Automobile Insurance for Chevy Camaros – Bankrate.com
The Chevrolet Camaro has been part of the American auto scene for decades, and thousands have been purchased since its inception. With so many on the road, finding auto insurance for Chevy Camaro sports cars can be a priority for many drivers. Car insurance tariffs for the Chevy Camaro range in price, depending on the selected sum insured and other personal factors.
According to Quadrant Information Services' Bankrate Plan Review, the average cost of auto insurance in the US with full insurance is $ 1,674 annually. Chevy Camaro insurance can cost more or less than the national average, although factors such as your driving history, where you live, the choice of insurance coverage, and the drivers insured can all affect the amount insured.
Models included in this review
The Chevy Camaro is considered a sports car, which could add to the cost of auto insurance depending on the driver. There is both a coupe and a convertible, each of which could change the premium.
How much does it cost to insure a Chevy Camaro?
For comparison, the average insurance cost in the US with fully comprehensive insurance is $ 1,674 per year. When it comes to rewards, several factors will affect the amount you have to pay, including the make and model of the vehicle. The accident rate, part price, and safety feature statistics are some examples of how make and model could have a major impact on price:
- Crash Rate Statistics: Crash data for 2020 from the Insurance Institute for Highway Safety (IIHS) shows that the Chevy Camaro receives several “good” ratings – the highest rating available. The roof strength is rated as average, while the locking system deserves a marginal rating. Crash data can affect how much a wearer charges, which makes it helpful for the Chevrolet Camaro to get good comments overall.
- Price of the parts: The Chevy Camaro is built in the USA, which means many parts don't depend on imports. This can also affect insurance costs as replacement parts can become more expensive when imported.
- Safety devices: The Chevy Camaro has numerous standard safety features, including an airbag system and a youth driver profile to restrict certain functions for younger drivers. Many of these standard features can potentially translate into additional premium discounts.
Car insurance for a Chevy: by model
Although rates are based on certain personal factors, it can be helpful to check the average insurance rates for the Chevy Camaro for both the minimum and full insurance options.
Car insurance for a Chevy Camaro
Almost every state requires a driver to take out minimum liability insurance by law. The table below shows that buying a minimum amount is generally the cheapest option, although insurance agents often recommend higher coverage levels. Fully comprehensive insurance usually costs more, but it also helps to reduce the costs you have to pay out of pocket in the event of an accident or damage to your Chevy Camaro.
|Camaro car insurance||Average annual premium|
|Minimum coverage||$ 501|
|Full coverage||$ 1,916|
Cheapest auto insurance for Chevys
Bankrate reviewed several offers for car insurance tariffs for the Chevy Camaro based on the major insurance carriers. The tariffs for this particular model are as different as the insurance carriers themselves and show how different the tariffs can be from one to another. In this particular case, USAA and Amica delivered the cheapest offers on average. Note, however, that fares are based on a variety of personal information, including the driver's zip code, gender, age, marital status, and driving history.
Average annual premium for fully comprehensive insurance according to the model
Chevy Features That Affect Insurance Costs
Because there are several standard and optional features available, the amount you pay for auto insurance for Chevy Camaro coupes or convertibles may vary based on the following factors:
- Airbags: Improved safety equipment like airbags can be a way to get additional discounts on insurance premiums. Airbags are standard on the Chevrolet Camaro, with the system including both frontal, side-impact and head-curtain airbags.
- Warnings for blind zones: The blind spot warning system and lane change warnings are also standard on the Chevy Camaro. These generate a warning tone that immediately draws your attention to another object or vehicle in your blind spot.
- Daytime running lights: This standard feature is sometimes seen as an additional security add-on by freight forwarders and can result in additional savings.
Other vehicle insurance coverage for a Chevy Camaro
When choosing auto insurance for a Chevy Camaro, there are a variety of options that go beyond the minimum coverage. Some options provide additional convenience when traveling without your vehicle, but others can cover significant medical expenses and loss of income if you are involved in an accident.
- Comprehensive insurance coverage: This coverage provides payment for a repair or replacement if anything other than a collision damages your vehicle. For example, if the vehicle has been hit by theft, vandalism, weather-related events or an animal.
- Collision protection: Collision insurance pays for repairs or replaces a vehicle if it is damaged due to an accident. You could either pay for the repairs needed or pay the book value if the damage is enough to make a total write-off.
- Uninsured / underinsured motorist insurance: Uninsured / Underinsured Drivers (UM / UIM) insurance can be either optional or mandatory, depending on the state you live in. This coverage can pay off if your Chevrolet Camaro is involved in a hit-and-run accident or in an accident with someone who is not insured or has adequate coverage.
- Personal protection (PIP): Like UM / UIM coverage, PIP is mandatory in some states and optional in others. This cover covers, regardless of fault, medical expenses, lost wages and funeral expenses in connection with an accident. This insurance cover applies to both you and your passengers.
- Roadside Assistance: This additional insurance cover provides assistance should you find that your vehicle is inoperable due to problems such as lack of fuel, a dead battery or a flat tire. It is possible that roadside assistance is included with the purchase of a new vehicle, but if not, consider adding it for emergency situations.
- Gap insurance: If your vehicle is totaled as a result of an accident and the payout is less than the amount you still owe from the loan, this cover will cover the difference. Most lenders ask for this coverage when you finance a vehicle.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:
- $ 100,000 personal injury liability per person
- $ 300,000 liability per accident
- $ 50,000 property damage liability per accident
- $ 100,000 personal injury from an uninsured motorist per person
- $ 300,000 personal injury to an uninsured driver per accident
- $ 500 deductible in case of collision
- $ 500 deductible
In order to set the minimum coverage limits, Bankrate has used minimum coverage that meets the requirements of the individual states. Our drivers with a basic profile own a 2019 Chevy of the following model types, commute five days a week and drive 12,000 miles a year:
These are sample rates and should only be used for comparison purposes.