Find Affordable Chevy Camaro Insurance in Portland

Insurance quote for Chevy Camaro in PortlandIf your goal is the lowest price, then the best way to find cheaper car insurance rates is to do a yearly price comparison from insurers in Portland. Prices can be compared by following these guidelines.

The key aspect of shopping around is that you’ll want to compare the same amount of coverage on each quote and and to get price quotes from as many different insurance providers as possible. Doing this ensures a fair price comparison and a thorough selection of prices.

Statistics show that most car insurance buyers have remained with the same car insurance company for at least the last four years, and roughly 40% of drivers have never even shopped around for cheap coverage. With the average car insurance premium being $1,700, Portland drivers could save as much as 60% every year, but they just don’t understand how much money they would save if they changed companies.

Portland Insurance Costs are Influenced by These Factors

Multiple criteria are part of the equation when you get a price on insurance. Some are pretty understandable such as traffic violations, but other factors are not as apparent such as whether you are married or how financially stable you are. Smart consumers have a good feel for a few of the rating criteria that are used to determine your insurance rates. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that will entitle you to better insurance rates.

Prevent coverage lapses – Not maintaining insurance is illegal and as a result your rates will increase for letting your coverage cancel without a new policy in place. And not only will insurance be more expensive, being ticketed for driving with no insurance could earn you fines and jail time.

Are you male or female? – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that females are better at driving than males. Men and women have fender benders in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Not only that, but men also get cited for more serious violations like DWI (DUI) or reckless driving. Male teenagers have the highest risk to insure and thus pay the highest rates.

The diagram below visualizes the comparison of Chevy Camaro car insurance rates for male and female drivers. The premiums are based on a clean driving record, no claims, comp and collision included, $100 deductibles, drivers are single, and no other discounts are factored in.

Good drivers pay lower premiums – Even one moving violation may cause rates to rise substantially. Good drivers pay lower auto insurance prices compared to bad drivers. Drivers who get severe tickets like DUI, reckless driving or excessive speeding might be required by their state to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to legally drive a vehicle.

The information below illustrates how violations and at-fault claims influence Chevy Camaro insurance prices for different age categories. The premium estimates are based on a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.

Lower coverage deductibles cost more – Comprehensive and collision coverage deductibles represent how much money you are willing to pay if a covered claim is submitted. Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of some claims that would be covered are rear-ending another vehicle, animal collisions, or theft of your vehicle. The larger the amount the insured is willing to pay, the better rate you will receive.

Annual miles is a factor – The more you drive your Chevy every year the more you will pay for insurance. The majority of insurers apply a rate based upon how you use the vehicle. Cars used primarily for pleasure use qualify for better rates than vehicles that are driven to work every day. Having the wrong rating on your Camaro may be wasting your money. It’s always a good idea to double check that your insurance policy properly reflects the right rating data.

Your location is a factor – Living in areas with lower population has definite advantages if you are looking for the lowest rates. Lower population translates into fewer accident claims and a lower car theft rate. People who live in big cities have to deal with more auto accidents and longer commute times. Higher commute times translates into higher accident risk.

Your stress level may be raising your rates – Do you work in a high-stress field? Careers such as real estate brokers, business owners, and emergency personnel have the highest average rates in part from high stress levels and lots of time spent away from family. Other jobs such as farmers, students and performers pay lower than average rates.

Insurance losses for a Chevy Camaro – Companies include the past claim history for a vehicle to help determine the price you pay. Models that tend to have higher claim frequency or loss amount will cost more to insure. The information below illustrates the historical insurance loss data for Chevy Camaro vehicles.

For each policy coverage, the statistical loss for all vehicles compiled together is equal to 100. Numbers under 100 suggest losses that are better than average, while values that are 100 or greater indicate frequent claims or an increased chance of larger losses than average.

Insurance Loss Ratings for Chevrolet Camaro Vehicles
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Camaro 2dr 139 118 123 123 130 127
Chevrolet Camaro Convertible 92 85 107 85 95 103
Chevrolet Camaro ZL1 2dr 222 80 174
Chevrolet Camaro ZL1 Convertible 111 113

Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lowering your car insurance rates is an easy way to save money. You just have to invest a few minutes to compare rate quotes to find out which insurance company has low cost Portland car insurance quotes.

Getting rate quotes online is very simple and it takes the place of having to waste gas driving to and from local insurance agencies. Comparing Chevy Camaro insurance rates online has made agencies unnecessary unless your situation requires the professional advice of a local agent. Although, it is possible find lower rates online but have a local agent actually write the policy.

The companies in the list below have been selected to offer quotes in Oregon. If your goal is to find the cheapest car insurance in Portland, it’s highly recommended you get rates from several of them to get a more complete price comparison.

Chevy Camaro insurance coverage information

The information shown below highlights different prices for Chevy Camaro models. Learning as much as possible about how auto insurance prices are formulated can be valuable when making decisions on which insurance to purchase.

Chevrolet Camaro Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $318 $490 $418 $24 $126 $1,376 $115
Camaro LT $318 $490 $418 $24 $126 $1,376 $115
Camaro SS $354 $564 $418 $24 $126 $1,486 $124
Get Your Own Custom Quote Go

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Premium costs do not factor in vehicle location which can raise or lower coverage rates noticeably.

Does it make sense to buy full coverage?

The chart below illustrates the difference between Chevy Camaro auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oregon. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are taken into consideration.

Should you pay for full coverage or liability only?

There is no exact formula of when to stop paying for physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your Chevy Camaro claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after you pay the deductible. If you are paying in excess of $500 a year for physical damage coverage, then it may be the right time to buy liability only.

There are a few situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Three reasons to insure your vehicle

Despite the potentially high cost of Chevy Camaro insurance, maintaining insurance serves several important purposes.

The benefits of carrying adequate insurance more than cancel out the cost, specifically if you ever have a liability claim. As of last year, the average driver in Oregon overpays as much as $810 a year so it’s recommended you shop around once a year at a minimum to ensure rates are inline.

Don’t overlook these Chevy Camaro insurance discounts

Car insurance can be pricey, but companies offer discounts to help offset the cost. Certain discounts will be applied at the time you complete a quote, but a few need to be manually applied before you will receive the discount.Save money with discounts

Just know that some credits don’t apply to the overall cost of the policy. Most cut individual premiums such as liability and collision coverage. So despite the fact that it appears all the discounts add up to a free policy, you’re out of luck.

The chart below illustrates the difference between Chevy Camaro auto insurance rates with and without discounts. The premiums are based on a male driver, no claims or driving violations, Oregon state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, claim-free, multi-car, multi-policy, and marriage discounts applied.

A list of car insurance companies and some of the premium reductions they offer are outlined below.

If you need cheaper Portland car insurance quotes, ask all the companies the best way to save money. All car insurance discounts might not apply in Portland. For a list of companies who offer discounts in Portland, follow this link.

When to have guidance from a local insurance agent

Many people still prefer to sit down with an agent and doing so can bring peace of mind Professional agents are trained risk managers and help submit paperwork. A nice benefit of price shopping on the web is you can get lower prices and still choose a local agent. And buying from neighborhood insurance agencies is important especially in Portland.

Insurance agency in PortlandTo help locate an agent, after submitting this quick form, the coverage information is sent to companies in Portland who will give you quotes for your insurance coverage. It makes it easy because there is no need to visit any agencies because quoted prices will be sent to the email address you provide. In the event you want to get a comparison quote from a specific company, you just need to search and find their rate quote page and fill out the quote form the provide.

Exclusive agents vs. Independent agents

If you are wanting to find a reliable agent, it helps to know the two types of insurance agents from which to choose. Insurance agencies in Portland may be either independent or exclusive depending on the company they work for. Either one can sell and service auto insurance coverage, but it’s good to learn how they differ because it may have an impact on the selection process.

Independent Agents (or Brokers)

Independent agencies are not required to write business for one company and that gives them the ability to insure with multiple insurance companies and find you the best rates. To move your coverage to a new company, your policy is moved internally which is easy for the insured. If you are comparing auto insurance prices, it’s a good idea to check rates from several independent agencies so that you have a good selection of quotes to compare.

Listed below is a partial list of independent agents in Portland that may be able to give you competitive price quotes.

12700 NW Cornell RdPortland, OR 97229(503) 644-5333View Map

4415 NE Sandy Blvd Ste 200Portland, OR 97213(503) 249-7667View Map

5651 N Lombard StPortland, OR 97203(503) 206-6736View Map

More insurance agents

Exclusive Auto Insurance Agents

Agents in the exclusive channel can usually just insure with one company like AAA, Allstate, and State Farm. Exclusive agents are unable to provide prices from multiple companies so they are skilled at selling on more than just price. Exclusive insurance agents are well trained on the products they sell which can be an advantage.

Below is a short list of exclusive insurance agents in Portland who can help you get price quote information.

6305 SE Powell BlvdPortland, OR 97206(503) 771-2579View Map

8606 SE 17th AvePortland, OR 97202(503) 238-1903View Map

7850 SW Barbur BlvdPortland, OR 97219(503) 246-7753View Map

More insurance agents

Deciding on an car insurance agent requires more thought than just the price. Here are some questions you might want to ask.

Quote often and quote early

When trying to cut insurance costs, it’s a bad idea to buy less coverage just to save a little money. Too many times, an insured cut physical damage coverage only to discover later that it was a big error on their part. Your goal should be to buy enough coverage at the best price but still have enough coverage for asset protection.

We’ve covered many ideas to find cheap Chevy Camaro insurance in Portland. The key thing to remember is the more times you quote, the better your comparison will be. You may even discover the best rates are with a lesser-known regional company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.

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