How to Save on Lexington Chevy Aveo Insurance

A recent auto insurance study discovered that almost 70% of insureds in Kentucky kept buying from the same company for four years or more, and just under half have never compared rates from other carriers. U.S. consumers could save approximately $860 each year by just comparing quotes, but they don’t know how much savings they would realize if they switched.

If saving money is your primary concern, then the best way to get the cheapest Chevy Aveo insurance is to compare prices once a year from companies that insure vehicles in Lexington.

First, it will benefit you to learn about how your policy works and the measures you can control to lower rates. Many policy risk factors that are responsible for high rates like tickets, at-fault accidents, and an imperfect credit score can be rectified by being financially responsible and driving safely. Read the full article for more details to find cheap prices and find overlooked discounts.

Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while independent agencies can provide price quotes from multiple insurance companies. Select a company

Third, compare the new rates to your current policy premium to see if switching to a new carrier will save money. If you can save some money, make sure coverage does not lapse between policies.

Fourth, notify your current company of your decision to cancel your current policy and submit the required down payment along with the signed application to your new carrier. As soon as coverage is bound, store the proof of insurance paperwork in an accessible location in your vehicle.

The most important part of shopping around is that you’ll want to make sure you compare identical coverage information on each quote request and and to analyze as many companies as feasibly possible. This helps ensure a fair price comparison and plenty of rates choose from.

The following companies are our best choices to provide free rate quotes in Lexington, KY. If multiple companies are listed, it’s a good idea that you click on several of them to get the best price comparison.

Statistics and details

The table shown next outlines estimates of insurance costs for Chevy Aveo models. Being aware of how auto insurance prices are calculated can help you make informed decisions when shopping around for a new policy.

Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Kentucky minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rates do not factor in vehicle location which can alter prices substantially.

Physical damage deductibles: Should you raise them?

One frequently asked question is how high should the physical damage coverage deductibles be. The following insurance rates may help you to understand the difference in cost between low and high comp and collision deductibles. The first data table uses a $250 deductible for comp and collision and the second pricing table uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Kentucky minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Price estimates do not factor in specific garaging location which can decrease or increase price quotes substantially.

Using the data above, we can ascertain that using a $250 deductible will cost you approximately $26 more each month or $312 for a full year across all Chevrolet Aveo models than requesting the higher $1,000 deductible. Since you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 29 months between claim filings, you would probably save some money if you elect the higher deductible.

One thing to be aware of is that higher deductibles results in having to pay to pay more out-of-pocket when you have a physical damage claim. You need to make sure you have some available funds in the event you have to pay the higher deductible in order to repair your vehicle.

Cautious Lexington drivers save money

The information below demonstrates how citations and at-fault collisions increase Chevy Aveo insurance costs for each different age category. The premiums are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Get cheaper rates by getting discounts

Not too many consumers would say auto insurance is affordable, but you may find discounts that may help make it more affordable. Many discounts should be triggered when you get a quote, but occasionally some discounts must be inquired about before you get the savings.

• Save with a New Car – Putting auto insurance coverage on a new Aveo can save you some money because new model year vehicles keep occupants safer.
• Professional Memberships – Participating in a professional or civic organization may earn a discount on your next auto insurance statement.
• College Student – Children who attend college more than 100 miles from Lexington and don’t have a car could get you a discount.
• Air Bags and Passive Restraints – Options like air bags or automatic seat belts may get savings of 20 to 30 percent.
• Pay Early and Save – If paying your policy premium upfront instead of paying each month you may reduce your total bill.
• Discounts for Seat Belt Usage – Drivers who require all occupants to buckle up may be able to save a few bucks on the premium charged for medical payments and/or PIP.

As is typical with insurance, many deductions do not apply to the entire policy premium. Most only reduce specific coverage prices like medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will bring down the amount you have to pay.

The diagram below illustrates the difference between Chevy Aveo auto insurance rates with and without discounts applied. The premium estimates are based on a male driver, no violations or claims, Kentucky state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, safe-driver, marriage, claim-free, and multi-car discounts applied.

A list of auto insurance companies and the discounts they provide are detailed below.

• Farmers Insurance may offer discounts for mature driver, good student, business and professional, switch companies, and multi-car.
• State Farm has savings for defensive driving training, Steer Clear safe driver discount, anti-theft, safe vehicle, and good student.
• Liberty Mutual includes discounts for preferred payment discount, multi-policy, newly married, teen driver discount, new vehicle discount, and hybrid vehicle.
• MetLife discounts include good driver, defensive driver, claim-free, accident-free, and good student.
• Progressive has discounts for online quote discount, multi-vehicle, homeowner, online signing, continuous coverage, multi-policy, and good student.

Check with every prospective company which discounts you may be entitled to. Some discounts listed above might not be offered in Lexington. If you would like to see a list of auto insurance companies with the best Chevy Aveo insurance discounts in Lexington, follow this link.

Why you need to buy car insurance

Even though it can be expensive, maintaining insurance serves a purpose in several ways.

• The majority of states have minimum mandated liability insurance limits which means you are required to buy specific limits of liability if you drive a vehicle. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If your Chevy Aveo has a loan, most lenders will require that you have physical damage coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the lender may insure your Chevy for a lot more money and require you to pay the higher price.
• Car insurance protects your Chevy Aveo and your assets. It will also pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability coverage will also pay attorney fees if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and/or collision insurance will pay all costs to repair after the deductible has been paid.

The benefits of having car insurance definitely exceed the price paid, particularly if you ever have a claim. The average driver in America is wasting up to $869 every year so compare rate quotes at every policy renewal to help ensure money is not being wasted.

Local neighborhood Lexington car insurance agents

Some consumers would rather visit with an insurance agent and that can be a smart move Good insurance agents can make sure you are properly covered and help file insurance claims. One of the best bonuses of comparing insurance online is that drivers can save money and get better rates and still have an agent to talk to.

For easy comparison, once you complete this simple form, your insurance coverage information gets sent to local insurance agents who will gladly provide quotes for your insurance coverage. It makes it easy because there is no need to even leave your home due to the fact that quote results will go immediately to your email address. If you need to compare rates from a specific insurance provider, you just need to navigate to their website and submit a quote form there.

Picking the best insurer should depend on more than just a cheap quote. Any agent in Lexington should be willing to answer these questions.

• Are claim adjusters local or do you have to take your car somewhere else?
• What kind of financial rating does the company have?
• What company holds the largest book of business for them?
• How often do they review policy coverages?
• If your car is in the repair shop, do you have coverage for a rental car?

How to choose the best car insurance agent in Lexington

If you need to find local Lexington agents, you must know there are a couple different agency structures and how they work. Agencies in Lexington can be categorized as either exclusive agents or independent agents. Either type can insure your vehicles, but it’s a good idea to understand how they are different because it can factor into buying decisions.

Exclusive Insurance Agencies

Agents that choose to be exclusive generally can only insure with one company such as AAA, Allstate, State Farm, or Farmers Insurance. These agents are not able to compare rates from other companies so it’s a take it or leave it situation. Exclusive agencies are usually well trained on what they offer which helps offset the inability to provide other markets.

Shown below are exclusive insurance agencies in Lexington who may provide you with price quote information.

View more Lexington agents

Independent Insurance Agents

These agents are normally appointed by many insurers and that gives them the ability to insure through many different insurance companies and find the cheapest rate. If your premiums go up, your agent can just switch to a different company and you don’t have to switch agencies.

If you are comparing rate quotes, we highly recommend that you include rate quotes from multiple independent agents in order to have the best price comparison.

Below is a list of independent insurance agents in Lexington that are able to give comparison quotes.

View more Lexington agents