How to Save on Chevy Camaro Insurance in Oakland

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Chevy Camaro insurance policy image courtesy of QuoteInspector.com

The recommended way to get low-cost car insurance rates in Oakland is to start doing an annual price comparison from insurance carriers who can sell car insurance in California. You can compare rates by completing these steps.

  1. Try to learn about how companies price auto insurance and the factors you can control to prevent rate increases. Many risk factors that cause high rates like speeding and a negative credit rating can be remedied by improving your driving habits or financial responsibility.
  2. Request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from one company like Progressive or State Farm, while agents who are independent can quote prices from multiple companies.
  3. Compare the price quotes to your existing policy to see if a cheaper rate is available in Oakland. If you find a lower rate quote and decide to switch, make sure there is no lapse in coverage.

The key thing to remember is to try to compare identical limits and deductibles on each quote and and to compare as many auto insurance providers as possible. Doing this helps ensure a fair rate comparison and a complete price analysis.

Discount Chevy Camaro insuranceUnfortunately, almost 70% of drivers have stayed with the same insurance company for at least the last four years, and nearly half have never even compared rates from other companies. California drivers can cut their rates by nearly 35% a year by just shopping around, but they underestimate the actual amount they would save if they replace their high priced policy.

Buying the cheapest auto insurance in Oakland is actually quite simple. If you have a current auto insurance policy, you will definitely be able to save money using this information. But California car owners do need to understand how the larger insurance companies price online insurance because it can help you find the best coverage.

Get cheaper Chevy Camaro insurance in Oakland with discounts

Some insurers do not advertise the complete list of policy discounts in an easy-to-find place, so the following list contains some of the best known and also the lesser-known credits that you can use to lower your rates.

  • Good Students Pay Less - Maintaining excellent grades may save you up to 25%. Most companies allow this discount up until you turn 25.
  • Multiple Policy Discount - If you can combine your auto and homeowners policy and insure them both with the same insurance company they may give you a discount of up to 20% and get you cheap Camaro insurance.
  • Driver's Education for Students - Teen drivers should participate in a local driver's education class as it will make them better drivers and lower rates.
  • Savings for New Vehicles - Putting insurance coverage on a new Camaro can save you some money due to better safety requirements for newer models.
  • Multiple Vehicles - Having several vehicles on one policy can reduce the rates for all insured vehicles.
  • Drive Safe and Save - Safe drivers can pay as much as 50% less as compared to drivers with claims.

Discounts save money, but please remember that most discounts do not apply to the overall cost of the policy. Most only cut specific coverage prices like liability, collision or medical payments. If you do the math and it seems like adding up those discounts means a free policy, companies don't profit that way. Any amount of discount will reduce the amount you have to pay.

The chart below illustrates the comparison of Chevy Camaro insurance costs with and without discounts applied to the policy premium. The rates are based on a female driver, no driving violations, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, homeowner, marriage, safe-driver, and multi-car discounts applied.

A few of the larger companies and some of the premium reductions they offer are:

  • State Farm has discounts for good driver, defensive driving training, passive restraint, multiple policy, anti-theft, safe vehicle, and accident-free.
  • Farmers Insurance discounts include mature driver, distant student, business and professional, electronic funds transfer, good student, pay in full, and youthful driver.
  • Progressive offers discounts including continuous coverage, online signing, online quote discount, homeowner, good student, and multi-vehicle.
  • GEICO policyholders can earn discounts including seat belt use, anti-lock brakes, federal employee, anti-theft, and emergency military deployment.
  • Auto-Owners Insurance has savings for paid in full, multi-policy, company car, good student, mature driver, and teen driver.
  • The Hartford may offer discounts for anti-theft, air bag, bundle, vehicle fuel type, defensive driver, driver training, and good student.
  • Farm Bureau may include discounts for safe driver, multi-vehicle, driver training, 55 and retired, multi-policy, and renewal discount.
  • USAA may have discounts that include new vehicle, safe driver, multi-policy, loyalty savings, and multi-vehicle.

When getting free Oakland car insurance quotes, it's a good idea to every insurance company which discounts they offer. A few discounts might not be available to policyholders in Oakland. If you would like to see a list of insurance companies with the best discounts in California, click this link.

Where can I get the cheapest Oakland Chevy Camaro insurance?

All the larger car insurance companies such as Progressive, GEICO, Allstate and State Farm make it easy to get pricing directly from their websites. Getting online quotes for Chevy Camaro insurance in Oakland is fairly straightforward as you simply type in your required coverages as detailed in the form. After the form is submitted, their system automatically retrieves your driving and credit reports and returns a price quote based on these and other factors. Getting online price quotes for Chevy Camaro insurance in Oakland makes it simple to compare prices and it's absolutely necessary to have as many quotes as possible if you want to get the most affordable car insurance rates.

To save time and find out how much you're overpaying now, compare rates now from the companies shown below. If you currently have coverage, we recommend you type in your coverages exactly as shown on your declarations page. Using the same limits helps guarantee you will have a rate comparison based on similar coverages.

The following companies provide price comparisons in Oakland, CA. If you wish to find cheap car insurance in Oakland, CA, we recommend you visit as many as you can in order to get a fair rate comparison.

Data for Chevy Camaro insurance

The premium information shown next highlights different insurance prices for Chevy Camaro models. Having a better idea how insurance quotes are figured can help drivers make smart choices when comparing insurance rates.

Chevrolet Camaro Insurance Rates in Oakland, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $300 $618 $574 $34 $172 $1,698 $142
Camaro LT $300 $618 $574 $34 $172 $1,698 $142
Camaro SS $336 $712 $574 $34 $172 $1,828 $152
Get Your Own Custom Quote Go

Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rate quotes do not factor in specific location which can lower or raise prices considerably.

Policy deductible comparison

One frequently asked question is at what level do you set your deductibles. The following tables may help to conceptualize the rate difference between low and high physical damage deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Chevrolet Camaro insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $386 $678 $442 $26 $132 $1,689 $141
Camaro LT $386 $678 $442 $26 $132 $1,689 $141
Camaro SS $430 $780 $442 $26 $132 $1,835 $153
Get Your Own Custom Quote Go
Chevrolet Camaro insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $238 $426 $442 $26 $132 $1,264 $105
Camaro LT $238 $426 $442 $26 $132 $1,264 $105
Camaro SS $266 $490 $442 $26 $132 $1,356 $113
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Premium costs do not factor in specific location which can influence auto insurance rates greatly.

We can derive from the above data that using a $250 deductible will cost you approximately $37 more each month or $444 every year averaged for all Camaro models than selecting the higher $1,000 deductible. Since you would have to pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have at a minimum 20 months between claim filings, you would most likely save money by going with a higher deductible.

How to calculate deductible break even point

Average monthly premium for $250 deductibles: $145
Average monthly premium for $1,000 deductibles (subtract): - $108
Monthly savings from raising deductible: $37
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $37
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 20 months

An important thing to remember is that increasing deductibles to save money results in a higher out-of-pocket expense when you have a physical damage claim. You will want to have some savings in the bank in the event you need to pay more to get your vehicle repaired.

The illustration below highlights how deductible choice and can raise or lower Chevy Camaro insurance costs for each different age category. The data is based on a single male driver, full coverage, and no discounts are taken into consideration.

Men versus women drivers and insurance cost

The example below illustrates the difference between Chevy Camaro insurance rates for male and female drivers. The price estimates are based on no claims or driving citations, comprehensive and collision coverage, $1,000 deductibles, marital status is single, and no policy discounts are applied.

Rate difference between full and liability-only coverage

The chart below illustrates the comparison of Chevy Camaro auto insurance rates with full physical damage coverage compared to only buying liability only. The information is based on no accidents, no driving violations, $1,000 deductibles, single status, and no additional discounts are factored in.

When to stop buying physical damage coverage

There is no clear-cut rule for dropping comp and collision coverage, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let's pretend your Chevy Camaro settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after paying the physical damage deductible. If you are paying more than $500 a year for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where removing full coverage is not advised. If you haven't satisfied your loan, you have to maintain full coverage to protect the lienholder's interest. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Informed Drivers Know How to Buy Auto Insurance More Affordably

One of the most helpful ways to save on auto insurance is to to have a grasp of some of the things that go into determining the price you pay for auto insurance. If you understand what impacts premium levels, this allows you to make educated decisions that may result in better auto insurance rates.

Listed below are some of the most common factors used by your company to calculate your rates.

  • Lower rates with a multi-policy discount - Most larger auto insurance companies will give discounts to insureds that have more than one policy in the form of a multi-policy discount. Even if you're getting this discount you still need to compare Chevy Camaro rates in Oakland to make sure you are getting the best deal.
  • Age of drivers - Beginning drivers in California are statistically proven to be more careless with other occupants in the car so they pay higher auto insurance rates. Older people are viewed as being more responsible, cause fewer claims and accidents, and are generally more financially stable.

    The next chart is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

  • Being married can lower premiums - Your spouse helps lower the price on your auto insurance bill. Having a significant other is viewed as being more financially stable it has been statistically shown that drivers who are married file infrequent claims.
  • Never go without auto insurance - Driving any period of time without insurance is against the law and companies may charge more for letting your insurance lapse for non-payment. Not only will rates go up, the inability to provide proof of insurance could earn you fines or a revoked license.
  • Save money by staying claim free - If you file claims often, you can definitely plan on increased rates or even have your policy non-renewed. Insurance companies in California give the best rates to people who are claim-free. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.
  • Liability coverage - Your policy's liability coverage is the coverage that protects you if ever a court rules you are at fault for damages from an accident. Your policy's liability insurance provides you with a defense in court which can cost thousands of dollars. This coverage is relatively inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Chevy Camaro historical loss data - Insurance companies use data from past claims to help determine the rate you pay. Vehicles that the data shows to have higher loss trends will cost more for specific coverages. The next table shows the historical loss data for Chevy Camaro vehicles.

    For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make or model, equals 100. Values that are 100 or less indicate a favorable loss history, while values over 100 point to more frequent losses or a tendency for claims to be larger.

    Insurance Loss Ratings for Chevrolet Camaro Vehicles
    Specific Chevrolet 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
    BETTER
    AVERAGE
    WORSE

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

Auto insurance can be complex

Always keep in mind that when comparing your policy for your vehicles, there really is no one size fits all plan. Everyone's situation is unique.

For instance, these questions might point out whether or not you would benefit from professional advice.

  • Do I need to call my car insurance company before buying a new car?
  • Am I better off with higher deductibles on my Chevy Camaro?
  • Should I file a claim if it's only slightly more than my deductible?
  • Is my custom paint covered by insurance?
  • Can I rent a car in Mexico?
  • What exactly is covered by my policy?
  • What is no-fault insurance?
  • Do I have coverage for damage caused while driving under the influence?
  • Does my insurance cover my expensive audio equipment?
  • What does medical payments coverage do?

If you're not sure about those questions, you might consider talking to an agent. To find an agent in your area, take a second and complete this form.

Insurance is available from your local insurance agencies

Certain consumers still like to buy from a local agent and doing that can be a smart decision The best thing about price shopping on the web is you may find cheap rate quotes and still have a local agent.

Oakland insurance agentsUpon completion of this form (opens in new window), your information is sent to local insurance agents in Oakland who want to provide quotes for your business. There is no reason to visit any agencies as quotes are delivered to you directly. You can find the lowest rates without a big time investment. If you need to get a comparison quote from a particular provider, you can always navigate to their website to submit a rate quote request.

Choosing an provider is decision based upon more than just the quoted price. These questions are important to ask:

  • Are there any discounts that you might be missing?
  • Will the quote change when the policy is issued?
  • Is the agent CPCU or CIC certified?
  • Can glass repairs be made at your home?
  • Are they in the agency full-time?
  • Are all drivers listed on the coverage quote?

Different types of Oakland car insurance agents

When researching a good insurance agency, it's important to understand the types of agencies that differ in how they can insure your vehicles. Insurance agencies in Oakland can be categorized as either exclusive agents or independent agents.

Exclusive Insurance Agents

Agents of this type can only quote rates from one company and some examples include State Farm, Allstate, or Farmers Insurance. These agents are not able to provide other company's prices so they are skilled at selling on more than just price. These agents receive a lot of sales training on what they offer which helps overcome the inability to quote other rates.

Shown below is a short list of exclusive insurance agencies in Oakland who can help you get price quote information.


1236 30th Ave - Oakland, CA 94601 - (510) 533-9712 - View Map


4170 Piedmont Ave c - Oakland, CA 94611 - (510) 594-2090 - View Map


638 Webster St #200a - Oakland, CA 94607 - (510) 282-7996 - View Map

View more Oakland agents

Independent Insurance Agents

These type of agents are not limited to a single company so they can quote policies with lots of companies and help determine which has the cheapest rates. To transfer your coverage to a different company, the business is moved internally and you stay with the same agent.

When comparison shopping, we highly recommend that you get quotes from a couple of independent agencies in order to have the best price comparison.

Listed below are Oakland independent insurance agencies who can help you get comparison quotes.

Links Insurance Services
1155 3rd St # 220 - Oakland, CA 94607 - (925) 361-5185 - View Map


1620 High St STE B - Oakland, CA 94601 - (510) 434-1801 - View Map


3560 Grand Ave - Oakland, CA 94610 - (510) 874-5700 - View Map

View more Oakland agents

Why car insurance is not optional

Despite the high cost, maintaining insurance is mandatory in California but it also protects more than you think.

  • The majority of states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance coverage in order to be legal. In California 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 bought your Chevy Camaro with a loan, it's guaranteed your bank will make it a condition of the loan that you buy insurance to protect their interest in the vehicle. If you default on your policy, the lender may have to buy a policy to insure your Chevy for a lot more money and make you pay the higher premium.
  • Car insurance preserves not only your Chevy but also your assets. It also can pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability insurance will also pay to defend you if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to repair the damage.

The benefits of buying car insurance definitely exceed the price paid, especially when you need to use it. According to a 2015 survey, the average American driver overpays as much as $825 a year so it's recommended you shop around once a year at a minimum to ensure rates are inline.

Cheap coverage is out there

As you go through the steps to switch your coverage, it's not a good idea to reduce needed coverages to save money. In many cases, someone dropped collision coverage only to regret at claim time that it was a big error on their part. The aim is to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.

Cost effective Chevy Camaro insurance can be found both online and with local Oakland insurance agents, so you should compare both in order to have the best chance of saving money. Some auto insurance companies may not have internet price quotes and many times these small, regional companies work with independent agents.

Insureds who switch companies do it for a number of reasons such as high prices, delays in responding to claim requests, denial of a claim or high rates after DUI convictions. No matter why you want to switch, switching auto insurance companies can be pretty painless.

More tips and info about auto insurance can be read in the articles below: