The Camaro is a reasonably-priced sports vehicle that is surprisingly inexpensive to insure. A Chevy Camaro insurance cost is $181 per month or $2,172 per year. With a starting 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%.
- About the Camaro
- How to compare insurance for your Camaro
- What factors affect car insurance rates for Chevrolet Camaros?
- Chevrolet Camaro money-saving safety features
- Does the Chevrolet Camaro qualify for auto insurance discounts?
- Chevrolet Camaro reliability & safety ratings
- Chevrolet Camaro maintenance
- Should you buy a Chevy Camaro?
About the Camaro
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 insurance for your Camaro
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. Considering 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 that it satisfies your state’s minimum coverage requirements.
- 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. Accident forgiveness and roadside help may be included in your coverage. If not, think about whether the cost of including 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. Inquire with your dealership to see if you are qualified for any manufacturer specials or loyalty savings via certain insurance providers.
- Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.
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 that’s designed for performance. This could increase the cost of coverage.
- Type of car. The Chevrolet Camaro is considered a pony car, which is a type of sports car. Available with 275 to 650 horsepower, its power could make it expensive to insure.
- Theft. These types of vehicles are stolen far less than sedans and pickups, which might reduce the cost of insurance.
- Repairs. Despite being classified as a performance vehicle, repairs usually aren’t too expensive, which may help you save 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 runs on gas, which should be cheaper to insure compared to 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
You could save money on car insurance for your Chevrolet Camaro if it comes equipped with these safety features.
- 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
The Camaro receives a 9.3/10 safety rating from U.S. News and J.D. Power. Furthermore, the IIHS and NHTSA both give it high marks in almost every category. Its high safety ratings and basic safety features may 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 awarded 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 recommends an oil change 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 also 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 may be optioned up to 650 horsepower. Despite its performance-oriented design and aggressive appearance, it has excellent safety and reliability ratings, which might help you receive vehicle insurance reductions. Having said that, the cost of insurance is determined by a variety of factors, so it is essential to evaluate your alternatives in order to obtain an estimate that is appropriate for your car and scenario.
For more insurance rates and review, check out our Chevy Insurance Rates.