Chevy Aveo5 Insurance – 10 Discounts Consumers are Unaware of

Trying to find cheaper insurance for a new or used Chevy Aveo5 can turn out to be a lot of work, but you can learn these tips to save time.

There are more efficient ways to find car insurance online and you need to know the quickest way to quote coverages for a Chevy and locate the lowest price from both online companies and local agents.

Finding the lowest cost car insurance is simple if you know the tricks. Just about anyone who has to buy car insurance stands a good chance to be able to save money. But drivers do need to understand the way companies compete online because it can help you find the best coverage.

Effectively comparing car insurance prices can be challenging if you don’t utilize the best way to get rate quotes. You could waste a few hours talking about coverages with insurance agencies in your area, or you can utilize the web to get rates in a matter of minutes.

Most of the larger companies participate in an industry program that enables customers to complete one form, and each participating company returns a rated price based on that data. This prevents consumers from doing form submissions for every car insurance company.

To access this free quoting program, click here to open in new window.

The only downside to getting quotes like this is you cannot specify which companies to get pricing from. So if you want to select from a list of companies to request quotes from, we have a listing of companies who write car insurance in your area. Click to view list.

Which method you use is up to you, but compare equivalent coverage data for each comparison quote. If each company quotes different deductibles you will not be able to determine which company has the best rates. Quoting even small variations in insurance coverages or limits could mean much higher rates. And when price shopping your coverage, comparing more quotes helps improve the odds of finding more affordable insurance.

Get cheap rates by getting these ten discounts

Some companies don’t always list the complete list of policy discounts very clearly, so below is a list a few of the more common in addition to some of the lesser obvious credits available to you.

• New Vehicle Savings – Insuring a new car may earn a small discount compared to insuring an older model.
• Defensive Driver Discount – Completing a driver safety course is a good idea and can lower rates if you qualify.
• Auto/Life Discount – Larger insurance carriers have lower premium rates if you buy a life insurance policy as well.
• Policy Bundle Discount – If you insure your home and vehicles and insure them with the same company you could get a discount of as much as 10 to 15 percent.
• Good Students Pay Less – Performing well in school could provide a savings of up to 20% or more. This discount can apply until age 25.
• Multiple Cars – Drivers who insure multiple cars with the same car insurance company qualifies for this discount.
• Drive Less and Save – Driving less could earn better rates on cars that stay parked.
• Theft Prevention Discount – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
• Passive Restraint Discount – Options like air bags and/or automatic seat belt systems may get savings of 25 to 30%.
• Early Payment Discounts – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.

You can save money using discounts, but some of the credits will not apply to all coverage premiums. Most cut the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that you would end up receiving a 100% discount, you’re out of luck. But any discount should help lower your overall bill.

Large car insurance companies and some of the premium reductions they offer are outlined below.

• State Farm discounts include multiple autos, anti-theft, good driver, good student, multiple policy, and safe vehicle.
• GEICO offers discounts for membership and employees, multi-policy, anti-lock brakes, anti-theft, federal employee, and driver training.
• SAFECO policyholders can earn discounts including safe driver, drive less, homeowner, anti-lock brakes, teen safe driver, accident prevention training, and teen safety rewards.
• Farmers Insurance offers discounts including distant student, alternative fuel, bundle discounts, mature driver, and youthful driver.
• AAA has discounts for multi-car, good driver, anti-theft, AAA membership discount, good student, and education and occupation.
• USAA includes discounts for driver training, new vehicle, safe driver, vehicle storage, family discount, and military installation.

If you are trying to find , ask all companies you are considering which discounts you qualify for. Some of the discounts discussed earlier may not apply to policies in your area. If you would like to see a list of insurers offering car insurance discounts, click here to view.

Car insurance coverage specifics

Learning about specific coverages of your policy can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision)

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims such as theft, vandalism and falling objects. The highest amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense insurance

Med pay and PIP coverage kick in for expenses for ambulance fees, funeral costs, pain medications and EMT expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Aveo5.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time these limits do not exceed the liability coverage limits.

Liability coverages

This will cover damage or injury you incur to people or other property. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as structural damage, bail bonds, loss of income, repair bills for other people’s vehicles and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.

Collision protection

This covers damage to your Aveo5 resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers things like hitting a mailbox, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Quote more, save more

When getting , you should never reduce coverage to reduce premium. In many instances, consumers will sacrifice full coverage and learned later they didn’t purchase enough coverage. Your objective should be to buy enough coverage for the lowest price.

People change insurance companies for a number of reasons such as extreme rates for teen drivers, questionable increases in premium, policy non-renewal and poor customer service. Regardless of your reason for switching companies, choosing a new company is not as hard as you think.

Lower-priced Chevy Aveo5 insurance is possible from both online companies in addition to local insurance agencies, and you need to price shop both to have the best rate selection. Some insurance providers do not provide the ability to get a quote online and most of the time these smaller providers prefer to sell through independent insurance agencies.