Save Money on Chevy Aveo Insurance in Toledo

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Discount Chevy Aveo insuranceGetting lower priced Toledo Chevy Aveo insurance quotes on the internet is rather challenging for beginners to shopping for insurance online. Because there are so many companies competing online, how can Toledo drivers effectively compare them all to find cheaper car insurance prices?

How to find low-cost Chevy Aveo insurance in Toledo

If saving money is your primary concern, then the best way to get affordable Chevy Aveo insurance in Toledo is to annually compare prices from insurers in Ohio. Prices can be compared by completing these steps.

  1. Take a little time to learn about how your policy works and the factors you can control to keep rates down. Many things that are responsible for high rates like accidents, careless driving, and a substandard credit score can be remedied by being financially responsible and driving safely.
  2. Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can quote prices for many different companies.
  3. Compare the new rates to your current policy and determine if there is any savings. If you find a better price, ensure there is no coverage lapse between policies.
  4. Provide proper notification to your current company of your intention to cancel the current policy and submit payment and a signed application to the new insurer. Once the application is submitted, place the new proof of insurance paperwork in a readily accessible location in your vehicle.

One key aspect when comparing rates is to compare the same coverage limits and deductibles on each price quote and and to get price quotes from all possible companies. Doing this ensures a fair rate comparison and the most accurate and complete price analysis.

It's a known fact that car insurance companies don't want policyholders to shop around. Consumers who compare price quotes will presumably buy a new policy because there is a good chance of finding more affordable rates. A study discovered that people who compared rates regularly saved on average $865 a year compared to those who never shopped around for better prices.

If finding the cheapest rates on car insurance is your ultimate goal, then having a good understanding the best ways to shop for insurance can make it easier to find better rates.

Most of the larger companies make it easy to get price estimates online. Getting quotes for Chevy Aveo insurance in Toledo doesn't take a lot of time because it's just a matter of typing in the coverages you want into the quote form. Behind the scenes, the system orders your driving and credit reports and returns a price based on these factors.

Using the web to get rate quotes for Chevy Aveo insurance in Toledo simplifies rate comparisons, and it is important to perform this step if you want to find a better rate.

If you want to fill out one form to compare multiple rates now, compare quotes from the companies shown below. To compare your current rates, we recommend you type in deductibles and limits exactly as shown on your declarations page. This guarantees you will have a rate comparison based on similar coverages.

The companies shown below have been selected to offer price comparisons in Ohio. To find the cheapest car insurance in OH, we suggest you visit two to three different companies in order to get a fair rate comparison.

Rates and statistics

The table shown below showcases different prices for Chevy Aveo models. Having a better idea how policy rates are figured can help you make decisions on the best policy to buy.

Chevrolet Aveo Insurance Rates in Toledo, OH
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $140 $322 $274 $16 $82 $834 $70
Aveo LS 4-Dr Sedan $140 $322 $274 $16 $82 $834 $70
Aveo LT 4-Dr Hatchback $158 $322 $274 $16 $82 $852 $71
Aveo LT 4-Dr Sedan $158 $322 $274 $16 $82 $852 $71
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Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Table data does not factor in vehicle location which can decrease or increase premiums significantly.

Deductible comparison

One common question asked by Toledo drivers is how low should you set your deductibles. The following insurance rates sum up the rate difference of buying low and high physical damage deductibles. The first set of rates uses a $100 deductible and the second price chart uses a $500 deductible.

Chevrolet Aveo insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $196 $416 $226 $14 $68 $945 $79
Aveo LS 4-Dr Sedan $196 $416 $226 $14 $68 $945 $79
Aveo LT 4-Dr Hatchback $220 $416 $226 $14 $68 $969 $81
Aveo LT 4-Dr Sedan $220 $416 $226 $14 $68 $969 $81
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Chevrolet Aveo insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $142 $280 $226 $14 $68 $730 $61
Aveo LS 4-Dr Sedan $142 $280 $226 $14 $68 $730 $61
Aveo LT 4-Dr Hatchback $160 $280 $226 $14 $68 $748 $62
Aveo LT 4-Dr Sedan $160 $280 $226 $14 $68 $748 $62
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Information does not factor in your specific Toledo location which can increase or decrease premium rates greatly.

We can estimate from the data above that using a $100 deductible will cost in the ballpark of $18 more each month or $216 a year than buying the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you go at least 22 months between claim filings, you would probably be better off by selecting a higher deductible.

Comparison of full coverage and liability-only policies

The illustration below compares Chevy Aveo insurance premiums with full physical damage coverage and with liability coverage only. The premiums assume no violations or claims, $1,000 deductibles, single marital status, and no discounts are factored in.

When to drop comprehensive and collision

There is no exact rule to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is about 10% or more of replacement cost minus your deductible, then you might consider buying liability only.

For example, let's pretend your Chevy Aveo replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, the most your company will settle for is $2,000 after the deductible is paid. If it's costing in excess of $200 a year for your policy with full coverage, then it might be time to consider dropping full coverage.

There are some conditions where only buying liability is not financially feasible. If you still have a loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

Insurance agents near you

Some people still like to go talk to an agent and that can be a great decision A good thing about comparing insurance online is that you can obtain lower rates and still have an agent to talk to.

Toledo insurance agentsFor easy comparison, once you complete this quick form, your insurance coverage information is sent to agents in your area that provide free Toledo auto insurance quotes for your coverage. You won't need to find an agent on your own since rate quotes are delivered directly to you. You can find the lowest rates without requiring a lot of work. If for some reason you want to get a rate quote from one company in particular, don't hesitate to navigate to their website and submit a quote form there.

Picking the best insurer needs to be determined by more than just the price. Below are some questions you should ask.

  • What insurance companies do they recommend if they are an independent agent?
  • Has the agent ever had any license suspensions?
  • Do they specialize in personal lines coverage in Toledo?
  • Do they make recommendations based only on price?
  • Do they see any coverage gaps in your plan?

If you are wanting to purchase insurance from a reputable agency, there are two types of agencies and how they are slightly different. Toledo agents are considered either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Exclusive agencies have only one company to place business with and some examples include American Family, State Farm, and Allstate. Exclusive agents cannot give you multiple price quotes so always compare other rates. Exclusive agents are well schooled on their company's products which can be an advantage. Consumers often use the same exclusive agent primarily because of loyalty to the company and the convenience of having all coverages with one company.

Below are exclusive insurance agents in Toledo willing to provide rate quotes.

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Independent Insurance Agents

These type of agents can sell policies from many different companies so they can write business with a variety of different insurance companies and find you the best rates. If your agent finds better pricing, your agent can switch companies and you can keep the same agent. When comparing rates, you will definitely want to include price quotes from a couple of independent agencies so that you have a good selection of quotes to compare. Most also have access to lesser-known insurance companies which may provide better rates.

Below is a list of independent insurance agencies in Toledo that are able to give price quotes.

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