Everyone knows that car insurance companies don’t want their customers to go rate shopping. People who shop around for cheaper rates will probably switch to a new company because there is a high probability of finding a policy with more affordable rates. A survey found that people who compared rates once a year saved an average of $860 a year as compared to drivers who don’t regularly compare prices.
If finding the best price on Chevy Aveo insurance in Lubbock is your objective, understanding how to choose a company and compare coverage rates can make shopping around easier.
The best way to get budget Chevy Aveo insurance in Lubbock is to regularly compare prices from different companies in Texas. Price quotes can be compared by following these guidelines.
- Try to learn about the coverage provided by your policy and the changes you can make to prevent high rates. Many policy risk factors that result in higher rates like traffic violations and poor credit history can be eliminated by making minor driving habit or lifestyle changes. This article provides information to find cheap rates and find overlooked discounts.
- Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO and Allstate, while independent agents can quote prices for a wide range of companies.
- Compare the price quotes to the price on your current policy to see if a cheaper price is available. If you can save some money and switch companies, make sure there is no coverage gap between policies.
A valuable tip to remember is that you’ll want to compare the same deductibles and limits on each price quote and and to get prices from as many auto insurance providers as possible. This guarantees a level playing field and the best rate selection.
Buying the cheapest insurance in Lubbock is much easier if you know where to start. If you have a policy now, you will be able to buy cheaper insurance using the ideas covered in this article. Nevertheless, Texas drivers can benefit by having an understanding of the way insurance companies charge you for coverage and use it to find better rates.
Lubbock car insurance discounts
Car insurance can cost a lot, but there could be available discounts that you may not know about. Most are applied when you purchase, but occasionally some discounts must be manually applied prior to getting the savings.
- Government Employees – Federal government employees could provide a small rate reduction with some car insurance companies.
- Discount for New Cars – Putting insurance on a new Aveo may earn a small discount due to better safety requirements for newer vehicles.
- Defensive Driver Discounts – Taking a course in driver safety can save you 5% or more if you qualify.
- ABS and Traction Control Discounts – Cars and trucks that have steering control and anti-lock brakes can avoid accidents so companies give up to a 10% discount.
- Memberships – Joining certain professional organizations could trigger savings when shopping for car insurance.
It’s important to understand that many deductions do not apply to the entire cost. Most only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think all the discounts add up to a free policy, you’re out of luck.
The example below compares Chevy Aveo insurance prices with and without discounts being applied to the rates. The data assumes a female driver, no accidents, no driving violations, Texas 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, marriage, multi-policy, homeowner, safe-driver, and multi-car discounts applied.
Larger car insurance companies and a partial list of their discounts include:
- State Farm may include discounts for Drive Safe & Save, good student, multiple policy, multiple autos, and defensive driving training.
- GEICO offers premium reductions for daytime running lights, military active duty, membership and employees, emergency military deployment, driver training, and five-year accident-free.
- Liberty Mutual policyholders can earn discounts including good student, newly retired, multi-policy, multi-car, hybrid vehicle, and new graduate.
- The Hartford may offer discounts for anti-theft, defensive driver, good student, driver training, and bundle.
- MetLife discounts include multi-policy, good driver, claim-free, accident-free, and good student.
- Progressive includes discounts for good student, continuous coverage, homeowner, online quote discount, and multi-vehicle.
It’s a good idea to ask each insurance company which discounts can lower your rates. All car insurance discounts may not be available in Lubbock. To see car insurance companies with the best Chevy Aveo insurance discounts in Texas, click here to view.
When comparison shopping, there are several ways to compare rate quotes from many different Texas insurance companies. The recommended way to compare rates is to get quotes online.
Comparing rate quotes online is fast and free, and it takes the place of having to waste gas driving to each insurance agency near you. Doing it all online reduces the need to sit down with an agent unless you have a need for the peace of mind of an agent trained in personal lines coverage. Drivers can compare the best prices online but buy the policy through an agent. Just keep in mind that quoting more helps improve the odds of finding the best price. Some insurance companies are not set up to provide online rate quotes, so you should also compare quotes on coverage from those companies, too.
The car insurance companies shown below offer free rate quotes in Lubbock, TX. To get cheap car insurance in Lubbock, TX, it’s highly recommended you click on several of them to get the best price comparison.
Chevy Aveo insurance coverage information
The price information displayed below highlights detailed analysis of insurance policy prices for Chevy Aveo models. Having knowledge of how rates are established can help drivers make smart choices when purchasing an auto insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $282 | $684 | $400 | $24 | $120 | $1,510 | $126 |
| Aveo LS 4-Dr Sedan | $282 | $684 | $400 | $24 | $120 | $1,510 | $126 |
| Aveo LT 4-Dr Hatchback | $318 | $684 | $400 | $24 | $120 | $1,546 | $129 |
| Aveo LT 4-Dr Sedan | $318 | $684 | $400 | $24 | $120 | $1,546 | $129 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle garaging location which can raise or lower coverage rates noticeably.
How high should deductibles be?
When comparing auto insurance rates, the most common question is the level to set your comp and collision deductibles. The rates below can help illustrate the differences in premium rates when you buy lower versus higher coverage deductibles. The first pricing table uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $328 | $698 | $382 | $22 | $114 | $1,569 | $131 |
| Aveo LS 4-Dr Sedan | $328 | $698 | $382 | $22 | $114 | $1,569 | $131 |
| Aveo LT 4-Dr Hatchback | $370 | $698 | $382 | $22 | $114 | $1,611 | $134 |
| Aveo LT 4-Dr Sedan | $370 | $698 | $382 | $22 | $114 | $1,611 | $134 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Aveo LS 4-Dr Hatchback | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Aveo LS 4-Dr Sedan | $240 | $472 | $382 | $22 | $114 | $1,230 | $103 |
| Aveo LT 4-Dr Hatchback | $270 | $472 | $382 | $22 | $114 | $1,260 | $105 |
| Aveo LT 4-Dr Sedan | $270 | $472 | $382 | $22 | $114 | $1,260 | $105 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in zip code location which can impact prices significantly.
Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $29 more each month or $348 for a full year averaged for all Aveo models than requesting the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you average at least 14 months between claim filings, you would most likely save money going with the higher deductible. Here is an example of how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $133 |
| Average monthly premium for $500 deductibles (subtract): | – $104 |
| Monthly savings from raising deductible: | $29 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $29 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 14 months |
An important sidenote is that raising deductibles means you will have to pay more out-of-pocket when you have to file a claim. It will be required that you have enough savings in order to pay the higher deductible in order to repair your vehicle.
Comparison of full coverage and liability-only policies
The chart below compares Chevy Aveo insurance costs with liability coverage only compared to full coverage. Data assumes no tickets, no at-fault accidents, $500 deductibles, single status, and no discounts are taken into consideration.
When to stop paying for full coverage
There is no written rule for phasing out physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then it might be time to buy liability only.
For example, let’s assume your Chevy Aveo claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after paying the physical damage deductible. If you are paying more than $400 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are a few situations where removing full coverage is not in your best interest. If you still have a lienholder on your title, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage in place.
Local neighborhood insurance agents
Some people would prefer to go talk to an agent and that can be a smart move The biggest benefit of comparing auto insurance online is you may find cheap auto insurance quotes and still buy from a local agent.
By using this form (opens in new window), the quote information is submitted to participating agents in Lubbock who will give competitive quotes for your auto insurance coverage. You won’t need to contact an agency because prices are sent directly to your email. You can most likely find cheaper rates without the usual hassles of price shopping. If for some reason you want to compare rates for a specific company, you just need to find their quoting web page and fill out their quote form.
Deciding on an provider requires you to look at more than just a cheap price. These questions are important to ask:
- How experienced are they in personal risk management?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Is the coverage adequate for your vehicle?
- Are there any discounts that you might be missing?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- In the event of vehicle damage, can you pick the collision repair facility?
- Will they make sure you get an adequate claim settlement?
If you are wanting to find a reliable insurance agency, you should know the different types of agencies and how they differ in how they quote coverages. Lubbock agents may be either independent or exclusive.
Exclusive Auto Insurance Agencies
These agents can only quote rates from one company such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare rates from other companies so you need to shop around if the rates are high. Exclusive insurance agents are usually well trained on their company’s products and that allows them to sell at a higher price point.
Shown below is a list of exclusive insurance agencies in Lubbock that are able to give price quote information.
Farmers Insurance – Victor Rodriguez
2026 82nd St #103 – Lubbock, TX 79423 – (806) 783-0831 – View Map
Keith Potts – State Farm Insurance Agent
6110 Frankford Ave A – Lubbock, TX 79424 – (806) 794-5084 – View Map
Allstate Insurance Agent: Russell Donaway
2321 50th St Ste C – Lubbock, TX 79412 – (806) 799-4600 – View Map
Independent Insurance Agents
Independent agents are appointed with more than one company so they can quote policies with multiple insurance companies and get you the best rates possible. If you are not satisfied with one company, an independent agent can move your coverage which makes it simple for you. When searching for an agent, you absolutely need to include rate quotes from a few independent agents for maximum quote selection.
Below are independent insurance agencies in Lubbock that are able to give rate quotes.
Willcoxon Insurance
4601 S Loop 289 # 7 – Lubbock, TX 79424 – (806) 763-4005 – View Map
Circle Insurance
6520 University Ave – Lubbock, TX 79412 – (806) 797-4131 – View Map
David Tate Insurance Agency LLP
5233 79th St – Lubbock, TX 79424 – (806) 794-1177 – View Map
Shop around and save
Lower-priced auto insurance in Lubbock can be found online and from local insurance agents, so you need to shop Lubbock car insurance with both to have the best chance of lowering rates. Some auto insurance companies may not have rate quotes online and usually these regional insurance providers work with independent insurance agents.
As you prepare to switch companies, never sacrifice coverage to reduce premiums. There are a lot of situations where someone sacrificed liability limits or collision coverage only to discover later that it was a big mistake. Your focus should be to get the best coverage possible at a price you can afford, but do not skimp to save money.
We’ve covered a lot of tips how to get a better price on Chevy Aveo insurance in Lubbock. It’s most important to understand that the more times you quote, the better your comparison will be. You may even find the lowest priced auto insurance comes from a smaller regional carrier. They often have lower rates on specific markets than the large multi-state companies such as State Farm or Progressive.
More information can be read at the links below
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- What Insurance is Cheapest for Seniors in Lubbock? (FAQ)
- Help Your Teen Be a Better Driver (State Farm)
- Your Car has been Stolen: Now What? (Allstate)