Compare the Cost of Toyota Camry Insurance by Model Year and Company

Insurance rates for a Toyota Camry will vary depending on the model year and the driver’s age. For instance, premiums for a 16-year-old driving a 2009 Camry average $5,747 annually, while a 40-year-old only pays $1,244. Insurance for a 16-year-old driving a 2022 model driver costs $7,045, but $1,569 for a 40-year-old.

MoneGeek evaluated the top insurers for a Toyota Camry based on how well they balance cost, quality customer service and claims experience.

The average cost to insure a Toyota Camry is about $1,434 per year, but rates will differ depending on the insurer. Always shop around for the most affordable auto insurance that satisfies your requirements. State Farm offers the cheapest full coverage insurance for a Toyota Camry at $1,085 per year, while Farmers has the highest premium at $1,719 per year. Likewise, State Farm has the cheapest minimum coverage at $477 annually, while Farmers is the most expensive at $790 annually.

When determining premiums, insurance companies consider several variables, including the driver's age, driving history, model year and location. Compared to other vehicles, Toyota Camry insurance costs tend to be moderate. According to the most recent data from the National Highway Traffic Safety Administration (NHTSA), this car model is stolen at an above-average rate, making it riskier to insure.

Cost is an important consideration when shopping for car insurance. However, also consider the level of service and claims experience an insurer offers. The top-rated auto insurance companies for a Toyota Camry are:

• State Farm: MoneyGeek score 90 out of 100 ($1,085 per year)
• GEICO: MoneyGeek score 89 out of 100 ($1,160 per year)

Among the seven providers we looked at, State Farm came out on top for affordability and second for customer satisfaction.

A car’s model year is another element affecting the average cost of auto insurance. For instance, the cost to insure a 2009 Toyota Camry is about $1,244 per year, while the cost to insure a 2022 model is about $325 higher. Newer model years are typically more expensive to insure because they cost more and are more expensive to repair and replace.

The cost to insure a Toyota Camry insurance will vary based on the insurer and the car’s model year. For instance, State Farm is the least expensive insurer for a 2009 model, costing $916 per year, while GEICO is the least costly option for a 2022 model at $1,269 per year.

Teenagers and drivers in their 20s typically pay more for auto insurance than individuals 30 and older. For instance, Toyota Camry insurance costs for a 16-year-old are approximately $6,326, whereas a 40-year-old driver's annual insurance expenses are typically $1,388. However, as a teen driver gets older, the price of teen auto insurance typically decreases. Premium prices tend to remain steady once drivers reach their 20s.

Teenagers tend to pay much higher insurance rates than adults. State Farm has the most affordable individual insurance policies for 16-year-old Camry drivers, costing an average of $4,067 annually. With an average annual cost of $9,957 for an individual plan, Farmers is the most expensive.

One way to reduce costs is to add the teen to an existing family policy. Families and teens should compare prices to find the cheapest teen auto insurance premiums.

Where you live can affect the price of auto insurance, sometimes more than the car’s make, model and driver’s age. Idaho residents pay the lowest average insurance premiums, while Floridians pay the highest. Compare quotes from the most affordable insurers in your state to find the cheapest and best Toyota Camry insurance for your needs.

MoneyGeek answers frequently asked questions about insurance quality and cost for a Toyota Camry.