How much does auto insurance cost for the Chevy Camaro? Chevy Camaro car insurance rates can be determined by a number of different factors. The Camaro is made by GM Chevrolet and is considered a sports car.
It has recently soared in popularity thanks to the popularity of the “Transformers” movies, in which the character Bumblebee is depicted as a 1976 fifth-generation version of the car.
This car has been sold since the year 1966 and continues to be re-launched in newer generations down to the year 2009. This car was originally devised to compete against the original Ford Mustang of the 1960′s.
The Chevy Company once sardonically commented that the Camaro was “a small, vicious animal that eats Mustangs.”
The newest Camaro’s come fully loaded with features which increase the production price—even if they aren’t sexy red convertibles. Oshawa Car Assembly is the company responsible for production. Currently, the newest cars are coupe style, available in LS LT or SS trim. The traditional units are V6 and 304 hp with a six-speed manual or automatic. However, the SS version is an LS3 V8 engine producing 426 hp.
Needless to say, this is a fast and expensive car. 2010 model Camaro’s are estimated to cost between $20,000 and $30,000, depending on the precise model. 2011 Chevy Camaro car insurance rates will be slightly higher.
Chevy Camaro Insurance Rates
What does this mean for Chevy Camaro car insurance coverage? How much is car insurance for a Camaro? Well, Camaro insurance prices can vary based on the location that the Camaro is parked at night, the driving history of the primary driver, and other factors but we can infer some things about the Chevy Camaro’s insurance costs.
To some extent, newer cars are going to be expensive to insure, at least when compared to older model cars with less special features that may need classic car insurance or muscle car insurance so the car insurance costs of a new Camaro will likely be more expensive than the car insurance rates for a used Camaro. If you want specific Chevrolet Camaro car insurance quotes online for the specific Camaro that you have in mind then simply enter your zip above to start comparing free Chevy Camaro car insurance quotes now!
What Determines the Price of Camaro Insurance?
What you actually pay per month to drive your Camaro will be partly determined by your lifestyle, your demographical information and what insurance products you actually want. For example, if you were to pay only for bodily injury liability (legally required in most states) then you would pay a much lower cost than someone with full coverage, which includes collision and comprehensive coverage. Getting insurance on a Camaro can be easy, if one takes the time to compare FREE auto quotes!
Whereas collision handles on-road accidents, comprehensive coverage covers vandalism, damage from weather or other unforeseen incidents. If you are currently financing a car (or plan to), then know that the dealership or the bank will insist that you have full coverage. Whether you need insurance on a a new Camaro or an old one, we can help you by comparing quotes INSTANTLY!
If you opt for uninsured motorist or underinsured motorist protection then you will pay more for your policy. The policy price is determined by the amount of coverage you want to insure. If you were to want $30,000 worth of coverage on your vehicle (which is close to the full price of a Camaro) then you would have a much higher premium.
Most U.S. States have a minimum requirement for bodily injury liability coverage, as well as property damage liability. However, many car owners are more comfortable buying additional coverage, especially if they don’t want to fix damage to their expensive luxury car out of their own pocket.
Can a sports car be safe?
The newest generation of Camaro is equipped with many modern safety features. It is equipped with both front and side airbags, as well as a crash notification system. The handling is augmented with electronic stability control, traction control, and four wheel anti-lock brakes. In extreme braking situations, the emergency braking assist feature kicks in.
For extra security, the Camaro is equipped with the engine immobilizer, which will help prevent the car from being hotwired and stolen. Insurance companies love this as well as the standard anti-theft alarm. Since it is a Chevy, it also comes standard with OnStar, which is also attractive to insurance companies since it can help retrieve a stolen vehicle.
But is it safe? It is, according to the governments new, more rigorous crash tests.
The 2012 Camaro received five stars, the highest rating, in all four categories of testing: frontal crash, side crash, rollover, and overall.
This high score will help offset the higher sports car premiums, at least a little.
The Expense of Fixing a New Car
Right away, we know that part of your premium will be determined by the cost of fixing the car. If you know a good mechanic and can get a great wholesale deal on parts, then maybe there’s nothing to worry about. On the other hand, a dealership charges a high amount for service, parts and labor.
If you increase your deductible then you can expect to have a much lower monthly payment. If you get into a fender bender however, the cost of repairing this expensive car could be quite heavy. It will help your overall finances to compare insurance costs with the cost of handling your own damages resulting from a higher deductible.
Motorists who want full coverage insurance for their car could expect to pay upwards of $1,000 a year, which converts to about $80 or less per month. In some states, the average annual premium is closer to $2500 a year. Motorists who choose to only order liability coverage could easily cut that premium in half. However, those bragging rights are relative to many factors.
How to Get a Better Deal on Your Camaro
For example, an older person who drives a Camaro and has no accidents or traffic tickets on his record might pay a lower price than an unproven teenager or twenty-year old. Individuals above the age of 25 usually get a slight discount on their insurance (regardless of car type), as do people who only drive their car for errands and pleasure (as opposed to people who use a work vehicle everyday). Married couples and female drivers usually receive a discount on their auto insurance.
Remember too that credit plays an important part in determining your premium. Good credit tells an insurance company that you are responsible with your finances and thus can be expected to be equally responsible when you drive. Insurance companies have noticed that people who do pay off their bills statistically seem to file fewer claims. In order to save the most money possible, make sure you take the time to find the average car insurance for a Chevy Camaro!
If you are looking to finance your newer Chevy Camaro, then do not give up the search. Understand that many insurance companies will give you high quote, based only on your model of car. However, once you start talking to the agent and explaining the coverage you actually want, you may find the company more reasonable in their negotiations. Simply put: it’s not just the type of car that determines the price of insurance…it’s the vehicle and the motorist as a team.
What you might do is use a search website online like the free tool on this page. This web feature takes in your demographic and car information and then returns a result to you, comparing various car insurance companies. Some of the top companies include AAA, Farmers, GEICO, and Progressive. However, you may be able to find better insurance policies locally. Enter your zip code in to search for a Chevy Camaro insurance quote right now and start saving!
