Chevy Camaro Insurance Quotes in Tampa

Insurance for Chevy CamaroIt takes a little time, but the best way to save money on car insurance rates in Tampa is to compare prices regularly from providers in Florida. Rate comparisons can be done by following these guidelines.

One tip to remember is to use identical deductibles and limits on every quote and and to get prices from every insurance company. This provides an apples-to-apples comparison and plenty of rates choose from.

We don’t have to tell you that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who compare price quotes are likely to switch companies because there is a good probability of finding discount prices. A recent survey found that drivers who routinely shopped for cheaper coverage saved over $3,500 over four years compared to those who didn’t regularly shop around.

If finding the cheapest price for insurance is your ultimate goal, then having some insight into how to shop for insurance coverage can save time, money, and frustration.

If you have a current auto insurance policy or just want cheaper coverage, take advantage of these tips to buy cheaper auto insurance and still have adequate protection. This article’s intent is to introduce you to how to compare rates easily and how you can save the most money. You just need to learn the most efficient way to shop their coverage around instantly.

Chevy Camaro insurance discounts in Tampa

Companies that sell car insurance don’t list every available discount very clearly, so the list below contains some of the more common as well as some of the hidden credits available to lower your premiums when you buy Tampa auto insurance online.

You can save money using discounts, but most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like liability, collision or medical payments. So when the math indicates it’s possible to get free car insurance, it’s just not the way it works.

The example below compares Chevy Camaro car insurance costs with and without discounts applied to the policy rates. The data assumes a male driver, no accidents or driving violations, Florida state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, claim-free, safe-driver, multi-policy, and homeowner discounts applied.

Some of the insurance companies that may have these benefits possibly include:

Before buying, ask each company how many discounts you can get. Some discounts may not be available in every state. To choose insurance companies that have a full spectrum of discounts in Tampa, follow this link.

Finding a better price on auto insurance is an easy way to save money. Just take a couple of minutes comparing rates online with multiple companies.

The providers in the list below are our best choices to provide comparison quotes in Florida. If your goal is to find the best car insurance in Florida, it’s a good idea that you click on several of them to find the most competitive car insurance rates.

Insurance coverage analysis

The table shown below showcases estimates of insurance coverage prices for Chevy Camaro models. Having knowledge of how premiums are calculated helps drivers make decisions on the best policy coverages.

Chevrolet Camaro Insurance Rates in Tampa, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $194 $394 $472 $28 $142 $1,230 $103
Camaro LT $194 $394 $472 $28 $142 $1,230 $103
Camaro SS $216 $454 $472 $28 $142 $1,312 $109
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Information does not factor in vehicle garaging location which can lower or raise auto insurance rates noticeably.

Physical damage deductibles

When shopping for car insurance, a common question is how high or low should comp and collision deductibles be. The tables below may help you to understand the costs and benefits when you select higher and lower physical damage coverage deductibles. The first set of prices uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.

Chevrolet Camaro insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $364 $640 $418 $24 $124 $1,595 $133
Camaro LT $364 $640 $418 $24 $124 $1,595 $133
Camaro SS $406 $736 $418 $24 $124 $1,733 $144
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Chevrolet Camaro insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $224 $402 $418 $24 $124 $1,192 $99
Camaro LT $224 $402 $418 $24 $124 $1,192 $99
Camaro SS $250 $464 $418 $24 $124 $1,280 $107
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Premium costs do not factor in specific garaging location which can impact coverage prices substantially.

Based on these figures, using a $250 deductible would cost the average driver about $35 more each month or $420 annually across all Chevrolet Camaro models than buying 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 average at least 21 months between claims, you would probably be better off going with the higher deductible.

How to determine when to raise deductibles

Average monthly premium for $250 deductibles: $137
Average monthly premium for $1,000 deductibles (subtract): – $102
Monthly savings from raising deductible: $35
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $35
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important caveat is that increasing deductibles to save money results in a higher out-of-pocket expense when you have a claim. That will necessitate enough money stashed away in the event you have to pay the deductible.

How accidents and tickets impact rates

The diagram below demonstrates how traffic citations and at-fault claims can increase Chevy Camaro insurance rates for each age group. The price estimates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

Car insurance premiums based on gender

The chart below illustrates the comparison of Chevy Camaro insurance rates for male and female drivers. The price estimates are based on no violations or claims, comp and collision included, $100 deductibles, single marital status, and no discounts are factored in.

Cost comparison with and without full coverage

The illustration below shows the difference between Chevy Camaro auto insurance costs when comparing full coverage to liability only. The rate quotes are based on no claims or violations, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no set rule of when to eliminate physical damage coverage, but there is a general convention. If the annual cost of having full coverage is more than around 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Chevy Camaro replacement cost is $6,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $5,000 after paying your policy deductible. If you are currently paying more than $500 a year to have full coverage, then it might be time to consider dropping full coverage.

There are some cases where only buying liability is not financially feasible. If you still owe a portion of the original loan, you have to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not consider dropping full coverage.

Do I just need basic coverages?

Always remember that when buying your policy, there really isn’t a perfect coverage plan. Everyone’s situation is unique.

Here are some questions about coverages that might point out if your situation could use an agent’s help.

If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form. It only takes a few minutes and may give you better protection.

When to talk to an agent

Some consumers still prefer to go talk to an agent and there is nothing wrong with that. Professional agents can help you build your policy and will help you if you have claims. A nice benefit of getting free rate quotes online is that you can obtain cheap rate quotes and still choose a local agent.

Insurance agency in TampaAfter completing this quick form, your insurance coverage information is sent to insurance agents in Tampa that can provide free Tampa auto insurance quotes and help you find cheaper coverage. You won’t need to search for any insurance agencies as quotes are delivered to you instantly. If you wish to compare rates from a specific insurance company, feel free to find their quoting web page and fill out the quote form the provide.

Finding the right insurer is decision based upon more than just a cheap price quote. Some important questions to ask are:

Exclusive agents vs. Independent agents

If you’re trying to find an insurance agent, there are a couple of types of agencies and how they work. Auto insurance policy providers may be either independent agents or exclusive agents. Either one can insure your vehicles, but it is a good idea to know the subtle differences because it can influence which type of agent you select.

Exclusive Insurance Agents

These agents write business for a single company and some examples include Allstate, State Farm and Farm Bureau. These agents are not able to place coverage with different providers so keep that in mind. Exclusive agents are usually well trained on their company’s products and that allows them to sell at a higher price point. Many people buy from exclusive agents mostly because of the brand legacy and the convenience of having all coverages with one company.

Shown below is a list of exclusive insurance agents in Tampa who may provide you with comparison quotes.

More Tampa agents

Independent Agents (or Brokers)

Agents in the independent channel are normally appointed by many insurers and that allows them to write policies with lots of companies and find the cheapest auto insurance rates. If your premiums go up, they simply move your policy to a different company and that require little work on your part. If you are comparing rate quotes, you should always include price quotes from at a minimum one independent agency to get the most accurate price comparison. A lot of them also have access to additional companies that you may not be familiar with that may have much lower rates than larger companies.

Below are independent insurance agents in Tampa that are able to give comparison quotes.

More Tampa agents

Upon getting good answers to any questions you have and cheaper Camaro insurance quotes, most likely you have located an insurance agent that is professional and can insure your vehicles.

Car insurance just makes sense

Despite the potentially high cost of Chevy Camaro insurance, maintaining insurance is mandatory in Florida but it also protects more than you think.

The benefits of carrying enough insurance greatly outweigh the cost, especially if you ever need it. The average driver in America is overpaying over $830 a year so it’s recommended you shop around once a year at a minimum to be sure current rates are still competitive.

Information about specific coverages

Having a good grasp of a auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be difficult to understand and coverage can change by endorsement.

Comprehensive coverage

This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like rock chips in glass, a broken windshield, vandalism, falling objects and theft. The most you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision protection

Collision insurance covers damage to your Camaro from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sustaining damage from a pot hole, rolling your car and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Another option is to raise the deductible on your Camaro to bring the cost down.

Uninsured/Underinsured Motorist coverage

This protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Chevy Camaro.

Since a lot of drivers only purchase the least amount of liability that is required (Florida limits are 10/20/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like surgery, ambulance fees, doctor visits and rehabilitation expenses. They are often used to fill the gap from your health insurance program or if you do not have health coverage. It covers you and your occupants as well as being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage

Liability auto insurance

This provides protection from damage or injury you incur to other people or property that is your fault. It protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 10/20/10 that translate to a limit of $10,000 per injured person, a limit of $20,000 in injury protection per accident, and a limit of $10,000 paid for damaged property.

Liability coverage protects against things like repair costs for stationary objects, funeral expenses, bail bonds and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford. Florida state minimum liability requirements are 10/20/10 but you should think about purchasing better liability coverage.

The chart below shows why low liability limits may not be adequate.

A conclusion for your insurance search

People change insurance companies for a variety of reasons including policy cancellation, poor customer service, denial of a claim or even high prices. Whatever your reason, switching companies is less work than it seems.

Some insurance companies may not have internet price quotes and these smaller providers provide coverage only through local independent agents. Cheaper Chevy Camaro insurance in Tampa can be sourced online as well as from independent agents in Tampa, so you need to compare both to have the best rate selection.

When buying insurance coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped liability limits or collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.

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