Looking for a better price on your Chevrolet Cruze car insurance? Well, you’re in the right place. We know exactly what you need in order to start saving money on your auto insurance premiums today. But first, we’re going to have to explain a few things to you. After all, insurance is a very complicated industry, and carrying insurance on the vehicle you drive is no exception. But you need to make sure that you are a well-informed consumer if you want to get the lowest possible price.
The Chevy Cruze has been in production since 2008, with its debut models going on sale in 2009. It is a compact sedan which is currently in its second generation of production. The J300 iteration, which is what the first generation was based on, was intended to produce the Chevy Cobalt. The second generation, despite initial announcements from GM, didn’t go on sale until 2015. It Weighed less, contained brand new GM Small Gasoline Engine technology, and a new body design which produces only a 0.28 drag coefficient.
For reasons that are hard to explain, sales of regular cars (hatchbacks, sedans, and coupes, among others) are declining in favor of large, inefficient, difficult-to-maneuver (and questionably safe) SUVs and crossovers. Because of this, a General Motors manufacturing plant in Ohio recently got hit hard by a scaling back of production. This move will likely result in nearly 1,500 workers either seeing a reduction in their income, or losing their job altogether.
Why do you think your insurance company asks you for your zip code before they ask you for any other information about you or your vehicle? It’s because your location is one of the most important things your insurance company needs to know before they underwrite your policy. Living in a big city, living in an area with a high crime rate, or even living in a town which has a higher incidence of drunk driving accidents than other areas nearby can make a huge difference in how risky it is to insure you. Just look at the chart below which compares rates from state-to-state. Believe it or not, rates can fluctuate just as much from city to city, too.
Why do you think there are so many different insurance companies out there? After all, aren’t most car insurance policies pretty much the same? Almost everyone has the same types of coverage – liability, comprehensive/collision, uninsured motorist coverage, etc. – So why are there so many? For the most part, it’s because there is profit to be made depending on how well an insurance company’s business model works. It also has to do with the fact that insurance companies aren’t as strictly regulated as many other industries in the country are. This gives them the freedom to make their own rules, come up with different discounts they can use to attract business, offer slightly different forms of optional coverage in order to entice new customers, and evaluate risk patterns differently in order to increase their net income.
How often have you had the opportunity to file a claim against your car insurance provider, but decided to pay out of pocket instead? It may have been inconvenient to swallow that expense, but it could potentially pay off in the long run in the form of lower premiums. The more claims you end up filing with your insurance company, the more likely they are to raise your premiums – and the more expensive those price hikes will become. But if you take on more of the financial risk by yourself, that investment can pay dividends in the future.
Moving to a new zip code, waiting until your claims history clears up, or even following steps to improve your credit score will take time before you see an improvement in your auto insurance premiums. But you can save yourself 31% or more right now by doing one simple thing: comparing quotes. If you don’t know how much car insurance companies are offering for a driver like you, then you can’t possibly know that you’re getting the best price for your coverage. But we can connect you with three to five instant quotes in just a few minutes or less – and all we need is your zip code.