How Much Is Car Insurance for a Chevrolet Camaro? Best Rates by Model Year and Company

The Chevrolet Camaro muscle car is a classic American muscle car. Before you buy a Chevy Camaro, make sure you understand the cost of auto coverage. Let’s find out car insurance for a Chevrolet Camaro with austininsuranceservices.com’s experts

This guide will explain the details of Chevy Camaro insurance. It includes average rates and factors that impact the cost of coverage. Shopping around for the best Chevrolet Camaro car insurance can prove to be worthwhile.

Different insurance companies will charge different rates for the same model car, depending on its year of manufacture and the driver profile. You can compare rates from different insurance companies to find the best price.

We compared eight model years to find that insurance costs an average of $2,294 per annum to insure a Chevrolet Camaro. Progressive provided the lowest car insurance rates for our Chevy Camaro sample driver with an average annual rate of $1,875.

Average Camaro Auto Insurance Rates

Average Camaro Auto Insurance Rates

ValuePenguin, an insurance website, reviewed Camaro car coverage rates over eight model years. It found an average annual premium for Camaro cars of $2294. Progressive had the lowest rates, with an average premium for the Camaro of $1875 annually.

According to the auto insurance website the Zebra, Camaro drivers spend an average of $151 per month on auto insurance. This compares to an average of $129 per month for all U.S. motorists. According to the site’s research, Allied offers the lowest monthly rate at $70.

BuyAutoInsurance.com reported average rates of $123 per month and $1472 annually for the Camaro. However, high-risk drivers will pay almost $2300 more for annual coverage.

The average cost of this policy is $372 for liability coverage, $348 to cover comprehensive coverage, and $594 for collision coverage.

Camaro Auto Insurance Rates based on Model Year

Insurance costs for Chevy Camaro models were directly related to vehicle values. More recent models, especially those from 2018-2021, had higher insurance costs than older models.

The 2014 Chevy Camaro had the lowest insurance cost of all the vehicles that we examined, at $1,954. This is 25% lower than the cost of insuring a 2021 Camaro, the model with the highest insurance rates.

Model Price Average cost of car insurance
2021 Chevrolet Camaro LT $25,500 $2,612
2020 Chevrolet Camaro LT $25,500 $2,526
2019 Chevrolet Camaro 1LT $25,500 $2,440
2018 Chevrolet Camaro LT $26,700 $2,362
2017 Chevrolet Camaro LT $26,600 $2,289
2016 Chevrolet Camaro 1LT $25,700 $2,154
2015 Chevrolet Camaro LT $26,005 $2,011
2014 Chevrolet Camaro LT $25,855 $1,954

Your Camaro’s insurance cost will be affected by the trim level. Higher trim levels usually have higher rates. The value of a vehicle can be affected by its trim level.

This determines how much it will cost insurers to replace or repair your vehicle in the event of a comprehensive claim or collision insurance.

The 2021 Chevy Camaro SS is $37,500. This is 47% more than the 2021 Camaro LT, which is one of the most affordable trim levels. Camaro SS owners are likely to pay more insurance than Camaro LT homeowners because of this difference in value.

Another factor that influences the cost of Camaro insurance is the driver. In general, older drivers will pay more for car insurance. Camaro insurance is 32% more expensive for a 21-year-old driver than for a 30-year old, according to our analysis.

The average cost of Chevy Camaro insurance

cost of Chevy Camaro insurance

Insurance costs for Chevy Camaro models were directly related to vehicle values. More recent models, especially those from 2018-2021, had higher insurance costs than older models.

The 2014 Chevy Camaro had the lowest insurance cost of all the vehicles that we examined, at $1,954 per year. This is 25% lower than the cost of insuring a 2021 Camaro, the model with the highest insurance rates.

The annual cost of an insurance policy that covers a male driver aged 30 years old is called the insurance rate.

Your Camaro’s insurance cost will be affected by the trim level. Higher trim levels usually have higher rates. The value of a vehicle can be affected by its trim level.

This determines how much it will cost insurers to replace or repair your vehicle in the event of a comprehensive claim or collision insurance.

The 2021 Chevy Camaro SS is $37,500. This is 47% more than the 2021 Camaro LT, which is one of the most affordable trim levels. Camaro SS owners are likely to pay more insurance than Camaro LT homeowners because of this difference in value.

The driver is another factor that influences the cost of Camaro insurance. It is generally expected that younger drivers will pay more for car insurance than older ones. Camaro insurance is 32% more expensive for a 21-year-old driver than for a 30-year old, according to our analysis.

These rates are the average cost for a full-coverage policy on the LT trim.

Camaro Auto Insurance Rates by Provider

These are the affordable Camaro premiums for 2020, according to The Zebra.

  • Allied: $840.
  • American Family 1428
  • Arbella: $1570.
  • Auto Owners$1582.
  • Erie: $1479.
  • GEICO: $1606.
  • Mercury: $1593.
  • Nationwide: $1483.
  • Southern Farm Bureau$1548
  • Vermont Mutual :$1150
  • Tennessee Farmers: $1389.
  • USAA for military personnel and their families:$1570

BuyAutoInsurance.com reports that the most popular national auto insurance providers for Camaro drivers are Allstate, Farmers and Chubb, GEICO Nationwide, Liberty Mutually, Progressive, Travelers USAA, and State Farm.

Smart Financial found the lowest annual Camaro insurance rates starting at:

  • ACC Insurance Company$1422.
  • California Capital: $2288.
  • Farm Bureau Mutual IA Group: $1950.
  • First Chicago Insurance:$2556.
  • Grange Mutual :$2029.
  • Hastings Mutual Insurance Company$1395
  • Pekin Insurance:$1154.
  • Rockford Mutual Insurance -$2226.
  • Unigard: $2108.

Chevrolet Camaro insurance: The lowest price

We compare the average coverage package for Chevrolet Camaro drivers between those who are 30 and over to find the lowest insurance prices. This is why you might see differences in the metrics used throughout this article.

In our survey of top insurers, Progressive provided the lowest auto insurance to our Camaro owner. For a 30-year-old driver, the company’s rates were 18% lower than the average cost of insuring a Camaro. This saved $447 in annual premiums, compared with the average cost of car insurance.

Allstate was the company that offered the cheapest auto insurance for Chevy Camaro’s. The rate charged to insure a 2017 Camaro at $2,109 per annum was 14% lower than the average of all the quotes. Geico’s average car insurance rates were 21% lower than State Farm, the most expensive insurer that we reviewed.

Camaro Auto Insurance Rates based on Driver Age

These average monthly Camaro insurance rates are based on age:

  • 16 to 19: 339.
  • 20 to 29: $203.
  • 30 to 39: $146.
  • 40-49: $117.
  • 50 to 59: $141.

These numbers apply to the model year 2021. Statistics show that younger drivers are at greater risk for accidents than older drivers.

How much does it cost to insure a Chevrolet Camaro for 16 to 25 years

Young drivers often pay more for car insurance because of their inexperience. On average, the Chevrolet Camaro insurance price for 18-year-olds is $4772. This is $3,310 less than the average cost of Chevrolet Camaro insurance for a 40-year old.

Teens may be able to save more money by being part of their parents’ insurance policies. Teenage drivers are often more expensive to insure if they have their own insurance than if they have their parents’.

Below are the car insurance costs for young drivers aged 16-25.

Compare Camaro insurance prices to other vehicles

The Chevy Camaro is more costly to insure than other American-made muscle cars, such as the Ford Mustang or the Dodge Charger.

A 2021 Camaro costs $2,612 per annum, which is 14% higher than the 2021 Dodge Charger and 13% higher than the 2021 Ford Mustang. Additionally, we found the 2013 Chevrolet Camaro ZL1 to be the second-cheapest muscle car to insure for young drivers.

Factors Affecting Camaro Auto Insurance Rates

These are the top factors that affect the price of Camaro’s car insurance coverage, according to Finder and BuyAutoInsurance.com.

  • Camaros older than 50 years old can get more affordable coverage.
  • Driver age is the most important factor in driving rates. This includes young and inexperienced teens as well as 20-somethings.
  • The location of drivers is more important in cities than in rural or suburban areas.
  • Drivers with a history of violations or claims will have more expensive coverage.
  • Safety ratings for the Chevy Camaro include high ratings in crash tests by agencies like the Insurance Institute for Highway Safety and National Highway and Traffic Safety Administration (NHTSA).
  • Your Camaro’s safety equipment.
  • Camaro coverage can be more expensive if the body type is not a coupe-style two-door.
  • With higher horsepower comes higher insurance rates.
  • Repairs are more expensive if you have high-tech features and luxurious trims.
  • Gasoline fuel is less expensive than diesel or hybrid vehicles for insurance.

Methodology

We collected quotes from all the major auto insurers, including State Farm, Progressive, and Geico, across many ZIP codes in California.

The quotes were provided for a male driver who had no accidents or violations and was at least 30 years old. He also had a full-coverage insurance policy. The following coverage limits were given to him:

Insurance There are limits
Bodily injury liability $50,000 per person/$100,000 per accident
Personal injury coverage $10,000
Liability for property damage $25,000 per accident
Uninsured/underinsured motorist bodily injury $50,000 per person/$100,000 per accident
Comprehensive and collision $500 deductible

Cars.com provided car prices

Frequently Asked Questions

How to Buy Chevrolet Camaro Insurance

Finder suggests comparing policies from different auto insurance providers. These questions will help you find the best Camaro policy to suit your needs.

  • What is the cost of the policy? To accurately compare quotes from different companies, make sure to use the same coverage options.
  • What coverage do you need? Some drivers only require minimum coverage, while others want full-coverage insurance.
  • What is my deductible? This is your out-of-pocket expense when you file a claim under your collision or comprehensive auto insurance policy. A lower deductible means a higher monthly premium.
  • What additional features does the policy offer? Some examples include accident forgiveness and roadside assistance.
  • Are there any discounts available? Examples include discounts for good drivers and discounts on defensive driving education.

How much is a Chevrolet Camaro expensive to insure?

In order to determine the cost of a policy, insurers take into account several factors for each car model. Insurers charge higher rates for drivers who drive expensive cars, are more likely to be involved in accidents, or are at greater risk of theft.

The insurance cost for Chevrolet Camaro is generally moderate, with only $35 more than the average cost of all models.

The National Highway Traffic Safety Administration says that the model has a high rate of theft. It is, therefore, more expensive to insure vehicles that have a high rate of theft.

How Much Does it Cost to Insure a Chevrolet Camaro?

The cost of car insurance for a Chevrolet Camaro can be moderately expensive. Insuring a Chevrolet Camaro costs $1,462 annually, compared to $1,427 nationally. This difference is only $35

Are Chevy expensive to insure?

They are extremely affordable. These vehicles are eligible for auto insurance premiums of around $1,440 annually.

How much is insurance for a 17 year old with a Camaro?

Chevrolet Camaro car coverage costs $6.504 per year for a 17-year-old driver,

Is a Camaro a reliable car?

The Chevrolet Camaro Reliability Rating is 3.5/5.0. This makes it the 21st of 24 midsize car models. Its average ownership cost is $585, which is the average annual repair costs.

Do Camaros break down a lot?

Here’s the short answer to your question about how long the Chevrolet Camaro is good for: With regular maintenance, a Chevrolet Camaro can go 150,000 miles without any major issues. If you drive 15,000 m per year, a Chevy Camaro can give you 10 years of trouble-free performance.

Is a Camaro considered a sports car for insurance?

Camaros, most of the time, are sports cars. This will lead to a slightly higher premium. A Mustang is considered a sports car for insurance, just like other Mustangs. Your insurer is likely to consider Mustangs sports cars and charge you more for insurance, regardless of the trim.

how much is insurance on a Camaro for a 16-year-old?

Car insurance on a Camaro for 16-years-old drivers can be expensive. It costs $7,016 annually.

Leave a Reply

Your email address will not be published.