Toyota Camry insurance rates
Shedding light on car insurance prices
Average Toyota Camry insurance rates
The Toyota Camry is an award-winning midsize sedan that is best known for comfort and savety. It comes standard with a suite of great safety features that could help you save on insurance, but how much will you really pay?
According to our estimates, the average cost of auto insurance for a Toyota Camry is $175 a month — or $2,100 a year. This number is nearly $1000 above the national average, but your actual cost may vary since the cost of insurance depends on a number of factors. That’s why it’s important to get quotes that reflect your actual situation before choosing a provider and policy.
Companies that offer auto insurance for Toyota Camry
State Farm. With over 45 million auto insurance policies in force, State Farm is the largest auto insurance provider in the country. It offers a selection of policy options backed by a network of over 18,000 local agents that provide one-on-one service.
Nationwide. Best known for its slogan, “Nationwide is on your side”, this provider lives up to its promise with stellar customer service. Besides its great selection of policy options, this provider also offers great perks like the Plenty Rewards Program and On Your Side auto repair program.
Esurance. Esurance was one of the first providers to sell coverage online and offers a convenient shopping experience through its website and mobile app. Choose this provider for customizable coverage, 24/7 claims and other great perks.
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How to compare insurance for the Toyota Camry
Whether you’re thinking about buying a new vehicle or trying to find the best way to protect your Toyota Camry, it’s important to budget for the cost of auto insurance. Shopping for coverage can be overwhelming and often expensive depending on your driving history, vehicle and other factors. And since auto insurance is mandatory in almost every state, you’ll need to start looking for a policy that fits your situation. The best way to do that is to compare quotes from multiple providers. Here’s how:
- 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. Outside of New Hampshire and Virginia, coverage is mandatory. Make sure your potential policy meets your state 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.
- Safety ratings. According to U.S. News and J.D. Power, the Camry has a perfect 10/10 safety rating. This should make it cheaper to insure.
- 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.
Toyota Camry money-saving safety features
You could save money on car insurance for your Toyota Camry if it comes equipped with these safety features.
- Airbags
- Anti-lock brakes
- Anti-theft device
- Parking sensors
- Surround view camera system
- Daytime running lights
- Electronic stability control
- Seatbelt pretensioners
- Rear backup sensors
- Lane-departure warning systems
- Adaptive cruise control
Does the Toyota Camry qualify for auto insurance discounts?
Your vehicle may be eligible for various auto insurance discounts depending on which provider you choose. However, the exact discounts you receive may vary depending on location, provider, options, and other factors. Here are a few that should apply to the Toyota Camry:
- New car discount
- Anti-lock brake discount
- Anti-theft discount
- Passive restraint discount (Airbags, motorized seat belts, etc.)
- Emergency roadside assistance discount
Toyota Camry safety & reliability ratings
Both the IIHS and U.S. News give the 2018 Toyota Camry near-perfect safety ratings in almost every category, which could help you save on auto insurance.
U.S. News and J.D. Power give the 2018 Camry 4.5/5 stars for 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 5,000 miles or 5 months, whichever comes first.
- Oil changes for a Toyota Camry should cost between $75 and $125, but your actual cost could vary.
- The Camry has an average annual repair cost of over $221, which is below average for similar vehicles.
- 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/36,000 mile limited warranty, along with a 5-year/60,000-mile 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. New Toyota vehicles also come with two years or 25,000 miles of ToyotaCare, which covers scheduled maintenance and 24/7 roadside assistance.
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.
About the Toyota Camry
The Toyota Camry has been around since 1982. The midsize car is known for its spacious seating, comfortable ride and high safety scores. From 1997 to 2016, with the exception of the year 2001, the Toyota Camry has been the top selling passenger car in the United States.
Insurance companies determine the insurance cost for a Toyota Camry based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on your driving history and location. If you’re considering a Toyota Camry, grab quotes from several insurance companies to find the lowest premium possible before you commit. Do your research to see if you qualify for insurance discounts.
Random Toyota facts
- Toyota Motor Corporation was founded in 1937 and is known for manufacturing Japanese automobiles. The company came to the United States in 1957.
- Since 2012, Toyota has produced more than 10 million cars per year. Toyota was the first automobile company to produce this many cars in a year.
- Approximately 80 percent of Toyota vehicles that were sold 20 years ago are still being used today.
- The Toyota Corolla is the fastest selling car available. On average, a Corolla model is sold every 27 seconds.
- Toyota base prices start at $16,000 and can go up to $85,000.
Toyota Camry car insurance rates
A 2017 Toyota Camry starts at a base price of $23,070. With the average insurance rate at $2,100 per year, the annual insurance cost–to–base car price ratio is 9.1%.
| Model | Monthly insurance rate | Base car price |
|---|---|---|
| 4runner | $227.00 | $34,210 |
| Avalon | $170.00 | $33,300 |
| Camry | $175.00 | $23,070 |
| Corolla | $179.00 | $18,500 |
| Highlander | $227.00 | $30,630 |
| Land Cruiser | $162.00 | $84,775 |
| Mirai | $220.00 | $57,500 |
| Prius | $177.00 | $23,475 |
| Prius C | $220.00 | $20,150 |
| Prius Prime | $220.00 | $27,100 |
| Prius V | $167.00 | $26,675 |
| RAV4 | $167.00 | $24,410 |
| RAV4 Hybrid | $220.00 | $29,030 |
| Sequoia | $157.00 | $45,560 |
| Sienna | $149.00 | $29,750 |
| Tacoma | $142.00 | $29,750 |
| Tundra | $135.00 | $30,120 |
| Yaris | $181.00 | $15,250 |
| Yaris iA | $220.00 | $15,950 |
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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.
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