Toyota Camry Car Insurance Cost & Cheap Quotes (2023)

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.

White Toyota Camry

Toyota Camry Insurance Rates by Model Year

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.


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. Rates for a 2020 Camry are $3,857.88 per year or $321.49 per month on average. 


How Much is Insurance on a 2021 Camry?

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.


How Much is Insurance on a 2022 Camry?

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. 


How Much is Insurance on a 2023 Camry?

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. 


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 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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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. 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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