Chevrolet Camaro Insurance Rates

The average insurance rates for a Chevrolet Camaro are $1,434 a year for full coverage. Comprehensive insurance costs on average $308, collision insurance costs $552, and liability costs around $416. A liability-only policy costs as low as $474 a year, and high-risk insurance costs $3,106 or more. Teenage drivers cost the most to insure at up to $5,342 a year.

Average premium for full coverage: $1,434

Policy rates by type of insurance:

Rates are based on $500 physical damage insurance deductibles, split liability limits of 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all states and for different Camaro trim levels.

Price Range Variability

Urban vs. Rural Price Range

Where you live can make a big difference on car insurance rates. Rural areas are shown to have lower incidents of accident claims than densely populated cities. The price range example below illustrates how location impacts car insurance rates.

The examples above show why anyone shopping for car insurance should compare prices based on a specific location, instead of making a decision based on average rates.

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

Rates by State, City, and Model

The chart below shows average Chevrolet Camaro insurance rates for different risk profiles and scenarios.

• The best discount rate is $823
• Using higher $1,000 deductibles will save around $194 a year
• The estimated price for a good driver age 40 with $500 deductibles is $1,434
• Using more expensive low deductibles for physical damage coverage will cost an additional $380 annually
• High-risk insureds who are prone to accidents and violations could pay upwards of $3,106
• Policy cost that insures a 16-year-old driver with full coverage may cost $5,342 or more

View Chart as Image

Car insurance rates for a Chevrolet Camaro also range considerably based on the model year and trim level, how you drive, and policy deductibles and limits.

If you have a few points on your driving record or you caused an accident, you could be paying at a minimum $1,700 to $2,300 extra every year, depending on your age. High-risk driver insurance can be from 43% to 132% more than a normal policy. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $1,300 a year, or $108 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records will be charged upwards of $5,300 a year. View Rates by Age

Your home state has a huge impact on Chevrolet Camaro insurance prices. A driver around age 40 might see rates as low as $950 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,050 on average in Michigan, Louisiana, and New York.

View Chart as Image

Using high physical damage deductibles could cut rates by as much as $580 annually, while increasing your policy's liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $375 extra every 12 months. View Rates by Deductible or Liability Limit

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 the Best Cheap Chevrolet Camaro Insurance

Finding cheaper rates on insurance for a Chevrolet Camaro requires being a low-risk driver, having a positive credit history, avoid buying unnecessary coverage, and possibly raising deductibles. Compare prices at least once a year by obtaining price quotes from direct carriers, and also from local exclusive and independent agents.

The items below are a quick review of the primary concepts that were touched on above.

• Drivers can save as much as $170 per year just by shopping early and online
• Drivers considered higher risk with a DUI or reckless driving violation may pay on average $1,670 more each year to insure their Camaro
• Increasing comprehensive and collision deductibles can save approximately $575 each year
• Teen drivers are expensive to insure, costing up to $445 each month if full coverage is purchased