2014 Chevrolet Camaro Car Insurance Quotes – 8 Tricks for Cheaper Rates

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out.

Drivers have multiple insurance companies to insure vehicles with, and though it is a good thing to be able to choose, it makes it harder to compare rates and cut insurance costs.

You need to check car insurance prices on a regular basis due to the fact that insurance rates go up and down regularly. Just because you found the best rates on Camaro coverage a few years ago you can probably find a lower rate today. Don’t believe everything you read about car insurance on the internet, so by reading this article, you’re going to learn a bunch of ideas how to quit paying high car insurance rates.

How to Compare Insurance Coverage Costs

There are several ways to get quotes from insurance coverage companies in your area. The simplest method to find the lowest 2014 Chevy Camaro rates is to perform an online rate comparison. This can be done in a couple of different ways.

  1. The first (and easiest) way to get quotes would be an industry-wide quote request form like this one (opens in new window). This type of form eliminates the need for separate quotation requests for every insurance coverage company. Completing one form will get you rate comparisons from several companies.
  2. A more difficult way to obtain and compare quotes online is to take the time to go to the website of each company to complete their respective quote request forms. For examples sake, let’s assume you want to compare State Farm, Progressive and Farmers. To find out each rate you need to go to every website and enter your policy data, which is why most consumers use the first method. To view a list of companies in your area, click here.

Whichever method you choose, compare apples-to-apples quote information for each price quote. If you compare different values for each quote you can’t possibly decipher which rate is best. Having just a slight variation in limits may cause a big price difference. And when comparison shopping, comparing more company’s prices will increase your chances of finding a lower rate.

Is there deception in advertising?

Companies like Progressive, Allstate and Geico regularly use television and radio advertisements. All the ads have a common claim that you can save if you move to their company. How can each company say the same thing? This is how they do it.

Insurance companies can use profiling for the type of customer that is profitable for them. For instance, a driver they prefer might be between 25 and 40, has no tickets, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will get very good rates and as a result will probably save when they switch companies.

Potential insureds who fall outside these standards will be quoted higher rates and this can result in business not being written. The ads say “customers that switch” but not “drivers who get quotes” save money. That’s why companies can make the claims of big savings.

This emphasizes why drivers must compare many company’s rates. It’s just too difficult to predict which company will give you the biggest savings on Chevy Camaro insurance.

How to reduce Chevy Camaro insurance rates

Properly insuring your vehicles can get expensive, but you may find discounts to help bring down the price. Some discounts apply automatically when you purchase, but lesser-known reductions have to be inquired about in order for you to get them.

  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on Camaro coverage than drivers with accident claims.
  • Sign Online – Certain companies give back up to $50 for buying a policy and signing up on their website.
  • Driver Safety – Taking part in a course teaching defensive driving skills could save 5% or more and easily recoup the cost of the course.
  • Anti-lock Brake System – Vehicles with anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
  • New Vehicle Savings – Adding a new car to your policy is cheaper because new vehicles have to meet stringent safety requirements.
  • Life Insurance Discount – Some companies give a discount if you purchase life insurance from them.
  • Sign Early and Save – Some insurance companies reward drivers for signing up before your current policy expires. It can save you around 10%.
  • Payment Discounts – If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.

Keep in mind that most discount credits are not given to all coverage premiums. Some only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck. But all discounts will reduce your premiums.

For a list of insurers offering insurance coverage discounts, click here to view.

Tailor your coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is no best way to insure your cars. Every insured’s situation is different so this has to be addressed. These are some specific questions might point out if your situation will benefit from professional help.

  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is extra glass coverage worth it?
  • Is my dog or cat covered if injured in an accident?
  • Do I need higher collision deductibles?
  • What can I do if my company denied a claim?
  • Is my ex-spouse still covered by my policy?
  • Can I drive in Mexico and have coverage?
  • When can I cancel my policy?
  • Can I make deliveries for my home business?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.

Car insurance policy coverages for a Chevy Camaro

Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. These are typical coverage types found on most car insurance policies.

Protection from uninsured/underinsured drivers

This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Chevy Camaro.

Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently these limits do not exceed the liability coverage limits.

Auto collision coverage

Collision insurance will pay to fix damage to your Camaro resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as crashing into a building, hitting a mailbox and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Medical expense insurance

Med pay and PIP coverage kick in for expenses for things like EMT expenses, rehabilitation expenses, X-ray expenses, prosthetic devices and nursing services. They can be used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like fire damage, hitting a deer, hail damage, a broken windshield and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability coverage

Liability insurance protects you from damage that occurs to other’s property or people in an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.

Liability insurance covers things like funeral expenses, court costs, loss of income, emergency aid and attorney fees. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.

In conclusion

Cheaper 2014 Chevy Camaro insurance is attainable on the web in addition to many insurance agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who do not provide online quoting and these smaller companies work with independent agents.

In this article, we presented many tips how you can shop for insurance online. The key concept to understand is the more rate quotes you have, the better likelihood of reducing your rate. Consumers could even find that the best price on auto insurance is with the least-expected company. They may cover specific market segments cheaper than their larger competitors like State Farm, Geico and Nationwide.

When buying insurance coverage, it’s very important that you do not reduce coverage to reduce premium. Too many times, an accident victim reduced uninsured motorist or liability limits only to find out that the few dollars in savings costed them thousands. The ultimate goal is to buy the best coverage you can find at a price you can afford.

More learning opportunities