Toyota Camry Car Insurance Cost & Cheap Quotes (2021)

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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 Camrys of different 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 Toyota Camry.

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Toyota Camry Insurance Rates by Model Year

Here's a table that comprehensively shows the cost of insurance for Toyota Camry:

Model Cost (Per Year)
Toyota Camry 2007$1,042
Toyota Camry 2008$1,082 
Toyota Camry 2009$1,112
Toyota Camry 2010$1,148
Toyota Camry 2011$1,166
Toyota Camry 2012$1,192 
Toyota Camry 2013$1,238
Toyota Camry 2014$1,290 
Toyota Camry 2015$1,322
Toyota Camry 2016$1,360
Toyota Camry 2017$1,380
Toyota Camry 2018$1,398
Toyota Camry 2019$1,404
Toyota Camry 2020$1,412 
Toyota Camry 2021$1,498

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Toyota Camry Insurance FAQ

Given 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 Camry's 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.

How Much is Insurance on a 2020 Camry?

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.

However, the 2020 Toyota Camry is priced very similarly to the Accord and even the smaller Toyota Corolla. The average cost to insure a 2020 Camry per year is just over $1,400 per year. This number assumes that you're between 30 and 40-years-old and have a clean driving record. Also, keep in mind that your rates could vary, depending on your zip code, credit score, and other factors.

Is Camry Expensive to Insure?

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.

Does Toyota Camry Hybrid Insurance Cost More or Less?

A Hybrid version costs more to insure. For example, the 2020 Hybrid Camry costs around $1,500 per year to insure, which is $100 more than the standard gas version of the Camry. 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. This is usually reflected in the cost of the insurance premiums.

Is Toyota or Honda Cheaper to Insure?

Both Toyota and Honda produce high-quality sedans, SUVs, trucks, and compact cars. However, their price tags are very similar. For example, both the 2020 Camry and the 2020 Honda Accord cost $24,000 brand-new. This means that they pretty much cost the exact same to insure.

Why is Toyota Camry so Expensive?

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 than most of its American and German counterparts. 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.

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Tips for Getting the Best Toyota Camry Insurance Rates

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.

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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.

Bundle Your Policies

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.

Pay More for Deductible

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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