How Much Does 2001 Chevrolet Camaro Insurance Cost?

Looking for cheaper car insurance rates for your Chevrolet Camaro? I can’t think of anyone who looks forward to paying for car insurance, especially when they are paying too much.

Numerous insurance companies battle for your insurance dollar, and because of this it can be hard to compare car insurance companies to find the lowest price

If you have car insurance now, you stand a good chance to be able to cut costs considerably using these methods. Finding affordable coverage is not that difficult. But drivers must learn how big insurance companies price online insurance and take advantage of how the system works.

Insurance Prices Online

The are a couple different ways of comparing rates from local insurance companies. The recommended way to find the lowest 2001 Chevy Camaro rates is simply to get online rate quotes. This can be accomplished in several different ways.

  1. One of the simplest ways consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This easy form eliminates the need for boring form submissions for each company you want a rate for. A single form compares rates from many national carriers.
  2. A more time consuming way to get quotes online requires a visit to each company website to complete their respective quote request forms. For examples sake, let’s say you want comparison quotes from USAA, Progressive and Liberty Mutual. You would have to take the time to go to each site and enter your policy data, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
  3. The least recommended way of getting rate comparisons is to drive around to insurance agents’ offices. Shopping for insurance online can eliminate the need for a local agent unless you want the trained guidance that only a license agent can provide. However, consumers can get prices online but still have the advice of a local agent and we’ll cover that in a bit.

It’s up to you how you get prices quotes, just ensure you’re using the exact same coverage limits for every quote you compare. If you enter different limits and deductibles on each one it will be next to impossible to make an equal comparison. Quoting even small variations in insurance coverages may cause a big price difference. And when comparing insurance rates, know that quoting more will increase your chances of finding the best price.

Discounts mean cheaper 2001 Chevy Camaro insurance rates

Insurance can be prohibitively expensive, but discounts can save money and there are some available that you may not even be aware of. Certain discounts will be applied when you complete an application, but lesser-known reductions have to be asked for before they will apply.

  • Bundle and Save – If you have multiple policies with one company you may earn 10% to 20% off each policy.
  • Theft Prevention System – Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Distant Student – Any of your kids who live away from home and don’t have a car may qualify for this discount.
  • Safe Drivers – Drivers who don’t get into accidents may receive a discount up to 45% less on Camaro insurance than drivers with accident claims.
  • Homeowners Pay Less – Owning a house can help you save on car insurance because of the fact that having a home shows financial diligence.
  • Save over 55 – If you qualify as a senior citizen, you may receive a discount up to 10% on Camaro insurance.

Drivers should understand that most discount credits are not given to the entire cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like it’s possible to get free car insurance, companies don’t profit that way. But all discounts will reduce your overall premium however.

Car insurance companies that may offer these discounts include:

Check with each insurance company which discounts they offer. Discounts might not apply in your state.

Tailor your coverage to you

When choosing the best auto insurance coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions might point out whether you would benefit from professional advice.

  • Do I need medical payments coverage since I have good health insurance?
  • What can I do if my company won’t pay a claim?
  • Do I need replacement cost coverage on my 2001 Chevy Camaro?
  • Can I rent a car in Mexico?
  • How many claims can I have before being cancelled?
  • Do I have any recourse if my insurance company denies a claim?
  • When should I not file a claim?
  • Are there companies who specialize in insuring high-risk drivers?
  • Should I rate my 2001 Chevy Camaro as pleasure use or commute?

If you can’t answer these questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Impacting insurance rates for a Chevy Camaro

Smart consumers have a good feel for the different types of things that play a part in calculating insurance rates. Understanding what controls the rates you pay enables informed choices that will entitle you to lower insurance prices.

Shown below are a few of the “ingredients” insurance companies consider when setting prices.

  • Drive less and save money – The more you drive in a year the more you’ll pay to insure your vehicle. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos used primarily for pleasure use get more affordable rates than vehicles that are driven to work every day. Double check that your insurance policy properly reflects the correct driver usage. Incorrect usage on your Camaro may be wasting your money.
  • Men are more aggressive – Statistics show that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. They both are in accidents at about the same rate, but men have costlier accidents. Men also have more aggressive citations such as DWI and reckless driving. Young males tend to get in the most accidents and are penalized with high insurance rates.
  • Poor credit can mean higher rates – A driver’s credit history is a important factor in determining what you pay for insurance. So if your credit rating is not that good, you could pay less to insure your 2001 Chevrolet Camaro by improving your rating. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • Cautious drivers pay less – Even one moving violation may increase your cost by twenty percent. Drivers with clean records tend to pay less for car insurance than their less careful counterparts. If you have dangerous violations like hit and run, DWI or reckless driving convictions may find they need to submit a SR-22 form with their state DMV in order to prevent a license revocation.

Parts of your insurance policy

Having a good grasp of a insurance policy helps when choosing the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Camaro.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits do not exceed the liability coverage limits.

Liability insurance

This provides protection from damage or injury you incur to other people or property. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which means $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like emergency aid, legal defense fees, repair costs for stationary objects, structural damage and medical expenses. How much liability should you purchase? That is your choice, but consider buying as much as you can afford.

Collision insurance

Collision coverage pays for damage to your Camaro from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like colliding with a tree, hitting a parking meter and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as chiropractic care, X-ray expenses, doctor visits and funeral costs. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible

Comprehensive coverage (or Other than Collision)

This coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for claims like vandalism, damage from getting keyed and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Take this to the bank

As you shop your coverage around, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced liability coverage limits only to regret at claim time that it was a big mistake. Your goal should be to buy enough coverage at the best price while not skimping on critical coverages.

Discount 2001 Chevy Camaro insurance is definitely available online and also from your neighborhood agents, and you should compare price quotes from both to have the best rate selection. Some companies may not provide the ability to get a quote online and most of the time these smaller companies sell through independent agents.

We just showed you some good ideas how to save on insurance. The key thing to remember is the more quotes you get, the better chance you’ll have of finding lower rates. Consumers could even find that the biggest savings come from a small local company. These companies may cover specific market segments cheaper compared to the large companies like Allstate, GEICO and Progressive.

Much more information about car insurance is available at the links below