Insurance rates Chevy Camaro in HonoluluWish you could get out of overpriced Chevy Camaro insurance in Honolulu? You're in good company because there are many Honolulu drivers thinking the same thing.

It's hard to fathom, but almost 70% of drivers in Hawaii kept their policy with the same company for at least the last four years, and roughly 40% of drivers have never shopped around. Consumers in America can save roughly $859 each year just by getting comparison quotes, but they don't believe the big savings they would realize if they switched to a more affordable policy. Due to the fact that there are so many options for buying affordable insurance for a Chevy Camaro in Honolulu, it can be challenging to choose the most affordable company.

Locating the best insurance company for you in Honolulu is really not that difficult. If you have a current auto insurance policy or just want cheaper coverage, take advantage of these tips to cut your premiums and still get good coverage. Comparison shoppers just have to understand the proper methods to compare rate quotes from many different companies online.

The companies shown below are ready to provide quotes in Hawaii. If multiple companies are shown, it's highly recommended you visit several of them to get a more complete price comparison.

Chevrolet Camaro Insurance Cost Estimates in Honolulu, HI
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $180 $346 $254 $16 $76 $872 $73
Camaro LT $162 $338 $300 $18 $90 $908 $76
Camaro SS $258 $468 $264 $16 $80 $1,086 $91
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Information does not factor in specific location information which can impact rates significantly.

Reckless driving habits raise Honolulu car insurance rates

The illustration below shows how speeding tickets and at-fault accidents raise Chevrolet Camaro insurance rates for different age groups. The premiums are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.

Deductible analysis

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The premium rates below sum up the cost difference between high and low physical damage coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price chart uses a $1,000 deductible.

Chevrolet Camaro insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $258 $484 $264 $16 $80 $1,127 $94
Camaro LT $258 $484 $264 $16 $80 $1,127 $94
Camaro SS $286 $558 $264 $16 $80 $1,229 $102
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Chevrolet Camaro insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Camaro LS $142 $256 $264 $16 $80 $758 $63
Camaro LT $142 $256 $264 $16 $80 $758 $63
Camaro SS $158 $294 $264 $16 $80 $812 $68
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Rate information does not factor in vehicle garaging location which can modify insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible could cost the average driver approximately $32 more each month or $384 a year than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 28 months between claims, you would save money if you opt for a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $97
Average monthly premium for $1,000 deductibles (subtract): - $65
Monthly savings from raising deductible: $32
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $32
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 28 months

One important caveat is that higher deductibles results in more money out-of-pocket at claim time. It will be required that you have enough disposable income in the event you have to pay the deductible to have repairs made.

Should you buy full coverage?

The information below examines Chevrolet Camaro insurance costs when comparing full coverage to liability only. The rates are based on no driving violations, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are factored in.

Deciding between full coverage and liability only

There is no clear-cut formula for excluding physical damage insurance, but there is a broad guideline. If the yearly cost for physical damage coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.

For example, let's say your Chevrolet Camaro replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after paying your deductible. If it's costing in excess of $400 annually for physical damage coverage, then you might consider buying liability only.

There are a few situations where dropping physical damage coverage is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage 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 on your policy.

Get lower-cost Chevy Camaro insurance in Honolulu with discounts

Car insurance can cost a lot, but there's a good chance there are discounts to cut the cost considerably. Certain credits will be shown when you get a quote, but occasionally some discounts must be specifically requested before you get the savings. If they aren't giving you every credit you deserve, you could be saving more on your insurance.Insurance discounts

Keep in mind that some of the credits will not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears it's possible to get free car insurance, nobody gets a free ride. But any discount will positively reduce your premiums.

A list of insurance companies and their offered discounts are included below.

If you want the cheapest Chevrolet Camaro rate quotes, ask each company or agent to apply every possible discount. All car insurance discounts might not be offered on policies in Honolulu. If you would like to see a list of providers that offer many of these discounts in Hawaii, click here.

Five factors that determine insurance prices

The best way to find cheaper auto insurance is to take a look at a few of the rating criteria that go into determining auto insurance rates. When consumers understand what influences your rates, this allows you to make good choices that can earn you better auto insurance rates.

The following are a few of the "ingredients" used by your company to calculate rates.

Extra policy coverages are wasting money - There are a ton of optional add-on coverages that you can buy if you don't pay attention. Coverages for personal injury protection, high-cost glass coverage, and Farm Bureau memberships may not be needed and are just wasting money. They may seem like a good idea when you first buy your policy, but if you have no use for them think about removing them and cutting costs.

Driving citations increase costs - How you drive impacts premiums far more than you think. Attentive drivers get better rates than bad drivers. Just one ticket can increase rates twenty percent or more. People who have dangerous violations like DUI or reckless driving may need to file a proof of financial responsibility form (SR-22) with their state DMV in order to continue driving.

Poor credit decisions can cost you - Having a good credit score will be a significant factor in determining premium rates. If your credit score is not that good, you could pay less to insure your Chevrolet Camaro if you clean up your credit. People that have very good credit scores tend to be more responsible and file fewer claims than those with bad credit.

Qualify for multi-policy discounts - Some insurers allow better rates to people who consolidate policies with them in the form of a multi-policy discount. Discounts can add up to 10 percent or more. Even with this discount, you may still want to comparison shop to confirm you are receiving the best rates possible.

Alarm systems save money - Choosing a vehicle that has a built-in theft deterrent system can get you a discount on your auto insurance. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all help prevent auto theft and help lower rates.

Insurance loss statistics a Chevy Camaro - Car insurance companies factor in historical loss data when setting rates for each model. Models that tend to have higher frequency or amount of claims will have higher premium rates.

The table shown below demonstrates the actual insurance loss data for Chevy Camaro vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of make or model, is set at 100. Values under 100 indicate a favorable loss history, while numbers above 100 point to more losses or tendency to have larger claims.

Chevrolet Camaro Insurance Loss Statistics

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

Empty fields indicate not enough data collected
Statistics from for 2013-2015 Model Years

Insurance agent or online?

A lot of people still like to buy from a licensed agent and that is a personal choice. Good insurance agents are very good at helping people manage risk and help you file claims. The best thing about comparing rates online is the fact that you can find lower rates and still have an agent to talk to.

Insurance agents in HonoluluUpon completion of this form (opens in new window), your insurance coverage information is immediately sent to local insurance agents who will give you quotes to get your business. You never need to contact any insurance agencies because prices are sent to you. If you wish to compare rates from one company in particular, just search and find their rate quote page and give them your coverage information.

Picking the best provider should depend on more than just a cheap price quote. A good agent in Honolulu will have answers to these questions.

If you are wanting to find a good Honolulu insurance agent, you need to know there are two types of insurance agents and how they are distinctly different. Auto insurance agencies can be described as either exclusive or independent (non-exclusive). Either can write auto insurance policies, but it's worth mentioning how they are different because it can influence your selection of an agent.

Exclusive Insurance Agencies

Agents that choose to be exclusive are contracted to one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide other company's prices so it's a take it or leave it situation. Exclusive insurance agents receive extensive training on their company's products and that can be a competitive advantage.

Shown below are exclusive insurance agents in Honolulu willing to provide comparison quotes.

1125 N King St #303 - Honolulu, HI 96817 - (808) 254-7028 - View Map

Herb Fujikawa - State Farm Insurance Agent
3538 Waialae Ave #205 - Honolulu, HI 96816 - (808) 732-1076 - View Map

6700 Kalanianaole Hwy #204 - Honolulu, HI 96825 - (808) 395-5433 - View Map

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Independent Agencies or Brokers

These agents are not employed by one company so they have the ability to put coverage through many companies and find you cheaper rates. If premiums increase, they can switch companies in-house and that require little work on your part. When comparing auto insurance prices, we highly recommend that you check rates from several independent insurance agents to maximize your price options.

Below is a short list of independent insurance agents in Honolulu that are able to give price quotes.

420 Waiakamilo Rd - Honolulu, HI 96817 - (808) 527-7667 - View Map

819 S Beretania St - Honolulu, HI 96813 - (808) 539-1600 - View Map

1350 S King St #303 - Honolulu, HI 96814 - (808) 591-5545 - View Map

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Situations that may require an agent's advice

When it comes to adequate coverage, there isn't really a "perfect" insurance plan. You are unique.Higher deductibles save money

For instance, these questions might point out if your situation could use an agent's help.

If you don't know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form. It's fast, free and can provide invaluable advice.

The ad said I'd save $452 a year!

Hawaii consumers can't get away from ads that claim the lowest car insurance rates from the likes of GEICO, State Farm and Progressive. All the companies seem to make the promise that you can save if you get a free Honolulu car insurance quote and switch your coverage to them.

How does every auto insurance company lower your car insurance rates? It's all in the numbers.

All companies have an ideal profile for the type of driver that will generate a profit. For example, this type of insured should be between the ages of 30 and 50, has a low-risk occupation, and drives a lower-performance vehicle. A driver that hits that "sweet spot" gets the lowest car insurance rates and will probably save money with a new company.

Potential insureds who do not fit these stringent criteria must pay higher rates which usually ends up with the prospect going elsewhere. The trick is to say "people that switch" not "everybody who quotes" save that much when switching. This is how insurance companies can confidently advertise the way they do. This really drives home the point why drivers must get Honolulu car insurance quotes from several different companies. It's not possible to predict which insurance companies will have the best prices for your profile.

Smart shoppers get results

As you restructure your insurance plan, you should never buy less coverage just to save a little money. Too many times, someone sacrificed liability coverage limits only to discover later they didn't purchase enough coverage. Your aim should be to purchase a proper amount of coverage at the best price, not the least amount of coverage.

People change insurance companies for a variety of reasons including denial of a claim, high prices, high rates after DUI convictions or poor customer service. It doesn't matter what your reason, switching auto insurance companies can be pretty painless.

We just covered a lot of techniques to save on Chevy Camaro insurance in Honolulu. It's most important to understand that the more companies you get prices for, the more likely it is that you will get a better rate. You may even find the best premium rates are with a smaller regional carrier.

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