- Average Camaro insurance cost is $2,368 per year for a full coverage policy, depending on the trim level.
- The cheapest model of Camaro to insure is the 1LT Convertible at around $2,136 per year, or about $178 per month.
- The Camaro ranks 15th out of 26 vehicles in the 2023 sports car class for car insurance affordability.
- For the best Camaro insurance rates among large U.S. car insurance companies, GEICO, Progressive, and Nationwide tended to be cheaper than State Farm, Liberty Mutual, and Farmers Insurance.
How much does Camaro insurance cost?
Ranked 15th out of 26 vehicles in the 2023 sports car class, Camaro car insurance rates average $2,368 annually, or around $197 per month. With the average 2023 model year sports car costing $2,476 per year to insure, expect average Camaro insurance rates to be around $108 less each year.
However, lots of different factors contribute to the actual price you’ll pay to insure your Camaro. Three of the biggest are your age, your driving record, and the comprehensive and collision deductibles you have on your policy.
The following chart shows how these three factors can affect the cost of Camaro insurance. Young drivers and drivers with multiple violations or at-fault accidents pay some of the highest rates. The best Camaro insurance rates are generally reserved for more experienced drivers having no prior violations, no prior claims, and the ability to earn significant policy discounts.
|Driver Risk Profile||Annual Rate||Monthly Rate|
|High Risk Driver Age 30||$5,358||$447|
|Safe Driver Age 20||$4,696||$391|
|At-fault Accidents Age 40||$3,340||$278|
|Low Deductibles Age 40||$3,054||$255|
|Safe Driver Age 30||$2,488||$207|
|Safe Driver Age 40||$2,368||$197|
|Safe Driver Age 50||$2,158||$180|
|Safe Driver Age 60||$2,116||$176|
|High Deductibles Age 40||$2,014||$168|
|Discount Rate Age 40||$1,964||$164|
Rates for different policy deductibles for physical damage coverage are shown for an average 40-year-old driver to illustrate the impact low, medium, and high deductibles have on overall Camaro insurance cost.
Having a lower deductible increases the price of a car insurance policy due to the fact that you will have to pay less out-of-pocket if you have a covered comprehensive or collision claim.
In the chart, a low $100 deductible policy will cost the average driver $3,054 per year for a 2023 Camaro. A $500 deductible policy will cost around $2,368, and a $1,000 deductible will cost an average of $2,014 per year.
That’s an annual price difference of $1,040 between the low and high deductible policies, which just shows that raising your deductible is one of the best ways to get cheaper Camaro insurance, regardless of your age.
Camaro insurance cost for teenage drivers
Notably absent from the chart are teenage drivers, as they are really in a class by themselves when it comes to Camaro insurance due to the high cost.
Average car insurance rates for a teen driver on a 2023 Chevy Camaro are expensive. Average annual full-coverage insurance prices for a male driver on a new 2023 Camaro are:
- Camaro insurance cost for a 16-year-old: $8,538
- Camaro insurance cost for a 17-year-old: $7,952
- Camaro insurance cost for a 18-year-old: $7,418
- Camaro insurance cost for a 19-year-old: $6,696
There is a good chance that a teen is driving an older model year of Camaro, rather than a new 2023 model, which will save a little bit on insurance. The chart below shows average car insurance rates on a 2015 Chevy Camaro for both male and female teen drivers, from ages 16 to 19.
|Gender||Driver Age 16||Age 17||Age 18||Age 19|
Teenagers are the most expensive age group to insure, and the performance of the Camaro does not help the situation. Any time a young, inexperienced driver is rated on any kind of vehicle with above-average performance features, the result will be very high car insurance rates.
If keeping full coverage is mandatory, the only ways to reduce the cost of insuring a teen on a Camaro are to increase the physical damage deductibles, or ensure you’re getting every discount possible including good student and driver training discounts if you can.
If the Camaro is old enough to justify dropping full coverage, that is an option that can definitely cut the cost of car insurance. Liability-only insurance is the cheapest policy available since it does not cover any losses like collisions, hail, fire, flood, theft, or vandalism.
What is the cheapest Camaro insurance?
The cheapest Camaro model to insure is the 1LT Convertible at $2,136 per year. The next cheapest model to insure is the 2LT Convertible at $2,174 per year. On average, plan on budgeting a minimum of $178 per month for a policy with full coverage, but this can vary considerably based on where you live.
The three most expensive Camaro models to insure are the Camaro ZL1 Convertible, the 2SS Coupe, and the ZL1 Coupe trim levels at around $2,514, $2,580, and $2,748 per year, respectively.
With average 2023 Chevy Camaro insurance rates ranging from $2,136 to $2,748 per year depending on the trim level, the cost difference between the cheapest 1LT Convertible trim and most expensive ZL1 Coupe model is $612 per year.
The next table details average annual and 6-month Chevrolet Camaro car insurance rates, plus a monthly budget amount, for each 2023 model and trim level.
|Chevrolet Camaro Trim Level||Annual Policy||Six-Month Policy||Per Month|
Chevy Camaro versus the competition
If you’re comparing insurance costs between the Camaro and other sports cars, the Camaro ranks 15th out of 26 total comparison vehicles in the 2023 sports car category. Camaro insurance costs an average of $2,368 per year, while the segment average cost is $2,476 per year, a difference of $108.
When rates are compared directly to the most popular models in the sports car category, insurance for a Chevrolet Camaro costs $404 more per year than the Ford Mustang, $362 less than the Dodge Challenger, $366 more than the Subaru WRX, and $134 more than the Chevrolet Corvette.
If you’re wondering how the cost of Camaro insurance compares to all vehicles, not just sports cars, we have that number too. For the 2023 model year, a Camaro costs 19.5% more to insure than the average rate for all 2023 model year vehicles of $1,948 per year.
The table below shows how well average Camaro insurance compares to all other cars in the 2023 sports car segment.
|Rank||Make and Model||Insurance Cost||Difference|
|1||Mazda MX-5 Miata||$1,672||-$696|
|7||Toyota GR Supra||$2,066||-$302|
|13||Lexus RC F||$2,330||-$38|
|2023 Sports Car Average||$2,476||$108|
|16||Mercedes-Benz AMG GT53||$2,512||$144|
|20||Lexus LC 500||$2,722||$354|
|25||Mercedes-Benz SL 55||$3,474||$1,106|
|26||Mercedes-Benz SL 63||$3,698||$1,330|
Best insurance for a Chevy Camaro
Everyone has a different definition of what the “best” insurance for a Camaro is. Maybe it’s solely a price-based decision, or maybe you prefer to have top-notch claim service.
We compiled average Camaro insurance rates for some of the larger car insurance companies in the U.S., and also break down some of the pros and cons for each one.
|Insurance Company||Average Annual Rate||Cost Per Month|
GEICO tended to have the cheapest Camaro insurance rates out of the companies we compared at an average of $2,212 per year. with Progressive and Nationwide placing in second and third place at $2,325 and $2,344, respectively.
State Farm, Liberty Mutual, and Farmers were a little higher on average, but please keep in mind that these rates are averaged for all Camaro models and locations. So cheaper models will tend to have lower-than-average rates, and also where you live makes a huge difference in the price you pay.
To get rates for your exact Camaro model and also where you live, simply enter your Zip Code in the form below the chart and click the ‘GO’ button.
Every car insurance company has its strengths and weaknesses, so we broke down some of the pros and cons for each of the companies from the chart above.
Each offers individualized coverage, and also different discounts that can save you money, so a link is provided directly to each company’s website where you can read more about the auto insurance coverages they offer.
Estimated GEICO car insurance rate on a 2023 Chevrolet Camaro: $2,212 per year
- Provides non-owner insurance for people who do not own a car but still may need coverage
- Offers a usage-based insurance policy option called DriveEasy for drivers willing to be monitored and possibly get a discount
- Will file SR-22/FR-44 forms (for a small charge) if they are required by a prior conviction
- Doesn’t offer the option to buy gap insurance
- They do not offer coverage for ridesharing for drivers who are employed by a company like Uber or Lyft
Estimated Progressive car insurance rate on a 2023 Chevrolet Camaro: $2,325 per year
- Rates are better than most for drivers with prior DUIs or other serious violations
- Will file SR-22 forms if you are required to have them
- If your policy has collision coverage and your pet gets injured in a car accident, they may help pay your vet expenses
- They don’t have strong claim ratings in J.D. Power surveys
- Progressive has some of the most expensive prices for drivers in their teens and early twenties
Estimated Nationwide car insurance rate on a 2023 Chevrolet Camaro: $2,344 per year
- Offer a usage-based policy option for drivers who want to be monitored to save money
- Offers perks like accident forgiveness, gap insurance, and a vanishing deductible
- Decent insurance rates for drivers with a poor credit rating
- Expensive average rates for drivers who caused an accident with injuries
- Average rates are higher for drivers with prior accidents or major violations like a DUI
4. State Farm
Estimated State Farm car insurance rate on a 2023 Chevrolet Camaro: $2,633 per year
- Will file SR-22 forms if they are mandated from a prior conviction
- Offers their Steer Clear app that helps younger drivers drive safely
- Good rates when adding a teenager to your policy
- Expensive average rates for drivers with below-average credit
- Average rates are higher for drivers with major violations like a DUI or reckless driving
5. Liberty Mutual
Estimated Liberty Mutual car insurance rate on a 2023 Chevrolet Camaro: $2,669 per year
- They have below-average claim handling scores in recent surveys
- Expensive insurance rates for teenage and early twenties drivers
6. Farmers Insurance
Estimated Farmers Insurance car insurance rate on a 2023 Chevrolet Camaro: $2,723 per year
- Offers a usage-based insurance policy option, Signal, for drivers who want to lower costs based on driving habits
- Will file SR-22 forms with the state if they are needed
- They have a generally good customer satisfaction level with a low level of complaints filed with state insurance regulators
- Expensive average rates for the majority of drivers
- They do not give the option to buy gap insurance coverage
Chevy Camaro prior model year insurance rates
The following sections detail Chevrolet Camaro insurance rates for every trim level since 2013. Current 2023 model year rates are featured in the previous sections.
2022 Chevy Camaro Insurance Cost
A 2022 Chevy Camaro costs an average of $2,356 per year to insure, or around $196 per month. Rates range from $2,178 per year for the Camaro 1LT Convertible to $2,682 for the Camaro ZL1 Coupe.
|2022 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
2021 Chevy Camaro Insurance Cost
Average insurance rates for a 2021 Chevy Camaro are $2,178 per year, or around $182 per month. Rates range from $1,842 per year for the Camaro LT Convertible to $2,732 for the Camaro ZL1 Coupe.
|2021 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
|LT Convertible 4 Cyl Turbo||$1,884||$157|
|LT Coupe 4 Cyl Turbo||$2,168||$181|
2020 Chevy Camaro Insurance Cost
Average insurance rates for a 2020 Chevy Camaro are $2,150 per year, or around $179 per month. Rates range from $1,822 per year for the Camaro LT Convertible to $2,694 for the Camaro ZL1 Coupe.
|2020 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
|LT Convertible 4 Cyl Turbo||$1,862||$155|
|LT Coupe 4 Cyl Turbo||$2,144||$179|
2019 Chevy Camaro Insurance Cost
Insurance rates for a 2019 Chevrolet Camaro average $2,012 per year, or about $168 per month. Rates range from $1,632 per year for the Camaro LT Convertible to $2,516 for the Camaro ZL1 Coupe.
|2019 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
2018 Chevy Camaro Insurance Cost
2018 Chevy Camaro insurance rates average $1,964 per year, or around $164 per month. Cost ranges from $1,594 per year for the Camaro LT Convertible to $2,448 for the Camaro ZL1 Coupe.
|2018 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
2017 Chevy Camaro Insurance Cost
A 2017 Chevrolet Camaro averages $1,762 per year for full coverage insurance, or around $147 per month. Rates range from $1,576 per year for the Camaro LT Convertible to $2,078 for the Camaro SS Coupe.
|2017 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
|SS 2 Convertible||$1,662||$139|
2016 Chevy Camaro Insurance Cost
Average insurance cost for a 2016 Chevy Camaro is $1,714 per year, or around $143 per month. Rates range from $1,494 per year for the Camaro LT Convertible to $1,996 for the Camaro SS Coupe.
|2016 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
|SS 2 Convertible||$1,656||$138|
2015 Chevy Camaro Insurance Cost
Insurance rates average $1,672 per year for a 2015 Chevrolet Camaro, or around $139 per month. Rates range from $1,342 per year for the Camaro LT Convertible to $2,110 for the Camaro Z/28 Coupe.
|2015 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
2014 Chevy Camaro Insurance Cost
Average insurance cost for a 2014 Chevrolet Camaro is $1,680 per year, or around $140 per month. Rates range from $1,338 per year for the Camaro LT Convertible to $2,132 for the Camaro Z/28 Coupe.
|2014 Chevrolet Camaro Trim Level||Annual Rate||Per Month|
2013 Chevy Camaro Insurance Cost
Insurance rates for a 2013 Chevy Camaro average $1,526 per year, or about $127 per month. Rates range from $1,204 per year for the Camaro LT Convertible to $1,922 for the Camaro ZL1 Coupe.
|2013 Chevrolet Camaro Trim Level||Annual Rate||Per Month|