Unbelievable but true, over 70% of consumers have purchased from the same company for well over three years, and approximately 38% of consumers have never compared car insurance rates at all. With the average premium in New Jersey being $2,010, drivers can save 40% each year just by comparing rates, but they just assume it’s a time-consuming process to compare rates and save money.
Really, the only way to get budget Chevy Aveo insurance is to start doing a yearly price comparison from insurers in Newark.
- First, get an understanding of how car insurance works and the modifications you can make to prevent rate increases. Many rating criteria that are responsible for high rates such as tickets, at-fault accidents, and a poor credit score can be rectified by making small lifestyle or driving habit changes. Continue reading for instructions to help keep prices low and find additional discounts.
- Second, request rate estimates from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or Allstate, while independent agents can give you price quotes from multiple sources. View prices
- Third, compare the new rate quotes to the price on your current policy to determine if you can save on Aveo insurance. If you can save money, ensure there is no coverage lapse between policies.
An important part of this process is to make sure you enter the same amount of coverage on every quote request and and to get price estimates from as many different companies as possible. Doing this helps ensure the most accurate price comparison and the most accurate and complete price analysis.
If you have coverage now or just want to save money, use these techniques to reduce the price you pay while maintaining coverages. The intent of this article is to help you learn the most effective way to quote insurance and how to save the most money. Smart shoppers just need to know the most efficient way to shop their coverage around from many different companies.
Finding a better price on insurance is surprisingly easy. You just need to spend a few minutes to compare rate quotes from online providers.
The companies in the list below provide quotes in Newark, NJ. To locate cheap auto insurance in New Jersey, we suggest you visit several of them to get the best price comparison.
Auto insurance policy discounts for Chevy Aveo insurance in Newark
Companies that sell car insurance do not list every available discount in a way that’s easy to find, so we researched both the well known and the harder-to-find discounts that you can inquire about if you buy Newark auto insurance online.
- Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in high school.
- Military Deployment Discount – Being deployed with a military unit could mean lower auto insurance rates.
- Driver Training Discounts – Completing a course teaching driver safety skills may get you a small discount and easily recoup the cost of the course.
- Bundle and Save – When you have multiple policies with one insurance company you could save up to 20% and get you the cheapest Chevrolet Aveo insurance in Newark.
- Good Student – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.
It’s important to note that most discounts do not apply to the entire cost. Most only cut individual premiums such as collision or personal injury protection. Even though the math looks like adding up those discounts means a free policy, it just doesn’t work that way.
The diagram below visualizes the comparison of Chevy Aveo auto insurance rates with and without some available policy discounts. The prices are based on a female driver, no violations or accidents, New Jersey state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, safe-driver, and multi-policy discounts applied.
Companies and a summarized list of policyholder discounts are shown below.
- Farmers Insurance may offer discounts for distant student, switch companies, homeowner, alternative fuel, good student, and mature driver.
- Esurance may have discounts that include online shopper, renters, multi-policy, good student, anti-lock brakes, and DriveSense.
- State Farm has savings for safe vehicle, student away at school, Steer Clear safe driver discount, driver’s education, and good student.
- GEICO offers discounts for good student, seat belt use, multi-policy, membership and employees, emergency military deployment, and anti-lock brakes.
- Allstate may include discounts for good student, 55 and retired, defensive driver, teenSMART discount, and passive restraint.
When quoting, ask every company to give you their best rates. Some credits might not be available to policyholders in Newark.
Chevy Aveo insurance analysis
The rate information shown below covers estimates of insurance prices for Chevy Aveo models. Learning a little about how insurance prices are calculated is important for you to make decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $198 | $454 | $544 | $32 | $162 | $1,390 | $116 |
| Aveo LS 4-Dr Sedan | $198 | $454 | $544 | $32 | $162 | $1,390 | $116 |
| Aveo LT 4-Dr Hatchback | $222 | $454 | $544 | $32 | $162 | $1,414 | $118 |
| Aveo LT 4-Dr Sedan | $222 | $454 | $544 | $32 | $162 | $1,414 | $118 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Jersey minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, homeowner, and claim-free. Premium costs do not factor in the specific area where the vehicle is garaged which can affect price quotes substantially.
Deductible analysis
One frequently asked question is how high should the deductibles for physical damage be. The rates below can help you visualize the difference in cost between low and high policy deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $372 | $738 | $480 | $28 | $144 | $1,787 | $149 |
| Aveo LS 4-Dr Sedan | $372 | $738 | $480 | $28 | $144 | $1,787 | $149 |
| Aveo LT 4-Dr Hatchback | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| Aveo LT 4-Dr Sedan | $420 | $738 | $480 | $28 | $144 | $1,835 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $302 | $594 | $480 | $28 | $144 | $1,548 | $129 |
| Aveo LS 4-Dr Sedan | $302 | $594 | $480 | $28 | $144 | $1,548 | $129 |
| Aveo LT 4-Dr Hatchback | $340 | $594 | $480 | $28 | $144 | $1,586 | $132 |
| Aveo LT 4-Dr Sedan | $340 | $594 | $480 | $28 | $144 | $1,586 | $132 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Price estimates do not factor in zip code location which can influence coverage rates noticeably.
Based on these figures, using a $250 deductible will cost you roughly $20 more each month or $240 every year than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 13 months between claims, you would probably save some money going with the higher deductible.
Car insurance rates by gender and age in Newark
The diagram below shows the difference between Chevy Aveo insurance prices for male and female drivers. The rates are based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
Do you need full coverage?
The chart below shows the comparison of Chevy Aveo insurance costs with full coverage and liability only. The price estimates are based on no claims or driving violations, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
When to buy liability coverage only
There is no clear-cut rule for excluding physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Chevy Aveo replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after you pay the deductible. If you are paying over $200 annually to have full coverage, then it might be time to buy liability only.
There are some scenarios where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Six Things That Influence Your Insurance Prices
A large part of saving on car insurance is knowing some of the elements that come into play when calculating the level of your policy premiums. If you understand what determines premiums, this enables informed choices that may reward you with better car insurance rates.
- Uninterrupted coverage lowers prices – Driving any period of time without insurance is illegal and you may have a hard time finding new coverage because you let your insurance lapse. In addition to paying higher premiums, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
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Teenagers vs. older drivers – Older people are shown to be more cautious, cost insurance companies less in claims, and are generally more financially stable. Drivers with little experience are statistically shown to be careless and easily distracted when driving so they pay higher car insurance rates.
The next chart uses these assumptions: single driver, full coverage with $100 deductibles, and no discounts or violations.
- Policy add-ons may not be needed – Policies have extra coverages that may not really be needed but may not be useful. Things like personal injury protection, better glass coverage, and extra life insurance coverage are examples of these. They may sound like good ideas initially, but if they’re wasting money remove them and pocket the money.
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Good drivers pay less – A bad driving record impacts your car insurance rates tremendously. Drivers with clean records receive lower rates than bad drivers. Having just one citation may cause rates to rise by as much as twenty percent. Drivers who have careless citations such as DUI or reckless driving may face state-mandated requirements to file a SR-22 with the DMV in their state in order to keep their license.
The information below demonstrates how citations and at-fault collisions impact Chevy Aveo insurance rates for different age groups of insureds. The price estimates are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
- Having a spouse can lower costs – Being married can get you a discount on your policy. It usually means you are more mature and it’s statistically proven that married drivers tend to file fewer claims.
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Insurance rates are higher for high performance vehicles – The performance of the vehicle you are trying to find cheaper insurance for makes a huge difference in your auto insurance rates. Lower cost passenger models usually are quite affordable to insure, but many other things help determine your insurance rates.
The following data uses these variables: married male driver age 20, full coverage with $250 deductibles, and no discounts or violations. The data compares Chevrolet Aveo insurance premiums compared to other vehicles that have a range of performance rating factors.
You may want advice from an insurance agent
Some consumers just want to talk to a local agent and that is recommended in a lot of cases Professional insurance agents are trained risk managers and help you file claims. One of the great benefits of price shopping on the web is that you can obtain the best rates and still choose a local agent. Putting coverage with neighborhood insurance agencies is still important in Newark.
For easy comparison, once you complete this form (opens in new window), the quote information is emailed to agents in your area that can give you free Newark auto insurance quotes to get your business. You don’t have to search for an agent since rate quotes are delivered to you directly. If you wish to compare rates from one company in particular, you can always go to their quote page and submit a quote form there.
Below are Newark auto insurance companies that may be able to provide price quote information for Chevy Aveo insurance in Newark.
- State Farm: Zanetta Glover
570 Broad St #114 – Newark, NJ 07102 – (973) 648-0699 – View Map - Abbott/Milano Insurance Agency
9 Frank E Rodgers Blvd S – Harrison, NJ 07029 – (973) 350-9999 – View Map - Ironbound Business Insurance
275 Chestnut St – Newark, NJ 07105 – (866) 497-1001 – View Map - Gary’s Insurance Agency Newark
1 Bloomfield Ave – Newark, NJ 07104 – (973) 483-3500 – View Map
Selecting an provider requires more thought than just a cheap quote. Here are some questions you might want to ask.
- How much will you save each year by using a higher deductible?
- Will one accident increase rates?
- How is replacement cost determined on your vehicle?
- Does the agency have a good rating with the Better Business Bureau?
- Can glass repairs be made at your home?
In conclusion
People who switch companies do it for any number of reasons including poor customer service, being labeled a high risk driver, an unsatisfactory settlement offer and delays in responding to claim requests. Regardless of your reason for switching companies, finding the right insurance provider is not as difficult as it may seem.
Some insurance companies do not provide price quotes online and these small insurance companies sell through local independent agencies. Budget-friendly insurance in Newark can be sourced both online as well as from independent agents in Newark, and you should compare rates from both to have the best rate selection.
As you quote Newark auto insurance, it’s not a good idea to buy poor coverage just to save money. There have been many situations where someone dropped liability coverage limits to discover at claim time that the small savings ended up costing them much more. Your goal should be to purchase plenty of coverage for the lowest cost and still be able to protect your assets.
Additional detailed information can be found in these articles:
- Driving in Bad Weather (Insurance Information Institute)
- What Insurance is Cheapest for Immigrants in Newark? (FAQ)
- How Much are Newark Car Insurance Rates for Single Moms? (FAQ)
- Who Has Cheap Car Insurance Rates for a Jeep Grand Cherokee in Newark? (FAQ)
- Safety Tips for Teen Drivers (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)