How to Reduce Your Chevy Camaro Car Insurance Rates

Overpriced Chevrolet Camaro insurance can overdraw your bank account and force you to make sacrifices. Comparing price quotes is a great way to cut your insurance bill.

Because there are so many options, it is hard for the average consumer to find the lowest cost car insurance company.

Shopping for the cheapest coverage is quite easy. In a nutshell, anyone who is required by state law to have car insurance will most likely be able to save money. But car owners benefit from understanding the methods companies use to determine prices because it can help you find the best coverage.

Policy discounts you shouldn’t miss

Insurance can cost an arm and a leg, but discounts can save money and there are some available to reduce the price significantly. Certain discounts will be triggered automatically when you get a quote, but a few need to be specifically requested before being credited.

  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
  • Student in College – Children living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • Safe Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates on Camaro coverage than drivers with accident claims.
  • Paperwork-free – Certain companies may give you up to $50 for buying a policy and signing up on their website.
  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of up to 25% or more.
  • Accident Forgiveness – Some insurance companies will forgive one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • Driver’s Ed – Require your teen driver to take driver’s ed class if offered at their school.
  • Service Members Pay Less – Being on active duty in the military may qualify for rate reductions.
  • Organization Discounts – Being a member of a qualifying organization is a good way to get lower rates on your policy on Camaro coverage.

As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, it just doesn’t work that way. Any qualifying discounts will reduce your premiums.

There’s no such thing as the perfect policy

When buying the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might point out if your insurance needs would benefit from an agent’s advice.

  • Can I afford low physical damage deductibles?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is a no-fault state?
  • Does having multiple vehicles earn me a discount?
  • Should I put collision coverage on all my vehicles?
  • Am I covered when using my vehicle for business?

If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Shop online but buy locally

Some people would rather visit with an insurance agent and that is OK! One of the best bonuses of price shopping on the web is the fact that you can find better rates but also keep your business local. Supporting small agencies is important especially in smaller rural communities.

Upon completion of this short form, your insurance data is transmitted to insurance agents who will give you bids for your coverage. You don’t have to leave your computer because quoted prices will be sent immediately to your email address. How’s that for easy! You can find better rates AND an agent nearby. insurance quotes

Two types of insurance agencies

When searching for local agents, you must know there are a couple types of insurance agents that you can select. Agencies are categorized either independent (non-captive) or captive.

Independent Agents (or Brokers)

These agents are not employed by any specific company so they can insure your vehicles amongst many companies enabling the ability to shop coverage around. To move your coverage to a new company, they simply move the coverage in-house and that require little work on your part.

When comparing rates, we recommend you include price quotes from at least one independent agent for maximum quote selection.

Agency Captives

This type of agents can only write with one company and some examples include Liberty Mutual, State Farm, Allstate and AAA. These agents are not able to shop your coverage around so they have no alternatives for high prices. Captives are well schooled on the products they sell which can be an advantage.

For a full directory of agents, visit this page.

Deciding on an auto insurance agent needs to be determined by more than just the premium amount. Ask your prospective agent these questions:

  • If your car is totalled, how to they determine the replacement cost?
  • Are they full-time agents?
  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • Are there any hidden costs in their price quote and does it include driving and credit history?
  • If you are a high risk driver, do they have special markets for your coverage?
  • Does the company allow you to choose your own collision repair facility?

After receiving positive responses as well as a affordable price, it’s possible that you found an auto insurance agent that will properly service your car insurance policy.

The car insurance bait and switch

Companies like Progressive, GEICO, Allstate and State Farm consistently run television and radio advertisements. All the ads make an identical promise of big savings if you change to their company. How does each company claim to save you money?

Insurance companies have a certain “appetite” for the right customer that makes them money. For instance, a driver they prefer might be profiled as between 25 and 40, is a homeowner, and has a high credit rating. A driver who fits that profile receives the best rates and is almost guaranteed to save when they switch companies.

Drivers who don’t qualify for the requirements will be charged a higher premium and ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “people who quote” save that much money. That’s the way insurance companies can confidently advertise the way they do.

That is why drivers must compare many company’s rates. It’s not possible to predict which car insurance company will provide you with the cheapest rates.

Compare but don’t skimp

We just showed you a lot of tips how to shop for Chevy Camaro insurance online. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Drivers may discover the lowest priced car insurance comes from a lesser-known regional company. Some small companies may only write in your state and offer lower rates than their larger competitors like Allstate or State Farm.

Discount Chevy Camaro insurance can be bought online in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

While you’re price shopping online, you should never skimp on critical coverages to save a buck or two. There are a lot of situations where an insured cut full coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to get the best coverage possible at the best price, not the least amount of coverage.