Chevrolet car insurance overview
Chevrolet was founded in Detroit, Michigan, a city known for being the centre of the automobile industry in the United States. The automaker was first established in 1911 by Swiss race car drivers and brothers Arthur and Louis Chevrolet, and William C. Durant, an early pioneer of the country’s auto industry.
Chevrolet has come a long way since its origins over a century ago, now selling millions of cars each year. Some of the most popular Chevy models are the Malibu, Equinox, Cruze, and Silverado. However, the model that the brand is perhaps most famous for is none other than the Corvette, first introduced in 1953 and still in production today. The brand has also launched several hybrid vehicles over the years, including hybrid versions of the Tahoe, Malibu, Impala, and Silverado. Chevrolet is also in the midst of launching its first-ever fleet of electric vehicles including the Bolt EV, the Bolt EUV, and the all-electric Silverado, available in fall 2023.
Fun facts about Chevrolet
- The Series C Classic Six was the first automobile Chevrolet ever produced. It made its debut in 1911, featuring a 40-horsepower engine and a maximum speed of 65 miles per hour.
- Chevrolet is famous for its “bowtie emblem” logo. This logo was first introduced in 1914. The company has never confirmed what inspired the logo, some historians have claimed it was based on the Swiss cross, as an homage to the homeland of its two co-founders, while others have mused it was based on the Southern Compressed Coal Company’s “Coalettes” logo.
- By the early 1960s, the Chevrolet Corvette earned the nickname “America’s sports car.”
Types of Chevrolet car insurance coverages
No matter what Chevrolet model you have or are thinking of getting, you’ll need a quality car insurance policy to go with it. Keep in mind that driving without insurance is against the law in Canada, so before you get behind the wheel, you’ll need to purchase a policy. The exact coverage you choose is up to you, although several provinces have certain coverage requirements (for example, in Ontario and Alberta, drivers must have policies that include a minimum of $200,000 in third party liability coverage). To learn more about the specific types of car insurance coverages available to Chevrolet drivers, keep reading:
Third party liability coverage
Third party liability coverage is compulsory throughout Canada. It seeks to protect the policyholder in the event they’re found at fault for an accident. This type of coverage can help pay for medical expenses related to injuries, vehicle repair costs, legal counsel, and court fees if required.
Collision
Chevrolet drivers may wish to purchase collision coverage as part of their auto insurance policy. This type of coverage protects the driver if they collide with another car or object on the road. It covers the policyholder no matter who is responsible for the accident. It’s worth noting that collision coverage, which is optional in Canada, covers the cost of vehicle damage but does not pay for any injuries suffered in the accident (medical expenses relating to injuries are covered under the accident benefits portion of your policy).
Comprehensive
For peace of mind, many Canadians choose to include comprehensive coverage in their car insurance policies. Comprehensive coverage offers financial protection against circumstances other than car accidents, including theft, vandalism, fire, and water damage.
Accident forgiveness
If you choose to include accident forgiveness coverage in your Chevrolet auto insurance policy, your insurance premium won’t increase after your first at-fault accident. This type of coverage is optional in Canada but may be worth it.
Factors that influence Chevrolet insurance premiums
When shopping for Chevrolet car insurance, you’ll notice that insurance companies consider several factors when calculating your rate. From your age to your driving record, the most common factors used to calculate Chevrolet insurance premiums are below.
Age
Your age will be used to determine how much you pay for car insurance. The younger you are, the less experience you have, and the higher your premium. Seniors may pay more for car insurance based on statistical data.
Location
Where you plan to drive your Chevrolet vehicle will also impact your insurance rate. If you live in a populous part of the country, like the Greater Toronto Area (GTA), you may pay more for insurance simply because there is more traffic on the road and therefore your odds of getting into an accident go up. However, if you live in a rural part of the country, your insurance premium may be less. Further, if you live in an area that is prone to climate related weather incidents, such as floods, you may pay more for Chevrolet auto insurance.
Driving history
One’s driving history, which includes their driving experience and driving record, is sure to be taken into account when calculating their insurance premium. Having years or even decades of driving experience can work to your advantage - if you have a clean driving record, that is. A clean driving record means a record free from speeding tickets, collisions, DUI charges, and demerit points. Such a record speaks to your abilities as a driver. The cleaner your record, the more responsible you seem, and the more likely it is that the insurance company will lower your premium.
Chevrolet model and year
Which Chevrolet car you purchase and whether it’s new or used can impact your insurance premiums. In general, the more expensive the vehicle, the more it will cost to insure, simply because repairs and the cost of parts are typically higher. This means that choosing one of the cheaper Chevrolet models, such as the Spark, or even choosing an older, used Chevrolet rather than a new one, could save you money on car insurance.
How long you’ve owned your Chevrolet
How long you’ve owned your Chevrolet could affect how much you pay for auto insurance. If you’ve owned your vehicle for years without any incidents to speak of, this indicates that you are a safe and responsible car owner. On the other hand, if you purchase a new vehicle every year, your insurance premium may be higher. Therefore, if you recently bought a new Chevrolet, we recommend owning it for as long as possible, as doing so could result in savings down the line.
How to get cheap Chevrolet car insurance
Car insurance can be expensive, even when you choose a budget-friendly vehicle like a Chevrolet. However, there are ways to minimize how much you pay for Chevrolet auto insurance. So if you’re looking to save money on your car insurance, BrokerLink can help. Our expert insurance advisors have put together the following list of ways to get cheap Chevrolet car insurance:
- Purchase car insurance for multiple vehicles together (savings of up to 20%)
- >Buy multiple insurance policies (home insurance + car insurance, leisure vehicle insurance + car insurance, etc…) from the same provider (savings of up to 15%)
- Purchase one of Chevrolet’s hybrid or electric models (savings of up to 5%)
- Increase your deductible
- Enrol in driving school (for young drivers)
- Pay auto insurance annually rather than monthly
Work with an insurance broker
We recommend partnering with an insurance broker to get the most out of your Chevrolet car insurance. Brokers know the ins and outs of the industry and can ensure you find a policy that offers the most comprehensive coverage at the best possible price.
Plus, brokers do all the heavy lifting, so while you’re relaxing at home, we’ll be working tirelessly to obtain and compare quotes, all in an effort to find you a Chevrolet car insurance policy that offers the most bang for your buck.
Here at BrokerLink, our team of knowledgeable and friendly insurance advisors is always available to offer their unbiased opinions on the best car insurance policies. Plus, we take the time to get to know our customers, ensuring we find them a policy that suits their lifestyles and driving habits.
To ensure you receive the most competitive car insurance rate possible, contact BrokerLink today.
Get in touch to learn more about Chevrolet car insurance
Want to learn more about Chevrolet car insurance? Contact BrokerLink today.
Whether you wish to discuss your coverage options, learn more about mandatory car insurance in a specific Canadian province, or get a free quote, the BrokerLink team is here to help you.
We are always available to take your calls, answer your emails, or chat with you in person at one of our many locations in Canada.
We also offer free car insurance quotes to all Chevrolet drivers. No matter the Chevy model or whether your car is used or new, you can receive a free auto insurance quote in as little as five minutes.
What are you waiting for? Kickstart your Chevrolet car insurance journey by contacting BrokerLink today. We can’t wait to hear from you!
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Chevrolet auto insurance FAQs
Is it cheaper to insure a used Chevrolet than a new one?
Typically, it is cheaper to insure a used car compared to a new one, and this applies to Chevrolet. However, it’s worth noting that new models tend to be more fuel-efficient, and may even come with a warranty, so while insurance for a used car can cost you less, there could be additional, non-insurance-related costs that come with it.
Who has the best car insurance for Chevrolet?
There is no one insurance provider that’s the best for any specific make or model of car, and that includes Chevrolet. When purchasing car insurance, insurers will take several factors into account, such as the car make and model, age of the person driving the car, how frequently they drive the car, and where they plan on driving the car. Therefore, to find the best car insurance for your Chevrolet vehicle, we recommend working with a broker who can obtain quotes from all the major insurance companies in your region and then offer their expert opinion on which policy offers the best coverage at the best price.
What is the least expensive Chevrolet model to insure?
The general rule of thumb for car insurance is the less expensive the vehicle, the less expensive your insurance will be. Some of the cheapest Chevy vehicles include the Chevrolet Spark, Chevrolet Trailblazer, and Chevrolet Trax. That said, Chevrolet is known for manufacturing affordable cars, which means no matter what model you choose, your insurance premium shouldn’t be hugely impacted. In addition, the cost of the car isn’t all that matters when calculating your car insurance rate. Insurance companies may take into account a vehicle’s safety rating. The safer the car, the less you could pay for insurance.
Is it safe to buy Chevrolet auto insurance on the internet?
Shopping for Chevrolet car insurance can be overwhelming. With so many insurance companies out there, not to mention coverage options and confusing industry jargon, trying to find car insurance on your own is no easy feat. That’s why we recommend enlisting the help of an insurance broker. A BrokerLink broker will help you browse coverage options, obtain and compare quotes, and unlock discounts on your behalf. We will ensure you find the best car insurance for your beloved Chevrolet.
*This article is in no way sponsored, endorsed, or associated with Chevrolet.
