Unfortunately, about 70% of customers have bought auto insurance from the same company for more than four years, and nearly the majority have never compared quotes from other companies. American consumers could save an average of as much as 46.5% each year just by comparing rates, but they mistakenly think it’s difficult to find affordable auto insurance rates.
The easiest way to find cheaper Chevy Sonic insurance in Orlando is to compare quotes once a year from insurance carriers in Florida. Price quotes can be compared by following these guidelines.
Step 1: Try to learn about how companies set rates and the things you can control to prevent expensive coverage. Many risk factors that increase rates like at-fault accidents, careless driving, and a less-than-favorable credit history can be rectified by improving your driving habits or financial responsibility.
Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or State Farm, while independent agents can give you price quotes for many different companies. View insurance agents
Step 3: Compare the quotes to your existing rates and see if you can save money. If you can save some money and buy the policy, ensure coverage does not lapse between policies.
Step 4: Give proper notification to your current agent or company to cancel your current car insurance policy and submit a down payment along with a completed application to your new carrier. Immediately upon receiving it, store the certificate verifying proof of insurance with the vehicle registration.
A crucial key to this process is to compare the same deductibles and limits on each quote and to quote with as many companies as feasibly possible. Doing this ensures a fair price comparison and a better comparison of the market.
How You Can Control Chevy Sonic Insurance Prices
Part of the car insurance buying process is learning some of the things that play a part in calculating your car insurance rates. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could result in cheaper rates.
The following are some of the major factors car insurance companies consider when setting prices.
Influences performance influences auto insurance prices – The performance level of the car, truck or SUV you are insuring makes a significant difference in how high your rates are. The lowest base rates are usually found on small economy passenger models, but many other things help determine your insurance rates.
Add-on coverages can cost a lot – There are many extra add-on coverages that can waste your money if you aren’t diligent. Insurance for things like replacement cost coverage, better glass coverage, and motor club memberships may not be needed and are just wasting money. They may seem good when buying your policy, but if you’ve never needed them in the past think about removing them and cutting costs.
Cut rates and deter theft – Owning a car with anti-theft technology or alarm system can help lower your premiums. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder car theft and help bring rates down.
Gender is a factor – Over time, data shows women are more cautious behind the wheel. The data does not necessarily mean that females are better at driving than males. Females and males have auto accidents in similar percentages, but men have accidents that have higher claims. Men also receive more major tickets such as DWI and reckless driving. Youthful male drivers cause the most accidents so they pay the highest premiums.
What’s your car’s IIHS safety rating? – Vehicles with good safety scores cost less to insure. These vehicles protect occupants better and fewer serious injuries means your insurance company pays less and lower rates for you. If your Chevy scored at minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org it may be receiving lower rates.
Lower car insurance rates with continuous coverage – Having a gap between insurance policy dates can be a fast way to increase your renewal premiums. Not only will you pay more, the inability to provide proof of insurance could result in a fine, jail time, or a revoked license.
Liability insurance limits should be high – The liability coverage on your policy provides coverage in the event that a jury decides you are liable for damages from an accident. Liability provides for a legal defense to attempt to prove you were not liable. Liability is cheap when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
Low stress employer equals lower premiums – Occupations such as judges, police officers, and stock brokers are shown to have higher rates than average because of intense work situations and incredibly demanding work hours. Other careers such as farmers, athletes and retirees pay the least.
Chevy Sonic claim probability – Insurers study historical loss data in order to profitably underwrite each model. Models that the data determines to have higher loss trends will have increased rates. The table shown below demonstrates the loss history for Chevy Sonic vehicles.
For each coverage category, the claim probability for all vehicles combined as an average is equal to 100. Percentage numbers below 100 suggest a better than average loss history, while numbers above 100 show a trend for more claims or an increased chance of a larger loss.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Chevrolet Sonic | 104 | 132 | 91 | 167 | 189 | 159 |
Statistics from IIHS.org for 2013-2015 Model Years
Save with these discounts on Chevy Sonic insurance in Orlando
Some insurers do not list every discount they offer very clearly, so the list below gives a summary of a few of the more well known and the harder-to-find discounts that may be available.
- Active Service Discounts – Having a deployed family member may qualify for rate reductions.
- ABS and Traction Control Discounts – Vehicles with ABS and/or traction control have fewer accidents and the ABS can save up to 10%.
- Discount for Passive Restraints – Factory options such as air bags may earn rate discounts as much as 30%.
- Home Ownership Discount – Being a homeowner can get you a discount because of the fact that having a home means you have a higher level of financial diligence.
- Accident Forgiveness Coverage – Not really a discount, but some companies like Allstate and GEICO will forgive one accident without raising rates so long as you are claim-free prior to being involved in the accident.
- Driver Education Discount – Teen drivers should take driver’s ed class in school.
- Pay Now and Pay Less – By paying your entire bill at once rather than spreading payments over time you could save 5% or more.
- Good Grades Discount – Performing well in school may save as much as 25% on a Orlando car insurance quote. This discount can apply up to age 25.
- More Vehicles More Savings – Buying insurance for more than one vehicle on one policy qualifies for this discount.
- Senior Citizens – Seniors may receive better car insurance rates.
A quick disclaimer, most of the big mark downs will not be given to the whole policy. Most cut specific coverage prices like physical damage coverage or medical payments. Despite the appearance that all those discounts means the company will pay you, nobody gets a free ride. Any amount of discount will definitely reduce your overall bill.
Companies who may offer many of the previously listed discounts include:
Before purchasing a policy, check with each company or agent the best way to save money. Some discounts listed above may not be available in your area. To view insurers who offer cheap Chevy Sonic insurance quotes in Orlando, follow this link.
You can find cheap coverage
When buying insurance coverage, do not buy poor coverage just to save money. Too many times, an insured dropped liability coverage limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to buy enough coverage for the lowest price, but don’t skip important coverages to save money.
In this article, we covered a lot of information how to get a better price on Chevy Sonic insurance in Orlando. It’s most important to understand that the more price quotes you have, the better your comparison will be. Drivers may even discover the biggest savings come from some of the smallest insurance companies. Smaller companies may have significantly lower premium rates on certain market segments compared to the large companies like Allstate or State Farm.
For more information, feel free to browse the articles below:
- Drunk Driving Statistics (Insurance Information Institute)
- Vehicle Safety Ratings (iihs.org)
- Understanding Limits and Deductibles (Allstate)