Insurance on a Toyota Camry is $717 per year for minimum coverage, on average – about the same as minimum coverage for the average vehicle. Your exact monthly premiums will depend on your state’s minimum coverage requirements, your age, your driving record, and which insurance company you choose.
Annual Cost of Toyota Camry Insurance by Category
$671 per year
$2,117 per year
Young driver (16-year-old)
$3,192 per year
Middle-aged driver (45-year-old)
$671 per year
Older driver (65-year-old)
$680 per year
$1,041 per year
Note: Rates are an approximation based on a 45-year-old male driver, except when otherwise specified. Actual rates will vary.
The cost of car insurance also varies based on the body type, age, and make of the car. Typically, older vehicles are cheaper to insure simply because they are less valuable and thus less expensive to repair or replace. However, if you have upgraded features, this could make insurance for a Toyota Camry more expensive, since vehicles with special features are often more complicated to repair.
The cheapest car to insure for a first-time driver is the Subaru Forester. Other cheap cars to insure for new drivers include the Dodge Grand Caravan and Honda Odyssey, thanks to their low repair costs, high safety ratings, and low accident rates compared to expensive, high-powered vehicles. In fact, the… read full answercharacteristics of these vehicles make them the cheapest options for most drivers, regardless of age and experience.
Cheapest Cars to Insure for First-Time Drivers
Dodge Grand Caravan
In general, the faster a car can go or the more expensive it is to repair or replace, the more expensive it will be to insure. Additionally, cars that are more popular among thieves tend to drive up insurance costs, regardless of how much they’re worth.
New drivers typically pay more for car insurance than older drivers due to their lack of experience, so picking the right car is a great way to lower the cost of coverage. If you have a specific vehicle in mind, consider getting a quote for it from at least three different insurance companies to make sure that you can afford the cost of coverage.
You should always do your research before buying a new car, especially if you’re a new driver who will already be paying more for insurance. To learn more, check out WalletHub’s guide on the cheapest cars to insure.
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