How many times have you said it’s time to compare cheaper Chevy Aveo insurance in Philadelphia? Are you drained from robbing Peter to pay Paul to pay auto insurance each month? You’re in the same situation as many other consumers in Pennsylvania.
It goes without saying that car insurance companies don’t want you to look for a cheaper policy. People who get comparison quotes once a year will probably buy a different policy because they have good chances of finding coverage at a cheaper rate. A recent auto insurance study revealed that drivers who shopped around saved over $72 a month as compared to drivers who never shopped around.
If finding the best price on Chevy Aveo insurance in Philadelphia is your objective, knowing how to quote prices and compare coverages can make the process more efficient.
Companies like GEICO and Progressive all promote huge savings with catchy ads and it can be hard to avoid their marketing magic and take the time to shop coverage around.
If you are already insured, you stand a good chance to be able to find better prices using these methods. Buying the cheapest auto insurance in Philadelphia can initially seem challenging. Nevertheless, Pennsylvania drivers must comprehend how insurance companies calculate your auto insurance rates and take advantage of how the system works.
The best way we recommend to compare rate quotes for Chevy Aveo insurance in Philadelphia is to understand most insurance companies have advanced systems to provide you with a free rate quote. To begin a comparison, all you need to do is take a few minutes to give details such as if the car is leased, daily mileage, the make and model of your vehicles, and any included safety features. Your rating data is instantly sent to many different companies and you receive quotes quickly.
If you would like to compare rates now, click here and find out if lower rates are available in Philadelphia.
The following companies provide free quotes in Philadelphia, PA. If the list has multiple companies, we recommend you visit several of them in order to find the lowest rates.
Chevy Aveo coverage analysis
The premium table displayed next outlines different coverage prices for Chevy Aveo models. Being more informed about how insurance policy rates are calculated can be of help when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $180 | $318 | $432 | $26 | $130 | $1,086 | $91 |
| Aveo LS 4-Dr Sedan | $180 | $318 | $432 | $26 | $130 | $1,086 | $91 |
| Aveo LT 4-Dr Hatchback | $202 | $318 | $432 | $26 | $130 | $1,108 | $92 |
| Aveo LT 4-Dr Sedan | $202 | $318 | $432 | $26 | $130 | $1,108 | $92 |
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Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Pennsylvania minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Table data does not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates greatly.
Comparison of policy deductibles
A question often asked by Philadelphia drivers is how high should the physical damage coverage deductibles be. The following insurance rates can help you visualize the rate differences when you choose different comp and collision deductibles. The first data table uses a $250 deductible for physical damage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $254 | $506 | $330 | $20 | $98 | $1,233 | $103 |
| Aveo LS 4-Dr Sedan | $254 | $506 | $330 | $20 | $98 | $1,233 | $103 |
| Aveo LT 4-Dr Hatchback | $288 | $506 | $330 | $20 | $98 | $1,267 | $106 |
| Aveo LT 4-Dr Sedan | $288 | $506 | $330 | $20 | $98 | $1,267 | $106 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $158 | $318 | $330 | $20 | $98 | $924 | $77 |
| Aveo LS 4-Dr Sedan | $158 | $318 | $330 | $20 | $98 | $924 | $77 |
| Aveo LT 4-Dr Hatchback | $178 | $318 | $330 | $20 | $98 | $944 | $79 |
| Aveo LT 4-Dr Sedan | $178 | $318 | $330 | $20 | $98 | $944 | $79 |
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Pennsylvania minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in vehicle location which can modify coverage rates noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs an average of $27 more each month or $324 a year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you have more than 28 months between claims, you would probably be better off by selecting a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $250 deductibles: | $105 |
| Average monthly premium for $1,000 deductibles (subtract): | – $78 |
| Monthly savings from raising deductible: | $27 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $27 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 28 months |
An important thing to remember is that higher deductibles results in having to pay to pay more out-of-pocket when you do file a claim. That will require a higher level of savings in the event you need to pay more for the deductible.
Chevrolet Aveo liability-only versus full coverage
The chart below illustrates the difference between Chevy Aveo car insurance rates with full physical damage coverage and with liability coverage only. The premium estimates are based on no claims or violations, $1,000 deductibles, single marital status, and no discounts are factored in.
When to eliminate full coverage
There isn’t a written rule to exclude physical damage coverage on your policy, but there is a general guideline. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let’s assume your Chevy Aveo settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would get paid by your company is $5,000 after paying your deductible. If it’s costing you more than $500 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are a few cases where dropping physical damage coverage is not recommended. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
Do I need an insurance agent?
Certain consumers would rather sit down and talk to an agent and there is nothing wrong with that. One of the best bonuses of comparing rates online is that drivers can save money and get cheaper prices and still buy from a local agent. And buying from local agents is important particularly in Philadelphia.
To find an agent, once you fill out this quick form, your coverage information is sent to companies in Philadelphia who will return price quotes for your business. It simplifies rate comparisons since you won’t have to visit any agencies as quotes are delivered to you. You can most likely find cheaper rates and work with a local agent. If you have a need to get a comparison quote from one company in particular, you can always visit that company’s website and give them your coverage information.
Philadelphia auto insurance agents come in two flavors
If you need to find a reputable insurance agent or broker, you should know the different types of agents that you can choose from. Insurance policy providers can be categorized as either independent agents or exclusive agents.
Independent Insurance Agents
Independent agents are not employed by one company so as a result can place your coverage through many different insurance companies and find the cheapest rate. If they quote lower rates, the business is moved internally and you don’t have to switch agencies.
If you are comparing insurance prices, it’s recommended you include several independent insurance agents to get the best comparison.
Listed below are Philadelphia independent insurance agencies who may provide price quote information.
Fabey Insurance Agency
619 E Girard Ave – Philadelphia, PA 19125 – (215) 425-7640 – View Map
The Gannon Insurance Agency Inc
2704 Street Rd – Bensalem, PA 19020 – (215) 891-9990 – View Map
First Rate Insurance
7790 Rockwell Ave Suite 1 – Philadelphia, PA 19111 – (215) 725-6700 – View Map
Exclusive Insurance Agents
These type of agents can usually just insure with one company and some examples include State Farm or Allstate. Exclusive agencies are unable to provide rate quotes from other companies so they really need to provide good service. Exclusive insurance agents are well schooled on their products and sales techniques which helps offset the inability to provide other markets.
Below are exclusive insurance agencies in Philadelphia that can give you price quote information.
Joe Ems – State Farm Insurance Agent
7348 Frankford Ave – Philadelphia, PA 19136 – (215) 333-5100 – View Map
Alden Thomas – State Farm Insurance Agent
7983 Oxford Ave – Philadelphia, PA 19111 – (215) 745-3700 – View Map
John Nicolucci – State Farm Insurance Agent
6001 Ridge Ave – Philadelphia, PA 19128 – (215) 482-7000 – View Map
Picking a insurance agent is decision based upon more than just the price. These are valid questions to ask:
- Are they full-time agents?
- Where would your vehicle be repaired?
- How long has their agency been open in Philadelphia?
- Is the coverage adequate for your vehicle?
- Do they have any clout with companies to ensure a fair claim settlement?
- What discounts might you be missing?
- By raising physical damage deductibles, how much would you save?
- Can you use your own choice of collision repair facility?
Upon getting acceptable answers to any questions you have and the cheapest Chevrolet Aveo insurance in Philadelphia quotes, you may have found an insurance agency that can be trusted to properly insure your vehicles. It’s important to know that you are entitled to cancel coverage whenever you want so don’t feel that you are permanently stuck with a specific company with no way out.