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.
Get all the best quotes from leading providers in a click of a button!
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 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.
Geico has the worst customer service! They changed my policy without my authorization and doubled my monthly payments in error!
Terrible company when it comes to honor their liability for other automobilists. Their driver crossed right light, destroyed my vehicle and liberty mutual denied my claim. First, for months they did not respond our emails. Than I called and their agent Danelle Bechard asked me to email her the details of the accident. another two months passed and again, no response from her. I called again and she was like, let me check your email and said, your claim is denied. She decided in few seconds after checking my email. In fact she never read my emails, just wanted to give me false hope. They could do investigation, they could read my emails, they could go through pictures but hey had already decided to deny my claim. They knew that I do not have a camera in my car or any witness. I am an Uber driver, I lost my car, and my job because of this accident. I had to borrow money from friends to purchase another car and I still owe money. Just because I cannot prove it, does not mean it did not happen. I could not do anything so just writing this review.
THE WORST INSURANCE COMPANY IN THE WORLD. Had the for 5 years, cost doubled neve had a claim of ticket, no service dept. They keep changing my policy without my approval. AND paid payment on line. They took a extra $4000 . Took a year to get them to admit there wrong. Customer service is like talking to 4 year old. I wouldn't trust this company with a dime. Now have a good HONEST company thats $489 cheaper on my auto policy alone. NEVER trust aaa..
Not all those who wander are lost.
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