Are Your Chevy Metro Car Insurance Rates Way Too Much?

Buyers have lots of choices when searching for the best price on Chevy Metro insurance. You can either waste hours contacting agents trying to get quotes or save time using the internet to compare rates. There are more efficient ways to buy car insurance so we’re going to tell you the quickest way to get price quotes on a Chevy and locate the cheapest rates from both online companies and local agents.

Chevy Metro insurance rates have many determining factors

An important part of buying insurance is that you know the rating factors that go into determining the price you pay for car insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that may reward you with big savings.

Listed below are a few of the “ingredients” companies use to determine rates.

• Do you know you’re credit rating? – Credit score is a huge factor in calculating your car insurance rates. If your credit is lower than you’d like, you could potentially save money when insuring your Chevrolet Metro by spending a little time repairing your credit. Consumers who have high credit ratings tend to be less risk to insure as compared to drivers with poor credit.
• Traffic citations inflate rates – Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Just one ticket can bump up the cost twenty percent or more. If you have serious violations such as DUI or reckless driving may find they need to file a SR-22 to the state department of motor vehicles in order to continue driving.
• Do you work long hours in a high stress job? – Did you know your job can affect your rates? Jobs such as doctors, business owners and accountants have higher rates than average due to high stress levels and long work days. On the flip side, professions such as farmers, athletes and performers get better rates on Metro insurance.
• Save money with special equipment – Owning a car with an alarm system can help bring down rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
• Protect your assets with liability insurance – Liability insurance is the protection in the event that a jury decides you are liable for damages caused by your negligence. It will provide legal defense coverage which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so do not skimp.
• Do men or women drive better? – Statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Men and women are in accidents in similar numbers, but the men tend to have more serious accidents. Men also statistically receive more costly citations such as DWI and reckless driving.
• Don’t let your coverage lapse – Allowing your coverage to lapse is a guaranteed way to bump up your car insurance costs. Not only will you pay more, but not being able to provide proof of insurance might get you a license revocation or jail time.
• Better crash test results mean better rates – Vehicles with high crash test scores are cheaper to insure. These vehicles reduce injuries and fewer injuries translates into fewer and smaller insurance claims and lower rates for you. If your Chevy earned at least four stars on Safercar.gov you may qualify for a discount.

Cut your premium with discounts

Car insurance companies don’t always publicize every discount in a way that’s easy to find, so we researched both the well known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount available, you are throwing money away.

• Military Discounts – Having a family member in the military could be rewarded with lower premiums.
• Discount for Swiching Early – Some insurance companies reward drivers for signing up prior to your current policy expiring. The savings is around 10%.
• Memberships – Affiliation with a qualifying organization could trigger savings when shopping for car insurance on Metro insurance.
• Safety Course Discount – Taking a defensive driving course can save you 5% or more depending on where you live.
• New Car Discount – Insuring a new car can be considerably cheaper due to better safety requirements for new cars.

It’s important to note that most discounts do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. Just because you may think you could get a free car insurance policy, companies don’t profit that way.

For a list of insurance companies with discount car insurance rates, click here.

Is there deception in advertising?

Consumers can’t get away from ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all seem to make the same claim about savings if you change your policy.

How do they all claim to save you money? This is how they do it.

Different companies can use profiling for the driver that is profitable for them. An example of a driver they prefer could be between 30 and 50, has no driving citations, and chooses high deductibles. Any new insured that hits that “sweet spot” will get very good rates and as a result will probably save when they switch companies.

Potential customers who fall outside the requirements will have to pay higher premiums which leads to the driver buying from a lower-cost company. The ads say “customers who switch” not “everybody who quotes” save money. This is how companies can claim big savings. Because of the profiling, drivers must get quotes from several different companies. It’s just too difficult to predict which company will have the lowest rates.

More comparisons equals lower rates

Cost effective Chevy Metro insurance can be purchased both online in addition to many insurance agents, and you need to price shop both to get a complete price analysis. Some companies do not provide the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where an insured dropped collision coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage at an affordable rate.

People change insurance companies for many reasons like delays in paying claims, not issuing a premium refund, questionable increases in premium or even denial of a claim. Regardless of your reason, finding a new company is not as hard as you think.