Skip to main content

Investigating the Dynamics of Toyota Camry Insurance Premiums Across Different Model Years

Car insurance rates for a   Camry Toyota in   California Los Angeles

Estimated cost for car insurance $1.290 dollars.

Investigating the Dynamics of Toyota Camry Insurance Premiums Across Different Model Years

Purchasing an insurance policy for your Toyota Camry isn't a decision to be made in haste. Rather, it demands a thorough investigation of different insurers, a clear understanding of how they price their policies, and a careful review of your car's model year. Remember, auto insurance providers have unique ways of assessing the risks associated with insuring a specific car, resulting in diverse prices for the same model.

Key Insights

  • Typically, the annual insurance cost for a Toyota Camry stands at about $1,290, which is somewhat less than the average premium for car insurance, usually around $1,435 per year.
  • Toyota Camry insurance premiums can fluctuate annually by up to $510, depending on the insurance carrier.
  • Older models of Toyota Camry generally attract lower premiums, with yearly prices potentially varying by up to $410, depending on the model year.

Comparing Insurance Costs Across Different Companies

Choosing an insurance carrier significantly influences your Toyota Camry insurance premium. Generally, the average annual cost of insuring a Toyota Camry stands at approximately $1,290, though this may vary by insurer.

USAA comes out on top as the cheapest provider, offering an average yearly rate of $1,075, while Allied is the most costly, with a yearly average rate of $1,580. Depending on your choice of company, you could save upwards of $510 annually.

Table 1: Average Annual Toyota Camry Insurance Cost by Company

Company Average Annual Rates
USAA $1,075
GEICO $1,090
State Farm $1,235
Progressive $1,325
Nationwide $1,365
Allstate $1,540
Allied $1,580

Is a Toyota Camry Expensive to Insure?

When it comes to setting insurance premiums, carriers take into account several factors, including the car's model. Expensive models tend to attract higher insurance rates, while less expensive cars come with cheaper premiums.

Toyota Camry insurance rates are generally affordable. Being a model with a lower market value, the repair costs for a Toyota Camry are also less costly. Moreover, this model boasts lower horsepower, implying that the car is less likely to be involved in severe accidents. Therefore, these factors contribute to auto insurance providers charging less to insure a Toyota Camry.

The Ideal Insurance Company for a Toyota Camry

Apart from the cost, various other factors come into play when purchasing auto insurance. Using a unique rating system, USAA emerged as the most suitable option for a Toyota Camry, offering policies exclusively for military members and their families. The next best option is GEICO.

Table 2: Insurance Companies Rating for Toyota Camry Insurance

Rank Company Score
1 USAA 99
2 GEICO 89
3 State Farm 84
4 Progressive 79
5 Nationwide 79
6 Allstate 71
7 Allied NA

Insurance Costs by Model Year

Insurance providers also factor in a car's age when determining rates. As the value of a car depreciates over time, older models generally have cheaper collision and comprehensive insurance rates.

Table 3: Average Insurance Cost by Model Year

Model Year Average Annual Rates
2020 $1,420
2019 $1,345
2018 $1,305
2017 $1,285
2016 $1,265
2010 $1,095
2005 $1,010

Comparing Insurance Costs of Toyota Camry with Other Cars

In comparison to the average car model, the cost to insure a Toyota Camry is relatively low. On average, Toyota Camry owners pay around $1,290 per year, slightly lower than the $1,435 average across all car models.

Insurance Costs for Young Drivers

Age significantly impacts Toyota Camry insurance rates, with insurers typically charging younger drivers more due to their limited experience on the road. On average, an 18-year-old pays $4,170 per year for Toyota Camry insurance, compared to $2,900 for a 40-year-old driver.

Table 4: Average Toyota Camry Insurance Cost by Driver Age

Age Average Annual Rates
16 $5,350
17 $4,740
18 $4,170
19 $2,990
20 $2,670

Relevant Questions

  1. How does the location of the driver affect the insurance costs of a Toyota Camry? The location or settlement of a driver significantly impacts the insurance costs of a Toyota Camry. Insurance providers factor in the local crime rates, population density, and the number of accidents in an area when setting premiums. For instance, urban areas with high traffic congestion might have higher insurance rates due to increased risks of accidents. Conversely, rural areas with less traffic may attract lower insurance rates.

  2. How does the Toyota Camry's safety rating impact its insurance cost? The Toyota Camry's safety rating has a significant effect on its insurance cost. The National Highway Traffic Safety Administration (NHTSA) and the Insurance Institute for Highway Safety (IIHS) provide safety ratings for vehicles, based on their performance in crash tests. A higher safety rating usually means lower insurance costs because the vehicle is deemed safer and less likely to result in large insurance payouts.

  3. What role does the driver's credit score play in the insurance rates for a Toyota Camry? The driver's credit score can play a considerable role in determining the insurance rates for a Toyota Camry. Most insurance companies use credit scores as an indicator of risk. A lower credit score may result in higher insurance premiums because insurers consider those with poor credit as more likely to file claims.


Remember, it's crucial to get auto insurance quotes from different companies to find the best deal suitable for your Toyota Camry. Make an informed choice by considering factors such as price, company reputation, coverage options, customer service, and the insurer's financial stability.


Lowest rates in California $364
Average rates in California $1821
Highest rates in California $6.374
Please note that these prices are indicative only and costs may vary depending on the type of policy and an insurance agent you choose.
The content "Investigating the Dynamics of Toyota Camry Insurance Premiums Across Different Model Years" has been written 1 year 5 months ago. Demonstrate your skills and willingness to help and answer right now! Issue is related to the location of California, Los Angeles & vehicle model: Camry, Toyota. Are you an insurance agent (living around California, Los Angeles) who can offer auto insurance quotes online? As an insurer, you can offer insurance quotes (free). Expected or offered car insurance price is around or under 1.290 dollars. Latest answer commented 1 year 5 months ago.

Commissioner

  • Dave JonesCommissioner
  • (Chair, Western Zone)
  • California Department of Insurance
  • 300 Capitol Mall, Suite 1700
  • Sacramento, California 95814
  • Phone: 916.492.3500 
  • Fax: 916.445.5280
  • 45 Fremont Street, 23rd Floor
  • San Francisco, California 94105
  • Phone: 415.538.4010 
  • Fax: 415.904.5889
  • 300 South Spring Street
  • South Tower 
  • Los Angeles, California 90013
  • Phone: 213.346.6464
  • Fax: 213.897.9051

Department of Insurance

To request professional legal assistance with an insurance question or file an insurance-related complaint online, please visit website of - State insurance commissioners.

Would you like to know if an insurance company is licensed in Los Angeles, California or any other U.S State? How much does Camry, Toyota car insurance cost? To speak (chat) with a Division of Insurance Consumer Services representative please follow the link above.

Remember, your Camry, Toyota car insurance has to be purchased through an agent licensed in your State.
unknown 90%
Learn more about rates and terms for your Camry, Toyota and find the cheapest car insurance quotes in Los Angeles, California and other U.S. states to fit your needs and family budget. Understanding car insurance average rates in Los Angeles can help find a good, cheap car insurance policy and a great way to save some money. Would you like to pay less than 1290$ for liability insurance in your state? You can lower your monthly insurance payments by 10 - 30%. How? By doing any of the following.

Ask for better quotes - online

The states with the cheapest car insurance has average rates for this vehicle around $387 dollars, and the states with the most expensive rates are around $2.838 a month/year. The right discount can save you hundreds of dollars off your car insurance bill. Auto insurance companies in Los Angeles, California use rating factors, to determine how much to charge you for coverage. These rating factors include: the make, model and year of your Camry, Toyota and similar vehicles.

Myths about car insurance

How much do you pay to insure your Camry, Toyota? Car insurance rates among states vary widely and insurance companies need to figure out if the applicant is too risky for them to insure. Auto insurance is very expensive, probably one of the most costly part of driving. How much do you pay for your policy in Los Angeles, California? 1290$? More or less?
Car Insurance:  Abarth Car Insurance:  Ac Car Insurance:  Acura Car Insurance:  Alfa Romeo Car Insurance:  Allard Car Insurance:  Alpina Car Insurance:  Alpine Car Insurance:  Alvis Car Insurance:  Amc Car Insurance:  Ariel Car Insurance:  Armstrong-Siddeley Car Insurance:  Ascari Car Insurance:  Aston Martin Car Insurance:  Audi Car Insurance:  Austin Car Insurance:  Austin-Healey Car Insurance:  Autobianchi Car Insurance:  Auverland Car Insurance:  Avanti Car Insurance:  Beijing Car Insurance:  Bentley Car Insurance:  Berkeley Car Insurance:  Bitter Car Insurance:  Bizzarrini Car Insurance:  Bmw Car Insurance:  Brilliance Car Insurance:  Bristol Car Insurance:  Bugatti Car Insurance:  Buick Car Insurance:  Cadillac Car Insurance:  Caterham Car Insurance:  Checker Car Insurance:  Chevrolet Car Insurance:  Chrysler Car Insurance:  Citroen Car Insurance:  Dacia Car Insurance:  Daewoo Car Insurance:  Daf Car Insurance:  Daihatsu Car Insurance:  Daimler Car Insurance:  Datsun Car Insurance:  De-Tomaso Car Insurance:  Dkw Car Insurance:  Dodge Car Insurance:  Donkervoort Car Insurance:  Eagle Car Insurance:  Fairthorpe Car Insurance:  Ferrari Car Insurance:  Fiat Car Insurance:  Fisker Car Insurance:  Ford Car Insurance:  Gaz Car Insurance:  Geely Car Insurance:  Ginetta Car Insurance:  Gmc Car Insurance:  Holden Car Insurance:  Honda Car Insurance:  Hudson Car Insurance:  Humber Car Insurance:  Hummer Car Insurance:  Hyundai Car Insurance:  Infiniti Car Insurance:  Innocenti Car Insurance:  Isuzu Car Insurance:  Italdesign Car Insurance:  Jaguar Car Insurance:  Jeep Car Insurance:  Jensen Car Insurance:  Kia Car Insurance:  Koenigsegg Car Insurance:  Lada Car Insurance:  Lamborghini Car Insurance:  Lancia Car Insurance:  Land Rover Car Insurance:  Lexus Car Insurance:  Lincoln Car Insurance:  Lotec Car Insurance:  Lotus Car Insurance:  Luxgen Car Insurance:  Mahindra Car Insurance:  Marcos Car Insurance:  Maserati Car Insurance:  Matra-Simca Car Insurance:  Maybach Car Insurance:  Mazda Car Insurance:  Mcc Car Insurance:  Mclaren Car Insurance:  Mercedes-Benz Car Insurance:  Mercury Car Insurance:  Mg Car Insurance:  Mini Car Insurance:  Mitsubishi Car Insurance:  Monteverdi Car Insurance:  Moretti Car Insurance:  Morgan Car Insurance:  Morris Car Insurance:  Nissan Car Insurance:  Noble Car Insurance:  Nsu Car Insurance:  Oldsmobile Car Insurance:  Opel Car Insurance:  Packard Car Insurance:  Pagani Car Insurance:  Panoz Car Insurance:  Peugeot Car Insurance:  Pininfarina Car Insurance:  Plymouth Car Insurance:  Pontiac Car Insurance:  Porsche Car Insurance:  Proton Car Insurance:  Ram Car Insurance:  Reliant Car Insurance:  Renault Car Insurance:  Riley Car Insurance:  Rolls-Royce Car Insurance:  Rover Car Insurance:  Saab Car Insurance:  Saleen Car Insurance:  Samsung Car Insurance:  Saturn Car Insurance:  Scion Car Insurance:  Seat Car Insurance:  Simca Car Insurance:  Singer Car Insurance:  Skoda Car Insurance:  Smart Car Insurance:  Spyker Car Insurance:  Ssangyong Car Insurance:  Ssc Car Insurance:  Steyr Car Insurance:  Studebaker Car Insurance:  Subaru Car Insurance:  Sunbeam Car Insurance:  Suzuki Car Insurance:  Talbot Car Insurance:  Tata Car Insurance:  Tatra Car Insurance:  Tesla Car Insurance:  Toyota Car Insurance:  Trabant Car Insurance:  Triumph Car Insurance:  Tvr Car Insurance:  Vauxhall Car Insurance:  Vector Car Insurance:  Venturi Car Insurance:  Volkswagen Car Insurance:  Volvo Car Insurance:  Wartburg Car Insurance:  Westfield Car Insurance:  Willys-Overland Car Insurance:  Xedos Car Insurance:  Zagato Car Insurance:  Zastava Car Insurance:  Zaz Car Insurance:  Zenvo Car Insurance:  Zil

Minimum insurance requirements

The minimum amount of liability insurance you must have on your policy is:

  • $15,000 for injury/death to one person.
  • $30,000 for injury/death to more than one person.
  • $5,000 for damage to property.
Do you know the answer?
Are you an agent? Offer a price!
Can you help us with this query?
Write answer now!

Comments: answer or ask!

"Investigating the Dynamics of Toyota Camry Insurance Premiums Across Different Model Years"

California Camry Los Angeles Toyota

I agree with Terms & Privacy Policy

Compare Car Insurance Rates: Investigating the Dynamics of Toyota Camry Insurance Premiums Across Different Model Years & Agents in CA, Anaheim

© 2017 carsurer.com