Trying to come up with a payment for pricey auto insurance can eat up your funds and make it impossible to make ends meet. Comparing price quotes is a great way to lower your monthly bill.
It’s an obvious assumption that car insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around at least once a year will, in all likelihood, buy a new policy because there is a good chance of finding a lower rate. A study showed that consumers who shopped around annually saved over $850 each year compared to people who never shopped around.
If finding budget-friendly Chevy Captiva Sport insurance in Virginia Beach is your ultimate target, then understanding how to find companies and compare insurance rates can save money and time.
You have so many auto insurance companies to insure vehicles with, and though it is a good thing to have multiple companies, lots of choices makes it harder to compare rates and cut insurance costs.
Locating the best rates in Virginia Beach is actually very simple if you learn how to start. In essence, everyone who comparison shops for auto insurance will find a lower price. Although Virginia drivers do need to understand how insurance companies price insurance differently because it can help you find the best coverage.
What Affects Chevy Captiva Sport Insurance Costs?
Many things are part of the equation when premium rates are determined. Some are obvious such as traffic violations, although others are not quite as obvious like your vehicle usage and annual miles driven.
Traffic violations hurt – Getting just one driving citation may cause rates to rise by as much as thirty percent. Attentive drivers pay lower auto insurance prices as compared to those with violations. Drivers unfortunate enough to have severe tickets like DUI or reckless driving may find they need to prove financial responsibility to the state department of motor vehicles in order to legally drive.
Married drivers get better rates – Your spouse can get you a discount on auto insurance. Having a spouse generally demonstrates drivers are less irresponsible and insurance companies reward insureds because married drivers tend to file fewer claims.
Alarms and GPS tracking lower prices – Owning a car with a theft deterrent system can help lower your premiums. Theft prevention devices like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems can thwart auto theft and help lower rates.
Drive less and get lower costs – The higher the mileage driven in a year the higher your rates will be. The majority of insurers apply a rate based on how the vehicle is used. Cars that are left in the garage get more affordable rates than those that get driven frequently. An incorrectly rated Captiva Sport can result in significantly higher rates. It’s a smart idea to ensure your auto insurance policy reflects how each vehicle is driven, because it can save money.
Protect yourself with liability insurance – A critical coverage on your policy, liability insurance is the protection if a jury decides you are liable for damages from an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so buy as much as you can afford.
Do you really need roadside assistance? – There are many extra add-on coverages that can add up but may not be useful. Coverage for things like coverage for rental cars, high-cost glass coverage, and extra equipment coverage are probably not needed. They may seem like a good idea when talking to your agent, but if you’ve never needed them in the past consider taking them off your policy.
Lower rates with a multi-policy discount – Some auto insurance companies apply lower prices to buyers who have multiple policies with them such as combining an auto and homeowners policy. If you currently are using one company, it’s still a good idea to compare other Virginia Beach Captiva Sport insurance rates to verify if the discount is saving money.
Chevy Captiva Sport claim data – Insurers include the past claim history for a vehicle as a tool for profitable underwriting. Models that tend to have higher claim frequency or loss amount will cost more for specific coverages. The table below outlines the compiled insurance loss statistics for Chevy Captiva Sport vehicles.
For each policy coverage, the claim amount for all vehicles, without regard to make or model, is set at 100. Numbers under 100 imply a favorable loss record, while percentage values above 100 indicate frequent claims or an increased chance of larger losses than average.
| Specific Chevrolet Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Chevrolet Captiva Sport 4dr 2WD | 89 | 95 | 88 | 123 | 115 | 105 |
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get cheaper Chevy Captiva Sport insurance rates in Virginia Beach
Companies that sell car insurance do not advertise all discounts very well, so we took the time to find both well-publicized in addition to some of the lesser obvious credits available to you.
- Air Bags and Passive Restraints – Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
- Discount for Life Insurance – Some insurance companies give lower rates if you buy some life insurance too.
- Defensive Driver Discount – Participating in a driver safety class can save you 5% or more depending on where you live.
- No Claims – Virginia Beach drivers who stay claim-free have much lower rates as compared to policyholders that have many claims.
- Paperless Signup – Some larger companies will give you a small discount for buying your policy on the internet.
- Distant Student Discount – Any of your kids who live away from home to go to college and leave their car at home may be insured at a cheaper rate.
A quick disclaimer, some of the credits will not apply to the overall cost of the policy. Some only reduce individual premiums such as comp or med pay. Despite the fact that it seems like all the discounts add up to a free policy, it just doesn’t work that way.
If you would like to choose from a list of companies with discount insurance rates in Virginia Beach, follow this link.
Persistence pays off
Some car insurance companies do not provide the ability to get quotes online and most of the time these small insurance companies provide coverage only through independent insurance agents. Discount Chevy Captiva Sport insurance is available online in addition to many Virginia Beach insurance agents, and you should compare rates from both in order to have the best price selection to choose from.
When searching for inexpensive Virginia Beach car insurance quotes, you should never buy less coverage just to save a little money. There have been many cases where an accident victim reduced full coverage only to regret that the few dollars in savings costed them thousands. The proper strategy is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.
How to find affordable quotes for Chevy Captiva Sport insurance in Virginia Beach
The recommended way to get the cheapest auto insurance rates in Virginia Beach is to annually compare prices from providers that sell auto insurance in Virginia. Price quotes can be compared by following these steps.
First, try to understand what coverages are included in your policy and the changes you can make to prevent high rates. Many risk factors that drive up the price like traffic tickets, fender benders, and an imperfect credit rating can be rectified by improving your driving habits or financial responsibility.
Second, get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can quote rates for a wide range of companies.
Third, compare the new rate quotes to the premium of your current policy to see if switching to a new carrier will save money. If you can save some money and switch companies, ensure there is no coverage lapse between policies.
Fourth, provide proper notification to your current company of your decision to cancel your existing policy. Submit payment and a completed application to your new carrier. Once the application is submitted, keep the new certificate of insurance in a readily accessible location in your vehicle.
A good tip to remember is to make sure you enter the same level of coverage on each quote request and and to compare as many car insurance companies as possible. This enables a level playing field and a thorough selection of prices.
Additional information
- Auto Theft Statistics (Insurance Information Institute)
- Who Has the Cheapest Virginia Beach Auto Insurance for Veterans? (FAQ)
- Who Has Affordable Virginia Beach Auto Insurance for Single Moms? (FAQ)
- What Insurance is Cheapest for a Ford Focus in Virginia Beach? (FAQ)
- Who Has Affordable Auto Insurance for a 20 Year Old Male in Virginia Beach? (FAQ)
- Teen Driver Licensing Information (iihs.org)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- How to Avoid Common Accidents (State Farm)
- Can I Drive Legally without Insurance? (Insurance Information Institute)