Auto Insurance Rate Quotes for a Chevy Aveo in New Orleans

It’s an obvious assumption that car insurance companies don’t want their customers to go rate shopping. Consumers who shop around for cheaper rates will presumably move their business because of the high probability of finding coverage at a more affordable price. A recent survey revealed that consumers who routinely shopped for cheaper coverage saved an average of $850 each year compared to people who never shopped for cheaper rates.

If finding budget-friendly rates on insurance is your intention, then having a grasp of how to shop for insurance coverage can help you succeed in finding affordable rates.

If you want to save the most money, the best way to find more affordable Chevy Aveo insurance is to start doing a yearly price comparison from companies who sell insurance in New Orleans. Rates can be compared by following these guidelines.

• Step 1: Spend some time learning about coverages and the changes you can make to prevent expensive coverage. Many rating criteria that are responsible for high rates like getting speeding tickets and an unacceptable credit rating can be amended by making lifestyle changes or driving safer.
• Step 2: Compare price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from a single company like Progressive and State Farm, while independent agencies can quote prices from multiple insurance companies.
• Step 3: Compare the new quotes to your current policy premium to see if a cheaper price is available in New Orleans. If you can save money and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

One key aspect of rate comparisons is to compare similar coverage information on each quote and and to get rates from all possible companies. This helps ensure the most accurate price comparison and the best price quote selection.

Locating the best rates in New Orleans is actually quite easy if you know where to start. Basically, each driver who has to buy auto insurance most likely will find better rates. But Louisiana consumers do need to understand the methods companies use to determine prices.

It’s important to know that obtaining a wide range of quotes increases your odds of finding a lower rate.

The companies in the list below have been selected to offer comparison quotes in Louisiana. If you want to find the best cheap car insurance in New Orleans, it’s a good idea that you get price quotes from several of them to find the most affordable car insurance rates.

Insurance does more than just repair your car

Despite the high cost of buying insurance for a Chevy Aveo in New Orleans, insuring your vehicle is not optional due to several reasons.

• The majority of states have minimum liability requirements which means you are required to carry a minimum amount of liability coverage if you want to drive legally. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you took out a loan on your vehicle, almost every bank will stipulate that you buy full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Chevy at a more expensive rate and make you pay for the much more expensive policy.
• Insurance protects your vehicle and your assets. It will also cover most medical and hospital costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.

The benefits of having insurance are without a doubt worth the cost, especially with large liability claims. On average, a vehicle owner in New Orleans is currently overpaying as much as $800 each year so you should quote rates each time the policy renews to make sure the price is not too high.

Auto insurance data for a Chevy Aveo

The data table below covers a range of policy rates for Chevy Aveo models. Having a better idea how insurance policy premiums are calculated can be useful when making informed decisions when comparing rates.

Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in specific location which can affect prices significantly.

Higher deductibles save money

One of the more difficult decisions when buying auto insurance is the level to set your comp and collision deductibles. The tables below approximate the premium difference between low and high deductibles. The first rate comparisons uses a $100 deductible and the second price grid uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Premium costs do not factor in specific New Orleans garaging location which can change coverage rates substantially.

We can estimate from the data above that using a $100 deductible would cost the average driver about $34 more each month or $408 a year averaged for all Aveo models than buying the higher $500 deductible. Since you would have to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 12 months between claim filings, you would come out ahead if you opt for a higher deductible. Below is how this determination is made.

One thing to note is that a higher deductible results in a higher out-of-pocket expense when you have a physical damage claim. That will necessitate enough money stashed away in order to pay more to get your vehicle repaired.

The illustration below shows how different deductible levels and can raise or lower Chevy Aveo insurance rates for different age categories. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are applied to the premium.

Chevrolet Aveo insurance costs by age and gender

The diagram below illustrates the difference between Chevy Aveo insurance rates for male and female drivers. The prices are based on no accidents or driving violations, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

Rate difference between full and liability-only coverage

The information below illustrates the comparison of Chevy Aveo annual premium costs when comparing full coverage to liability only. Data assumes a clean driving record, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied.

Should you pay for full coverage?

There is no clear-cut formula to stop paying for full coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is about 10% or more of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your Chevy Aveo settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $4,000 after the deductible is paid. If it’s costing in excess of $400 annually for physical damage coverage, then it might be time to buy liability only.

There are a few cases where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.

Don’t overlook these Chevy Aveo insurance discounts

Car insurance is not cheap, but you might already qualify for some discounts that can drop the cost substantially. Some trigger automatically when you get a quote, but some may not be applied and must be specifically requested before you will receive the discount. If they aren’t giving you every credit you deserve, you are paying more than you should be.

• Professional Organizations – Affiliation with specific professional or occupational memberships or organizations is a good way to get lower rates on your next renewal.
• Pay Now and Pay Less – By paying your entire bill at once rather than spreading payments over time you can actually save on your bill.
• New Orleans Homeowners Discount – Simply owning a home can get you a discount because of the fact that having a home demonstrates responsibility.
• Theft Deterrent Discount – Cars and trucks equipped with anti-theft or alarm systems prevent vehicle theft and will qualify for a discount on a New Orleans car insurance quote.
• Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up before driving could cut 10% or more on the premium charged for medical payments and/or PIP.
• Good Student – A discount for being a good student can get you a discount of up to 25%. Most companies allow this discount up until you turn 25.
• Life Insurance Discount – If the company offers life insurance, you could get a discounted premium rate on car insurance if you buy a life policy as well.

Discounts save money, but please remember that many deductions do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, companies wouldn’t make money that way. Any qualifying discounts should definitely cut the cost of coverage.

The chart below illustrates the comparison of Chevy Aveo auto insurance rates with and without discounts. The rate quotes are based on a female driver, no violations or claims, Louisiana state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, claim-free, safe-driver, marriage, multi-policy, and homeowner discounts applied.

Larger car insurance companies and their possible discounts are outlined below.

• State Farm includes discounts for good student, student away at school, Drive Safe & Save, defensive driving training, and accident-free.
• American Family offers discounts including defensive driver, accident-free, TimeAway discount, Steer into Savings, good driver, early bird, and good student.
• AAA may have discounts that include multi-policy, AAA membership discount, good driver, education and occupation, good student, pay-in-full, and anti-theft.
• GEICO policyholders can earn discounts including driver training, air bags, anti-theft, defensive driver, federal employee, and multi-vehicle.
• Mercury Insurance has discounts for multi-car, type of vehicle, annual mileage, accident-free, good driver, and multi-policy.
• Farmers Insurance discounts include youthful driver, multi-car, pay in full, homeowner, and alternative fuel.
• Progressive offers premium reductions for multi-policy, homeowner, online signing, online quote discount, multi-vehicle, and continuous coverage.

If you want the cheapest Chevrolet Aveo rate quotes, ask all companies you are considering to give you their best rates. Savings might not be available to policyholders in New Orleans. If you would like to see a list of providers that offer multiple discounts in Louisiana, click here.

Auto insurance can get complicated

When selecting the right insurance coverage for your personal vehicles, there isn’t really a cookie cutter policy. Each situation is unique.

For example, these questions might point out if your insurance needs would benefit from an agent’s advice.

• What is the minimum liability in Louisiana?
• What is the ISO rating for a Chevy Aveo?
• What does PIP insurance cover?
• What does medical payments cover?
• Can my babysitter drive my car?
• What are good deductibles for a Chevy Aveo?
• Who sells insurance for high-risk drivers?
• Do I need roadside assistance coverage?
• Are split liability limits better than a combined single limit?
• Do I need added coverage for expensive stereo equipment?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form.