Best Chevy Camaro Insurance in Chicago

I can’t think of a single person who looks forward to paying premiums for insurance, especially knowing the prices are way too high.

Astonishing but true, most insurance buyers have purchased from the same company for well over three years, and just under half have never even shopped around for lower-cost coverage. Consumers in Illinois could pocket nearly 40% a year just by comparing rates, but they don’t understand how simple it is to find lower-cost insurance by shopping around.

Companies like Allstate and Progressive increase brand awareness with TV and radio ads and consumers find it hard to separate fact from fiction and do the work needed to find the best deal.

It is always a good idea to compare rates quite often because insurance prices go up and down regularly. Even if you think you had the best price on Chevy Camaro insurance in Chicago six months ago there may be better deals available now. Block out anything you think you know about insurance because it’s time to teach you the things you must know in order to lower your annual insurance bill.

If you have car insurance now, you will definitely be able to cut your premiums using the following tips. Finding the cheapest car insurance coverage in Chicago is actually very simple if you learn how to start. But Illinois drivers must comprehend how insurance companies calculate your policy premium because it varies considerably.

Companies offering Chevy Camaro insurance in Chicago

The auto insurance companies shown below are our best choices to provide quotes in Chicago, IL. If the list has multiple companies, we recommend you compare several of them in order to find the lowest rates.

Prices based on married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Illinois minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in Chicago location which can increase or decrease price quotes substantially.

Physical damage deductible comparison

One of the most common auto insurance questions is how high should the physical damage deductibles be. The tables below help summarize the rate fluctuation between high and low physical damage coverage deductibles. The first rate estimation uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Illinois minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in specific Chicago garaging location which can change premium rates considerably.

Based on the above data, using a $250 deductible costs about $22 more each month or $264 for a full year than choosing the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally go more than 34 months between claims, you would more than likely save some money if you elect the higher deductible.

Safe drivers pay less for auto insurance

The information below illustrates how traffic citations and accidents can drive up Chevrolet Camaro insurance rates for different age groups. The costs are based on a married male driver, comp and collision included, $250 deductibles, and no other discounts are factored in.

Chicago insurance discounts for a Chevy Camaro

The price of auto insurance can be rather high, but there are discounts available that many people don’t even know exist. Some discounts apply automatically at the time you complete a quote, but lesser-known reductions have to be inquired about before being credited.

• Chicago Homeowners Pay Less – Owning a house in Chicago can earn you a little savings because owning a home requires a higher level of personal finance.
• Telematics Discount – Policyholders that allow data collection to track driving patterns by installing a telematics device such as State Farm’s In-Drive may see discounts if they exhibit good driving behavior.
• Driver’s Education for Students – Cut your cost by having your teen driver enroll in driver’s education as it will make them better drivers and lower rates.
• Accident Free – Drivers who don’t have accidents get the best auto insurance rates compared to accident-prone drivers.
• Full Payment Discount – If paying your policy premium upfront instead of making monthly payments you may have a lower total premium amount.
• Discount for Life Insurance – Not all companies offer life insurance, but some may give you better prices if you take out life insurance from them.
• Discounts for Multiple Vehicles – Drivers who insure multiple cars on one policy can reduce rates for all insured vehicles.
• Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
• Sign Early and Save – Some auto insurance companies give discounts for buying a policy before your current expiration date. This discount can save up to 10%.
• Low Mileage Discounts – Fewer annual miles on your Chevy can earn lower prices due to less chance of an accident.

Remember that some of the credits will not apply to the entire policy premium. A few only apply to individual premiums such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.

Larger auto insurance companies and the discounts they provide can be found below.

• GEICO has savings for daytime running lights, driver training, membership and employees, multi-policy, and defensive driver.
• Travelers may have discounts that include save driver, early quote, payment discounts, student away at school, hybrid/electric vehicle, good student, and multi-car.
• Nationwide offers discounts including easy pay, anti-theft, good student, defensive driving, business or organization, and accident-free.
• Farmers Insurance may offer discounts for mature driver, electronic funds transfer, youthful driver, early shopping, and homeowner.
• Esurance offers premium reductions for good driver, multi-car, renters, Switch & Save, and DriveSense.
• State Farm policyholders can earn discounts including student away at school, accident-free, driver’s education, passive restraint, and safe vehicle.
• Progressive includes discounts for good student, online signing, multi-vehicle, online quote discount, multi-policy, continuous coverage, and homeowner.
• Mercury Insurance discounts include low natural disaster claims, ease of repair, location of vehicle, multi-car, and annual mileage.

Before buying, ask each company or agent what discounts are available to you. Depending on the company, some discounts might not apply in Chicago. To find providers that offer the discounts shown above in Illinois, click here.

Why Informed Drivers Pay Less for Chevy Camaro Insurance

Many different elements are used in the calculation when you get a price on insurance. Most are fairly basic such as your driving record, but other factors are more obscure like your continuous coverage or your commute time. It’s important that you understand the rating factors that play a part in calculating your auto insurance rates. When you understand what controls the rates you pay, this allows you to make good choices that may reward you with lower premium levels.

The items below are a partial list of the pieces companies use to determine your prices.

Know your credit score – Having a bad credit score is a big factor in determining your rates. If your credit rating is lower than you’d like, you may save money insuring your Chevrolet Camaro by repairing your credit. People with very good credit scores tend to file fewer claims than those with lower ratings.

Lower rates by increasing comp and collision deductibles – Physical damage deductibles state the amount of money you are willing to pay out-of-pocket if you file a covered claim. Coverage for physical damage, also known as collision and other-than-collision, insures against damage to your car. Some examples of claims that would be covered would be rearending another vehicle, hail damage, and damage from wind. The more the insured has to pay upfront, the less money you will pay for auto insurance.

Your location is a factor – Residing in less populated areas is a good thing when insuring your vehicles. People who live in big cities have to deal with more traffic problems and much longer commute distances. Fewer people means reduced accidents as well as less vandalism and auto theft.

Battle of the sexes – Statistics show that females take fewer risks when driving. It does not mean females are better at driving than males. Women and men tend to get into at-fault accidents in similar numbers, but the men have costlier accidents. Not only are claims higher, but men get ticketed for serious violations like DUI and reckless driving. Youthful male drivers are several times more likely to be in an accident and are penalized with high auto insurance rates.

Experienced drivers pay less – Inexperience drivers have a tendency to be more careless when at the wheel of a vehicle therefore auto insurance rates are much higher. Older, more experienced drivers are viewed as being more responsible, tend to file fewer claims, and usually have better credit.

If you don’t need it don’t buy it – There are quite a few optional add-on coverages that sound like a good idea at the time if you aren’t careful. Coverages for roadside assistance, high-cost glass coverage, and Farm Bureau memberships could be just wasting money. These may sound like a good investment when talking to your agent, but if they’re wasting money consider taking them off your policy.

Policy lapses lead to higher rates – Driving without insurance coverage in place is not a good idea and as a result your rates will increase for letting your coverage lapse. And not only will insurance be more expensive, getting caught without coverage could earn you a fine, jail time, or a revoked license. You will then be forced to file a SR-22 with the Illinois motor vehicle department.

Safer the car lower the rate – Cars with high safety ratings are cheaper to insure. The safest vehicles protect occupants better and fewer serious injuries means your insurance company pays less which can result in lower premiums. If the Chevy Camaro scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website you may be receiving a better rate.

Loss probability for a Chevy Camaro – Companies factor in insurance loss information when determining insurance rates. Vehicles that statistically have high amounts or severity of claims will have a higher cost to insure. The table below outlines the historical loss data for Chevy Camaro vehicles.

For each coverage category, the claim amount for all vehicles averaged together is represented as 100. Values below 100 mean the vehicle has better than average losses, while percentage numbers above 100 show a trend for more claims or statistically larger claims.

Get rate quotes but buy from a local Chicago insurance agent

Many drivers just want to go talk to an agent and that can be a smart move The best thing about comparing rates online is you can get cheap insurance quotes and still choose a local agent.

After completing this simple form, your insurance coverage information is immediately sent to agents in your area that can provide free Chicago auto insurance quotes and help you find cheaper coverage. You won’t even need to leave your computer as quotes are delivered immediately to your email address. You can find the lowest rates and work with a local agent. If for some reason you want to get a rate quote from a specific insurance provider, you just need to jump over to their website and fill out their quote form.

Deciding on an company should depend on more than just a cheap quote. You should also get answers to these questions.

• Do the coverages you’re quoting properly cover your vehicle?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Did they already check your driving record and credit reports?
• Where would glass claims be handled in Chicago?
• What insurance companies do they recommend if they are an independent agent?
• How is replacement cost determined on your vehicle?
• Will your rates increase after a single accident?

What type of Chicago auto insurance agent is right for you?

If you’re trying to find local Chicago agents, it’s important to understand the different types of agents and how they are slightly different. Chicago agents are categorized either exclusive agents or independent agents.

Exclusive Insurance Agencies

Exclusive agencies work for only one company such as AAA, Allstate, and State Farm. These agents are unable to give you multiple price quotes so you might not find the best rates. Exclusive agents are very knowledgeable on their company’s products which helps them compete with independent agents.

Listed below are Chicago exclusive insurance agents that are able to give price quotes.

More insurance agents

Independent Insurance Agents

These type of agents can quote rates with many companies so as a result can place your coverage amongst many companies and find you the best rates. If your agent finds better pricing, they simply move your policy to a different company and you don’t have to find a new agent. When comparing rate quotes, you will want to get insurance quotes from multiple independent agents to maximize your price options.

The following are Chicago independent agencies who can help you get price quote information.

More insurance agents

If you get reasonable responses to any questions you have as well as offering an affordable quote, it’s possible that you found an insurance agent that is a good match to service your policy. But keep in mind once you purchase a policy you can cancel coverage at any point so don’t assume you are locked into your new company for the full policy term.

Is there deception in advertising?

Auto insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads on TV and radio. They all seem to seem to make the promise that people will save just by switching your policy. It sounds good, but how can they all make almost identical claims? Here is the trick they use.

Many companies have specific guidelines for the type of driver that will add to their bottom line. For instance, a desirable risk may need to be a married male, has a clear driving record, and drives a vehicle with a low ISO rating. Any person that meets those criteria will get low premium rates and will also save a lot on Chicago Chevy Camaro insurance if they switch.

Potential customers who don’t qualify for the ideal profile will probably have to pay higher rates which translates to the customer not buying. The trick companies use is to say “drivers that switch” not “everyone who quotes” save the amount stated. That’s why insurance companies can confidently advertise the way they do. Because of this risk profiling, drivers should do a price quote comparison at every renewal. It is impossible to predict which company will have the best premium rates for your profile.

The best insurance company isn’t always the cheapest

You just learned many tips how you can shop for Chevy Camaro insurance online. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. You may even find the biggest savings come from some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas than their larger competitors like GEICO and State Farm.

As you restructure your insurance plan, it’s very important that you do not reduce coverage to reduce premium. In many cases, an insured dropped comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. Your goal should be to find the BEST coverage for the lowest cost, not the least amount of coverage.

Helpful learning opportunities

• Protecting Teens from Drunk Driving (Insurance Information Institute)
• Who Has Affordable Car Insurance for Drivers Over Age 70 in Chicago? (FAQ)
• Who Has the Cheapest Car Insurance Rates for a Nissan Sentra in Chicago? (FAQ)
• How Much is Chicago Car Insurance for Electric Cars? (FAQ)
• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• Determing Auto Insurance Rates (GEICO)
• Automakers compete to add autobraking (Insurance Institute for Highway Safety)