Toyota began production of the original Toyota Camry in 1979 and during the first few years of the 1980s, it quickly became one of the most popular Japanese sedans on the market. It was larger than its smaller counterpart (the Corolla) and provided drivers with a smoother ride, larger trunk, more legroom, and other luxury features.
Toyota Camry is the third-most-popular vehicle in the United States and the sixth-most-famous car in the country according to recent research. If you drive down your local highway, it's almost impossible to not see at least a few different Camry model years.
If you're wondering about Toyota Camry insurance rates, then you've come to the right site. Below, we're going to answer some of the most commonly asked questions regarding purchasing insurance for the Toyota Camry, some of the factors that determine your Camry auto insurance quotes, and we'll also divulge the average auto insurance cost for different model years of the Toyota Camry.
Here's a table that comprehensively shows the 2023 car insurance rates of for the different model years of Toyota Camry:
| Model | Cost (Per Year) |
|---|---|
| Toyota Camry 2007 | $1,423 |
| Toyota Camry 2008 | $1,577 |
| Toyota Camry 2009 | $1,560 |
| Toyota Camry 2010 | $1,568 |
| Toyota Camry 2011 | $1,125 |
| Toyota Camry 2012 | $1,121 |
| Toyota Camry 2013 | $1,450 |
| Toyota Camry 2014 | $2,674.20 |
| Toyota Camry 2015 | $2,749 |
| Toyota Camry 2016 | $3,123.12 |
| Toyota Camry 2017 | $3,233.96 |
| Toyota Camry 2018 | $3,548 |
| Toyota Camry 2019 | $3,833 |
| Toyota Camry 2020 | $3,857.88 |
| Toyota Camry 2021 | $4,090.36 |
| Toyota Camry 2022 | $4,471.44 |
| Toyota Camry 2023 | $4,565 |
In its popularity, it comes as no surprise that we're always asked about Toyota Camrys when discussing various insurance companies and factors. There are so many Camrys on the road in so many different conditions that the data from insurance companies can seem a bit skewed unless you're an expert on how auto insurance rates work. Here are some answers to the common questions we frequently receive.
Like Honda's competing model, the Accord, the 2020 Camry was a 2020 IIHS Top Pick. This rating was given based on factors such as the car's reliability, dependability, overall value for the money, safety features, and customer satisfaction. Often, the most satisfying cars don't come cheap when it comes to auto insurance. Rates for a 2020 Camry are $3,857.88 per year or $321.49 per month on average.
For 2023, the cost of car insurance premiums for a 2021 Camry is $4,090.36 per year or $340.83 per month. This assumes that you’re 30-40 years old, have a clean driving record, and have a good credit score.
Insuring a 2022 Camry right now will cost $4,471.44 per month or $372.58 per year. Again, this estimate assumes that you have a clean driving record and are 30-40 years old.
Insurance for the latest 2023 Camry is $4,565 per year or $380.41 per month. Premiums are a bit expensive because new cars are very valuable, which is a significant determinant of the cost of car insurance.
The average cost of full-coverage auto insurance in the United States is $1,674. The most expensive Camry on the market costs around $1,400, meaning that the Camry is actually less expensive to insure than most Americans pay. For most, this is just another great incentive to purchase the vehicle.
A Hybrid version costs more to insure. For example, the 2023 Hybrid Camry costs around $4,740 per year or $289.16 per month. On average, most drivers pay 7% extra in premium fees to insure a hybrid vehicle.
The reason why insurance companies typically charge extra to purchase auto insurance on a hybrid is due to two key reasons:
Hybrids are worth more money.
Hybrids are driven more.
Although many dealerships do offer special deals to buyers purchasing hybrid vehicles, they also tend to hold their value for longer. Additionally, the parts to fix a hybrid vehicle tend to be more expensive than that of a standard gas Camry. These two factors alone are enough to increase the premium instated by the insurance company.
However, an additional piece of data is that hybrid vehicles are generally driven more often than their gas counterparts. The extra time on the road means that the driver's risk level goes up.
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You may remember the Toyota Camry as an affordable economy car in the late-1990s and early-2000s. However, the past two decades have seen the brand completely transform. The Camry now comes equipped with more safety features and luxury add-ons. Even its smaller counterpart, Toyota Corolla, is loaded with modernized features.
The reliability and safety ratings have continued to capture the eye of auto magazines as well. All in all, Toyota Camrys (and most other Toyotas, for that matter) hold their value very well, leading to higher-than-expected prices for used cars.
Overall, Toyota Camrys are quite affordable to insure. However, there are a few things that you can do to increase your chances of getting a better deal.
The most straightforward way to get a good deal on your Camry insurance is to shop around with multiple companies. Often, if you let the salesperson know that you've been shopping around, they might be willing to give you special deals. This is also the case if you're switching from another insurance provider.
If you have multiple pieces of property (such as another vehicle, a home, or you rent an apartment), then you can bundle all of your insurance policies together with the same provider and receive a discount for using the same insurance company.
Last but not least, another easy way to get a discount on your auto insurance is to ask to pay a higher deductible. This is the amount that you'll pay out of pocket before the insurer steps in and covers the rest of the bill. The more you're willing to pay upfront, the lower your premium payments will be.
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Image:
By Mr.choppers - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=81913603
sources:
https://today.yougov.com/topics/transport/explore/model_of_car/Toyota_Camry
https://www.iihs.org/ratings/vehicle/toyota/camry-4-door-sedan/2020
I just had an appalling experience trying to cancel my Mom's AAA insurance after she developed dementia and stopped driving. They threw up every barrier to what should have been a simple process, and even refused to accept my Power of Attorney documents electronically. The representative was extremely rude and copped an attitude. I think they refuse to close accounts so they can keep fraudulently charging non-driving seniors. This is a crooked company, and nobody should do business with them.
On May 10, 2023, I was involved in an accident with one of USAA's clients. Everything proceeded smoothly until they decided to give me the runaround in repairing my car or compensating me for its worth. The adjuster was nowhere to be found, and it took me a couple of months to receive any response from them. They informed me that my car was a total loss and provided a specific amount they were willing to pay for it via email, stating that I could dispute it if I could find a car in the same category with the same mileage within a 100-mile radius. Unfortunately, I couldn't find an exact match, but I did find a vehicle that was one year older and one year newer, so I disputed the price they were offering. They assured me they would get back to me in a couple of weeks, but I never heard from them again. Frustrated, I took the step of filing a complaint against them with the Texas Department of Insurance and the Office of the Attorney General. However, I received no assistance beyond the insurance company responding to me and denying my dispute without providing any tangible reasoning. This was after three months of back-and-forth since my car accident, with no access to a replacement vehicle or rental car. Now, it has been five months, and they are attempting to push the responsibility onto my own insurance. These actions indicate that these individuals are playing games with people's lives, and there seems to be no one holding them accountable. It is disheartening to realize that we live in a country that is supposed to protect average citizens from being taken advantage of by large companies like USAA, but this has proven to be far from the truth. I have lost trust in the entire system, and I am determined to stop paying insurance premiums to these corporate entities that seem only interested in taking our hard-earned money every day, without delivering the support they promise.
I was shopping for auto insurance on 11th September 2023. Liberty took$8614 out of my bank that same night without my permission. And now they will not return my hard earned money. Every time I call ,they give me sorry excuses. And now they tell me that ,yes we took your money by fraud. Go write your congressman. But we'll give it back to you in 15 days. Meanwhile my bills are piling. Liberty Mutual stole my money. Please avoid Liberty Mutual at every cost.
I have dealt with many auto insurance companies in my life time but none as deceitful as AAA!! I signed up with a AAA insurance agent back in March. The premium I was would be $138/month-(all good). The agent told me I had to pay 4 months in advance so I gave my credit card to pay for the 4 months including the current month. One month later I received my monthly invoice for payment. The amount due had jumped from $138 (monthly) to $276. I called AAA and they said this was because of an accident that occurred 5 months prior where the other driver was at fault, though the case was still had yet to be closed. AAA would not accept the quoted premium of $138/month. So I shopped for a new insurance policy. A division of Farmers Insurance (Toggle) sold me their auto policy which was superior to AAA at $118/month with only $500 deductible. I canceled AAA and jumped onto the Farmers policy. I contacted AAA to cancel the policy and requested the 3 months paid in advance be reimbursed to me. I was told that I would not be reimbursed and in fact I was still responsible for the premium payment of $276 - that this payment would not be forgiven. I have since filed a claim with the BBB (Better Business Bureau) and if this fails I will take AAA to small claims court. Prior to this experience I respected the AAA name. I've learned that this company is simply TOO BIG and feel they can take advantage of their customers at will. I have since canceled EVERYTHING AAA (roadside service and an insurance policy). This big business corporation is NOT TO BE TRUSTED!!!!
Total scam. Beware. They use drive easy app to bat and switch.
Not all those who wander are lost.
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