Toyota Camry vs. Honda Accord Insurance: Which is Cheaper?

• When comparing 2024 models, a Honda Accord has cheaper overall car insurance rates than a Toyota Camry by an average of $206 per year.
• For a 2024 Toyota Camry, average full-coverage car insurance rates range from $1,876 to $2,144 per year, while car insurance for a 2024 Honda Accord ranges from $1,768 to $1,878 for full-coverage.
• Out of 11 models in the 2024 midsize car segment, the Toyota Camry ranks ninth and the Honda Accord ranks third for car insurance affordability.

In the realm of popular midsize sedans, two models frequently top the list: the Toyota Camry and the Honda Accord.

Both of these cars have a long-standing reputation for reliability and efficiency, making them favorites among a wide range of drivers.

But when it comes to insuring these vehicles, which one offers a more economical option?

Insurance premiums are influenced by a variety of factors, including vehicle age and the overall risk profile associated with drivers who typically choose these models.

By comparing rates for different drivers on a range of model years, we can provide a clearer picture of which car might be the more cost-effective choice in terms of insurance.

2024 Toyota Camry vs. Honda Accord

For 2024 Camry and Accord models, the model with the lower car insurance rates is the Honda Accord. Average insurance rates for the Toyota Camry are $2,040 per year, and insurance for a Honda Accord averages $1,834 per year.

For the 18 trims available for the 2024 Toyota Camry, the cheapest trim to insure is the LE trim at an average cost of $1,876 per year.

For the six trim levels available for the Honda Accord, the cheapest 2024 model to insure is the EX-L Hybrid model at a cost of $1,768 per year, or about $147 per month.

When rates for all 24 trim levels for both vehicles are compared, the most affordable model and trim level to insure is the Honda Accord EX-L Hybrid at an average rate of $1,768 per year. The overall most expensive vehicle to insure is the Toyota Camry XSE AWD at an average cost of $2,144 per year.

The table shown below compares the annual and monthly car insurance cost for 2024 Toyota Camry and Honda Accord models, with average cost for each trim level.

How does insurance cost for a 2024 Toyota Camry compare to a 2024 Honda Accord?

• For a 16-year-old driver, insurance on a Toyota Camry costs an average of $7,191 per year and Honda Accord insurance costs an average of $6,501 per year, a difference of $690 per year.
• A low deductible policy could cost up to $668 more per year for the Toyota Camry and $582 for the Honda Accord.
• Individual policy coverages for the Toyota Camry cost around $998 for collision insurance, $516 for comprehensive coverage, and $526 for liability. For the Honda Accord, individual coverages cost an average of $860 for collision insurance, $456 for comprehensive coverage, and $518 for liability.
• When compared to the national average car insurance rate of $2,034 per year for 2024 models, the Toyota Camry costs $6 more per year, while the Honda Accord costs $200 less per year.
• The most expensive 2024 Toyota Camry to insure is the XSE AWD at $2,144 per year. The most expensive 2024 Honda Accord to insure is the LX at $1,878 per year.
• Being a safe driver could earn a discount of around $258 for the Toyota Camry and $230 for the Honda Accord.
• For an 18-year-old driver, insurance on a Toyota Camry costs an average of $6,329 per year and Honda Accord insurance costs an average of $5,680 per year, a difference of $649 per year.
• For a 19-year-old driver, insurance on a Toyota Camry costs an average of $5,743 per year and Honda Accord insurance costs an average of $5,161 per year, a difference of $582 per year.

The chart below illustrates the average cost to insure both models using a range of rated driver ages. For a 2024 Toyota Camry, insurance cost ranges from $1,802 to $4,110 per year for the age groups used in the chart. A 2024 Honda Accord costs from $1,622 to $3,690 to insure per year.

The next two rate tables illustrate the cost to insure the available trim levels for both 2024 models, plus the average rate for each model. The cheapest to insure for the 2024 model year is the Honda Accord.

2023 Toyota Camry vs. Honda Accord

When comparing 2023 Toyota Camry and Honda Accord models, the model with the cheapest average car insurance rates is the Toyota Camry. Average insurance rates for the Toyota Camry are $1,754 per year, while insurance for the Honda Accord averages $1,864 per year.

Within each model, however, the cost of car insurance varies significantly depending on the vehicle trim level. For a 2023 Toyota Camry, rates range from the lowest rate of $1,618 per year for the LE model up to $1,870 for the XSE Hybrid model. For a 2023 Honda Accord, rates can range from $1,728 per year for the Hybrid model up to $2,024 for the Touring model.

When comparing car insurance rates for both models by trim level, the most affordable model and trim level is the Toyota Camry LE at an average of $1,618 per year, and the highest-cost model and trim level is the Honda Accord Touring costing $2,024 per year.

For a 2023 Toyota Camry, the cheapest models are the LE, SE, and LE AWD. The cheapest Honda Accord models include the Hybrid, LX, and Hybrid Sport.

The table shown below compares the annual and monthly car insurance cost for 2023 Toyota Camry and Honda Accord models, showing cost for each trim level of both models.

When comparing 2023 Toyota Camry and Honda Accord models, the model with the cheapest average car insurance rates is the Toyota Camry. Average insurance rates for the Toyota Camry are $1,754 per year, while insurance for the Honda Accord averages $1,864 per year.

The next chart illustrates the average cost to insure both 2023 models with different driver age groups. For a 2023 Toyota Camry, the average car insurance cost ranges from $1,556 to $3,528 per year for the example age groups. A 2023 Honda Accord costs from $1,652 to $3,782 to insure per year.

Out of 18 trim levels for the 2023 Toyota Camry, the cheapest auto insurance rates are on the LE trim at a cost of $1,618 per year. For the nine trims available for the Honda Accord, the cheapest 2023 trim to insure is the Hybrid trim at a cost of $1,728.

When comparing car insurance rates for both models by trim level, the lowest-cost model and trim level to insure is the Toyota Camry LE at an average cost of $1,618 per year. The most expensive model and trim level is the Honda Accord Touring costing $2,024 per year.

The next two rate tables illustrate trim level insurance cost averages for both 2023 models, as well as an average rate for each model. The winner for the 2023 car insurance battle is the Toyota Camry.

2022 Toyota Camry vs. Honda Accord

For 2022 Toyota Camry and Honda Accord models, the cheaper model to insure on average is the Toyota Camry. Insurance on the Toyota Camry averages $1,704 per year, and the Honda Accord costs an average of $1,806 per year.

Within each model, however, the cost of car insurance varies noticeably for each different trim level. For a 2022 Toyota Camry, insurance rates range from the cheapest rate of $1,590 per year for the LE model up to the highest rate of $1,872 for the XSE Hybrid model. For a 2022 Honda Accord, rates range from $1,656 per year for the Hybrid model up to $1,992 for the most expensive Touring model.

When trim-level rates for both models are compared, the lowest-cost model and trim level is the Toyota Camry LE at an average cost of $1,590 per year. The highest-cost model and trim level is the Honda Accord Touring costing $1,992 per year.

For a 2022 Toyota Camry, the cheapest models are the LE, XLE, and XLE AWD. The cheapest Honda Accord models include the Hybrid, Hybrid EX-L, and LX. From a cost-per-month basis, car insurance rates for all 2022 Toyota Camry and Honda Accord models range from $133 to $166 per month.

The table shown below compares the 12-month and monthly car insurance cost for 2022 Toyota Camry and Honda Accord models, showing average cost by trim level for each model.

The chart below calculates average Toyota Camry insurance rates and Honda Accord insurance rates for the 2022 model year and for different driver ages.

The tables below detail insurance rates for all trim levels of 2022 Camry and Accord models. For 2022, Toyota Camry insurance has an average cost of $1,704 and the 2022 Honda Accord is $1,806, making the Toyota Camry cheaper by $102 per year.

2021 Toyota Camry vs. Honda Accord

When comparing insurance cost for 2021 models, a Toyota Camry costs an average of $1,712 per year to insure and a Honda Accord costs $1,730, making the Toyota Camry cheaper to insure by $18 per year for 2021.

The next chart visualizes the average cost to insure the two models using drivers aged 20 to 50. For a 2021 Toyota Camry, the average cost of car insurance ranges from $1,518 to $3,456 per year for the illustrated age groups. A 2021 Honda Accord costs from $1,536 to $3,516 to insure per year.

For the eight trim levels available for the 2021 Toyota Camry, the cheapest model to insure is the L Sedan model at an average cost of $1,552 per year, or about $129 per month.

For the nine trim levels available for the Honda Accord, the cheapest 2021 trim level to insure is the LX Sedan trim at a cost of $1,538.

When car insurance rates for all 17 trim levels for both vehicles are compared, the cheapest vehicle to insure is the Honda Accord LX Sedan at a cost of $1,538 per year. The most expensive model and trim level is the Toyota Camry Hybrid XLE Sedan at an average cost of $1,882 per year.

The next two rate tables display the average cost to insure each trim level for a 2021 Toyota Camry and Honda Accord, plus an average rate for each model.

2020 Toyota Camry vs. Honda Accord

When comparing car insurance rates for the 2020 Toyota Camry and Honda Accord models, the Toyota Camry has cheaper rates by an average of $18 per year.

The rate chart below visualizes the average cost to insure both models for the 20 to 50-year-old driver age groups. For a 2020 Toyota Camry, average car insurance cost ranges from $1,472 to $3,352 per year for these driver ages. A 2020 Honda Accord costs from $1,488 to $3,408 to insure per year.

Out of eight trims for the 2020 Toyota Camry, the cheapest insurance rates are on the L Sedan model at a cost of $1,506 per year, or $126 per month.

For the nine trim levels available for the Honda Accord, the cheapest 2020 trim to insure is the LX Sedan trim at a cost of $1,490.

When all 17 trims of both models are combined and compared, the overall cheapest vehicle to insure is the Honda Accord LX Sedan at an average rate of $1,490 per year, and the highest-cost model and trim is the Toyota Camry Hybrid XLE Sedan at a cost of $1,826 per year.

The next tables show average car insurance cost by trim level for each 2020 model, as well as the overall average rate for each model. The cheapest model to insure for the 2020 model year is the Toyota Camry.

2019 Toyota Camry vs. Honda Accord

When comparing insurance rates for 2019 models, the Toyota Camry costs an average of $1,554 per year to insure and the Honda Accord costs $1,614, making the Toyota Camry the winner by $60 for the 2019 comparison year.

The rate chart below shows the average cost to insure both 2019 models rated for different driver ages. The average car insurance cost ranges from $1,384 to $3,146 per year for a 2019 Toyota Camry, and $1,434 to $3,282 for a 2019 Honda Accord for the included driver ages.

Out of eight trim levels for the 2019 Toyota Camry, the cheapest auto insurance rates are on the L Sedan trim at a cost of $1,284 per year, or about $107 per month. The 2019 Honda Accord has nine trims available, with the cheapest model to insure being the LX Sedan trim at an average cost of $1,494 per year.

When all 17 trims of both models are combined and compared, the cheapest vehicle to insure is the Toyota Camry L Sedan at an average rate of $1,284 per year, and the most expensive trim is the Honda Accord Touring Sedan at an average of $1,720 per year.

The next tables illustrate trim level insurance rates for each 2019 model, as well as the overall average rate for each model.

2018 Toyota Camry vs. Honda Accord

When comparing insurance rates for 2018 models, a Toyota Camry costs an average of $1,498 per year to insure and a Honda Accord costs $1,538, making the Toyota Camry cheaper to insure by $40 per year for this model year.

The next chart visualizes the average cost to insure the two models for the 20 to 50-year-old driver age groups. For a 2018 Toyota Camry, the average cost of car insurance ranges from $1,338 to $3,026 per year for the included age groups. A 2018 Honda Accord costs from $1,370 to $3,116 to insure per year.

Out of eight Toyota Camry trims, the cheapest 2018 trim to insure is the L Sedan trim at an average cost of $1,344 per year, or $112 per month. The 2018 Honda Accord has 11 trims available, with the cheapest trim level to insure being the LX Sedan model at an average cost of $1,434 per year, or $120 per month.

When rates are compared for the 19 trim levels of both 2018 models, the cheapest trim to insure is the Toyota Camry L Sedan at an average cost of $1,344 per year, and the highest-cost model and trim level is the Honda Accord Touring Sedan costing $1,646 per year.

The rate tables below illustrate the average insurance cost by trim level for both 2018 models, as well as the overall average rate for each model. The cheapest of the two models to insure for the 2018 model year is the Toyota Camry.

2017 Toyota Camry vs. Honda Accord

For the 2017 Toyota Camry and Honda Accord models, the Toyota Camry has cheaper car insurance cost by an average of $16 per year for this model year.

The rate chart below displays the average cost to insure both models rated for a variety of different driver ages. Insurance cost ranges from $1,298 to $2,928 per year for a 2017 Toyota Camry, and $1,310 to $2,966 for a 2017 Honda Accord for the age groups used in the chart.

Out of seven trims for the 2017 Toyota Camry, the cheapest average insurance prices are on the LE Sedan trim at a cost of $1,354 per year, or $113 per month. For the 20 trim levels available for the Honda Accord, the cheapest 2017 trim level to insure is the LX Sedan trim at a cost of $1,384.

When comparing both models at a trim-level basis, the cheapest vehicle to insure is the Toyota Camry LE Sedan at an average of $1,354 per year, and the highest-cost model and trim is the Honda Accord Touring Coupe at a cost of $1,566 per year.

The next tables illustrate both 2017 models and all trim levels available for each one, plus an average rate for each model. The cheapest to insure for the 2017 model year is the Toyota Camry.

2016 Toyota Camry vs. Honda Accord

For the 2016 Toyota Camry and Honda Accord models, the Toyota Camry has cheaper car insurance rates by an average of $74 per year.

The chart below demonstrates the average cost to insure both models for the 20, 30, 40, and 50-year-old driver age groups. Insurance cost ranges from $1,198 to $2,694 per year for a 2016 Toyota Camry, and $1,262 to $2,832 for a 2016 Honda Accord for the example age groups.

The 2016 Toyota Camry has seven trims available, with the cheapest trim level to insure being the LE Sedan model at an average cost of $1,302 per year, or $109 per month.

For the 17 trim levels available for the Honda Accord, the cheapest 2016 trim to insure is the LX Sedan trim at a cost of $1,312.

When rates are compared for the 24 trim levels of both 2016 models, the lowest-cost model and trim level to insure is the Toyota Camry LE Sedan at a cost of $1,302 per year, and the most expensive model and trim level is the Honda Accord Touring Coupe at a cost of $1,538 per year.

The next two rate tables display the cost to insure the available trim levels for both 2016 models, along with an average cost for each model. The 2016 Toyota Camry has cheaper average car insurance rates than the 2016 Honda Accord.

2015 Toyota Camry vs. Honda Accord

When comparing car insurance rates for 2015 models, a Toyota Camry costs an average of $1,224 per year to insure and a Honda Accord costs $1,248, making the Toyota Camry cheaper to insure by $24 per year.

The chart shown below illustrates the average cost to insure the two models for drivers aged 20 to 50. For a 2015 Toyota Camry, average car insurance cost ranges from $1,098 to $2,448 per year for the example age groups. A 2015 Honda Accord costs from $1,120 to $2,498 to insure per year.

Out of seven Toyota Camry trim levels, the cheapest 2015 trim level to insure is the LE Sedan trim at an average cost of $1,130 per year, or around $94 per month.

Out of the 16 trim levels available for the Honda Accord, the cheapest 2015 trim level to insure is the LX Sedan model at a cost of $1,130 per year, or about $94 per month.

When looking at the aggregated rates by trim for both models, the lowest-cost model and trim to insure is the Toyota Camry LE Sedan at an average rate of $1,130 per year. The most expensive model and trim level is the Honda Accord Hybrid Touring Sedan at a cost of $1,358 per year.

The tables below display average car insurance cost by trim level for each 2015 model, including an overall average cost for each model. The model with the cheapest overall car insurance rates for 2015 is the Toyota Camry.

Additional Toyota Camry and Honda Accord Resources

• Toyota Camry Insurance Rates
• Honda Accord Insurance Rates
• Midsize Car Insurance Rate Comparisons