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Key Takeaways
- Insurance for a Chevrolet Camaro will cost on average $2124 annually or $177 per month.
- The Chevrolet Camaro 1LT Convertible is the cheapest to insure, costing roughly $1966 per year.
- The Camaro ZL1 Coupe trim level is the costliest to insure, with the annual premium being $2414/year.
- The cheapest minimum coverage for the Chevrolet Camaro starts at $1220/year.
Chevrolet Camaro auto insurance cost
The Chevrolet Camaro is one of the most popular and iconic muscle cars in the market. It’s an absolute breeze to own one – as long as you’re not spending too much on Camaro insurance!
On average, Chevrolet Camaro insurance will cost $2124 per year, which is nearly $500 higher than the national average of $1635 per year. Given the various trim levels of the Camaro, the insurance premium can be as high as $2500!
The only way to get a great deal with full coverage is by comparing quotes from as many providers as possible. Find low-cost car insurance deals in just minutes and compare offers from top auto insurance companies easily using Way.com.
Are Chevrolet Camaros expensive to insure?
Often considered Chevrolet’s answer to the Ford Mustang, the Camaro is a widely popular ‘pony’ car – a coupe that offers both style and performance. The price range for the vehicle lies between $25,000-$40,000. Still, you can find low-cost car insurance deals for your favourite chevy model.
Compared to other cars in its segment, the Camaro is moderately expensive to insure. It is roughly $800 more expensive to insure than the cheapest vehicle of this range (the Mazda MX-5 Miata) and $1000 more expensive to insure than the costliest vehicle in its range (the Nissan GT-R).
| Make/Model | Insurance Cost |
|---|---|
| Mazda MX-5 Miata | $1,334 |
| Ford Mustang | $1,620 |
| BMW Z4 | $1,654 |
| Subaru WRX | $1,746 |
| Toyota GR86 | $1,788 |
| Toyota GR Supra | $1,830 |
| Audi TT | $1,868 |
| Subaru BRZ | $1,928 |
| Chevrolet Corvette | $1,934 |
| BMW M3 | $1,986 |
| Porsche 718 | $2,076 |
| Chevrolet Camaro | $2,124 |
| Lexus RC F | $2,174 |
| Dodge Challenger | $2,182 |
| Mercedes-Benz AMG GT53 | $2,214 |
| Jaguar F-Type | $2,316 |
| Porsche Taycan | $2,378 |
| Porsche 911 | $2,438 |
| BMW M4 | $2,440 |
| Lexus LC 500 | $2,526 |
| Acura NSX | $2,960 |
| Audi R8 | $3,090 |
| Nissan GT-R | $3,166 |
What impacts the cost of Chevrolet Camaro auto insurance?
Though Chevrolet insurance is affordable, the premiums can vary based on several factors like:
- The driver’s age
- The driver’s gender
- The city you are in
- The age of the car
- Trim level of the car
- The insurance company you choose
Therefore, browse different types of car insurance before choosing one.
Age of the driver
People without driving records (like teens and young adults) have nothing to showcase their driving history. They may be considered riskier applicants and will be charged higher Camaro premiums. Hence, it is best to explore plans that suit your driving habits.
A Chevrolet Camaro owner in his 20s may be charged as much as $4196/year compared to a 50-year-old who’ll have a premium of $1938/year.
Model year / age of the car
Older Chevrolet Camaro models will generally cost lesser to insure, because their features may be older and they are less likely to be stolen. Newer models have more value on the market and also cost more to repair, so will be costlier to insure.
The average auto insurance premium for a 2022 Chevrolet Camaro is $2335/year compared to $1764/year for a 2018 model.
| Model Year | Average Annual Rate | Monthly Rate |
|---|---|---|
| 2022 Chevrolet Camaro | $2335 | $195 |
| 2021 Chevrolet Camaro | $2294 | $191 |
| 2020 Chevrolet Camaro | $1912 | $159 |
| 2019 Chevrolet Camaro | $1804 | $150 |
| 2018 Chevrolet Camaro | $1764 | $147 |
Trim level
The Chevrolet Camaro has eight standard trim levels with several hybrid trims – that's quite a lot to choose from! The Camaro 1LT Convertible trim level is the cheapest to insure – they will only cost you $1966/year on average. The ZL1 Coupe is the costliest to insure at $2414/year.
| Chevrolet Camaro Trim Level | Annual Rate | Monthly Rate |
|---|---|---|
| 1LT Convertible | $1,966 | $164 |
| 1LS Coupe | $1,970 | $164 |
| 1LT Coupe | $1,984 | $165 |
| 2LT Convertible | $2,002 | $167 |
| 2LT Coupe | $2,034 | $170 |
| 3LT Convertible | $2,060 | $172 |
| LT1 Convertible | $2,090 | $174 |
| 3LT Coupe | $2,118 | $177 |
| 1SS Convertible | $2,128 | $177 |
| LT1 Coupe | $2,162 | $180 |
| 2SS Convertible | $2,174 | $181 |
| 1SS Coupe | $2,212 | $184 |
| 2SS Coupe | $2,268 | $189 |
| ZL1 Convertible | $2,286 | $191 |
| ZL1 Coupe | $2,414 | $201 |
City you are located in
Your auto insurance premium may be on the higher side if you live in a large metropolis – which may have higher accidents or car burglaries. This can influence the premiums offered to you as a Chevrolet Camaro owner. Certain ZIP codes can be extremely expensive to insure depending on the crimes rate and possibility of theft/burglary. Hence it is best to start comparing plans for your ZIP code.
The highest Chevrolet Camaro premiums are found in Los Angeles and New York.
| City | Average Annual Rate |
|---|---|
| Los Angeles, CA | $2529 |
| New York, NY | $2338 |
| Houston, TX | $2319 |
| Jacksonville, FL | $2146 |
| Philadelphia, PA | $1984 |
| Chicago, IL | $1955 |
| Phoenix, AZ | $1721 |
| Seattle, WA | $1440 |
| Indianapolis, IN | $1263 |
| Columbus, OH | $1234 |
Insurance company
Based on the research done by the Way.com team, Allied Insurance offers the cheapest Chevrolet Camaro insurance deals averaged across all states, with a premium of $1220/year.
| Company | Annual Rate |
|---|---|
| Allied | $1220 |
| Tennessee Farmers | $1789 |
| American Family | $1828 |
| Erie | $1878 |
| Nationwide | $1883 |
| Southern Farm Bureau | $1948 |
| Arbella | $1970 |
| USAA | $1982 |
| Auto Owners | $1983 |
How much is Chevrolet Camaro auto insurance for recent models?
There may be slight differences in the Camaro insurance premium for different models based on their year. The average auto insurance premium for a 30-year-old driver with a recent Chevrolet Camaro model is as follows:
- A 2022 Chevrolet Camaro will cost roughly $2335 per year to insure.
- A 2021 Chevrolet Camaro will cost $2294 per year to insure.
- A 2020 Chevrolet Camaro insurance premium costs on average $1912 per year.
Chevrolet Camaro crash test ratings
| Vehicle Year | Overall Rating | Front Driver and Passenger | Side Driver and Passenger | Rollover |
|---|---|---|---|---|
| 2020 Chevrolet Camaro ZL1 C RWD | N/R | N/R | N/R | 5 stars |
| 2020 Chevrolet Camaro SS C RWD | N/R | N/R | N/R | 5 stars |
| 2019 Chevrolet Camaro ZL1 C RWD | N/R | N/R | N/R | 5 stars |
| 2019 Chevrolet Camaro SS C RWD | N/R | N/R | N/R | 5 stars |
| 2018 Chevrolet Camaro ZL1 C RWD | N/R | N/R | N/R | 5 stars |
| 2018 Chevrolet Camaro SS C RWD | N/R | N/R | N/R | 5 stars |
Chevrolet Camaro safety features
You can reduce your auto insurance by ensuring the Camaro you have is well-equipped with safety features. Some of the installed features include:
- Electronic stability control
- Daytime running lights
- Traction control
- Emergency trunk release
- 4-wheel anti-lock brakes
- 4-wheel disc brakes
- Brake assist
- Driver airbag
- Passenger airbag
- Front head airbag
- Rear head airbag
- Front side airbag
Chevrolet Camaro safety ratings
| IIHS Safety Test Type | Safety Rating |
|---|---|
| Head restraints and seats | Good |
| Roof strength | Acceptable |
| Side strength | Good |
| Moderate overlap front | Good |
| Small overlap front: passenger side | Not tested |
| Small overlap front: driver-side | Good |
Chevrolet Camaro insurance loss probability
| Insurance Coverage Category | Loss Rate |
|---|---|
| Collision | 63% |
| Property Damage | 13% |
| Comprehensive | 35% |
| Personal Injury | 20%/td> |
| Medical Payment | 28% |
| Bodily Injury | 29% |
Ways to save on Chevrolet Camaro car insurance
- Be a safe driver: Insurance companies will charge you a higher premium if you have a history of rash driving, traffic violations, and at-fault accidents. That’s because all of this can make you riskier to insure and increase your premiums.
- Improve your credit score before applying: Applicants with excellent credit scores (more than 700) can save as much as $250 or more annually compared to those with lower credit scores of 670-740.
- Follow driving laws: Even something as simple as traffic violations can increase the auto insurance premium for your Chevrolet Camaro.
- Ask for relevant discounts: Ask for loyalty discounts, bundling discounts, senior citizen discounts, military veteran discounts, and more to reduce your annual premiums as much as possible.
How do I find the best Chevrolet Camaro car insurance rates?
- Apply for free insurance quotes from as many companies as you can! You can either apply individually of use an insurance platform like Way.com.
- Compare, compare, compare – that should be your mantra when searching for the best policy.
- In only a few minutes, an insurance aggregator like Way.com can help you find the lowest insurance rates you've qualified for with your financial position.
- The cheapest rates don’t always mean the best! You can always consider spending a bit more to get comprehensive coverage.
How to get Chevrolet Camaro auto insurance with Way.com
Simply download the Way.com app or head to the Way.com website to start your auto insurance journey and get a free quote in just minutes! Compare offers from more than 150 different insurance providers on our platform, which lets you choose the best policy for your Chevrolet Camaro – all in as little as 45 seconds!
INSURANCE AGENT EXPERTS
Auto Insurance Data Methodology
The auto insurance rates published in this guide are based on the results of research completed by Way.com’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.
Quotes are typically based on a full coverage policy average unless otherwise noted within the content.
These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with way.com
DATA SOURCES
Way.com’s Insurance Broker Quote Data
Frequently Asked Questions (FAQ)
Are Chevrolet Camaros expensive to insure?
The Chevrolet Camaro is moderately expensive to insure compared to other muscle/sports cars. Yearly premiums can average around $2124/year to insure.
How much does it cost to insure a Chevrolet Camaro?
Depending on the trim level of the vehicle, Chevrolet Camaro auto insurance can range from $1900-$2500 per year.
Is Chevrolet Camaro considered a sports car for insurance?
Yes, Chevrolet Camaros are considered as sports cars and hence will be slightly more expensive to insure.
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