Locating better insurance prices for a Chevy Camaro in Florida can normally be a lot of work, but you can use these tips to find lower rates. There is a better way to buy insurance so you’re going to learn the quickest way to get price quotes for a Chevy and get the best price possible from Miami insurance agents and online providers.
Companies offering affordable Chevy Camaro rate quotes in Miami, FL
The companies shown below provide quotes in Florida. If multiple companies are listed, it’s highly recommended you visit as many as you can to find the cheapest car insurance rates.
Chevy Camaro insurance coverage information
The premium information shown below covers different prices for Chevy Camaro models. Having a good understanding how auto insurance policy rates are established can help you make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camaro LS | $230 | $438 | $400 | $24 | $120 | $1,212 | $101 |
| Camaro LT | $230 | $438 | $400 | $24 | $120 | $1,212 | $101 |
| Camaro SS | $256 | $506 | $400 | $24 | $120 | $1,306 | $109 |
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in specific location which can change auto insurance rates greatly.
Raise deductibles and save
The hardest decision when buying coverage is how high should your deductibles be. The rates below sum up the premium difference of buying low and high insurance deductibles. The first table uses a $100 deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camaro LS | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Camaro LT | $406 | $764 | $418 | $24 | $124 | $1,761 | $147 |
| Camaro SS | $452 | $880 | $418 | $24 | $124 | $1,923 | $160 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camaro LS | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| Camaro LT | $296 | $516 | $418 | $24 | $124 | $1,378 | $115 |
| Camaro SS | $330 | $594 | $418 | $24 | $124 | $1,490 | $124 |
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rate information does not factor in Miami location which can lower or raise auto insurance rates considerably.
Based on the data above, we can derive that using a $100 deductible costs an average of $33 more each month or $396 every year than quoting the higher $500 deductible. Since you would have to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 12 months between claims, you would come out ahead if you decide on a higher deductible.
Calculation for raising deductibles
| Average monthly premium for $100 deductibles: | $151 |
| Average monthly premium for $500 deductibles (subtract): | – $118 |
| Monthly savings from raising deductible: | $33 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $33 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 12 months |
One important note is that increasing deductibles to lower your rates means you will have to cover more of the damage yourself when you file a claim. That will require some extra savings in the event you have to pay the higher deductible.
The information below shows how choosing a deductible and can change Chevy Camaro insurance premiums for each age group. The information is based on a married male driver, comprehensive and collision coverage, and no discounts are applied.
Rate increases following a ticket or accident
The chart below illustrates how speeding tickets and fender-benders can drive up Chevy Camaro annual premium costs for different insured age categories. The prices are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
Comparison of auto insurance rates by gender
The illustration below compares Chevy Camaro auto insurance rates for male and female drivers. The premiums assume no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are applied.
Difference between liability only and full coverage rates
The example below shows the comparison of Chevy Camaro insurance premiums when comparing full coverage to state minimum liability only. Data assumes a clean driving record, no claims, $500 deductibles, marital status is single, and no discounts are applied to the premium.
Should you be buying full coverage?
There is no written rule that works best for making the decision to drop physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let’s assume your Chevy Camaro settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $3,000 after paying your policy deductible. If you are currently paying more than $300 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are some conditions where removing full coverage is not advised. If you still owe money on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Earn discounts on Miami insurance
Insurance is neither fun to buy or cheap, but discounts can save money and there are some available that you may not even know about. Some discounts apply automatically when you complete an application, but a few need to be requested specifically before they will apply.
- Payment Method – If you pay your entire premium ahead of time rather than paying in monthly installments you can actually save on your bill.
- Employee of Federal Government – Employees or retirees of the government can save as much as 8% depending on your insurance provider.
- Driving Data Discount – Insureds that choose to allow data collection to analyze driving habits remotely like In-Drive from State Farm and Progressive’s Snapshot might get better premium rates if their driving habits are good.
- Early Renewal Discounts – Some insurance companies reward drivers for signing up prior to the expiration date on your current Camaro insurance policy. It can save you around 10%.
- Discount for Passive Restraints – Options like air bags may qualify for discounts of up to 25% or more.
- No Accidents – Drivers who don’t have accidents can earn big discounts as opposed to bad drivers.
- Safety Course Discount – Taking time to complete a course that instructs on driving safety can save you 5% or more and also improve your driving technique.
- Braking Control Discount – Vehicles that have steering control and anti-lock brakes prevent accidents so companies give up to a 10% discount.
As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. A few only apply to individual premiums such as liability, collision or medical payments. So when the math indicates you could get a free insurance policy, you’re out of luck. Any amount of discount will reduce your overall premium however.
The diagram below compares Chevy Camaro premium costs with and without policy discounts. The rates are based on a female driver, no violations or accidents, Florida state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, claim-free, marriage, multi-policy, safe-driver, and multi-car discounts applied.
Large insurance companies and a summarized list of policyholder discounts can be found below.
- GEICO has savings for emergency military deployment, military active duty, anti-theft, multi-vehicle, and membership and employees.
- MetLife may offer discounts for defensive driver, good driver, multi-policy, good student, accident-free, claim-free
- State Farm policyholders can earn discounts including good driver, multiple policy, passive restraint, driver’s education, and safe vehicle.
- Progressive may have discounts that include homeowner, multi-vehicle, continuous coverage, good student, and multi-policy.
- Mercury Insurance has discounts for good student, good driver, professional/association, accident-free, type of vehicle, annual mileage, and age of vehicle.
- 21st Century may include discounts for theft prevention, 55 and older, air bags, homeowners, early bird, good student, and teen driver.
- Allstate includes discounts for multi-policy, teenSMART discount, early signing, eSmart discount, anti-lock brakes, and EZ pay plan discount.
Double check with each company or agent to give you their best rates. A few discounts may not be available everywhere.
How do I know if I need professional advice?
Always keep in mind that when comparing insurance from an agent or online, there really isn’t a one-size-fits-all type of policy. Your needs are not the same as everyone else’s.
For instance, these questions may help highlight if you would benefit from professional advice.
- Am I covered if I have no license?
- Are rock-chip repairs free?
- Is my state a no-fault state?
- Is other people’s property covered if stolen from my vehicle?
- Am I covered by my spouse’s policy after a separation?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- If my car is totaled with they pay enough to replace it?
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form. It is quick, free and can help protect your family.
What if I want to buy from local Miami auto insurance agents?
Some consumers would rather sit down with an agent and that is OK! Professional agents can help you choose the best coverages and help in the event of a claim. A good thing about comparing rates online is that you can obtain cheap rate quotes but also keep your business local.
For easy comparison, once you complete this form (opens in new window), the quote information is instantly submitted to companies in Miami who will gladly provide quotes for your car insurance coverage. There is no reason to find an agent due to the fact that quote results will go to the email address you provide. In the event you want to compare prices from one company in particular, feel free to search and find their rate quote page and give them your coverage information.
Finding a good provider needs to be determined by more than just a cheap price. A good agent in Miami will have answers to these questions.
- Do they have 24-hour customer assistance?
- Will they make sure you get an adequate claim settlement?
- If your car is in the repair shop, do you have coverage for a rental car?
- What will you get paid if your car is a total loss? How is that amount determined?
- How much experience to they have in personal lines coverages?
- Do they regularly work with personal auto policies in Miami?
When researching a good Miami insurance agent, you must know there are a couple different types of agencies that you can choose from. Car insurance agents are categorized either exclusive agents or independent agents. Both types can do a good job, but it’s worth learning how they are different because it can impact buying decisions.
Exclusive Insurance Agents
Exclusive agencies can only place business with one company like Farmers Insurance, State Farm, or Allstate. Exclusive agents are unable to compare rates from other companies so they are skilled at selling on more than just price. These agents are usually well trained in insurance sales which can be an advantage. Consumers frequently buy insurance from these agents primarily because of the prominent brand name rather than having low rates.
Shown below is a short list of exclusive agents in Miami that can give you price quotes.
- Rick Gonzalez – State Farm Insurance Agent
8830 Coral Way – Miami, FL 33165 – (305) 226-3412 – View Map - Clark Alvarado – State Farm Insurance Agent
5209 NW 36th St – Miami Springs, FL 33166 – (305) 887-9543 – View Map - Gus Figueredo – State Farm Insurance Agent
7950 W Flagler St #103 – Miami, FL 33144 – (305) 262-0440 – View Map
Independent Agents (or Brokers)
Agents in the independent channel are normally appointed by many insurers and that is an advantage because they can write policies with many different companies and get the cheapest rates. If premiums increase, your agent can switch companies and the insured can keep the same agent.
If you are trying to find cheaper rates, you need to include price quotes from multiple independent agents to ensure the widest selection of prices. They often place coverage with less well-known companies that may provide cheaper car insurance rates.
The following is a short list of independent agents in Miami that can give you comparison quotes.
- JVS Insurance Agency
9600 SW 8th St #27 – Miami, FL 33174 – (305) 552-5250 – View Map - Assure-Us The Insurance Agency
1880 NE 163rd St – North Miami Beach, FL 33162 – (305) 956-7818 – View Map - Miami Auto Insurance Agency
3132 NW 7th St – Miami, FL 33125 – (305) 649-1800 – View Map
Coverage specifics
Learning about specific coverages of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be confusing and even agents have difficulty translating policy wording.
Medical costs insurance – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as chiropractic care, doctor visits and prosthetic devices. They can be used in conjunction with a health insurance program or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Auto liability – Liability insurance provides protection from damages or injuries you inflict on people or other property by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 10/20/10 that means you have $10,000 bodily injury coverage, a per accident bodily injury limit of $20,000, and $10,000 of coverage for damaged property.
Liability coverage pays for claims such as legal defense fees, structural damage, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase as large an amount as possible. Florida requires minimum liability limits of 10/20/10 but drivers should carry more coverage.
The chart below shows why low liability limits may not be high enough to adequately cover claims.
Collision coverage – Collision insurance will pay to fix damage to your Camaro caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for things such as hitting a mailbox, damaging your car on a curb, driving through your garage door, crashing into a building and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible on your Camaro to save money on collision insurance.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Chevy Camaro.
Since many Florida drivers only carry the minimum required liability limits (10/20/10), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.
Comprehensive or Other Than Collision – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like damage from a tornado or hurricane, damage from getting keyed, hitting a bird, a tree branch falling on your vehicle and fire damage. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
More quotes mean more auto insurance savings
Drivers change insurance companies for any number of reasons including poor customer service, being labeled a high risk driver, high rates after DUI convictions or even high prices. Regardless of your reason for switching companies, finding a great new company is less work than it seems.
Affordable Chevy Camaro insurance in Miami can be found online and from local agencies, and you should compare rates from both to have the best selection. Some insurance companies don’t offer rate quotes online and many times these smaller providers work with independent agents.
When shopping online for auto insurance, you should never skimp on coverage in order to save money. There are a lot of situations where consumers will sacrifice physical damage coverage only to discover later that they should have had better coverage. Your strategy should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.
How to find affordable quotes for Chevy Camaro insurance in Miami
Truthfully, the best way to find cheaper quotes for car insurance rates is to make a habit of comparing prices annually from companies that insure vehicles in Miami. Prices can be compared by following these guidelines.
First, get an understanding of what coverages are included in your policy and the factors you can control to keep rates in check. Many things that cause high rates such as speeding and a low credit rating can be remedied by paying attention to minor details.
Second, compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like Progressive or State Farm, while agents who are independent can give you price quotes for a wide range of insurance providers. View prices
Third, compare the price quotes to your existing policy and determine if there is any savings. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.
An important note is to use similar limits and deductibles on each quote request and and to get price quotes from all possible companies. This helps ensure an accurate price comparison and many rates to choose from.
Additional information is located at these links:
- Driving in Bad Weather (Insurance Information Institute)
- Who Has Affordable Miami Car Insurance Quotes for Infrequent Drivers? (FAQ)
- What Car Insurance is Cheapest for Lyft Drivers in Miami? (FAQ)
- What Auto Insurance is Cheapest for Teenage Females in Miami? (FAQ)
- Who Has the Cheapest Car Insurance for a Chevrolet Equinox in Miami? (FAQ)
- How Much are Auto Insurance Rates for Drivers Requiring a SR22 in Miami? (FAQ)
- What Auto Insurance is Cheapest for Teenagers in Miami? (FAQ)
- Electronic Stability Control FAQ (iihs.org)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Credit Impacts Car Insurance Rates (State Farm)
- Distracted Driving Extends Beyond Texting (State Farm)