How Much Is Insurance for a Camaro?

Are you thinking of purchasing a new Chevy Camaro in the Escondido area? This is a performance car, so you may be wondering, “How much is insurance for a Camaro?” The average insurance cost for Camaro owners at the time of writing this post is $206.06 per month, which amounts to $2,472.72 per year*. That said, premiums are likely to be different for you based on your policy, location, driving history, and other factors. Read below for more information on Camaro insurance before you take the plunge!

Minimum Liability Coverage in California

In California, drivers must carry the following minimum liability coverage amounts:

• Bodily Injury for One Person: $15,000
• Bodily Injury for All Injuries: $30,000
• Property Damage: $5,000

Camaro Insurance: How to Compare Products & Services

Whether you’re from Oceanside or Poway, shopping around for Camaro insurance is smart. Consider these tips before settling on a plan:

• Cost & Deductible: Policies will be different for each insurance company. When getting quotes, take care to provide identical information for each one. Choose the premium and deductible that best suits your monthly budget.
• Minimum Coverage: Review the California liability minimums above to ensure you’re getting proper coverage.
• Optional Insurance: Optional plans like uninsured motorist protection and personal injury protection may be good for some drivers.
• Policy Add-Ons: Some policies might have extra options, like roadside assistance and accident forgiveness.
• Policy Restrictions: Ask about policy restrictions to avoid coverage issues in the future.
• Warranty: Often, warranty plans and auto insurance coverage overlap. So, study your warranty vs. insurance policy to see where you might be able to opt out of certain things.

What Affects Camaro Insurance Rates?

Numerous factors affect the rates you’ll get from insurance companies. The primary determiner is the likelihood of you filing a claim and the costs associated with it. The type of car you drive affects your premium as well, even if you boast a spotless driving record. That said, how do insurance companies view the Chevy Camaro?

• Car Type: Insurance companies qualify the Chevy Camaro as a muscle car or “pony car.”
• Likelihood of Theft: Muscle cars get stolen less frequently than sedans and pickups.
• Repair Costs: According to Edmunds True Cost to Own, the average repair and maintenance costs for a 2024 Chevy Camaro in Escondido, CA, is about $8,777 over five years.
• Safety Ratings: The 2024 Chevy Camaro earned a 5-star overall safety rating from the NHTSA.
• Fuel: As a gas-powered car, Chevy Camaro insurance would be cheaper than insurance for a hybrid, electric, or diesel vehicle.
• Feature Options: A higher-level Camaro trim like the ZL1 will cost more to insure than a more entry-level trim like the 1LT or 2LT.

What’s the bottom line? Camaro insurance will cost more than insurance for economy cars due to its wide range of high-end feature options. But, the five-star safety rating, gasoline fuel type, and low theft rates can help keep the cost affordable.

Learn More from Our Finance Team!

We hope you’ve gained more insight into how much insurance is for a Camaro when it’s owned by someone in your area. If you’re looking for more car-buying tips, we have plenty to offer! You can always contact us online, call us at (760) 871-4005, or stop by our dealership to begin a conversation with a friendly associate from our team.