How Much is Insurance for a Camaro?

February 18th, 2021 by

Chevy Camaro

If you want to experience the Pace roads behind the wheel of a Chevy Camaro, you’re in for one exhilarating ride! But, just how much is insurance for a Camaro? On average, Camaro insurance is around $154 per month or $1,848 per year. The precise cost will depend on your particular model, your policy, your driving history, and many other factors – but Allen Turner Chevrolet is here to help you sort everything out. Learn all about financing your Camaro and enjoy the roads with total peace of mind!

Minimum Liability Coverage in Florida

Woman getting out of Chevy Camaro

In Florida, drivers are required to carry the following minimum liability coverage amounts:

  • $10,000 for personal injury protection (PIP)
  • $10,000 for property damage liability (PDL)

Florida is considered a no-fault state and though you are not required to carry bodily injury liability, it is recommended for added protection.

Comparing Camaro Insurance Plans

While we can’t give you a specific answer to “How much is insurance for a Camaro?” around Fort Walton Beach, here are some things to keep in mind to get the best deal possible when comparison shopping.

  • Cost & Deductible: Every insurance company has its own policy, so make sure you provide identical information for each quote with a premium and deductible that work with your budget.
  • Minimum Coverage: Make sure that you’re meeting the minimum required coverage by Florida law.
  • Optional Insurance: Optional auto insurance, like uninsured motorist coverage and personal injury protection, can give you extra coverage – and extra peace of mind.
  • Policy Add-Ons: You can also add helpful policy add-ons like roadside assistance and accident forgiveness, but be sure to factor the extra cost into your monthly budget.
  • Policy Restrictions: Don’t forget to ask about policy restrictions to prevent any potential coverage issues in the future.
  • Warranty: Your auto insurance and Chevy warranty may overlap in certain areas, so it’s a good idea to compare the two to cut costs where you can.

Factors in Camaro Insurance Costs

So, why does Camaro insurance vary so much in Niceville? Your premium is calculated based on the chances of you filing a claim. A better driving record usually results in better premium rates, but your car also plays a big role in your insurance. How is the Camaro seen in the eyes of insurance companies?

  • Car Type: The Chevy Camaro is a muscle car that can reach speeds of up to 200 MPH, which puts it in a different category than your average SUV.
  • Likelihood of Theft: High-performance two-door coupes are actually stolen less frequently than sedans and trucks.
  • Repair Costs: A 2018 Edmunds True Cost to Own survey found that the Camaro cost around $5,131 over a 5-year period to maintain.
  • Safety Ratings: In 2019, the Chevy Camaro earned a 5-star NHTSA rating for exceptional safety.
  • Fuel: The Camaro is a traditional gas-powered vehicle, which makes it less expensive to insure than options like hybrid or diesel-powered cars.
  • Features: In general, higher trims like the ZL1 have higher insurance costs than lower trims like the 1LS.

Learn More with Allen Turner Chevrolet

If you still have questions about Camaro insurance, Allen Turner Chevrolet is here to help. Contact us for expert financial advice in the Crestview area.