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


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Edited byMargarita Barresi
ByMark Fitzpatrick
Edited byMargarita Barresi

Updated: May 20, 2024

Advertising & Editorial Disclosure

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.

MoneyGeek Logo IconCar Insurance CostsToyota Camry
2024

Why Trust MoneyGeek? We collected thousands of car insurance quotes from Quadrant Information Services to analyze average rates for a Toyota Camry.

recency icon

We updated these rates to reflect the average cost of car insurance for a Toyota Camry as of 2023.

10Companies Compared
 
41,832 Quotes Analyzed

Average Cost and Cheapest Companies for Insuring a Toyota Camry

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.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$1,085
GEICOAverage Annual Premium$1,160
TravelersAverage Annual Premium$1,356
NationwideAverage Annual Premium$1,374
AllstateAverage Annual Premium$1,473
ProgressiveAverage Annual Premium$1,587
FarmersAverage Annual Premium$1,719

Is a Toyota Camry Expensive to Insure?

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.

Best Companies for Insuring a Toyota Camry

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.

MoneyGeek Top Pick: State Farm

State Farm

pros

checkmark

Ranked first for affordability

checkmark

Ranked second for customer satisfaction

checkmark

Provides roadside assistance and rental car coverage

cons

close

Lacks OEM coverage

close

Rated below average for claims management

COMPANY HIGHLIGHTS

State Farm is the best auto insurance provider for Toyota Camry drivers, offering reasonable premiums and top-notch customer support. It offers rental car coverage and roadside assistance but lacks more unique coverage add-ons. In the event of a breakdown, State Farm will pay for towing to the closest repair facility and for the delivery of gas, oil, a new battery or a new tire, but not the cost of the delivered items.

Rental car coverage provides financial protection if you damage a rental car or cause an accident, so you spend less on repairs or medical expenses out of your pocket. State Farm offers rental car insurance that covers travel expenses up to $500 and rental car costs up to the selected limit. The company will also cover up to $500 of your deductible if you cause an accident with your rental car.

Read MoneyGeek's State Farm Auto Insurance Review

MoneyGeek Runner-Up: GEICO

GEICO

pros

checkmark

Third place for client satisfaction

checkmark

Second place for affordability

checkmark

Offers accident forgiveness and Mechanical Breakdown Insurance (MBI)

cons

close

Lacks gap insurance coverage

close

Below-average claims management score

COMPANY HIGHLIGHTS

As a Toyota Camry driver, you may want to consider GEICO as your car insurance provider. The company ranks second for affordability and third for customer satisfaction, making it a top choice for drivers who want great coverage at a reasonable price.

GEICO offers Mechanical Breakdown Insurance (MBI), which can provide greater coverage at a lower cost than most extended warranties dealers offer. MBI is a great option for Toyota Camry drivers with new or leased cars less than 15 months old.

Another valuable coverage option from GEICO is Accident Forgiveness. Drivers can purchase or earn this coverage if they have been accident-free for five years or longer. With Accident Forgiveness, your Toyota Camry insurance rate won't go up after your first at-fault accident. This is a great option for drivers who want to keep their insurance rates low.

Read MoneyGeek's GEICO Auto Insurance Review

Cost of Insuring a Toyota Camry by Model Year

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.

Data filtered by:Results filtered by:
Age:
Age:40
Coverage:
Coverage:Full Coverage
2022Average Annual Premium$1,569
2021Average Annual Premium$1,533
2020Average Annual Premium$1,482
2019Average Annual Premium$1,483
2018Average Annual Premium$1,459
2017Average Annual Premium$1,407
2016Average Annual Premium$1,408
2015Average Annual Premium$1,385
2014Average Annual Premium$1,328
2013Average Annual Premium$1,327
2012Average Annual Premium$1,299
2011Average Annual Premium$1,253
2010Average Annual Premium$1,261
2009Average Annual Premium$1,244

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.

Data filtered by:Results filtered by:
Model Year:
Model Year:2022
Age:
Age:40
Coverage:
Coverage:Full Coverage
GEICOAverage Annual Premium$1,269
State FarmAverage Annual Premium$1,278
TravelersAverage Annual Premium$1,387
NationwideAverage Annual Premium$1,431
ProgressiveAverage Annual Premium$1,774
AllstateAverage Annual Premium$1,803
FarmersAverage Annual Premium$1,982

Cost of Insuring a Toyota Camry for 16- to 25-Year-Olds

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
16Average Annual Premium$6,326
17Average Annual Premium$5,143
18Average Annual Premium$4,522
19Average Annual Premium$3,122
20Average Annual Premium$2,831
21Average Annual Premium$2,178
22Average Annual Premium$2,016
23Average Annual Premium$1,876
24Average Annual Premium$1,783
25Average Annual Premium$1,610

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.

Data filtered by:Results filtered by:
Age:
Age:16
Model Year:
Model Year:2022
Coverage:
Coverage:Full Coverage
State FarmAverage Annual Premium$4,067
TravelersAverage Annual Premium$5,336
NationwideAverage Annual Premium$5,664
GEICOAverage Annual Premium$5,897
AllstateAverage Annual Premium$8,351
ProgressiveAverage Annual Premium$9,249
FarmersAverage Annual Premium$9,957

How Does Location Affect the Cost of Toyota Camry Insurance?

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
AlabamaCheapest CompanyNationwideAnnual Premium$709Monthly Premium$59
AlaskaCheapest CompanyState FarmAnnual Premium$699Monthly Premium$58
ArizonaCheapest CompanyRoot Insurance CompanyAnnual Premium$682Monthly Premium$57
ArkansasCheapest CompanyState FarmAnnual Premium$629Monthly Premium$52
CaliforniaCheapest CompanyAAA CaliforniaAnnual Premium$1,001Monthly Premium$83
ColoradoCheapest CompanyAmerican National P&CAnnual Premium$541Monthly Premium$45
ConnecticutCheapest CompanyGEICOAnnual Premium$693Monthly Premium$58
DelawareCheapest CompanyState FarmAnnual Premium$881Monthly Premium$73

Frequently Asked Questions About Toyota Camry Insurance

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

What company has the cheapest car insurance for a Toyota Camry?
What company offers the best car insurance for a Toyota Camry?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.