How Much is Insurance for a Camaro?
Considering a Chevrolet Camaro? You may be wondering, “How much is insurance for a Camaro?” On average, drivers pay $154 a month in insurance for the Camaro, which comes out to $1,848 a year.* Of course, your premium may be different, depending on your policy, location, driving history, and your car. Learn more about Camaro insurance rates and what affects cost below!
Minimum Liability Coverage in Nebraska
In Nebraska, drivers are required to carry the following minimum liability coverage amounts:
- Bodily Injury for One Person: $25,000
- Bodily Injury for All Injuries: $50,000
- Property Damage: $25,000
How to Compare Insurance Products & Services
If you’re shopping for Chevy Camaro insurance, consider the following before you choose a plan:
- Cost & Deductible: Policies are different, depending on the insurance company. Make sure you’re providing the same info for each quote, and choose a premium and deductible that fit your monthly budget.
- Minimum Coverage: Refer to the section above to ensure you’re getting at least the minimum required coverage.
- Optional Insurance: Consider increasing your coverage with optional auto insurance like uninsured motorist coverage and personal injury protection.
- Policy Add-Ons: Some insurance policies offer extras like roadside assistance and accident forgiveness. If they aren’t included in your policy, determine whether they’re worth the extra cost.
- Policy Restrictions: Ask about policy restrictions to avoid coverage issues in the future.
- Warranty: Sometimes, car warranties and auto insurance overlap in terms of what’s covered. Compare your warranty vs. insurance policy to see where you can cut costs.
What Affects Camaro Insurance Rates?
Car insurance companies base your premium on a number of factors — mainly the chances of you filing a claim and the associated costs. Even if your driving history is perfect, the car you drive will still impact your premium. How do insurance companies view the Chevy Camaro? Here’s a quick breakdown:
- Car Type: The Chevy Camaro is a muscle car or “pony car.” It produces up to 650 hp and can reach almost 200 mph.
- Likelihood of Theft: High-performance two-door coupes like the Camaro are stolen less frequently than sedans and pickups.
- Repair Costs: According to Edmunds True Cost to Own, the 2018 Chevy Camaro’s average maintenance and repair costs for Omaha drivers are about $5,131 over a 5-year period.
- Safety Ratings: The 2019 Chevy Camaro earned a 5-star overall safety rating from the NHTSA.
- Fuel: The Camaro is gas-powered, making it cheaper to insure than a hybrid, EV, or diesel-powered vehicle.
- Feature Options: You can expect to pay more for insurance if you purchase a higher trim like the ZL1 instead of a lower trim like the 1LS or 3LT.
Because it’s a sports car with a variety of feature options, the Chevy Camaro’s cost to insure will be significantly higher than your average economy vehicle. However, its safety ratings, fuel type, repair costs, and theft rates could help you save money.
Learn More About the New Camaro at Gregg Young Chevy Omaha!
Explore the Chevrolet Camaro configurations, engines, and features at Gregg Young Chevy Omaha near Omaha and Elkhorn. Ready to take one for a test drive? Contact us to schedule an appointment and learn more about our new vehicle specials!