INSURANCE RATES - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

RECOUPED · 11-19-2011, 07:42 AM

Last night I checked the insurance rates for a new 2011 Camaro 2SS against a new 2011 Mustang GT with my insurance company. Guess what. The Camaro will cost me $400 LESS a year. I asked why when the Camaro cost more to purchase. The answer, it's a number of things like how many accidents the car has been in (Ford drivers can't drive LOL), cost of repairs, passenger safety etc. So maybe the Mustang isn't cheaper or is it? heh heh heh.

FORD= FUEL, OIL & REPAIR DAILY (Sorry just couldn't resist)

air1kdf · 11-19-2011, 09:37 AM

Good to know. Thanks for the info.

I've had similiar things happen. It's my experience that the cost of insurance has nothing to do with the value of the vehicle. If the insurance company isn't paying out much money on claims, the cost is way cheaper.

Mark1SS · 11-19-2011, 12:26 PM

Ya, I couldn't believe how low my premiums are. $286 six months. My charger RT was $450!

paul84043 · 11-19-2011, 12:29 PM

Yep, we traded in a 2010 VW Jetta Sportwagen on the 2010 Camaro 2SS/RS and our rates went DOWN $150 a year.
The insurance told us that both cars were the same "symbol" as far as they're concerned, the same category.
I thnk one thing about the Camaros is that they tend to be a little more pricey than the Mistakes, so not as many "kids" rodding them into phone poles, and that there aren't as many on the road. All demographics.....

Supermaro585HP · 11-19-2011, 12:55 PM

I have a 2010 Tahaoe LTZ and a 2011 Camaro SS and my Tahoe cost about double what the Camaro did. My Insurance for the Tahoe is cheaper then the Camaro. Make sure if you do any mods to your Camaro to tell your insurance company because if you total it you will not get money for the mods. I use Geico and I just told them my mods (supercharger,Exhaust,painted strips, Stereo and some other goodies) and it only went up $40.00 for 6 months. I think I have around $20,000 in mods. Sorry for the picture but I'm trying to figure this shit out. LOL

jandaseve · 11-19-2011, 01:08 PM

Quote:

Originally Posted by Mark1SS

Ya, I couldn't believe how low my premiums are. $286 six months. My charger RT was $450!

Same here, went from an '06 charger rt to an '11 camaro ss and my premium dropped around 20%

Maxspeed · 11-19-2011, 03:45 PM

I'm paying $650ish for a year.

rm2092 · 11-19-2011, 03:57 PM

Yep the SS will cost less then a new Mustang GT, go figure I went threw this when I could not decide witch to buy.

Wakemaker89 · 11-19-2011, 04:43 PM

the difference for me was negligible between the two... something like $0.30 difference a month. then again I'm only 22 and paying about $1200 a year for insurance so I'm sure both rates would be equally high.

OrangeVert · 11-19-2011, 04:56 PM

Quote:

Originally Posted by air1kdf

Good to know. Thanks for the info.

I've had similiar things happen. It's my experience that the cost of insurance has nothing to do with the value of the vehicle. If the insurance company isn't paying out much money on claims, the cost is way cheaper.

THAT friends, is what it's all about!!

Quote:

Originally Posted by Supermaro585HP

I have a 2010 Tahaoe LTZ and a 2011 Camaro SS and my Tahoe cost about double what the Camaro did. My Insurance for the Tahoe is cheaper then the Camaro. Make sure if you do any mods to your Camaro to tell your insurance company because if you total it you will not get money for the mods. I use Geico and I just told them my mods (supercharger,Exhaust,painted strips, Stereo and some other goodies) and it only went up $40.00 for 6 months. I think I have around $20,000 in mods. Sorry for the picture but I'm trying to figure this shit out. LOL

No worries, Supermaro. Wow, $20k in mods? Beautiful ride!!

Quote:

Originally Posted by Wakemaker89

the difference for me was negligible between the two... something like $0.30 difference a month. then again I'm only 22 and paying about $1200 a year for insurance so I'm sure both rates would be equally high.

The good news is, the rates come down as you get older. The bad news is, you won't be able to see as good or move around as easy.

But I hit 50 next month, and so far its not as bad as poeple have told me.

MikeGstayUp · 11-19-2011, 05:51 PM

I sell and service auto insurance and every time this topic comes up I sit back and laugh because everybody is an expert.
Bottom line is that rates are based on statistics and the rates will be different from person to person.

Rickey · 11-19-2011, 05:52 PM

around here you cannot swing a dead cat without hitting a Mustang, so it makes sense they are in alot more accidents.

jandaseve · 11-19-2011, 06:01 PM

Quote:

Originally Posted by Rickey

around here you cannot swing a dead cat without hitting a Mustang, so it makes sense they are in alot more accidents.

Same here, mustangs a dime a dozen. Even seems to be more challengers than camaros in my area.

1BADLS3 · 11-19-2011, 06:11 PM

For the same coverage, my 6 month premium dropped about $50 between my '09 Colorado and my '11 SS. It was in a higher rate class because it had 4-wheel drive, and interestingly enough, that's the only vehicle in which I've had an accident. Offroad. at almost 10,000'.

11-19-2011, 07:42 AM	#1
RECOUPED Drives: 2017 GARNET RED TINTCOAT 2SS M6 Join Date: Jul 2010 Location: NEW YORK Posts: 39	INSURANCE RATES Last night I checked the insurance rates for a new 2011 Camaro 2SS against a new 2011 Mustang GT with my insurance company. Guess what. The Camaro will cost me $400 LESS a year. I asked why when the Camaro cost more to purchase. The answer, it's a number of things like how many accidents the car has been in (Ford drivers can't drive LOL), cost of repairs, passenger safety etc. So maybe the Mustang isn't cheaper or is it? heh heh heh. FORD= FUEL, OIL & REPAIR DAILY (Sorry just couldn't resist)

11-19-2011, 03:45 PM	#7
Maxspeed ~COTW 6/30/14~ Drives: 2011 Camaro SS/RS Join Date: Oct 2011 Location: Mansfield Mass Posts: 2,906 View My Garage	I'm paying $650ish for a year. __________________ Mods: Heritage Grill, Blade Spoiler, Corrado Hoodliner Mural, Premium Engine Boxes, Radiator Shroud, Custom Painted Bowties, Dipstick & Engine Caps, RX Catch Can, Corsa cat back exhaust, CAI black powder coat cold air, Apex cold air intake scoop and Apex washer tank relocate kit, Dynatech SuperMAXX Ceramic Coated LT Headers, High Flow Cats, JRE470 Rough Idle Cam Package, DSS 1,000 RWHP Axels, Slowhawk Mustang Dyno Tune, QTP QTEC 66 Low Profile Cutouts and iTSX. 453 RWHP 427 RWTQ WEB LINKS BUILD TIMING CHAIN FAILURE TRANSITION FROM STOCK TO CAM VID

11-19-2011, 03:57 PM	#8
rm2092 Drives: 2016 Mustang 5.0 Join Date: Jun 2011 Location: New Orleans Posts: 363	Yep the SS will cost less then a new Mustang GT, go figure I went threw this when I could not decide witch to buy. __________________ 2016 5.0 Deep Impact Blue 300A pkg, New Orleans. MODS: Roush axle-back exhaust, AEM DryFlow filter, Gloss Black PP wheels. New Orleans FaceBook Mustang Club https://www.facebook.com/groups/NewOrleansS550/

11-19-2011, 04:43 PM	#9
Wakemaker89 Drives: 2020 Summit White LT1 M6 Join Date: Sep 2011 Location: Dallas, TX Posts: 1,033 View My Garage	the difference for me was negligible between the two... something like $0.30 difference a month. then again I'm only 22 and paying about $1200 a year for insurance so I'm sure both rates would be equally high. __________________ 2020 Summit White LT1 M6

11-19-2011, 05:51 PM	#11
MikeGstayUp Drives: 2013 SS in the future Join Date: Aug 2011 Location: The Sun, Arizona is really hot! Posts: 282	I sell and service auto insurance and every time this topic comes up I sit back and laugh because everybody is an expert. Bottom line is that rates are based on statistics and the rates will be different from person to person. __________________ Important thread- Please share. Don't text and drive.

11-19-2011, 09:37 AM	#2
air1kdf Drives: his 45th SS everywhere Join Date: Sep 2011 Location: Louisville, KY Posts: 146	Good to know. Thanks for the info. I've had similiar things happen. It's my experience that the cost of insurance has nothing to do with the value of the vehicle. If the insurance company isn't paying out much money on claims, the cost is way cheaper.

11-19-2011, 12:26 PM	#3
Mark1SS Drives: 2012 1SS Delivered! Join Date: Aug 2011 Location: Arvada, CO Posts: 134	Ya, I couldn't believe how low my premiums are. $286 six months. My charger RT was $450!

11-19-2011, 12:29 PM	#4
paul84043 Drives: 2015 Camaro 2SS RS 1LE Join Date: Nov 2011 Location: Lehi, Utah Posts: 1,349 View My Garage	Yep, we traded in a 2010 VW Jetta Sportwagen on the 2010 Camaro 2SS/RS and our rates went DOWN $150 a year. The insurance told us that both cars were the same "symbol" as far as they're concerned, the same category. I thnk one thing about the Camaros is that they tend to be a little more pricey than the Mistakes, so not as many "kids" rodding them into phone poles, and that there aren't as many on the road. All demographics.....

11-19-2011, 12:55 PM	#5
Supermaro585HP Account Suspended Drives: 2011 Camaro SS RS Join Date: Aug 2011 Location: Pittsburgh, PA Posts: 1,186 View My Garage	I have a 2010 Tahaoe LTZ and a 2011 Camaro SS and my Tahoe cost about double what the Camaro did. My Insurance for the Tahoe is cheaper then the Camaro. Make sure if you do any mods to your Camaro to tell your insurance company because if you total it you will not get money for the mods. I use Geico and I just told them my mods (supercharger,Exhaust,painted strips, Stereo and some other goodies) and it only went up $40.00 for 6 months. I think I have around $20,000 in mods. Sorry for the picture but I'm trying to figure this shit out. LOL

11-19-2011, 05:52 PM	#12
Rickey IOM4EVR Drives: 2010 Camaro LT1/RS Join Date: Jan 2010 Location: Jacksonville, NC Posts: 254 View My Garage	around here you cannot swing a dead cat without hitting a Mustang, so it makes sense they are in alot more accidents.

11-19-2011, 06:11 PM	#14
1BADLS3 Drives: Sold: 2011 2SS/RS Join Date: Dec 2010 Location: United States Posts: 1,896	For the same coverage, my 6 month premium dropped about $50 between my '09 Colorado and my '11 SS. It was in a higher rate class because it had 4-wheel drive, and interestingly enough, that's the only vehicle in which I've had an accident. Offroad. at almost 10,000'.

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