The preferred way to get budget Chevy Aveo insurance is to begin comparing prices regularly from providers that sell auto insurance in El Paso. Rate comparisons can be done by following these steps.
- First, get an understanding of how car insurance works and the measures you can control to keep rates low. Many things that cause rate increases like traffic violations, accidents, and a bad credit score can be eliminated by making minor changes in your lifestyle.
- Second, get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO or Allstate, while agents who are independent can provide prices from multiple companies.
- Third, compare the new quotes to your existing rates to see if a cheaper price is available. If you can save some money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, give notification to your agent or company of your intention to cancel your existing policy. Submit a down payment along with a completed application for the new coverage. Immediately upon receiving it, put the new proof of insurance certificate in an easily accessible location in your vehicle.
A key point to remember is that you’ll want to make sure you compare the same level of coverage on every quote request and and to get rates from every company you can. This guarantees the most accurate price comparison and a complete price analysis.
Unfortunately, a large majority of insurance policyholders have bought insurance from the same company for four years or more, and just short of a majority have never even shopped around for cheaper coverage. El Paso drivers could save an average of $1,770 each year by just comparing quotes, but they don’t invest the time required to save money by comparing rate quotes.
The easiest way to compare insurance rates in your area utilizes the fact auto insurance companies allow for online access to give you rate quotes. The only thing you need to do is provide the companies a bit of rating information like how old drivers are, if it has an alarm system, if a SR-22 is required, and deductibles desired. That rating data gets sent immediately to multiple companies and they return cost estimate immediately.
To start a quote now, click here and find out if you can get cheaper insurance in El Paso.
The companies in the list below have been selected to offer price quotes in El Paso, TX. If several companies are displayed, we suggest you visit two to three different companies in order to find the most affordable rates.
Why you need to buy auto insurance
Even though it’s not necessarily cheap to insure a Chevy in El Paso, auto insurance is required by state law in Texas and it also provides benefits you may not be aware of.
First, almost all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability if you don’t want to risk a ticket. 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.
Second, if you took out a loan on your Aveo, most lenders will force you to have insurance to protect their interest in the vehicle. If the policy lapses, the bank may insure your Chevy at a more expensive rate and force you to reimburse them the higher premium.
Third, auto insurance protects both your assets and your Chevy Aveo. It will also provide coverage for many types of medical costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance will also pay to defend you if you are sued as the result of your driving. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of having auto insurance more than cancel out the cost, especially when you need to use it. But the average American driver is wasting up to $810 a year so smart consumers compare quotes at every policy renewal to save money.
Car insurance analysis for a Chevy Aveo
The coverage information below outlines different insurance policy prices for Chevy Aveo models. Having knowledge of how insurance policy premiums are formulated 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 | $230 | $496 | $366 | $22 | $110 | $1,224 | $102 |
| Aveo LS 4-Dr Sedan | $230 | $496 | $366 | $22 | $110 | $1,224 | $102 |
| Aveo LT 4-Dr Hatchback | $260 | $496 | $366 | $22 | $110 | $1,254 | $105 |
| Aveo LT 4-Dr Sedan | $260 | $496 | $366 | $22 | $110 | $1,254 | $105 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rates do not factor in zip code location which can impact premium rates significantly.
Comparison of policy deductibles
The hardest decision when buying coverage is where to set your physical damage deductibles. The premium rates below may help to conceptualize the rate differences of buying low and high insurance deductibles. The first pricing table uses a $250 deductible for physical damage and the second price grid uses a $500 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 | $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 | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Table data does not factor in specific zip code location which can modify rates greatly.
Based on the above data, using a $250 deductible will cost you about $16 more each month or $192 annually across all Chevrolet Aveo models than selecting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you usually have more than 16 months between claims, you would come out ahead by going with a higher deductible.
Calculation for raising deductibles
| Average monthly premium for $250 deductibles: | $120 |
| Average monthly premium for $500 deductibles (subtract): | – $104 |
| Monthly savings from raising deductible: | $16 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $16 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
The diagram below illustrates how your deductible choice and can increase or decrease Chevy Aveo insurance rates for each age group. The data is based on a married male driver, full coverage, and no other discounts are factored in.
Tickets and at-fault accidents raise rates
The chart below illustrates how speeding tickets and accidents can impact Chevy Aveo car insurance costs for different insured age categories. The rates are based on a married male driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
Chevrolet Aveo insurance costs by gender and age
The chart below compares Chevy Aveo car insurance rates for male and female drivers. The data is based on no claims, a clean driving record, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
Discounts mean cheaper rates for Chevy Aveo insurance in El Paso
Some companies don’t always advertise their entire list of discounts in a way that’s easy to find, so we break down both the well known in addition to some of the lesser obvious credits that you can use to lower your rates.
- Sign Online – A handful of companies will provide an incentive for signing up on the internet.
- Good Driver Discount – Insureds without accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
- Switch and Save Discount – Some insurance companies give discounts for signing up before your current expiration date. You could save around 10% when you buy El Paso auto insurance online.
- Distant Student – Older children who are enrolled in a college that is more than 100 miles from El Paso and leave their car at home may be able to be covered for less.
- Active Military Service – Being deployed with a military unit can result in better prices.
A quick disclaimer, most credits do not apply to your bottom line cost. Most only cut individual premiums such as comp or med pay. So when it seems like you can get free auto insurance, that’s just not realistic.
The diagram below shows the difference between Chevy Aveo auto insurance rates with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no accidents, no driving violations, Texas state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, marriage, multi-car, claim-free, and safe-driver discounts applied.
A list of insurance companies and a partial list of their discounts are included below.
- GEICO may include discounts for seat belt use, membership and employees, emergency military deployment, good student, anti-theft, and five-year accident-free.
- MetLife discounts include multi-policy, good student, defensive driver, good driver, accident-free, and claim-free.
- State Farm offers discounts for defensive driving training, passive restraint, Drive Safe & Save, multiple autos, multiple policy, Steer Clear safe driver discount, and safe vehicle.
- Progressive offers premium reductions for online quote discount, good student, online signing, continuous coverage, and homeowner.
- Mercury Insurance has savings for good student, type of vehicle, multi-car, annual mileage, accident-free, good driver, and professional/association.
- 21st Century offers discounts including defensive driver, anti-lock brakes, driver training, homeowners, and good student.
- Allstate policyholders can earn discounts including FullPay discount, economy car, 55 and retired, utility vehicle, and new car.
Before you buy a policy, ask each insurance company which discounts can lower your rates. Discounts might not be offered on policies in El Paso.
When to contact an insurance agency
Certain consumers would rather talk to a local agent and that is a personal choice. The biggest benefit of comparing rate quotes online is you may find cheap rate quotes but still work with a licensed agent. Buying from and supporting neighborhood insurance agencies is important especially in El Paso.
After filling out this short form, your insurance data is immediately sent to insurance agents in El Paso who will give competitive quotes for your business. It simplifies rate comparisons since you won’t have to contact any agents as quotes are delivered to you instantly. Get lower rates and work with a local agent. If for some reason you want to get a price quote from a particular provider, don’t hesitate to navigate to their website and complete a quote there.
When finding a good El Paso insurance agent, you must know there are a couple different agency structures and how they differ in how they quote coverages. Agencies in El Paso are categorized either independent (non-exclusive) or exclusive.
Independent Insurance Agents
Independent insurance agents are not locked into one company and that enables them to quote your coverage with an assortment of companies and find you the best rates. If they find a cheaper price, the business is moved internally and you can keep the same agent. When comparing insurance prices, it’s recommended you get several quotes from several independent agencies so that you can do a thorough price comparison.
Shown below is a short list of independent insurance agencies in El Paso that can possibly get you price quote information.
Colonial Insurance
1515 Lee Trevino Dr – El Paso, TX 79936 – (915) 590-4099 – View Map
Pan American Insurance
7399 Alameda Ave – El Paso, TX 79915 – (915) 772-9000 – View Map
Colonial Insurance Agency
7636 Gateway Blvd E – El Paso, TX 79915 – (915) 592-0999 – View Map
Exclusive Agents
These agents can only place business with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. They generally cannot give you multiple price quotes so they really need to provide good service. Exclusive agents receive extensive training in insurance sales which aids in selling service over price.
Listed below is a list of exclusive insurance agencies in El Paso that can give you rate quotes.
Allstate Insurance: John Choi
8500 Dyer St Ste 7 – El Paso, TX 79904 – (915) 755-2201 – View Map
Eric Fierro – State Farm Insurance Agent
2200 N Yarbrough Dr c – El Paso, TX 79925 – (915) 595-3622 – View Map
Elizabeth Lopez – State Farm Insurance Agent
3010 Saul Kleinfeld Dr Ste E – El Paso, TX 79936 – (915) 921-9800 – View Map
Selecting an car insurance agent should depend on more than just the quoted price. These are some questions your agent should answer.
- How long has the business existed?
- Is insurance their full-time profession?
- Do they specialize in personal lines auto insurance in El Paso?
- Are they able to provide referrals?
- Does the agency have a good rating with the Better Business Bureau?
- What are the financial ratings for the companies they represent?
After getting acceptable answers to all your questions as well as a price you’re happy with, you’ve probably found an insurance agency that can be relied on to provide insurance coverage.
El Paso auto insurance company ratings
Insuring your vehicle with the highest-rated insurance provider can be difficult considering how many companies there are in Texas. The ranking data shown below could help you pick which car insurance providers you want to consider comparing rates with.
Top 10 El Paso Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Car insurance 101
Understanding the coverages of your car insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by car insurance companies.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for chiropractic care, funeral costs, rehabilitation expenses, ambulance fees and pain medications. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Collision insurance
Collision insurance will pay to fix damage to your Aveo resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as sustaining damage from a pot hole, rolling your car and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible on your Aveo to save money on collision insurance.
Auto liability
Liability insurance protects you from damage or injury you incur to other’s property or people. It protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 30/60/25 which stand for a limit of $30,000 per injured person, a per accident bodily injury limit of $60,000, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as repair costs for stationary objects, medical services, bail bonds and repair bills for other people’s vehicles. How much coverage you buy is up to you, but consider buying as large an amount as possible. Texas state law requires minimum liability limits of 30/60/25 but drivers should carry better liability coverage.
The illustration below shows why buying minimum limits may not be high enough to cover claims.
Comprehensive insurance
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as theft, hitting a deer and fire damage. The maximum amount your car insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your Chevy Aveo.
Since many Texas drivers carry very low liability coverage limits (which is 30/60/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
You can find cheap coverage
When trying to cut insurance costs, you should never buy poor coverage just to save money. In many cases, someone sacrificed physical damage coverage only to discover later that the small savings ended up costing them much more. Your goal is to buy enough coverage at an affordable rate while still protecting your assets.
Cheap Chevy Aveo insurance in El Paso is definitely available both online in addition to local insurance agencies, so you need to shop El Paso auto insurance with both to have the best chance of lowering rates. A few companies do not offer internet price quotes and usually these small, regional companies prefer to sell through independent insurance agents.
For more information, feel free to browse the following helpful articles:
- Insurance Losses by Make and Model (iihs.org)
- Safety Features for Your New Car (State Farm)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Teen Driving Statistics (GEICO)