How Much Does 2001 Chevrolet Camaro Insurance Cost?

Want better insurance rates for your Chevrolet Camaro? Scraping up a payment for high-priced Chevrolet Camaro insurance can eat up your monthly budget and maybe even restrict other spending. Comparing rates annually can lower your rates and help to tighten up your finances.

Many insurers vie for your insurance dollar, so it can be very hard to choose a insurer to get the best rates possible.

If you have insurance now or are looking for a new policy, you can use this information to reduce the price you pay while maximizing coverage. Finding affordable coverage is quite easy. Consumers only need an understanding of the most effective way to buy insurance coverage online.

Lower your insurance prices

It’s important that you understand some of the things that help calculate your premiums. If you understand what positively or negatively impacts your premiums, this allows you to make good choices that may result in cheaper rates.

Shown below are some of the most rate-impacting factors used by your company to calculate your premiums.

  • More policies can equal more savings – Most larger insurance companies allow a discount to clients who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount applied, it’s always a smart idea to check prices from other companies to guarantee you are still saving the most. You may still be able to save money by splitting coverages up.
  • A lcoverage lapse is a bad thing – Driving without insurance coverage in place is not a good idea and insurance coverage companies will penalize you for letting your insurance lapse. In addition to paying higher premiums, being ticketed for driving with no insurance could earn you fines or a revoked license.
  • Reduce prices by driving safer cars – Safe vehicles tend to have lower insurance rates. Safer cars protect occupants better and fewer serious injuries means less money paid by your insurance company and lower rates for you. If your Chevy Camaro is rated at a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
  • Don’t abuse insurance coverage claims – If you tend to file frequent claims, you can expect higher premiums or even policy non-renewal. Companies award most affordable rates to insureds who file claims infrequently. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • GPS tracking and theft deterrents lower premiums – Owning a car with a theft deterrent system can help bring down rates. Theft prevention devices such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack can help prevent auto theft and help lower rates.
  • Responsible credit saves on insurance coverage – An insured’s credit score is likely to be a major factor in determining what you pay for insurance coverage. So if your credit rating is not that good, you could save money insuring your 2001 Chevrolet Camaro if you improve your credit rating. Drivers with very good credit scores tend to file fewer claims than drivers who have bad credit.

Compare free insurance coverage price quotes

Getting more affordable 2001 Chevy Camaro insurance coverage pricing is a great way to save money. The only requirement is to spend a few minutes to get quotes to see which company has cheaper insurance coverage quotes. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  • One of the simplest ways to find low rates is an all-inclusive rate comparison like this one (opens in new window). This type of form keeps you from doing repetitive form submissions for every insurance coverage company. A single, simple form gets prices estimates from multiple low-cost companies.
  • Another way to get quotes online is spending the time to visit each company’s website and repeat the quote process again and again. For example, let’s assume you want to get rates from Farmers, 21st Century and Liberty Mutual. To do that, you would have to spend time going to each site individually to input your insurance information, which can get rather old. For a list of companies in your area, click here.

Whichever method you choose, make sure you compare equivalent coverage limits for every company. If your comparisons have different limits and deductibles on each one it’s not possible to determine which rate is truly the best.

Save $451 a year! What?

Drivers can’t avoid all the ads that promise big savings from companies such as 21st Century, Allstate and State Farm. They all advertise the message that drivers will save a bundle if you switch your auto insurance coverage to their company.

How does each company charge you a lower premium? It’s all in how they say it.

Different companies have specific characteristics for the type of customer that will most likely be profitable. For instance, a desirable insured should be a married female, has no prior claims, and drives less than 5,000 miles a year. Anybody who fits that profile receives the best car insurance rates and have a good chance to save money with a new company.

Insureds who fall outside the requirements may receive more expensive rates which translates to business not being written. If you pay close attention to the ads, they say “drivers who switch” not “everyone who quotes” save money. That’s why insurance companies can confidently advertise the way they do.

Because of these techniques, it’s extremely important to compare rate quotes every year. Because you cannot predict which insurance companies will have better car insurance rates than you’re paying now.

Insurance coverage rates and discounts

Companies offering auto insurance don’t necessarily list their entire list of discounts very clearly, so the next list breaks down both the well known and also the lesser-known credits that you can use to lower your rates.

  • Passive Restraints – Factory options such as air bags and/or automatic seat belt systems can qualify for discounts of 20 to 30 percent.
  • Discounts for Safe Drivers – Insureds who avoid accidents can get discounts for up to 45% lower rates on Camaro coverage as compared to drivers with claims.
  • No Claim Discounts – Drivers who stay claim-free have much lower rates compared to drivers with a long claim history.
  • No Charge for an Accident – This one isn’t a discount, but some companies like Liberty Mutual and GEICO permit an accident without raising rates so long as you are claim-free for a particular time prior to the accident.
  • Professional Organizations – Joining a professional or civic organization is a good way to get lower rates on your next renewal.
  • Multiple Vehicles – Buying a policy with all your vehicles on a single policy qualifies for this discount.
  • Driving Data Discount – Drivers who agree to allow companies to look at when and where they use their vehicle remotely such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they show good driving skills.
  • Discount for Low Mileage – Driving fewer miles may allow you to get lower prices due to less chance of an accident.
  • Lower Rates for Military – Being on active duty in the military could qualify you for better rates.
  • Student in College – Kids who are attending college without a vehicle on campus may be insured at a cheaper rate.

One last thing about discounts, most of the big mark downs will not be given to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you can get free auto insurance, it’s just not the way it works.

A few of the larger companies and some of the discounts are outlined below.

  • 21st Century may offer discounts for theft prevention, defensive driver, homeowners, anti-lock brakes, good student, automatic seat belts, and air bags.
  • State Farm policyholders can earn discounts including passive restraint, anti-theft, driver’s education, accident-free, Drive Safe & Save, and multiple autos.
  • AAA has discounts for education and occupation, good driver, good student, multi-car, and AAA membership discount.
  • Liberty Mutual has savings for exclusive group savings, multi-policy, preferred payment discount, multi-car, hybrid vehicle, new move discount, and new vehicle discount.
  • Progressive may have discounts that include good student, multi-vehicle, homeowner, online signing, continuous coverage, online quote discount, and multi-policy.

If you are trying to find inexpensive insurance coverage quotes, ask each company or agent how many discounts you can get. Savings may not be available in every state. To view insurers that offer discounts, click this link.

Situations that may require an agent’s advice

When it comes to buying proper insurance coverage, there really is no perfect coverage plan. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can help discover whether you would benefit from professional advice.

  • Are my tools covered if they get stolen from my vehicle?
  • What if I owe more than I can insure my car for?
  • Should I buy only the required minimum liability coverage?
  • Am I covered when driving someone else’s vehicle?
  • Can I drive in Mexico and have coverage?
  • When would I need rental car insurance?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It’s fast, free and may give you better protection.

Insurance coverage considerations

Knowing the specifics of a insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording. These are the normal coverages found on the average insurance policy.

Comprehensive auto coverage

This pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as rock chips in glass, a broken windshield and hitting a bird. 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.

Coverage for collisions

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

Collision coverage protects against things such as sideswiping another vehicle, scraping a guard rail, crashing into a building, hitting a mailbox and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Auto liability

Liability coverage protects you from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things such as bail bonds, court costs and loss of income. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like dental work, ambulance fees, pain medications and surgery. They can be used in conjunction with a health insurance plan or if you do not have health coverage. They cover you and your occupants and also covers being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Have the Midas touch

Cheaper 2001 Chevy Camaro insurance is available both online and with local insurance agents, so you need to shop insurance coverage with both in order to have the best chance of saving money. Some companies may not offer internet price quotes and usually these regional carriers sell through independent agents.

In this article, we covered a lot of information how to reduce 2001 Chevy Camaro insurance car insurance rates online. The most important thing to understand is the more price quotes you have, the better likelihood of getting cheap insurance coverage. Drivers may discover the best car insurance rates are with a small mutual company. These companies often have lower premium rates on specific markets compared to the large companies like Allstate and Progressive.

Much more information about insurance coverage can be read below: