Chevrolet Camaro Insurance Rates

The average insurance rates for a Chevrolet Camaro are $1,434 a year for full coverage. Comprehensive insurance costs an estimated $308 a year, collision costs $552, and liability insurance is $416. Liability-only insurance costs around $474 a year, with high-risk driver insurance costing $3,106 or more. 16-year-old drivers cost the most to insure at $5,342 a year or more.

Average premium for full coverage: $1,434

Policy rates broken down by type of insurance:

These estimates include $500 policy deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all states and Camaro trim levels.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on insurance rates. More rural locations are shown to have lower incidents of accident claims than congested cities.

The diagram below illustrates the effect of geographic area on insurance prices.

The examples above show why it is important to compare rates quotes for a targeted area, rather than relying on rate averages.

Use the form below to get customized rates for your location.

Rate Comparisons

The chart below shows estimated Chevrolet Camaro insurance rates for other coverage scenarios.

• The best full coverage rate is $823
• Raising to $1,000 deductibles will save approximately $1,240 a year
• The estimated price for a good driver age 40 who has $500 deductibles is $1,434
• Buying low $100 deductibles will cost an additional $380 a year
• Higher-risk drivers with multiple tickets or accidents could pay up to $3,106 or more
• Policy cost that insures a teen driver can cost as much as $5,342

View Chart as Image

Auto insurance rates for a Chevrolet Camaro also range considerably based on the trim level of your Camaro, how you drive, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you could be paying $1,700 to $2,300 in extra premium every year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 43% to 132% more than the average rate. View High Risk Driver Rates

Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,300 every 12 months on average, or $108 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records will have to pay at least $5,300 a year. View Rates by Age

Your home state also has a big influence on Chevrolet Camaro insurance rates. A middle-age driver might find rates as low as $950 a year in states like Iowa, Maine, and Idaho, or at least $2,050 on average in New York, Louisiana, and Michigan.

View Chart as Image

Opting for high physical damage deductibles can reduce rates by up to $580 each year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $375 extra every year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to know which auto insurance is cheapest is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and quoted rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2023 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Cheap Chevrolet Camaro Insurance

Finding cheaper rates on Chevrolet Camaro insurance consists of avoiding accidents and claims, maintaining a good credit score, avoid buying unnecessary coverage, and qualifying for all possible discounts. Comparison shop once a year by getting quotes from direct carriers, and also from your local independent and exclusive agents.

The points below are a brief summary of the data that was covered in the above illustrations.

• Drivers can save approximately $170 per year simply by quoting early and online
• Drivers who want increased liability limits will pay around $460 each year to raise from a 30/60 limit to the 250/500 level
• Drivers under the age of 20 are the costliest to insure, costing up to $445 each month if the policy includes full coverage
• High-risk drivers that tend to have accidents or serious violations may pay on average $1,670 more annually to insure a Chevrolet Camaro