2016 Chevrolet Camaro Insurance Rates – 7 Tips for Best Quotes

Trying to find better car insurance rates for your Chevrolet Camaro? Purchasing the cheapest car insurance over the internet can seem to be challenging for people who are new to price shopping online. With a ridiculous number of companies in the marketplace, how can you possibly compare every company to locate the best available rates?

Comparison of Car Insurance

Performing a rate comparison can take time and effort if you aren’t aware of the most efficient way. You can waste a lot of time talking to insurance companies in your area, or you could use online quoting to get pricing more quickly.

All the larger companies take part in a program that enables customers to complete one form, and each participating company can provide price quotes based on that data. This saves time by eliminating quote requests for each company you want a rate for.

To compare pricing click here to open in new window.

One minor caviat to getting quotes like this is you are unable to specify the companies you want to price. So if you prefer to pick specific insurance companies to compare prices, we put together a list of companies who write car insurance in your area. Click here for list of insurance companies.

Whichever method you choose, ensure you’re using identical quote information with every price quote. If you enter mixed coverages you can’t possibly determine the lowest rate for your Chevy Camaro. Quoting even small variations in limits may result in a large different in cost. And when quoting car insurance, remember that comparing more company’s prices gives you a better chance of getting lower pricing.

Switch companies and save? Really?

Car insurance companies such as State Farm and Allstate continually stream television and radio advertisements. They all seem to have a common claim that you can save after switching your policy. How does each company make almost identical claims? It’s all in the numbers.

All companies can use profiling for the right customer that makes them money. For instance, a desirable insured might be profiled as between the ages of 40 and 55, has no tickets, and has a high credit rating. A customer getting a price quote who meets those qualifications will get the preferred rates and therefore will save quite a bit of money when switching.

Potential insureds who don’t measure up to the “perfect” profile will have to pay higher premiums and this can result in business not being written. The ad wording is “drivers who switch” not “people who quote” save money. That’s why companies can truthfully make the claims of big savings.

Because of the profiling, it is so important to get quotes from several different companies. It’s just too difficult to predict which company will provide you with the cheapest Chevy Camaro insurance rates.

Don’t miss these seven discounts

Insuring your fleet can be pricey, but companies offer discounts to help offset the cost. Larger premium reductions will be automatically applied when you purchase, but some may not be applied and must be manually applied before being credited.

  • Anti-theft Discount – Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.
  • Paperless Signup – Some insurance companies will discount your bill up to fifty bucks just for signing your application online.
  • 55 and Retired – Older drivers may be able to get a discount up to 10% for Camaro coverage.
  • Federal Employees – Active or retired federal employment may qualify you for a discount for Camaro coverage depending on your company.
  • Life Insurance – Companies who offer life insurance give better rates if you take out a life insurance policy as well.
  • Payment Discounts – By paying your policy upfront rather than paying monthly you could save up to 5%.

Consumers should know that most discount credits are not given to your bottom line cost. Most cut individual premiums such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, car insurance companies aren’t that generous. But all discounts will cut your premiums.

Insurance companies that may offer these discounts include:

Double check with each insurance company which discounts they offer. Discounts may not apply everywhere.

When might I need help?

When buying coverage, there really is no “best” method to buy coverage. Every situation is different.

Here are some questions about coverages that may help highlight if you might need an agent’s assistance.

  • Is my Chevy Camaro covered if I use it for business?
  • When can I cancel my policy?
  • Who is covered when they drive my 2016 Chevy Camaro?
  • Do I need higher collision deductibles?
  • When does my teenage driver need to be added to my policy?
  • Am I insured when driving a different vehicle?
  • Are there companies who specialize in insuring high-risk drivers?

If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form.

Coverages available on your insurance policy

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement.

Comprehensive or Other Than Collision

This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from getting keyed, vandalism, rock chips in glass and theft. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage

This gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 2016 Chevy Camaro.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages do not exceed the liability coverage limits.

Liability insurance

This coverage can cover damage or injury you incur to other’s property or people 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. As an example, you may have values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like loss of income, attorney fees, structural damage and funeral expenses. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses for things like funeral costs, chiropractic care, doctor visits and rehabilitation expenses. They can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Collision coverage

Collision insurance covers damage to your Camaro resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for claims like scraping a guard rail, sideswiping another vehicle and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.

Best coverage at the best price

Affordable 2016 Chevy Camaro insurance is definitely available from both online companies as well as from independent agents, and you need to price shop both to have the best rate selection. There are still a few companies who don’t offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

In this article, we covered some good ideas how to save on insurance. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even find the best price on insurance is with the smaller companies.

As you prepare to switch companies, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to find the BEST coverage at a price you can afford while not skimping on critical coverages.

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