Considering Chevrolet Camaro? You might be wondering, “How much is insurance for a Camaro?” On average, drivers pay $154 per month in Camaro insurance, which translates to $1,848 per year. *However, this depends on where you live, your driving history, your car, and your policy. Learn more about the cost of insurance on a Camaro before deciding which Camaro you want to drive home.
Minimum Liability Coverage in Virginia in how much is insurance for a Camaro.
In Virginia, drivers are required to bear the following minimum liability coverage amounts:
Bodily injury to one person: $25,000
Bodily injury for all injuries: $50,000
Property damage: $20,000
Minimum Liability Coverage in Nebraska
In Nebraska, drivers are required to bear the following minimum liability coverage amounts:
Bodily injury to one person: $25,000
Bodily injury for all injuries: $50,000
Property damage: $25,000
How to Compare Camaro Insurance Products and Services
When you are shopping for Chevy Camaro insurance, be sure to keep the following in mind before choosing a plan:
Cost and Deductible: Policies vary depending on the insurance company. Make sure you are providing the same information for each quote, and choose a premium and deductible that fits your monthly budget.
Minimum Coverage: Check the above section to make sure you are getting at least the minimum required coverage.
Optional Insurance: Consider increasing your coverage with alternative auto insurance such as uninsured motorist coverage and personal injury protection.
Policy Add-ons: Some insurance policies offer additional features like roadside assistance and accident forgiveness. If they are not covered by your policy, determine if they are worth the extra cost.
The policy restrictions: You can ask about policy restrictions to avoid coverage issues in the future.
Warranty: Sometimes, car warranty and auto insurance overlap in terms of what is covered. Compare your warranty versus insurance policy to see where you can cut costs.
Average Cost of Chevy Camaro Insurance
Insurance costs for the various Chevy Camaro model years were closely related to the value of the vehicle, with more recent and expensive models – particularly from 2018 to 2021 –These are having higher insurance costs on average than older vehicles.
We found that the 2014 Chevy Camaro has the cheapest insurance of the vehicles we surveyed, with an annual rate of $1,954. This is 25% less than the cost of insuring the 2021 Camaro – the model with the highest insurance cost.
In addition to the year it was made, the insurance cost of your Camaro will also be affected by its trim, with higher trim levels usually yielding higher rates. Trim level can have a significant impact on a vehicle’s value. It determines the potential cost to insurers if they have to pay to repair or replace your vehicle for a comprehensive or collision insurance claim.
|Model||Price||Average car insurance cost|
|2021 Chevrolet Camaro LT||$25,500||$2,612|
|2020 Chevrolet Camaro LT||$25,500||$2,526|
|2019 Chevrolet Camaro 1LT||$25,500||$2,440|
|2018 Chevrolet Camaro LT||$26,700||$2,362|
|2017 Chevrolet Camaro LT||$26,600||$2,289|
|2016 Chevrolet Camaro 1LT||$25,700||$2,154|
|2015 Chevrolet Camaro LT||$26,005||$2,011|
|2014 Chevrolet Camaro LT||$25,855||$1,954|
For example, the 2021 Chevy Camaro SS costs $37,500, which is 47% more expensive than the 2021 Camaro LT – one of the cheaper trim levels. Because of this price difference, Camaro SS owners will pay more for insurance than Camaro LT owners.
Another factor that affects how much it costs to insure a Camaro is the age of the driver. In general, younger drivers can expect to pay more for car insurance than older drivers. Based on our analysis, Camaro insurance for a 21 year old driver is on average 32% more expensive than a 30 year old driver.
What Affects Camaro Insurance Rates?
Car insurance companies base your premiums on the likelihood of you filing a claim, as well as the associated costs. Even with a complete driving history, the type of vehicle you drive will affect your premium. How do insurance companies see the Chevy Camaro? Here’s a quick analysis of the logic behind insurance on a Camaro:
The Car Type: The Chevy Camaro is a muscle car or “pony car”. It produces up to 650 hp and can reach about 200 mph.
Potential for theft: High-performance two-door coupes like the Camaro are less prone to theft than sedans and pickups.
Repair Cost: According to Edmunds True Cost to Own, the average maintenance and repair cost for Henrico drivers of a 2018 Chevy Camaro is approximately $5,033 over a 5-year period.
Safety Rating: The 2019 Chevy Camaro earned a 5-star overall safety rating from NHTSA.
Fuel: The Camaro is gas-powered, which makes it cheaper to insure than a hybrid, EV or diesel-powered vehicle.
Feature Options: If you buy a higher trim like the ZL1 instead of a lower trim like the 1LS or 3LT, you can expect to pay more for insurance.
How Camaro Insurance Costs Compare to Other Vehicles
Compared to other popular American-made muscle cars – the Ford Mustang and the Dodge Charger – the Chevy Camaro is more expensive to insure. The cost to insure a 2021 Camaro was $2,612 per year, 14% more than the 2021 Dodge Charger rate and 13% more expensive than the 2021 Ford Mustang. Additionally, we found the 2013 Chevrolet Camaro ZL1 to be the second cheapest muscle car insurance for young drivers.
Top Chevrolet Camaro Insurance Companies
Here are some best company for Chevrolet Camaro insurance rates? While the actual rates you pay depend on several factors, here are some of the top companies offering Chevrolet Camaro insurance coverage (ordered by market share). Most of these companies offer discounts for the security systems and other safety features that the Chevrolet Camaro offers.
Ways to Save on Chevrolet Camaro Insurance
If you want to reduce the cost of your Chevrolet Camaro insurance rates, then follow the tips given below:
- Spy on your teen driver
- Improve your credit score
- Buy your Chevrolet Camaro with cash, or get a short term loan
- Take advantage of referral fees
- Do a defensive driving course or any driver’s education course
Chevrolet Camaro Insurance Loss Potential
Lower percentage means lower Chevrolet Camaro car insurance cost; Higher percentage means higher Chevrolet Camaro car insurance cost. Now compare the following Chevrolet Camaro auto insurance loss probability rates for collision, property damage, comprehensive, pip, medpay and bodily injury.
|Insurance Coverage Category||Loss Rate|
FAQ about how much is insurance for a Camaro?
Which insurer has the best claim settlement ratio for Chevrolet Camaro cars
Bharti AXA General Insurance, Acko General Insurance, and ICICI Lombard General Insurance are among the car insurers with great claim settlement ratios for Chevrolet Camaro cars.
Where can I buy insurance for my Chevrolet Camaro car
You can compare car insurance policies for Chevrolet Camaro offered by all the top rated insurers in India at InsuranceDekho and choose the plan that best suits your needs. With InsuranceDekho, you can buy an insurance policy in just 5 minutes
What are the insurance add-ons for Chevrolet Camaro cars
The most opted insurance add-ons with Chevrolet Camaro cars include RSA (Road Side Assistance) cover, zero depreciation add-on, NCB (No Claim Bonus) cover and Engine cover.
What are all the documents I need to get my Chevrolet Camaro car insurance renewed?
You can get your Chevrolet Camaro car insurance policy renewed paperless with InsuranceDekho. You just need to carry the following details with you:
1 Previous year policy number
2 Expiry date of last year’s policy
3 Vehicle Registration Number
How much is Camaro insurance for teenagers?
The average car insurance rates for a teen age driver on a 2021 Chevy Camaro are expensive. The Prices range starts from $5,108 for a 19-year-old female driver to a high of $7,368 for a 16-year-old male driver.
Thats all about how much is insurance for a Camaro, Thanks for reading.
Also read cost for repairing front bumper.