Having to pay for high-priced Chevrolet Trax insurance in Orlando can sap your savings account and force you to cut corners elsewhere. Performing a price comparison can be a smart way to cut your insurance bill.
It's shocking but nearly 70% of drivers kept buying from the same company for well over three years, and almost half have never compared car insurance rates at all. Most drivers in Orlando can cut their rates by as much as $1,126 a year, but they don't believe the rate savings if they just switched companies. There is such a variety of insurance companies to purchase coverage from, and though it is a good thing to be able to choose, more choices can make it harder to find the lowest cost provider for Chevy Trax insurance in Orlando.
Finding the cheapest auto insurance coverage in Orlando is not that difficult. If you have a policy now or are shopping for new coverage, take advantage of these tips to save money while maximizing coverage. Smart shoppers just need to use the most efficient way to shop from many companies at once.
Save a ton by taking advantage of discounts
The cost of insuring your cars can be expensive, but you might find some hidden discounts that may help make it more affordable. Most are applied at the time of purchase, but lesser-known reductions have to be inquired about before you will receive the discount.
- Defensive Driver Discounts - Taking time to complete a driver safety course could earn you a small percentage discount and easily pay for the cost of the class.
- Discounts for Multiple Vehicles - Buying a policy with primary and secondary vehicles on the same insurance policy may reduce the rate for each vehicle.
- Theft Deterrent System - Cars and trucks optioned with advanced anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your Orlando auto insurance quote.
- Distant Student Discount - Kids who attend college more than 100 miles from Orlando and won't have access to an insured vehicle could qualify for this discount.
- Seat Belts Save more than Lives - Using a seat belt and requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
- Pay Early and Save - If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid monthly service charges.
- Safe Driver Discount - Safe drivers can get discounts for up to 45% lower rates than drivers with accidents.
- Own a Home and Save - Just owning your own home may trigger a policy discount on insurance since home ownership requires personal responsibility.
- Accident Forgiveness - Not necessarily a discount, but some insurance companies permit an accident before your rates go up so long as you haven't had any claims prior to being involved in the accident.
A little disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only cut individual premiums such as liability and collision coverage. So when it seems like you would end up receiving a 100% discount, insurance companies wouldn't stay in business.
To choose providers with discount insurance rates in Orlando, click here to view.
All major auto insurance companies allow consumers to get pricing from their websites. The process is pretty easy because it's just a matter of typing in your coverage preferences as requested by the quote form. After you complete the form, their rating system makes automated requests for reports for credit and driving violations and returns a price determined by many factors. Being able to quote online for Chevy Trax insurance in Orlando simplifies rate comparisons, and it's also necessary to perform this step in order to find lower-cost rates.
To find out if lower rates are available, take a look at the companies shown below. To compare your current rates, we recommend you duplicate the insurance coverages as close as possible to your current policy. Doing this assures you're receiving rate comparison quotes for exact coverage.
The following companies offer free rate quotes in Orlando, FL. In order to find the best car insurance in Orlando, we suggest you get price quotes from several of them to get a more complete price comparison.
Smart Consumers Can Reduce Their Insurance Prices
Consumers need to have an understanding of the rating factors that are used to determine the rates you pay for insurance. When you know what positively or negatively influences your rates, this empowers consumers to make smart changes that can earn you cheaper rates.
Shown below are some of the most common factors used by insurance companies to determine your rate level.
Do safer cars cost less to insure? - Cars with five star safety ratings are cheaper to insure. Safe vehicles reduce occupant injuries and better occupant protection means less money paid by your insurance company and thus lower rates. If your Chevy Trax is rated at least four stars on Safercar.gov it may be receiving lower rates.
Gender impacts prices - Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn't mean men are WORSE drivers than women. Both sexes get in accidents in similar percentages, but the male of the species cause more damage and cost insurance companies more money. In addition to higher claims, males also have more aggressive citations such as DWI and reckless driving. Male teenagers are several times more likely to be in an accident and therefore pay the highest rates.
Big city or small town - Being located in a rural area has it's advantages when buying insurance. Fewer drivers corresponds to lower accident rates and a lower car theft rate. City drivers regularly have more aggressive driving styles and longer commutes to work. More time on the road means a statistically higher chance of an accident.
How many coverages with the same company - Lots of insurance companies give lower prices to people that buy multiple policies in the form of a multi-policy discount. Even if you already get this discount, drivers will still want to compare other Orlando Trax insurance rates to verify if the discount is saving money.
Policy add-ons can waste money - There are a ton of add-on coverages that you can get tricked into buying but may not be useful. Coverages for personal injury protection, towing coverage, and Farm Bureau memberships are some examples. They may seem good when buying your policy, but if they're wasting money eliminate them to save money.
Allowing your coverage to lapse raises insurance rates - Having a gap between insurance policy dates can be a sure-fire way to increase your insurance rates. Not only will rates go up, getting caught without coverage may result in fines or a revoked license.
Chevy Trax statistical loss data - Insurers analyze past claim statistics to calculate a rate that will offset any claims. Vehicles that the statistics show to have a higher amount or frequency of claims will be charged more to insure. The information below illustrates the historical loss data for Chevy Trax vehicles.
For each policy coverage, the claim amount for all vehicles, as a total average, is considered to be 100. Numbers under 100 indicate better than average losses, while values over 100 indicate frequent claims or an increased chance of a larger loss.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Trax 4dr 2WD||79|
|Chevrolet Trax 4dr 4WD||81|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Tailor your insurance coverage to you
When choosing coverage for your vehicles, there is no "best" method to buy coverage. Everyone's situation is a little different.
These are some specific questions may help you determine if you could use an agent's help.
- What are good deductibles for a Chevy Trax?
- Do I need special coverage while pulling a rented trailer?
- Where can I get insurance after a DUI in Florida?
- Am I covered if I drive in a foreign country?
- Which companies will insure high-risk drivers?
- Why am I required to get a high-risk car insurance policy?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Is extra glass coverage worth it?
- If I drive on a suspended license am I covered?
If you don't know the answers to these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form. It's fast, free and can provide invaluable advice.
Get rate quotes but buy from a neighborhood Orlando auto insurance agent
Some people just want to buy from a local agent and that can be a great decision Professional agents will help you protect your assets and help submit paperwork. One of the best bonuses of comparing insurance prices online is the fact that you can find better rates and still have an agent to talk to.
Once you complete this form (opens in new window), your coverage information is immediately sent to companies in Orlando who will gladly provide quotes for your insurance coverage. You won't even need to do any legwork since rate quotes are delivered instantly to you. If you need to get a price quote from a specific insurance company, you would need to go to their quote page and give them your coverage information.
Deciding on a company should depend on more than just the premium amount. These are some questions you should get answers to.
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Do they write coverage based solely on cost?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Are they able to influence company decisions when a claim is filed?
- If your car is in the repair shop, do you have coverage for a rental car?
- What companies can they write with?
- Are they able to provide referrals?
- Are all drivers listed on the coverage quote?
Here's why car insurance is not optional
Despite the high cost, maintaining insurance is required in Florida but also provides important benefits.
- Almost all states have mandatory insurance requirements which means you are required to carry a specific minimum amount of liability in order to get the vehicle licensed. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Chevy Trax has a lienholder, more than likely the lender will require you to have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Chevy at a much higher premium rate and force you to pay the higher price.
- Insurance protects your vehicle and your assets. Insurance will pay for medical expenses for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will cover the repair costs.
The benefits of insuring your Trax definitely exceed the cost, particularly if you ever have a claim. According to a 2015 survey, the average American driver overpays more than $700 annually so compare quotes from several companies every year to be sure current rates are still competitive.
Cover all your bases
The cheapest Chevy Trax insurance in Orlando can be bought both online as well as from insurance agents, and you need to price shop both to have the best chance of lowering rates. Some companies don't offer online quoting and usually these regional carriers sell through independent agencies.
Insureds leave their current company for a variety of reasons including not issuing a premium refund, an unsatisfactory settlement offer, delays in paying claims and even extreme rates for teen drivers. It doesn't matter why you want to switch switching auto insurance companies is not as difficult as it may seem.
As you prepare to switch companies, it's not a good idea to skimp on coverage in order to save money. There have been many cases where an insured dropped full coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at the best possible price but still have enough coverage for asset protection.
Steps to finding better rates for Chevy Trax insurance in Orlando
The recommended way to save money on Chevy Trax insurance in Orlando is to compare prices annually from insurers who sell auto insurance in Florida. You can compare prices by completing these steps.
- Try to comprehend coverages and the changes you can make to prevent expensive coverage. Many risk factors that are responsible for high rates such as getting speeding tickets and a negative credit rating can be controlled by improving your driving habits or financial responsibility.
- Compare prices from direct, independent, and exclusive agents. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes for a wide range of insurance providers.
- Compare the new quotes to your current policy premium to determine if you can save on Trax insurance in Orlando. If you can save some money, make sure coverage is continuous and does not lapse.
- Provide notification to your current agent or company of your intent to cancel the current policy and submit a down payment and signed policy application to the new company. Be sure to put the certificate verifying proof of insurance along with your vehicle registration.
A good tip to remember is that you'll want to compare similar limits and deductibles on each quote and and to analyze as many companies as you can. This guarantees the most accurate price comparison and a better comparison of the market.
- Smart Auto Insurance Tips (Insurance Information Institute)
- How Much is Car Insurance for Drivers with a Bad Driving Record in Orlando? (FAQ)
- Should I Buy a New or Used Car? (Allstate)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)