How Much Does 2012 Chevrolet Camaro Insurance Cost?

Searching for the cheapest insurance rates for your Chevrolet Camaro? Locating the cheapest insurance for a Chevy Camaro could be difficult, but you can learn the following methods to make it easier.

There are more efficient ways to find insurance online so you’re going to learn the proper way to price shop coverage on a Chevy and obtain the lowest price from both online companies and local agents.

Shopping for the best coverage is quite easy. If you have a policy now or are shopping for new coverage, you can use these tips to reduce the price you pay and possibly find even better coverage. Vehicle owners just need to learn the proper way to shop for auto insurance online.

These factors can influence what you pay for Chevy Camaro insurance

Smart consumers have a good feel for some of the elements that come into play when calculating the price you pay for car insurance. Knowing what determines base rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

  • More miles equals more premium – The more you drive in a year the higher your rates will be. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Autos that are left in the garage receive lower rates than those used for commuting. If your policy improperly rates your Camaro can result in significantly higher rates. Verify your car insurance policy is rated on the correct driver usage, because improper ratings can cost you money.
  • Are you male or female? – The statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that men are WORSE drivers than women. They both tend to get into accidents at about the same rate, but the male of the species cause more damage. Men also tend to receive more costly citations such as DWI and reckless driving. Male drivers age 16 to 19 are the most expensive to insure and therefore are the most expensive to insure.
  • Poor driving leads to higher costs – Even one ticket may increase your cost forty percent or more. Drivers with clean records tend to pay less for car insurance than bad drivers. If you have serious violations such as hit and run, DWI or reckless driving convictions may find they need to file a SR-22 with the DMV in their state in order to continue driving.
  • Higher deductibles cost less – Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your Chevy. A few examples of covered claims could be a windshield shattered by a rock, collision with an animal, and rolling your vehicle. Deductibles for physical damage are how much you are required to spend out-of-pocket in the event of a claim. The more money you have to pay, the lower your rates will be on Camaro coverage.

Discounts on Chevy Camaro insurance

Insurance can be prohibitively expensive, but there could be available discounts to help offset the cost. Some discounts apply automatically at quote time, but a few must be asked for prior to receiving the credit. If you don’t get every credit available, you are throwing money away.

  • Federal Government Employee – Employees or retirees of the government can save as much as 8% on Camaro coverage with a few car insurance companies.
  • Save with a New Car – Adding a new car to your policy can be considerably cheaper due to better safety requirements for new cars.
  • Bundle and Save – If you insure your home and vehicles with one company you could get a discount of up to 20% off your total premium.
  • Anti-lock Brake Discount – Cars that have steering control and anti-lock brakes can avoid accidents and earn discounts up to 10%.
  • Military Rewards – Being deployed with a military unit could be rewarded with lower premiums.
  • Theft Prevention Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
  • Low Mileage – Low mileage vehicles can earn discounted rates on garaged vehicles.
  • Sign Early and Save – Select companies give a discount for signing up prior to your current policy expiration. It can save you around 10%.

It’s important to note that some of the credits will not apply to the overall cost of the policy. Some only apply to individual premiums such as medical payments or collision. So despite the fact that it appears all those discounts means the company will pay you, you won’t be that lucky. But all discounts will help reduce the amount you have to pay.

To see a list of insurers with discount car insurance rates, click here.

Tailor your coverage to you

When choosing the right insurance coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs.

Here are some questions about coverages that might help in determining if your insurance needs might need an agent’s assistance.

  • Why is insurance for a teen driver so high?
  • What if I owe more than I can insure my car for?
  • Do I pay less if my vehicle is kept in my garage?
  • When should my teen driver be added to my policy?
  • Can I afford to buy a different vehicle if my 2012 Chevy Camaro is totaled?
  • Does my car insurance cover rental cars?

If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and you can get the answers you need.

Insurance coverage options for a 2012 Chevy Camaro

Knowing the specifics of your insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.

Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage protects against things such as falling objects, damage from a tornado or hurricane and theft. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for liability – Liability coverage protects you from damage that occurs to other’s property or people by causing an accident. This insurance protects YOU against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like bail bonds, court costs, loss of income and attorney fees. How much coverage you buy is a decision to put some thought into, but you should buy as much as you can afford.

Coverage for uninsured or underinsured drivers – This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.

Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for EMT expenses, X-ray expenses and rehabilitation expenses. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Collision coverage – Collision insurance pays for damage to your Camaro caused by collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like colliding with a tree, hitting a parking meter, colliding with another moving vehicle, sustaining damage from a pot hole and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.

Buy Smart and Save

Affordable 2012 Chevy Camaro insurance can be found on the web as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. Some companies don’t offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

As you prepare to switch companies, never skimp on critical coverages to save a buck or two. There have been many situations where an insured dropped full coverage only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy the best coverage you can find at the best price while still protecting your assets.

People switch companies for a variety of reasons including high prices, high rates after DUI convictions, not issuing a premium refund or even delays in responding to claim requests. It doesn’t matter what your reason, finding a new company is actually quite simple.

More tips and info about insurance coverage is available at these sites: