2013 Chevrolet Volt Car Insurance Cost – 5 Tips for Cheaper Prices

Trying to find better car insurance rates for your Chevrolet Volt? Searching for the lowest cost car insurance online is rather challenging for beginners to buying insurance on the web. With dozens of online companies available, how can you possibly compare the different rates to find the best available price?

It’s a good idea to take a look at other company’s rates once or twice a year because rates go up and down regularly. If you had the best rates for Volt insurance six months ago you can probably find a better price now. You can find a lot of misleading information regarding car insurance online, so with this article, you’re going to get a bunch of ideas how to stop overpaying for insurance.

These five discounts can slash auto insurance rates

Car insurance is not cheap, but discounts can save money and there are some available to reduce the price significantly. A few discounts will automatically apply when you purchase, but lesser-known reductions have to be requested specifically prior to receiving the credit.

  • Life Insurance Discount – Larger companies have better rates if you take out life insurance from them.
  • Service Members Pay Less – Being on active duty in the military can result in better rates.
  • No Claims – Claim-free drivers pay much less when compared to bad drivers.
  • Seat Belts Save more than Lives – Drivers who require all occupants to wear their seat belts can save up to 15% off your medical payments premium.
  • Distant Student – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears all those discounts means the company will pay you, you won’t be that lucky. But all discounts will help reduce the cost of coverage.

Car insurance companies who might offer some of the above discounts may include but are not limited to:

Double check with each insurance company how you can save money. All car insurance discounts might not be offered everywhere.

When might I need the advice of an agent?

When it comes to choosing proper insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is unique.

For instance, these questions may help you determine whether your personal situation would benefit from professional advice.

  • Do I need replacement cost coverage on my 2013 Chevy Volt?
  • When should I remove comp and collision on my 2013 Chevy Volt?
  • Is my dog or cat covered if injured in an accident?
  • Does coverage extend to a rental car in a foreign country?
  • Do I benefit by insuring my home with the same company?
  • Can I pay claims out-of-pocket if I buy high deductibles?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form.

Can switching companies really save?

Allstate, Geico and Progressive continually stream ads on television and other media. All the companies have a common claim of big savings after switching your policy. How do they all say the same thing? It’s all in the numbers.

All companies have a preferred profile for the type of customer that makes them money. An example of a desirable insured might be between 30 and 50, is a homeowner, and has a short commute. A propective insured who meets those qualifications will get very good rates and most likely will save quite a bit of money when switching.

Potential insureds who don’t measure up to the requirements will be quoted more money which leads to business not being written. The ads state “drivers who switch” not “everyone that quotes” save that much money. That’s why insurance companies can confidently advertise the way they do.

This emphasizes why drivers must compare many company’s rates. Because you never know which car insurance company will provide you with the cheapest Chevy Volt insurance rates.

Specifics of your insurance policy

Learning about specific coverages of your insurance policy can be of help when determining the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured or underinsured coverage

This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Chevy Volt.

Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability

This coverage will cover damage that occurs to people or other property by causing an accident. It protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Some companies may use one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.

Liability coverage pays for things like repair bills for other people’s vehicles, attorney fees, legal defense fees, pain and suffering and bail bonds. How much liability coverage do you need? That is your choice, but buy as large an amount as possible.

Medical expense coverage

Coverage for medical payments and/or PIP reimburse you for expenses like ambulance fees, surgery, prosthetic devices and chiropractic care. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible

Collision coverage protection

This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for things like scraping a guard rail, hitting a mailbox, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.

Comprehensive protection

This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from a tornado or hurricane, hitting a deer, a broken windshield and damage from getting keyed. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Spend less. Save more.

We just presented quite a bit of information on how to reduce 2013 Chevy Volt insurance prices online. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may discover the most savings is with some of the lesser-known companies.

Consumers switch companies for many reasons like high prices, questionable increases in premium, poor customer service or even policy non-renewal. Regardless of your reason for switching companies, switching insurance companies can be pretty painless.

The cheapest insurance is available from both online companies in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

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