2015 Chevrolet Camaro Car Insurance Cost – 7 Tips for Best Prices

Want cheaper auto insurance rates for your Chevrolet Camaro? No one rejoices having to buy auto insurance, in particular when their premiums are too high. Numerous insurers battle for your business, so it can be very hard to choose a provider and uncover the absolute cheapest price

Consumers need to price shop coverage before your next renewal because auto insurance rates change regularly. Even if you think you had the best premium rates on Camaro coverage six months ago there may be better deals available now. You can find a lot of wrong information about auto insurance out there, but you can learn a bunch of ideas how to put money back in your pocket.

Take these seven policy discounts and save

Companies that sell car insurance do not list every discount they offer in a way that’s easy to find, so we researched some of the best known in addition to some of the lesser obvious discounts that may be available.

  • Early Signing – A few insurance companies give discounts for switching to them prior to your current policy expiration. This can save 10% or more.
  • Accident Free – Good drivers with no accidents can earn big discounts as opposed to drivers with a long claim history.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to buckle up can save 10% or more off PIP or medical payments premium.
  • Distant Student Discount – Any of your kids who are attending college without a vehicle on campus may be able to be covered for less.
  • Save over 55 – Seniors can get better insurance rates on Camaro coverage.
  • Anti-theft Discount – Cars and trucks that have factory anti-theft systems are stolen with less frequency and will qualify for a discount on a insurance quote.

It’s important to understand that most discount credits are not given to the entire policy premium. Some only apply to individual premiums such as physical damage coverage or medical payments. Even though the math looks like you could get a free insurance policy, it doesn’t quite work that way.

Popular insurance companies and the discounts they provide are shown below.

  • American Family may include discounts for multi-vehicle, defensive driver, Steer into Savings, bundled insurance, accident-free, and air bags.
  • State Farm policyholders can earn discounts including driver’s education, student away at school, good driver, multiple autos, Steer Clear safe driver discount, safe vehicle, and passive restraint.
  • 21st Century discounts include automatic seat belts, 55 and older, driver training, student driver, and homeowners.
  • Travelers offers premium reductions for multi-car, student away at school, home ownership, IntelliDrive, new car, and hybrid/electric vehicle.
  • Geico has discounts for military active duty, emergency military deployment, membership and employees, federal employee, and driver training.

Before buying, ask every prospective company the best way to save money. Some credits may not apply in your area. To choose providers that offer discounts, click this link.

How to compare car insurance quotes

Effectively comparing car insurance prices can be a daunting task if you don’t know the best way to get rate quotes. You can spend your afternoon driving to insurance agencies in your area, or you could use the internet for quick rates.

Many of the larger companies participate in an industry program where insurance shoppers enter their policy data once, and every company can provide price quotes based on the submitted data. This prevents consumers from doing quote forms to each individual car insurance company.

To find out what other companies charge click here to start a free quote.

The only downside to using this type of form is that consumers can’t choose the providers you want to price. If you prefer to choose from a list of companies to compare prices, we have a page of companies who write car insurance in your area. Click here to view list.

It’s up to you which method you use, but double check that you are using identical coverage information for each quote you get. If you have differing limits you will not be able to determine the lowest rate for your Chevy Camaro.

Which policy gives me the best coverage?

When it comes to choosing adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. For example, these questions may help you determine whether you might need an agent’s assistance.

  • How much liability do I need to cover my assets?
  • Are my friends covered when driving my car?
  • Will my insurance pay for OEM parts?
  • What is the minimum liability in my state?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Can I afford low physical damage deductibles?
  • Where can I find DUI or SR-22 insurance?
  • Can my teen drive my company car?

If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.

Auto insurance 101

Having a good grasp of your auto insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from auto insurance companies.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage reimburse you for immediate expenses such as ambulance fees, hospital visits, doctor visits, surgery and nursing services. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability insurance can cover damage that occurs to other’s property or people. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.

Liability can pay for claims such as court costs, structural damage, medical services, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is your choice, but you should buy as much as you can afford.

Collision coverage

This covers damage to your Camaro from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for claims like scraping a guard rail, hitting a mailbox, crashing into a building and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.

Comprehensive insurance

This covers damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like damage from getting keyed, hail damage, falling objects and vandalism. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your 2015 Chevy Camaro.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits are set the same as your liablity limits.

Find Good Coverage for Less

We just showed you a lot of techniques to save on 2015 Chevy Camaro insurance. The key concept to understand is the more quotes you get, the better chance you’ll have of finding the cheapest insurance. You may even find the best price on auto insurance is with the smaller companies. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like Allstate and Progressive.

As you prepare to switch companies, do not buy lower coverage limits just to save a few bucks. Too many times, consumers will sacrifice collision coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to purchase plenty of coverage at the best cost while not skimping on critical coverages.

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