Sports car buyers concerned about high insurance premiums may want to consider the Chevy Camaro over the Dodge Challenger.
In a recent report, MotorTrend compared the insurance costs of three popular muscle cars, including the Chevy Camaro, Dodge Challenger, and Ford Mustang. On average, the Chevy Camaro came out as the less-expensive option compared to the Dodge Challenger.
To make this determination, MotorTrend looked at premiums from Insure.com for all three muscle cars in various trim levels. The numbers are based on national averages for a hypothetical 40-year-old single man with good credit, a clean driving record, and 12-mile daily commute. The policy limits were set at $100,000 for injury liability for one person, $300,000 for all injuries, and $50,000 in property damage, as well as comprehensive and uninsured motorist coverage and a $500 deductible.
The publication examined three comparable trim levels between all three muscle car nameplates, starting with the Chevy Camaro 1LS, the Dodge Challenger SXT, and the Mustang EcoBoost, finding the Camaro offered the least expensive insurance at $1,732 per year. The Mustang EcoBoost was next with an annual cost of $1,850, while the Challenger was the most expensive at $2,000 per year.
Next was the Chevy Camaro LT1, Dodge Challenger R/T, and Mustang GT, with the Chevy slotting in mid-pack at $2,091. The Challenger was again the most expensive at $2,091, while the Mustang was the least expensive at $1,951.
Moving up, the Chevy Camaro SS was compared to the Dodge Challenger R/T Scat Pack and Mustang Bullitt. The Camaro was the least-expensive to insure this time at $2,016, followed by the Mustang at $2,247 and the Challenger at $2,329. Finally, there’s the Chevy Camaro ZL1, which was compared against the Ford Mustang GT500 and Dodge Challenger Hellcat Redeye. The Ford was the least expensive to insure at $2,488, followed by the Camaro SS at $2,539. Unsurprisingly, the Dodge was again the most costly of the bunch, requiring an annual premium of $3,282.
We can guess which of the three you would prefer.
Looking ahead, the future of the Chevy Camaro is uncertain, with no clear end date for the current sixth-generation vehicle. It is possible the Camaro nameplate may be used for a new electric sedan.
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Comments
I just rented an SS for a week out in Colorado and had a riot with it. Ok, so there’s no back seat, who cares and I was over the viability issues within hours of getting used to it. I would love to have one as a fun 2nd car, because that’s exactly what niche it fits into.
I’m sure this is less expensive considering it’s a piece of trash.
you probably drive a Yugo
Don’t laugh…a few more years, and we’ll all be in electric versions of Yugos LOL.
Make sure you check rates with all the Exotic Classic Special Interest Insurance Companies. Grundy, Hagerty, National Corvette Museum, and their are quite a few other companies. I have always had excellent customer service with the National Corvette Museum’s Insurance Dept. Very polite and organized with my dealings with them.
of course its the cheapest – rates based on:
1- value (least amount of bang for your buck)
2- risk ( slowest of bunch)
3- profit claims ratio’s ( don’t sell many so not many claims)
First its the best value of the bunch you obviously have not read all the magazines that love the car and say its the best money can buy for performance and driving excitement. Yes it has some issues but overall its as good or better than a m3 that cost about 30k more.
Its also not the slowest of the bunch. Depending on model it will dust the competition.
another wish I could afford one commentator
Magazines love the car, lol, too bad the buying public love the other two cars more (by a wide margin too)
Time to admit GM missed the mark, (again) the general should have marketed it under a diff nameplate, then it wouldn’t be as disappointing to the retro crowd, which being honest with ourselves are the actual buyers…
Say what you will, we all have our favs, but tough to argue with national sales figures. ( Mic drop)