View 2011 Chevrolet Volt Car Insurance Cost

Finding the lowest cost car insurance on the web is rather challenging for people who are new to online price comaprisons. Since there are so many insurance companies available, how can consumers even start to compare every company to locate the lowest price available?

How to Get Cheap Car Insurance

There are a lot of ways you can shop for car insurance and some are less labor-intensive and much quicker. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can stay home and use the web to achieve your goal.

Most major companies are enrolled in a marketplace where prospective buyers submit one quote, and every company then gives them pricing based on that data. This saves time by eliminating form submissions to each company.

To submit your quote information now, click here (opens in new window).

The only downside to using this type of system is you can’t choose which insurance companies you want to price. So if you prefer to pick from a list of companies to compare rates, we put together a list of car insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just make absolute certain that you use apples-to-apples deductibles and coverage limits for every quote you compare. If you use different limits and deductibles on each one then you won’t be able to determine the best price for your Chevy Volt. Having just a slight variation in coverage limits could mean much higher rates. And when comparing car insurance rates, know that having more price comparisons will improve the odds of getting lower pricing.

Do you qualify for discounts?

The cost of insuring your cars can be expensive, buy you may qualify for discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you quote, but a few must be manually applied before they will apply.

  • Safe Drivers – Insureds without accidents can get discounts for up to 45% lower rates for Volt insurance than less cautious drivers.
  • Student in College – Kids in college who live away from home without a vehicle on campus can receive lower rates.
  • Accident Forgiveness – A few companies will allow you to have one accident before raising your premiums so long as you haven’t had any claims prior to the accident.
  • Multi-policy Discount – If you have multiple policies with one insurance company you may save up to 20% off your total premium.
  • Senior Discount – Mature drivers may be able to get a discount up to 10% for Volt insurance.
  • New Car Discount – Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Memberships – Participating in a qualifying organization could qualify you for a break when shopping for insurance for Volt insurance.
  • Use Seat Belts – Requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.

It’s important to note that some of the credits will not apply to all coverage premiums. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck. But all discounts will cut your premiums.

For a list of providers who offer insurance discounts, click here to view.

Don’t assume everyone needs the same coverage

When choosing proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique.

These are some specific questions might help in determining whether your personal situation could use an agent’s help.

  • Is my custom paint covered by insurance?
  • Am I covered if I break a side mirror?
  • How do I file an SR-22 for a DUI in my state?
  • Exactly who is provided coverage by my policy?
  • Will I lose any money if I cancel my policy before it expires?
  • Are all vehicle passengers covered by medical payments coverage?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find lower rates from a local agent, take a second and complete this form.

Why your Chevy Volt insurance rates may be high

It’s important that you understand the rating factors that go into determining insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that could result in better insurance rates.

Listed below are some of the factors companies use to determine premiums.

  • More miles equals more premium – Driving more miles in a year’s time the higher your rate. Most insurance companies price each vehicle’s coverage based upon how you use the vehicle. Vehicles that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Verify your insurance coverage is rated on the proper vehicle usage. If your policy improperly rates your Volt can result in significantly higher rates.
  • Rates may be higher depending on your occupation – Did you know your insurance rates can be affected by your occupation? Occupations such as doctors, business owners and dentists have the highest average rates attributed to stressful work requirements and lots of time spent at work. Other occupations like pilots, historians and homemakers get better rates for Volt insurance.
  • Where you live – Living in less populated areas is a positive aspect when insuring your vehicles. Drivers in populated areas have more traffic problems and a longer drive to work. Fewer people translates into fewer accidents as well as less vandalism and auto theft.
  • Optional equipment can affect rates – Owning a car with anti-theft technology or alarm system can help lower your rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent car theft.
  • Protect yourself with liability coverage – Liability insurance will protect you if you are found to be at fault for personal injury or accident damage. Liability provides you with a defense in court which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
  • Pay less after the wedding – Having a spouse helps lower the price when buying insurance. Having a spouse usually means you are more mature than a single person it has been statistically shown that being married results in fewer claims.
  • How’s your driving record? – Even a single speeding ticket can increase rates by twenty percent. Good drivers have lower premiums compared to drivers with tickets. Drivers who get flagrant violations such as DWI, reckless driving or hit and run convictions may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.

How can GEICO, State Farm and Progressive save drivers who switch?

GEICO, State Farm and Progressive continually stream ads on TV and radio. All the companies make the same claim that you’ll save big after switching your coverage to them. How can each company say the same thing?

Different companies are able to cherry pick for the driver they prefer to insure. For example, a driver they prefer could possibly be between the ages of 40 and 55, insures multiple vehicles, and has excellent credit. Any new insured who meets those qualifications receives the best rates and is almost guaranteed to save a lot of money.

Drivers who do not match the requirements must pay a more expensive rate which leads to business not being written. The ads say “drivers who switch” not “everyone that quotes” save money. That’s the way companies can truthfully claim big savings.

This illustrates why drivers must get quotes from several different companies. You cannot predict which company will provide you with the cheapest Chevy Volt insurance rates.

Educate yourself about car insurance coverages

Having a good grasp of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring.

Liability – Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as structural damage, medical services, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as fire damage, damage from a tornado or hurricane, a broken windshield, hitting a bird and falling objects. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Chevy Volt.

Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Collision – Collision coverage covers damage to your Volt resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims like hitting a mailbox, driving through your garage door, rolling your car, hitting a parking meter and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.

Medical expense coverage – Med pay and PIP coverage provide coverage for immediate expenses such as doctor visits, nursing services, rehabilitation expenses and EMT expenses. They can be used in conjunction with a health insurance program or if you do not have health coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

More comparisons equals lower rates

People leave their current company for a number of reasons such as being labeled a high risk driver, delays in responding to claim requests, delays in paying claims or unfair underwriting practices. No matter why you want to switch, finding the right car insurance provider is not as difficult as it may seem.

Low-cost 2011 Chevy Volt insurance is attainable both online as well as from independent agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who don’t offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

In this article, we covered a lot of tips how to save on insurance. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Drivers may discover the biggest savings come from an unexpected company.

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