Wish you could get a refund on high-priced Chevy Avalanche insurance in Fort Wayne? You're preaching to the choir because you are not the only one feeling buyer's remorse.
A study showed that most drivers in Indiana have bought car insurance from the same company for at least the last four years, and about 40% of consumers have never quoted car insurance rates at all. American drivers can cut their rates by roughly 46.5% a year by just comparing rate quotes, but they won't spend time to shop around.
Insurance companies such as Allstate, Progressive and GEICO continually hit you with advertising and it is challenging if not impossible to see past the corporate glitz and effectively compare rates to find the best deal.
How do Insurance Companies Determine Chevy Avalanche Insurance Premiums?
Many things are used in the calculation when pricing auto insurance. Some factors are common sense such as your driving history, but some are less obvious such as your credit history or your vehicle rating. An important part of buying insurance is that you know the rating factors that come into play when calculating your policy premiums. If you have a feel for what controls the rates you pay, this allows you to make good choices that can help you get much lower annual insurance costs.
Higher rates for specific jobs - Jobs such as military personnel, architects and miners tend to pay the highest rates attributed to stressful work requirements and incredibly demanding work hours. On the flip side, jobs like scientists, students and performers pay lower than average rates.
Driver age impacts costs - Teen drivers in Indiana have a tendency to get distracted easily behind the wheel therefore auto insurance rates are much higher. Adding a first-time driver onto a policy can be quite pricey. More experienced drivers tend to be more responsible, cost insurance companies less in claims, and are generally more financially stable.
Costs may be higher where you live - Living in a rural area is a positive aspect when shopping for auto insurance. Drivers in populated areas have to deal with more aggressive driving styles and more time behind the wheel. Lower population means fewer accidents.
No auto insurance claims equals cheaper auto insurance rates - Car insurance companies in Indiana give the lowest premiums to people who do not rely on their insurance for small claims. If you're an insured who likes to file claims you can expect increased rates or even have your policy non-renewed. Insurance coverage is intended to be relied upon for claims that you cannot pay yourself.
Annual miles impacts premiums - Driving a lot of miles in a year the more you will pay for auto insurance. Many insurance companies calculate prices based upon how much you drive. Cars that have low annual miles receive better premium rates as compared to vehicles used primarily for driving to work. A policy that improperly rates your Avalanche may be wasting your money. Double check that your policy is rated on the right rating data.
Prevent auto insurance lapses - Driving without insurance coverage in place is against the law and as a result your rates will increase for letting your insurance coverage expire. Not only will you pay higher rates, not being able to provide proof of insurance will get you a fine, jail time, or a revoked license. You may then have to submit proof of financial responsibility or a SR-22 with the Indiana department of motor vehicles.
Reduce rates by driving safer cars - Cars with five star safety ratings cost less to insure. Vehicles engineered for safety help reduce the chance of injuries in an accident and any reduction in injury severity translates directly to fewer claims and thus lower rates. If your Chevy is rated at least an "acceptable" rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
To get cheaper Fort Wayne car insurance quotes, there a variety of ways of comparing rates from local Fort Wayne insurance companies. The best way to find competitive Chevy Avalanche insurance rates is to get quotes online.
Getting price quotes online is very simple and it makes it a waste of time to make phone calls or go to different Fort Wayne agent offices. The fact that you can get quotes online eliminates the middleman unless you have a need for the professional assistance that you can only get from talking to an agent. You can, however, get prices online but still have the advice of a local agent. When price shopping your coverage, comparing more rates from different companies gives you a better chance of getting a lower rate than you're paying now.
The auto insurance companies shown below have been selected to offer price quotes in Indiana. If multiple companies are shown, we suggest you click on several of them to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Avalanche LS 2WD||$210||$358||$396||$24||$118||$1,106||$92|
|Avalanche LT 2WD||$234||$504||$368||$22||$110||$1,238||$103|
|Avalanche LS 4WD||$220||$428||$474||$28||$142||$1,292||$108|
|Avalanche LT 4WD||$210||$422||$368||$22||$110||$1,132||$94|
|Avalanche LTZ 2WD||$212||$366||$336||$20||$100||$1,034||$86|
|Avalanche LTZ 4WD||$304||$514||$350||$20||$106||$1,294||$108|
|Get Your Own Custom Quote Go|
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can impact rates noticeably.
Price comparison of only insuring for liability
The chart below shows the comparison of Chevrolet Avalanche auto insurance costs with liability coverage only compared to full coverage. The information is based on no tickets, no at-fault accidents, $1,000 deductibles, married male driver, and no discounts are applied.
When to drop comprehensive and collision coverage
There is no set rule for eliminating full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
For example, let's pretend your Chevrolet Avalanche book value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $3,000 after paying the physical damage deductible. If you are paying over $300 a year for full coverage, then you may need to consider dropping full coverage.
There are some cases where buying only liability insurance is not a good idea. If you haven't satisfied your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Can you really save that much by switching?
21st Century, Allstate and State Farm seem to constantly run ads in print and on television. All the ads make the point that you'll save big if you just switch your insurance policy to them. That's great but how can every company charge less that you're paying now? This is the trick they use.
Insurance companies give the best rates for the driver that earns them the highest profit. An example of a desirable insured may need to be a mature driver, has never had a claim, and drives less than 7,500 miles a year. Any new insured who meets those qualifications will most likely get cheap car insurance rates and as a result will probably save money with a new company.
Potential customers who do not fit those standards must pay higher premiums and this can result in the customer not buying. The ads state "customers who switch" but not "everyone who gets a quote" save that kind of money. That is how companies can truthfully advertise the way they do.
That is why it's extremely important to get a wide range of price quotes. It's not possible to predict the company that will have better premium rates than you're paying now.
Auto insurance is not optional
Even though it's not necessarily cheap to insure a Chevy in Fort Wayne, insurance serves several important purposes.
- Most states have minimum mandated liability insurance limits which means the state requires specific limits of liability insurance in order to drive the car. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a loan on your Chevy, almost all lenders will require that you have full coverage to ensure loan repayment if the vehicle is totalled. If you default on your policy, the lender will be forced to insure your Chevy for a much higher rate and require you to fork over a much higher amount than you were paying before.
- Insurance protects your vehicle and your assets. It will also provide coverage for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability coverage also pays for attorney fees and expenses if anyone sues you for causing an accident. If your Chevy gets damaged, your policy will pay all costs to repair after the deductible has been paid.
The benefits of buying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. An average driver in America is currently overpaying as much as $865 each year so compare rates at every renewal to make sure the price is not too high.
Score discounts on Fort Wayne auto insurance
Buying auto insurance is not cheap, but there could be significant discounts that can dramatically reduce your bill. Some discounts apply automatically at the time of quoting, but lesser-known reductions have to be asked about before being credited.
- ABS and Traction Control Discounts - Cars equipped with ABS or steering control can stop better under adverse conditions and will save you 10% or more on Avalanche insurance in Fort Wayne.
- New Car Discount - Insuring a new Avalanche can save up to 30% because new model year vehicles keep occupants safer.
- Service Members Pay Less - Having a deployed family member could trigger a small discount.
- Drive Safe and Save - Insureds who avoid accidents can pay as much as 50% less than their less cautious counterparts.
- Accident Forgiveness - Not really a discount, but certain companies allow you one accident without raising rates so long as you are claim-free for a certain period of time.
- Theft Deterrent - Vehicles optioned with advanced anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Multi-Vehicle Discounts - Having multiple cars or trucks with the same auto insurance company can get a discount for every vehicle.
One last thing about discounts, some of the credits will not apply the the whole policy. Some only apply to specific coverage prices like comprehensive or collision. Even though the math looks like you can get free auto insurance, companies don't profit that way.
A list of companies and some of their more popular discounts can be read below.
- 21st Century offers premium reductions for 55 and older, anti-lock brakes, driver training, theft prevention, early bird, defensive driver, and automatic seat belts.
- Progressive has discounts for multi-policy, multi-vehicle, online quote discount, online signing, continuous coverage, good student, and homeowner.
- State Farm offers discounts including good student, safe vehicle, driver's education, multiple autos, and good driver.
- Nationwide may offer discounts for accident-free, defensive driving, easy pay, business or organization, good student, anti-theft, and family plan.
- Esurance offers discounts for multi-policy, homeowner, Pac-12 alumni, defensive driver, and claim free.
- The Hartford discounts include good student, driver training, vehicle fuel type, anti-theft, and defensive driver.
If you want inexpensive Fort Wayne car insurance quotes, ask each insurance company to give you their best rates. Depending on the company, some discounts may not apply in your area.
Auto insurance agents near you
A lot of people would prefer to sit down and talk to an agent and often times that is recommended A nice benefit of getting free rate quotes online is the fact that drivers can get cheaper car insurance rates and also buy local. Putting coverage with small agencies is still important in Fort Wayne.
After filling out this quick form, your coverage information is submitted to companies in Fort Wayne that provide free Fort Wayne car insurance quotes to get your business. It's much easier because you don't need to contact an agency as quotes are delivered straight to your inbox. You can get cheaper insurance rates without the usual hassles of price shopping. If you need to get a price quote from one company in particular, just go to their quote page and fill out their quote form.
When narrowing the list to find a local insurance agency, you need to know there are two different agency structures that you can choose from. Agencies in Fort Wayne are categorized either independent or exclusive.
Agents that choose to be independent do not write with just one company so as a result can place your coverage through many companies and help determine which has the cheapest rates. If they quote lower rates, the agent simply finds a different carrier and the insured can keep the same agent.
When comparing rates, you will definitely want to get insurance quotes from multiple independent agents to get the best comparison.
Featured below is a small list of independent insurance agents in Fort Wayne that may be able to give you comparison quotes.
Exclusive Insurance Agencies
Agents of this type can only provide one company's prices such as AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot compare other company's rates so you need to shop around if the rates are high. Exclusive agencies are well schooled on their products and sales techniques and that allows them to sell at a higher price point.
Listed below are Fort Wayne exclusive insurance agencies that can give you price quotes.
W.C. Starks - State Farm Insurance Agent
3818 S Calhoun St - Fort Wayne, IN 46807 - (260) 744-4357 - View Map
Picking an car insurance agent shouldn't rely on just a cheap price. Below are some questions you should ask.
- How will an accident affect your rates?
- What is the financial rating for the quoted company?
- Are aftermarket or OEM parts used to repair vehicles?
- Do you qualify for any additional discounts?
- Are there any hidden costs in their price quote and does it include driving and credit history?
You can find cheaper coverage
Budget-friendly car insurance in Fort Wayne can be bought online as well as from insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. There are still a few companies who may not offer online price quotes and these small, regional companies provide coverage only through independent agents.
You just learned quite a bit of information on how to find lower-cost Chevy Avalanche insurance in Fort Wayne. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost Fort Wayne car insurance quotes. Consumers could even find that the most savings is with some of the lesser-known companies. These companies can often provide lower auto insurance rates in certain areas compared to the large companies like Progressive or GEICO.
When shopping online for car insurance, make sure you don't buy poor coverage just to save money. There have been many cases where someone sacrificed uninsured motorist or liability limits only to discover later that their decision to reduce coverage ended up costing them more. The goal is to buy enough coverage at a price you can afford while not skimping on critical coverages.
Additional information is located at the links below
- Frontal Crash Tests (iihs.org)
- Who Has the Cheapest Indiana Auto Insurance Quotes After a Speeding Ticket? (FAQ)
- What Car Insurance is Cheapest in Kokomo, Indiana? (FAQ)
- Who Has Cheap Auto Insurance for Homeowners in Indiana? (FAQ)
- What is the Cheapest Car Insurance in Lafayette, Indiana? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- Liability Insurance Coverage (Nationwide)
- Medical Payments Coverage (Liberty Mutual)