Cheapest 2012 Chevrolet Camaro Insurance Rates in 2023

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 12, 2022

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Trying to find cheaper insurance coverage rates? Buyers have many options when searching for the best price on Chevy Camaro insurance. You can either spend your time calling around trying to get quotes or utilize the internet to get rate quotes. There are both good and bad ways to shop for insurance coverage so we’re going to tell you the proper way to quote coverages for a Chevy and obtain the lowest possible price either online or from local insurance agents.

Compare the Market for Insurance Coverage

Cutting your insurance coverage rates doesn’t have to be difficult. Consumers just need to take time getting comparison quotes online with multiple companies. This can be done in just a few minutes using one of these methods.

The most efficient way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This method eliminates the need for repetitive form entry for every insurance coverage company. Filling out one form will get you rate comparisons direct from many companies. Just one form and you’re done.

A harder way to analyze rates is spending the time to visit the website for each individual company and request a quote. For instance, let’s say you want comparison quotes from Farmers, Esurance and American Family. To get rate quotes you would need to take the time to go to each site to enter your coverage information, which is why the first method is more popular.

For a list of links to companies insuring cars in your area, click here.

The hardest method to compare rates is to drive around to insurance agents’ offices. Buying insurance online can eliminate the need for a local agent unless you have a need for the professional guidance of a licensed agent. Drivers can obtain prices from the web and get advice from an agent in your area and we’ll talk about that later.

Which method you use is up to you, but compare identical information for every company. If you enter higher or lower deductibles you can’t possibly determine the best price for your Chevy Camaro.

Chevy Camaro Insurance Rates Consist of Many Parts

An important part of buying insurance is that you know some of the elements that play a part in calculating auto insurance rates. Knowing what determines base rates enables informed choices that may reward you with much lower annual insurance costs.

Shown below are a partial list of the pieces auto insurance companies consider when setting rates.

  • Liability coverage is peace of mind – Your policy’s liability coverage will protect you in the event that a court rules you are at fault for damages from an accident. Liability provides legal defense coverage which can cost thousands of dollars. Liability is cheap as compared to coverage for physical damage, so do not skimp.
  • Do you qualify for a multi-policy discount? – Some insurers give discounts to policyholders who consolidate policies with them such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. Even with this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible.
  • With age comes lower rates – Teen drivers have a tendency to be careless and easily distracted behind the wheel so they pay higher auto insurance rates. Parents adding a youthful driver onto your auto insurance can break the bank. Older drivers are more cautious drivers, tend to file fewer claims and get fewer tickets.
  • Men are more aggressive – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean women are BETTER drivers than men. Both sexes cause accidents at about the same rate, but men have costlier accidents. Men also receive more costly citations such as reckless driving. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
  • Pay less after the wedding – Having a spouse actually saves money when buying auto insurance. Having a spouse is viewed as being more mature it has been statistically shown that drivers who are married are more cautious.
  • Proper usage rating affects rates – The higher the mileage driven every year the more you’ll pay to insure your vehicle. Most insurance companies price each vehicle’s coverage based upon how you use the vehicle. Autos left parked in the garage can get a lower rate than those used for commuting. Make sure your auto insurance declarations sheet is rated on the correct usage for each vehicle, because it can save money. Incorrect usage on your Camaro may be wasting your money.
  • Traffic violations increase rates – Your driving record has a lot to do with how much you pay for insurance. Even a single speeding ticket may increase your cost by twenty percent. Drivers with clean records have lower premiums compared to drivers with tickets. Drivers who get flagrant violations such as hit and run, DWI or reckless driving convictions may be required to submit a SR-22 form with their state DMV in order to keep their license.
  • Allowing your policy to lapse raises rates – Allowing your auto insurance policy to lapse will be a fast way to pay more for auto insurance. Not only will you pay more, failure to provide proof of insurance can result in a revoked license or a big fine.

Policy Discounts You Shouldn’t Miss

Auto insurance companies don’t necessarily list every discount in a way that’s easy to find, so we researched some of the best known and the harder-to-find insurance savings. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Senior Discount – If you qualify as a senior citizen, you can possibly qualify for reduced rates for Camaro coverage.
  • Low Mileage Discounts – Driving fewer miles can qualify you for a substantially lower rate.
  • Discount for Good Grades – Performing well in school can save 20 to 25%. This discount can apply up until you turn 25.
  • Discount for New Cars – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.
  • Homeowners Pay Less – Simply owning a home may trigger a insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
  • Employee of Federal Government – Employees or retirees of the government may qualify you for a discount for Camaro coverage with select insurance companies.
  • One Accident Forgiven – A few companies allow you one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
  • Safe Drivers – Insureds without accidents can pay as much as 50% less for Camaro coverage than drivers with accidents.
  • Accident Free – Drivers with accident-free driving histories can save substantially when compared to accident-prone drivers.
  • Service Members Pay Less – Having a family member in the military could be rewarded with lower premiums.

It’s important to understand that some credits don’t apply to the entire policy premium. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way.

To see a list of insurers offering insurance discounts, click here to view.

Insurance Agents Can Help

When it comes to choosing the best car insurance coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions might point out whether you could use an agent’s help.

  • When should I not file a claim?
  • Do I need medical payments coverage since I have good health insurance?
  • Does coverage extend to a rental car in a foreign country?
  • How can I force my company to pay a claim?
  • Do I have coverage when pulling a U-Haul trailer?
  • How much liability insurance is required?
  • Does my insurance cover my expensive audio equipment?
  • When should I buy a commercial auto policy?
  • When would I need additional glass coverage?
  • Is my dog or cat covered if injured in an accident?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, simply complete this short form. It’s fast, free and can help protect your family.

Auto Insurance Coverage Basics

Having a good grasp of auto insurance helps when choosing the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Liability coverages

Liability coverage can cover damage or injury you incur to other’s property or people. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims like funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles, court costs and medical services. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting 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 things such as hitting a mailbox, sustaining damage from a pot hole and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible to get cheaper collision coverage.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage. With the cost of a 2012 Camaro, holding more value than some other used cars, you might want to consider investing in comprehensive coverage to protect your vehicle.

Comprehensive coverage protects against things like damage from getting keyed, a tree branch falling on your vehicle, hitting a deer, hail damage and falling objects. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as hospital visits, ambulance fees, pain medications and EMT expenses. They are often used to fill the gap from your health insurance program or if you do not have health coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

A Penny saved is a penny earned

When shopping online for auto insurance, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice liability limits or collision coverage and discovered at claim time that it was a big mistake. Your aim should be to buy enough coverage at a price you can afford.

Cost effective 2012 Chevy Camaro insurance can be bought from both online companies in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers do not provide the ability to get a quote online and these small, regional companies work with independent agents.

Consumers change insurance companies for a number of reasons such as delays in responding to claim requests, delays in paying claims, denial of a claim or poor customer service. It doesn’t matter what your reason, finding the right auto insurance provider is easier than you think.

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