Best Chevy Camaro Insurance in Cleveland

Wish you could get a refund on overpriced Chevy Camaro insurance in Cleveland? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out.

Amazingly, a recent NerdWallet.com study showed that the vast majority of drivers have remained with the same auto insurance company for four years or more, and roughly 40% of drivers have never compared rates to find cheaper insurance. American consumers can cut their rates by 47% a year, but they don’t believe how much savings they would realize if they bought a different policy. Drivers have so many insurers to insure vehicles with, and although it’s a good thing to have a selection, more choices can make it harder to find the best rates for Chevy Camaro insurance in Cleveland.

Locating the most cost-effective car insurance policy in Cleveland is actually quite simple. If you are insured now or are looking for a new policy, use these cost-cutting techniques to cut your premiums without having to cut coverage. Drivers just need to use the most efficient way to get comparison quotes from many different companies online.

The companies shown below are ready to provide free quotes in Cleveland, OH. To locate the best car insurance in Cleveland, we suggest you visit two to three different companies to get the cheapest price.

Cheap Chevy Camaro insurance rates in Cleveland

Insurance is expensive, but you may find discounts to cut the cost considerably. Some trigger automatically at the time of purchase, but some need to be specially asked for before they will apply.

• Cautious Driver Discount – Insureds without accidents could pay up to 40% less than drivers with accident claims.
• Accident Forgiveness Coverage – This isn’t a discount exactly, but companies like State Farm and GEICO will turn a blind eye to one accident before raising your premiums with the catch being you have to be claim-free for a certain period of time.
• College Student Discount – Older children who live away from home at college and leave their car at home can receive lower rates.
• Discounts for Government Workers – Having worked for a branch of the government may reduce rates when you quote Cleveland car insurance with a few insurance companies.
• Discount for Good Grades – This discount can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
• Low Miles Discount – Low mileage vehicles could qualify for slightly better prices than normal.
• Driver’s Ed – Cut your cost by having your teen driver successfully take a driver’s education course if it’s offered in school.
• Senior Citizen Rates – Drivers over the age of 55 may receive a discount up to 10%.

Keep in mind that some credits don’t apply to the entire policy premium. Most cut specific coverage prices like liability and collision coverage. If you do the math and it seems like you could get a free insurance policy, insurance companies aren’t that generous.

The diagram below shows the difference between Chevy Camaro insurance prices with and without discounts applied to the policy premium. The rate quotes are based on a male driver, a clean driving record, no claims, Ohio state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, marriage, safe-driver, multi-policy, and claim-free discounts applied.

Popular insurance companies and the discounts they provide are detailed below.

• Farm Bureau may have discounts that include good student, 55 and retired, multi-vehicle, renewal discount, safe driver, and driver training.
• Liberty Mutual policyholders can earn discounts including teen driver discount, newly married, exclusive group savings, multi-car, and new move discount.
• State Farm may offer discounts for student away at school, driver’s education, Steer Clear safe driver discount, passive restraint, and good student.
• Auto-Owners Insurance includes discounts for company car, multi-policy, multiple vehicles, anti-theft, anti-lock brakes, and paid in full.
• GEICO discounts include defensive driver, federal employee, good student, military active duty, anti-theft, and membership and employees.
• SAFECO offers discounts including accident prevention training, teen safe driver, drive less, anti-theft, and anti-lock brakes.

When comparing rates, check with all companies you are considering to apply every possible discount. Discounts may not be offered in Cleveland. To see insurance companies that offer discounts in Cleveland, click this link.

Car insurance statistics and figures

The rate table displayed next highlights detailed analysis of coverage prices for Chevy Camaro models. Having a better understanding of how auto insurance policy rates are determined can be valuable when making smart choices when comparing insurance quotes.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Premium amounts do not factor in zip code location which can decrease or increase premium rates substantially.

Higher deductibles save money

When comparing car insurance rates, the most common question is which deductible level should you buy. The premium rates below can help illustrate the differences in premium rates between low and high deductibles. The first pricing table uses a $100 physical damage coverage deductible and the second rate table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Premium costs do not factor in vehicle garaging location which can revise rates substantially.

Based on this data, using a $100 deductible costs an average of $19 more each month or $228 annually than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 21 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

An important sidenote is that a higher deductible level results in more money out-of-pocket when you have a comprehensive or collision claim. That will require enough money stashed away in order to pay the higher deductible in order to repair your vehicle.

The chart below illustrates how your choice of deductibles and can influence Chevy Camaro premium costs for each different age category. The costs are based on a married female driver, full coverage, and no other discounts are factored in.

Chevrolet Camaro insurance rates: Men versus women

The diagram below illustrates the comparison of Chevy Camaro auto insurance costs for male and female drivers. The premiums assume no violations or accidents, comp and collision included, $100 deductibles, single marital status, and no other discounts are factored in.

Why Your Insurance Costs might be higher

The best way to find cheaper insurance is to take a look at the rating factors that help determine your insurance rates. When consumers understand what positively or negatively impacts your premiums, this allows you to make educated decisions that could help you find much lower annual insurance costs.

Premiums are affected by your credit score – Having a bad credit score is a big factor in determining what you pay for insurance. Consumers who have high credit ratings tend to be more responsible and file fewer claims than drivers who have lower credit ratings. If your credit history could use some work, you could pay less to insure your Chevrolet Camaro by spending a little time repairing your credit.

High performance vehicles cost more to insure – The performance of the car you are buying insurance for makes a big difference in your auto insurance rates. Economy passenger vehicles usually are quite affordable to insure, but many other things help determine your insurance rates.

The data below uses these variables: single male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Chevrolet Camaro insurance rates compared to other models that have a range of performances.

A policy lapse is a bad thing – Driving your car without having proper coverage can get your license suspended and your next policy will cost more because you let your coverage lapse. Not only will you pay more, being ticketed for driving with no insurance can result in fines and jail time. You may have to file a SR-22 with the Ohio DMV.

Lower rates with a multi-policy discount – Some insurers will give discounts to clients who consolidate policies with them. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even with this discount applied, you still need to check prices from other companies to make sure you are getting the best deal.

Lower premiums for safer vehicles – Safe vehicles tend to have better insurance rates. These vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company and more competitive rates for policyholders. If your Chevy Camaro has at least four stars on Safercar.gov it may be receiving lower rates.

You might have higher costs if you are single – Having a significant other may save some money on your insurance policy. Having a significant other demonstrates that you tend to be more stable financially and insurance companies reward insureds because married drivers get in fewer accidents.

Loss probability for a Chevy Camaro – Auto insurance companies use historical loss data when they calculate premium prices for each model. Vehicles that the data determines to have higher claim frequency or loss amount will have a higher cost to insure. The table below demonstrates the actual insurance loss data for Chevy Camaro vehicles.

For each insurance policy coverage type, the claim probability for all vehicles averaged together is represented as 100. Percentage numbers below 100 mean the vehicle has better than average losses, while values that are above 100 indicate more frequent claims or tendency to have larger claims.

Can’t I compare rates from local Cleveland car insurance agents?

Some consumers just want to talk to a local agent and often times that is recommended Good insurance agents can help you build your policy and help you file claims. A good thing about comparing insurance online is that drivers can save money and get lower rates and still buy from a local agent.

After completing this form (opens in new window), your information is submitted to agents in your area that can provide free Cleveland car insurance quotes to get your business. It makes it easy because there is no need to visit any agencies since rate quotes are delivered to the email address you provide. If you need to get a price quote for a specific company, you would need to jump over to their website and submit a quote form there.

Finding the right insurer should depend on more than just a cheap quote. Agents should be asked these questions:

• Are they primarily personal or commercial lines agents in Cleveland?
• Does the agent help file claims?
• Will the quote change when the policy is issued?
• Are they giving you every discount you deserve?
• What company holds the largest book of business for them?

When narrowing the list to find a local Cleveland insurance agency, there are a couple of different types of agencies and how they function. Insurance policy providers are considered either independent or exclusive depending on the company they work for. Both types of agents can handle insurance, but it’s worth mentioning the differences since it could factor into the kind of agent you use.

Exclusive Insurance Agents

Exclusive agencies normally can only provide a single company’s rates and some examples include Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to provide other company’s prices so always compare other rates. Exclusive agencies receive extensive training on the products they sell and that can be a competitive advantage.

The following is a short list of exclusive insurance agents in Cleveland that can give you rate quotes.

More Cleveland agents

Independent Agents (or Brokers)

Independent insurance agents are not employed by any specific company and that allows them to write policies with lots of companies and get you the best rates possible. If your agent finds better pricing, they simply switch companies in-house without you having to go to a different agency.

If you are trying to find cheaper rates, you will definitely want to check rates from a few independent agents to have the best price comparison.

The following is a list of independent insurance agencies in Cleveland who can help you get rate quotes.

More Cleveland agents

Which car insurance company is best in Cleveland?

Buying coverage from a good quality company can be difficult considering how many companies are available to choose from in Cleveland. The ranking information shown next could help you decide which auto insurance companies you want to consider comparing prices from.

Top 10 Cleveland Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 92%
2. Erie Insurance – 88%
3. American Family – 88%
4. State Farm – 88%
5. Nationwide – 88%
6. 21st Century – 88%
7. AAA Insurance – 87%
8. Liberty Mutual – 87%
9. Farmers Insurance – 87%
10. The Hartford – 87%

Top 10 Cleveland Car Insurance Companies Ranked by Customer Service

1. Mercury Insurance
2. Nationwide
3. State Farm
4. Safeco Insurance
5. American Family
6. Titan Insurance
7. Travelers
8. Liberty Mutual
9. GEICO
10. Erie Insurance

Persistence will pay off

In this article, we covered many tips how you can save on Chevy Camaro insurance in Cleveland. The most important thing to understand is the more rate comparisons you have, the better likelihood of getting affordable Chevrolet Camaro insurance quotes. You may even be surprised to find that the best prices are with the least-expected company. Smaller companies may only write in your state and offer lower rates as compared to the big name companies such as Allstate, GEICO and Progressive.

A few companies do not provide price quotes online and these regional insurance providers only sell coverage through independent agencies. Lower-priced Chevy Camaro insurance in Cleveland can be purchased online as well as from insurance agents, and you need to comparison shop both to get a complete price analysis.

How to find more affordable Chevy Camaro insurance in Cleveland

To save the most money, the best way to get budget car insurance rates is to compare prices once a year from companies in Cleveland.

1. Gain an understanding of how companies price auto insurance and the changes you can make to keep rates down. Many policy risk factors that result in higher prices such as traffic violations and an unacceptable credit rating can be rectified by making minor changes in your lifestyle.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes for a wide range of companies.
3. Compare the new quotes to your current policy and see if you can save money. If you find a lower rate and buy the policy, make sure coverage is continuous and does not lapse.
4. Tell your current company to cancel the current policy and submit a completed policy application and payment for your new policy. When you receive it, place your new proof of insurance paperwork with your vehicle’s registration.

A good tip to remember is to use similar limits and deductibles on every quote and and to look at as many different companies as possible. Doing this guarantees an accurate price comparison and a complete selection of prices.

Additional information can be found at the links below

• Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
• Who Has the Cheapest Car Insurance Quotes for Single Moms in Cleveland? (FAQ)
• Who Has Affordable Cleveland Car Insurance Quotes for Lyft Drivers? (FAQ)
• Who Has Affordable Car Insurance for Drivers Over Age 60 in Cleveland? (FAQ)
• Who Has Affordable Auto Insurance for Veterans in Cleveland? (FAQ)
• Who Has Cheap Car Insurance Rates for 17 Year Olds in Cleveland? (FAQ)
• Self-driving cars won’t replace humans (Insurance Institute for Highway Safety)
• Where can I buy Insurance? (Insurance Information Institute)
• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
• What Does No-Fault Insurance Cover? (Allstate)