How to Save on Jacksonville Chevy Aveo Insurance

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It's shocking but a large majority of drivers have been with the same company for well over three years, and roughly 40% of drivers have never compared rates with other companies. Many drivers in Florida could save themselves $1,130 a year just by shopping around, but most tend to underestimate how much money they would save if they bought a different policy.

Insurance quote for Chevy Aveo in JacksonvilleReally, the only way to find more affordable Chevy Aveo insurance in Jacksonville is to do an annual price comparison from providers that insure vehicles in Florida.

Step 1: Learn about what coverages are included in your policy and the modifications you can make to drop your rates. Many things that are responsible for high rates like your driving record and an unacceptable credit history can be improved by making small lifestyle or driving habit changes.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Allstate, while independent agencies can give you price quotes for many different companies. View companies

Step 3: Compare the quotes to your current policy and determine if there is any savings. If you can save some money and change companies, make sure coverage is continuous and does not lapse.

An important part of this process is to make sure you enter identical deductibles and limits on each price quote and and to analyze as many companies as you can. Doing this enables an apples-to-apples comparison and the best price selection.

Just keep in mind that comparing more quotes helps improve the odds of finding lower pricing. Not every company allows you to get online rate quotes, so you also need to get price estimates from them, too.

The auto insurance companies shown below have been selected to offer free rate quotes in Florida. If multiple companies are listed, we suggest you click on several of them to find the lowest auto insurance rates.

Chevy Aveo detailed coverage information

The rate information displayed below outlines detailed analysis of insurance coverage prices for Chevy Aveo models. Having knowledge of how policy rates are established can help drivers make smart buying decisions.

Chevrolet Aveo Insurance Rates in Jacksonville, FL
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $192 $454 $542 $32 $162 $1,382 $115
Aveo LS 4-Dr Sedan $192 $454 $542 $32 $162 $1,382 $115
Aveo LT 4-Dr Hatchback $216 $454 $542 $32 $162 $1,406 $117
Aveo LT 4-Dr Sedan $216 $454 $542 $32 $162 $1,406 $117
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Florida minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in zip code location which can decrease or increase coverage rates greatly.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is where should you set your physical damage deductibles. The data tables below help summarize how much more rates are when you select higher and lower coverage deductibles. The first set of prices uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.

Chevrolet Aveo insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $322 $640 $418 $24 $124 $1,553 $129
Aveo LS 4-Dr Sedan $322 $640 $418 $24 $124 $1,553 $129
Aveo LT 4-Dr Hatchback $364 $640 $418 $24 $124 $1,595 $133
Aveo LT 4-Dr Sedan $364 $640 $418 $24 $124 $1,595 $133
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Chevrolet Aveo insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $262 $516 $418 $24 $124 $1,344 $112
Aveo LS 4-Dr Sedan $262 $516 $418 $24 $124 $1,344 $112
Aveo LT 4-Dr Hatchback $296 $516 $418 $24 $124 $1,378 $115
Aveo LT 4-Dr Sedan $296 $516 $418 $24 $124 $1,378 $115
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Florida minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Premium costs do not factor in specific location information which can raise or lower auto insurance rates greatly.

Based on this data, using a $250 deductible costs approximately $17 more each month or $204 annually across all Chevrolet Aveo models than choosing the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you average at a minimum 15 months between claims, you would save more money by selecting a higher deductible.

How to calculate deductible break even period

Average monthly premium for $250 deductibles: $131
Average monthly premium for $500 deductibles (subtract): - $114
Monthly savings from raising deductible: $17
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $17
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One big caveat is that raising deductibles results in more money out-of-pocket when you have to file a claim. You need enough money put aside in order to pay the deductible for vehicle repair.

The illustration below illustrates how choosing a deductible and can change Chevy Aveo yearly insurance costs for each different age group. The information is based on a single female driver, full coverage, and no other discounts are factored in.

Responsible drivers pay cheaper Jacksonville insurance rates

The example below shows how speeding tickets and fender-benders can increase Chevy Aveo car insurance rates for different insured age categories. The rates are based on a married male driver, full coverage, $1,000 deductibles, and no discounts are applied to the premium.

Buying the right vehicle insurance in Florida is an important decision

Even though Jacksonville Aveo insurance rates can get expensive, paying for auto insurance is a good idea for several reasons.

  • The majority of states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability coverage if you drive a vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your Chevy Aveo has a loan, more than likely the lender will make it mandatory that you have insurance to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the lender will be forced to insure your Chevy at an extremely high rate and force you to reimburse them for the expensive policy.
  • Insurance safeguards your Chevy and your assets. It also can pay for medical expenses that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if you cause an accident and are sued. If you have damage to your Chevy as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.

The benefits of buying enough insurance more than cancel out the cost, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is currently overpaying as much as $865 each year so it's recommended you shop around each time the policy renews to help ensure money is not being wasted.

Auto insurance policy specifics

Knowing the specifics of your auto insurance policy helps when choosing appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. These are typical coverage types found on most auto insurance policies.

Auto liability insurance

This coverage can cover damages or injuries you inflict on people or other property. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 10/20/10 which means a limit of $10,000 per injured person, a limit of $20,000 in injury protection per accident, and property damage coverage for $10,000.

Liability coverage pays for claims like legal defense fees, emergency aid, loss of income and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but it's cheap coverage so purchase as large an amount as possible. Florida requires drivers to carry at least 10/20/10 but drivers should carry better liability coverage.

The next chart demonstrates why the minimum limit may not provide adequate coverage.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like rock chips in glass, hitting a deer, a broken windshield, a tree branch falling on your vehicle and hitting a bird. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

UM/UIM Coverage

This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle's damage.

Due to the fact that many Florida drivers only carry the minimum required liability limits (Florida limits are 10/20/10), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Medical costs insurance

Coverage for medical payments and/or PIP provide coverage for expenses for things like EMT expenses, rehabilitation expenses, nursing services and ambulance fees. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage

This covers damage to your Aveo resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as damaging your car on a curb, colliding with another moving vehicle, crashing into a building and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to raise the deductible on your Aveo in order to get cheaper collision rates.