2018 Chevrolet Camaro Insurance Cost

Getting the lowest cost insurance coverage can appear to be overwhelming for consumers new to quoting and online price comparisons. With dozens of companies, how are consumers able to have the ability to compare every one to find cheaper insurance coverage rates?

Buying car insurance is not rocket science. Just about anyone who shops for insurance coverage most likely will be able to reduce their rates. Nevertheless, vehicle owners do need to know how the larger insurance companies price online insurance and take advantage of how the system works.

Insurance price influencing factors

Lots of things are used when quoting car insurance. Some are pretty understandable such as traffic violations, but others are less obvious like your vehicle usage or how financially stable you are.

  • Credit score impact auto insurance costs – A driver’s credit score is likely to be a major factor in calculating your auto insurance rates. Therefore, if your credit rating leaves room for improvement, you could be paying less to insure your 2018 Chevrolet Camaro if you clean up your credit. Insureds that have excellent credit scores tend to be better risks to insure than drivers who have lower credit scores.
  • Tickets drive up rates – Your driving record impacts your car insurance rates tremendously. Careful drivers pay less for auto insurance than their less careful counterparts. Even a single speeding ticket can increase rates to the point where it’s not affordable. Drivers who have license-revoking violations like DUI or reckless driving may find that they have to to submit a SR-22 form with their state motor vehicle department in order to prevent their license from being revoked.
  • Your location is a factor – Having an address in a rural area may provide you with better prices when buying auto insurance. Fewer drivers means reduced accidents. Residents of big cities have congested traffic and longer commute times. The longer drive time statistically corresponds to a higher accident and claim rate.
  • Low stress vocation equals lower auto insurance rates – Did you know your job can affect your rates? Occupations such as doctorsairline pilots and emergency personnel are shown to have higher premium rates in part from high stress levels and long work hours. Conversely, occupations like scientists, engineers and the unemployed get better rates on Camaro coverage.

Are you getting every discount?

Companies offering auto insurance don’t always advertise all possible discounts in an easy-to-find place, so the following list contains some of the best known as well as some of the hidden discounts that may be available.

  • Discounts for Cautious Drivers – Drivers without accidents can save as much as half off their rates on Camaro coverage than drivers with accidents.
  • Student Driver Training – Cut your cost by having your teen driver enroll and complete driver’s education if offered at their school.
  • Own a Home – Simply owning a home can get you a discount because it is proof of financial responsibility.
  • Military Discounts – Being deployed in the military could trigger a small discount.
  • Memberships – Being in a qualifying organization could trigger savings on your next auto insurance statement.
  • Good Students Pay Less – A discount for being a good student can save 20 to 25%. The discount lasts until age 25.

One thing to note about discounts is that many deductions do not apply to the entire cost. Most only reduce individual premiums such as liability and collision coverage. Just because you may think you would end up receiving a 100% discount, it just doesn’t work that way. But any discount should definitely cut the amount you pay for coverage.

A few of the larger companies and some of the premium reductions they offer are included below.

  • 21st Century discounts include student driver, early bird, anti-lock brakes, 55 and older, good student, automatic seat belts, and air bags.
  • Progressive policyholders can earn discounts including homeowner, online signing, continuous coverage, good student, online quote discount, and multi-vehicle.
  • State Farm has savings for passive restraint, student away at school, safe vehicle, Steer Clear safe driver discount, and anti-theft.
  • Nationwide may include discounts for defensive driving, easy pay, business or organization, anti-theft, accident-free, and family plan.
  • Esurance includes discounts for good student, Switch & Save, online shopper, Pac-12 alumni, and homeowner.
  • The Hartford may have discounts that include good student, defensive driver, anti-theft, vehicle fuel type, bundle, and driver training.

When getting a coverage quote, ask each company how you can save money. A few discounts may not apply to policies in every state. To locate insurance companies that can offer you the previously mentioned discounts, follow this link.

When in doubt talk to an agent

When buying the right insurance coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s.

Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.

  • What is covered by UM/UIM coverage?
  • Can I rent a car in Mexico?
  • Do I benefit by insuring my home with the same company?
  • Can my teen drive my company car?
  • Will filing a claim cost me more?
  • Do I have coverage if my license is suspended?
  • Is motorclub coverage worth it?
  • Should I have a commercial auto policy?

If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Car insurance coverages for a Chevy Camaro

Learning about specific coverages of your car insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as damage to your Chevy Camaro.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Auto collision coverage

Collision insurance will pay to fix damage to your Camaro from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as backing into a parked car, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to bring the cost down.

Comprehensive insurance

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

Comprehensive coverage pays for things such as theft, rock chips in glass, damage from a tornado or hurricane, hail damage and damage from flooding. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like dental work, rehabilitation expenses, nursing services, chiropractic care and surgery. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability insurance

Liability coverage can cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like funeral expenses, court costs, attorney fees and medical expenses. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Spend less. Save more.

When searching for affordable insurance coverage quotes, it’s not a good idea to skimp on critical coverages to save a buck or two. There are many occasions where an insured dropped comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at a price you can afford, but don’t skip important coverages to save money.

Cheap 2018 Chevy Camaro insurance can be purchased on the web and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. Some auto insurance companies may not have price quotes online and many times these small insurance companies work with independent insurance agencies.

Consumers leave their current company for many reasons like delays in responding to claim requests, being labeled a high risk driver, policy cancellation or even questionable increases in premium. It doesn’t matter what your reason, finding the right auto insurance provider is easier than you think.

More detailed auto insurance information is located at these sites: