Chevrolet Camaro Insurance Rates

The average insurance rates for a Chevrolet Camaro are $1,442 a year for full coverage. Comprehensive costs around $320 each year, collision costs $566, and liability coverage costs $398. Liability-only coverage costs as little as $460 a year, with high-risk coverage costing around $3,116. 16-year-old drivers cost the most to insure at $5,330 a year or more.

Average premium for full coverage: $1,442

Policy rates for type of insurance:

Estimates include $500 policy deductibles, 30/60 liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all states and Camaro models.

Price Range Variability

Urban vs. Rural Price Range

Your location has a large influence on auto insurance rates. Areas with sparse population are shown to have a lower frequency of accident claims than congested cities.

The graphic below illustrates the effect of geographic area on auto insurance rates.

The examples above show why all drivers should compare rates for a specific zip code and risk profile, rather than using rate averages.

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

Detailed Rate Analysis

The chart below shows estimated Chevrolet Camaro insurance rates for additional coverage choices and driver risks.

• The best full coverage rate is $827
• Drivers who choose higher $1,000 deductibles will pay about $202 a year
• The average rate for a good driver age 40 using $500 deductibles is $1,442
• Buying low deductibles for comprehensive and collision insurance will increase the cost to $1,832
• High-risk insureds with multiple tickets or accidents could pay at least $3,116 or more
• Policy cost for full coverage for a teenage driver can be $5,330 a year

View Chart as Image

Insurance rates for a Chevrolet Camaro also range considerably based on your risk profile, the trim level of your Camaro, and deductibles and policy limits.

More mature drivers with no violations or accidents and high deductibles may only pay around $1,300 per year on average, or $108 per month, for full coverage. Rates are highest for teenagers, where even good drivers should be prepared to pay as much as $5,300 a year. View Rates by Age

Your home state makes a big difference in Chevrolet Camaro insurance rates. A 40-year-old driver could pay as low as $950 a year in states like Idaho, Maine, and Iowa, or at least $2,060 on average in Michigan, Louisiana, and New York.

View Chart as Image

Opting for high physical damage deductibles could save up to $600 a year, whereas increasing liability limits will increase rates. Going from a 50/100 limit to a 250/500 limit will raise rates by up to $358 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you could be paying at least $1,700 to $2,300 additional every year, depending on your age. Insurance for high-risk drivers can cost around 43% to 132% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the only way to know your exact price is to do a rate comparison and see how they stack up. Every company utilizes a different rate formula, and rates will be varied from one company to the next.

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 Low Cost Chevrolet Camaro Insurance

Finding cheaper rates on auto insurance not only requires avoiding accidents and claims, but also having a good credit history, avoid buying unnecessary coverage, and taking advantage of discounts. Take the time to compare rates at every policy renewal by requesting rates from direct carriers like GEICO, Progressive, and Esurance, and also from local insurance agents.

The points below are a review of the data covered in the above illustrations.

• Consumers who may need increased liability limits will pay around $440 each year to go from a 30/60 limit to 250/500 limits
• Drivers can save up to $180 per year simply by quoting online in advance
• Increasing comprehensive and collision deductibles can save around $600 each year
• Drivers under the age of 20 are charged the highest rates, costing up to $444 each month including comprehensive and collision insurance