Has it been over a year since you last compared quotes for more affordable Chevy Camaro insurance in Philadelphia? Having to pay for expensive car insurance in Philadelphia can bottom out your savings account and put the squeeze on your family's finances. Comparison shopping is an excellent way to lower your monthly bill.
Unbelievably, almost 70% of insureds kept their coverage with the same car insurance company for well over three years, and just under half have never compared rates with other companies. Many consumers in Philadelphia can save hundreds of dollars each year by just comparing rate quotes, but they mistakenly think it's difficult to compare rate quotes online.
Multiple auto insurance companies compete for your business, so it's not easy to compare every provider and uncover the absolute lowest price on Chevy Camaro insurance in Philadelphia.
It's a great practice to do price comparisons as often as possible since rates are variable and change quite frequently. Despite the fact that you may have had the best deal on Chevy Camaro insurance in Philadelphia two years ago a different company probably has better prices today. You can search a lot of Camaro insurance on the internet, but by reading this article, you're going to learn some solid techniques on how to reduce your car insurance bill.
How to find affordable Chevy Camaro insurance in Philadelphia, Pennsylvania
Most companies like Allstate, GEICO and Progressive make it easy to get prices on the web. Getting Chevy Camaro insurance prices online is possible for anyone because it's just a matter of typing in the coverage amounts you desire as requested by the quote form. When complete, the system sends out for your driving and credit reports and generates pricing information. The ability to get online quotes for Chevy Camaro insurance in Philadelphia simplifies rate comparisons, and it's necessary to perform this step in order to get the cheapest price.
To use this form to compare rates, compare rates from the companies below. If you currently have coverage, we recommend you duplicate the insurance coverages identical to your current policy. Using the same limits helps guarantee you will have rate comparison quotes using the same coverage and limits.
The providers in the list below are ready to provide price comparisons in Pennsylvania. If multiple companies are listed, it's highly recommended you get price quotes from several of them to get a more complete price comparison.
Detailed insurance information
The coverage table shown below highlights estimates of insurance prices for Chevy Camaro models. Having a better understanding of how auto insurance prices are figured can help you make smart choices when purchasing an insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Customized Quote Go|
Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price information does not factor in Philadelphia location which can impact insurance rates considerably.
The information below demonstrates how choosing different deductibles and can impact Chevy Camaro insurance rates for different age groups of insureds. The information is based on a single male driver, comp and collision included, and no other discounts are factored in.
Poor driving habits will raise your insurance rates
The diagram below demonstrates how speeding tickets and fender-benders influence Chevy Camaro auto insurance costs for each age group. Data assumes a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
Age, gender, and Chevrolet Camaro insurance
The information below shows the comparison of Chevy Camaro auto insurance rates for male and female drivers. The prices are based on no violations or accidents, comp and collision included, $250 deductibles, single status, and no discounts are factored in.
Why auto insurance is not optional
Even though Philadelphia Camaro insurance rates can get expensive, auto insurance is mandatory in Pennsylvania but it also protects more than you think.
- Most states have compulsory liability insurance requirements which means the state requires a specific level of liability insurance in order to be legal. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your Chevy Camaro, it's guaranteed your bank will make it mandatory that you have full coverage to protect their interest in the vehicle. If you do not keep the policy in force, the lender will be forced to insure your Chevy for a lot more money and force you to pay for it.
- Auto insurance preserves both your assets and your vehicle. Insurance will also pay for medical transport and hospital expenses for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you cause an accident and are sued. If your Chevy gets damaged, your policy will pay to repair the damage.
The benefits of buying enough insurance are definitely more than the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver overpays more than $825 a year so you should quote rates at least once a year to save money.
Cheaper rates by receiving these seven discounts
Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that may help make it more affordable. Most are applied at the time of purchase, but occasionally some discounts must be specifically requested prior to getting the savings.
- Early Renewal Discounts - Some companies give discounts for switching companies before your current expiration date. It could save around 10% when you buy Philadelphia car insurance online.
- Savings for New Vehicles - Adding a new car to your policy can save you some money since new model year vehicles have better safety ratings.
- Mature Driver Discount - Mature drivers are able to get a small decrease in premiums.
- Passive Restraints and Air Bags - Factory options such as air bags or automatic seat belts can qualify for discounts of up to 25% or more.
- Multiple Cars - Buying coverage for multiple cars or trucks with the same company can get a discount on all vehicles.
- Driver Training Discounts - Successfully completing a driver safety course may get you a small discount and also improve your driving technique.
- Drivers Education - It's a good idea to have your young drivers enroll and complete driver's education in high school.
You can save money using discounts, but some credits don't apply to the overall cost of the policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like all those discounts means the company will pay you, company stockholders wouldn't be very happy.
The example below shows the comparison of Chevy Camaro annual premium costs with and without discounts applied to the policy premium. The rate quotes are based on a male driver, no claims or violations, Pennsylvania state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, homeowner, multi-policy, and marriage discounts applied.
A few popular companies and the discounts they provide are detailed below.
- Progressive may include discounts for online quote discount, good student, continuous coverage, online signing, homeowner, and multi-vehicle.
- SAFECO offers discounts including anti-theft, multi-car, teen safe driver, drive less, bundle discounts, accident prevention training, and teen safety rewards.
- American Family has savings for Steer into Savings, bundled insurance, multi-vehicle, air bags, and early bird.
- MetLife includes discounts for defensive driver, good student, good driver, multi-policy, claim-free, and accident-free.
- GEICO has discounts for federal employee, anti-lock brakes, emergency military deployment, membership and employees, seat belt use, air bags, and defensive driver.
- The Hartford discounts include bundle, defensive driver, good student, driver training, and air bag.
If you are trying to find low cost Philadelphia car insurance quotes, ask each insurance company which credits you are entitled to. Some discounts listed above may not be available in your state. If you would like to choose from a list of companies that offer many of these discounts in Pennsylvania, click here.
Can't I compare rate quotes from local Philadelphia insurance agencies?
A small number of people prefer to have an agent's advice and doing so can bring peace of mind One of the great benefits of comparing rates online is the fact that you can find the lowest rates but also keep your business local. Buying from and supporting neighborhood insurance agencies is especially important in Philadelphia.
After completing this simple form, your insurance coverage information is transmitted to local insurance agents in Philadelphia who will return price quotes for your business. You never need to visit any agencies since rate quotes are delivered to you directly. You can find better rates without requiring a lot of work. If you have a need to get a rate quote from a specific insurance company, don't hesitate to jump over to their website and give them your coverage information.
Choosing an insurer requires more thought than just a cheap price. Any agent in Philadelphia should be forthright in answering these questions:
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Which companies do they recommend if they are an independent agency?
- How are they compensated?
- Which company do they place the most coverage with?
- Will a damage claim use OEM or aftermarket replacement parts?
Auto insurance coverage information
Learning about specific coverages of your policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are typical coverage types available from car insurance companies.
Medical expense insurance - Med pay and PIP coverage provide coverage for short-term medical expenses for rehabilitation expenses, surgery, prosthetic devices, pain medications and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants in addition to any family member struck as a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage
Protection from uninsured/underinsured drivers - Your UM/UIM coverage protects you and your vehicle's occupants from other motorists when they are uninsured or don't have enough coverage. Covered losses include injuries to you and your family as well as damage to your Chevy Camaro.
Due to the fact that many Pennsylvania drivers have only the minimum liability required by law (15/30/5), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are identical to your policy's liability coverage.
Comprehensive (Other than Collision) - This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as damage from flooding, a broken windshield, a tree branch falling on your vehicle, theft and fire damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Liability insurance - Liability insurance will cover injuries or damage you cause to a person or their property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 15/30/5 which means $15,000 bodily injury coverage, $30,000 for the entire accident, and property damage coverage for $5,000. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.
Liability coverage protects against claims such as medical expenses, repair bills for other people's vehicles and court costs. How much liability should you purchase? That is your choice, but consider buying as high a limit as you can afford. Pennsylvania requires minimum liability limits of 15/30/5 but drivers should carry more liability than the minimum.
The next chart demonstrates why buying low liability limits may not provide you with enough coverage.
Collision coverage - This coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as colliding with another moving vehicle, rolling your car, crashing into a ditch and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It's also possible to choose a higher deductible on your Camaro to save money on collision insurance.
Quote more and you will save more
Cheap Chevy Camaro insurance in Philadelphia is available online and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. A few companies may not offer online rate quotes and usually these small insurance companies provide coverage only through independent agents.
As you quote Philadelphia car insurance, never reduce needed coverages to save money. There are many occasions where an insured cut liability coverage limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.
More information can be found on the following sites:
- Older Driver Statistics (Insurance Information Institute)
- How Much is Car Insurance for a Chevrolet Silverado in Philadelphia? (FAQ)
- How Much is Philadelphia Auto Insurance for Drivers Requiring a SR22? (FAQ)
- Who Has the Cheapest Philadelphia Auto Insurance Quotes for Inexperienced Drivers? (FAQ)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)
- Senior Drivers (Insurance Information Institute)