2018 Chevrolet Camaro Car Insurance Quotes – 7 Ways to Save

Searching for better insurance prices for a new or used Chevy Camaro could be a painful process, but you can learn a few tricks to make it easier.

There are both good and bad ways to buy insurance so we’re going to tell you the quickest way to get price quotes for a new or used Chevy and locate the lowest possible price either online or from local insurance agents.

You need to get comparison quotes once or twice a year due to the fact that insurance prices go up and down regularly. Even if you think you had the best deal on Camaro insurance on your last policy you will most likely find a better rate today. There is a lot of bad information regarding insurance out there, but we’re going to give you a bunch of ideas how to quit paying high insurance rates.

Take advantage of every insurance discount

Some insurance providers don’t list every available discount very clearly, so the list below gives a summary of both well-publicized and also the lesser-known credits that you can use to lower your rates. If you are not receiving all the discounts available, you are just wasting money.

  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
  • Paperless Signup – A handful of insurance companies will discount your bill up to fifty bucks shop insurance digitally online.
  • Early Payment Discounts – By making one initial payment rather than paying monthly you can avoid monthly service charges.
  • College Student – Any of your kids who are enrolled in a college that is more than 100 miles from home and don’t have a car could get you a discount.
  • Multiple Vehicles – Drivers who insure primary and secondary vehicles on a single policy qualifies for this discount.
  • Clubs and Organizations – Belonging to qualifying clubs or civic groups could trigger savings on your next insurance statement.
  • Theft Deterent Discount – Anti-theft and alarm system equipped vehicles are stolen with less frequency and will save you 10% or more.

One last thing about discounts, most discount credits are not given to your bottom line cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance companies aren’t that generous.

A list of companies and a selection of discounts are outlined below.

  • Farmers Insurance has discounts for good student, mature driver, distant student, business and professional, and teen driver.
  • State Farm discounts include accident-free, Steer Clear safe driver discount, anti-theft, multiple policy, Drive Safe & Save, student away at school, and multiple autos.
  • Liberty Mutual may have discounts that include multi-policy, new graduate, teen driver discount, newly retired, exclusive group savings, hybrid vehicle, and safety features.
  • MetLife offers discounts including accident-free, multi-policy, good student, good driver, defensive driver, and claim-free.
  • Progressive policyholders can earn discounts including online quote discount, continuous coverage, multi-vehicle, good student, and multi-policy.

When getting free insurance quotes, it’s a good idea to all the companies how you can save money. Some discounts listed above may not apply to policies in your state. To view insurance companies offering insurance discounts, click here to view.

Can you really save $402 a year?

Consumers constantly see and hear ads that promise big savings for switching from the likes of State Farm, Allstate and Geico. All the ads have a common claim about how much you will save if you change your car insurance coverage to their company.

How is it possible that every company can make almost identical claims? You have to listen carefully.

Insurance companies can use profiling for the type of customer that is profitable for them. For example, this type of insured may be a married male, has no claims, and has a high credit rating. A customer getting a price quote who fits those characteristics gets the lowest prices and therefore will cut their rates substantially.

Drivers who cannot meet this stringent profile may be required to pay more expensive rates and this can result in the prospect going elsewhere. If you listen to the ad wording, they say “customers that switch” not “all people who quote” can get the lowest rates when switching. This is how companies can make those statements.

Because each company has a different risk profile, drivers must compare as many free insurance quotes as you can. Because you never know which car insurance company will provide the lowest rates.

How to know if you need help

When it comes to choosing coverage, there is no “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that could help you determine if your situation could use an agent’s help.

  • Is my camper covered by my car insurance policy?
  • Do I have coverage if my license is suspended?
  • Should I buy full coverage?
  • Do I need an umbrella policy?
  • Is my ex-spouse still covered by my policy?
  • When does my teenage driver need to be added to my policy?
  • Is my trailer covered?
  • What is the minimum liability in my state?
  • Does my insurance cover my expensive audio equipment?

If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and you can get the answers you need.

Insurance coverage breakdown

Knowing the specifics of insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Liability coverages – Liability coverage protects you from injuries or damage you cause to other’s property or people in an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against claims like court costs, loss of income, attorney fees and medical services. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for expenses for things like hospital visits, pain medications, ambulance fees, X-ray expenses and nursing services. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage

Collision coverage – This coverage pays for damage to your Camaro caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for things such as colliding with a tree, colliding with another moving vehicle and rolling your car. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Comprehensive insurance – Comprehensive insurance coverage covers 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.

Comprehensive can pay for things like hail damage, damage from getting keyed, a broken windshield and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Chevy Camaro.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these coverages are similar to your liability insurance amounts.

Get your money’s worth

Cheap 2018 Chevy Camaro insurance can be sourced both online in addition to local insurance agencies, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not provide the ability to get a quote online and most of the time these small insurance companies provide coverage only through independent insurance agencies.

We just showed you quite a bit of information on how to lower your 2018 Chevy Camaro insurance prices. The key thing to remember is the more times you quote, the better chance you’ll have of finding cheap insurance. You may even discover the lowest priced auto insurance comes from a smaller regional carrier.

As you shop your coverage around, do not buy less coverage just to save a little money. There are a lot of situations where an insured dropped collision coverage only to regret at claim time that the small savings ended up costing them much more. Your strategy should be to get the best coverage possible at the best possible price but still have enough coverage for asset protection.

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