Compare 2017 Chevrolet Bolt Insurance Rates

Trying to find lower insurance coverage rates for your Chevrolet Bolt? Are you kicking yourself for buying an overpriced insurance coverage policy? You’re preaching to the choir because there are a lot of people just like you who feel imprisoned by their insurance coverage policy. Multiple insurers compete for your business, so it’s not easy to compare every company to get the lowest rate possible.

How to find the cheapest insurance coverage

Comparing insurance coverage rates can be exhausting if you don’t know the fastest way to get free quotes. You can waste a few hours (or days) driving to local insurance agents in your area, or you could save time and use online quotes to get prices fast.

Most car insurance companies participate in a marketplace where prospective buyers enter their policy data once, and each company provides a quote determined by their information. This system prevents you from having to do quote forms to every company.

To find out how much you can save on insurance coverage click here (opens in new window).

The only downside to comparing rates this way is you don’t know exactly which providers you want pricing from. So if you prefer to pick individual companies to compare prices, we have a page of low cost insurance coverage companies in your area. Click to view list.

Which method you use is up to you, but make darn sure you compare apples-to-apples coverage limits and deductibles on every price quote you get. If you enter different deductibles it will be nearly impossible to make a fair rate comparison.

Can you really save $402 a year?

Consumers can’t ignore all the ads that promise big savings for switching from companies such as State Farm, Allstate and Geico. All the companies state the claim that drivers can save some big amount just by switching to them.

How can each company say the same thing? It’s all in how they say it.

Many companies have an ideal profile for the type of driver that will be a good risk. One example of a driver they prefer could possibly be between the ages of 40 and 55, has had continuous coverage, and drives a lower-performance vehicle. Any person who fits those characteristics receive the lowest rate quotes and will most likely save if they switch.

Consumers who do not fit this ideal profile will probably have to pay a higher rate which results in business going elsewhere. The ad wording is “people that switch” not “everyone who quotes” can save as much as they claim. That’s why insurance companies can confidently make those claims. That is why you should compare rate quotes every year. Because without a comparison, you cannot know which insurance companies will have the lowest rate quotes.

Car insurance discounts help slash rates

Car insurance can cost a lot, but you might be missing out on some discounts that many consumers don’t even know exist. Many discounts should be triggered at quote time, but lesser-known reductions have to be asked for before you will receive the discount. If you aren’t receiving every discount available, you are paying more than you should be.

  • Theft Deterent Discount – Cars equipped with anti-theft or alarm systems help deter theft and earn discounts up to 10% off your car insurance quote.
  • Service Members Pay Less – Having a family member in the military could qualify you for better car insurance rates.
  • Defensive Driver Discounts – Passing a driver safety course could cut 5% off your bill if you qualify.
  • Online Discount – Many larger companies may give you up to $50 simply for signing over the internet.
  • Drive Safe and Save – Drivers without accidents may receive a discount up to 45% on Bolt insurance compared to accident prone drivers.
  • Accident Forgiveness Coverage – Not necessarily a discount, but a handful of insurance companies allow you one accident without the usual rate increase if you have no claims for a specific time period.
  • Government Employee Discount – Employees or retirees of the government can earn a discount up to 10% on Bolt insurance but check with your company.
  • Seat Belt Usage – Requiring all passengers to buckle up could save 15% off PIP or medical payments premium.
  • Buy New and Save – Insuring a new car can get you a discount compared to insuring an older model.
  • Multiple Cars – Buying insurance for multiple vehicles on the same car insurance policy can reduce the rates for all insured vehicles.

A little disclaimer on discounts, some credits don’t apply the the whole policy. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you could get a free car insurance policy, it just doesn’t work that way.

A few popular companies and a summarized list of policyholder discounts are shown below.

  • Esurance includes discounts for renters, online quote, defensive driver, paid-in-full, DriveSense, emergency road assistance, and Switch & Save.
  • The Hartford policyholders can earn discounts including anti-theft, defensive driver, vehicle fuel type, air bag, and good student.
  • AAA offers discounts including AAA membership discount, pay-in-full, anti-theft, education and occupation, good driver, good student, and multi-policy.
  • Geico may include discounts for anti-lock brakes, driver training, emergency military deployment, multi-policy, and defensive driver.
  • State Farm has discounts for Steer Clear safe driver discount, anti-theft, Drive Safe & Save, accident-free, and driver’s education.

Double check with each company or agent which discounts they offer. Some of the earlier mentioned discounts might not apply in your area. To find insurance companies that offer some of these discounts, click this link.

Which is the best auto insurance?

When it comes to choosing adequate coverage, there really is not a one size fits all plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can help discover whether or not you might need professional guidance.

  • Does insurance cover damages from a DUI accident?
  • Do I have coverage for damage caused while driving under the influence?
  • What if I total my 2017 Chevy Bolt and owe more than it’s worth?
  • Can I still get insurance after a DUI?
  • Should I have combined single limit or split liability limits?
  • Should I buy only the required minimum liability coverage?
  • What discounts do I qualify for?
  • What is covered by UM/UIM coverage?
  • What can I do if my company denied a claim?
  • Am I covered when driving on a suspended license?

If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.

Insurance specifics

Knowing the specifics of a insurance policy aids in choosing the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverage types available from insurance companies.

Liability auto insurance

Liability insurance provides protection from injuries or damage you cause to other people or property that is your fault. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things such as bail bonds, medical expenses and funeral expenses. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Bolt.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision insurance

This coverage covers damage to your Bolt caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims like hitting a parking meter, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hitting a deer, theft and damage from flooding. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for short-term medical expenses for things like ambulance fees, doctor visits, hospital visits, chiropractic care and pain medications. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

A little work can save a LOT of money

As you quote car insurance, it’s not a good idea to reduce needed coverages to save money. Too many times, drivers have reduced comprehensive coverage or liability limits only to regret at claim time that the small savings ended up costing them much more. Your goal is to buy enough coverage for the lowest price while still protecting your assets.

We just covered many ideas to reduce 2017 Chevy Bolt insurance rates online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with an unexpected company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as Geico and State Farm.

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