Chevy Aveo Insurance

(And how to get the lowest premiums.)

Written by Amanda Petersen
Written by Amanda Petersen

Amanda Petersen is both a writer and healthcare professional. She began freelance writing in 2019 and specializes in real estate, insurance, personal finance, and healthcare articles. She has studied Health Science at Brigham Young University - Idaho and continues to work in the medical field.

Updated
Chevrolet Aveo

The Chevrolet Aveo was introduced by Chevy in 2004 as its economical subcompact car. The Aveo’s low price point, easy access, and suitable trunk space make it an attractive option for consumers looking for an inexpensive purchase and low-cost car insurance. Fortunately, an independent insurance agent can help you with just that. 

As the owner of a Chevrolet Aveo, you need to protect yourself and your vehicle against losses that can occur from any number of accidents. Affordable auto insurance is an important part of your protection. 

What Kind of Insurance Do You Need for Your Chevrolet Aveo? 

There are several types of coverage you will want to consider for your car. Some are state-mandated, while others are optional. Even if specific types of coverage aren’t mandatory, it’s a good idea to carry a sufficient level of insurance as a safeguard for any situation. 

Most states mandate the following coverage: 

  • Bodily injury liability: This covers damage resulting from injury or death caused by you or another driver using your car.
  • Property damage liability: This provides reimbursement for damage to another person’s vehicle or property caused by you or another driver using your car. 

Many states require this coverage: 

  •  Medical payments/Personal injury protection: This reimburses you and your passengers for medical expenses and lost wages resulting from injuries sustained in an accident.
  • Uninsured motorist coverage: Unfortunately, many drivers out there don’t carry the right coverage, which could really be disastrous for you in an accident. Uninsured and underinsured motorist coverage protects you when another driver causes an accident but fails to carry adequate coverage. 

Optional coverage: 

  • Collision insurance: This provides reimbursement for vehicle damage caused by a collision with another vehicle or object when you are at fault. 
  • Comprehensive insurance: This covers theft, natural disasters, storms, and other mishaps, which are all possibilities. This coverage protects you against these types of losses. 
  • Glass coverage: Getting a large crack or chip in your windshield is always a bummer. Glass coverage typically has very low premiums and often you can find a no-deductible option. 
  • Gap insurance: If you owe more on your vehicle than it’s worth, getting gap coverage is a smart idea. This pays you the difference between what the car is worth and what you owe in the case of a total loss. 

What Affects the Cost of Insurance for Your Chevrolet Aveo?

The more miles you drive, the greater chance you have of an auto claim. Insurers take into consideration your annual mileage when determining the cost of your premiums. 

If you have accidents or traffic violations on your record, your premiums will be higher than average until they fall off. 

The value of your Chevrolet Aveo will influence the cost of your auto insurance policy. A lower-priced vehicle is cheaper to replace and repair than a higher-priced vehicle.


Average Cost of a Chevrolet Aveo

Average cost of a Chevrolet Aveo
2004 $2,675
2005 $2,675 - $2,725
2006 $2,675 - $2,825
2007 $2,700 - $2,925
2008 $2,800 - $3,075
2009 $2,875 - $3,575
2010 $3,000 - $3,700
2011 $3,350 - $3,975

The Safety of Your Chevrolet Aveo

Insurers evaluate the safety ratings of your vehicle when determining the price of your insurance premiums. After all, safer vehicles mean fewer filed claims. The Insurance Institute for Highway Safety rated the Aveo overall anywhere from marginal to average in four crash categories.

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How Location Affects Your Chevrolet Aveo 

You may not know this, but where you live affects your insurance rates. Living in a bigger city means a higher chance of incidents like theft and accidents. Living in a rural area decreases those risks. 

Additional factors: 

  • Safety features like anti-theft devices
  • Age
  • Gender
  • Deductible
  • Credit

Average Cost to Insure a Chevrolet Aveo

The total cost of your car insurance premiums can vary depending on whether you opt for just liability vs. full coverage. Teens and high-risk drivers can also expect to pay up to several thousand more per year. 

With all these considerations, the average annual cost to insure a Chevrolet Aveo is around $1,192 for full coverage. 

Top 5 most expensive states for Chevrolet Aveo insurance: 
Michigan $2,070
Louisiana $1,764
Kentucky $1,626
Rhode Island $1,592
Florida $1,490
Top 5 most affordable states for Chevrolet Aveo insurance: 
North Carolina $686
Virginia $714
Maine $736
Iowa $802
Idaho $808

Top Companies that Insure the Chevrolet Aveo

Not all insurance companies are alike. You want a company that's reliable, responsive, and trustworthy. The U.S. Independent Insurance Agent Satisfaction Study by J.D. Power gave the following companies high marks: 

  1. Progressive
  2. Safeco
  3. Travelers

Get a Chevrolet Aveo Car Insurance Quote 

Reach out to an independent agent today to get a quote for insurance on your Chevrolet Aveo. An independent insurance agent has the ability to shop dozens of insurance companies, ultimately providing you with the most affordable and comprehensive auto insurance.

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IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power