2010 Chevrolet Aveo Insurance Cost

Trying to find better auto insurance rates for your Chevrolet Aveo? Trying to come up with a payment for pricey auto insurance can diminish your family’s budget, especially in this economy. Getting a rate comparison is recommended to make sure you’re not throwing money away.

Lots of insurance companies contend for your insurance dollar, so it can be very hard to choose a provider to find the best rates possible.

Get affordable rates by applying discounts

Some insurers don’t list the complete list of policy discounts in an easy-to-find place, so the following list contains a few of the more well known and also the lesser-known credits that may apply to you.

  • Good Driver Discounts – Drivers who don’t get into accidents can save up to 40% or more on their insurance coverage quote on Aveo insurance than drivers with accident claims.
  • Braking Control Discount – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more.
  • Passenger Safety Discount – Vehicles with factory air bags or automatic seat belts can get savings of more than 20%.
  • Defensive Driver Discounts – Taking part in a driver safety class can save you 5% or more and make you a better driver.
  • Auto/Home Discount – When you combine your auto and homeowners insurance with the same insurance company you may earn as much as 10 to 15 percent.
  • Pay Now and Pay Less – By paying your entire bill at once rather than spreading payments over time you can avoid the installment charge.
  • Telematics Devices – Drivers who elect to allow their company to study where and when they drive through the use of a telematics system such as State Farm’s In-Drive may see discounts if their driving habits are good.

You can save money using discounts, but most discount credits are not given to the entire cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The best auto insurance companies and the discounts they provide are outlined below.

  • The Hartford has discounts for good student, vehicle fuel type, bundle, air bag, anti-theft, and driver training.
  • American Family may include discounts for TimeAway discount, Steer into Savings, good student, bundled insurance, accident-free, and multi-vehicle.
  • Progressive offers premium reductions for good student, continuous coverage, multi-policy, online quote discount, multi-vehicle, online signing, and homeowner.
  • Travelers includes discounts for save driver, home ownership, driver training, continuous insurance, multi-car, early quote, and IntelliDrive.
  • Farmers Insurance discounts include teen driver, electronic funds transfer, pay in full, mature driver, switch companies, multi-car, and bundle discounts.
  • USAA offers discounts for military installation, driver training, loyalty savings, multi-vehicle, safe driver, and good student.
  • Liberty Mutual has savings for new graduate, exclusive group savings, good student, teen driver discount, and preferred payment discount.

If you need lower rates, check with all companies you are considering which discounts can lower your rates. Some credits may not apply in your area. To view companies that offer some of these discounts, click here.

You can change your insurance costs

A large part of saving on insurance is knowing the different types of things that help calculate your policy premiums. If you have a feel for what positively or negatively impacts your premiums, this allows you to make good choices that could help you find big savings. Lots of factors are considered when you get a price on insurance. Most are fairly basic like your driving record, although some other factors are not as apparent such as your credit history or how safe your car is.

Shown below are some of the factors companies use to determine prices.

  • Better prices on safer vehicles – Safer cars get lower rates. These vehicles have better occupant injury protection and fewer injuries means your insurance company pays less which can mean better rates for you.
  • Getting married equates to better prices – Having a wife or husband may cut your premiums on your policy. Having a spouse may mean you are more stable financially and insurance companies reward insureds because drivers who are married file infrequent claims.
  • What are your coverage deductibles? – Physical damage deductibles are the amount of money you are willing to pay if a claim is determined to be covered. Physical damage protection, aka comp and collision, covers damage that occurs to your car. Some examples of claims that would be covered could be collision with another vehicle, vandalism, and having a roll-over accident. The more of the claim you choose to pay out-of-pocket, the bigger discount you will receive on Aveo insurance.
  • Rural vs Urban Areas – Living in smaller towns and rural areas of the country has definite advantages when buying insurance. People in densly populated areas have to deal with more aggressive driving styles and much longer commute distances. Lower population corresponds to lower accident rates and lower theft and vandalism rates.
  • More than one policy can earn a discount – Many insurance companies will give discounts to clients who consolidate policies with them in the form of a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even with this discount applied, it’s always a smart idea to shop around to confirm you are receiving the best rates possible.
  • Car insurance liability coverage limits – Your policy’s liability coverage will protect you in the event that a jury decides you are liable for damages from an accident. Your policy’s liability insurance provides legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared to the cost of physical damage coverage, so buy as much as you can afford.

Your auto insurance coverage should be tailored to you

When it comes to buying proper insurance coverage for your vehicles, there is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions might help in determining whether or not you might need an agent’s assistance.

  • Am I insured when driving a different vehicle?
  • Am I better off with higher deductibles on my 2010 Chevy Aveo?
  • Am I covered if my car is in a flood?
  • When should I remove comp and collision on my 2010 Chevy Aveo?
  • Should I sign the liability waiver when renting a car?
  • Is rental equipment covered for theft or damage?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.

Misconceptions in car insurance advertisements

Consumers get pounded daily by advertisements for cheaper car insurance from companies such as State Farm, GEICO and Progressive. They all seem to say the same thing about saving some big amount just by moving your coverage to them.

That’s great but how can every company lower your premium rates? This is the trick they use.

Insurance companies require specific criteria for the type of driver that will not have excessive claims. For instance, a profitable customer could be married and over the age of 30, has a clean driving record, and has excellent credit. A propective insured that hits that “sweet spot” may get the lowest auto insurance rates and will save some money.

Potential insureds who do not fit this ideal profile will have to pay a higher rate which translates to the customer buying from a different company. If you listen closely, the ads state “people who switch” not “all people who quote” save that much when switching. That is how companies can make the claims of big savings. Because of these techniques, you absolutely need to do a rate comparison at every renewal. It’s not possible to predict which insurance companies will give you the biggest savings.

Car insurance coverages for a Chevy Aveo

Having a good grasp of your insurance policy can be of help when determining appropriate coverage for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Auto liability insurance – This will cover damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability insurance covers things like attorney fees, bail bonds, funeral expenses, medical services and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive protection – This covers damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hail damage, theft and vandalism. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for X-ray expenses, chiropractic care and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Collision coverage – This coverage pays for damage to your Aveo resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for things like damaging your car on a curb, crashing into a building and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Chevy Aveo.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

In any little way, save everyday

Cheap 2010 Chevy Aveo insurance can be purchased from both online companies and also from your neighborhood agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers do not offer online price quotes and many times these regional insurance providers only sell through independent agencies.

Throughout this article, we presented a lot of tips how to lower your 2010 Chevy Aveo insurance rates. The key concept to understand is the more price quotes you have, the better your chances of lowering your car insurance rates. You may be surprised to find that the most savings is with a company that doesn’t do a lot of advertising. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

Much more information about insurance can be found below: