Here are the best information about Camaro insurance cost voted by readers and compiled and edited by our team, let’s find out
We collected quotes for eight model years and found that, on average, it costs $2,294 per year to insure a Camaro. Progressive offered the cheapest car insurance quotes for our sample Chevy Camaro driver, with an average annual rate of $1,875.
Cheapest insurance for the Chevrolet Camaro: Progressive
Our survey of quotes from top insurers found that Progressive offered our sample Camaro owner the cheapest auto insurance. The company’s rates for our 30-year-old sample driver were 18% cheaper than the average cost to insure a Camaro. In terms of savings, this amounted to $447 less in annual premiums compared to the mean cost of car insurance coverage.
Our study found that the company with the second-cheapest auto insurance for a Chevy Camaro was Allstate. Its rate of $2,109 per year to insure a 2017 Camaro was 14% less than the average across the quotes we gathered. Furthermore, Geico’s car insurance rates were, on average, 21% less than the most expensive insurer we surveyed, State Farm.
Average cost of Chevy Camaro insurance
Insurance costs for different Chevy Camaro model years were closely related to vehicle value, with more recent and expensive models — especially those made from 2018 to 2021 — having higher insurance costs, on average, than older vehicles.
We found the 2014 Chevy Camaro to have the cheapest insurance of the vehicles we surveyed, with an annual rate of $1,954. This is 25% less than the cost to insure a 2021 Camaro — the model with the highest insurance costs.
In addition to the year it was made, your Camaro’s insurance costs will also be impacted by its trim, with higher trim levels typically garnering higher rates. Trim level can have a significant influence on a vehicle’s value. That dictates the potential cost to insurers if they have to pay out to repair or replace your vehicle for a comprehensive or collision insurance claim.
For example, the 2021 Chevy Camaro SS costs $37,500, which is more than 47% more expensive than the 2021 Camaro LT — one of the cheaper trim levels. Because of this value difference, Camaro SS owners will likely pay more for insurance than Camaro LT owners.
Another factor that affects how much it costs to insure a Camaro is driver age. In general, younger drivers can expect to pay much more for car insurance than older drivers. Based on our analysis, Camaro insurance for a 21-year-old driver is 32% more expensive, on average, than it is for a 30-year-old.
How Camaro insurance costs compare to other vehicles
Compared to other popular American-made muscle cars — the Ford Mustang and the Dodge Charger — the Chevy Camaro is more expensive to insure. The cost to insure a 2021 Camaro, $2,612 per year, was 14% more expensive than the 2021 Dodge Charger’s rate and 13% more expensive than the 2021 Ford Mustang. Additionally, we found the 2013 Chevrolet Camaro ZL1 to be the second-cheapestmuscle car to insure for young drivers.
We compiled quotes from the largest auto insurers — State Farm, Progressive, Geico and Allstate — across dozens of ZIP codes in California. Unless otherwise noted, the quotes were for a male driver with no violations or accidents, who was 30 years old and had a full-coverage policy. We gave him the following coverage limits:
Car prices were obtained from Cars.com.