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Whether you have a brand new Toyota Camry hybrid sedan or a trusty used Toyota Camry that's still kicking, you'll need a car insurance policy before you can take her for a spin. Average premiums for the Camry are just a few dollars higher than the average for all vehicles, but some companies — including GEICO and State Farm — offer cheaper Toyota Camry insurance rates. We'll cover the best insurance providers for the Camry and provide some tips on how to reduce your premium.
How we evaluate products
To choose the best insurance companies for the Toyota Camry, we compared customer reviews, third-party ratings, coverage options, discounts, and digital tools for the 10 major insurers that offer the cheapest premiums for the Camry, according to data from Insurify. While we focused primarily on insurance costs, the companies we chose are also reputable and offer great coverage for Camry drivers.
Best Toyota Camry insurance companies
| Company name | Excellent for | Average monthly full coverage cost | Average monthly liability-only cost |
| State Farm | Best overall | $116 | $55 |
| GEICO | Young drivers | $142 | $111 |
| American Family | Low-mileage drivers | $149 | $74 |
| Nationwide | Safe drivers | $181 | $90 |
| Allstate | New Camry owners | $133 | $66 |
| USAA | Military | $99 | $50 |
State Farm
- AM Best: A++ (superior)
- J.D. Power claims satisfaction: 710/1,000 (study average 697)
- BBB: Not accredited with an F rating
- NAIC complaints: 0.84 (fewer complaints than expected for company size)
State Farm's average Toyota Camry insurance rates are among the cheapest of the providers we reviewed. The company also stands out for its excellent third-party ratings, including the top financial strength grade from AM Best, a high claims satisfaction rating by J.D. Power, and a high score in most regions for broader customer satisfaction in another J.D. Power study. State Farm offers an array of auto insurance discounts, including two usage-based programs and a few vehicle equipment discounts Camry owners may qualify for. The F rating from BBB is an outlier caused by State Farm's nonresponsiveness to complaints filed with the BBB. Whereas everywhere else State Farm is highly rated.
I have firsthand experience with State Farm as a policyholder, and I've found the company's customer service, claims process, and roadside assistance service to outshine other car insurance companies I've used in the past. State Farm also offers a generous bundling discount if you get your homeowners insurance from the company.
- Excellent third-party ratings
- Dedicated insurance agent for every policyholder
- Cheap premiums for Toyota Camrys on average
- Fewer optional coverages than some competitors
- Poor customer reviews with the BBB
Learn more in our State Farm review.
GEICO
- AM Best: A++ (superior)
- J.D. Power claims satisfaction: 692/1,000 (study average 697)
- BBB: Not accredited with an A+ rating
- NAIC complaints: 0.75 (fewer complaints than expected for company size)
The Toyota Camry has been popular with Gen Z — it makes a great first car due to its reliability, fuel efficiency, and affordable repairs. Not only is GEICO the 2nd-cheapest insurer for the Camry, according to average data from Insurify, but the company also offers relatively cheap rates for drivers in their teens and 20s. Plus, GEICO offers a long list of discounts, including savings for completing a driver education course and discounts for students.
- 2nd-cheapest premiums for Toyota Camry drivers
- Longer list of discounts than most other insurers
- Offers mechanical breakdown insurance to help with non-accident repairs
- J.D. Power customer satisfaction ratings vary by region
- Many customer complaints with the BBB
- Poor Trustpilot rating
Learn more in our GEICO review.
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American Family
- AM Best: A (excellent)
- J.D. Power claims satisfaction: 692/1,000 (study average 697)
- BBB: Not accredited with an A+ rating
- NAIC complaints: 0.26 (far fewer complaints than expected for company size)
AmFam offers a great low-mileage savings program, MilesMyWay, which may provide savings up to 25% for people who drive less than 8,000 miles annually. The company doesn't require an app or device to track your driving behavior — instead, you just snap a photo of your odometer — and there's no risk of a premium increase if you end up driving more than you expected. American Family also offers a selection of coverage add-ons, including a Travel Peace of Mind package for avid roadtrippers and GAP insurance for new Camry owners.
- Savings for low-mileage drivers
- Excellent Trustpilot rating, rare in the industry
- Very low NAIC complaint index indicates customer satisfaction
- Higher Camry premiums than some competitors
- Available in only 18 states
Learn more in our American Family review.
Nationwide
- AM Best: A (excellent)
- J.D. Power claims satisfaction: 728/1,000 (4th place, study average 697)
- BBB: Accredited with an A+ rating
- NAIC complaints: 0.39 (far fewer complaints than expected for company size)
Nationwide's usage-based program, SmartRide, is top ranked by J.D. Power and offers an industry-leading discount of up to 40% for safe driving habits. The company also offers a discount for drivers who have been accident and violation free for 5 years. Nationwide won 4th place for claims satisfaction in a J.D. Power study. And the company offers some unique coverage add-ons like accident forgiveness and a diminishing deductible. New Camry owners can also get GAP coverage from Nationwide.
- Highly rated usage-based program
- Highly rated for claims satisfaction by J.D. Power
- Low NAIC complaint index
- Higher Camry premiums than some competitors
- Customer satisfaction ratings vary by region
- Not available in all states
Learn more in our Nationwide review.
Average rate:
Allstate
- AM Best: A+ (superior)
- J.D. Power claims satisfaction: 691/1,000 (study average 697)
- BBB: Not accredited with an A- rating
- NAIC complaints: 1.00 (expected number of complaints for company size)
Allstate offers options that may appeal to drivers who just bought a Toyota Camry, including new car replacement coverage for models two years old or less, which protects your investment against depreciation. The company also offers a new car discount and a couple of vehicle equipment discounts, including an anti-lock brake discount (Camry model years 2019 and newer come standard with anti-lock brakes) and an anti-theft discount (newer Camry models come with an anti-theft alarm and engine mobilizer). Allstate also offers affordable rideshare coverage.
- Offers new car replacement coverage
- Safe Driving Bonus Program provides credits for staying accident free
- Several vehicle equipment discounts
- Below-average ratings in multiple J.D. Power studies
- Poor customer reviews with the BBB
Learn more in our Allstate review.
USAA
- AM Best: A++ (superior)
- J.D. Power claims satisfaction: 726/1,000 (study average 697)
- BBB: Not accredited with an A+ rating
- NAIC complaints: 0.97 (about expected number of complaints for company size)
If you can qualify for USAA insurance (membership is open to military members, veterans, some federal employees, and their immediate families), this company may be your best bet for Toyota Camry car insurance. USAA offers the cheapest Camry insurance premiums of the providers we reviewed, charging just $50/month on average for liability coverage. Plus, the company holds the top financial strength grade with AM Best and is highly rated for claims satisfaction by J.D. Power. USAA also offers generous discounts, including up to 60% savings for storing your vehicle and a new car discount.
- Excellent third-party ratings
- Cheapest provider for Toyota Camry insurance
- Offers usage-based insurance for safe drivers
- Poor customer reviews on average
- Few optional auto insurance coverages
- Available only to USAA members
Learn more in our USAA review.
What factors affect Toyota Camry insurance rates?
- Camry model year: Since new Toyota Camrys are worth more and cost more to repair than older used Camry models, car insurance premiums are typically higher for newer Camrys. The safety record of that model and the risk of theft will also impact your rate.
- Security features: Depending on your Camry model year and trim level, your car may have an anti-theft system that could earn you a discount on your policy.
- Location: Average premiums vary from one ZIP code to the next, due to differences in theft and accident rates, mechanic and attorney wages, medical care costs, local weather events, and the likelihood of litigation. Urban Camry drivers tend to pay more, especially in cities with a high cost of living.
- Coverage options: State minimum liability coverage is cheaper than full coverage. The liability limits and deductible you choose will also affect your premium. And you'll typically pay extra for optional coverages like roadside assistance.
- Driver profile: For the drivers listed on your policy, insurers consider age, gender, credit score (in most states), driving record, and use of the vehicle when determining the premium for your Camry.
How to lower Toyota Camry insurance costs
If you want to lower your car insurance premium for your Toyota Camry, consider the following tips:
- Compare car insurance quotes: Since every insurer weighs your information a little differently when determining your premium, it's wise to collect quotes from multiple companies. You can start with the companies in this guide vor check out our list of the best car insurance companies.
- Seek discounts: Check whether your Camry is eligible for vehicle equipment discounts. You can also ask about payment discounts, student discounts, multi-policy and multi-vehicle discounts, and other ways to save money on car insurance.
- Raise your deductible: Choose a high deductible to reduce your premium. Just remember, you'll be responsible for that amount if you file a collision or comprehensive claim and need to repair your car.
FAQs
Is insurance high on a Toyota Camry?
The average premium for a Toyota Camry is just slightly more expensive than the national average premium for all vehicles, according to Insurify data. The Camry costs more to insure than most other Toyota models. The average full-coverage premium for the Camry is $203/month.
Are Toyotas more expensive to insure?
The average cost to insure a Toyota is similar to the national average premium across all vehicles, according to Insurify data. The cheapest model to insure is the Toyota Sienna, and the most expensive model to insure is the Toyota Corolla.
Is it worth buying a Camry?
Choosing a car is a personal decision, but the Toyota Camry is a popular option for its fuel efficiency and comfortable interior. Toyotas are known to be reliable and have a relatively high resale value, so buying a Camry may be a wise financial decision.
Bottom line
Choosing an insurance company for your Toyota Camry isn't as easy as picking a body color for your sedan, but some auto insurers stand out from the pack. GEICO, USAA, and State Farm are a few of the companies that offer affordable rates and great coverage for the Camry. To find the best deal for your coverage needs, be sure to compare car insurance quotes from a few different insurance companies.
Average rate:
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