How Much Is Car Insurance for a Chevrolet Camaro?

How Much Is Car Insurance for a Chevrolet Camaro?

Find Cheap Chevrolet Camaro Auto Insurance Quotes

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We collected quotes for seven model years and found that, on average, it costs $3,090 per year to insure a Camaro. Furthermore, Progressive offered the cheapest car insurance quotes for our profile Chevy Camaro driver, with an annual rate of $1,202. This rate is less than half of what we found to be the mean cost of insurance for this vehicle.

Cheapest Insurance Company for the Chevrolet Camaro: Progressive

Our survey of quotes from top insurers found that Progressive offered our sample Camaro owner the cheapest auto insurance. The rates they featured for our 30-year-old profile driver were 61% cheaper than the average cost to insure a Camaro. In terms of savings, this amounted to $1,887 less in annual premiums compared to the mean cost of car insurance coverage.

Comparing annual car insurance costs for a Chevrolet Camaro

Find Cheap Chevrolet Camaro Auto Insurance Quotes

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Our study found that the company with the second lowest-cost auto insurance for a Chevy Camaro was Geico. Its rate of $1,268 per year to insuring a 2012 Camaro was more than 50% less than the average across the quotes we gathered. Furthermore, Geico's car insurance rates were, on average, 59% less than the most expensive insurer we surveyed, Allstate.

State Farm$3,660$4,049$4,038
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Average Cost of Chevy Camaro Insurance

Insurance costs for different years of Chevy Camaro were closely related to vehicle value, with more recent and expensive models—especially those made from 2015 to 2018—having higher insurance costs, on average, than older vehicles. We found the 2012 Chevy Camaro to have the cheapest insurance of the vehicles we surveyed, with an annual rate of $2,672. This is 22% less than the cost to insure a 2017 Camaro—the model with the highest insurance costs.

Average Car Insurance Cost
2018 Chevrolet Camaro$21,767$3,141
2017 Chevrolet Camaro$20,768$3,426
2016 Chevrolet Camaro$19,276$3,337
2015 Chevrolet Camaro$15,184$3,324
2014 Chevrolet Camaro$13,929$2,856
2013 Chevrolet Camaro$14,571$2,872
2012 Chevrolet Camaro$13,183$2,672

Insurance rates represent the annual cost of a full-coverage policy for a 30-year-old male driver.

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In addition to the year it was made, your Camaro's insurance costs will also be impacted by its trim, with higher trim levels typically garnering higher rates. One of the key reasons for this is that trim level can have a huge influence on a vehicle's value, which dictates the potential cost to insurers if they have to pay out to repair or replace your vehicle for a comprehensive or collision insurance claim. The 2016 Chevy Camaro SS, for example, has an estimated market value of $27,029, which is more than 40% more expensive than that of the 2016 Camaro LT—the cheapest trim level. Because of this value difference, Camaro SS owners will likely pay more for insurance than Camaro LT owners.

Another factor that affects how much it costs to insure a Camaro is driver age. In general, younger drivers can expect to pay much more for car insurance than older drivers. Based on our research of how age affects insurance rates, we estimate that Camaro insurance for a 21-year-old may be as much as 59% more expensive than it is for a 30-year-old driver.

How Camaro Insurance Costs Compares to Other Vehicles

Compared to other popular American-made sports cars—the Ford Mustang and the Dodge Charger—the Chevy Camaro is relatively cheap to insure. The cost to insure a 2018 Camaro, $3,141 per year, was 7% less than the 2018 Dodge Charger's rate and 10% less than the 2018 Ford Mustang's. Additionally, we have found the 2013 Chevrolet Camaro ZL1 to be the second cheapest sports car to insure for young drivers.

A chart comparing the Camaro's insurance rates to those of a Dodge Charger and a Ford Mustang.


We compiled quotes from the largest auto insurers, State Farm, Progressive, Geico and Allstate. The quotes were for a male driver with no violations or accidents, who was 30 years old, living in each of New York, Los Angeles, Chicago and Dallas. The rates listed represent the cost of a full-coverage policy with liability insurance limits above the state minimums, in each respective state. Chevrolet Camaro average market values were obtained from CarGurus.

Bailey is a Research Analyst at ValuePenguin, covering insurance. He graduated from Occidental College with a B.A. in Mathematics and a minor in Computer Science. Bailey's analysis of the insurance industry and driver behaviors has been featured by CNBC, the Houston Chronicle and the National Transportation Bureau Safety Board.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.