What it costs by city
Ontario rates on where the vehicle is parked overnight, and the spread is larger than most people expect. These are estimates for a full G licence, 10+ years licensed, no claims or tickets, 2023 model year, $1,000 deductible, winter tires.
| Where it's parked | Estimated annual premium |
|---|---|
| Brampton | $2,920 – $4,670 |
| Scarborough | $2,220 – $3,550 |
| North York | $1,980 – $3,170 |
| Mississauga | $2,830 – $4,540 |
| Toronto (central) | $1,770 – $2,840 |
| Markham / Richmond Hill | $1,840 – $2,940 |
| Hamilton | $1,610 – $2,570 |
| Oakville / Burlington | $1,450 – $2,320 |
| Barrie | $1,370 – $2,200 |
| Kitchener / Waterloo | $1,340 – $2,140 |
| London | $1,340 – $2,140 |
| Ottawa | $1,300 – $2,070 |
| Kingston | $1,230 – $1,960 |
| Sudbury | $1,190 – $1,900 |
| Rural Ontario | $1,260 – $2,020 |
Estimated annual premium by area for a clean full-G driver. Pink is the highest-rated territories, green the lowest.
Highlighted row is the provincial mid-point for reference. Run your own numbers on the insurance cost estimator.
Why the Camry rates the way it does
The Camry is a mid-size sedan that insures like a compact in most respects. Excellent reliability record, moderate repair costs, and a claims profile that skews older and more experienced than the compact segment.
The hybrid versions cost slightly more to repair, which shows up modestly in the premium.
Repairs are straightforward and parts widely available. Hybrid variants carry slightly higher repair costs.
How model year changes it
A newer Camry costs more to insure because it costs more to replace. Same driver, same city (Mississauga), different model years:
| Model year | Typical value | Estimated annual premium |
|---|---|---|
| 2026 | $36,000 | $3,130 – $5,010 |
| 2023 | $24,000 | $2,830 – $4,540 |
| 2020 | $18,000 | $2,720 – $4,360 |
| 2016 | $11,500 | $2,370 – $3,790 |
| 2012 | $12,000 | $2,220 – $3,550 |
This is why a slightly older vehicle can be cheaper twice over — lower purchase price and lower premium.
How your record changes it
Same Camry, same city, different drivers. This is usually a bigger swing than the vehicle choice itself:
| Driver | Estimated annual premium |
|---|---|
| Clean record, 10+ years licensed, full G | $2,830 – $4,540 |
| G2 licence, 1–2 years licensed | $4,690 – $7,510 |
| One at-fault claim in the last 6 years | $3,800 – $6,080 |
| Full G, 3–5 years licensed, clean | $3,400 – $5,440 |
If you've had an accident, the fault and premium calculator estimates what a specific claim does at renewal.
Cheaper alternatives worth comparing
If insurance cost is part of your decision, these tend to rate lower for the same driver:
| Vehicle | Why it's cheaper |
|---|---|
| Honda Accord | Direct competitor, similar premium |
| Toyota Corolla | Smaller, cheaper to insure |
| Hyundai Sonata | Lower replacement cost |
| Mazda6 | Comparable class |
The estimator compares body styles side by side using your own profile.
How to pay less on this vehicle
- Shop it properly. The single biggest lever. Quotes for the same driver on the same Camry routinely differ by 50% or more between insurers.
- Winter tires. Ontario insurers are required to offer a discount when they're fitted.
- Telematics. A usage-based app is usually the largest single discount available.
- Bundle. Even a tenant policy usually discounts both.
- Raise the deductible — only if you could absorb it after a claim.
- Check OPCF 43 if you're buying new. On a total loss it pays original purchase price instead of depreciated value.
Build the coverage and see what each endorsement costs on the protection builder.