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.

Insurance quote for Chevy Camaro in LexingtonThe 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.

Chevrolet Camaro Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $222 $456 $424 $26 $128 $1,256 $105
Camaro LT $222 $456 $424 $26 $128 $1,256 $105
Camaro SS $248 $526 $424 $26 $128 $1,352 $113
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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.

Chevrolet Camaro insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $318 $598 $326 $20 $98 $1,385 $115
Camaro LT $318 $598 $326 $20 $98 $1,385 $115
Camaro SS $354 $688 $326 $20 $98 $1,511 $126
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Chevrolet Camaro insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $232 $404 $326 $20 $98 $1,080 $90
Camaro LT $232 $404 $326 $20 $98 $1,080 $90
Camaro SS $258 $466 $326 $20 $98 $1,168 $97
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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.

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.

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%