Toyota Camry and Chevrolet Malibu Insurance Quotes Compared

• When comparing the newest 2024 models, a Chevrolet Malibu is cheaper to insure than a Toyota Camry by an average of $252 per year.
• Out of 11 models in the 2024 midsize car automotive segment, the Toyota Camry ranks ninth and the Chevrolet Malibu ranks third for cheapest overall car insurance rates.
• For the 2024 model year Toyota Camry, rates cost from $2,372 to $2,708 per year, while insurance prices for the 2024 Chevrolet Malibu range from $2,250 to $2,432, depending on the model being insured.
• The Toyota Camry costs 0.2% more per year than the average cost to insure a 2024 model year vehicle in the U.S. of $2,572, while the Chevrolet Malibu averages 10% less per year.

Is a Toyota Camry or Chevrolet Malibu cheaper to insure?

For 2024 Toyota Camry and Chevrolet Malibu models, the model with the cheapest average car insurance rates is the Chevrolet Malibu. Insurance on the Toyota Camry averages $2,578 per year, and insurance for a Chevrolet Malibu costs an average of $2,326 per year.

Out of 18 trim levels for the 2024 Toyota Camry, the cheapest car insurance rates are on the LE model at a cost of $2,372 per year.

The 2024 Chevrolet Malibu has four trims available, with the cheapest trim to insure being the LS Sedan trim at an average cost of $2,250 per year.

When comparing rates by trim level for both models, the cheapest trim is the Chevrolet Malibu LS Sedan at a cost of $2,250 per year. The overall most expensive vehicle to insure is the Toyota Camry XSE AWD costing $2,708 per year.

The rate table below ranks the annual and monthly cost of car insurance for 2024 Toyota Camry and Chevrolet Malibu models, broken down by individual trim level.

The next chart shows the average cost to insure both 2024 models for a range of driver ages. The average car insurance cost ranges from $2,276 to $5,196 per year for a 2024 Toyota Camry, and $2,078 to $4,638 for a 2024 Chevrolet Malibu for the driver ages used.

The tables shown below display average car insurance cost by trim level for each 2024 model, including the average rate for each model.

2023 Toyota Camry vs. Chevrolet Malibu

Insurance cost for a 2023 Toyota Camry averages $2,218 per year, and insurance for a 2023 Chevrolet Malibu averages $2,266 per year, making the Toyota Camry the cheaper model to insure by $48 per year.

Auto insurance cost varies significantly depending on the trim level being insured, however. Using the Toyota Camry as an example, rates range from the cheapest price of $2,046 per year for the LE model up to the highest rate of $2,364 for the XSE Hybrid model.

For the 2023 Chevrolet Malibu, rates range from $2,192 per year for the LS Sedan model up to $2,368 for the 2LT Sedan model.

For a 2023 Toyota Camry, the most affordable trim levels to insure include the LE, SE, and LE AWD. The lowest-cost Chevrolet Malibu models to insure include the LS Sedan, RS Sedan, and LT Sedan.

The rate table below ranks the 12-month and monthly car insurance cost for 2023 Toyota Camry and Chevrolet Malibu models, showing the annual and monthly cost to insure each trim level.

The rate chart below illustrates the average insurance cost for both 2023 models with different driver age groups. For the 2023 Toyota Camry, average car insurance quotes range from $1,968 to $4,460 per year for the different drivers illustrated in the chart. Insurance on the 2023 Chevrolet Malibu costs from $2,020 to $4,524 on average per year.

Out of 18 trim levels for a 2023 Toyota Camry, the most affordable insurance prices are on the LE model at a cost of $2,046 per year, or $171 per month.

A 2023 Chevrolet Malibu has four trim and option levels available, with the lowest-cost trim to insure being the LS Sedan model at an average cost of $2,192 per year, or $183 per month.

When rates for all 22 trim levels for both vehicles are combined and compared, the lowest-cost model and trim to insure is the Toyota Camry LE at an average of $2,046 per year. The most expensive trim is the Chevrolet Malibu 2LT Sedan at an average of $2,368 per year.

The next tables illustrate both 2023 models and all trim levels available for each one, along with the average rate for each model. The winner for the 2023 car insurance comparison is the Toyota Camry.

2022 Toyota Camry vs. Chevrolet Malibu

When comparing insurance costs for 2022 models, a Toyota Camry costs an average of $2,152 per year to insure while a Chevrolet Malibu costs $2,290, making the Toyota Camry cheaper to insure by $138 per year for 2022.

The chart below shows the average cost to insure both models using a range of rated driver ages. For a 2022 Toyota Camry, the average car insurance cost ranges from $1,910 to $4,330 per year for the sample drivers in the chart. A full-coverage policy on the 2022 Chevrolet Malibu costs from $2,040 to $4,596 on average per year.

Out of 17 trims for a 2022 Toyota Camry, the lowest-cost average car insurance prices are on the LE model at a cost of $2,008 per year. A 2022 Chevrolet Malibu has four different trims available, with the lowest-cost trim to insure being the LS Sedan model at an average cost of $2,142 per year.

When comparing aggregated rates for both models from a trim-level perspective, the lowest-cost model and trim level to insure is the Toyota Camry LE at an average cost of $2,008 per year, and the most expensive vehicle to insure is the Chevrolet Malibu Premier Sedan costing $2,536 per year.

The two tables below display the cost to insure the available trim levels for both 2022 models, including an overall average rate. The model with the cheapest overall car insurance cost for 2022 is the Toyota Camry.

2021 Toyota Camry vs. Chevrolet Malibu

A 2021 Chevrolet Malibu is $120 cheaper to insure per year on average than a 2021 Toyota Camry, a difference of 5.7%.

The next chart shows the average cost to insure both models rated for drivers aged 20 to 50. For the 2021 Toyota Camry, average prices range from $1,920 to $4,368 per year. Full-coverage car insurance on the 2021 Chevrolet Malibu costs from $1,818 to $4,098 on average per year.

A 2021 Toyota Camry has eight trim levels available, with the most affordable model to insure being the L Sedan trim at an average cost of $1,964 per year, or around $164 per month. For the six different trim levels available for a Chevrolet Malibu, the cheapest 2021 trim level to insure is the L Sedan trim at a cost of $1,930.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim to put coverage on is the Chevrolet Malibu L Sedan at a cost of $1,930 per year, and the highest-cost model and trim is the Toyota Camry Hybrid XLE Sedan at an average cost of $2,380 per year.

The two tables below show the average insurance cost by trim level for both 2021 models, as well as an average rate for each model. The model with the cheapest car insurance rates for 2021 is the Chevrolet Malibu.

2020 Toyota Camry vs. Chevrolet Malibu

When comparing average insurance rates for 2020 models, a Toyota Camry costs an average of $2,098 per year to insure and a Chevrolet Malibu costs $1,986, making the Chevrolet Malibu cheaper to insure by $112 per year.

The rate chart below visualizes the average car insurance cost for both 2020 models for four different driver age groups. For the 2020 Toyota Camry, the average car insurance cost ranges from $1,862 to $4,236 per year for these driver ages. Car insurance on the 2020 Chevrolet Malibu ranges from $1,766 to $3,984 on average per year.

Out of eight trims for the 2020 Toyota Camry, the most affordable auto insurance rates are on the L Sedan trim at a cost of $1,904 per year.

For the six option levels available for a Chevrolet Malibu, the cheapest 2020 model to insure is the L Sedan trim at a cost of $1,876 per year, or $156 per month.

When average insurance prices for all 14 trims of both models are combined and sorted by cost, the overall cheapest vehicle to insure is the Chevrolet Malibu L Sedan at an average rate of $1,876 per year. The highest-cost model and trim is the Toyota Camry Hybrid XLE Sedan at an average cost of $2,308 per year.

The two tables below detail trim level insurance rates for each 2020 model, plus an average rate for each model.

2019 Toyota Camry vs. Chevrolet Malibu

When comparing insurance costs for the 2019 Toyota Camry and Chevrolet Malibu models, the Toyota Camry is cheaper by an average of $70 per year.

The chart below shows the average insurance cost for both 2019 models with different ages of drivers. Average insurance cost ranges from $1,744 to $3,964 per year for the 2019 Toyota Camry, and $1,810 to $4,076 on the 2019 Chevrolet Malibu for the five age groups shown in the chart.

The 2019 Toyota Camry has eight trim levels available, with the most affordable trim to insure being the L Sedan trim at an average cost of $1,618 per year.

Out of the six different option levels available for a Chevrolet Malibu, the cheapest 2019 model to insure is the L Sedan model at a cost of $1,948 per year, or about $162 per month.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level to buy insurance for is the Toyota Camry L Sedan at an average rate of $1,618 per year, and the most expensive model and trim level is the Chevrolet Malibu Premier Sedan at an average cost of $2,186 per year.

The tables below detail average car insurance cost by trim level for a 2019 Toyota Camry and Chevrolet Malibu, as well as an average rate for each model.

2018 Toyota Camry vs. Chevrolet Malibu

A 2018 Toyota Camry is $26 cheaper to insure per year on average than a 2018 Chevrolet Malibu, a difference of 1.4%.

The rate chart below illustrates the average cost to insure the two models with different driver ages. The average cost of car insurance ranges from $1,690 to $3,826 per year for a 2018 Toyota Camry, and $1,718 to $3,844 on the 2018 Chevrolet Malibu for the example age groups.

Out of eight trim levels for the 2018 Toyota Camry, the most affordable insurance prices are on the L Sedan model at a cost of $1,694 per year.

For the five trim and option levels available for a Chevrolet Malibu, the lowest-cost 2018 model to insure is the L Sedan trim at a cost of $1,816.

When rates for all 13 trim levels for both vehicles are combined and compared, the cheapest trim to insure is the Toyota Camry L Sedan at a cost of $1,694 per year. The most expensive trim is the Chevrolet Malibu Premier Sedan costing $2,084 per year.

The tables below detail average car insurance cost by trim level for each 2018 model, as well as the overall average rate for each model. The 2018 Toyota Camry has more affordable average car insurance rates than the 2018 Chevrolet Malibu.

2017 Toyota Camry vs. Chevrolet Malibu

When comparing insurance rates for the 2017 Toyota Camry and Chevrolet Malibu models, the Toyota Camry has cheaper rates by an average of $12 per year.

The chart below displays the average cost to insure both 2017 models rated for multiple driver ages. For the 2017 Toyota Camry, average insurance rates range from $1,638 to $3,700 per year for the illustrated age groups. Car insurance on a 2017 Chevrolet Malibu costs from $1,656 to $3,698 on average per year.

Out of seven Toyota Camry trims, the lowest-cost 2017 trim level to insure is the LE Sedan trim at an average cost of $1,710 per year.

The 2017 Chevrolet Malibu has five different trims available, and the most affordable model to insure is the L Sedan trim at an average cost of $1,758 per year.

When insurance rates for all 12 trim levels for both 2017 models are compared, the lowest-cost model and trim level to put coverage on is the Toyota Camry LE Sedan at an average rate of $1,710 per year, and the most expensive trim is the Chevrolet Malibu Premier Sedan at an average cost of $1,972 per year.

The next tables detail the average insurance cost by trim level for both 2017 models, along with an average cost for each model. The model with the cheapest overall car insurance rates for 2017 is the Toyota Camry.

2016 Toyota Camry vs. Chevrolet Malibu

When comparing insurance costs for the 2016 Toyota Camry and Chevrolet Malibu models, the Toyota Camry is cheaper to insure by $4 per year.

The next chart demonstrates the average car insurance cost for the two models using drivers aged 20 to 50. For the 2016 Toyota Camry, the average car insurance cost ranges from $1,518 to $3,406 per year for the chosen age groups in the chart. Insurance for the 2016 Chevrolet Malibu ranges from $1,522 to $3,392 on average per year.

Out of seven trim levels for a 2016 Toyota Camry, the lowest-cost average insurance prices are on the LE Sedan trim at a cost of $1,646 per year, or about $137 per month.

For the nine different trim levels available for a Chevrolet Malibu, the most affordable 2016 model to insure is the L Sedan trim at a cost of $1,556.

When looking at the aggregated rates by trim for both models, the cheapest trim to put coverage on is the Chevrolet Malibu L Sedan at an average cost of $1,556 per year. The overall most expensive vehicle to insure is the Chevrolet Malibu Limited LZ Sedan at an average of $1,828 per year.

The next two rate tables display the average insurance cost by trim level for both 2016 models, plus the average rate for each model. The model with the cheapest overall car insurance rates for 2016 is the Toyota Camry.

2015 Toyota Camry vs. Chevrolet Malibu

When comparing insurance rates for 2015 models, the Toyota Camry costs $1,544 per year for full coverage and the Chevrolet Malibu costs $1,608, making the Toyota Camry the cheaper model to insure by $64 for 2015.

The next chart illustrates the average car insurance cost for both 2015 models rated for a variety of different driver ages. For a 2015 Toyota Camry, average prices range from $1,386 to $3,094 per year for these driver ages. Insurance on the 2015 Chevrolet Malibu ranges from $1,442 to $3,242 on average per year.

Out of seven trim levels for the 2015 Toyota Camry, the lowest-cost rates are on the LE Sedan trim at a cost of $1,426 per year, or around $119 per month. For the three option levels available for a Chevrolet Malibu, the cheapest 2015 trim level to insure is the LS Sedan model at a cost of $1,578 per year, or $132 per month.

When comparing car insurance rates for both models by trim level, the cheapest trim to put coverage on is the Toyota Camry LE Sedan at an average of $1,426 per year. The most expensive trim is the Chevrolet Malibu LTZ Sedan at an average of $1,670 per year.

The two tables below illustrate average car insurance rates for every trim level for both 2015 models, plus an average rate for each model. The model with the cheapest auto insurance rates for 2015 is the Toyota Camry.

Additional Toyota Camry and Chevrolet Malibu Resources

• Toyota Camry Insurance Cost
• Chevrolet Malibu Insurance Cost
• Midsize Car Insurance Cost Comparisons