1992 Chevrolet Camaro Insurance Rates – 10 Ways to Save

I can’t think of a single person who looks forward to paying for insurance, particularly when their premiums are too high. There are many insurers to pick from, and though it is a good thing to have a selection, it makes it harder to compare rates and find the lowest cost insurance.

It’s important to check insurance prices yearly because insurance rates are constantly changing. Despite the fact that you may have had the best deal for Camaro coverage a few years ago other companies may now be cheaper. So just block out anything you think you know about insurance because you’re about to learn one of the best ways to find better rates and still maintain coverage.

Finding affordable coverage is not that difficult. If you have a policy now or are shopping for new coverage, you can use these techniques to shop for the lowest rates while maximizing coverage. Vehicle owners only need an understanding of the proper way to compare rates online.

How to Compare Insurance Costs

Comparing insurance rates can be challenging if you aren’t aware of the most efficient way. You can waste a lot of time talking about coverages with local insurance agents in your area, or you could use the web to get prices fast.

Most of the best insurance companies enroll in a system where prospective buyers send in one quote, and each participating company then gives them pricing based on that data. This eliminates the need for quotation requests for every insurance company.

To get comparison pricing now click here (opens in new window).

The only downside to using this type of form is you don’t know exactly which insurance companies you want to price. So if you want to select individual companies to receive pricing from, we have assembled a list of insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just make darn sure you compare exactly the same quote information with each company. If you enter mixed coverages it’s not possible to determine which rate is truly the best.

Are you getting all your discounts?

Companies that sell car insurance do not advertise every available discount very well, so we break down some of the more common and also the lesser-known savings tricks you should be using. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Paperless Signup – Certain companies may give you up to $50 for buying a policy and signing up on their website.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same car insurance policy could earn a price break for each car.
  • Use Seat Belts – Requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Government Employees – Active or retired federal employment may qualify you for a discount for Camaro coverage with certain companies.
  • Accident Waiver – A few companies will allow you to have one accident before your rates go up as long as you don’t have any claims for a certain period of time.
  • Good Student – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
  • Safety Course Discount – Taking a driver safety course could save 5% or more depending on where you live.
  • Drivers Education – Cut your cost by having your teen driver complete a driver education course in high school.
  • Lower Rates for Military – Having a family member in the military may qualify for rate reductions.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Some only apply to the cost of specific coverages such as liability and collision coverage. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.

Companies that possibly offer these discounts include:

Double check with each company what discounts are available to you. Savings might not be offered everywhere.

Tailor your coverage to you

When it comes to buying coverage, there really is not a best way to insure your cars. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Do I need higher collision deductibles?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • What are the financial responsibility laws in my state?
  • What can I do if my company won’t pay a claim?
  • Can I drive in Mexico and have coverage?
  • Is other people’s property covered if stolen from my vehicle?
  • Am I covered when driving a rental car?
  • How much underlying liability do I need for an umbrella policy?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.

Don’t listen to company ads

Drivers can’t ignore all the ads for cheaper car insurance from companies such as GEICO, State Farm and Progressive. They all seem to have a common claim about savings if you change your policy.

How can each company say the same thing? It’s all in the numbers.

Different companies are able to cherry pick for the driver that earns them a profit. For example, a desirable insured might be profiled as between the ages of 30 and 50, insures multiple vehicles, and drives less than 10,000 miles a year. Any driver who fits that profile receives the best rates and is almost guaranteed to cut their rates substantially.

Drivers who do not match the requirements must pay a more expensive rate which usually ends up with the customer not buying. The ads say “customers who switch” not “everybody who quotes” save that much money. That’s the way companies can advertise the way they do. This illustrates why drivers must compare many company’s rates. You cannot predict which insurance coverage company will have the lowest Chevy Camaro insurance rates.

Information about specific coverages

Understanding the coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages available from insurance companies.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 1992 Chevy Camaro.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision coverage – This pays for damage to your Camaro caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as crashing into a building, sustaining damage from a pot hole, scraping a guard rail, rolling your car and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Comprehensive coverages – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as falling objects, hail damage and rock chips in glass. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for medical payments – Med pay and PIP coverage reimburse you for expenses such as hospital visits, ambulance fees, doctor visits and dental work. They are used in conjunction with a health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Auto liability insurance – This coverage will cover damages or injuries you inflict on other people or property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as repair bills for other people’s vehicles, repair costs for stationary objects, funeral expenses, medical expenses and emergency aid. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

The best insurance company isn’t always the cheapest

We just showed you a lot of techniques to shop for 1992 Chevy Camaro insurance online. It’s most important to understand that the more price quotes you have, the higher your chance of finding lower rates. You may even find the biggest savings come from some of the lesser-known companies. These companies often have lower prices on specific markets as compared to the big name companies such as State Farm, GEICO and Nationwide.

Cost effective insurance can be purchased from both online companies and with local insurance agents, so you should compare both to have the best selection. Some insurance companies do not offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

Much more information about insurance can be found at the links below