Car Insurance Rates for a Chevy Aveo in Lincoln

Insurance quote for Chevy Aveo in LincolnDo you want a faster way to compare more competitive insurance rates in Lincoln, NE? Lincoln buyers have options when searching for the lowest priced Chevy Aveo insurance. They can either waste time contacting agents trying to get quotes or leverage the internet to find the lowest rates.

There is a right way and a wrong way to compare insurance rates so we’re going to tell you the quickest way to get price quotes for your Chevy and get the best price possible.

It is always a good idea to price shop coverage as often as possible because rates are variable and change quite frequently. Even if you got the best deal on Chevy Aveo insurance in Lincoln last year you can probably find a better price now. Block out anything you think you know about insurance because you’re about to learn how to quote online to reduce your cost while increasing coverage.

The quickest method we recommend to compare car insurance rates for Chevy Aveo insurance in Lincoln is to know the fact most larger insurance companies participate in a system to compare their rates. To start a quote, the only thing you need to do is provide information like if you have a valid license, your credit rating estimate, deductibles desired, and how much education you have. That information is instantly provided to many highly-rated insurers and you will receive price estimates almost instantly.

To compare cheap Chevy Aveo insurance rates now, click here then complete the form.

The companies in the list below are ready to provide free quotes in Lincoln, NE. In order to find cheap auto insurance in NE, we recommend you get price quotes from several of them to get the most affordable price.

Companies offer money-saving discounts on Chevy Aveo insurance in Lincoln

The price of auto insurance can be rather high, but there may be some discounts that may help make it more affordable. Some of these discounts will be visible at the time of purchase, but once in a while a discount must be asked about before being credited.Discount auto insurance

Policy discounts save money, but most credits do not apply to all coverage premiums. Some only apply to individual premiums such as comp or med pay. So even though you would think all the discounts add up to a free policy, nobody gets a free ride.

The example below illustrates the difference between Chevy Aveo insurance rates with and without policy discounts. The price estimates are based on a female driver, no accidents or driving violations, Nebraska state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, claim-free, multi-car, marriage, and safe-driver discounts applied.

Popular auto insurance companies and some of the premium reductions they offer include:

If you need low cost Lincoln auto insurance quotes, ask all the companies the best way to save money. All car insurance discounts may not apply to policies everywhere.

Car insurance statistics for a Chevy Aveo

The premium table displayed below showcases different insurance coverage prices for Chevy Aveo models. Learning how insurance rates are established can assist in making informed decisions.

Chevrolet Aveo Insurance Rates in Lincoln, NE
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $234 $506 $308 $18 $92 $1,158 $97
Aveo LS 4-Dr Sedan $234 $506 $308 $18 $92 $1,158 $97
Aveo LT 4-Dr Hatchback $264 $506 $308 $18 $92 $1,188 $99
Aveo LT 4-Dr Sedan $264 $506 $308 $18 $92 $1,188 $99
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Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Nebraska minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Information does not factor in Lincoln location which can modify prices noticeably.

Policy deductible comparison

One of the hardest decisions when shopping for car insurance is how low should you set your deductibles. The following tables show the premium difference between low and high comp and collision deductibles. The first price estimate table uses a $250 deductible and the second price table uses a $500 deductible.

Chevrolet Aveo insurance premium rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $232 $460 $300 $18 $90 $1,125 $94
Aveo LS 4-Dr Sedan $232 $460 $300 $18 $90 $1,125 $94
Aveo LT 4-Dr Hatchback $262 $460 $300 $18 $90 $1,155 $96
Aveo LT 4-Dr Sedan $262 $460 $300 $18 $90 $1,155 $96
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Chevrolet Aveo insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Aveo LS 4-Dr Hatchback $188 $370 $300 $18 $90 $966 $81
Aveo LS 4-Dr Sedan $188 $370 $300 $18 $90 $966 $81
Aveo LT 4-Dr Hatchback $212 $370 $300 $18 $90 $990 $83
Aveo LT 4-Dr Sedan $212 $370 $300 $18 $90 $990 $83
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Information does not factor in your specific Lincoln location which can affect premiums significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $13 more each month or $156 each year averaged for all Aveo models than choosing the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you normally average at a minimum 19 months between claims, you would save more money if you opt for a higher deductible.

Calculation for raising deductibles

Average monthly premium for $250 deductibles: $95
Average monthly premium for $500 deductibles (subtract): – $82
Monthly savings from raising deductible: $13
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

The information below demonstrates how deductibles and can affect Chevy Aveo insurance rates for different age categories. The rates are based on a single male driver, full coverage, and no discounts are applied.

Premiums by gender and age

The example below compares Chevy Aveo insurance costs for male and female drivers. The price estimates are based on a clean driving record, no at-fault accidents, full physical damage coverage, $250 deductibles, drivers are single, and no other discounts are factored in.

Rate difference between full and liability-only coverage

The illustration below illustrates the comparison of Chevy Aveo auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Nebraska. The costs are based on no accidents, no driving violations, $250 deductibles, single marital status, and no discounts are factored in.

When to stop buying full coverage

There is no definitive formula to exclude comprehensive and collision coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s say your Chevy Aveo replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying your deductible. If you are paying in excess of $400 annually for full coverage, then it may be the right time to buy liability only.

There are some scenarios where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Which car insurance company is best in Nebraska?

Choosing a highly-rated insurer can be rather challenging considering how many different companies insure vehicles in Lincoln. The information listed below could help you select which companies to look at putting your business with.

Top 10 Lincoln Car Insurance Companies Ranked by Claims Service

  1. Progressive
  2. Travelers
  3. Liberty Mutual
  4. Nationwide
  5. USAA
  6. AAA Insurance
  7. Safeco Insurance
  8. GEICO
  9. Esurance
  10. The General

Top 10 Lincoln Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Nationwide – A+
  6. Esurance – A+
  7. The Hartford – A+
  8. Progressive – A+
  9. Allstate – A+
  10. The General – A-

Chevy Aveo Insurance Prices Can Be More Affordable

Lots of factors are taken into consideration when you get a price on insurance. Some are obvious like a motor vehicle report, but some are less apparent like where you live and annual miles driven.

Shown below are some of the items car insurance companies consider when setting your prices.