Chevy Camaro Insurance Quotes in Oklahoma City

If you want to save money, the best way to get budget Chevy Camaro insurance is to start doing an annual price comparison from providers that insure vehicles in Oklahoma City. You can compare rates by following these guidelines.

1. Read about coverages and the factors you can control to prevent high rates. Many rating criteria that are responsible for high rates such as traffic citations and an unacceptable credit score can be amended by improving your driving habits or financial responsibility. Read the full article for the details to help reduce prices and find more discounts that you may not know about.
2. Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from a single company like Progressive or Allstate, while agents who are independent can give you price quotes from multiple insurance companies.
3. Compare the new rates to the price on your current policy to determine if you can save on Camaro insurance. If you find a better price and make a switch, make sure there is no lapse in coverage.

One important bit of advice is to make sure you enter similar limits and deductibles on each quote and and to compare as many companies as feasibly possible. This guarantees a fair price comparison and the best price selection.

It’s a known fact that auto insurance companies don’t want you shop around. Insureds who shop around for better prices are inclined to buy a different policy because there are good odds of finding lower rate quotes. A recent survey revealed that people who routinely compared quotes saved $865 a year as compared to drivers who never shopped for cheaper rates.

If finding the lowest price on car insurance is the reason you’re reading this, then having an understanding of the best way to shop and compare coverage rates can make the process less intimidating.

Locating the best rates in Oklahoma City can be made easier if you know where to look. If you are already insured, you will most likely be able to reduce premiums using these techniques. Comparison shoppers just have to know the fastest way to compare price quotes online from multiple companies.

The companies shown below provide price comparisons in Oklahoma. If multiple companies are shown, we recommend you visit several of them to get a more complete price comparison.

Chevy Camaro coverage analysis

The rate table shown next showcases detailed analysis of insurance premium costs for Chevy Camaro models. Learning as much as possible about how policy premiums are figured can help drivers make smart choices when comparing insurance rates.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rate information does not factor in your specific Oklahoma City location which can change coverage rates substantially.

Choosing deductibles

When comparing car insurance rates, the most common question is which comprehensive and collision deductibles to buy. The following tables illustrate the differences in price when you choose different physical damage coverage deductibles. The first rate quote example uses a $250 deductible and the second pricing table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in Oklahoma City location which can change prices considerably.

Based on the above data, using a $250 deductible would cost the average driver about $37 more each month or $444 a year than quoting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 20 months between claim filings, you would probably save some money by selecting a higher deductible.

How You Can Control Chevy Camaro Insurance Premiums

When buying car insurance it’s important to understand some of the factors that help determine your policy premiums. If you know what influences your rates, this enables informed choices that can earn you better car insurance rates. Lots of things are part of the calculation when premium rates are determined. Some factors are common sense like your driving record, but some are not as apparent such as whether you are married or how safe your car is.

The following are some of the things used by insurance companies to determine prices.

• What’s your car’s IIHS safety rating? – Safe vehicles cost less to insure. Vehicles engineered for safety protect occupants better and lower rates of occupant injuries means lower claim amounts and cheaper rates on your policy. If your Chevy scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
• Fewer miles means better rates – The higher the miles on your Chevy in a year’s time the higher your rate. Many insurance companies apply a rate based upon how you use the vehicle. Autos not used for work or commuting receive better premium rates as compared to vehicles used primarily for driving to work. A policy that improperly rates your Camaro may be wasting your money. Verify your policy correctly shows the right rating data.
• Don’t abuse insurance claims – If you’re an insured who likes to file claims you can expect either higher rates or even cancellation. Car insurance companies in Oklahoma award most affordable rates to drivers who are claim-free. Your car insurance is intended to be relied upon for more catastrophic claims.

• Women tend to be lower risk – Over the last 30 years, statistics show that men are more aggressive behind the wheel. That doesn’t necessarily mean that males are worse at driving than females. Males and females are in auto accidents in similar numbers, but the male of the species cause more damage. Men also receive more costly citations like reckless driving and DUI.

  The chart below illustrates the comparison of Chevy Camaro auto insurance rates for male and female drivers. Data assumes no accidents or driving violations, full physical damage coverage, $100 deductibles, single marital status, and no discounts are applied.

• Big cities have higher costs – Residing in smaller towns and rural areas of the country may provide you with better prices when shopping for auto insurance. Urban drivers regularly have more traffic problems and a longer drive to work. Lower population means fewer accidents and a lower car theft rate.
• Policy add-ons can waste money – Insurance policies have a lot of extra bells and whistles you can purchase when buying car insurance. Insurance for things like vanishing deductibles, towing coverage, and term life insurance may not be needed and are just wasting money. The coverages may be enticing initially, but if you’ve never needed them in the past consider taking them off your policy.

• Chevy Camaro insurance loss probability – Auto insurance companies factor in insurance loss information when they calculate premium rates for each model. Vehicles that statistically have higher claim frequency or loss amount will have higher rates for specific coverages. The table below shows the loss history for Chevy Camaro vehicles.

  For each coverage category, the claim probability for all vehicles, regardless of make or model, is represented as 100. Values under 100 suggest a better than average loss history, while values that are 100 or greater indicate more frequent losses or a tendency for claims to be larger.

  
  

  Chevrolet Camaro Insurance Claim Statistics

  Vehicle 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
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Buying the right Chevy Camaro insurance in Oklahoma is an important decision

Even though it can be expensive, insuring your vehicle is required for several reasons.

• Almost all states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability in order to license the vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If your Camaro has a lienholder, it’s most likely the lender will stipulate that you have comprehensive coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Chevy at a much higher rate and force you to pay for the much more expensive policy.
• Insurance protects your Chevy Camaro and your assets. It will also pay for medical transport and hospital expenses for both you and anyone you injure as the result of an accident. Liability coverage also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your Chevy gets damaged, your policy will cover the repair costs.

The benefits of insuring your car definitely exceed the price paid, especially with large liability claims. Unknowingly, the average driver is overpaying over $855 a year so shop around at every policy renewal to make sure the price is not too high.