Camry, Toyota's mid-size car is one of the best options for a family car. With a good mix of power, interior space, safety features and design, apart from the legendary Toyota brand backing the car, it is no wonder that is it one of the best selling cars in the world. And that is great news, from the insurance perspective. Because spares are relatively inexpensive and easy to find, along with the fact that it is mostly used by families rather than individuals, the average insurance costs are lower, taking into account the above factors.
However, there are a few states where even the Camry will burn a hole in your pocket over the long run. Take a look at the below table. The insurance percentage varies wildly from 7 % in Harrisburg to 20 % in Lansing.
|State||Make||Model||Insurance Average ($)||Median Price ($)||Insurance %|
However, owning the Toyota Camry in Michigan is the least expensive in this comparison, if you take into account the average cost of ownership for the Camry over seven years, factoring the upfront payment and the insurance paid for seven years. That is because the upfront cost of payment in Michigan is the least among these five states.
However, they are still on the higher side when it comes to owning the Toyota Camry. The cost of ownership in Louisiana is the highest at $ 33,743 for the same calculation. On the other hand, Idaho is the least expensive, at $ 20,635 making it a whopping $13, 000 cheaper. That’s enough to pay for another Toyota Camry!