How to Save on Lexington Chevy Aveo Insurance

Insurance quote for Chevy Aveo in LexingtonA 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.

Chevrolet Aveo Insurance Rates in Lexington, KY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $276 $688 $396 $24 $118 $1,502 $125
Aveo LS 4-Dr Sedan $276 $688 $396 $24 $118 $1,502 $125
Aveo LT 4-Dr Hatchback $310 $688 $396 $24 $118 $1,536 $128
Aveo LT 4-Dr Sedan $310 $688 $396 $24 $118 $1,536 $128
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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.

Chevrolet Aveo insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $252 $500 $326 $20 $98 $1,221 $102
Aveo LS 4-Dr Sedan $252 $500 $326 $20 $98 $1,221 $102
Aveo LT 4-Dr Hatchback $284 $500 $326 $20 $98 $1,253 $104
Aveo LT 4-Dr Sedan $284 $500 $326 $20 $98 $1,253 $104
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Chevrolet Aveo insurance premium rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $156 $316 $326 $20 $98 $916 $76
Aveo LS 4-Dr Sedan $156 $316 $326 $20 $98 $916 $76
Aveo LT 4-Dr Hatchback $176 $316 $326 $20 $98 $936 $78
Aveo LT 4-Dr Sedan $176 $316 $326 $20 $98 $936 $78
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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.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $103
Average monthly premium for $1,000 deductibles (subtract): – $77
Monthly savings from raising deductible: $26
Difference between deductibles ($1,000 – $250): $750
Divide difference by monthly savings: $750 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 29 months

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.Auto insurance discounts

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.

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 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.

Insurance agency in LexingtonFor 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.

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.

1050 Chinoe Rd #100Lexington, KY 40502(859) 264-0246View Map

121 Prosperous Pl Ste 11ALexington, KY 40509(859) 271-2277View Map

125 Towne Center Dr #125Lexington, KY 40511(859) 266-2121View Map

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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.

80 Codell Dr #120Lexington, KY 40509(859) 263-5840View Map

2300 Regency RoadLexington, KY 40503(859) 252-0381View Map

3008 Atkinson AveLexington, KY 40509(859) 273-1549View Map

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