What Affects Camaro Insurance Rates?
Car insurance companies look at several factors when determining what your premium will be. The main factor that affects cost is the chance of you filing a claim as well as the associated costs. You may have an unblemished driving record, but the type of vehicle you drive could still play a role in what you pay. 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.
- Repair Costs: According to Edmunds True Cost to Own, the 2018 Chevy Camaro's average maintenance and repair costs for Holly Springs drivers are about $5,131 over a 5-year period.
- Likelihood of Theft: High-performance two-door coupes like the Camaro are not stolen quite as often as other types of vehicles.
- Safety Ratings: The 2019 Chevy Camaro earned a 5-star overall safety rating from the NHTSA.
- Fuel: The Camaro is gas-powered, so insurance is less costly than it would be if you opted for a hybrid, EV, or diesel-powered vehicle.
- Feature Options: If you select a higher trim like the ZL1 instead of a lower trim like the 1LS or 3LT, you could end up paying more to insure all of those extras.
Because it's a sports car with a variety of feature options, the cost of Camaro insurance will be higher than it would be for your average economy car. However, its high safety scores, low repair costs, low theft rate, and type of fuel help to keep down the cost.