2016 Chevrolet Camaro Insurance Cost

Locating cheaper insurance for a Chevy Camaro could be an all-consuming task, but you can use our car insurance buying tips to save time. There is a better way to compare car insurance rates so you’re going to learn the quickest way to quote coverages for your Chevy and obtain the best price possible from local insurance agents and online providers.

Smart consumers take time to shop coverage around once or twice a year because rates tend to go up over time. Just because you found the best rate on Camaro insurance two years ago other companies may now be cheaper. Block out anything you think you know about car insurance because you’re going to get a crash course in the things you must know in order to save money, get proper coverage and the best rates.

Earn discounts to get lower-cost insurance rates

Insuring your fleet can be pricey, but you might already qualify for some discounts to reduce the price significantly. A few discounts will be applied at the time of purchase, but less common discounts must be manually applied before you get the savings.

  • Fewer Miles Equal More Savings – Driving fewer miles can earn better prices on cars that stay parked.
  • Sign Online – A few larger online companies will provide an incentive for signing up digitally online.
  • Accident Forgiveness – Not necessarily a discount, but companies like State Farm and Allstate will turn a blind eye to one accident before they charge you more for coverage so long as you haven’t had any claims prior to being involved in the accident.
  • Distant College Student Discount – Youth drivers who attend college more than 100 miles from home and won’t have access to an insured vehicle may qualify for this discount.
  • Government Employees – Being employed by or retired from a federal job could cut as much as 10% off on Camaro insurance with some insurance companies.
  • Passenger Safety Discount – Options like air bags may earn rate discounts of 25 to 30%.
  • Auto/Home Discount – When you have multiple policies and insure them both with the same insurance company you could earn a discount of 10% to 20% off each policy.
  • Active Service Discounts – Being on active duty in the military may qualify for rate reductions.
  • Senior Citizen Rates – Mature drivers could receive a discount up to 10% on Camaro insurance.
  • Discount for Home Ownership – Just being a homeowner can get you a discount because maintaining a house shows financial diligence.

Consumers should know that most discounts do not apply to the entire policy premium. Most cut the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, you aren’t that lucky.

Larger insurance companies and some of the premium reductions they offer are detailed below.

  • State Farm has discounts for student away at school, driver’s education, anti-theft, safe vehicle, passive restraint, multiple policy, and accident-free.
  • Liberty Mutual may offer discounts for new graduate, preferred payment discount, newly retired, hybrid vehicle, and teen driver discount.
  • American Family discounts include TimeAway discount, good driver, mySafetyValet, defensive driver, and good student.
  • Progressive may have discounts that include multi-policy, homeowner, multi-vehicle, good student, and online quote discount.
  • Farmers Insurance policyholders can earn discounts including business and professional, multi-car, mature driver, distant student, early shopping, teen driver, and pay in full.
  • Auto-Owners Insurance may include discounts for paid in full, multiple vehicles, group or association, paperless, and teen driver.
  • SAFECO offers discounts including anti-theft, drive less, teen safe driver, homeowner, and multi-car.

Double check with every prospective company to apply every possible discount. Depending on the company, some discounts may not apply in your area. If you would like to see a list of insurers that provide some of the discounts listed above, click here.

Which auto insurance is cheapest?

Comparing auto insurance rates can take time and effort if you aren’t aware of the most efficient way. You could waste time talking to local insurance agents in your area, or you can utilize the web to maximize your effort.

Most major companies participate in a marketplace that allows shoppers to enter their policy data once, and each company returns a competitive quote determined by their information. This prevents consumers from doing quote forms for each company.

To get comparison pricing now click to open in new window.

The single downside to doing it this way is you don’t know exactly which carriers to get quotes from. If you prefer to choose individual companies to compare, we have assembled a list of the cheapest auto insurance companies in your area. Click to view list.

The method you choose is up to you, but double check that you are using identical coverage data on every quote. If the quotes have different data it’s impossible to determine the lowest rate for your Chevy Camaro.

Tailor your auto insurance coverage to you

When buying coverage for your vehicles, there really is no “best” method to buy coverage. Each situation is unique.

These are some specific questions might point out whether or not you may require specific advice.

  • Does my car insurance cover rental cars?
  • Why am I required to get a high-risk car insurance policy?
  • Am I covered when delivering products for my home-based business?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • What can I do if my company denied a claim?
  • What is an SR-22 filing?
  • Am I covered when pulling a rental trailer?
  • Do I need replacement cost coverage on my 2016 Chevy Camaro?
  • How much liability do I need to cover my assets?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form. It is quick, free and may give you better protection.

Car insurance coverages explained

Understanding the coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses such as doctor visits, dental work, rehabilitation expenses, funeral costs and X-ray expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage

Coverage for collisions

Collision insurance covers damage to your Camaro from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as colliding with a tree, scraping a guard rail, crashing into a ditch, driving through your garage door and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.

Liability car insurance

This will cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage pays for claims like medical services, court costs, legal defense fees and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but you should buy higher limits if possible.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and damage to your Chevy Camaro.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.

Comprehensive insurance

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

Comprehensive can pay for claims such as a broken windshield, hail damage, falling objects, fire damage and damage from getting keyed. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Save for a rainy day

Throughout this article, we presented a lot of information how to compare 2016 Chevy Camaro insurance rates online. The key thing to remember is the more quotes you get, the higher the chance of saving money. You may be surprised to find that the lowest rates are with a smaller regional carrier.

While you’re price shopping online, you should never buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced full coverage only to regret at claim time that they should have had better coverage. Your goal should be to buy a smart amount of coverage for the lowest cost, not the least amount of coverage.

Insureds change insurance companies for many reasons like extreme rates for teen drivers, denial of a claim, being labeled a high risk driver and policy cancellation. It doesn’t matter why you want to switch switching auto insurance companies can be easy and end up saving you some money.

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