It’s an obvious statement that auto insurance companies don’t want their policyholders to compare prices. Insureds who compare rates annually are inclined to switch to a new company because of the high probability of finding more affordable rates. A study showed that people who compared rates annually saved $3,450 over four years compared to other drivers who never compared other company’s rates.
If finding the best rates on car insurance is your objective, knowing how to get free comparison quotes and analyze insurance rates can make it easier to find better rates.
The recommended way to get cheaper Chevy Aveo insurance in Laredo is to make a habit of regularly comparing prices from companies who sell auto insurance in Texas. Rate comparisons can be done by completing these steps.
- First, learn about how car insurance works and the modifications you can make to lower rates. Many things that are responsible for high rates like traffic citations and an unacceptable credit history can be rectified by making lifestyle changes or driving safer.
- Second, request rate estimates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO or State Farm, while independent agencies can provide rate quotes from many different companies.
- Third, compare the price quotes to your existing policy to see if cheaper Aveo coverage is available in Laredo. If you find a better price and decide to switch, ensure coverage does not lapse between policies.
One important bit of advice is to try to use identical coverage information on each quote request and and to get price estimates from as many car insurance companies as possible. This provides the most accurate price comparison and many rates to choose from.
Earn discounts to get lower-cost Laredo car insurance quotes
Not too many consumers would say car insurance is affordable, but you might already qualify for some discounts that can dramatically reduce your bill. Most are applied at the time you complete a quote, but lesser-known reductions have to be specifically requested prior to receiving the credit.
- Discount for Passive Restraints – Vehicles equipped with air bags or motorized seat belts may get savings of 20 to 30 percent.
- Savings for New Vehicles – Insuring a vehicle that is new is cheaper because new model year vehicles are generally safer.
- Waiver for an Accident – Not a discount per se, but certain companies will forgive one accident without getting socked with a rate hike so long as you are claim-free for a specific time period.
- Driving Data Discount – Laredo drivers who agree to allow their company to analyze driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive might see lower rates as long as they are good drivers.
- Discount for Multiple Policies – If you insure your home and vehicles with one insurance company you may earn approximately 10% to 15%.
- Theft Deterrent – Vehicles equipped with tracking devices and advanced anti-theft systems help deter theft and therefore earn up to a 10% discount.
- Good Driver Discount – Safe drivers may receive a discount up to 45% than less cautious drivers.
- Discount for Home Ownership – Simply owning a home can earn you a little savings because owning a home means you have a higher level of financial diligence.
- Safety Course Discount – Taking part in a course teaching safe driver skills could possibly earn you a 5% discount and easily pay for the cost of the class.
- Resident Student – College-age children living away from Laredo attending college and don’t have a car can receive lower rates.
A quick disclaimer, most credits do not apply to the entire policy premium. Some only reduce specific coverage prices like medical payments or collision. Even though the math looks like all those discounts means the company will pay you, companies don’t profit that way.
The chart below illustrates the comparison of Chevy Aveo insurance prices with and without discounts applied to the rates. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.
Some of the insurance companies that may offer some of the discounts shown above include:
If you need lower rates, check with every insurance company which credits you are entitled to. Discounts may not apply to policyholders in Laredo.
The easiest way to get rate comparisons for Chevy Aveo insurance in Laredo is to take advantage of the fact all the major auto insurance companies will pay a fee to compare rate quotes. The only thing you need to do is provide information like if the car is leased, distance driven, if it has an alarm system, and whether you have decent credit. That rating data is sent automatically to many different companies and you will get price comparisons instantly to find the best rate.
To check car insurance prices now, click here and complete the quick form.
The companies in the list below offer comparison quotes in Texas. In order to find the best cheap auto insurance in Laredo, we suggest you click on several of them to find the cheapest car insurance rates.
Chevy Aveo insurance coverage information
The table displayed next covers detailed analysis of coverage costs for Chevy Aveo models. Learning more about how insurance prices are determined can help guide drivers when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $294 | $584 | $382 | $22 | $114 | $1,396 | $116 |
| Aveo LS 4-Dr Sedan | $294 | $584 | $382 | $22 | $114 | $1,396 | $116 |
| Aveo LT 4-Dr Hatchback | $332 | $584 | $382 | $22 | $114 | $1,434 | $120 |
| Aveo LT 4-Dr Sedan | $332 | $584 | $382 | $22 | $114 | $1,434 | $120 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, safe-driver, and claim-free. Estimates do not factor in your specific Laredo location which can increase or decrease premiums significantly.
Choosing deductibles
The hardest decision when buying coverage is what deductibles to buy. The premium rates below can help show the costs and benefits of buying low and high coverage deductibles. The first price estimate table uses a $250 deductible for comp and collision and the second rate table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Aveo LS 4-Dr Sedan | $294 | $584 | $382 | $22 | $114 | $1,421 | $118 |
| Aveo LT 4-Dr Hatchback | $332 | $584 | $382 | $22 | $114 | $1,459 | $122 |
| Aveo LT 4-Dr Sedan | $332 | $584 | $382 | $22 | $114 | $1,459 | $122 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $182 | $368 | $382 | $22 | $114 | $1,068 | $89 |
| Aveo LS 4-Dr Sedan | $182 | $368 | $382 | $22 | $114 | $1,068 | $89 |
| Aveo LT 4-Dr Hatchback | $206 | $368 | $382 | $22 | $114 | $1,092 | $91 |
| Aveo LT 4-Dr Sedan | $206 | $368 | $382 | $22 | $114 | $1,092 | $91 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in Laredo location which can decrease or increase premium rates considerably.
Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $30 more each month or $360 each year than choosing the higher $1,000 deductible. Because you would pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to have at a minimum 25 months between claims, you would more than likely save some money if you elect the higher deductible.
How to calculate deductible break even period
| Average monthly premium for $250 deductibles: | $120 |
| Average monthly premium for $1,000 deductibles (subtract): | – $90 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 25 months |
One big caveat is that raising deductibles results in having to pay to pay more out-of-pocket when you have a claim. You need to make sure you have some non-essential savings in the event you have to pay the higher deductible in order to repair your vehicle.
How careless driving impacts Laredo auto insurance rates
The diagram below illustrates how speeding tickets and at-fault claims raise Chevy Aveo premium costs for each different age category. The rate quotes are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
How to know if you need help
When buying adequate coverage, there is no single plan that fits everyone. You are unique and your policy should reflect that. These are some specific questions can help discover if your situation could use an agent’s help.
- Does rental coverage apply when I am renting a car?
- Which companies will insure high-risk drivers?
- I have a DUI can I still get coverage?
- Should I file a claim if it’s only slightly more than my deductible?
- How do I buy GAP insurance?
- What if I don’t agree with a claim settlement offer?
- Do I need medical payments coverage since I have good health insurance?
- If my Chevy Aveo is totaled, can I afford another vehicle?
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Do I need a local insurance agent?
A lot of people still prefer to buy from a licensed agent and doing so can bring peace of mind A good thing about comparing rate quotes online is you may find cheaper rates and still buy from a local agent.
Once you complete this quick form, your information is emailed to agents in your area that can give you free Laredo car insurance quotes to get your business. You won’t even need to contact any insurance agencies as quotes are delivered immediately to your email address. It’s the lowest rates AND a local agent. If you need to get a comparison quote from a specific company, you would need to go to their quote page to submit a rate quote request.
Picking the best provider requires more thought than just a cheap price quote. You should also get answers to these questions.
- Is the agent properly licensed in Texas?
- Does the agency have a current Errors and Omissions policy?
- Which insurance company do they prefer to write with?
- Is there a local claims center in Laredo?
- How are they compensated?
- Is auto insurance their primary focus in Laredo?
Two types of Laredo auto insurance agents
If you want to use a reputable agency, there are a couple of types of insurance agents that differ in how they can insure your vehicles. Agents in Laredo can be classified as either exclusive or independent (non-exclusive).
Exclusive Car Insurance Agencies
Agents that choose to be exclusive have only one company to place business with like State Farm, AAA, and Liberty Mutual. These agents are not able to give you multiple price quotes so keep that in mind. These agents are usually quite knowledgeable on the products they sell and that allows them to sell at a higher price point. Consumers sometimes purchase coverage from exclusives primarily because of loyalty to the company rather than having low rates.
Below is a short list of exclusive insurance agents in Laredo willing to provide price quote information.
- Farmers Insurance – Pedro Sanchez
5916 San Bernardo Ave – Laredo, TX 78041 – (956) 722-8445 – View Map - Farmers Insurance – Rene Benavides
8218 Casa Verde Rd, A-5 – Laredo, TX 78041 – (956) 723-9511 – View Map - Farmers Insurance – Edgar Gonzalez
2702 Jaime Zapata Memorial Hwy #1 – Laredo, TX 78043 – (956) 284-0111 – View Map
Independent Insurance Agents
These type of agents do not sell for just one brand and that gives them the ability to insure amongst many companies and find the cheapest rate. If your premiums go up, they simply move your policy to a different company and you don’t have to do anything. When comparing rate quotes, you should always include a couple of independent agencies for the best price selection. Many independent agencies also insure through smaller companies who may have lower rates.
Listed below is a list of independent agencies in Laredo who can help you get rate quotes.
- Alphasure Affordable Insurance Services
1620 Chihuahua St – Laredo, TX 78043 – (956) 729-9500 – View Map - Gonzalez H P Insurance Agency
1910 Corpus Christi St – Laredo, TX 78043 – (956) 725-5015 – View Map - FalconSure Insurance Agency
7718 McPherson Rd #3 – Laredo, TX 78045 – (956) 794-9700 – View Map
After you get satisfactory answers to all your questions in addition to an acceptable price estimate, it’s possible that you found an insurance agent that can be relied on to service your policy.
Auto insurance in Texas serves several purposes
Even though Laredo Aveo insurance rates can get expensive, paying for auto insurance is most likely required but also gives you several important benefits.
- The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability protection in order to get the vehicle licensed. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you have a loan on your vehicle, most lenders will require that you carry insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy at a much higher premium rate and force you to pay for the much more expensive policy.
- Auto insurance protects not only your Chevy but also your financial assets. Insurance will pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage also pays expenses related to your legal defense if you are sued as the result of your driving. If your car is damaged in a storm or accident, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance are definitely more than the cost, particularly when you have a large claim. But the average American driver overpays more than $869 every year so shop around every year to help ensure money is not being wasted.
Coverage specifics
Learning about specific coverages of your insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages offered by insurance companies.
Collision protection
This covers damage to your Aveo resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like sideswiping another vehicle, backing into a parked car and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to increase the deductible on your Aveo to bring the cost down.
Comprehensive protection
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like rock chips in glass, fire damage, hitting a deer and a tree branch falling on your vehicle. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Uninsured or underinsured coverage
This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Aveo.
Because many people have only the minimum liability required by law (30/60/25 in Texas), it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.
Coverage for liability
Liability insurance can cover damage or injury you incur to other people or property by causing an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 30/60/25 which means $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and $25,000 of coverage for damaged property.
Liability can pay for things like repair bills for other people’s vehicles, medical services, legal defense fees, medical expenses and pain and suffering. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford. Texas requires drivers to carry at least 30/60/25 but you should consider buying better liability coverage.
The chart below demonstrates why buying minimum limits may not be high enough to adequately cover claims.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like funeral costs, prosthetic devices, surgery, pain medications and nursing services. They are often used in conjunction with a health insurance plan or if you do not have health coverage. It covers you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
A conclusion for your car insurance search
You just read some good ideas how you can lower your Chevy Aveo insurance prices in Laredo. The key thing to remember is the more you quote Laredo car insurance, the better likelihood of getting inexpensive Laredo car insurance quotes. You may even be surprised to find that the best prices are with the least-expected company. They may have significantly lower rates on certain market segments than their larger competitors like State Farm and Allstate.
While you’re price shopping online, it’s not a good idea to skimp on coverage in order to save money. Too many times, drivers have reduced full coverage and learned later that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find for the lowest price, but don’t skip important coverages to save money.
More tips and info about car insurance is located in these articles:
- Safe Vehicles for Teens (iihs.org)
- How Much is Auto Insurance for Inexperienced Drivers in Laredo? (FAQ)
- Your Car has been Stolen: Now What? (Allstate)
- Understanding Limits and Deductibles (Allstate)
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)