Are you irritated from wondering where the money will come from to buy auto insurance? You have the same problem as the majority of other vehicle owners in Massachusetts.
Unimaginable but true, 70% of consumers have remained with the same auto insurance company for well over three years, and just short of a majority have never compared rate quotes at all. Boston insurance shoppers could save nearly 45% a year just by getting comparison quotes, but they won’t spend time to compare rate quotes online.
Numerous insurers battle for your hard-earned dollar, so it can be very hard to choose a insurance company and get the definite lowest rate on Chevy Trax insurance in Boston.
If you are already insured, you should be able to buy cheaper auto insurance using this information. Locating the most cost-effective auto insurance policy in Boston is quite easy. But Massachusetts consumers do need to know the way companies calculate their prices because it can help you find the best coverage.
How Insurance Providers Determine Chevy Trax Insurance Costs
Consumers need to have an understanding of some of the things that come into play when calculating the level of your policy premiums. If you know what determines premiums, this enables informed choices that can earn you lower rates. Lots of factors are used when quoting car insurance. Some of the criteria are obvious like a motor vehicle report, although some other factors are more obscure like your continuous coverage and annual miles driven.
Save by driving vehicles with better crash test results – Safer cars tend to have lower insurance rates. Vehicles built for safety reduce injuries and fewer injuries translates into savings for insurance companies which can mean better rates for you. If your Chevy earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
Multiple policies with one company can save – The majority of auto insurance companies allow lower prices to people that purchase more than one policy. It’s known as a multi-policy discount. Discounts can amount to as much as ten percent or more Even with this discount applied, drivers will still want to compare other company rates to help guarantee you have the best rates. You may still be able to find better rates by splitting coverages up.
Get hitched and get better rates – Having a wife or husband may save some money when shopping for auto insurance. Having a significant other usually means you are more stable financially and statistics show being married results in fewer claims.
Costs can change based on your address – Choosing to live in less populated areas of the country can be a good thing when buying auto insurance. Less people corresponds to lower accident rates. City drivers regularly have more auto accidents and more severe claims. Longer commute distances means a statistically higher chance of an accident.
Extra policy coverages are wasting money – Insurance policies have a lot of extra coverages that sound like a good idea at the time when buying auto insurance. Coverage for things like replacement cost coverage, accident forgiveness, and extra life insurance coverage could be just wasting money. The coverages may be enticing when talking to your agent, but if you have no use for them eliminate the coverages to reduce your premium.
Chevy Trax claim data – Insurers factor in insurance loss information when they set coverage costs for each model. Models that tend to have a trend towards higher claims will cost more to insure. The next table shows the historical loss data for Chevy Trax vehicles.
For each policy coverage type, the claim amount for all vehicles combined as an average is a value of 100. Values under 100 represent a good loss history, while values that are above 100 point to more frequent losses or statistically larger claims.
|Vehicle 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
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance discounts are available to lower rates
Some insurance providers don’t always publicize every policy discount in a way that’s easy to find, so below is a list both the well known as well as the least known credits available to you.
- Payment Discounts – If paying your policy premium upfront rather than paying in monthly installments you could save up to 5%.
- Theft Prevention Discount – Vehicles that have factory anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
- Discount for Passive Restraints – Cars that have air bags or motorized seat belts can get savings of 20 to 30 percent.
- Good Student – Maintaining excellent grades can be rewarded with saving of up to 25%. The discount lasts up to age 25.
- Discounts for New Vehicles – Insuring a vehicle that is new is cheaper due to better safety requirements for new model year vehicles.
Drivers should understand that most of the big mark downs will not be given to the whole policy. A few only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, you’re out of luck.
Larger car insurance companies and the discounts they provide are detailed below.
- Farmers Insurance has discounts for distant student, business and professional, switch companies, electronic funds transfer, and alternative fuel.
- State Farm has savings for accident-free, multiple autos, good driver, defensive driving training, Steer Clear safe driver discount, and passive restraint.
- Liberty Mutual may include discounts for good student, new vehicle discount, new move discount, hybrid vehicle, preferred payment discount, and multi-car.
- MetLife offers premium reductions for defensive driver, accident-free, multi-policy, claim-free, and good driver.
- Progressive may offer discounts for online signing, continuous coverage, multi-policy, good student, and multi-vehicle.
When getting a coverage quote, ask every company how many discounts you can get. A few discounts may not be offered in Boston. To choose companies with discount car insurance rates in Massachusetts, click here.
Quote more to save more
As you go through the steps to switch your coverage, you should never sacrifice coverage to reduce premiums. There have been many situations where someone sacrificed uninsured motorist or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible at the best cost, but do not skimp to save money.
We just covered many ideas to lower your Chevy Trax insurance auto insurance rates in Boston. The key concept to understand is the more rate quotes you have, the better likelihood of getting inexpensive Boston auto insurance quotes. You may even be surprised to find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. Smaller companies can often provide lower premium rates in certain areas compared to the large companies like Progressive and GEICO.
How to buy low-cost Chevy Trax insurance in Boston
If you want to save money, the best way to find discount Chevy Trax insurance is to regularly compare prices from providers who provide auto insurance in Boston.
Step 1: Spend some time learning about policy coverages and the factors you can control to lower rates. Many rating criteria that result in higher rates such as high-risk driving behaviors and a poor credit score can be controlled by making minor changes to your lifestyle.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can provide rates from a single company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple companies. View companies
Step 3: Compare the price quotes to your current policy premium and see if you can save money. If you find a lower rate and buy the policy, make sure coverage does not lapse between policies.
Step 4: Notify your current company of your intention to cancel your current policy. Submit any necessary down payment along with the completed application for the new coverage. As soon as you can, place the new certificate verifying proof of insurance in an easily accessible location in your vehicle.
One thing to remember is that you use similar deductibles and liability limits on each price quote and and to get prices from as many companies as you can. This helps ensure the most accurate price comparison and the best price selection.
To learn more, feel free to visit the resources below:
- Event Data Recorders FAQ (iihs.org)
- What Insurance is Cheapest for Welfare Recipients in Boston? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- Child Safety FAQ (iihs.org)
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Medical Payments Coverage (Liberty Mutual)