The Nissan Altima and Toyota Camry are very closely matched vehicles. Both come with a 2.5L, 5 cylinder engine and industry standard safety features, and have a total 5 year cost to own that differs by less than $1000 dollars. Whether you are looking at the cash price, insurance cost, or expected cost of maintenance, the difference in cost is negligible, and the final decision will be one of personal preference.
Over a 5 year ownership period, the cost of insurance differs by only a few hundred dollars. The Nissan Altima costs around $1885 per year, with a 5 year average of $9,438, while the Toyota Camry will cost about $1759 a year, totaling nearly $8,805 after 5 years. With only a little over $600 difference between the two, it is not worth purchasing either vehicle solely on the difference in insurance cost.
Keep in mind that the insurance costs provided here are based on a perfect, professional driving record and other important factors. If you have a credit score of less than 650, for example, your rates would be higher, and if you have a few speeding tickets on your driving record the premiums would differ as well. In fact, your exact costs will also vary based on your age, marital status, occupation and education level, and more. It is not likely that your rates will be much lower than the estimates given here, but they could be quite a bit higher.
For both vehicles, the average monthly cost of car insurance is around $150, which is a good price for car insurance on a new car of the quality involved. This indicates that both vehicles are equipped with ample passenger and vehicle safety devices, including airbags, stability control, and anti-lock brakes. Other factors include how well the vehicles have stood up to factory crash tests and highway driving standards.