Lower Your 1996 Chevrolet Camaro Insurance Rates

Trying to find better insurance rates for your Chevrolet Camaro? Searching for affordable insurance online may be problematic for consumers not familiar with comparison shopping online. With dozens of online companies available, how can you effectively compare the different rates to find the cheapest rates?

It’s smart to take a look at other company’s rates periodically because prices are constantly changing. Just because you found the best deal on Camaro insurance a couple years back there may be better deals available now. Forget anything you know (or think you know) about insurance because I’m going to let you in on the secrets to how to use the internet to eliminate unnecessary coverages and save money.

If you are paying for car insurance now, you will be able to lower your premiums substantially using these methods. Buying the best car insurance coverage is not that difficult. Nevertheless, consumers must know how big insurance companies market on the web because it can help you find the best coverage.

Do you qualify for discounts?

Properly insuring your vehicles can get expensive, but there are discounts available that many people don’t even know exist. Certain discounts will be triggered automatically at the time of purchase, but lesser-known reductions have to be asked about before you will receive the discount.

  • Accident Free – Drivers with accident-free driving histories pay less when compared to frequent claim filers.
  • Good Student Discount – Performing well in school can save 20 to 25%. This discount can apply until age 25.
  • Driver’s Ed – Have your child successfully complete driver’s ed class if it’s offered in school.
  • Resident Student – Youth drivers living away from home attending college without a vehicle on campus can receive lower rates.
  • Multiple Vehicles – Insuring multiple vehicles on the same auto insurance policy qualifies for this discount.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less on Camaro insurance than drivers with accidents.

Consumers should know that most discounts do not apply to the overall cost of the policy. Most only apply to specific coverage prices like liability and collision coverage. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky. But any discount will bring down the amount you have to pay.

Insurance companies that may offer some of the above discounts include:

Check with all companies you are considering which discounts they offer. Some discounts may not be available in your area.

Factors that can influence insurance rates for a Chevy Camaro

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for insurance. Knowing what determines base rates empowers consumers to make smart changes that could result in big savings.

  • Mature drivers pay less – Youthful drivers have a tendency to be more careless behind the wheel so insurance rates are higher. If you’ve ever had to add a teenage driver to your policy can be very expensive. Older drivers are viewed as being more responsible, statistically cause fewer accidents and tend to be better behind the wheel.
  • Careful drivers pay lower rates – A bad driving record has a huge affect on how much you pay. Even one moving violation can increase rates forty percent or more. Good drivers receive lower rates than people who have multiple driving citations. If you have severe violations like DWI, reckless driving or hit and run convictions may find they need to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to drive a vehicle legally.
  • Car features impact rates – Purchasing a vehicle with a theft deterrent system can get you a discount on your insurance. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your vehicle from being stolen.
  • Women pay lower rates – Statistics have proven that men are more aggressive behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women tend to get into accidents in similar percentages, but the men have costlier accidents. Men also statistically receive more costly citations such as reckless driving. Teenage male drivers are several times more likely to be in an accident and are penalized with high insurance rates.
  • Bundling policies can get discounts – Most insurers will award you with lower prices to policyholders who consolidate policies with them such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even with this discount, it’s in your best interest to compare rates to make sure you are getting the best deal.
  • Lower deductibles cost more – Your deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Coverage for physical damage, also known as collision and other-than-collision, protects your car from damage. Some instances where coverage would apply would be colliding with a building, vandalism, or theft. The higher the amount you are required to pay out-of-pocket, the lower your rates will be on Camaro insurance.
  • Protect your assets with liability insurance – Liability coverage provides coverage in the event that you are found liable for causing damage or personal injury in an accident. It will provide legal defense coverage starting from day one. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • Where you live can impact rates – Choosing to live in a rural area can save you money when insuring your vehicles. Less people living in that area means fewer accidents and also fewer theft and vandalism claims. Drivers in populated areas regularly have traffic congestion and longer commute times. Higher commute times translates into higher accident risk.

Don’t assume everyone needs the same coverage

When buying the right insurance coverage, there is no cookie cutter policy. Each situation is unique.

For instance, these questions could help you determine if you might need an agent’s assistance.

  • Do I need replacement cost coverage on my 1996 Chevy Camaro?
  • Am I covered if I hit my neighbor’s mailbox?
  • Does my medical payments coverage pay my health insurance deductible?
  • Can my babysitter drive my car?
  • What is UM/UIM insurance?
  • Is rental equipment covered for theft or damage?
  • How many claims can I have before being cancelled?
  • Am I covered by my spouse’s policy after a separation?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, fill out this quick form.

The coverage is in the details

Understanding the coverages of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and coverage can change by endorsement.

Auto liability

This coverage protects you from damage or injury you incur to a person or their property that is your fault. This insurance protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different 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 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims like court costs, medical expenses and medical services. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.

Coverage for medical payments

Med pay and PIP coverage kick in for bills for things like ambulance fees, hospital visits, rehabilitation expenses and X-ray expenses. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Coverage for collisions

This coverage covers damage to your Camaro resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims like hitting a parking meter, crashing into a ditch, sideswiping another vehicle, colliding with a tree and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive coverages

This covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as fire damage, vandalism and rock chips in glass. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured and underinsured coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your 1996 Chevy Camaro.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are set the same as your liablity limits.

Never pay more for less

Cheaper 1996 Chevy Camaro insurance can be sourced on the web as well as from independent agents, and you need to comparison shop both to get a complete price analysis. Some companies don’t offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.

When buying insurance coverage, don’t be tempted to buy poor coverage just to save money. There have been many cases where drivers have reduced full coverage only to find out that they should have had better coverage. The aim is to purchase plenty of coverage at an affordable rate while still protecting your assets.

People who switch companies do it for many reasons like not issuing a premium refund, high rates after DUI convictions, poor customer service and policy non-renewal. Regardless of your reason for switching companies, choosing a new company is pretty simple and you could end up saving a buck or two.

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