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Compare the Cost of Toyota Camry Insurance by Model Year and Company
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Ensure you're getting the best rate. Review quotes from a top insurance company.
When looking for the most accurate Toyota Camry insurance quote, it pays to shop around. Compare prices from different insurers since they will have different costs for the same car. Auto insurance providers also consider the model year of your Toyota Camry when calculating the cost of your premium.
Key Takeaways
The average cost to insure a Toyota Camry is $1,276 per year. That is less than the typical rate for the average car model, which is $1,427 per year.
Depending on the auto insurance carrier, Toyota Camry insurance rates can change by as much as $506 annually.
Insurers tend to charge less for older models. The rate for a Toyota Camry can change by as much as $406 per year depending on the model year.
How Much It Costs to Insure a Toyota Camry and the Cheapest Company
The insurance carrier you choose for your Toyota Camry insurance will influence the cost of your premium. On average, Toyota Camry insurance costs around $1,276 annually. However, rates will vary depending on the insurer.
The cheapest average insurance rate for a Toyota Camry is offered by USAA, at an average annual rate of $1,070. On the other hand, the most expensive company is Allied, with an average rate of $1,575 per year. Depending on which company you choose, you can save up to $505 per year.
The Average Annual Cost of Toyota Camry Insurance by Company
MoneyGeek collected data using a sample driver profile. These insurance rates are from multiple insurance carriers and are based on a 40-year-old driver with 100/300/100 liability insurance and comprehensive and collision coverage.
The Average Cost to Insure a Toyota Camry by Company
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- CompanyAverage Annual Rates
- 1.$1,070
- 2.$1,080
- 3.$1,227
- 4.$1,316
- 5.$1,356
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Is a Toyota Camry Expensive to Insure?
When calculating insurance premiums, carriers consider different factors. These include the model of the car. Expensive models tend to have higher insurance rates, while less expensive cars have cheaper rates.
In general, Toyota Camry insurance rates are inexpensive. Being a low-value model, repair costs for a Toyota Camry are less expensive. Additionally, this model also has low horsepower. Typically, less powerful cars are less likely to get involved in major accidents, making them less risky to insure. As a result, auto insurance providers charge less to insure a Toyota Camry.
The Best Car Insurance Company for a Toyota Camry
Aside from the cost, there are various factors to consider when buying auto insurance. To find the best car insurance for a Toyota Camry, MoneyGeek used a unique rating system.
Based on affordability, customer complaints, customer satisfaction and financial stability, MoneyGeek found that:
- USAA is the best option for a Toyota Camry auto insurance. Only military members and their families qualify for USAA policies.
- The second highest scoring company is GEICO, making it the next best option for a driver who owns a Toyota Camry.
1
USAA
Score:99
2
GEICO
Score:89
3
State Farm
Score:84
4
Progressive
Score:79
5
Nationwide
Score:79
6
Allstate
Score:71
7
Allied
Score:NaN
How Much It Costs to Insure a Toyota Camry by Model Year
Insurers include a car’s age in rate calculations. Since a car’s value depreciates over time, older cars have cheaper collision and comprehensive insurance rates.
A 2005 Toyota Camry has an average insurance rate of $1,007 per year. The 2020 Toyota Camry has an average rate of $1,414. That is a difference of $407.
Insurers may offer cheaper rates for a Toyota Camry depending on the model year of the car. For a 2020 Toyota Camry, GEICO is the cheapest option with an average rate of $1,212 per year.
Check the average cost of auto insurance based on the model year of your car below to see how rates compare.
The Average Cost to Insure a Toyota Camry by Model Year
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- CompanyAverage Annual Rates (2020 model)Average Annual Rates (2019 model)Average Annual Rates (2018 model)Average Annual Rates (2017 model)Average Annual Rates (2016 model)Average Annual Rates (2010 model)Average Annual Rates (2005 model)
- 1.$1,227$1,126$1,207$1,093$1,069$879$887
- 2.$1,212$1,161$1,153$1,115$1,101$958$862
- 3.$1,333$1,346$1,305$1,287$1,266$1,089$964
- 4.$1,456$1,454$1,405$1,385$1,362$1,129$1,021
- 5.$1,385$1,403$1,422$1,432$1,418$1,298$1,134
How Expensive Is It to Insure a Toyota Camry Compared to Other Cars?
The cost to insure a Toyota Camry is inexpensive compared to the average car model. Typically, Toyota Camry owners pay around $1,276 per year. That is slightly lower than the average cost of insurance across all car models, which is $1,427 annually.
How Much It Costs to Insure a Toyota Camry for 16- to 25-Year-Olds
Age impacts Toyota Camry insurance rates. Insurers tend to charge younger drivers more due to their lack of experience.
An 18-year-old typically pays $4,163 per year for Toyota Camry insurance. The average rate for a similar policy for 40-year-old drivers is only $2,888 annually.
Buying an auto insurance policy is an expensive option for teens. To save a few bucks on car insurance, you can opt to be added to your parent’s insurance plan.
Below is a list of average auto insurance rates for 16- to 25-year-old drivers with a Toyota Camry.
The Average Cost to Insure a Toyota Camry by Driver Age
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- AgeAverage Annual Rates
- 16$5,337
- 17$4,728
- 18$4,163
- 19$2,982
- 20$2,661
How Does Location Affect the Cost of Toyota Camry Insurance?
Toyota Camry insurance rates shown in this article are based on national averages. Other factors, such as your place of residency, will have a huge impact on how much your premium will be. To better understand the cost of auto insurance in individual states, read MoneyGeek’s state page analysis.
FAQs About Toyota Camry Insurance
The model of your car plays a big role in determining the price of your auto insurance, but it is only one of many factors that insurers consider. Learn more about Toyota Camry insurance from the following frequently asked questions.
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