Toyota Camry insurance rates

How much is car insurance for the Toyota Camry?

The Toyota Camry is an award-winning midsize sedan that is best known for comfort and safety. It comes standard with a suite of great safety features that could help you save on insurance. The average cost of auto insurance for a Toyota Camry is $440 a month — or $5,280 a year. With a base price of $33,985, the annual insurance cost–to–base car price ratio is 15.5%.

Compare insurance for your Toyota Camry

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Name	Product	Accident Forgiveness	Min. Liability Coverage	Discounts Available	Online Claims	Available Provinces
Surex Auto Insurance		Yes	$1,000,000	Up to 25%		Alberta, New Brunswick, Newfoundland, Northwest Territories, Nova Scotia, Nunavut, Ontario, PEI, Yukon	Submit one application and receive quotes from 10+ insurers. Save up to 25% on your car insurance, plus get access to an insurance advisor. Who it might be good for: Drivers looking to use an insurance broker to compare multiple pricing and coverage options.	Get a quoteMore Info Compare	loading Fetching your data...
Aviva Car Insurance		Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon	Aviva car insurance offers customizable policies, discounts and optional insurance coverage add-ons. Get a free quote through Surex. Who it might be good for: Drivers looking to customize their auto policy.	Get a quoteMore Info Compare	loading Fetching your data...
Travelers Car Insurance		Yes	$1,000,000	Up to 25%		Alberta, Northwest Territories, Nova Scotia, Nunavut, Ontario, Yukon	Travelers auto insurance offers a selection of coverage options for just about any type of vehicle. Get a free quote through Surex. Who it might be good for: Drivers looking to get car, motorcycle, classic car, motorhome or recreational vehicle coverage.	Get a quoteMore Info Compare	loading Fetching your data...

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Toyota Camry car insurance rates by model

• How we got these rates

  To determine these estimated costs, we aggregated quotes from insurance companies using this profile:

  • Single, 35 year old female
  • Latest model vehicle
  • 20,000 km driven yearly
  • Perfect driving record
  • Equipped with winter tires
  • Driver located in Etobicoke, Ontario

  Our estimated price is for full insurance coverage, which usually includes mandatory liability coverage, comprehensive and collision coverage.

  Other factors that can affect your auto insurance rate

  • The model year
  • The vehicle’s trim
  • The amount of coverage you need
  • The estimated kilometres you drive in a year
  • The vehicle’s safety and anti-theft features
  • The driver’s credit score
  • The driver’s location
  • The driver’s age
  • The driver’s driving history in the past several years
  • The driver’s marital status
  • Your (or the driver’s) gender
  • Whether the driver rents, leases or owns the vehicle

How to compare insurance for the Toyota Camry

The stalwart Camry is cheap and easy to insure, making your search for car insurance simple. Consider what extra coverage you want above your provincial minimum coverage plus how you’ll be using your sedan.

• Price. In order to accurately compare your options by price, you’ll need to use the same driver and vehicle details for every quote.
• Deductible. When comparing policies, be aware that the deductible amount can affect the cost of your premiums. If you’re getting quotes, make sure to use the same deductible amount for each provider.
• Minimum coverage. Coverage is mandatory across the country. Make sure your potential policy meets your provincial minimums before moving forward.
• Additional coverage. Before deciding on a policy, make sure to consider any additional coverage options you may need, and don’t forget to include them when getting quotes.
• Extras. Before choosing a provider, find out what features each policy includes and which extras are available.
• Restrictions. Find out if any restrictions apply to your policy to avoid gaps in coverage or denied claims.
• Manufacturer offer or loyalty discount. Find out if your manufacturer has any special offers or loyalty discounts through partnerships with insurance providers.
• Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for Toyota Camry?

Insurance providers evaluate your chances of filing claims when determining your cost of insurance. Since theft rates, vehicle performance, repair costs and other factors can vary between makes and models, your choice of vehicle often has a direct impact on the amount you pay for auto insurance. Here’s how the Toyota Camry compares to other vehicles.

• Body type. The Toyota Camry is a sedan that’s designed for daily driving, commuting, road trips and other safe uses, which should bring down the cost of auto insurance.
• Type of car. The Camry is a comfortable and safe midsize car. This should make for affordable insurance premiums.
• Theft. The Toyota Camry is one of the most frequently stolen vehicles, which may increase the cost of insurance.
• Repairs. The Toyota Camry needs little maintenance and has low repair costs, two factors that could lead to lower insurance premiums.
• Fuel type. The Camry has a gas engine, which is cheaper to insure compared to vehicles with diesel, hybrid or electric engines.
• Trim & packages. Choosing trims or packages that increase power or overall value may lead to higher premiums. That said, options that improve visibility and safety may be eligible for auto insurance discounts.

Does the Toyota Camry qualify for auto insurance discounts?

You could save money on car insurance for your Toyota Camry if it comes equipped with these safety features.

• Anti-lock brake discount
• Anti-theft discount
• Passive restraint discount (Airbags, motorized seat belts, etc.)
• Emergency roadside assistance discount

Toyota Camry safety & reliability ratings

The Toyota Camry has been around since 1982. The midsize car is known for its spacious seating, comfortable ride and high safety scores.

The Insurance Institute for Highway Safety (IIHS) awarded the 2020 Toyota Camry a Top Safety Pick+ for their midsize car/4-door sedan category.

J.D. Power gave the 2020 Camry a 82/100 rating for quality and reliability, making it one of the most reliable vehicles in its class.

Toyota Camry maintenance

The Toyota Camry is a midsize sedan that’s designed to provide a safe and comfortable driving experience no matter how far you’re taking it. It has above average reliability ratings and low average repair costs, meaning that it probably will not require frequent maintenance. With that said, routine service appointments can ensure that everything is running smoothly, helping you extend the life of your vehicle. Here’s what you should know:

• Toyota recommends an oil change every 8,000 kilometres or 5 months, whichever comes first.
• Oil changes for a Toyota Camry should cost between $75 and $125, but your actual cost could vary.
• Consult your owners manual or contact your dealership for more information on the Toyota Camry’s maintenance schedule.

Is an extended warranty worth it for the Toyota Camry?

The Camry comes with Toyota’s standard 3-year/60,000 km limited warranty, along with a 5-year/100,000 km powertrain warranty and 5-year corrosion coverage. The standard warranty covers all parts other than normal wear such as oil and air filters, tires and so on.

It’s unclear whether or not Toyota offers any extended warranty options, but you should ask your dealer for more information. That said, Toyota vehicles are extremely reliable and have low average repair costs, so you should decide whether the cost an extended warranty is worth the cost.

Bottom line

The Toyota Camry has been around since 1982 and has long been considered a top-rated midsize sedan. It holds incredible safety ratings and comes equipped with award-winning safety and driver assistance features that may be eligible for auto insurance discounts. You should compare your options to get quotes from multiple providers and determine which is best for your situation.

Frequently asked questions about the Toyota Camry

• How do I get the best auto insurance rates for the Camry?

  The Camry comes equipped with a number of award-winning safety and driver assistance features that may be eligible for discounts. That said, discounts and rates vary between providers, so you’ll need to get quotes from multiple sources to find the actual price you’ll pay for coverage.

• What is the best auto insurance provider for the Toyota Camry?

  There is no single best provider for the Camry. Auto insurance policies and rates are affected by a number of driver and vehicle-related factors, so you’ll need to compare your options and get multiple quotes to find out which is best for your situation.

• How do I find out my province's minimums for car insurance?

  You can learn more about provincial minimums here, by selecting your province or territory in the top right hand corner. Or you can speak with your provider to find a policy that suits your needs. When shopping around, it’s essential to find a policy that fits into your budget but also fulfills your provincial minimum requirements.

Written by

Peter Carleton

Writer

Peter Carleton is a freelance writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. See full bio

Co-written by

Jaclyn Hurst

Associate Publisher, Investments

Jaclyn Hurst was an associate publisher at Finder. She has a Bachelor’s degree in Business from Redeemer University and a University Certificate in Management Foundations from Athabasca University. She’s as passionate about business and finance as she is about the great Canadian outdoors, organic Sumatra coffee and music. See full bio