Nobody that owns a car likes buying car insurance, especially when they know the cost is way too high.
Many insurers compete for your insurance dollar, and it can be difficult to compare rates and uncover the absolute best price available.
It’s a good idea to check car insurance prices once or twice a year because car insurance prices trend upward over time. Even if you got the best rates for Volt coverage two years ago other companies may now be cheaper. Block out anything you think you know about car insurance because it’s time to teach you the only way to lower your annual insurance bill.
The quickest method to compare insurance rates in your area is to realize most insurance companies allow for online access to provide you with free rate quotes. The one thing you need to do is provide the companies a bit of rating information such as your general credit rating, driver ages, distance driven, and the year, make and model of vehicles. The data is submitted instantly to multiple companies and you receive quotes within a short period of time.
To compare rates now, click here and complete the quick form.
Respected companies like State Farm, GEICO and Progressive continually stream television, radio, and online ads. They all seem to convey the message of big savings if you just switch your insurance coverage to their company. How does each company sell you cheaper insurance coverage?
Insurance companies quote their cheapest rates for the type of customer that earns them the most money. For instance, this type of driver may need to be between the ages of 40 and 55, owns their home, and has a short commute. Anybody that meets those criteria will qualify for the lowest car insurance rates and will probably save when switching.
Consumers who do not meet this stringent profile will probably be forced to pay higher premium rates which translates to the customer buying from someone else. The ad wording is “customers that switch” but not “all drivers who get quotes” will save that much if they switch. That’s the way companies can advertise the way they do. Each company has different criteria, so you absolutely need to get a wide range of price quotes. Because you cannot predict the company that will have the best rates.
Insurance is neither fun to buy or cheap, but you may find discounts that you may not even know about. Certain reductions will be credited at the time of purchase, but less common discounts must be specifically requested before you get the savings. If you’re not getting every credit you deserve, you could be getting lower rates.
We need to note that most discounts do not apply to the entire cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, companies don’t profit that way. But all discounts will cut your overall premium however.
Larger insurance companies and their offered discounts can be found below.
When quoting, ask all companies you are considering how many discounts you can get. A few discounts might not be offered in every state.
When it comes to buying proper insurance coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might help in determining if your insurance needs will benefit from professional help.
If you don’t know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.
Learning about specific coverages of a car insurance policy can help you determine the right coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from car insurance companies.
Collision insurance will pay to fix damage to your Volt 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 insurance covers things like sideswiping another vehicle, hitting a parking meter, hitting a mailbox, backing into a parked car and scraping a guard rail. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.
This coverage will cover injuries or damage you cause to other people or property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage pays for things like court costs, structural damage, medical expenses and pain and suffering. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like vandalism, hail damage, damage from a tornado or hurricane and falling objects. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Volt.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as X-ray expenses, EMT expenses, funeral costs and ambulance fees. They can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
We just covered many ways to compare 2018 Chevy Volt insurance premium rates online. It’s most important to understand that the more companies you get prices for, the higher your chance of finding the cheapest car insurance. Consumers could even find that the best premium rates are with a small local company. Some small companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.
When shopping online for car insurance, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped uninsured motorist or liability limits only to discover later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy enough coverage for the lowest cost, not the least amount of coverage.
More detailed car insurance information can be found by following these links: