Searching for the cheapest auto insurance rates for your Chevrolet Volt? Have you had enough of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as millions of other consumers.
Having so many choices, it can be impossible to locate the lowest cost company.
Car insurance is not cheap, but there are discounts available to reduce the price significantly. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be asked for prior to getting the savings.
Consumers should know that most discounts do not apply to the entire policy premium. Most only cut individual premiums such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, insurance coverage companies aren’t that generous. Any qualifying discounts will reduce the amount you have to pay.
For a list of companies offering insurance coverage discounts, click here.
Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for insurance coverage. Knowing what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.
The list below includes some of the items that factor into your rates.
When choosing coverage, there isn’t really a one size fits all plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.
If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.
This covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like hitting a deer, damage from getting keyed, damage from a tornado or hurricane and theft. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Liability coverage can cover damages or injuries you inflict on other people or property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount without having the split limit caps.
Liability coverage protects against things such as court costs, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2013 Chevy Volt.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time these coverages are set the same as your liablity limits.
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as rehabilitation expenses, pain medications, ambulance fees and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Collision coverage will pay to fix damage to your Volt resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for things such as damaging your car on a curb, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.
Cost effective 2013 Chevy Volt insurance is possible on the web and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis. A few companies may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.
When shopping online for insurance, you should never buy less coverage just to save a little money. There are too many instances where someone sacrificed collision coverage and discovered at claim time they didn’t have enough coverage. Your goal should be to buy a smart amount of coverage for the lowest price.
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