Lower Your 1996 Chevrolet Camaro Insurance Rates

Searching for the cheapest insurance rates? Consumers have many options when looking for affordable Chevy Camaro insurance. You can either waste hours struggling with agents getting price quotes or utilize the internet to compare rates. There is a right way and a wrong way to buy insurance so you’re going to learn the best way to price shop coverage on a Chevy and obtain the cheapest rates.

Take policy discounts and save

Companies offering auto insurance don’t necessarily list the entire discount list in an easy-to-find place, so the list below gives a summary of some of the best known and the harder-to-find discounts that you may qualify for.

• Buy New and Save – Adding a new car to your policy can get you a discount compared to insuring an older model.
• College Student Discount – Youth drivers who are attending college and do not take a car to college may be insured at a cheaper rate.
• Theft Prevention System – Cars with anti-theft systems have a lower chance of being stolen and will qualify for a discount on a insurance coverage quote.
• Auto/Life Discount – If the company offers life insurance, you could get a small discount if you purchase auto and life insurance together.
• Seat Belt Usage – Buckling up and requiring all passengers to buckle their seat belts can save up to 10 percent (depending on the company) on medical payment and PIP coverage.
• Student Driver Training – Cut your cost by having your teen driver enroll and complete driver’s education in school or through a local driver safety program.
• Own a Home – Just owning your own home may trigger a policy discount on car insurance because of the fact that having a home demonstrates responsibility.
• 55 and Retired – Older drivers may be able to get a small decrease in premiums on Camaro insurance.
• Military Rewards – Being on active deployment in the military could be rewarded with lower rates.

Remember that many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount will reduce the cost of your policy.

To see a list of companies that can offer you the previously mentioned discounts, click here.

Reduce insurance rates with these tips

Lots of things are considered when pricing auto insurance. Some factors are common sense such as traffic violations, although others are more transparent like where you live or how safe your car is.

The itemized list below are some of the most common factors used by companies to determine your rate level.

• Gals tend to take less risk – Over the last 50 years, statistics have shown women are more cautious behind the wheel. However, don’t assume that men are worse drivers. They both cause auto accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. They also get ticketed for serious violations like reckless driving and DUI.
• Insurance rates and age – Mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents , and usually have better credit.Beginning drivers are statistically shown to be careless and easily distracted when driving therefore insurance rates are much higher.
• How many miles do you drive? – The more you drive your Chevy in a year the higher the price you pay to insure it. A lot of insurance companies rate vehicles partially by how you use the vehicle. Cars not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Make sure your vehicle rating shows annual mileage. Improper usage on your Camaro is just wasting money.
• Your spouse saves you money – Being married may save some money on your policy. Having a spouse may mean you are more responsible it has been statistically shown that married couples file fewer claims.
• Cautious drivers pay better prices – How you drive impacts your car insurance rates tremendously. Drivers who don’t get tickets tend to pay less for car insurance compared to bad drivers. Getting just one moving violation could increase your next policy renewal twenty percent or more. Drivers who have received multiple citations like DWI, reckless driving or hit and run convictions may face state-mandated requirements to prove financial responsibility with their state’s department of motor vehicles in order to legally drive a vehicle.
• Cut insurance rates and deter theft – Selecting a car model with a theft deterrent system can save you a little every year. Anti-theft devices such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all help stop auto theft.
• Pay more out-of-pocket – Physical damage insurance, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some coverage claims are a dented fender, damage from fire, and windstorm damage. Physical damage deductibles are the amount of money you are required to spend if a covered claim is submitted. The more the insured is willing to pay, the lower your rates will be on Camaro insurance.

Which policy gives me the best coverage?

When it comes to buying proper insurance coverage, there is no “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions can help discover if your situation will benefit from professional help.

• Should I rate my 1996 Chevy Camaro as pleasure use or commute?
• Will I be non-renewed for getting a DUI or other conviction?
• Can I pay claims out-of-pocket if I buy high deductibles?
• Can I afford low physical damage deductibles?
• Do I pay less if my vehicle is kept in my garage?
• Can I rate high risk drivers on liability-only vehicles?
• Is my nanny covered when driving my vehicle?
• Is business equipment covered while in my vehicle?
• Does my car insurance cover rental cars?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It is quick, free and can help protect your family.

Auto insurance myths debunked

Consumers can’t ignore all the ads for cheaper auto insurance from companies such as Allstate and Progressive. All the companies advertise the message about how much you will save if you move your auto insurance coverage to their company.

How is it plausible that every one can have lower policy pricing? You have to listen carefully.

All companies look for specific characteristics for the type of customer that makes them money. For example, this type of driver could possibly be between the ages of 30 and 45, has never had a policy lapse, and has a high credit rating. Anyone who matches that profile will probably get cheap rates and will most likely save a lot of money.

Potential insureds who fall short of this ideal profile may be required to pay more expensive rates and this results in the customer not purchasing. If you listen to the ad wording, they say “people that switch” not “everyone that quotes” save that much money. This is how companies can truthfully advertise the savings. Because of this risk profiling, you need to get a wide range of price quotes. It is just not possible to predict which auto insurance company will be your best fit.

Coverage specifics

Understanding the coverages of a car insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement.

Collision coverages – This pays for damage to your Camaro resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against things such as colliding with another moving vehicle, damaging your car on a curb, backing into a parked car, scraping a guard rail and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible to bring the cost down.

Comprehensive coverage – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as theft, hail damage and vandalism. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for liability – This coverage will cover damages or injuries you inflict on other people or property. It protects you against other people’s claims, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 which means a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against claims like pain and suffering, legal defense fees and structural damage. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible.

Medical payments coverage and PIP – Med pay and PIP coverage kick in for expenses for things like prosthetic devices, dental work, chiropractic care and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Chevy Camaro.

Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important.

Make a quick buck

Some insurance providers may not offer rates over the internet and these small insurance companies work with local independent agents. Cheap 1996 Chevy Camaro insurance can be sourced from both online companies as well as from independent agents, so you need to compare both to have the best rate selection.

As you shop your coverage around, you should never buy less coverage just to save a little money. Too many times, drivers have reduced liability limits or collision coverage to discover at claim time that the savings was not a smart move. Your goal is to get the best coverage possible at the best cost, but do not sacrifice coverage to save money.

We’ve covered a lot of techniques to lower your 1996 Chevy Camaro insurance rates. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may be surprised to find that the biggest savings come from a small mutual company.

More detailed car insurance information can be found in the articles below:

• Information for Teen Drivers (Geico)
• Side Impact Crash Tests (iihs.org)
• Credit and Insurance Scores (Insurance Information Insitute)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Understanding your Policy (NAIC.org)
• Driving in Bad Weather (Insurance Information Insitute)