Cheap Chevy Camaro Insurance in Lexington

Unbelievably, a large majority of drivers have been with the same company for over three years, and 38% of customers have never even compared quotes to find lower-cost rates. The average driver in Lexington can cut their rates by roughly 30% a year just by getting comparison quotes, but they won’t spend time to compare rates and save money.

The preferred way to find lower priced Chevy Camaro insurance is to compare prices annually from insurance carriers who provide auto insurance in Lexington.

First, try to learn about policy coverages and the changes you can make to prevent rate increases. Many things that increase rates such as at-fault accidents, careless driving, and a negative credit rating can be rectified by making minor driving habit or lifestyle changes. Later in this article we will cover tips to find cheap prices and find additional discounts.

Second, request rate estimates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of companies. View a list of agents

Third, compare the new rates to the premium of your current policy to see if a cheaper price is available. If you find a lower rate quote and decide to switch, make sure there is no lapse in coverage.

A good tip to remember is to try to use similar deductibles and liability limits on each quote and and to get rates from every insurance company. This provides the most accurate price comparison and maximum price selection.

The quickest way to compare rate quotes for Chevy Camaro insurance in Lexington is to know the fact car insurance companies have advanced systems to compare their rates. The only thing you need to do is give them rating details including whether the vehicles are used for commuting, if a SR-22 is needed, your credit rating estimate, and if your license is active. The data gets transmitted to multiple different insurance companies and you receive quotes very quickly.

To start a rate quote now, click here and find out if lower rates are available in Lexington.

The providers in the list below can provide comparison quotes in Lexington, KY. If you wish to find cheap car insurance in KY, we suggest you visit as many as you can in order to find the lowest rates.

Rates and information analytics

The information displayed below showcases different insurance rates for Chevy Camaro models. Having a good understanding how policy rates are calculated is important for making informed decisions when shopping around for a new policy.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in specific garaging location which can affect coverage rates noticeably.

Higher deductibles save money

One common question asked by Lexington drivers is the level to set your comp and collision deductibles. The premium rates below may aid in understanding the rate differences between low and high insurance deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second pricing table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Rate information does not factor in vehicle garaging location which can alter coverage rates considerably.

Based on the data above, we can derive that using a $100 deductible costs an average of $27 more each month or $324 for a full year across all Chevrolet Camaro models than selecting the higher $500 deductible. Because you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you tend to average at least 15 months between claims, you would probably come out ahead by selecting a higher deductible.

Auto insurance rates are higher with tickets and accidents

The illustration below shows how traffic citations and accidents can increase Chevy Camaro insurance premiums for different categories of driver ages. The premiums are based on a married female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

Chevrolet Camaro full coverage rates compared to liability only

The information below illustrates the difference between Chevy Camaro car insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no violations or claims, $1,000 deductibles, drivers are not married, and no discounts are applied.

When to eliminate full coverage

There is no definitive guideline to stop paying for full coverage, but there is a guideline you can consider. If the annual cost of coverage is more than about 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Chevy Camaro book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $7,000 after paying your deductible. If it’s costing you more than $700 annually to have full coverage, then it may be the right time to buy liability only.

There are some cases where dropping full coverage is not recommended. If you still have a loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not consider dropping full coverage.

You Can Change Your Insurance Premiums

Lots of things are used when pricing auto insurance. A few of the factors are predictable like an MVR report, but other criteria are more transparent like where you live or your commute time.

The following are some of the factors used by companies to determine your premiums.

• You may save more by bundling policies – Most insurance companies will award better rates to customers who have multiple policies with them, otherwise known as a multi-policy discount. The discount can be anywhere from five to ten percent in most cases. Even if you already get this discount, drivers will still want to check prices from other companies to confirm you are receiving the best rates possible.

• Gender matters – Over time, data shows that females take fewer risks when driving. The data does not necessarily mean that women are BETTER drivers than men. They both are responsible for fender benders at about the same rate, but the men tend to have higher claims. Not only are claims higher, but men get cited for more serious violations like DUI and reckless driving.

  The chart below compares Chevy Camaro annual premium costs for male and female drivers. The rates are based on a clean driving record, no claims, full coverage, $500 deductibles, drivers are not married, and no other discounts are factored in.

• Don’t buy extra coverages you don’t use – There are many extra add-on coverages that you can buy but may not be useful. Things like rental car reimbursement, accidental death, and additional equipment coverage are some examples. They may seem like a good idea when talking to your agent, but if you don’t need them consider taking them off your policy.
• Cars with good safety ratings save money – Vehicles with good safety scores tend to be cheaper to insure. Highly rated vehicles have better occupant injury protection and lower injury rates means lower claim amounts and more competitive rates for policyholders.

• More performance means higher premiums – The make and model of the car you are trying to find cheaper insurance for makes a big difference in your car insurance bill. The cheapest insurance rates are for small economy passenger models, but that’s not the only thing that factors into the final price.

  The next chart assumes a married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. It illustrates Chevrolet Camaro car insurance rates compared to other models of vehicles that have different performances.

• Optional features impact insurance rates – Buying a car with a theft deterrent system can save you some money. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent auto theft and help lower rates.
• Improve your credit rating – Having a bad credit score is likely to be a major factor in determining what you pay. If your credit history is low, you could be paying less to insure your Chevrolet Camaro by improving your rating. Consumers who have excellent credit scores tend to file fewer claims and have better driving records than drivers with worse credit.
• File claims and pay more – Insurance companies in Kentucky provide cheaper rates to drivers that do not abuse their auto insurance. If you file claims often, you can look forward to either policy cancellation or increased premiums. Your car insurance is intended to be relied upon for claims that pose a financial burden.

• Claims statistics for a Chevy Camaro – Companies analyze claim trends for every vehicle to calculate a price that offsets possible losses. Vehicles that the data determines to have higher claim frequency or loss amount will cost more for specific coverages.

  The data below shows the actual insurance loss data for Chevy Camaro vehicles. For each type of coverage, the loss probability for all vehicles, regardless of make, model or trim level, is considered to be 100. Numbers shown that are under 100 suggest a positive loss record, while values over 100 point to more claims or tendency to have larger claims.

  
  

  Insurance Loss Ratings for Chevrolet Camaro Vehicles

  Make and 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
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Three good reasons to insure your Chevy Camaro

Even though it’s not necessarily cheap to insure a Chevy in Lexington, maintaining insurance may be mandatory for several reasons.

• Almost all states have minimum liability requirements which means you are required to carry a specific level of liability insurance coverage if you drive a vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you took out a loan on your Chevy, it’s most likely the lender will make it mandatory that you have full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender may insure your Chevy for a lot more money and force you to pay much more than you were paying before.
• Auto insurance protects your vehicle and your assets. It will also pay for medical transport and hospital expenses that are the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your Chevy gets damaged, your auto insurance policy will cover the damage repairs after a deductible is paid.

The benefits of carrying adequate insurance outweigh the cost, especially for larger claims. Today the average American driver is wasting up to $830 a year so it’s important to compare rates at every policy renewal to ensure rates are competitive.

Best auto insurance in Kentucky

Picking the right insurance company can be challenging considering how many choices there are in Kentucky. The company ratings in the lists below could help you pick which providers to look at comparing rates from.

Top 10 Lexington Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. Erie Insurance
8. The General
9. Esurance
10. 21st Century

Top 10 Lexington Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%