How to Find Cheap Chevrolet Camaro Insurance Quotes

Looking for cheap Chevrolet Camaro insurance quotes? Comparing Chevrolet Camaro car insurance rates can be confusing if you don’t know how much Camaro insurance typically costs.

The average cost of full coverage car insurance for a Chevrolet Camaro is $123 per month or $1,472 annually. However, many factors will impact your individual rate. For example, liability car insurance coverage for the Camaro costs drivers an average of $49 per month or $590 a year. 

Read through our complete guide to learn what goes into your Chevrolet Camaro car insurance costs. Use this article to serve as a reference point while shopping for Chevrolet Camaro insurance rates so you can spot a good policy when you see one.

So how much is insurance for a Camaro? You can start comparing quotes for your Chevrolet Camaro right now by entering your five-digit ZIP code into our FREE quote tool above.

Chevrolet Camaro Car Insurance Costs

The average Chevrolet Camaro car insurance rates are $1,472 a year or $123 a month for a full coverage policy. However, many factors influence your overall Camaro insurance cost. 

For example, high-risk drivers will pay much more than low-risk drivers for car insurance on a Chevy Camaro. 

Take a look at the graph below to compare Chevrolet Camaro auto insurance rate options based on risk, coverage level, and more.

As you can see, the amount of coverage you purchase will impact your total premiums. Similarly, your age will also impact your car insurance rates. According to the data above, teenage drivers pay much higher than average rates on car insurance for a Chevrolet Camaro.

Keep reading to learn exactly what factors are used when determining your car insurance costs and what you can do to keep your auto insurance rates low. 

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Are Chevrolet Camaros expensive to insure?

Are Chevrolet Camaros more expensive to insure than other similar vehicles on the market today? The Camaro is considered to be a muscle car. Muscle cars and sports cars tend to receive higher car insurance prices than economy sedans or family vehicles. 

One reason for car insurance rate increases is that providers worry these types of vehicles tempt drivers to make reckless choices on the road, such as speeding. 

How does the Camaro compare to other classic muscle cars like the Cadillac ATS-V, Ford Mustang, or Audi R8? Take a look at the table below to find out.

The Chevrolet Camaro insurance cost falls somewhere in the middle when compared to other sports cars. It is not the least or most expensive muscle car in terms of car insurance rates. 

However, there are a few things you can do to find the cheapest Chevrolet insurance rates online. Learning what impacts your rates is the best place to start. 

What impacts the cost of Chevrolet Camaro car insurance?

There are many different variables that go into calculating your car insurance rates. For example, the Chevrolet Camaro trim and model you choose will impact the total price you will pay for your Chevrolet Camaro insurance coverage.

Some other factors affecting the cost of car insurance include:

• The age of the driver. Car accidents are the leading cause of death for teenagers. Is it any wonder that Chevy Camaro insurance for an 18-year-old will be more expensive than for a 50-year-old?
• Where you live. Each state has different car insurance laws. Therefore, California insurance quotes will end up being different than Florida insurance quotes, and so on and so forth.
• The age of your vehicle. Older car models tend to cost less to insure than newer ones. The 2016 Chevy Camaro car insurance rates will be lower than the 2018 Chevy Camaro car insurance rates.

So, what’s the moral of the story when it comes to finding the cheapest Camaro car insurance policy? Don’t just buy the first cheap Camaro insurance quote that you come across. 

You should take your time, shop around, and compare your options from many different companies.

The Age and Trim of your Chevrolet Camaro and Your Car Insurance Rates

After the “Transformers” movie helped make the Chevy Camaro a household name in the 2000s, the vehicle’s popularity soared. 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.

The Camaro was originally devised to compete against the Ford Mustang of the 1960s. The Chevy Company once sardonically commented that the Camaro was “a small, vicious animal that eats Mustangs.”

The newest Camaros come fully loaded with features, which increase the production price. Oshawa Car Assembly is responsible for production. 

The average Chevrolet Camaro car insurance rates are higher for newer models. For example, annual car insurance rates for a 2020 Chevrolet Camaro cost $1,472, while the 2010 Chevrolet Camaro rates are $1,192 annually. That’s a difference of $280 each year. 

Compare more annual car insurance rates for the Camaro by model year and coverage level in the table below.

To some extent, newer cars are always going to be more expensive to insure. Older car models usually have fewer special features, so the car insurance costs are lower. 

Therefore, a new Camaro will likely be more expensive to insure than the car insurance rates for a used Camaro.

How Your Driver Age Impacts Your Chevrolet Camaro Car Insurance Rates

Driver age can have a significant effect on Chevrolet Camaro car insurance rates. Insurance providers equate age to driving experience. Younger drivers are more likely to get into accidents and file claims. As a result, they receive higher rates.

In the graph below, compare the average annual rates Chevrolet Camaro owners pay for car insurance by driver age.

Teenagers driving sports cars will always appear high-risk to car insurance companies. However, once you turn 25, your car insurance costs decrease dramatically. 

Until then, consider asking about good student and safe driver discounts.

How Your Driver Location Impacts Your Chevrolet Camaro Car Insurance Rates

Where you live can have a large impact on Chevrolet Camaro insurance rates. Bigger cities with higher vehicle theft rates and denser populations make you more prone to filing claims. That can lead to more expensive car insurance rates.  

Take a look at the graph below to compare average annual rates for car insurance by major American cities.

As you can see, drivers in Los Angeles may pay $210 a year more than drivers in Houston.

Another reason why your location matters is because car insurance laws vary by state. The legal car insurance limits in California are different than in Texas. 

How Your Driving Record Impacts Your Chevrolet Camaro Car Insurance Rates

Your driving record can have an impact on the cost of your Chevrolet Camaro car insurance. Safe drivers qualify for more discounts and receive some of the lowest average rates.

Check out the graph below to see how different traffic violations will impact your Chevy Camaro insurance costs.

Teens and drivers in their 20’s see the highest jump in their Chevrolet Camaro car insurance rates with violations on their driving record.

Ultimately, bad driver car insurance rates will be much higher than average. If you commit too many traffic violations, some major companies might refuse to insure you altogether. 

However, if you only have one or two minor violations on your record, ask about accident forgiveness programs. This will act like a discount and will lower your overall rates. 

Chevrolet Camaro Safety Ratings and the Impact on Your Car Insurance Rates

Your Chevrolet Camaro car insurance rates are influenced by the Chevrolet Camaro’s safety ratings. The Insurance Institute for Highway Safety (IIHS) tests different vehicles and publishes the results for the public. 

See the breakdown for the 2020 Chevrolet Camaro safety ratings in the table below.

A rating of ‘Good’ is the highest possible score given by the IIHS. Overall the Chevrolet Camaro did okay during the crash tests. However, the roof did receive an ‘Acceptable’ rating. 

See a video of the 2016 Chevy Camaro moderate overlap crash test performed by the IIHS below.

These safety results are decent for a sports car, which means your premiums should not increase too dramatically. If you currently own a Camaro, your insurance rates likely already reflect your vehicle’s safety ratings. 

Chevrolet Camaro Crash Test Ratings and the Impact on Your Car Insurance Rates

The Chevrolet Camaro crash test ratings can also impact the cost of your car insurance. The National Highway Traffic Safety Administration (NHTSA) is a faction of the Department of Transportation that tests the durability of vehicles on the market today. 

See the Chevrolet Camaro crash test results by different model year and trim levels in the table below.

A 5-star rating is the highest possible score given by the NHTSA. As you can see, not every test was performed on all Chevy Camaro models.

However, the scores that this vehicle did receive are pretty good. This will help keep your car insurance rates on the lower side. 

How the Chevrolet Camaro Safety Features Affect Your Car Insurance Rates

The Chevrolet Camaro comes with a plethora of different safety features. These safety features can sometimes qualify for additional discounts.  

See a list of the Chevrolet Camaro safety features below. 

• Driver airbag
• Passenger airbag
• Front head airbag
• Rear head airbag
• Front side airbag
• 4-wheel anti-lock brakes
• 4-wheel disc brakes
• Brake assist
• Electronic stability control
• Daytime running lights
• Traction control
• Emergency trunk release

For extra security, the Camaro is equipped with and engine immobilizer, which will help prevent the car from being hot-wired and stolen. Anti-theft features like this one can also qualify for car insurance discounts. Ask your provider if you are eligible. 

Since it is a Chevy, it also comes standard with OnStar. This is also attractive to insurance companies since it can help retrieve a stolen vehicle.

How the Chevrolet Camaro Insurance Loss Probability Affects Your Car Insurance Rates

Understanding the Chevrolet Camaro’s insurance loss probability will help you predict your car insurance costs. Lower insurance loss probabilities mean lower insurance rates. However, higher percentages mean higher Chevrolet Camaro car insurance costs. 

Take a look at the Chevrolet Camaro insurance loss probability details in the table below.

The Chevrolet Camaro’s insurance loss probability varies between different coverage types. Unfortunately, the collision and comprehensive loss ratios for the Camaro are substantially worse than average. Expect your rates for collision coverage and comprehensive coverage on the Chevrolet Camaro to be higher than average. 

The medical payments and bodily injury loss ratios are also worse than average. These poor loss ratios help explain why your insurance rates for this sports car are a bit higher than other vehicles. 

Financing a Chevrolet Camaro and Your Car Insurance Costs

Will financing a car affect your car insurance rates? The insurance provider will not increase your car insurance premiums simply because you’re financing or leasing your Camaro. However, your rates will likely be higher because the dealership might require you to purchase additional coverage for the duration of your loan term. 

Usually, you’ll have to carry your state’s legal minimum limits, as well as additional collision and comprehensive coverage. Sometimes, guaranteed asset protection or GAP insurance is also required by dealerships when you lease or finance a new car. 

The dealership might offer you a policy, but you will pay more if you purchase your car insurance through them. Instead, you should shop around and compare Chevrolet Camaro car insurance quotes from the best companies before signing your name on any dotted lines. 

Remember, investing in a full coverage policy that includes collision and comprehensive insurance will cost you more than a basic liability-only policy. However, you also receive better protection. 

Liability insurance only pays for damages to the other driver when you are found at fault for an accident. 

Collision insurance will cover most damage caused to your car while it is in motion. This includes getting hit by another vehicle or colliding with a tree or telephone pole. 

Comprehensive insurance will cover most damage caused to your car while it is not in motion. This includes weather or animal damage, floor and fire protection, vandalism, and even vehicle theft. 

GAP insurance helps pay for the difference between the actual cash value of your vehicle and what is left on your loan in the event you total your Camaro. 

To reiterate, if you are currently financing a car or plan to, know that the dealership or the bank will insist that you have full coverage.

If you also 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.

Fortunately, many car owners actually prefer buying additional coverage than the state-required minimums. This is a smart investment, especially if you don’t want to fix damage to your expensive luxury car out of your own pocket.

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Ways to Save on Chevrolet Camaro Car Insurance

You have more options at your disposal to save money on your Chevrolet Camaro car insurance costs. For example, try taking advantage of the following five strategies to reduce your Chevrolet Camaro car insurance rates:

• Remove unnecessary insurance once your Chevrolet Camaro is paid off.
• Compare quotes from multiple companies when buying your Chevrolet Camaro car insurance policy.
• Move to an area with a lower cost of living. 
• Check your Chevrolet Camaro policy carefully to ensure all information is correct. 
• Ask about additional policy discounts. Not every discount is publicly advertised by the insurance provider. 

Remember, sports cars are higher-risk vehicles to insure. Providers believe drivers are more likely to speed in these vehicles. This means greater chances of getting into an accident or getting a speeding ticket. 

If you’re a teenager, the Chevy Camaro might not be the cheapest choice for you. An older person who drives a Camaro and has no accidents or traffic tickets on their record will pay a lower price than any teenager or 20-year-old.

If you’re married, you can save money on your Camaro car insurance by putting all household cars under the same policy. Multi-car discounts can lead to some massive savings. Bundling your different insurances is another easy way to save. 

If you have good credit, that tells the insurance company that you are responsible with your finances. Thus, you can be expected to be equally responsible when you drive. Insurance companies have noticed that people who pay off their bills statistically file fewer claims.

If you are looking to finance your newer Chevy Camaro, do not give up the search. Once you start talking to agents and explain the coverage you actually want, you may find the company more reasonable in their negotiations.

Top Chevrolet Camaro Car Insurance Companies

The best car insurance companies for the Chevrolet Camaro will offer rates that are competitive, will provide you with multiple discounts, and will account for the Chevrolet Camaro’s safety features. 

The following list of car insurance companies outlines which companies hold the highest market share. All of these providers will insure the Chevrolet Camaro.

Top 10 Chevrolet Camaro Car Insurance Companies by Market Share

Rank	Companies	Volume	Market Share
1	State Farm	$65,615,190	9.30%
2	GEICO	$46,106,971	6.60%
3	Progressive	$39,222,879	5.60%
4	Liberty Mutual	$35,600,051	5.10%
5	Allstate	$35,025,903	5.00%
6	Travelers	$28,016,966	4.00%
7	USAA	$23,483,080	3.30%
8	Chubb	$23,388,385	3.30%
9	Farmers	$20,643,559	2.90%
10	Nationwide	$18,442,145	2.60%
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Purchasing insurance from a company that holds a high percentage of the market share is a good way to guarantee that the provider is financially stable. 

You want to trust that your provider can pay out your claim even in the event of an economic downturn. 

Take a closer look at the market share percentage of the leading Chevrolet Camaro car insurance companies in the graph below.

A cheap car insurance policy isn’t the only thing consumers should think about. Remember to also look at the customer service and claims reviews as well for any provider you’re interested in. 

Should you get into a car accident, you don’t want to work with an insurer who is unresponsive or difficult to work with. 

You are now an expert on finding cheap Chevrolet Camaro insurance quotes. Refer back to our guide as much as needed while you comparison shop for your best rates. 

If you are ready to buy cheap Chevrolet Camaro insurance, enter your five-digit ZIP code into our free quote tool below to receive cheap Chevrolet Camaro insurance rates from reputable providers near you.