Save Money on Chevy Camaro Insurance in Bakersfield

We don’t have to point out that fact that auto insurance companies want to keep you from comparing prices. Insureds who shop around for a cheaper policy are highly likely to switch to a new company because the odds are good of finding a lower-priced company. A recent survey revealed that consumers who compared prices once a year saved on average $70 a month compared to people who never compared rates.

If saving money on Chevy Camaro insurance in Bakersfield is the reason for your visit, then having a grasp of how to compare car insurance can make shopping around easier.

The recommended way to find affordable quotes for car insurance rates in Bakersfield is to compare prices once a year from different companies that insure vehicles in California. You can compare prices by completing these steps.

• First, read and learn about coverages and the things you can control to keep rates in check. Many factors that result in higher rates like speeding tickets, careless driving and your credit history can be controlled by making minor changes to your lifestyle.
• Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like GEICO and Allstate, while independent agencies can quote rates from many different companies.
• Third, compare the new rates to your existing rates to determine if switching companies saves money. If you can save money and decide to switch, make sure there is no lapse in coverage.

The key aspect of shopping around is that you’ll want to compare identical deductibles and limits on each quote request and and to get prices from as many companies as you can. This guarantees an accurate price comparison and and a good selection of different prices.

If you have coverage now, you stand a good chance to be able to get lower rates using the ideas covered in this article. Finding the cheapest insurance coverage in Bakersfield is much easier if you know where to start. But California consumers must learn how the larger insurance companies set your policy premium.

When looking for low cost Bakersfield car insurance quotes, there are a couple ways to compare quotes from many different California insurance companies. The best method to compare Chevy Camaro insurance prices is simply to get online rate quotes.

It’s so fast and easy to compare rates online that it replaces the need to spend time driving to insurance agencies in your area. The ability to buy insurance online eliminates this option unless you’re the type of person who wants the professional advice of a local Bakersfield agent. It is possible to compare the best prices online but buy the policy through an agent.

Keep in mind that obtaining a wide range of quotes provides better odds of finding lower pricing. Not every company does online rate quotes, so it’s important to also get price estimates from them, too.

The providers in the list below provide free quotes in California. If multiple providers are shown, we recommend you get rates from several of them to get the most affordable price.

Chevy Camaro insurance analysis

The rate information shown next highlights estimates of prices for Chevy Camaro models. Having a good understanding how insurance prices are established can benefit drivers when making informed decisions.

Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Rate information does not factor in vehicle garaging location which can change premium rates noticeably.

Analysis of deductible levels

One of the more difficult decisions when buying car insurance is at what level do you set your deductibles. The rates shown below may help to illustrate how much more you’ll pay of buying low and high coverage deductibles. The first data set uses a $250 physical damage coverage deductible and the second data table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Price estimates do not factor in vehicle garaging location which can decrease or increase rates significantly.

Based on the data above, we can derive that using a $250 deductible will cost you approximately $20 more each month or $240 every year than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 13 months between claim filings, you would come out ahead by selecting a higher deductible.

The example below shows how choosing a deductible and can raise or lower Chevy Camaro yearly insurance costs for each different age group. The costs are based on a single female driver, comp and collision included, and no discounts are taken into consideration.

Premiums by gender and age

The illustration below shows the difference between Chevy Camaro annual premium costs for male and female drivers. The rates are based on no tickets, no at-fault accidents, full physical damage coverage, $1,000 deductibles, marital status is single, and no additional discounts are factored in.

Cost comparison with and without full coverage

The chart below visualizes the comparison of Chevy Camaro insurance premiums with full coverage and liability only. The data assumes no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are applied to the premium.

When to stop buying full coverage

There is no specific rule that is best for determining when to drop full coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it could be time to drop full coverage.

For example, let’s assume your Chevy Camaro claim settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after the deductible is paid. If it’s costing in excess of $200 a year to have full coverage, then it may be the right time to buy liability only.

There are some scenarios where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Save Money with These Tips

Smart consumers have a good feel for the different types of things that help determine your policy premiums. If you understand what influences your rates, this allows you to make educated decisions that can help you get cheaper rates. Multiple criteria are part of the equation when quoting car insurance. Some factors are common sense like a motor vehicle report, but other factors are less apparent like your continuous coverage and annual miles driven.

The following are just a few of the factors auto insurance companies consider when setting prices.

Vehicle risk affects costs – The performance level of the car or truck you own makes a significant difference in your car insurance bill. The lowest performance passenger vehicles usually have the lowest rates, but other factors influence the final cost greatly.

The following chart is based on a single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. The data compares Chevrolet Camaro policy rates compared to other models that have different performance risks.

Get better rates if married – Having a significant other can get you a discount on your policy. It usually means you are more mature and responsible and it’s statistically proven that married drivers get in fewer accidents.

Auto insurance rates and your employer – Do you have a high-stress occupation? Jobs such as real estate brokers, air traffic controllers, and accountants usually pay higher premiums than the average policyholder because of intense work requirements and lots of time spent at work. Other careers like farmers, historians and retirees pay the least.

Save money with theft deterrents – Owning a car with anti-theft technology or alarm system can help lower your premiums. Theft prevention devices like GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart car theft and help bring rates down.

Frequent claims will cost you – Companies in California provide cheaper rates to insureds who are claim-free. If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Insurance coverage is intended for more catastrophic claims.

Chevy Camaro claim probability – Auto insurance companies use past loss statistics for each vehicle to help determine the price you pay. Models that are shown to have increased losses will cost more for specific coverages. The table shown below demonstrates the historical loss data for Chevy Camaro vehicles.

For each type of coverage, the loss probability for all vehicles, regardless of make or model, is equal to 100. Percentage numbers below 100 indicate better than average losses, while numbers shown that are more than 100 point to more losses or statistically larger claims.

Why you need Camaro insurance in California

Even though Bakersfield Camaro insurance rates can get expensive, buying car insurance serves several important purposes.

• Almost all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability insurance coverage in order to license the vehicle. 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 took out a loan on your Camaro, almost every bank will force you to buy insurance to guarantee loan repayment. If you do not pay your insurance premiums, the bank will be required to insure your Chevy at a much higher premium rate and force you to reimburse them much more than you were paying before.
• Car insurance protects both your assets and your Chevy. It will also cover hospital and medical expenses incurred in an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if you are named as a defendant in an auto accident. If your Chevy gets damaged, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of insuring your car definitely exceed the cost, especially if you ever need it. But the average American driver is wasting up to $865 each year so it’s important to compare rates once a year at a minimum to help ensure money is not being wasted.