Camry Insurance

How the Popularity of the Toyota Camry Affects Insurance Rates

(A quick guide on finding the right insurance)

Toyota Camry

The Toyota Camry has been the best-selling car in America for the last 15 years for good reason. It is well-designed, reliable, affordable, and loaded with safety features.

All of the safety features and the fact that the Camry is a major seller help keep the cost of Toyota Camry car insurance affordable. An independent agent will help you insure your Camry with the coverages you need at a price you can afford. They will answer any questions you may have and ensure that you are getting all available discounts on your car insurance policy.

What Kind of Insurance Do You Need for Your Toyota Camry?

Bodily injury liability: In the unfortunate event that you're in an accident while driving and you're at fault, bodily injury liability insurance pays for costs associated with medical care and recovery for the injured third party. Most states mandate a minimum amount of this policy that all drivers must carry.

Property damage liability: If you or someone who is authorized is driving your car and damages someone's property, property damage liability insurance pays for to repair or replace the property. It's smart to purchase more than the legally required minimum amount since you'll most likely have to pay for damage that exceeds the limits of your policy. 

Medical payments/Personal injury protection: Your agent can help you understand your options when it comes to medical payments insurance or personal injury protection. In some areas, you'll have to buy some amount of one of these types of coverage. If you are in an accident, this policy pays for covered costs related to physical recovery from the incident for both you and your passengers. The following states require this insurance:

  • Delaware
  • Florida
  • Hawaii
  • Kansas
  • Kentucky
  • Maryland (unless a waiver is signed at initial purchase of the policy)
  • Massachusetts
  • Michigan
  • Minnesota
  • New Jersey
  • New York
  • North Dakota
  • Oregon
  • Pennsylvania
  • Utah 

Uninsured motorist coverage: Even though it's illegal, many drivers still hit the road with insufficient or no insurance coverage. Uninsured and underinsured motorist coverage is optional, but since you can't control whether the drivers around you are properly insured, it's a good idea to consider adding this coverage to your auto policy. This extra protection pays for vehicle repairs if you are in an accident with someone who doesn't have enough insurance to handle your claim. 

Optional Coverage:

Collision: Collision insurance coverage will repair or replace your Toyota Camry if you are in a covered accident with another vehicle. Collision coverage is only worth purchasing if the value of your car is significant enough that it will cost a lot to repair. You independent agent can help you determine if collision insurance is right for you.

Comprehensive: Comprehensive coverage is designed to protect you from everything that collision insurance won't. This includes running into animals, falling tree branches, vandalism, or theft. After your deductible, your insurance company will pay the rest of your bill up to your policy limits.

Glass coverage: You can avoid the potentially expensive cost of replacing a windshield by purchasing glass coverage. This no-deductible and affordable policy costs only a few dollars a month and will pay for the cost to replace your windshield.

Gap insurance: When you purchase a new Toyota Camry, the dealership offers gap insurance as an add-on in the finance office. If you declined gap insurance, you can still add it to your auto insurance policy with the help of your agent. If you owe more money on your Toyota Camry than its fair market value, you'll have to pay the difference between the insurance settlement and the total amount due to your bank or lease company if the car is a total loss after an accident. You can purchase gap insurance for any vehicle, and it does not have to be a new buy.

What Affects the Cost of Insurance for Your Toyota Camry?

Annual mileage:
Driving your vehicle more than the average 10,000 to 15,000 miles per year may cause your insurance premiums to go up slightly.
Your driving record:
Drivers who have an at-fault accident or moving violation on their driving records should expect to pay higher insurance premiums.
The value of your vehicle:
The more affordable your car, the more affordable your insurance premiums will be. Your independent agent can help you determine the cost of your insurance based on the value of your Toyota Camry.

The Safety of Your Toyota Camry

The Camry gets top safety marks. It received a five-star overall rating from the National Highway Traffic Safety Administration (NHTSA) and was also awarded the highest rank of “Good” by the Insurance Institute for Highway Safety (IIHS).

It's considered one of the safest vehicles on the road and comes with a wide variety of standard safety equipment, as well as a fantastic selection of advanced safety features. The Camry carries 10 airbags standard along with Toyota’s Star Safety System, which includes anti-lock brakes, traction control, brake assist, vehicle stability control, electric brake force distribution and smart stop technology. 

Available advanced safety features such as a pre-collision system, which detects impending collisions and automatically brings the car to a stop, up the safety factor even higher, and can help push your premiums even lower. 

How Location Affects Your Toyota Camry Insurance 

Because your location has such a dramatic effect on your car insurance premiums, it's crucial to get a personalized quote from your agent. Here's how average Toyota Camry full coverage insurance rates for a 40-year-old driver with a good driving record and a $500 deductible vary from one place to the next:

Rural Areas:Small Cities:Large Cities:
$1,074$1,504$1,933

Additional Factors That Affect Your Toyota Camry Insurance Premiums

  • Safety features like anti-theft devices
  • Age
  • Gender
  • Deductible
  • Credit

Average Cost to Insure a Toyota Camry

Average annual cost to insure a Toyota Camry with full coverage:$1,432
Teens:$5,296
High-risk drivers:$3,106
High deductibles:$1,228
Low deductibles:$1,832
Top three most expensive states for Toyota Camry insurance:
Michigan, Louisiana, Maine$2,040
Top three most affordable states for Toyota Camry insurance: 
Idaho, Maine, Iowa$940

Top Independent Insurance Carriers That Insure the Toyota Camry

According to a recent US Independent Insurance Agent Satisfaction Study by JD Power, the following companies provide excellent service to their insurance customers: 

  1. Progressive
  2. Safeco
  3. Travelers
  4. Auto-Owners Insurance

Where To Find a Toyota Camry Car Insurance Policy

The Toyota Camry is a very popular vehicle with consumers and car thieves, so if you have one in the garage or are considering buying one, you will need to protect it with a comprehensive Toyota Camry insurance policy. 

Our TrustedChoice.com agents will shop a variety of insurance companies to find the best policy for your needs and budget. They will also make sure that you are getting all of the various discounts that you are entitled to receive, which will lower your premium even further.

Contact an independent agent today.

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