Compare the Cost of Chevrolet Camaro Insurance by Model Year and Company

MoneyGeek discovered that the average annual insurance rate for a Chevrolet Camaro is $1,462. The cost of insurance for a Chevrolet Camaro model is moderately priced, although it is higher than the national average by $35. The prices differ based on the model year of your car and the insurance company you choose. Comparing quotes from different insurers ensures that you secure the best rates.

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When looking for the best car insurance for a Chevrolet Camaro, shopping around can be worthwhile. Different insurance companies charge varying rates for the same car model depending on the year of manufacture and driver profile. By reviewing rates from multiple insurance providers, you can secure the best prices.

Key Takeaways

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It costs an average of $1,462 annually to insure a Chevrolet Camaro. The average car model only costs an average of $1,427 per year.

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Insurance for a Chevrolet Camaro may vary by as much as $649 based on the insurance company you select.

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Chevrolet Camaro insurance rates may vary by a maximum of $403 depending on how old the car is. Companies charge more for newer models.

How Much It Costs to Insure a Chevrolet Camaro and the Cheapest Company

Chevrolet Camaro insurance cost s differ considerably between providers. Some companies charge more than the national average of $1,462, while other companies charge less. The cheapest car insurance provider for Chevrolet Camaro is USAA, with a cost of $1,139 per year. There is a difference of $649 between the cheapest and most expensive provider.

The Average Annual Cost of Chevrolet Camaro Insurance by Company

MoneyGeek obtained information about insurance company rates from a sample driver profile. The driver, in this case, is a 40-year-old male with 100/300/100 liability insurance that includes comprehensive and collision coverage.

The Average Cost to Insure a Chevrolet Camaro by Company

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Is a Chevrolet Camaro Expensive to Insure?

For any given car model, insurers consider several factors to calculate policy costs. Drivers with expensive cars, models that are more prone to accidents and those that are likely to be stolen pay higher rates.

Overall, Chevrolet Camaro's insurance cost tends to be on the moderate side, costing only $35 more than the average for all models. According to the National Highway Traffic Safety Administration, the model has a high theft rate. This explains why costs are not the lowest since vehicles with a high theft rate are riskier to insure.

The Best Car Insurance Company for a Chevrolet Camaro

When securing a Chevrolet Camaro insurance quote, cost should not be the only factor that comes to mind. Many other criteria need to be considered.

MoneyGeek scored car insurance companies based on customer complaints, financial stability, customer satisfaction and affordability scores. Based on these scores:

  • USAA is the best insurance provider for drivers with a Chevrolet Camaro car model. However, it is limited to military members.
  • The best insurer for drivers who are not in the military and the second-best company overall is GEICO.

1
USAA
Score:99

5/5

Affordability

4.5/5

Claims Ratings

5/5

User Satisfaction

5/5

Financial Stability

2
GEICO
Score:83

4.4/5

Affordability

3.5/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

3
Progressive
Score:82

4.3/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

4
State Farm
Score:77

3.8/5

Affordability

4/5

Claims Ratings

3/5

User Satisfaction

5/5

Financial Stability

5
Allstate
Score:69

3/5

Affordability

4.5/5

Claims Ratings

3/5

User Satisfaction

4.5/5

Financial Stability

How Much It Costs to Insure a Chevrolet Camaro by Model Year

Older Chevrolet Camaro models are generally cheaper to insure than newer versions. As the value of a car depreciates, its comprehensive and collision insurance cost also goes down. Insurance for the 2010 Chevrolet Camaro costs an average of $1,193 per year. The 2020 version costs $1,595. Depending on your car’s age, you can save up to $402 per year on car insurance.

Different insurance companies may offer different rates based on your car’s model year. The cheapest insurance for a 2020 Chevrolet Camaro is from USAA, costing$1,139 annually.

Scroll through the list below to compare rates from different providers for your model year.

The Average Cost to Insure a Chevrolet Camaro by Model Year

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  • Company
    Average Annual Rates (2020 model)
    Average Annual Rates (2019 model)
    Average Annual Rates (2018 model)
    Average Annual Rates (2010 model)
  • 1.
    $1,254
    $1,260
    $1,122
    $921
  • 2.
    $1,415
    $1,454
    $1,453
    $1,033
  • 3.
    $1,447
    $1,443
    $1,384
    $1,146
  • 4.
    $1,533
    $1,553
    $1,573
    $1,322
  • 5.
    $1,695
    $1,660
    $1,628
    $1,175

How Expensive Is It to Insure a Chevrolet Camaro Compared to Other Cars?

Car insurance for a Chevrolet Camaro is moderately priced. The average cost of insuring a Chevrolet Camaro is $1,462 per year compared to the national average of $1,427. This is only a $35 difference.

How Much It Costs to Insure a Chevrolet Camaro for 16- to 25-Year-Olds

Because of inexperience, young drivers are often charged more for car insurance regardless of the type of car they drive. The Chevrolet Camaro insurance cost for an 18-year-old is $4,772 on average. That is $3,310 more than what a 40-year-old pays for the same coverage.

It can be more cost-effective for teens to be part of their parent’s insurance policy. Insuring a teenage driver is often more expensive if they get their coverage than if they use their parents’ policy.

Car insurance costs for young drivers between the age of 16 and 25 are outlined below.

The Average Cost to Insure a Chevrolet Camaro by Driver Age

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  • Age
    Average Annual Rates
  • 16
    $6,118
  • 17
    $5,419
  • 18
    $4,772
  • 19
    $3,418
  • 20
    $3,051
  • 21
    $2,415
  • 22
    $2,224
  • 23
    $2,035
  • 24
    $1,910
  • 25
    $1,733
  • 40
    $1,462

How Does Location Affect the Cost of Chevrolet Camaro Insurance?

The costs outlined in this article are based on a national average and can change depending on your state of residence. You can use the MoneyGeek state page analysis to determine the cost of car insurance within specific states.

FAQs About Chevrolet Camaro Insurance

Your car model is one of the factors used to determine the cost of your insurance. Some of the common questions about insuring a Chevrolet Camaro include:

Read More About Car Insurance

Methodology

MoneyGeek derived insurance provider rates data for a Chevrolet Camaro LS from a sample 40-year old male driver with a policy that has the following coverages:

  • $100,000 in bodily injury liability insurance per person
  • $300,000 in bodily injury liability insurance per accident
  • $100,000 in property damage liability insurance per accident
  • Comprehensive and collision insurance with a $1,000 deductible

The rates are average estimates and should serve as a guide when determining what prices to expect from insurance providers. They do not represent your actual car insurance rates.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.