2010 Camaro Coupe Insurance Rates

[stermiester]

Originally Posted by 2MA

Alright people we have got to something about the insurance companies ripping us off. First of all men shouldn't pay more just because they're men, and i'm not saying that women should pay more than men either. I've got nothing against women or their driving but I seriously believe that men and women should be equal when it comes to insurance rates. Its true that in the past that there were more men than women that got into accidents, speeding tickets, both speeding and accidents, but that was the past. Folks I live in Arizona and you know what they have in Arizona...... a shit load of camera's everywhere. Now I'm not sure about other states arizona actually has cameras on the freeway. Now before it was just a certain area on the freeway, but now as they're expanding it by putting in a carpool lane they're putting cameras everywhere on the 101. Combine those cameras on the freeway and all the ones on streets and that equals a huge shit load of just speeding tickets. Now you're probably thinking why I'm even mentioning this and I'm about to explain it soon. With all these speeding tickets, the people are gonna have to pay for them and all that money pretty much goes to the state government. Now like I said before, this is all just from speeding tickets from cameras. Now we add the speeding tickets from getting pulled over (there's also tickets from drinking or from doing drugs but you shouldn't even be doing those things while you're driving anyway so i'm not counting those) and the tickets from accidents and what we get is an enormous amount of tickets which is an enormous amount of money for the state. Now here's my point. Chances are that other states are going to see what Arizona's doing they'll want to do the same and get some money out of it as well (probably not for a couple of years but they'll do it eventually). So in the end everyone's insurance rates are going to go up big time, and if the insurance companies don't make things fair its the men that are going to suffer the consequences only.
Insurance companies may think that men are more reckless drivers than women but they're not. They're the same (at least they are now).

WE NEED TO DO SOMETHING ABOUT THE UNFAIR TREATMENT MEN ARE GETTING FROM THE INSURANCE COMPANIES BEFORE ITS TOO LATE AND IT GETS WORSE BEYOND BELIEF!!!!!

Now i'll admit mentioning the whole situation in arizona and its cameras may have been a little dumb but i was trying to give an example of what could possibly happen and how men will be suffering. Please tell me of what you all think. Do you believe that men should pay equally as women, or do you think that it should stay the same as it is right now with women paying a lot less then men? And If men should pay the same as women, what do you think people should do to change that?

basically what he means by this is stop mens suffrage! hahah i had to say something it reminded me of a skit on The Man Show.

[okernan6.2]

Originally Posted by 13F20

Chewy: Florida is the problem. I live in Ga. FL will always have higher inshurance rates for cars like that.

okernan6.2: dude how did you pull $91.67 per month? also I thought insurance companies only did 6mo policies, not one year policies. Not hating on you just a little confused here. Normally under 25 year old males have higher insurance rates that 25 and older. Now you are 23 yrs old and requesting full coverage on a 2008 mustang. Getting that rate at $91.67 per month. I am 29 years old and had full coverage on a 2007 Nissan 350Z paying $91.00 per month coming to $516.00 for 6 mo. Now how does that happen? Insurance rates get cheaper the older you get not higher.

My bad 1100/6 mo., meant to type 6 mo., but but year in by accident! But I still think that 1100/6 mo isnt bad for a young guy like myself. I did 09 Challenger and it was like 1500/6 mo. I hope they have Camaro up soon. All of these quotes came from Progressive. I have heard State Farm and Farmers have pretty good rates as well.

[Grape Ape]

FYI: you can't really compare rates because location makes a big difference. I just raised my insurance almost $300/yr (fot two drivers & cars) by moving 10 miles. I've heard that credit scores count to.

[ChevaroSS]

im 20 and live in nj. My full coverage is 180 month for an 08 altima coupe 3.5. Im on my parents policy w usaa.

[Rogue Leader]

Hi all, I have lurked here for a while and After seeing this thread and the misinformation everywhere (through no fault of your own, insurance is a confusing business and you have to work for a company in the business to truly understand it), I felt compelled to join and shed some light on this subject.

Firstly let me say I have had a deposit down for MSRP on a 2010 Camaro SS since June. I just sold my 2000 Vette to make the down payment in February (or whenever lol).

Secondly, let me qualify my knowledge. I formerly worked for one of the top 5 largest auto insurers in the country, I was a licensed agent in over 30 states, I've worked in both sales and underwriting of policies as well as research into risk factors, actuarial work, and so forth. Needless to say, I know what I am talking about.

A few things:

- The Corvette is NOT a Luxury car, its not rated as a luxury car, I don't know who told anyone that but its WRONG. The Corvette is a Sports car and rated as such, and not only that, would likely be rated higher than any Camaro (even a brand new one) regardless of horsepower due to cost to repair. I've owned a Corvette, the tax sucks.

- Trying to guess what anyone elses insurance is, is pissing in the wind. Every insurance company uses different factors (obviously all use the same basic age, driving history, location, etc). Some weight those higher, some lower, some use other factors as well. Every company can use anywhere from 10-50 different factors that you would never even expect but they have enormous amounts of data to back up, and weight them at many different levels. Not only that but each state has requirements of how they use those factors as well (thats what all the back up data is for, states require the factors to be proven accurate beyond a reasonable doubt). Each company has sophisticated computer programs now used to rate policies. NOBODY can just do it off the top of their head or guesstimate. I manually rated a policy once, it took me over 2 hours, it sucked. ASIDE from the fact that who knows what the other person's policy limits are as well which can have a huge effect..

- To 2MA. Speed camera tickets (or any camera tickets for that matter) are not listed on your license. Reason being is anyone can be driving the car, not necessarily the owner and there is no way to prove the registered owner was the driver when the photo was taken. Those tickets are simply fines, and are NOT counted by your insurance company (unless you are dumb enough to tell them about it). PS there is mountains of data proving who is a better or worse driver, that said the male/female factor is not as large as one might think in my experience (and yes I was licensed in Arizona too).

- The 6 month policy works to your benefit. Why you ask? Insurance companies are only allowed to surcharge (add a specific charge to your policy; say $50 or $100) for 3 years from the date of a violation or accident (in some states less), as of the date the policy begins. That means if you have a 1 year policy that starts in January and your accident or ticket becomes over 3 years old in March, you will pay that surcharge until the policy renews in January again. However if your policy is only 6 months they must remove that surcharge in July when it renews.

Now to those concerned about what their new Camaro will cost to insure, some tips:

- Don't get tickets, easier said than done haha! But don't just volunteer information to your insurance company, they are going to run your license anyway, you would be surprised what records mysteriously don't show up. Plus some rate longer than your license history saves. (example, NY keeps moving violations and suspensions listed for 3 years, however most NY insurers ask for 5 years of driving history). PS Seatbelt tickets are moving violations, I don't care what the cop tells you, hes just telling you that so you dont complain. Aside from camera tickets and parking tickets, anything else you can get WILL show up.

- Good credit is important. Whether you like it or not, in any state its allowed insurance companies use this factor. And its NOT your regular credit score. It uses credit data to extrapolate an insurance risk score which is different than the credit score you would see if you got a loan or a mortgage. This should go without saying as I'm sure you all don't want to pay 20% interest on your Camaro. Pay off your credit cards and don't carry a balance, pay payments on time. Things like that go a long way. Its a measure of responsibility, and its also proven to be the most accurate rating factor ever used by insurance companies.

- Shop around! I cannot stress this enough, remember earlier I said all insurance companies rate differently? Well some insurance companies factors work out better for some people than others. What have you got to lose? 5 more minutes? Call or go online with every company you can. And don't believe that BS from Progressive and esurance about giving you other companies quotes, they aren't accurate, go back to those companies and try them.

- Don't waste your time buying anti-theft devices like Lojak or more alarms for a discount, the discount is VERY minimal, buy them because you want your car back if the worst happens, otherwise don't bother.

- Putting your Camaro in your mom or girlfriend's name may help, until you have a claim or accident. In SOME states they can deny your claim due to misrepresentation, but usually they will pay anyway, and then drop you, or jack your rates up.

- If you are under 25, staying on your parents policy is a great idea, it will save you a bundle, HOWEVER if you do something stupid, its their responsibility.

If you stay clean your rates can be cheap even in an expensive place like NY where I live, I am 28 and have a clean record and the most impeccable credit you will ever see, I paid $75 per month for high liability limits, and $500 deductables on my 2000 Vette.

Good Luck!

[Evotion]

As posted above... It's too hard to even ballpark. I thought for sure when I added the latest car to the plan it would have been a bit of an increase, but it turned out working in my favor.

37 year old, married male with lots of prior (5 yrs or more) tickets. But as it stands, I pay 158 a month for full coverage on the 01 Z-71, and the 06 Evo (which could never be mistaken for any less than it is). Company is Progressive (no one else would insure me at the time I bought my truck except them). I have no doubt that the multi car discount helps also.

[Croathlete]

Great post Rogue Leader! I know what's going to hurt me the most is living in NYC. I'll be 25 with no tickets *knock on wood*, and a great credit history. I know Geico takes into account your occupation, level of education, etc, so I hope little things like that can add up in my favor.

I really don't know what to expect as an insurance payment, but I'm just hoping that it doesn't cause me to have to drop to the V6...not that there's anything wrong with that!!!

[Txturbo]

Originally Posted by linkwpc

I'm 27 and had one accident... yeah $700 a month.... I really do not know why. but that was I got when I looked it up.... Maybe its the area, los angeles rates suck!

rates will also be high if you have bad credit.....and last time I checked...they don't ask if a car has a v8 or v6. They will probably be the same price.

[Rogue Leader]

Originally Posted by Txturbo

rates will also be high if you have bad credit.....and last time I checked...they don't ask if a car has a v8 or v6. They will probably be the same price.

They don't have to ask, the VIN tells the insurance company everything.

[Angrybird 12]

With the car not even out it is hard to even speculate what the rates would be, but one way to do it is get a rate quote for a comperable mustang. that will put you in the ballpark.

I have no idea how they figure car insurance rates, I have 4 cars, the cheapest is my 82 El Camino... the most expensive is my 2005 Jeep Liberty.
I have the same coverage on all my vehicles.
in order of least to most expensive

1982 Chevy El Camino est Value $9,000
2007 Chevy HHR book Value $12,000
2008 Saturn Sky book Value $21,000
2005 Jeep Liberty book Value $12,000

from the cheapest to the most expensive there is about 80 dollars every 6 months.

[EllwynX]

Originally Posted by Rogue Leader

- If you are under 25, staying on your parents policy is a great idea, it will save you a bundle, HOWEVER if you do something stupid, its their responsibility.

That is the exact reason my parents told me before I ever even got my license that I would NOT be allowed on their policy. I would have to pay for my own if I wanted to drive...

And I understand and agree with their decision. I would do the same if I had kids.

[Rogue Leader]

Originally Posted by EllwynX

That is the exact reason my parents told me before I ever even got my license that I would NOT be allowed on their policy. I would have to pay for my own if I wanted to drive...

And I understand and agree with their decision. I would do the same if I had kids.

Oh I agree, the call I got from the guy trying to get a policy for himself with his son in the household who had things such as driving on the sidewalk, driving the wrong way in traffic, and vehicular manslaughter (I kid you not), and he couldn't get coverage for himself made that clear!

[Angrybird 12]

Originally Posted by EllwynX

That is the exact reason my parents told me before I ever even got my license that I would NOT be allowed on their policy. I would have to pay for my own if I wanted to drive...

And I understand and agree with their decision. I would do the same if I had kids.

It does not matter if you are on the same policy, if you are in the same household you are considered a driver of any car in that household, therefore if you child screws up several time (as mine did) you could be threatened with cancellation... I was... I got out of it becaues he was in the military and not really living at home, our address was just being used for his state of residence... So be sure before you get your own policy that you will be considered completely seperate from your parents....

[EllwynX]

Originally Posted by Skyman 08

It does not matter if you are on the same policy, if you are in the same household you are considered a driver of any car in that household, therefore if you child screws up several time (as mine did) you could be threatened with cancellation... I was... I got out of it becaues he was in the military and not really living at home, our address was just being used for his state of residence... So be sure before you get your own policy that you will be considered completely seperate from your parents....

This may be true, but at least if I were in an accident they would not be suing my parents. That was their concern.

I can say from experience with MY insurance company that living with someone with a bad driving record will NOT affect my insurance in any way. My friend I live with was on my insurance originally (he bought a beat up car and we put it in my name) as a driver. When he got a few tickets and an accident I was informed by my insurance agency that he had to be removed from my policy and HAD to get his own insurance or I would be cancelled.

As long as he had his own insurance he could do whatever he wanted, it didn't affect mine in any way despite our living together.

He has since improved his driving and has his own policy with the same insurance company I do.