Is a Camaro a sports car on insurance?

Yes, a Chevy Camaro is a sports car — and your insurance company will likely take note of that fact when writing premiums. That's because insurance premiums must account not just for the value of the insured vehicle, but also for the risk of crashes, theft and other perils. Cars like the Camaro, which are built for high-speed, high-power performance, inherently carry a higher risk of the type of driving that can lead to crashes.

How much is insurance on a Camaro for a teen boy?

Teen drivers — especially boys — may pay sky-high rates for Chevy Camaro insurance. The average annual premium for an 18-year-old male on their own insurance is $7,611, or $634 per month. For a married couple with a 16-year-old male driver on their policy, the average rate is $494 per month. Add a sports car into the mix, and rates can quickly climb as high as $10,000 per year, or $800 or more per month.

Is insurance cheaper on a Mustang or a Camaro?

On average, car insurance for a Chevy Camaro costs 13 percent less than the same coverage for a Ford Mustang GT. That said, there's a significant range in both purchase price and insurance premiums across both models. For instance, insurance for a Camaro ZL1 with a supercharged V8 engine and Chevy's “Extreme Performance” package may cost more than the same coverage for a Ford Mustang EcoBoost with Co-Pilot360 driver aids.

Car Insurance for Chevrolet Camaro

How much does it cost to insure a Chevrolet Camaro?

On average, car insurance for a Chevy Camaro costs $3,052 per year for full coverage. Minimum coverage for the same car averages $788 per year. Camaro owners typically pay 14 percent more for car insurance than the national average.

Insuring a muscle car like the Camaro usually comes with added costs — and those costs can mount considerably depending on the options you select. Insurance companies may take the size of your engine and your Camaro's body style into account when calculating your premium, along with personal rating factors like your age, location and credit history.

$3,052 Avg annual full coverage
insurance premium

$788 Avg annual min coverage
insurance premium

Manufacturer's suggested retail price (MSRP): From $32,495

Trims available: 1LT, 2LT, 3LT, LT1, 1SS, 2SS, ZL1

Repair costs

Because the Camaro was discontinued after the 2024 model year, finding replacement and repair components may become more difficult and add to the cost of repairs. Insurance companies charge more to insure cars that are costly to fix.

Safety features

As a muscle car built for power and performance, the Camaro has a light touch when it comes to safety equipment. Insurance companies may view lower trims without advanced driver assistance aids as a higher risk.

Crash ratings

The 2024 Chevy Camaro received mixed ratings in crash tests conducted by the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety, which could impact the cost of coverage.

Cheapest car insurance companies for a Chevrolet Camaro

There's no single car insurance company with the cheapest rates overall for Chevy Camaro owners. Instead, the best way to find affordable coverage for a Camaro is to compare rates from multiple companies based on your personal information and your vehicle's exact specifications. To get the process started, Bankrate conducted an analysis of average premiums from Quadrant Information Services.

How much does it cost to insure my Chevrolet Camaro?

The carriers listed below have the lowest average full coverage premiums for a 2023 Chevrolet Camaro, according to Bankrate's analysis of top-rated insurers with national or broad regional coverage.

2023 Chevrolet Camaro car insurance premium by carrier


Auto-Owners	$2,016	- $1,036
USAA	$2,225	- $827
Progressive	$2,335	- $717
Nationwide	$2,349	- $703
Geico	$2,735	- $317

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Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Powered by Coverage.com (NPN: 19966249)

Advertising disclosure

This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Insurance disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Other car insurance coverage for a Chevrolet Camaro

State minimum coverage is enough insurance for you to legally hit the road, but your lender may require higher coverage limits. Even if you don't finance your Camaro, additional coverage types can provide valuable financial protection. To determine how much car insurance you need for a Chevy Camaro, you may want to work with a licensed professional or consider some of the following options:

High liability limits: The Camaro is built for fun, high-speed driving — in other words, driving that carries a high risk of crashes. In order to protect yourself financially in the event of a crash you might be found responsible for, make sure your liability limits equal or exceed your assets.
Comprehensive and collision coverage: Without full coverage, you can't file a first-party claim with your insurer for physical damage to your vehicle caused by a wide variety of incidents, from a highway crash to theft to storm-downed trees. Even if it's not a lender requirement, you may want to maintain this coverage.
Gap insurance or new car replacement: Adding one of these endorsements to your policy can help cover your loan balance or the cost of a replacement if your Camaro is totaled shortly after purchase.

How to get a Chevrolet Camaro car insurance quote

You can get an insurance quote for your car online, over the phone or in person, depending on the insurer. If you're in the market for a new vehicle, comparing quotes before you sign on the dotted line can help you determine how different models would fit into your budget. Here’s a step-by-step guide to gathering and comparing quotes:

Gather personal details: You’ll likely be asked to provide your name, address, date of birth and driver’s license number, as well as the make, model and year of your car — and potentially the vehicle identification number (VIN). If you haven't purchased a car yet, you may be able to get sample quotes by providing an agent with the make and model.
Use online quote tools: To expedite the process of shopping around, you might consider using comparison websites or apps that allow you to get quotes from multiple insurers at once. Alternatively, go directly to insurance company websites and use their online quote tools to receive personalized quotes.
Provide driver details and mileage: You could be asked for specific details about your vehicle, including add-on features or modifications. You might also need to provide your average annual mileage and how the vehicle is primarily used (e.g., for business purposes or personal use). Additionally, you’ll need to provide accurate information about all drivers who will be covered by the policy, including their driving history, age and relationship to you.
Review quotes: Compare the quotes you receive, paying attention to coverage options, limits, deductibles and overall cost. Insurance experts also recommend reviewing customer service scores, financial strength ratings, digital tools and customer reviews to get a holistic view of how a carrier will meet your needs.
Select carrier and apply: Choose the insurance policy that best fits your needs and budget. Complete the application process by providing any additional required information and making your first premium payment.

Compare Chevrolet Camaro with other similar cars

Chevrolet Camaro Avg annual full coverage premium $3,052 Read More	Ford Mustang Avg annual full coverage premium $3,528 Read More	Dodge Challenger Avg annual full coverage premium $3,695 Read More
Price (MSRP)
$32,495	$31,920	$34,395
NHTSA Safety rating The NHTSA uses a 5-star rating program to evaluate how vehicles perform in crash tests based on frontal, side and rollover collisions.
5 stars	5 stars	5 stars
Gas mileage
18-29 mpg	22-33 mpg	19-30 mpg
IIHS/HLDI Collision insurance losses The IIHS and HLDI collect data on how insurance losses for specific models compare to the average for all passenger vehicles. These results are adjusted for deductible and specifically for collision claim losses.
Substantially worse than average	Substantially worse than average	Substantially worse than average

Frequently asked questions

Yes, a Chevy Camaro is a sports car — and your insurance company will likely take note of that fact when writing premiums. That's because insurance premiums must account not just for the value of the insured vehicle, but also for the risk of crashes, theft and other perils. Cars like the Camaro, which are built for high-speed, high-power performance, inherently carry a higher risk of the type of driving that can lead to crashes.
Teen drivers — especially boys — may pay sky-high rates for Chevy Camaro insurance. The average annual premium for an 18-year-old male on their own insurance is $7,611, or $634 per month. For a married couple with a 16-year-old male driver on their policy, the average rate is $494 per month. Add a sports car into the mix, and rates can quickly climb as high as $10,000 per year, or $800 or more per month.
On average, car insurance for a Chevy Camaro costs 13 percent less than the same coverage for a Ford Mustang GT. That said, there's a significant range in both purchase price and insurance premiums across both models. For instance, insurance for a Camaro ZL1 with a supercharged V8 engine and Chevy's “Extreme Performance” package may cost more than the same coverage for a Ford Mustang EcoBoost with Co-Pilot360 driver aids.

Bankrate utilizes Quadrant Information Services to analyze September 2025 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and full coverage limits with bundling and paperless billing discounts applied:

40 year old

Single male and female driver

2023 Toyota Camry

Primary vehicle

Good credit score

Clean driving record

Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.

If otherwise specified, the base profile has been modified with the following driver characteristics:

Other profiles

Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.
Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
Rates were calculated by evaluating our base profile with the following differences in mileage: 2K, 5K, 12K (base), 15K and 20K.
Unless otherwise stated, rates are for 2023 vehicle models. For new vs used vehicles, we included the following year in our calculations: 2013.
Rates were calculated by evaluating our base profile with the ages 18-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations. For teen drivers, rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.
Rates were evaluated based on the following marital/family status: single (base), married, 40-year-old married man and woman. Marital status is not a rating factor in Hawaii and Massachusetts.