If you want to find the absolute lowest rates, then the best way to get discount Chevy Sonic insurance is to do a yearly price comparison from insurers who sell auto insurance in Madison.
- Read about what coverages are included in your policy and the modifications you can make to keep rates low. Many things that drive up the price such as your driving record and a low credit rating can be eliminated by improving your driving habits or financial responsibility.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive or Farmers Insurance, while independent agents can quote prices for many different companies.
- Compare the new rate quotes to the price on your current policy and determine if there is any savings. If you find a better price, make sure there is no lapse in coverage.
One tip to remember is that you’ll want to compare the same amount of coverage on each quote and and to get rate quotes from every company you can. This helps ensure a fair price comparison and a thorough selection of prices.
Regrettably, most insurance buyers kept buying from the same company for over three years, and practically 40% of insurance customers have never compared rates with other companies. Madison consumers could cut their rates by $373 a year by just comparing quotes, but they feel it’s too difficult to go online and compare rates.
If you are already insured or need new coverage, you can use this information to get lower rates without reducing coverage. Finding the cheapest auto insurance coverage in Madison can be easy if you know a few tricks. Vehicle owners just need to understand the quickest way to find the lowest price over the internet.
Low Cost companies for Chevy Sonic insurance
The following companies can provide comparison quotes in Wisconsin. If your goal is to find the best cheap car insurance in Madison, we recommend you visit as many as you can to get the most competitive price.
You Can Change Your Insurance Prices
A large part of saving on insurance is knowing some of the things that play a part in calculating the rates you pay for insurance. If you have a feel for what influences your rates, this allows you to make good choices that may result in lower insurance prices. Many factors are considered when you get a price on insurance. Some of the criteria are obvious such as your driving history, but some are not as apparent like where you live or how financially stable you are.
Shown below are some of the most common factors used by insurance companies to determine your prices.
Discounts for alarms and GPS tracking – Choosing a vehicle that has an advanced theft prevention system can get you a discount on your insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your vehicle from being stolen.
Where you call home – Residing in a rural area has it’s advantages when buying insurance. Drivers who live in large cities have to deal with much more traffic and much longer commute distances. Fewer drivers means reduced accidents as well as less vandalism and auto theft.
High credit scores save money – Credit history is a big factor in determining your rates. If your credit score can use some improvement, you may save money insuring your Chevrolet Sonic by taking the time to improve your credit score. People that have very good credit scores tend to file fewer claims than drivers with poor credit scores.
Are men or women drivers cheaper? – Statistics have proven that females tend to be a little less risky than males. However, don’t assume that males are worse at driving than females. Women and men are responsible for accidents in similar numbers, but guys get into accidents with more damage. Not only are claims higher, but men receive more costly citations like reckless driving and DUI.
Small coverages can add up – There are a lot of extra add-on coverages that can waste your money if you aren’t careful. Coverage for things like replacement cost coverage, towing coverage, and Farm Bureau memberships are probably not needed. These coverages may sound good when you first buy your policy, but now you might not need them so consider taking them off your policy.
Safer vehicles mean better rates – Safer cars tend to have better insurance rates. Highly rated vehicles protect occupants better and better occupant protection means less money paid by your insurance company and thus lower rates.
Save money with higher physical damage deductibles – Comp and collision deductibles are the amount of money you are willing to pay out-of-pocket if a claim is determined to be covered. Insurance for physical damage, also known as collision and other-than-collision, protects your car from damage. Some examples of claims that would be covered could be colliding with a stationary object, animal collisions, and damage caused by road hazards. The more damage repair cost you have to pay, the lower your rates will be.
Loss statistics for a Chevy Sonic – Insurers analyze the history of losses to calculate a rate that will offset any claims. Models that statistically have increased claim numbers or amounts will have a higher premium rate.
The table below shows the historical loss data for Chevy Sonic vehicles. For each policy coverage, the claim probability for all vehicles as a whole equals 100. Values that are below 100 indicate better than average losses, while values over 100 point to more claims or an increased probability of a larger loss.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Do you qualify for discounts?
Companies offering auto insurance don’t always advertise their entire list of discounts in a way that’s easy to find, so we researched both the well known in addition to some of the lesser obvious ways to save on car insurance.
- Federal Government Employee – Federal government employees could provide a small rate reduction with a few car insurance companies.
- Lower Rates for Military – Being deployed with a military unit could mean lower premium rates.
- Early Renewal Discounts – Some insurance companies provide a discount for switching companies before your current coverage expires. It can save you around 10%.
- Accident-Free Discounts – Insureds who avoid accidents and claims pay less in comparison to accident-prone drivers.
- Discount for Low Mileage – Driving less could qualify for slightly better rates than normal.
- Responsible Driver Discount – Accident-free drivers may receive a discount up to 45% than less cautious drivers.
- Good Student – Performing well in school can get you a discount of up to 25%. This discount can apply up to age 25.
- Madison Homeowners Discount – Owning your own home or condo can save a few bucks because it requires a higher level of personal finance.
- Discount for Life Insurance – Select companies reward you with a discount if you purchase a life insurance policy as well.
Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, it’s just not the way it works. Any qualifying discounts should help reduce your policy cost.
A few popular companies and a summarized list of policyholder discounts are shown below.
- GEICO discounts include emergency military deployment, daytime running lights, five-year accident-free, federal employee, and defensive driver.
- Auto-Owners Insurance may include discounts for group or association, multi-policy, company car, safe driver, and teen driver.
- American Family includes discounts for TimeAway discount, good driver, accident-free, Steer into Savings, bundled insurance, good student, and early bird.
- Esurance offers discounts for Switch & Save, multi-policy, renters, online quote, claim free, and safety device.
- Progressive offers discounts including homeowner, multi-vehicle, online signing, multi-policy, good student, online quote discount, and continuous coverage.
- State Farm offers premium reductions for Steer Clear safe driver discount, accident-free, safe vehicle, anti-theft, and defensive driving training.
- AAA has savings for multi-car, AAA membership discount, good student, anti-theft, pay-in-full, education and occupation, and multi-policy.
When comparing rates, check with each company which discounts they offer. Some discounts might not apply in your state. To choose companies who offer free Chevy Sonic insurance quotes in Wisconsin, follow this link.
Local neighborhood agents and car insurance
Many people just want to get advice from a local agent and that is just fine! Experienced insurance agents can make sure you are properly covered and will help you if you have claims. One of the benefits of comparing rate quotes online is the fact that you can find the best rates and still choose a local agent. Putting coverage with local agencies is especially important in Madison.
To help locate an agent, after submitting this short form, the coverage information is immediately sent to participating agents in Madison who want to provide quotes for your insurance coverage. It makes it easy because there is no need to search for an agent because prices are sent instantly to you. If you need to compare prices from one company in particular, you would need to visit that company’s website and give them your coverage information.
Two types of auto insurance agents
When narrowing the list to find a local Madison insurance agent, you need to know there are two different types of agencies from which to choose. Car insurance agencies are classified as either exclusive or independent (non-exclusive). Either one can properly insure your vehicles, but it’s important to point out how they differ because it may have an impact on which agent you choose.
Independent Car Insurance Agencies or Brokers
These type of agents are normally appointed by many insurers and that is an advantage because they can write policies through lots of different companies and possibly get better coverage at lower prices. If they find a lower price, your agent can just switch to a different company without you having to go to a different agency. When comparing car insurance rates, you will definitely want to compare quotes from independent agents to have the best price comparison.
Listed below is a short list of independent agents in Madison that may be able to give free price quotes.
Exclusive Car Insurance Agents
Exclusive insurance agents normally can only provide a single company’s rates such as Allstate, Farmers Insurance, State Farm, and AAA. They usually cannot provide other company’s prices so you need to shop around if the rates are high. They are usually quite knowledgeable in insurance sales which aids in selling service over price.
Listed below are Madison exclusive insurance agents who can help you get price quote information.
American Family Insurance – D Webster-Scher Agency Inc.
637 E Washington Ave – Madison, WI 53703 – (608) 249-3111 – View Map
Deciding on an insurance agent needs to be determined by more than just the price. Below are some questions you should ask.
- How long have they worked with personal auto insurance coverage?
- Will the agent or a CSR service your policy?
- Does their agency support local causes in Madison?
- Are they primarily personal or commercial lines agents in Madison?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Does the company have a solid financial rating?
- Is the agent properly licensed in Wisconsin?
- Are they able to influence company decisions when a claim is filed?
Do I need special coverages?
Always remember that when buying coverage online or from an agent, there really is no one-size-fits-all type of policy. Coverage needs to be tailored to your specific needs and your car insurance should be unique as well.
Here are some questions about coverages that can aid in determining if your insurance needs will benefit from professional help.
- Am I covered if I hit my neighbor’s mailbox?
- Does my insurance cover damage caused when ticketed for reckless driving?
- Does my policy cover me when driving someone else’s vehicle?
- Will I be non-renewed for getting a DUI or other conviction?
- What is an umbrella policy?
- Can I rate high risk drivers on liability-only vehicles?
- Are there companies who specialize in insuring high-risk drivers?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.
You can lower your auto insurance rates
When trying to cut insurance costs, make sure you don’t buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed uninsured motorist or liability limits and discovered at claim time that the few dollars in savings costed them thousands. Your goal should be to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.
We just covered a lot of tips how to lower your Chevy Sonic insurance car insurance rates in Madison. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding cheaper Madison auto insurance quotes. You may even be surprised to find that the lowest car insurance rates are with an unexpected company. Smaller companies may often insure only within specific states and give better rates than their larger competitors like Allstate, GEICO and Progressive.
More learning opportunities
- What is Covered by GAP Insurance? (Allstate)
- Who Has Cheap Madison Auto Insurance Rates for a 20 Year Old Female? (FAQ)
- What Auto Insurance is Cheapest for First-time Drivers in Madison? (FAQ)
- Who Has Cheap Car Insurance for College Graduates in Madison? (FAQ)
- Think You’re a Safe Driver? (State Farm)
- Vehicle Insurance in the U.S. (Wikipedia)
- Event Data Recorders FAQ (iihs.org)