Chevrolet Aveo Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Chevrolet Aveo is more affordable to insure than the average car.

• Liability insurance for an Aveo comes in at about $80 monthly, while full coverage usually runs around $155 per month.

• The lowest car insurance company for an Aveo is Hugo, who offers liability only coverage for as little as $34 monthly, on average.

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Aveo Overview

The Chevrolet Aveo is a great car for all budgets, with a base price of just $11,965 for 2011 models. There are two different trim levels currently available, so there's an option for every driver.

We sifted through thousands of insurance quotes on Compare.com, and we've found that Chevrolet Aveo auto insurance premiums are about $121 a month, on average. How do car insurance rates for the Aveo compare to prices of other similar cars?

How Much is Car Insurance for a Chevrolet Aveo?

Looking at the table above, you'll find that compared to other vehicles on the road, Chevrolet Aveo insurance rates are around average. Aveo owners can expect to pay about $80 per month for liability insurance, and around $155 monthly for full coverage, which has comprehensive and collision coverages in addition to liability (check out our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).

Compared to other Chevrolet models, the Aveo is slightly cheaper, with premiums more than 5% lower than the rest of the company's vehicle lineup. Similarly, compared to other vehicles of a similar body style, Aveo coverage is cheaper than average, with both liability only and full coverage insurance averaging less expensive prices than other cars.

When compared to all vehicles of any body type, auto insurance premiums for both liability only and full coverage policies run more affordable than average.

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Who has the Cheapest Car Insurance for a Chevrolet Aveo?

If you're searching for a car insurance policy for a Chevrolet Aveo, you most likely want to know which carrier offers the lowest rates. Although costs will normally be pretty different from between drivers, ACG offers the cheapest average rates for liability only coverage, with rates sometimes as cheap as $20 per month. With car insurance sometimes as low as $34 a month, Hugo is the next most affordable insurance company.

Ohio Mutual, CaliforniaCasualty, and Aspire finish off the rest of the top 5. That being said, just because these five carriers offer the lowest average rates doesn't necessarily mean they'll be the cheapest companies for you and your unique insurance profile.

Auto insurance carriers use a bunch of factors and complex formulas to calculate premiums. There's only one way to make sure you find the cheapest possible rates, and that's by pulling quotes from numerous auto insurance companies.

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What Factors Affect Car Insurance Rates for a Chevrolet Aveo?

As we mentioned above, there are a whole range of things that car insurance carriers consider to choose how much they charge you for a policy -- and each carrier weighs different attributes more heavily than others, so there's not one company that's the most affordable for everyone.

Below are just a few of the variables insurance companies look at and how each one affects your final rate:

Vehicle Age

The Chevrolet Aveo has been around for a while -- that means vehicle age will likely make a big difference in what you end up paying for car insurance. Normally, older cars will be cheaper to insure because they're worth less than newer models, and as cars get older, insurance costs will gradually get lower.

Since a new model has not been added to the market for at least 5 years, the Aveo won't really fit this trend. However, as you can see in the table above, the cheapest Chevrolet Aveos to insure are those that are 2 to 3 years old, while the most expensive models are Aveos that are 8 to 10 and 11 to 14 years old, on average.

Your Age

Your age is another factor that makes a difference in how much you pay for insurance. As you can see above, drivers under 18 pay more compared to those who have more experience. In this case, drivers under 18 pay more than twice as much as those 25 or older.

Insurance prices continue to go down as you get older, with the cheapest age group being 55-64 for Aveo drivers.

Your Gender

Did you know women typically pay less for auto insurance than men? This is because women are less likely to get tickets and get into collisions, which lowers the chances of an insurance claim. The Chevrolet Aveo follows this convention, and women pay about $78 monthly for insurance and men pay around $84.

Where You Live

You may already know that things like what vehicle you drive and how old you are play a role in your auto insurance prices, but you may not realize that where you live can matter just as much. Because car insurance is regulated on a state-by-state basis, rates fluctuate quite a bit from state to state.

For example, the average Chevrolet Aveo driver in New York pays about $210 per month for liability coverage, while on average, the same owner in California will pay less than half of that price. The table above shows average prices for the top 10 most populous states, just to give you a good idea of how much rates can change between states.

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Chevrolet Aveo Car Insurance Discounts

Whatever your car, your age, or your home state, using as many discounts as possible when it comes to your auto insurance is always important when shopping around for a new policy.

While no two insurance carriers offer the same exact discounts, there are a few that you'll find with most insurers. These include things like:

• Multi-policy discounts for using the same insurance carrier for both your home and auto insurance
• Vehicle safety discounts for having a vehicle with certain safety features (like anti-lock brakes or air bags) or one with higher than average safety ratings
• Pay-in-full discounts for agreeing to pay your entire policy premium up front, rather than by monthly payments
• Multi-vehicle discounts for having more than one car on your auto policy

However, discounts aren't the only way to save. Often, it's actually having a favorable driving record and insurance history that get you the best rates.

While you can't control every variable car insurance companies take into account to calculate premiums (like some of the ones mentioned above), there are quite a few you can control. Below are just a few of the factors you can use to your favor in order to save money on insurance:

Your Driving Record

You've most likely observed ads from auto insurance carriers offering hefty savings for safe drivers. It shouldn't come as a surprise that your car insurance rates will go up if you get into an accident or get a speeding ticket. But exactly how much can it cost you for these infractions?

Based on the table above, accidents will usually cost Aveo drivers more than tickets, but both will cause a significant increase in rates. Chevrolet Aveo drivers with a single ticket will pay an average of $80 a month, while drivers with one accident on their record pay about $108 every month (up $28 from the $80/mo. overall average). Those who have multiple kinds of either violation will end up paying even more.

How Much You Drive

The total distance you drive annually affects your insurance prices. Drivers who are on the roads less often are less likely to get into accidents, so they'll generally get lower premiums. In the above table, you can see that Chevrolet Aveo owners who drive fewer than 2,500 miles each year pay about $66 per month for car insurance, while those who put 10,000 miles or more on their cars pay $88.

But if you don't drive much because you work from home or have a second vehicle, it may be worth reviewing pay-per-mile or usage-based auto insurance. With these kinds of plans, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

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How Do Chevrolet Aveos Compare to Other Vehicles?

If you're thinking about purchasing a new car and a Chevrolet Aveo is on your shortlist, it can pay off to do your due diligence. Car insurance is just one cost that's associated with a new car purchase, but it's definitely one that's worth thinking about carefully.

Review the table below to see how the Chevrolet Aveo stacks up:

Overall, the Chevrolet Aveo is a fantastic value when it comes to price, with an MSRP that's less than half of the going rate for a new vehicle. The Aveo retails at $11,965, which is quite a bit lower than the national average vehicle MSRP of $35,020. And since it's been awhile since a new Aveo model has been on the market, used prices will be even less expensive.

Although the Aveo's price is on the low end of the spectrum, insurance prices run slightly above average when compared to the rest of the vehicle market. Liability insurance for a Chevrolet Aveo is around $11 per month more than average, while full coverage is $1 more monthly.

When it comes to usage, Chevrolet Aveo drivers are near the national average in annual miles driven, with 10,720 miles a year compared to 11,660 for all vehicles.

Chevrolet Aveo Car Insurance Costs by Model Year

You've seen how different variables can affect how much the average driver pays for car insurance. If you're considering buying a new Aveo, knowing what you'll likely pay for the specific car you're looking at can be helpful as you consider your choices.

For this reason, we've done the heavy lifting and analyzed Chevrolet Aveo auto insurance rates by model year. Find the model year you want in the dropdown to see average rates for both full coverage and liability only options, as well as some other helpful info, such as base price, cheapest insurance company, and even available trims for each Aveo model year.

Choose Your Model

2011 Chevrolet Aveo Car Insurance 2010 Chevrolet Aveo Car Insurance 2009 Chevrolet Aveo Car Insurance 2008 Chevrolet Aveo Car Insurance 2007 Chevrolet Aveo Car Insurance 2006 Chevrolet Aveo Car Insurance 2005 Chevrolet Aveo Car Insurance 2004 Chevrolet Aveo Car Insurance

2011 Chevrolet Aveo Car Insurance

On average, drivers who own a 2011 Chevrolet Aveo can expect to pay $92 to $170 a month for liability only and full coverage car insurance, respectively.

With premiums as low as $22 per month, Dairyland offered the lowest policy we found.

If you want to know exactly how much you can expect to pay for your Aveo, get free quotes in minutes by just entering your ZIP code below.

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2010 Chevrolet Aveo Car Insurance

You can expect full coverage for a 2010 Aveo to run about $159 a month, while liability only coverage will average around $79 monthly.

If you're looking for the most affordable 2010 Chevrolet Aveo insurance policy, Gainsco offered the most affordable policy we found, with rates as cheap as just $19 per month.

If you're looking for a more exact figure on what you should pay for insurance for a 2010 Chevrolet Aveo, you can get free quotes in minutes by just entering your ZIP code below.

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2009 Chevrolet Aveo Car Insurance

2009 Chevrolet Aveo drivers can expect to pay an average of $83 monthly for liability or $143 for full coverage.

Gainsco has prices as cheap as $19 a month for the 2009 Chevrolet Aveo.

What could your auto insurance price look like? Just enter your ZIP code below to get lots of customized quotes for free.

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2008 Chevrolet Aveo Car Insurance

The average cost to insure a 2008 Aveo with liability only coverage is $78 per month, while full coverage runs about $158 a month.

We found Gainsco offered the lowest policy, with rates sometimes as little as $17 monthly.

These average premiums are a great starting point if you're in the market for a 2008 Chevrolet Aveo, but there are a wide array of factors that go into calculating your policy rates. If you want to figure out exactly what you'll be asked to pay, get customized quotes by entering your ZIP below.

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2007 Chevrolet Aveo Car Insurance

It costs around $81 a month for liability or $146 for a full coverage policy for the 2007 Chevrolet Aveo.

Looking for the cheapest policy? Commonwealth Casualty offered liability only coverage for as little as just $17 per month.

If you want to know exactly how much you can expect to pay for your Aveo, just enter your ZIP code below and get free quotes in minutes.

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2006 Chevrolet Aveo Car Insurance

2006 Aveo drivers can expect to pay an average of $81 monthly for liability or $138 for full coverage.

With rates as low as just $20 per month, ACG offered the lowest policy we found for the 2006 Chevrolet Aveo.

Interested in what your car insurance rate will be? Just enter your ZIP code below to get several free customized quotes.

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2005 Chevrolet Aveo Car Insurance

The average cost to insure a 2005 Chevrolet Aveo with liability only coverage is $74 monthly, while full coverage runs about $153 a month.

Jupiter offered the most affordable policy we found, with rates sometimes as little as $19 monthly.

If you want to find the best prices for auto insurance for a 2005 Chevrolet Aveo, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

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2004 Chevrolet Aveo Car Insurance

On average, drivers who own a 2004 Aveo can expect to pay $73 to $127 a month for liability only and full coverage insurance, respectively.

We found Mercury offered the cheapest policy, with rates sometimes as low as $17 per month.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

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Chevrolet Aveo Insurance FAQs

Is a Chevrolet Aveo expensive to insure?

When compared to the national average of all cars, premiums come in on the cheaper end of the spectrum. Liability insurance runs an average of $80 a month, while full coverage will cost you around $155.

How can I get the best price on car insurance for my Chevrolet Aveo?

The only way to confirm you're getting the most affordable price on car insurance is to check prices regularly and compare quotes from a wide array of companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from several carriers at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my Chevrolet Aveo affect my insurance premiums?

You've probably heard the old adage that it costs more to insure a red car, but that's actually not the case. There are multiple variables insurance companies consider when they decide your auto insurance premium, but the color of your Aveo isn't one of them.

Do I need to have insurance before I buy a Chevrolet Aveo?

You'll need to have an auto insurance policy in place before you can legally driver your new (or new to you) Chevrolet Aveo off the dealership lot. Some dealerships will offer you a car insurance policy as part of the buying process, but the best thing to do when buying a a new car is to let your car insurance carrier know before you buy.

What car insurance discounts can I get for my Chevrolet Aveo?

You will find a range of different discounts out there for auto insurance. Many of them (like "multi-policy discounts" and "pay-in-full discounts") are more based on you than the car you drive, but if your Aveo has safety features like anti-theft systems, airbags, anti-lock brakes, and other features, it may qualify for certain discounts. To learn more about which discounts you may qualify for, talk with your insurance agent and ask about their list of discounts.