Cheaper 2008 Chevrolet Aveo Insurance Cost

Sick and tired of trying to scrape together enough money to pay insurance each month? You are no different than many other drivers.

You have multiple car insurance companies to insure vehicles with, and although it’s a good thing to have multiple companies, it makes it harder to compare rates and cut insurance costs.

It’s important to get comparison quotes once or twice a year since insurance rates change regularly. If you had the best premium rates for Aveo coverage a year ago a different company probably has better prices today. Don’t believe everything you read about insurance online but in this article, you’re going to get some good information on how to stop overpaying for insurance.

Discount car insurance quotes

Companies that sell car insurance don’t always advertise every possible discount in an easy-to-find place, so here is a list a few of the more well known and the harder-to-find discounts that may be available.

• Passive Restraints – Vehicles with factory air bags or automatic seat belts may get savings of more than 20%.
• Senior Citizens – If you’re over the age of 55, you can get a small decrease in premiums for Aveo coverage.
• Telematics Data – Insureds that choose to allow their company to study driving manner by using a telematic data system such as State Farm’s In-Drive could possibly reduce rates as long as they are good drivers.
• Government Employees – Having worked for a branch of the government may qualify for a discount when you quote car insurance for Aveo coverage with select insurance companies.
• Military Deployment Discount – Having an actively deployed family member could be rewarded with lower car insurance rates.
• Multi-car Discount – Having more than one vehicle on a single policy can get a discount for every vehicle.
• Seat Belt Discounts – Forcing all vehicle occupants to use a seat belt can save 10% or more off the PIP or medical payment premium.
• Good Students Pay Less – This discount can earn a discount of 20% or more. The discount lasts until age 25.
• Discounts for Cautious Drivers – Drivers who don’t get into accidents can save up to 40% or more on their car insurance quote for Aveo coverage as compared to drivers with claims.

A little disclaimer on discounts, most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, car insurance companies aren’t that generous.

For a list of insurance companies who offer car insurance discounts, click this link.

Tailor your auto insurance coverage to you

When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Every situation is different and your policy should reflect that. For example, these questions can aid in determining if you might need professional guidance.

• Am I missing any policy discounts?
• Can I afford low physical damage deductibles?
• Do I need added coverage for expensive stereo equipment?
• How much liability coverage do I need in my state?
• Is pleasure use cheaper than using my 2008 Chevy Aveo to commute?
• How many claims can I have before being cancelled?
• How much can I save by bundling my policies?
• Is my teenager covered with friends in the car?
• Can I make deliveries for my home business?
• Do I need replacement cost coverage?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of auto insurance companies in your area.

Car insurance specifics

Having a good grasp of your policy can be of help when determining which coverages you need for your vehicles. Car insurance terms can be difficult to understand and reading a policy is terribly boring. These are typical coverages offered by car insurance companies.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like damage from a tornado or hurricane, hail damage, rock chips in glass, falling objects and fire damage. The highest amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverage – Collision insurance covers damage to your Aveo from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things such as rolling your car, driving through your garage door, crashing into a ditch, hitting a parking meter and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Liability car insurance – This coverage can cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims like loss of income, pain and suffering, bail bonds and medical expenses. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for immediate expenses for X-ray expenses, doctor visits, surgery and nursing services. They can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your Chevy Aveo.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Keep this in mind

As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. Too many times, drivers have reduced collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to get the best coverage possible at the best possible price while still protecting your assets.

We just covered a lot of ways to compare 2008 Chevy Aveo insurance car insurance rates online. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may be surprised to find that the best price on insurance is with an unexpected company. Regional companies can often provide lower premium rates in certain areas as compared to the big name companies such as Allstate or State Farm.

Other resources

• Electronic Stability Control FAQ (iihs.org)
• Understanding your Policy (NAIC.org)
• Understanding Rental Car Insurance (Insurance Information Insitute)
• Older Driver Statistics (Insurance Information Insitute)