2016 Chevrolet Camaro Insurance Rates – 5 Ideas for Best Quotes

Paying for high-priced Chevrolet Camaro insurance can drain your personal savings, especially in this economy. Doing a price comparison is free, only takes a few minutes, and is a good way to tighten up your finances. Insurance companies such as Allstate, Progressive and Geico persitently shower you with catchy ads and it is difficult to see past the geckos and flying pigs and take the time to shop coverage around.

Comparison of Insurance

Finding cheaper 2016 Chevy Camaro insurance prices is actually quite simple. Drivers just need to invest a few minutes comparing rate quotes online with multiple companies. This can be done in several different ways.

  1. The single most time-saving way to compare a lot of rates at once is a comparison rater form click here to open form in new window. This easy form keeps you from doing boring form submissions to each individual insurance company. Taking the time to complete one form will return quotes from insurance companies with the best prices.
  2. A more difficult way to shop for insurance online requires a visit to the website for every company you want to comare and complete a new quote form. For sake of this example, let’s say you want to compare rates from State Farm, Safeco and Geico. To get rate quotes you would need to visit each site to enter your coverage information, and that’s why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. The least efficient method to get comparison rates is driving around to insurance agents’ offices. Buying insurance online can eliminate the need for a local agent unless you prefer the personal advice that only a license agent can provide. It is possible to price shop your coverage online but buy from a local insurance agent.

However you get your quotes, be sure to compare exactly the same coverages on every quote you get. If you use different liability limits it will be next to impossible to determine the best price for your Chevy Camaro.

Discounts to lower Chevy Camaro insurance rates

Insurance can cost an arm and a leg, but there could be available discounts that you may not even be aware of. Larger premium reductions will be automatically applied when you purchase, but lesser-known reductions have to be asked for before they will apply. If you don’t get every credit available, you are throwing money away.

  • Bundle and Save – If you have multiple policies with the same company you may earn approximately 10% to 15%.
  • Federal Employees – Being employed by or retired from a federal job may qualify you for a discount on Camaro coverage with a few insurance companies.
  • Multiple Cars – Having all your vehicles on the same insurance policy qualifies for this discount.
  • Theft Prevention Discount – Cars that have factory anti-theft systems can help prevent theft and will save you 10% or more.
  • Discount for Life Insurance – Some companies give a discount if you purchase life insurance from them.

Consumers should know that some credits don’t apply to your bottom line cost. Most only apply to specific coverage prices like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will help reduce the cost of coverage.

To see a list of insurers with the best insurance discounts, follow this link.

Tailor your coverage to you

When it comes to buying coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique so your insurance needs to address that. For example, these questions may help highlight whether or not you might need an agent’s assistance.

  • Will my rates increase for filing one claim?
  • Can my babysitter drive my car?
  • What if I total my 2016 Chevy Camaro and owe more than it’s worth?
  • How do I file an SR-22 for a DUI in my state?
  • When would I need rental car insurance?
  • Am I covered when using my vehicle for business?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Can you really save that much by switching?

Consumers constantly see and hear ads for cheaper car insurance by companies like State Farm, Geico and Progressive. They all make an identical promise about savings if you change to them.

How do they all make the same claim? It’s all in the numbers.

All the different companies are able to cherry pick for the driver that is profitable for them. For instance, a preferred risk might be a mature driver, has no driving citations, and has a high credit rating. A customer that hits that “sweet spot” gets the lowest rates and therefore will save when switching.

Consumers who don’t meet these standards will be quoted higher prices which leads to business not being written. The ads say “customers who switch” not “people who quote” save that kind of money. That is how companies can make those claims.

This emphasizes why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict the company that will have the lowest Chevy Camaro insurance rates.

Coverages available on your insurance policy

Understanding the coverages of a insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages available from insurance companies.

UM/UIM Coverage

This provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 2016 Chevy Camaro.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Frequently these limits do not exceed the liability coverage limits.

Medical costs insurance

Med pay and PIP coverage reimburse you for bills like X-ray expenses, funeral costs and EMT expenses. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Collision insurance

Collision coverage pays for damage to your Camaro from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, crashing into a building and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Comprehensive or Other Than Collision

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like hail damage, rock chips in glass and hitting a bird. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for liability

This can cover damage that occurs to a person or their property in an accident. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability can pay for things like bail bonds, pain and suffering and structural damage. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Save for a rainy day

While you’re price shopping online, it’s a bad idea to skimp on critical coverages to save a buck or two. In too many instances, an accident victim reduced comprehensive coverage or liability limits only to discover later that they should have had better coverage. The proper strategy is to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

Budget-conscious 2016 Chevy Camaro insurance is definitely available both online and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies do not offer you the ability to get quotes online and these smaller companies work with independent agents.

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