Toyota Camry or Corolla: Which is Cheaper to Insure?

• If the cheapest insurance is important for deciding which vehicle you drive off the lot, you may want to purchase the Toyota Corolla over the Toyota Camry.
• For the 2024 Toyota Camry, auto insurance prices range from $1,876 to $2,144 per year, while auto insurance for a 2024 Toyota Corolla costs from $1,682 to $2,094.

Does a Camry or Corolla have cheaper insurance rates?

For the 2024 model year, the one with the cheapest average auto insurance rates is the Toyota Corolla. Average insurance rates for the Toyota Camry are $2,040 per year, whereas insurance for the Toyota Corolla averages $1,850 per year.

For the 18 trims available for the 2024 Toyota Camry, the cheapest trim level to insure is the LE trim at an average cost of $1,876 per year, or about $156 per month. The 2024 Toyota Corolla has 12 trim levels available, with the cheapest trim to insure being the LE model at an average cost of $1,682 per year, or $140 per month.

When comparing rates by trim level for both models, the cheapest trim is the Toyota Corolla LE at a cost of $1,682 per year. The overall most expensive vehicle to insure is the Toyota Camry XSE AWD at a cost of $2,144 per year.

The table below ranks the cost of car insurance for 2024 Toyota Camry and Toyota Corolla models, showing average cost by trim level for each model.

The chart below visualizes the average cost to insure both models for the 20 to 50-year-old driver age groups. Average car insurance cost ranges from $1,802 to $4,110 per year for a 2024 Toyota Camry, and $1,648 to $3,696 for a 2024 Toyota Corolla for these driver ages.

The next tables display trim level insurance cost averages for both 2024 models, along with an average cost for each model. The model with the cheapest average car insurance rates for 2024 is the Toyota Corolla.

2023 Toyota Camry vs. Toyota Corolla

For new Camry and Corolla models, the cheapest model to insure is the Toyota Corolla. Insurance on the Toyota Camry averages $1,754 per year, and insurance for a Toyota Corolla costs an average of $1,730 per year.

Out of 18 Toyota Camry trims, the cheapest 2023 trim level to insure is the LE model at an average cost of $1,618 per year, or $135 per month. For the eight trim levels available for the Toyota Corolla, the cheapest 2023 trim level to insure is the LE trim at a cost of $1,644 per year, or about $137 per month.

When comparing both models at a trim-level basis, the overall cheapest vehicle to insure is the Toyota Camry LE at an average cost of $1,618 per year, and the overall most expensive vehicle to insure is the Toyota Camry XSE Hybrid at an average of $1,870 per year.

The table shown below ranks the 12-month and monthly car insurance cost for 2023 Toyota Camry and Toyota Corolla models, showing average cost by trim level for each model.

The chart shown below shows the average cost to insure the two models using a range of rated driver ages. For a 2023 Toyota Camry, the average cost of car insurance ranges from $1,556 to $3,528 per year for the age groups used in this illustration. A 2023 Toyota Corolla costs from $1,538 to $3,458 to insure per year.

The next tables display both 2023 models and all trim levels available for each one, including the average rate for each model. The winner for the 2023 car insurance cost comparison is the Toyota Corolla.

2022 Toyota Camry vs. Toyota Corolla

For the 2022 model year, the model having more affordable car insurance is the Toyota Corolla. Insurance rates for the Toyota Camry average $1,704 per year, and insurance for a Toyota Corolla costs an average of $1,702 per year.

Within each different model, however, car insurance cost varies considerably depending on the vehicle trim level.

For example, on a 2022 Toyota Camry, car insurance rates range from the cheapest price of $1,590 per year for the LE model up to $1,872 for the XSE Hybrid model.

For the 2022 Toyota Corolla, rates range from $1,620 per year on the L model up to $1,784 on the most expensive to insure XSE Apex Edition model.

The table below compares the yearly and monthly cost of car insurance for 2022 Toyota Camry and Toyota Corolla models, with average rates for every trim level for each model.

The following chart demonstrates the average car insurance cost for the two models for four different driver age groups. For a 2022 Toyota Camry, average car insurance cost ranges from $1,512 to $3,424 per year for the chosen age groups in the chart. Insurance for a 2022 Toyota Corolla ranges from $1,528 to $3,386 on average per year.

Out of 17 Toyota Camry trim levels, the cheapest 2022 trim to insure is the LE model at an average cost of $1,590 per year, or about $133 per month. A 2022 Toyota Corolla has 12 different trim levels available, with the lowest-cost model to insure being the L trim at an average cost of $1,620 per year, or $135 per month.

When rates are compared for the 29 option levels of both 2022 models, the cheapest model and trim level to buy insurance for is the Toyota Camry LE at a cost of $1,590 per year. The highest-cost model and trim is the Toyota Camry XSE Hybrid at a cost of $1,872 per year.

The next tables detail the expected annual car insurance cost by trim level for both 2022 models, plus an average rate for each model. The 2022 Toyota Corolla has more affordable average car insurance rates than the 2022 Toyota Camry.

2021 Toyota Camry vs. Toyota Corolla

A 2021 Toyota Corolla is $306 cheaper to insure per year on average than a 2021 Toyota Camry, a difference of 19.6%.

The chart below demonstrates the average car insurance cost for the two models for drivers aged 20 to 50. For the 2021 Toyota Camry, average car insurance cost ranges from $1,518 to $3,456 per year for the five different driver ages shown in the chart. Car insurance on a 2021 Toyota Corolla ranges from $1,254 to $2,796 on average per year.

Out of eight Toyota Camry trim levels, the most affordable 2021 trim level to insure is the L Sedan trim at an average cost of $1,552 per year.

For the 12 trims available for the Toyota Corolla, the most affordable 2021 trim level to insure is the iM SE Hatchback trim at a cost of $1,328 per year, or around $111 per month.

When rates are compared for the 20 trims of both 2021 models, the lowest-cost model and trim level to insure is the Toyota Corolla iM SE Hatchback at an average cost of $1,328 per year, and the most expensive model and trim level is the Toyota Camry Hybrid XLE Sedan costing $1,882 per year.

The rate tables below break down both 2021 models and all trim levels available for each one, as well as an average rate for each model. The cheapest of the two models to insure for the 2021 model year is the Toyota Corolla.

2020 Toyota Camry vs. Toyota Corolla

For the 2020 Toyota Camry and Toyota Corolla models, the Toyota Corolla has cheaper car insurance cost by an average of $290 per year.

The chart below displays the average cost to insure both 2020 models rated for drivers aged 20 to 50. For the 2020 Toyota Camry, the average car insurance cost ranges from $1,472 to $3,352 per year for the driver ages used. Auto insurance for the 2020 Toyota Corolla ranges from $1,222 to $2,724 on average per year.

The 2020 Toyota Camry has eight trims available, with the most affordable trim level to insure being the L Sedan trim at an average cost of $1,506 per year, or around $126 per month.

A 2020 Toyota Corolla has 12 trim options available, with the lowest-cost trim level to insure being the L Hatchback model at an average cost of $1,300 per year, or $108 per month.

When rates are compared for the 20 trim levels of both 2020 models, the overall cheapest vehicle to insure is the Toyota Corolla L Hatchback at an average of $1,300 per year. The most expensive trim is the Toyota Camry Hybrid XLE Sedan costing $1,826 per year.

The next tables break down average car insurance cost by trim level for each 2020 model, along with an average cost for each model. The model with the cheapest car insurance rates for 2020 is the Toyota Corolla.

2019 Toyota Camry vs. Toyota Corolla

When comparing insurance rates for 2019 models, a Toyota Camry costs an average of $1,554 per year to insure while a Toyota Corolla costs $1,258, making the Toyota Corolla more affordable to insure by $296 per year.

The rate chart below demonstrates the average car insurance cost for both 2019 models for the 20 to 50-year-old driver age groups. For the 2019 Toyota Camry, average car insurance cost ranges from $1,384 to $3,146 per year. A full-coverage policy on the 2019 Toyota Corolla costs from $1,124 to $2,486 on average per year.

Out of eight Toyota Camry trims, the lowest-cost 2019 model to insure is the L Sedan model at an average cost of $1,284 per year, or $107 per month.

A 2019 Toyota Corolla has 12 trims available, with the most affordable trim to insure being the L Hatchback model at an average cost of $1,228 per year, or around $102 per month.

When comparing aggregated rates for both models from a trim-level perspective, the cheapest vehicle to insure is the Toyota Corolla L Hatchback at an average rate of $1,228 per year, and the highest-cost model and trim is the Toyota Camry Hybrid XLE Sedan costing an average of $1,686 per year.

The rate tables below detail the cost to insure the available trim levels for both 2019 models, plus an average rate for each model. The cheapest model to insure for the 2019 model year is the Toyota Corolla.

2018 Toyota Camry vs. Toyota Corolla

When comparing insurance cost for the 2018 Toyota Camry and Toyota Corolla models, the Toyota Camry has cheaper rates by $24 per year for this model year.

The next chart demonstrates the average insurance cost for both 2018 models for the 20 to 50-year-old driver age groups. The average car insurance cost ranges from $1,338 to $3,026 per year on a 2018 Toyota Camry, and $1,370 to $3,038 for a 2018 Toyota Corolla.

The 2018 Toyota Camry has eight trims available, with the lowest-cost trim to insure being the L Sedan trim at an average cost of $1,344 per year.

Out of the six option levels available for a Toyota Corolla, the most affordable 2018 trim to insure is the L Sedan trim at a cost of $1,492 per year, or $124 per month.

When comparing combined rates for both models from a trim-level perspective, the lowest-cost model and trim to put coverage on is the Toyota Camry L Sedan at an average cost of $1,344 per year, and the most expensive trim is the Toyota Camry Hybrid XLE Sedan costing an average of $1,614 per year.

The two tables below break down average cost to insure each trim level for a 2018 Toyota Camry and Toyota Corolla, plus an average rate for each model. The model with the cheapest overall car insurance rates for 2018 is the Toyota Camry.

2017 Toyota Camry vs. Toyota Corolla

When comparing average insurance cost for 2017 models, the Toyota Camry costs an average of $1,452 per year to insure and the Toyota Corolla costs $1,480, making the Toyota Camry the model with cheaper insurance by $28.

The next chart illustrates the average insurance cost for the two models with different driver age groups. For a 2017 Toyota Camry, the average cost of car insurance ranges from $1,298 to $2,928 per year for the age groups in the chart. Full-coverage insurance on a 2017 Toyota Corolla costs from $1,334 to $2,956 on average per year.

For the seven trims available for a 2017 Toyota Camry, the most affordable model to insure is the LE Sedan model at an average cost of $1,354 per year.

Out of the seven option levels available for a Toyota Corolla, the lowest-cost 2017 model to insure is the L Sedan trim at a cost of $1,446 per year, or about $121 per month.

When comparing both models combined at a trim-level basis, the cheapest trim to insure is the Toyota Camry LE Sedan at an average of $1,354 per year. The most expensive model and trim level is the Toyota Camry Hybrid XLE Sedan costing an average of $1,554 per year.

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

2016 Toyota Camry vs. Toyota Corolla

For 2016 Toyota Camry and Toyota Corolla models, the Toyota Corolla costs less to insure by an average of $18 per year for this comparison year.

The rate chart below demonstrates the average insurance cost for both models rated for drivers aged 20 to 50. For a 2016 Toyota Camry, average insurance cost ranges from $1,198 to $2,694 per year for the five driver age examples in the chart. Car insurance on a 2016 Toyota Corolla ranges from $1,190 to $2,618 on average per year.

Out of seven trim levels for the 2016 Toyota Camry, the most affordable average insurance prices are on the LE Sedan trim at a cost of $1,302 per year.

A 2016 Toyota Corolla has 11 trim options available, with the most affordable trim to insure being the L Sedan model at an average cost of $1,260 per year.

When average insurance prices for all 18 trim levels for both vehicles are compared, the overall cheapest vehicle to insure is the Toyota Corolla L Sedan at an average of $1,260 per year. The highest-cost model and trim level is the Toyota Corolla LE Premium Sedan at an average of $1,378 per year.

The rate tables below illustrate average car insurance rates for every trim level for both 2016 models, as well as the overall average rate for each model.

2015 Toyota Camry vs. Toyota Corolla

For 2015 Toyota Camry and Toyota Corolla models, the Toyota Corolla is cheaper to insure by $58 per year.

The chart shown below demonstrates the average insurance cost for the two models for different driver ages. For the 2015 Toyota Camry, the average cost of car insurance ranges from $1,098 to $2,448 per year for the five driver ages sampled in the chart. Insurance on a 2015 Toyota Corolla ranges from $1,050 to $2,312 on average per year.

The 2015 Toyota Camry has seven trims available, with the most affordable trim to insure being the LE Sedan model at an average cost of $1,130 per year, or about $94 per month.

For the 10 different option levels available for the Toyota Corolla, the cheapest 2015 model to insure is the L Sedan model at a cost of $1,116.

When comparing combined rates for both models from a trim-level perspective, the cheapest vehicle to put coverage on is the Toyota Corolla L Sedan at an average of $1,116 per year. The most expensive model and trim level is the Toyota Camry Hybrid XLE Sedan at an average of $1,300 per year.

The tables shown below illustrate average car insurance rates for every trim level for both 2015 models, plus an average rate for each model.

Additional Toyota Camry and Toyota Corolla Resources

• Toyota Camry Insurance Cost
• Toyota Corolla Insurance Cost
• Midsize Car Insurance Cost Comparisons
• Small Car Insurance Cost Comparisons