Best Cheap Toyota Camry Car Insurance; How Much to Insure It?
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UPDATED: Dec 13, 2020
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The Toyota Camry is a reliable mid-size sedan that offers American drivers a comfortable ride, excellent fuel economy, a quiet cabin, and easy-to-use controls.
The handling of this model has improved significantly in recent years.
It is also available as a hybrid that combines a four-cylinder gas engine with an innovative electric motor.
There is a good reason the Camry has been a top-selling vehicle and one of the cheapest cars to insure in the US for the past 15 years.
It is a well-designed sedan that is dependable, affordable, and includes many features today’s safe drivers are looking for.
Thanks to the Camry’s many safety ratings and features, those looking for car insurance are often pleasantly surprised to find significantly lower rates for this make and model.
Let’s take a closer look at the best car insurance options for Toyota Camry drivers and other essential factors you should know before purchasing a new insurance policy.
Here are the key takeaways:
|Toyota Camry Insurance Quick Hits|
|The average car insurance price per month for the Toyota Camry is $121.|
|The most affordable company to get car insurance through is Plymouth Rock Insurance. They offer policies as low as $58 per month.|
|The insurance rate for a Toyota Camry is $2.00 more expensive than the average vehicle rate.|
|The Toyota Camry has received 5-star reliability ratings over the past three years.|
|The Camry is also ranked high with Consumer Reports and J.D. Power for its reliability and safety.|
What’s The Average Annual Cost to Insure a Toyota Camry?
Here are a few annual rates from top insurance providers for a Toyota Camry.
The rates should be similar for newer or slightly older models.
Keep in mind other factors help determine your insurance rate.
We found the best insurance is Plymouth Rock offering coverage rates at $1,877 per year for a 30-year-old driver and $1,021 per year for a 45-year old.
Plymouth Rock is limited to five states Connecticut, Massachusetts, New Hampshire, New Jersey, and Pennsylvania.
Erie is another car insurer offering insurance rates at $1,899 and $1,033 for a 45-year old and 30-year old respectfully.
Erie is limited to 12 states and Washington, D.C.
Liberty Mutual offers coverage in all 50 states, and they are the next best car insurer offering coverage 22% lower than average.
|Company||Premium 30-year old||45-year old|
We decided to see how much it would cost to insure a 2020 AWE LE 4DR Sedan Toyota Camry for a 45-year-old single female driver.
The driver is currently insured and owns their own home.
They are shopping for insurance because they are planning to purchase a car soon.
Their vehicle is for personal and commuting use, and they drive 13,500 miles per year on average.
They have an average credit score and have had no accidents, claims, or tickets in the past three years.
The top four results for this driver were as follows.
– Safe Auto – $96 per month
– Travelers – $126 per month
– State Auto Insurance Companies – $154 per month
– Nationwide – $168 per month
– American Family – $169 per month
Illustrated above is the cost to insure a Camry by driver type and profile. Driver discounts ($921) and high deductibles ($1,357) pay the least, while high-risk ($3,105) and young drivers ($5,200) pay the most. The average insurance rate for a Camry is approximately $1,455 ($121 per month), illustrated in blue.
How To Find Affordable Toyota Camry Insurance Rates by Age?
Auto insurance rates vary broadly based on many factors, one of the most important being your age.
Older drivers who have a good driving record and pay a high deductible may only pay around $1,300 annually for full coverage insurance.
For teen drivers, rates are much higher.
In most cases, even excellent drivers can expect to pay upwards of $5,200 per year.
According to quoteinspector.com, drivers can expect to pay the following rates based on their age.
These rates are based on coverage with a $500 deductible for comprehensive and collision.
|16 years old||$1,220||$2,117||$1,959||$5,296|
|20 years old||$799||$1,328||$1,195||$3,322|
|30 years old||$315||$645||$555||$1,500|
|40 years old||$308||$594||$530||$1,432|
|50 years old||$254||$543||$511||$1,308|
|60 years old||$253||$521||$500||$1,282|
The Toyota Safety Sense Package
The Toyota Safety Sense package includes several new safety technologies designed to promote driver awareness.
Some features in this package include:
|Safety Sense Features|
|Pre-Collision System with Pedestrian Detection||Automatic High Beams|
|Dynamic Radar Cruise Control||Lane Tracing Assist|
|Lane Departure Alert||Road Sign Assist|
Toyota Camry Safety Features
The Toyota Camry carries ten airbags and includes Toyota’s Star Safety System, which features anti-locking brakes, brake assist, and traction control.
Here are some of the safety features you can depend on while on the road and lower your annual insurance premium.
– The Front Impact Safety Airbags protect the head during a head-on crash.
– Overhead Airbags add more protection for side crashes or a rollover.
– Side Impact Safety Airbags near the Camry’s front and rear seats will protect the torso if a side-impact collision occurs.
– Knee Airbags can protect the lower extremities from severe injuries.
– ABS Brakes will determine when a wheel is not turning when braking conditions are extreme.
– It will change the brake pressure to allow the tires to rotate as needed to ensure the car can turn safely.
Below are advanced safety features, including standard safety features of the Toyota Camry:
|Standard & Advance Safety Features|
|Blind Spot Monitor With Rear-Cross Traffic Alert||Safety Connect|
|Bird's Eye View With Perimeter Scan||Ten Airbags|
|Intelligent Clearance Sonar With Rear Cross-Traffic Braking||No Maintenance And Roadside Assistance|
Toyota Camry insurance cost is $121 on average.
That is a combined average of all the sub-models and trims.
The state with the most affordable insurance rates for the Camry is Maine, with a $74 monthly rate.
|State||Insurance Rate||Percent Decrease|
The state with the highest is Michigan, with an average of $230.
|State||Insurance Rate||Percent Increase|
The average annual cost of insurance for a Toyota Camry with full insurance coverage is $1,452.
For drivers who are considered high-risk, the average cost is $3,106, and for teen drivers, it is $5,296.
Toyota Camry Insurance Rates Based on Trim Levels and Model Year
These annual premium rates are based on insurance quotes for a Toyota Camry for a 40-year-old male driver with no accidents or driving violations.
He has a $500 deductible for comprehensive coverage and collision insurance, underinsured/uninsured motorist coverage, and minimum auto liability limits for his state.
Remember, these rates are for comparison only and are averaged throughout all U.S. states.
|Camry Model||Average Premium||Sticker Price|
Toyota Camry Safety & Reliability Rating
A vehicle’s safety, reliability rating, low repair costs play a significant role in determining your insurance rates.
According to Consumer Reports, the Camry is well-known for its reliability and high resale value.
The latest model of the Camry features an updated design, improved fuel economy, and additional safety features to assure drivers on the road.
J.D. Power gave the Camry an overall score of 85 out of 100 and a reliability rating of 88 out of 100.
U.S. News & World Report has added the Camry to their list of the 18 Most Reliable Cars for 2020, ranking at number nine.
The Camry has received a 5-Star reliability rating from the National Highway Traffic Safety Administration in 2018, 2019, and 2020 in the areas of Frontal Crash, Side Crash, Rollover, and Overall.
Along with its impressive reliability, the 2020 model has updated safety features and excellent crash-test results.
The improved safety features include Toyota Safety Sense and the Star Safety System.
The Star Safety System
The Star Safety System is a package filed with passive safety features that provide a reliable foundation for the Camry’s TSS-P suite.
Some of the innovative features found in this system include exclusive technologies such as:
|The Star Safety System Technologies|
|Star Safety System||Smart Stop Technology (SST)|
|Anti-lock Brake System (ABS)||Traction Control (TRAC)|
|Electronic Brake-force Distribution (EBD)||Vehicle Stability Control (VSC)|
With its reliability rating and improved safety features in mind, the Toyota Camry is among the best vehicles and one of the cheapest cars to insure.
If you feel you are paying too much for your car insurance, be sure to compare rates for your Toyota Camry.
Illustrated above are the best and cheapest insurers by price and coverage for a 30 and 45-year-old driver. The least expensive is Plymouth Rock, but they only offer auto insurance in 5 states. Erie is another good option, but they only offer coverage in 12 states. If you are limited by location, the best nationwide car insurer is Liberty Mutual and Allstate.
How You Can Save On Your Toyota Camry Insurance
You can do several things to lower the cost of insurance for your Toyota Camry.
Most insurance providers offer special discounts where drivers can save hundreds of dollars on their policy to meet certain conditions.
Here are a few suggestions and discounts to look out for when comparing new insurance providers.
– Pay Your Premium in Full
All companies do not offer this option, but if you can afford to pay your premium in advance for either the entire year or six months, some companies will provide you with a sometimes significant discount on your premium.
– Discounts for Safety Features
The Toyota Camry has plenty of innovative features to keep you safe on the road.
If you have the latest features such as blind-spot monitors, collision avoidance, or radar cruise control, you could be eligible for additional discounts from your insurance provider.
Depending on what carrier you are getting a quote from, the safety discounts can be worth your while to look into.
If you are not sure which safety features you have, don’t worry.
When your agent quotes you, they will enter your car’s year, make, model, and VIN into their quoting system.
Once entered, the system will automatically pull all this information into the quote for you and apply most of the carrier’s discounts.
However, with these quoting systems, there still might be a few more safety discounts available to you that will have to be manually clicked on by the agent.
– Maintain a Clean Driving Record
Many insurance companies will provide you with a safe driving discount if you maintain a record with no accidents or violations.
So, staying focused and driving carefully can pay off in more ways than one.
– Maintaining a Good Credit Score
Your credit score can impact your insurance premium.
Some companies will use the information on your credit report to determine your insurance costs.
Try to make all payments on time and keep a check on your credit report for any mistakes that may need correcting.
– Good Student Discount
If your teen driver has an A or a B grade point average, you can save huge dollars off your overall policy premium.
One time, we had a mother call in to add her teen driver to her policy.
By adding the new driver, her policy premium went from $1,500 bi-annually to $2,600 bi-annually.
She was asked if her son had an A or a B grade point average and had documentation of this.
They did, and we were able to save her an additional $650 off her annual premium.
The Good Student Discount is one of the largest discounts available today.
Sometimes upwards of 30% off the entire policy.
Frequently Asked Questions
What Affects the Cost of Insurance Most for a Toyota Camry?
The annual mileage on your Toyota Camry will have the most significant impact on the total cost of your insurance.
Driving your Camry more than the average of 10,000 or 15,000 miles each year could cause your car insurance premium to increase.
Note: The federal government does not regulate insurance rates.
Each state regulates its rates and what carriers are allowed to charge in their states. Therefore, insurance rates will vary on a state by state, carrier to carrier basis.
What Kind of Insurance Do You Need for your Toyota Camry?
The insurance coverage you should have includes Bodily Injury Liability and Property Damage Liability.
Your coverage limits are determined by the amount of financial protection you want, but you need at least the minimum requirements regulated by the state.
Depending on the state insurance requirements, you may need Uninsured Motorist Coverage (UM), Underinsured Motorist Coverage (UIM), Personal Injury Protection (PIP), and Medical Payments Coverage (MedPay).
Comprehensive and Collision insurance is an optional coverage but recommended for newer model Camry’s.
Does the Toyota Camry Qualify for Any Auto Insurance Discounts?
The safety features available on the Toyota Camry can make the car eligible for various safety discounts to lower your premium.
To find out which deals your Camry is eligible for, you will need to speak with an insurance agent.
Discounts vary from one insurance company to the next.
Usually, the best discounts are:
– Safe driver discount
– Good student discount
– Multi-policy discount
– Multi-vehicle discount
– Defensive driving discount
– Electronic payment discount
– Full payment discount
– Low mileage discount
How Do I Compare Insurance Rates for my Toyota Camry?
Use an online insurance comparison tool or website. Keep in mind while comparing rates that the average national monthly premium for Camrys is $121.
To find an affordable insurance company in your local area, obtain at least three or more quotes from auto insurers.
That will help determine the average amount for auto insurance in your area.
To learn more about the Toyota Camry’s best car insurance, contact a licensed agent for a quote or contact our licensed professionals who will be happy to answer any questions you have.
Quadrant Information Services