How Much Does 1995 Chevrolet Camaro Insurance Cost?

Are you overwhelmed by the sheer number of insurance companies? Lot’s of other consumers are too. You have so many options that it can quickly become a big hassle to find the perfect company for you.

These factors can influence Chevy Camaro insurance rates

An important part of buying insurance is that you know the different types of things that go into determining your insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that will entitle you to lower insurance prices.

  • What are your deductibles? – The deductibles define the amount you are required to spend out-of-pocket in the event of a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some examples of claims that would be covered are running into the backend of another car, vandalism, and rolling your vehicle. The more money the insured has to pay upfront, the less your company will charge you for insurance for Camaro insurance.
  • Higher safety ratings means cheaper insurance – Safer cars can get you lower premiums. Safe vehicles reduce injuries and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If the Chevy Camaro is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Where you live is a factor – Choosing to live in a small town is a positive aspect when buying insurance. Drivers in populated areas regularly have more traffic problems and a longer drive to work. Lower population means reduced accidents and also fewer theft and vandalism claims.
  • Lower rates come with age – More mature drivers tend to be more responsible, file fewer claims and tend to be better behind the wheel. Youthful drivers are statistically proven to be careless and easily distracted when driving and because of this, their insurance rates are much higher.
  • More miles equals more premium – The more you drive each year the higher your rate. The majority of insurers rate vehicles based on how the vehicle is used. Autos left parked in the garage qualify for better rates as compared to vehicles used primarily for driving to work. Make sure your insurance policy properly reflects the correct driver usage. If your policy improperly rates your Camaro may be wasting your money.

Auto Insurance Prices Online

Performing a rate comparison can be a daunting task if you don’t utilize the easiest way. You could waste a few hours driving to insurance companies in your area, or you could save time and use online quoting to get pricing more quickly.

Most of the larger companies belong to a marketplace where prospective buyers enter their policy data once, and each participating company can give them a price based on that data. This system prevents you from having to do quote forms for each company.

To access this free quoting program, click here (opens in new window).

The one downside to pricing coverage this way is you cannot specify which insurance companies you will receive quotes from. So if you want to select specific insurance companies to compare rates, we have a listing of low cost auto insurance companies in your area. View list of insurance companies.

Whichever method you choose, compare apples-to-apples coverages for each price quote. If your comparisons have different liability limits you can’t possibly determine the best price for your Chevy Camaro. Quoting even small variations in coverages may result in large price differences. And when price shopping your coverage, more quotes will enable you to find a better price.

Advertising myths

Companies like Allstate and Progressive continually stream ads on TV and radio. All the ads have a common claim of big savings after switching your policy. How can each company make almost identical claims?

Insurance companies are able to cherry pick for the type of customer that earns them a profit. A good example of a desirable insured might be over the age of 40, has no prior claims, and chooses high deductibles. A customer getting a price quote that hits that “sweet spot” will get the preferred rates and most likely will pay quite a bit less when switching companies.

Consumers who do not match the requirements will be quoted higher premiums and ends up with business going elsewhere. The ads say “drivers who switch” not “people who quote” save that kind of money. That is how companies can claim big savings.

This emphasizes why you should compare many company’s rates. It’s not possible to predict the company that will provide you with the cheapest Chevy Camaro insurance rates.

Don’t pay full price with these discounts

Car insurance is not cheap, but there are discounts available that can drop the cost substantially. Most are applied when you get a quote, but some may not be applied and must be specially asked for in order for you to get them.

  • Safe Drivers – Safe drivers may save up to 50% more for Camaro insurance than their less cautious counterparts.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Student Driver Training – Require your teen driver to successfully complete driver’s ed class if offered at their school.
  • Save over 55 – If you qualify as a senior citizen, you can possibly qualify for better auto insurance rates for Camaro insurance.
  • Good Student Discount – Getting good grades can get you a discount of up to 25%. The discount lasts until age 25.
  • Driver Safety – Taking a driver safety course can save you 5% or more if you qualify.

A little note about advertised discounts, some credits don’t apply to the entire cost. Most cut specific coverage prices like liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount will reduce the cost of coverage.

Companies that may offer these discounts include:

Check with each insurance company which discounts they offer. Some discounts may not apply in your state.

Your personal situation dictates your coverage

When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique.

Here are some questions about coverages that might point out whether you might need professional guidance.

  • Is my babysitter covered when using my vehicle?
  • Is motorclub coverage worth it?
  • Do I have coverage if my license is suspended?
  • Am I covered if I wreck a rental car?
  • Is rental equipment covered for theft or damage?
  • Can I drive in Mexico and have coverage?
  • Does medical payments coverage apply to all occupants?
  • Can my teen driver be rated on a liability-only vehicle?

If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form.

Car insurance policy specifics

Understanding the coverages of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Collision coverage protection

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like crashing into a ditch, sideswiping another vehicle, sustaining damage from a pot hole, driving through your garage door and damaging your car on a curb. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

This pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like vandalism, fire damage, hitting a bird, damage from flooding and a tree branch falling on your vehicle. The most a car insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability auto insurance

Liability insurance protects you from damage that occurs to a person or their property by causing an accident. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

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. Your policy might show limits of 50/100/50 which means a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like medical services, legal defense fees, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Chevy Camaro.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages are set the same as your liablity limits.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance reimburse you for bills such as dental work, nursing services and X-ray expenses. They are used in conjunction with a health insurance plan or if you do not have health coverage. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Smart consumers save more

Consumers change insurance companies for a variety of reasons including extreme rates for teen drivers, not issuing a premium refund, an unsatisfactory settlement offer or even denial of a claim. No matter why you want to switch, finding a new car insurance company is not as difficult as it may seem.

Lower-priced 1995 Chevy Camaro insurance is attainable online and with local insurance agents, and you need to price shop both so you have a total pricing picture. Some car insurance companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.

We just covered some good ideas how to compare insurance prices online. The most important thing to understand is the more rate comparisons you have, the higher your chance of finding lower rates. You may even find the lowest premiums are with a smaller regional carrier.

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