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Chevy Camaro Car Insurance Rates

Here's what you need to know...
  • The cost to insure a Camaro will depend on a variety of factors
  • There are liability limits required in almost every state, but you should consider purchasing higher limits and additional coverages
  • Your deductible amount will impact your premium cost
  • The Camaro has received excellent crash test ratings
How much does auto insurance cost for the Chevy Camaro? Camaro car insurance rates can be determined by a number of different factors including engine size and year.

Generally speaking, you can expect to pay $80+ per month for full coverage insurance for your Camaro (although, of course, you can opt for a cheaper policy if you don’t want all of the bells and whistles).

Be sure to enter your ZIP code into the FREE tool at the top of this page to compare multiple Chevy Camaro car insurance rates!

History of the Camaro

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The Camaro has recently soared in popularity thanks, in part, to 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. The Camaro was originally devised to compete against the Ford Mustang of the 1960s.

Motorists who want full coverage insurance for their Camaro could expect to pay upwards of $1,000 a year, which converts to about $80 or less per month.

The newest Camaros come fully loaded with features which increase the production price. 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 transmission, however, the SS version is an LS3 V8 engine producing 426 hp.

The Chevy Company once sardonically commented that the Camaro was “a small, vicious animal that eats Mustangs.”

Needless to say, this is a fast and expensive car. 2016 Camaros are estimated to cost between $26,695 for the coupe and $33,695 for the convertible.

OK, are you ready to find the best Camaro insurance rates? Of course, you are! You have a great car; now’s the time to find a great car insurance rate.

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Chevy Camaro Insurance Rates

Camaro insurance prices can vary based on the location that the vehicle is parked at night, the driving history of the primary driver, and other factors.

Some factors affecting the cost of insurance include:

  • Age of the driver – 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 – California insurance quotes will end up being different than Florida insurance quotes and on and on.
  • Age of your vehicle – 2013 Chevy Camaro car insurance rates will different from 2014 Chevy Camaro car insurance rates.

So, what’s the moral of the story when it comes to finding the cheapest Camaro car insurance policy? The answer is that you should shop around and compare your options from many different companies.

Don’t just buy the first cheap Camaro insurance quote that you come across. Take your time and research your options. You probably didn’t just buy the very first Camaro you came across, did you? Unless of course you just couldn’t resist because it was so beautiful.

To some extent, newer cars are going to be expensive to insure, at least when compared to older model cars with less special features, so the car insurance costs of a new Camaro will likely be more expensive than the car insurance rates for a used Camaro.

What determines the price of Camaro insurance?

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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), you would pay a much lower cost than someone with full coverage, which includes collision and comprehensive coverage.

Collision insurance handles on-road accidents. Comprehensive coverage covers:

  • vandalism
  • damage from weather
  • other unforeseen incidents

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 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), you would have a much higher premium.

Many car owners are more comfortable buying additional coverage than the state required minimums, 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
  • crash notification system
  • electronic stability control
  • traction control
  • four-wheel anti-lock brakes

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 government’s new, more rigorous crash tests.

The 2015 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

Mechanic standing in front of car with two wrenches in hand. Car repair.

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 price 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.

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

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 20-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 every day).

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.

If you are looking to finance your newer Chevy Camaro, do not give up the search. Understand that many insurance companies will give you a 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. It’s not just the type of car that determines the price of insurance, it’s the vehicle and the motorist as a team.

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 into search for a Chevy Camaro insurance quote right now and start saving!

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