Chevy Camaro Insurance Rates

The Camaro is a reasonably-priced sports vehicle that is surprisingly inexpensive to insure. The average cost of Chevy Camaro insurance is $181 per month or $2,172 per year. With a starting price of $25,905, the yearly insurance cost–to–base automobile price ratio is 7.1 percent, which is higher than the national average of 4%.

About the Camaro

Camaro Insurance

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The Chevrolet Camaro, which was introduced in 1966 as a rival to the Ford Mustang, is a highly designed, performance-oriented two-door vehicle categorized as a pony car.

The Camaro was originally built to compete with the Ford Mustang, and it is now in its fifth generation, which began manufacturing in 2009. However, despite its strong engine and sporty style, the insurance cost is just marginally more than the national average.

How to compare insurance for your Camaro

Auto insurance is an important purchase that virtually every motorist need, but it’s never enjoyable to spend money on something you hope you’ll never need. However, because coverage is required in nearly every state, there is no way around it. However, there are a few things you can do to lower your insurance costs, and it all starts with being educated. Here are a few things to think about when looking for insurance.

  • Price. Shopping by price can be difficult because policies can differ between providers. To get around this, use the same information for every quote in order to accurately compare similar options.
  • Deductible. Since your deductible will likely impact your monthly premiums, it’s important to choose an amount that fits your monthly budget but won’t be a problem if you need to file a claim.
  • Minimum coverage. Before purchasing a policy, it’s important to ensure that it meets your state’s minimum coverage requirements.
  • Additional coverage. Uninsured motorist coverage and personal injury protection are two of the many ways you can increase your coverage. Find out what’s available and be sure to include any of these options when getting quotes.
  • Extras. Policy extras like accident forgiveness and roadside assistance may be included in your policy. If not, consider whether adding them is worth the price.
  • Restrictions. Find out if your provider has any restrictions on your policy. This can help you avoid denied claims or gaps in coverage.
  • Manufacturer offer or loyalty discount. Ask your dealership if you are eligible for any manufacturer offers or loyalty discounts through particular insurance providers.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for Chevrolet Camaros?

When determining your rates, insurance companies consider your likelihood of making claims as well as the cost of paying them. While your driving history and location might influence the risk and expense of claims, the car you drive is frequently a considerably bigger factor. This is due to the fact that vehicle performance, safety features, repair costs, and other aspects can all differ based on the brand, model, and construction choices you choose. Here’s how the Camaro compares:

  • Body type. The Camaro is a two-door coupe that’s designed for performance. This could increase the cost of coverage.
  • Type of car. The Chevrolet Camaro is considered a pony car, which is a type of sports car. Available with 275 to 650 horsepower, its power could make it expensive to insure.
  • Theft. These types of vehicles are stolen far less than sedans and pickups, which might reduce the cost of insurance.
  • Repairs. Despite being classified as a performance vehicle, repairs usually aren’t too expensive, which may help you save on auto insurance.
  • Safety ratings. The Camaro has great safety features and solid safety ratings. Both of these factors could reduce the cost of insurance.
  • Fuel type. The Camaro runs on gas, which should be cheaper to insure compared to diesel, hybrid or electric vehicles.
  • Trim & packages. The base Camaro LS/LT is powered by a 2.0L 275 horsepower engine. Insuring a bigger engine or a more powerful model will almost certainly be more expensive. Adding elements that improve safety or visibility, on the other hand, may help you receive discounts.

Chevrolet Camaro money-saving safety features

You could save money on car insurance for your Chevrolet Camaro if it comes equipped with these safety features.

  • Airbags
  • Anti-lock brakes
  • Anti-theft device
  • Parking sensors
  • Surround view camera system
  • Daytime running lights
  • Electronic stability control
  • Seatbelt pretensioners
  • Rear backup sensors
  • Lane-departure warning systems
  • Adaptive cruise control

Does the Chevrolet Camaro qualify for auto insurance discounts?

Depending on whatever carrier you pick, your vehicle may be eligible for certain auto insurance savings. The actual reductions you receive, however, may vary based on your region, provider, selections, and other variables. Here are a few examples that should be applicable to the Chevrolet Camaro:

  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

Chevrolet Camaro reliability & safety ratings

The Camaro receives a 9.3/10 safety rating from U.S. News and J.D. Power. Furthermore, the IIHS and NHTSA both give high marks in nearly every area. It’s high safety ratings and basic safety features may help you save money on insurance.

According to U.S. News and J.D. Power, the 2018 Camaro gets a 3/5 star dependability rating. While this is approximately average for vehicles in its class, prior years’ scores have been significantly higher.

The Chevrolet Camaro has been on the market since 1967 and is now in its sixth iteration. When compared to its competition, the muscle vehicle is recognized for its strong V8 engine and outstanding fuel economy. There were approximately 72,000 sales in the United States in 2016. The National Highway Traffic Safety Administration granted the most recent model a 5-Star Overall Safety Rating.

Chevrolet Camaro maintenance

The Camaro is a high-performance car designed to deliver a thrilling driving experience at a reasonable price. While sports cars, in general, require more maintenance than most other vehicles, the Camaro’s low average repair costs suggest that service visits will be less expensive.

Regardless of the type of vehicle you drive, annual maintenance may help to extend its life and keep it running at peak performance. Chevrolet advises changing the oil every 7,500 miles. At 7,500 miles, the first service visit should cost between $75 and $150, depending on where you choose to have it serviced.

Is an extended warranty worth it for the Chevrolet Camaro?

The Camaro comes with a 3-year/36,000-mile Bumper-to-Bumper Limited Warranty that covers issues caused by defective parts and poor workmanship, including your tires. Your powertrain is now covered for 5 years or 100,000 miles, whichever comes first, in addition to the standard warranty. Chevrolet also offers a separate corrosion guarantee of 3 years/36,000 miles and a rust-through warranty of 6 years/100,000 miles.

While Chevrolet does not provide an official extended warranty for the Camaro, GM does provide a protection package that includes maintenance and mechanical repair coverage as well as roadside assistance.

Should you buy a Chevy Camaro?

The Chevrolet Camaro is a low-cost sports vehicle that can be equipped with up to 650 horsepower. Despite its performance-oriented design and aggressive appearance, it has excellent safety and dependability ratings, which may qualify you for vehicle insurance reductions. Having said that, the cost of insurance is determined by a variety of factors, so it is critical to evaluate your alternatives in order to obtain an estimate that is accurate for your car and scenario.

Check out our insurance reviews for the Chevy Corvette and the Dodge Charger

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Greg Thomas
Greg Thomas is a raving fan of sports cars. He's a Senior Editor at b5media where he manages our vehicle model research and our entire publishing operation. He lives in San Jose, CA with his wife and 3 daughters.
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