2011 Chevrolet Volt Insurance Cost

Trying to find better auto insurance rates for your Chevrolet Volt? Paying for high-priced Chevrolet Volt insurance can take a big chunk out of your bank account and force you to prioritize other expenses. Comparing price quotes is a great way to make sure you’re not throwing money away.

Because there are so many online and local companies to choose from, it is very difficult to pick the lowest price company.

Finding the best rates is easy if you know what you’re doing. If you are paying for car insurance now, you will be able to cut costs considerably using this information. Nevertheless, car owners must learn how the larger insurance companies market on the web and use this information to your advantage.

Why you might be paying too much to insure your Chevy Volt

It’s important that you understand the rating factors that play a part in calculating insurance rates. When you know what positively or negatively impacts premium levels allows you to make educated decisions that will entitle you to lower insurance prices.

Shown below are a partial list of the pieces companies use to determine prices.

  • Credit scores impact insurance rates – Having a bad credit score is a large factor in your rate calculation. Drivers who have high credit scores tend to be better drivers and file fewer claims than those with lower ratings. If your credit is low, you could be paying less to insure your 2011 Chevrolet Volt by repairing your credit.
  • Big city or small town – Living in a small town can save you money when buying insurance. Less people living in that area means reduced accidents and also fewer theft and vandalism claims. Urban drivers tend to have traffic congestion and a longer drive to work. Longer commute distances translates into higher accident risk.
  • More claims means more premium – If you file claims often, you can definitely plan on higher rates. Car insurance companies give cheaper rates to drivers who are claim-free. Insurance coverage is intended for major claims that would cause financial hardship.
  • Car features impact rates – Choosing a vehicle with an alarm system can save you a little every year. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.
  • Poor driving leads to higher costs – Your driving citation history has a lot to do with how much you pay for insurance. Good drivers get better rates than people who have multiple driving citations. Only having one moving violation can increase rates by twenty percent. Drivers who have severe citations such as DWI, reckless driving or hit and run convictions may need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.

You probably qualify for some discounts

Car insurance companies do not advertise all their discounts very clearly, so the following is a list of both the well known and the more hidden savings tricks you should be using.

  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if it’s offered in school.
  • E-sign – A few companies will discount your bill up to fifty bucks for buying your policy online.
  • Organization Discounts – Affiliation with a qualifying organization may earn a discount when buying insurance coverage on Volt insurance.
  • No Accidents – Claim-free drivers can earn big discounts as compared to drivers who are more careless.
  • Drive Safe and Save – Drivers who don’t get into accidents can pay as much as 50% less on Volt insurance than less cautious drivers.
  • Accident Forgiveness – A handful of insurance companies allow you one accident before raising your premiums so long as you haven’t had any claims for a certain period of time.
  • Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
  • Lower Rates for Military – Having a family member in the military could mean lower rates.
  • Good Student Discount – Getting good grades can earn a discount of 20% or more. The discount lasts well after school through age 25.
  • Sign Early and Save – Some insurance companies reward drivers for signing up prior to your current policy expiration. It can save you around 10%.

It’s important to note that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like physical damage coverage or medical payments. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

For a list of providers offering insurance coverage discounts, click here.

There’s no such thing as the perfect policy

When buying proper insurance coverage, there is no best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that. For instance, these questions could help you determine if you will benefit from professional help.

  • What should my uninsured motorist coverage limits be in my state?
  • When should my teen driver be added to my policy?
  • When can I cancel my policy?
  • How high should deductibles be on a 2011 Chevy Volt?
  • How do I insure my teen driver?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Can I afford to buy a different vehicle if my 2011 Chevy Volt is totaled?
  • Can I afford to pay high deductible claims out of pocket?
  • Does coverage extend to a rental car in a foreign country?
  • Are rental cars covered under my policy?

If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Car insurance coverage information

Having a good grasp of your policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverage types available from insurance companies.

Auto liability

This coverage protects you from damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage protects against things such as loss of income, medical expenses, structural damage and attorney fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

This gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.

Collision protection

This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like backing into a parked car, rolling your car, driving through your garage door and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from older vehicles. Another option is to increase the deductible to bring the cost down.

Comprehensive insurance

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like hail damage, hitting a bird, theft and vandalism. The highest amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for expenses for ambulance fees, EMT expenses, doctor visits, dental work and prosthetic devices. The coverages can be used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage

Coverage on a shoestring budget

In this article, we presented a lot of tips how to reduce 2011 Chevy Volt insurance prices online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest priced insurance coverage comes from a smaller regional carrier. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate, Geico and Progressive.

As you shop your coverage around, don’t be tempted to buy poor coverage just to save money. There are too many instances where an accident victim reduced full coverage and discovered at claim time that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.

Additional insurance coverage information can be found at these links: