How Much Does 1993 Chevrolet Camaro Insurance Cost?

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: May 12, 2022

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Trying to find the cheapest insurance rates for your Chevrolet Camaro? Tired of scraping the payment together to pay your car insurance bill each month? You are no different than many other drivers. Consumers have many insurance companies to pick from, and though it is a good thing to be able to choose, so many choices can make it hard to find the lowest rates.

Why you might be paying too much to insure your Chevy Camaro

An important part of buying insurance is that you know the rating factors that go into determining car insurance rates. Understanding what influences your rates helps enable you to make changes that may reward you with much lower annual insurance costs.

  • How many coverages with the same company – Many companies will award you with lower prices to insureds who buy several policies from them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to compare rates to make sure you are getting the best deal. You may still find better rates by buying insurance from more than one company.
  • More miles equals more premium – The more you drive in a year the higher your rates will be. Most insurance companies apply a rate determined by how the vehicle is used. Cars left parked in the garage qualify for better rates compared to those used for work or business. Having the wrong rating on your Camaro can result in significantly higher rates. Make sure your car insurance policy shows the correct driver usage.
  • Men fork out a little more – Statistics show women tend to be less risk to insure than men. However, don’t assume that men are WORSE drivers than women. Both sexes have accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets such as reckless driving.
  • Allowing your policy to lapse raises rates – Allowing your car insurance policy to lapse will be a fast way to bump up your car insurance costs. Not only will you pay more, but not being able to provide proof of insurance may earn you a license revocation or jail time.You may need to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
  • Add-on coverages can add up – There are a ton of additional coverages that you can get tricked into buying when buying car insurance. Insurance for personal injury protection, accidental death and membership fees are examples of these. They may seem good initially, but your needs may have changed so eliminate the coverages to reduce your premium.
  • With age comes lower rates – Teen drivers are known to get distracted easily when behind the wheel so car insurance rates are higher. Older insureds are more responsible, statistically cause fewer accidents and get fewer tickets.
  • Do you know your deductibles? – The deductibles define the amount you are willing to pay if you file a covered claim. Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Examples of covered claims could be running into the backend of another car, collision with an animal, and burglary. The more expense you’re willing to pay, the less your company will charge you for insurance on Camaro insurance.

The best way to compare insurance rates in your area is to know the trick most insurance companies provide online access to give free rates quotes. All you need to do is spend a couple of minutes providing details like what your job is, distance driven, if you require a SR-22, and if you went to college. Those rating factors gets sent immediately to insurance companies and they return cost estimate almost instantly.

Can you really save $389 a year?

Consumers constantly see and hear ads for cheaper car insurance from companies such as Allstate and Progressive. All the companies have a common claim that you can save if you switch your policy.

How can each company claim to save you money?

All the different companies have a certain “appetite” for the type of customer that earns them a profit. An example of a preferred risk could possibly be over the age of 50, has no driving citations, and chooses high deductibles. Any new insured who meets those qualifications will qualify for the lowest rates and therefore will cut their rates substantially.

Consumers who are not a match for the “perfect” profile will have to pay a higher premium which leads to business not being written. The ads say “customers that switch” not “everyone that quotes” save that kind of money. That is how insurance companies can advertise the way they do.

Because of the profiling, drivers must compare many company’s rates. It’s just too difficult to predict the company that will give you the biggest savings on Chevy Camaro insurance.

Discounts are great for lower rates

Car insurance is not cheap, but you may find discounts that you may not know about. Some discounts apply automatically at the time of quoting, but less common discounts must be inquired about before you get the savings. If you aren’t receiving every discount you qualify for, you are throwing money away.

  • Accident Waiver – A handful of insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear for a set time period.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you could get a discount of at least 10% off all policies.
  • Safety Course Discount – Completing a driver safety course could possibly earn you a 5% discount if you qualify.
  • Multi-car Discount – Having more than one vehicle on the same car insurance policy qualifies for this discount.
  • Pay Upfront and Save – If you pay your bill all at once instead of paying each month you may reduce your total bill.
  • Theft Prevention Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • Passive Restraints – Cars that have air bags or motorized seat belts may earn rate discounts of more than 20%.

Consumers should know that most of the big mark downs will not be given to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like it’s possible to get free car insurance, car insurance companies aren’t that generous. Any amount of discount will help reduce your premiums.

Companies that may have these money-saving discounts include:

It’s a good idea to ask all companies you are considering how you can save money. Savings may not apply in your area.

You may need specialized coverage

When choosing the best insurance coverage coverage, there is no “best” method to buy coverage. Every situation is different so your insurance should reflect that Here are some questions about coverages that may help highlight if your insurance needs would benefit from professional advice.

  • Why am I required to buy high-risk coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • How much can I save by bundling my policies?
  • Are there companies who specialize in insuring high-risk drivers?
  • Should I bundle my homeowners policy with my auto?
  • Is my trailer covered?
  • Am I covered if I crash into my own garage door?
  • Should I put collision coverage on all my vehicles?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.

Insurance coverages 101

Having a good grasp of insurance can help you determine the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Uninsured or underinsured coverage

This coverage gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Camaro.

Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally these coverages are set the same as your liablity limits.

Liability car insurance

This coverage protects you from damage or injury you incur to other’s property or people that is your fault. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 that translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like repair bills for other people’s vehicles, bail bonds, court costs and structural damage. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive protection

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

Comprehensive insurance covers things like a tree branch falling on your vehicle, theft, fire damage and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like ambulance fees, X-ray expenses, pain medications and surgery. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like colliding with a tree, driving through your garage door and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.

Quote more. Save more.

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where an insured cut liability limits or collision coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage at the best price, not the least amount of coverage.

Throughout this article, we presented quite a bit of information on how to get a better price on 1993 Chevy Camaro insurance. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. Drivers may discover the most savings is with the smaller companies. They may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.

Lower-priced insurance is attainable on the web and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. A few companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

More information can be found at these links:

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