Car insurance for Chevy Camaros

NiseriN/Getty Images
Bankrate Logo

Why you can trust Bankrate

While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . This content is powered by (NPN: 8781838). For more information, please see our

The Chevrolet Camaro has been part of the American car scene for decades and since its beginning, thousands have been purchased. With so many on the road, finding car insurance for Chevy Camaro sports cars may be a priority for many drivers. Car insurance rates for the Chevy Camaro range in price, depending on the amount of coverage you choose and other personal factors.

According to Bankrate’s review of rates from Quadrant Information Services, the average cost of car insurance in the U.S. is $1,674 annually for a full coverage policy. Chevy Camaro insurance may cost more or less than the national average, though factors such as your driving history, where you live, coverage selections and insured drivers could also impact the amount you pay in insurance.

Models included in this review

The Chevy Camaro is considered a sports car, which, depending on the driver, could increase the cost of the car insurance. There is both a coupe and a convertible option, which could each change the premium.

How much does it cost to insure a Chevy Camaro?

For perspective, the average cost of insurance in the U.S. is $1,674 per year for a full coverage policy. When it comes to premiums, multiple factors impact the amount you pay, including the make and model of the vehicle. The crash rate statistics, price of parts and safety features are a few examples of how the make and model could have a strong influence on the price:

  • Crash rate statistics: 2020 crash data from the Insurance Institute for Highway Safety (IIHS) shows the Chevy Camaro earns several “good” ratings — the highest grade available. The roof strength rating is noted as average, while the latch system earns a marginal evaluation. Crash data could impact how much a carrier charges, making it helpful that the Chevrolet Camaro earns good remarks overall.
  • Price of parts: The Chevy Camaro is built in the U.S., which means many parts do not rely on importation. This may also have an impact on the cost of insurance, since replacement parts can be more expensive if they are imported.
  • Safety features: The Chevy Camaro includes numerous standard safety features, including an airbag system and a teen driver profile to limit certain features for younger drivers. Many of these standard features could possibly mean additional discounts on premiums.

Car insurance for a Chevy: by model

Although rates are based on specific personal factors, it may be helpful to review average insurance rates for the Chevy Camaro for both minimum and full coverage options.

Car insurance for a Chevy Camaro

Almost every state legally requires a driver to carry minimum liability insurance. The table below shows how purchasing only minimum limits is generally the least expensive route, although insurance agents often recommend higher coverage amounts. A full coverage policy does typically cost more, but it also helps reduce how much you’d have to pay out of pocket in the event of an accident or damage to your Chevy Camaro.

Camaro car insurance Average annual premium
Minimum coverage $501
Full coverage $1,916

Cheapest car insurance companies for Chevys

Bankrate reviewed several quotes for car insurance rates for the Chevy Camaro based on the largest insurance carriers. The rates for this particular model are as varied as the insurance carriers themselves, highlighting how different the rates can be from one to another. In this particular instance, USAA and Amica provided the least expensive quotes on average. However, it is important to keep in mind that rates are based on various pieces of personal information, which could include a driver’s ZIP code, gender, age, marital status and driving history.

Average annual premium for full coverage by model

Car insurance company Chevy Camaro
Amica $1,410
Erie $1,504
Geico $1,656
State Farm $1,763
USAA $1,373

Chevy features that impact insurance costs

Because multiple standard and optional features are available, how much you pay for auto insurance for Chevy Camaro coupes or convertibles could vary based on:

  • Air bags: Enhanced safety equipment, such as air bags, may be one way to earn additional discounts on insurance premiums. Air bags are standard with the Chevrolet Camaro, with the system including both frontal and side impact and head-curtain air bags.
  • Blind zone alerts: The blind spot warning system and lane change alerts are also standard with the Chevy Camaro. These make a warning sound, immediately alerting you to another object or vehicle located within the blind spot.
  • Daytime running lamps: This standard feature is sometimes considered an enhanced safety add-on with carriers and may result in additional savings.

Other car insurance coverage for a Chevy Camaro

When selecting car insurance for a Chevy Camaro, there are a variety of options beyond minimum coverage. Some options add convenience if you find yourself without your vehicle, but others may cover significant medical expenses and lost income if you are involved in an accident.

  • Comprehensive coverage: This coverage provides payment towards repair or replacement if your vehicle is damaged from something other than a collision. For example, if the vehicle was damaged by theft, vandalism, weather-related events or hit by an animal.
  • Collision coverage: Collision coverage pays toward repairs or replaces a vehicle if it is damaged due to an at-fault accident. It could either pay for the needed repairs or pay the book value if the damage is enough for a total loss.
  • Uninsured/underinsured motorist coverage: Depending on the state you live in, uninsured/underinsured motorist coverage (UM/UIM) may either be optional or mandated. This coverage could pay if your Chevrolet Camaro is involved in a hit-and-run accident or involved in an accident with someone who does not carry any insurance or enough coverage.
  • Personal injury protection (PIP): Like UM/UIM coverage, PIP is mandated in some states and optional in others. This coverage pays for medical expenses, lost wages and funeral expenses related to an accident regardless of fault. This coverage applies to both you and your passengers.
  • Roadside assistance: This extra coverage provides assistance if you find your vehicle inoperable due to issues like lack of fuel, a dead battery or flat tire. It’s possible roadside assistance is included in the purchase of a new vehicle, but if not, consider adding this for emergency situations.
  • Gap insurance: If your vehicle is totaled as a result of an accident and the payout is less than the amount you still owe on the loan, then this coverage pays the difference. Most lenders require this coverage if you finance a vehicle.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Chevy of the following model types, commute five days a week and drive 12,000 miles annually:

  • Chevy Camaro

These are sample rates and should only be used for comparative purposes.

Written by
Sara Coleman
Insurance Contributor
Sara Coleman has three years of experience in writing for insurance domains such as Bankrate, The Simple Dollar,, and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability.
Edited by
Insurance Editor