Compare Chevy Camaro Insurance Rates in Virginia Beach

Want to save money and find cheaper insurance rates in Virginia Beach, VA? Virginia Beach buyers have many options when searching for the lowest priced Chevy Camaro insurance. They can either spend hours contacting agents to get rate comparisons or utilize the internet to compare rates.

There are both good and bad ways to find insurance online so we’re going to tell you the quickest way to compare rates on a Chevy and obtain the lowest price either online or from Virginia Beach insurance agents.

If you have a current auto insurance policy or want to find a cheaper company, take advantage of these tips to cut your premiums without having to cut coverage. Our goal is to help educate you on the best way to quote coverages and some tips to save money. Smart shoppers just need to know the quickest method to shop for auto insurance using one simple form.

The following companies are our best choices to provide free quotes in Virginia Beach, VA. To locate the cheapest auto insurance in Virginia Beach, we suggest you visit several of them to get a more complete price comparison.

Facts and figures for Chevy Camaro insurance

The premium information displayed below covers a range of policy rates for Chevy Camaro models. Being more informed about how auto insurance prices are determined can help you make smart choices when purchasing an insurance policy.

Prices above based on married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in specific garaging location which can influence auto insurance rates significantly.

Deductible analysis

The hardest decision when buying coverage is how high should the physical damage deductibles be. The following insurance rates show the cost difference when you choose different insurance deductibles. The first set of prices uses a $250 deductible for comp and collision and the second set of prices uses a $1,000 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in garaging location in Virginia Beach which can modify rates significantly.

Based on the data above, we can derive that using a $250 deductible will cost in the ballpark of $22 more each month or $264 annually averaged for all Camaro models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at least 34 months between claim filings, you would probably save some money if you choose a higher deductible.

The chart below illustrates how choosing a deductible and can increase or decrease Chevy Camaro insurance rates for different age groups of insureds. The information is based on a single female driver, comp and collision included, and no discounts are applied.

Chevrolet Camaro insurance costs by gender and age in Virginia Beach

The information below visualizes the comparison of Chevy Camaro insurance prices for male and female drivers. The rate quotes are based on no violations or claims, full physical damage coverage, $500 deductibles, single marital status, and no discounts are taken into consideration.

Cost comparison with and without full coverage

The diagram below visualizes the comparison of Chevy Camaro insurance costs with full coverage compared to only the Virginia minimum liability coverage. The premiums are based on no violations or accidents, $100 deductibles, single marital status, and no discounts are factored in.

Deciding between full coverage and liability only

There is no definitive guideline that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s say your Chevy Camaro replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after paying your deductible. If you are paying in excess of $700 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some situations where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Protect more than your Chevy Camaro

Despite the potentially high cost of Chevy Camaro insurance, car insurance is required in Virginia but also provides important benefits.

• Just about all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to license the vehicle. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you took out a loan on your Chevy Camaro, almost all lenders will require you to buy full coverage to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Chevy for a lot more money and force you to pay much more than you were paying before.
• Insurance safeguards not only your vehicle but also your assets. It will also pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.

The benefits of having car insurance definitely exceed the price paid, particularly when you have a large claim. Today the average American driver is currently overpaying as much as $869 every year so compare rate quotes at every renewal to be sure current rates are still competitive.

Five factors that influence insurance rates

Lots of factors are considered when you get your auto insurance bill. A few of the factors are predictable like your driving record, but other criteria are not as apparent such as whether you are married or how safe your car is. It’s important that you understand the factors that help calculate the rates you pay for auto insurance. If you know what positively or negatively impacts your premiums, this enables informed choices that may result in big savings.

• Premiums are high for teenagers – Drivers with little experience tend to be inattentive and easily distracted with other occupants in the car so auto insurance rates are higher. Having to add a young driver onto your auto insurance will cause a huge premium hike. More mature drivers are proven to be safer behind the wheel, tend to cause fewer accidents, and usually have better credit.

  The next chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

• Being married can lower costs – Having a spouse can actually save you money compared to being single. It usually means you are more financially stable and statistics prove married drivers tend to file fewer claims.
• Rural areas have lower rates – Residing in areas with lower population may provide you with better prices when trying to find low car insurance rates. People who live in big cities have more traffic problems and longer commute times. Fewer drivers translates into fewer accidents as well as less vandalism and auto theft.
• Do you really need roadside assistance? – There are many additional coverages you can purchase if you aren’t careful. Things like coverage for rental cars, accidental death, and Farm Bureau memberships may be wasting your money. These coverages may sound good initially, but your money might be better spent on other coverage so remove them and pocket the money.
• Poor credit can mean higher prices – A driver’s credit rating will be a significant factor in calculating your premium rate. If your credit score leaves room for improvement, you could be paying less to insure your Chevrolet Camaro by improving your rating. Consumers who have high credit scores tend to file fewer claims as compared to drivers with worse credit.

• Chevy Camaro historical loss data – Car insurance companies take into consideration historical loss data for every vehicle when they set coverage costs for each model. Models that the data shows to have higher number or severity of losses will cost more for coverage. The next table shows the compiled insurance loss statistics for Chevy Camaro vehicles.

  For each policy coverage type, the statistical loss for all vehicles averaged together equals 100. Values below 100 mean the vehicle has better than average losses, while numbers above 100 point to more claims or an increased chance of a larger loss.

  
  

  Chevrolet Camaro Insurance Loss Statistics

  Specific Chevrolet Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Chevrolet Camaro 2dr	139	118	123	123	130	127
  Chevrolet Camaro Convertible	92	85	107	85	95	103
  Chevrolet Camaro ZL1 2dr	222	80	174
  Chevrolet Camaro ZL1 Convertible	111		113

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics from IIHS.org for 2013-2015 Model Years

Don’t assume everyone needs the same auto insurance coverage

When it comes to your policy, there really is no one-size-fits-all type of policy. Everyone’s situation is a little different and your policy should reflect that.
Here are some questions about coverages that can aid in determining whether your personal situation might need an agent’s assistance.

• Do I have coverage for damage caused while driving under the influence?
• What happens if I owe more than my Chevy Camaro is worth?
• Do I benefit by insuring my home with the same company?
• What is an SR-22 filing?
• Exactly who is provided coverage by my policy?
• Why am I be forced to buy a membership to get insurance from some companies?
• What is the difference between personal and commercial auto insurance policies?
• Does my Chevy Camaro need full coverage?
• Is pet coverage available?
• Do I need rental car coverage?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.

Be persistent to save money

In this article, we covered a lot of ways to compare Chevy Camaro insurance car insurance rates in Virginia Beach. It’s most important to understand that the more providers you compare, the better your comparison will be. You may even be surprised to find that the best car insurance rates are with the smaller companies. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Allstate and Progressive.

Budget-conscious Chevy Camaro insurance can be purchased online in addition to local insurance agencies, so you need to quote Virginia Beach car insurance with both in order to have the best price selection to choose from. There are still a few companies who don’t offer online quoting and usually these small insurance companies only sell through independent agents.

How to buy low-cost Chevy Camaro insurance in Virginia Beach

If you want to find the absolute lowest rates, then the best way to find more affordable Chevy Camaro insurance in Virginia Beach is to compare prices annually from companies in Virginia. You can shop around by following these steps.

1. Spend a few minutes and learn about how car insurance works and the steps you can take to drop your rates. Many policy risk factors that result in higher rates such as at-fault accidents, speeding tickets, and a substandard credit history can be improved by making minor driving habit or lifestyle changes.
2. Request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like Progressive and State Farm, while independent agencies can provide price quotes from many different companies. View companies
3. Compare the new rates to your existing coverage to see if switching to a new carrier will save money. If you find better rates and make a switch, ensure there is no coverage lapse between policies.

The key aspect of shopping around is that you’ll want to compare identical deductibles and limits on every price quote and and to get price quotes from as many companies as feasibly possible. Doing this guarantees the most accurate price comparison and many rates to choose from.

To read more, take a look at the resources below:

• Distracted Driving (Insurance Information Institute)
• Who Has Affordable Car Insurance with Multiple Speeding Tickets in Virginia Beach? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Nissan Altima in Virginia Beach? (FAQ)
• Who Has Affordable Auto Insurance Quotes for a Jeep Grand Cherokee in Virginia Beach? (FAQ)
• When is the Right Time to Switch Car Insurance Companies? (Allstate)
• State Car Insurance Guides (GEICO)