Astonishing but true according to a recent study, the vast majority of auto insurance customers kept buying from the same company for a minimum of four years, and nearly the majority have never compared rates to find lower-cost insurance. Many consumers in Michigan could cut their rates by as much as 65% a year, but they think it’s difficult to do a rate comparison.
The best way to save money on Chevy Aveo insurance in Detroit is to compare prices at least once a year from companies that sell auto insurance in Michigan.
- Learn about how your policy works and the changes you can make to keep rates down. Many factors that are responsible for high rates such as traffic tickets, fender benders, and an unfavorable credit rating can be improved by paying attention to minor details. Read the full article for more information to find cheap prices and get additional discounts.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from a single company like Progressive or State Farm, while independent agents can provide rate quotes for a wide range of companies.
- Compare the new quotes to the premium of your current policy and determine if cheaper Aveo coverage is available. If you find better rates, make sure there is no lapse in coverage.
- Tell your current agent or company to cancel your current car insurance policy. Submit payment along with a signed and completed policy application to your new carrier. As soon as you receive it, put the certificate verifying proof of insurance in a readily accessible location in your vehicle.
One key aspect of rate comparisons is that you’ll want to make sure you compare the same amount of coverage on each price quote and and to compare all possible companies. This guarantees a fair price comparison and a complete selection of prices.
If you are insured now or just want cheaper rates, use these money-saving tips to buy cheaper insurance without having to cut coverage. Buying the cheapest insurance in Detroit is much easier if you know where to start. Comparison shoppers just have to learn the proper methods to quote multiple rates on the web.
Most larger insurance companies like State Farm, Allstate and GEICO allow consumers to get prices for coverage directly from their websites. This process is very simple as you just type in your required coverages into the quote form. Upon sending the form, their rating system will order your credit score and driving record and gives you a price quote determined by many factors. The ability to get online rates for Chevy Aveo insurance in Detroit makes it simple to compare prices and it is important to compare as many rates as possible if you are searching for the cheapest price.
To compare rates using this form now, consider comparing rates from the companies shown below. If you have a policy now, it’s recommended you input your coverages as close as possible to your current policy. Using the same limits helps guarantee you will be getting an apples-to-apples comparison based on similar coverages.
The companies in the list below provide free quotes in Michigan. If you wish to find the best cheap auto insurance in Detroit, it’s a good idea that you visit two to three different companies to get the best price comparison.
Car insurance is not optional but you don’t have to overpay
Even though Detroit Aveo insurance rates can get expensive, insurance is required for several reasons.
- The majority of states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to get the vehicle licensed. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Chevy Aveo has a lienholder, most lenders will require that you have full coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may insure your Chevy for a lot more money and force you to pay for it.
- Car insurance preserves your Chevy and your assets. Insurance will also pay for many types of medical costs for yourself as well as anyone injured by you. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if you are sued as the result of an accident. If damage is caused by hail or an accident, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of having insurance outweigh the cost, especially with large liability claims. But the average driver in Michigan is overpaying more than $869 every year so compare rates at every policy renewal to be sure current rates are still competitive.
Insurance coverage analysis
The premium table displayed below showcases detailed analysis of insurance policy prices for Chevy Aveo models. Having a better understanding of how insurance policy rates are established can help customers make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $374 | $838 | $780 | $46 | $234 | $2,272 | $189 |
| Aveo LS 4-Dr Sedan | $374 | $838 | $780 | $46 | $234 | $2,272 | $189 |
| Aveo LT 4-Dr Hatchback | $422 | $838 | $780 | $46 | $234 | $2,320 | $193 |
| Aveo LT 4-Dr Sedan | $422 | $838 | $780 | $46 | $234 | $2,320 | $193 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, claim-free, and homeowner. Rate quotes do not factor in vehicle garaging location which can alter premium rates considerably.
Higher deductibles lower rates
When comparing car insurance rates, the most common question is the level to set your comp and collision deductibles. The data tables below lay out the difference in cost of buying low and high physical damage coverage deductibles. The first rate comparisons uses a $100 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $594 | $1264 | $690 | $40 | $206 | $2,819 | $235 |
| Aveo LS 4-Dr Sedan | $594 | $1264 | $690 | $40 | $206 | $2,819 | $235 |
| Aveo LT 4-Dr Hatchback | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| Aveo LT 4-Dr Sedan | $670 | $1264 | $690 | $40 | $206 | $2,895 | $241 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $434 | $854 | $690 | $40 | $206 | $2,224 | $185 |
| Aveo LS 4-Dr Sedan | $434 | $854 | $690 | $40 | $206 | $2,224 | $185 |
| Aveo LT 4-Dr Hatchback | $490 | $854 | $690 | $40 | $206 | $2,280 | $190 |
| Aveo LT 4-Dr Sedan | $490 | $854 | $690 | $40 | $206 | $2,280 | $190 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Prices do not factor in Detroit location which can revise premiums significantly.
Using the premium rates above, we can conclude that using a $100 deductible will cost in the ballpark of $50 more each month or $600 annually across all Chevrolet Aveo models than buying the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 8 months between claim filings, you would most likely save money if you elect the higher deductible. The numbers below show an example of how you can make this decision for your own policy.
| Average monthly premium for $100 deductibles: | $238 |
| Average monthly premium for $500 deductibles (subtract): | – $188 |
| Monthly savings from raising deductible: | $50 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $50 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 8 months |
One important issue to know is that raising deductibles to save money results in having to pay to pay more out-of-pocket when you have a claim. You need to make sure you have enough savings in the event you need to pay more for the deductible.
The diagram below illustrates how choosing a deductible and can increase or decrease Chevy Aveo insurance costs for different age groups. Data assumes a married female driver, comprehensive and collision coverage, and no discounts are applied.
How accidents and tickets impact rates
The example below shows how violations and at-fault claims can impact Chevy Aveo insurance rates for each different age category. The information is based on a single female driver, full coverage, $100 deductibles, and no discounts are factored in.
Chevrolet Aveo insurance rates by gender
The chart below shows the difference between Chevy Aveo auto insurance rates for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full coverage, $250 deductibles, drivers are single, and no other discounts are factored in.
Do you qualify for discounts on Chevy Aveo insurance in Detroit?
Auto insurance companies do not list all available discounts very well, so we researched a few of the more well known and the harder-to-find credits available to you.
- Detroit Homeowners Pay Less – Owning a home in Detroit can save a few bucks since home ownership demonstrates responsibility.
- Sign Early and Save – Select auto insurance companies give a discount for buying a policy before your current expiration date. It can save you around 10%.
- Active Military Service – Having a deployed family member could be rewarded with lower premium rates.
- Paperless Signup – A handful of companies give back up to $50 for buying your policy on the internet.
- 55 and Retired – Older drivers may be able to get reduced rates.
- Multi-policy Discount – If you can combine your auto and home policy with one company you could save up to 20% off your total Aveo insurance premium.
- Cautious Driver Discount – Insureds without accidents can pay as much as 50% less compared to rates paid by drivers with frequent claims.
- Anti-theft System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and will qualify for a discount on a Detroit auto insurance quote.
- Drive Less and Save – Driving less can earn cheaper premium rates.
- Pay Upfront and Save – By paying your policy upfront rather than spreading payments over time you can actually save on your bill.
Keep in mind that most credits do not apply to the whole policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though it sounds like it’s possible to get free car insurance, companies wouldn’t make money that way. But all discounts will help lower your policy cost.
The example below visualizes the comparison of Chevy Aveo insurance costs with and without discounts. The data is based on a male driver, no claims, a clean driving record, Michigan state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, marriage, and safe-driver discounts applied.
Popular auto insurance companies and some of the premium reductions they offer are:
- State Farm offers discounts including student away at school, Steer Clear safe driver discount, defensive driving training, anti-theft, passive restraint, and good driver.
- GEICO policyholders can earn discounts including federal employee, defensive driver, daytime running lights, military active duty, and seat belt use.
- Allstate has savings for auto/life discount, EZ pay plan discount, resident student, new car, and farm vehicle.
- SAFECO has discounts for anti-lock brakes, bundle discounts, teen safe driver, teen safety rewards, and homeowner.
- Farm Bureau may include discounts for safe driver, driver training, youthful driver, multi-policy, and renewal discount.
- Progressive offers premium reductions for online signing, multi-vehicle, online quote discount, continuous coverage, and homeowner.
- AAA discounts include good student, education and occupation, good driver, anti-theft, multi-policy, and pay-in-full.
Before buying, ask all the companies what discounts are available to you. Some discounts may not apply to policyholders in your area. If you would like to choose from a list of companies with the best Chevy Aveo insurance discounts in Michigan, follow this link.
Insurance agencies can find coverage gaps
Some consumers still prefer to visit with an insurance agent and that is just fine! Agents can answer important questions and will help you if you have claims. The best thing about getting online price quotes is the fact that you can find cheaper car insurance rates and also buy local. Buying from neighborhood insurance agencies is important particularly in Detroit.
To help locate an agent, after submitting this simple form, your insurance coverage information is emailed to insurance agents in Detroit that can give you free Detroit auto insurance quotes to get your business. You never need to find an agent as quotes are delivered to the email address you provide. If you need to compare prices from a specific insurance company, you would need to navigate to their website and fill out the quote form the provide.
Shown below is a short list of insurance companies in Detroit that are able to give price quotes for Chevy Aveo insurance in Detroit.
C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144 – View Map
J Healan Baker Insurance
645 Griswold St # 2015 – Detroit, MI 48226 – (313) 963-0480 – View Map
LA Insurance
2922 W Grand Blvd – Detroit, MI 48202 – (313) 871-0100 – View Map
Look Insurance Detroit Southwest Agency
6724 Michigan Ave – Detroit, MI 48210 – (313) 899-3194 – View Map
Selecting an insurance company requires you to look at more than just a cheap price quote. Below are some questions you should ask.
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are claim adjusters local or do you have to take your car somewhere else?
- Will a damage claim use OEM or aftermarket replacement parts?
- Is there a 24/7 contact number?
- In the event of vehicle damage, can you pick the collision repair facility?
- Do they feel the quoted coverages are adequate?
- Are they in the agency full-time?
Which is the best insurance?
When choosing the right insurance coverage, there isn’t really a single plan that fits everyone. Your financial needs are unique and your insurance should be unique as well.
For instance, these questions can aid in determining if your insurance needs may require specific advice.
- What are good deductibles for a Chevy Aveo?
- What if a claim settlement is too low?
- Should I have combined single limit or split liability limits?
- What is an SR-22 filing?
- Is my son or daughter covered when driving my car?
- Can I insure my car for more than it’s worth?
If you’re not sure about those questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
One last note
Affordable Chevy Aveo insurance in Detroit can be bought online and with local Detroit insurance agents, and you should compare price quotes from both to get a complete price analysis. Some auto insurance companies don’t offer rate quotes online and most of the time these regional carriers prefer to sell through local independent agents.
As you quote Detroit auto insurance, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many situations where an accident victim reduced uninsured motorist or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase a proper amount of coverage for the lowest cost while still protecting your assets.
For more information, feel free to visit the following helpful articles:
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Who Has the Cheapest Detroit Auto Insurance for High Mileage Drivers? (FAQ)
- How Much is Detroit Auto Insurance for Immigrants? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for College Students in Detroit? (FAQ)
- Who Has Affordable Auto Insurance for Young Drivers in Detroit? (FAQ)
- How Much Does Car Insurance Go Up After a Speeding Ticket? (DetroitInsure.com)
- What is the Best Car Insurance in Detroit? (DetroitInsure.com)
- Avoiding Deer Collisions (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)
- Steps to Take After an Auto Accident (Insurance Information Institute)