How Much is Insurance for a Camaro?

December 31st, 2020 by
2019 Chevrolet Camaro

There’s nothing like the style and speed of a Chevrolet Camaro, but if you’re thinking about picking up your dream car, you might be wondering “just how much is insurance for a Camaro?” Drivers pay an average of $181 each month of $2,172 annually*. However, this figure depends on a number of factors: policy, location, driving history, car type, and more. Take a deeper dive and crunch numbers with Chevrolet Center, and learn the top car buying tips from our team!

Minimum Liability Coverage in Florida

Whether you live in Lakeland or Haines City, all Floridians are required to secure the following liability coverage amounts**:

  • Bodily Injury for One Person: $10,000 per person and $20,000 per accident
  • Property Damage: $10,000 per accident
  • Uninsured Motorist Coverage: $10,000 per person and $20,000 per accident
  • Personal Injury Protection: $10,000

Comparing Insurance Products and Services

Every policy is a little different, so it pays to shop around. Here are a few factors to consider when comparing insurance products and services:

  • Cost and Deductible: Provide the same information for every quote and see how the premium and deductibles compare. Choose only from plans that fit into your monthly budget.
  • Coverage: Be sure that you’re meeting the insurance minimums at very least, and consider adding optional auto insurance for extra peace of mind.
  • Add-Ons: Policy additions like roadside assistance and accident forgiveness may cost extra, but they can be worth the cost.
  • Restrictions: Ask about any potential restrictions to make sure that your policy truly meets your needs.
  • Warranty: Don’t forget to double check your warranty coverage. Your warranty may overlap with your auto insurance, so don’t pay twice for the same features like roadside assistance.

Differences in Camaro Insurance Rates

Camaro insurance can differ from customer to customer, but why? Car companies use different calculations to determine your premium. They want to know the chances that you will file a claim, and the Camaro is well known for its power and speed as a classic muscle car. That’s why it may cost more to insure a Camaro than a more modest sedan. However, the Camaro has its own set of benefits.

  • Safety Ratings: The 2020 Chevy Camaro earned a 5-star overall safety rating from the NHTSA.
  • Fuel: The Camaro is gas-powered, making it cheaper to insure than a hybrid, EV, or diesel-powered vehicle.
  • Theft: Performance two-door coupes are actually stolen far less frequently than sedans and pickup trucks***

Find Out More with Chevrolet Center

Now that you know the answer to “how much is insurance for a Camaro?” are you ready to take the next steps toward owning a brand new Camaro in Davenport? Contact our team to learn more, or start browsing our inventory online!

Disclaimers: *Source: https://www.finder.com/car-insurance/chevrolet-camaro-insurance-rates
**Source: https://www.geico.com/information/states/fl/
***Source: https://www.forbes.com/sites/jimgorzelany/2018/09/18/hottest-wheels-the-most-stolen-new-and-used-cars-in-the-u-s/?sh=51dfca252580

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Posted in Camaro