How Much is Chevy Camaro Insurance?

The Camaro is a reasonably-priced sports vehicle that is also surprisingly inexpensive to insure. The average cost for a Chevy Camaro insurance is $181 per month or $2,172 per year. With a base price of $25,905, the yearly insurance cost–to–base automobile price ratio is 7.1 percent, which is higher than the national average of 4 percent.

About the Camaro

Chevy Camaro Insurance Rates - Chevy Camaro Logo

The Chevrolet Camaro, which was introduced in 1966 as a rival to the Ford Mustang, is a highly designed, performance-oriented two-door vehicle categorized as a pony car.

The Camaro was originally built to compete with the Ford Mustang, and it is now in its fifth generation, which began manufacturing in 2009. However, despite its strong engine and sporty style, the insurance cost is just marginally more than the national average.

How to compare Chevy Camaro insurance rates

Auto insurance is an important purchase that virtually every motorist need, but it’s never enjoyable to spend money on something you hope you’ll never need. However, because coverage is required in nearly every state, there is no way around it. However, there are a few things you can do to lower your insurance costs, and it all starts with being educated. Here are a few things to think about when looking for insurance.

  • Price. Price comparison shopping might be challenging because policies change across suppliers. To avoid this, utilize the same information for each quote in order to compare similar choices correctly.
  • Deductible. Since your deductible will most likely affect your monthly premiums, it’s critical to select an amount that suits your monthly budget but won’t be an issue if you need to submit a claim.
  • Minimum coverage. Before purchasing insurance, be sure it satisfies your state’s minimum coverage needs.
  • Additional coverage. Uninsured motorist coverage and personal injury protection are just two of the many options for boosting your coverage. Discover what is available and be sure to include any of these choices when requesting estimates.
  • Extras. Your coverage may contain policy extras like accident forgiveness and roadside help. If not, think about whether the cost of adding them is worth it.
  • Restrictions. Determine whether your coverage is subject to any limits imposed by your provider. This can help you prevent refused claims or coverage gaps.
  • Manufacturer offer or loyalty discount. Check to your dealership to see if you are qualified for any manufacturer specials or loyalty savings via certain insurance providers.
  • Warranty. To prevent paying for overlapping coverage, find out what is covered by your manufacturer’s or extended warranty.

What factors affect car insurance rates for Chevrolet Camaros?

When determining your rates, insurance companies consider your likelihood of making claims as well as the cost of paying them. While your driving history and location might influence the risk and expense of claims, the car you drive is frequently a considerably bigger factor. This is due to the fact that vehicle performance, safety features, repair costs, and other aspects can all differ based on the brand, model, and construction choices you choose. Here’s how the Camaro compares:

  • Body type. The Camaro is a two-door coupe built for performance. This might raise the cost of insurance.
  • Type of car. The Chevrolet Camaro is classified as a pony car, a sort of sports vehicle. Its power, which ranges from 275 to 650 horsepower, may make it difficult to insure.
  • Theft. These cars are stolen considerably less frequently than sedans and trucks, potentially lowering insurance costs.
  • Repairs. Despite being classed as a performance car, repairs are typically not prohibitively expensive, which may allow you to save money on auto insurance.
  • Safety ratings. The Camaro has great safety features and solid safety ratings. Both of these factors could reduce the cost of insurance.
  • Fuel type. The Camaro operates on gasoline, which should be less expensive to insure than diesel, hybrid, or electric vehicles.
  • Trim & packages. The standard Camaro LS/LT is powered by a 2.0L 275 horsepower engine. Insuring a bigger engine or a more powerful model will almost certainly be more expensive. Adding features that improve safety or visibility, on the other hand, may help you receive a discount.

Chevrolet Camaro money-saving safety features

If your Chevrolet Camaro has these safety features, you might save money on auto insurance.

  • Airbags
  • Anti-lock brakes
  • Anti-theft device
  • Parking sensors
  • Surround-view camera system
  • Daytime running lights
  • Electronic stability control
  • Seatbelt pretensioners
  • Rear backup sensors
  • Lane-departure warning systems
  • Adaptive cruise control

Does the Chevrolet Camaro qualify for auto insurance discounts?

Depending on whatever carrier you pick, your vehicle may be eligible for certain auto insurance savings. The actual reductions you receive, however, may vary based on your region, provider, selections, and other variables. Here are a few examples that should be applicable to the Chevrolet Camaro:

  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

Chevrolet Camaro reliability & safety ratings

According to U.S. News and J.D. Power, the Camaro has a solid 9.3/10 safety rating. Furthermore, both the IIHS and the NHTSA give it high marks in nearly every area. It’s high safety ratings and basic safety features might help you save money on insurance.

According to U.S. News and J.D. Power, the 2018 Camaro gets a 3/5 star dependability rating. While this is approximately average for vehicles in its class, prior years’ scores have been significantly higher.

The Chevrolet Camaro has been on the market since 1967 and is now in its sixth iteration. When compared to its competition, the muscle vehicle is recognized for its strong V8 engine and outstanding fuel economy. There were approximately 72,000 sales in the United States in 2016. The National Highway Traffic Safety Administration granted the most recent model a 5-Star Overall Safety Rating.

Chevrolet Camaro maintenance

The Camaro is a high-performance car designed to deliver a thrilling driving experience at a reasonable price. While sports cars, in general, require more maintenance than most other vehicles, the Camaro’s low average repair costs suggest that service visits will be less expensive.

Regardless of the type of vehicle you drive, annual maintenance may help to extend its life and keep it running at peak performance. Chevrolet advises changing the oil every 7,500 miles. At 7,500 miles, the first service visit should cost between $75 and $150, depending on where you choose to have it serviced.

Is an extended warranty worth it for the Chevrolet Camaro?

The Camaro comes with a 3-year/36,000-mile Bumper-to-Bumper Limited Warranty that covers issues caused by defective parts and poor workmanship, including your tires. Your powertrain is now covered for 5 years or 100,000 miles, whichever comes first, in addition to the standard warranty. Chevrolet also offers a separate corrosion guarantee of 3 years/36,000 miles and a rust-through warranty of 6 years/100,000 miles.

While Chevrolet does not provide an official extended warranty for the Camaro, GM does provide a protection package that includes maintenance and mechanical repair coverage as well as roadside assistance.

Should you buy a Chevy Camaro?

The Chevrolet Camaro is a low-cost sports vehicle that can be equipped with up to 650 horsepower. Despite its performance-oriented design and aggressive appearance, it has excellent safety and dependability ratings, which may qualify you for vehicle insurance reductions. Having said that, the cost of insurance is determined by a variety of factors, so it is critical to evaluate your alternatives in order to obtain an estimate that is accurate for your car and scenario.

Checkout our insurance review for the following Chevy vehicle.

Chevy Traverse