but are the insurance costs in a comparable range as well?
The Toyota Camry is probably one of the most affordable vehicles to insure in the family sedan/mid-size car category. The average cost of insuring a Toyota Camry in the US amounts to roughly $1514/year, which is $121 cheaper than the national average premium.
It costs almost $300 less to insure per year than the most expensive mid-size car to insure in this segment, the Kia Stinger.
| Make/Model | Insurance Cost |
|---|---|
| Subaru Legacy | $1,492 |
| Honda Insight | $1,494 |
| Kia K5 | $1,510 |
| Toyota Camry | $1,514 |
| Volkswagen Passat | $1,520 |
| Mazda 6 | $1,530 |
| Chevrolet Malibu | $1,596 |
| Toyota Camry | $1,600 |
| Tesla Model 3 | $1,614 |
| Volkswagen Arteon | $1,672 |
| Nissan Altima | $1,718 |
| Hyundai Sonata | $1,748 |
| Kia Stinger | $1,810 |
Though Toyota insurance is affordable, the premiums can vary based on several factors like:
People without driving records (like teens and young adults) are at a disadvantage because insurance companies cannot gauge their safety behind the wheel. Therefore, it is likely that young drivers will be charged higher premiums for Toyota Camry insurance.
A Toyota Camry owner in his 20s may be charged as much as $2990/year compared to a 50-year-old who’ll have a premium of $1378/year.
Older Toyota Camry models will generally cost lesser to insure, because have different features that may either have been changed or are less likely to be stolen. Newer models have more value on the market and also cost more to repair, so will be costlier to insure.
The average auto insurance premium for a 2022 Toyota Camry is $1532/year compared to $1480/year for a 2018 model.
| Model Year | Average Annual Rate | Monthly Rate |
|---|---|---|
| 2022 Toyota Camry | $1532 | $128 |
| 2021 Toyota Camry | $1512 | $126 |
| 2020 Toyota Camry | $1504 | $125 |
| 2019 Toyota Camry | $1498 | $125 |
| 2018 Toyota Camry | $1480 | $123 |
The Toyota Camry has eight standard trim levels and five hybrid trims – that's quite a lot to choose from! The Camry LE trim level is the cheapest to insure – they will only cost you $1414/year on average. The XSE Hybrid is the costliest to insure at $1658/year.
| Toyota Camry Trim Level | Annual Rate | Monthly Rate |
|---|---|---|
| LE | $1,414 | $118 |
| XLE | $1,420 | $118 |
| XLE AWD | $1,436 | $120 |
| LE AWD | $1,454 | $121 |
| SE | $1,466 | $122 |
| SE AWD | $1,480 | $123 |
| SE Nightshade Edition | $1,482 | $124 |
| SE Nightshade Edition AWD | $1,498 | $125 |
| XSE | $1,500 | $125 |
| XSE AWD | $1,514 | $126 |
| XLE V6 | $1,516 | $126 |
| LE Hybrid | $1,540 | $128 |
| XSE V6 | $1,546 | $129 |
| TRD | $1,556 | $130 |
| SE Hybrid Nightshade Edition | $1,584 | $132 |
| XLE Hybrid | $1,652 | $138 |
| XSE Hybrid | $1,658 | $138 |
If you live in a large metropolis, chances are there’ll be more accidents or car burglaries. This can influence the premiums offered to you as a Toyota Camry owner. Certain ZIP codes can be extremely expensive to insure depending on the crimes rate and possibility of theft/burglary.
The highest Toyota Camry premiums are found in Los Angeles and New York.
| City | Average Annual Rate |
|---|---|
| Los Angeles, CA | $2461 |
| New York, NY | $2275 |
| Houston, TX | $2256 |
| Jacksonville, FL | $2088 |
| Philadelphia, PA | $1931 |
| Chicago, IL | $1902 |
| Phoenix, AZ | $1672 |
| Seattle, WA | $1402 |
| Indianapolis, IN | $1229 |
| Columbus, OH | $1204 |
Based on the research done by the Way.com team, Allied Insurance offers the cheapest Toyota Camry insurance deals averaged across all states, with a premium of $870/year.
| Company | Annual Rate |
|---|---|
| Allied | $870 |
| Nationwide | $1219 |
| Erie | $1302 |
| USAA | $1398 |
| State Farm | $1398 |
| Tennessee Farmers | $1402 |
| American Family | $1497 |
| 21st Century | $1500 |
| Country | $1512 |
| Arbella | $1541 |
There may be slight differences in the Camry insurance premium for different models based on their year. The average auto insurance premium for a 30-year-old driver with a recent Toyota Camry model is as follows:
| Vehicle Year | Overall Rating | Front Driver and Passenger | Side Driver and Passenger | Rollover |
|---|---|---|---|---|
| 2022 Toyota Camry Hybrid | 5 stars | 5 stars | 5 stars | 5 stars |
| 2021 Toyota Camry Hybrid | 5 stars | 5 stars | 5 stars | 5 stars |
| 2020 Toyota Camry Hybrid | 5 stars | 5 stars | 5 stars | 5 stars |
| 2019 Toyota Camry Hybrid | 5 stars | 5 stars | 5 stars | 5 stars |
| 2019 Toyota Camry Hybrid | 5 stars | 5 stars | 5 stars | 5 stars |
You can reduce your auto insurance by ensuring the Camry you have is well-equipped with safety features. Some of the installed features include:
| IIHS Safety Test Type | Safety Rating |
|---|---|
| Head restraints and seats | Good |
| Roof strength | Good |
| Side strength | Good |
| Moderate overlap front | Good |
| Small overlap front: passenger side | Good |
| Small overlap front: driver-side | Good |
| Insurance Coverage Category | Loss Rate |
|---|---|
| Collision | 11% |
| Property Damage | -7% |
| Comprehensive | 2% |
| Personal Injury | 49% |
| Medical Payment | 46% |
| Bodily Injury | 8% |
Simply download the Way.com app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes! Compare offers from more than 150 different insurance providers on our platform, which lets you choose the best policy for your Toyota Camry – all in as little as 45 seconds!
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
No, the Toyota Camry is one of the most affordable cars to insure in the sedan segment. Yearly premiums can be as low as $1414 depending on the trim level you choose.
Depending on the trim level of the vehicle, Toyota Camry auto insurance can range from $1414-$1658 per year.
Though not the cheapest car to insure in its segment, the Toyota Camry is still pretty cheap when considering other sedans. It is almost $300 cheaper to insure than the most expensive car in its category, the Kia Stinger.
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