Cheap Insurance for Toyota Camry in 2022

The Toyota Camry is safe, efficient, and modern: three things that can help you save big on insurance. Rates vary from model year to model year, however, and not all years are that affordable to insure.

See our overall recommendations for Best Car Insurance

Who Has The Cheapest Insurance For The Toyota Camry?

We found GEICO to have the lowest prices for car insurance on a Toyota Camry across a range of driver profiles and regions. But you’re likely to find the best rate by comparison shopping.

For our analysis, we sampled information from a number of sources and developed a range of what insurance should cost for a Toyota Camry. That said, it’s important to note that insurance data can take a while to make its way to the public, so the rates we’re listing here are for a 2018 Camry. Rates should be quite similar to what you’ll see to insure a 2022 model, but be aware that there may be some differences. The prices you see below are also averages and don’t take into account the now wide variety of different Camry models available. Also, remember that insurance rates vary wildly from place to place and from driver to driver, so what you see here should only be used as a guide, not as a way to find your exact insurance rates.

Also note that our research focused on the cheapest insurance, which is different from factoring in customer service and other considerations.

DISCLAIMER: There are many factors that determine insurance rates for your Toyota Camry.

Pros and Cons Of Insuring a Camry

  • Some Camry models are very affordable, which cost less to insure
  • Advanced safety features in newer models may yield cost savings
  • Different model years have wildly different average insurance costs

Fast Car Insurance Rate Quotes

Compare quotes from multiple providers to get a good deal.

Get Quotes
Powered By:

Who Has The Best Cheap Insurance For My Toyota Camry?

  • Cheapest Large Insurance Carrier: GEICO - The insurance giant’s rates for the Toyota RAV4 undercut the closest national competition by well over $100.
  • Best Overall: Erie Insurance - The company’s coverage area is large and growing, but if you don’t live in one of the 12 states it covers, you’re out of luck.
  • Best Insurance in All 50 States: GEICO / Erie Insurance - Erie has great coverage if you can get it, but not everyone is fortunate to live in one of the company’s many service areas. In that case, if you make only one call then your best bet is GEICO.

How Much Does Insurance For My Camry Cost?

We worked to get quotes from all major insurers, but some do not provide public rates without going through the quote process. The rates you see below represent the most recent and most available public rates for the Toyota Camry.

Rates we found

(*)Regional or specialty carrier that may not offer service in all areas or to all applicants.

Who Are The Nation’s Best Insurers For The Toyota Camry?

  • GEICO - GEICO is the second largest insurer in the United States, and for good reason. The auto insurance giant offers some of the best rates and customer service in the business. GEICO policies can be upgraded in a number of ways, including emergency roadside service, rental car reimbursement, mechanical breakdown insurance, accident forgiveness, and a program that can cover your Camry if you use it for a ridesharing service like Lyft or Uber.

  • Erie - Though it only covers 12 states, Erie insurance is a strong choice for auto insurance, and deserves a spot on our list. Drivers in Illinois, Indiana, Kentucky, Maryland, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wisconsin, and the District of Columbia can enjoy Erie’s excellent coverage and service. The company offers all sorts of benefits for its customers, including accident forgiveness, travel expense coverage, pet injury coverage, glass repair, locksmith service, and coverage of personal items.

  • USAA - If you're a current member of the military, a veteran, or a family member, USAA offers solid coverage at a great price. The company offers discounts for nearly everything under the sun, from safe driver discounts to multi-vehicle discounts, to good student discounts.

  • State Farm - It’s no surprise that the nation’s largest auto insurer made our list. It should also be no surprise that the company offers several upgrades that make its insurance coverage even more attractive than it was normally. State Farm customers can take advantage of emergency roadside assistance, rideshare driver coverage, a safe driver discount, rental and travel expense coverage, and more. The only real downside to using State Farm is that they push hard for customers to use a local agent, which may be a turnoff for some drivers.

How Can You Get Discounts on Insurance For Your Toyota Camry?

Fortunately, there are a million discounts that you can apply to drop your insurance cost significantly. When we got quotes, we didn’t select any of these, but they were all questions on the quote engine that would impact the overall insurance rate:

  • Pay in full - Not every insurer offers this, but if you can afford to pay in advance for either a six-month or annual premium, some companies will offer a small discount.

  • Safety Features - If your new Camry comes with advanced safety features such as blind spot monitors, radar cruise control, or collision avoidance, you might be eligible for discounts through your insurer’s safety programs. It always pays to bring it up to your agent to find out.

  • Clean Driving Record - This one’s easy, right? Not so fast. You can only control yourself, so wrecks and other hazards may be out of your control. Insurers tend to increase wrecks for at-fault accidents, so be sure to stay on your toes and drive carefully.

  • Maintain Good Credit - Yes, insurers may take a look at your credit score to determine how much you should be paying for car insurance. Try your hardest to make payments on time and stay on top of your financial life to get the best insurance rates.

  • Kids At College and Honor Roll - If your child is away at college for part of the year and/or gets good grades in school, you may be entitled to a meaningful discount.

See our top picks and recommendations for the Best Tires for your Toyota Camry.

See our recommendations for the Best Extended Warranty for your Toyota Camry

Fast Car Insurance Rate Quotes

Compare quotes from multiple providers to get a good deal.

Get Quotes
Powered By:


Why are my insurance rates so high?

The short answer is that you probably live in what your insurance company considers to be a high-risk area, like a large city. Otherwise, insurers consider a long list of factors to determine your rates, from your driving record to your credit history, so it’s important that you understand what you’re being charged for and how you might be able to fix it.

How can I get cheap insurance for my Toyota Camry?

You’re not going to get full coverage insurance for a much better price than what GEICO’s offering. The other way to get super cheap insurance is to opt for minimum coverage, which will vary depending on your state. This can save you a ton of money, but may lead to some real financial pain if you get in a wreck. If you opt for the bare minimum, make sure you’re able to deal with repairing or replacing your Camry out of pocket.

Are older Toyota Camrys cheaper to insure?

Yes and no. Rates may be cheaper for an older Camry because they’re typically cheaper to buy. On the flip side, older models may be missing many of the advanced features that insurers look for when doling out discounts and rate reductions.

Editor's note and disclaimer: Car Talk is supported by our fans, readers and listeners. When you click on some of the links on our website, we may receive referral compensation. However, you should know that the recommendations we make are based on our independent editorial review and analyses.