How Much Does 2016 Chevrolet Volt Insurance Cost?

Are you a victim of an underperforming, overpriced auto insurance policy? Believe me, there are a lot of people just like you who feel imprisoned by their auto insurance policy.

With consumers having so many options, it can be impossible to find the most cost effective provider.

Car Insurance Prices Online

The are a couple different ways of comparing price quotes from local car insurance companies. The easiest way by far to find the cheapest 2016 Chevy Volt insurance rates is simply to get online rate quotes. This can be accomplished in a couple of different ways.

  1. The fastest way to find low rates is to use a rate comparison form click to view form in new window. This easy form prevents you from having to do separate quotes to each individual car insurance company. One simple form gets you coverage quotes from multiple low-cost companies.
  2. Another way to find lower rates is going to each company website to complete their respective quote request forms. For sake of this example, we’ll pretend you want comparison quotes from Auto-Owners, Progressive and Geico. You would have to go to every website to input your insurance information, and that’s why the first method is more popular. For a list of links to companies insuring cars in your area, click here.
  3. The most time-consuming method to compare rates is to waste gas driving to local insurance agencies. The internet can eliminate the need for a local agent unless you prefer the personal advice only provided by licensed agents. However, consumers can get prices online and still use a local agent and we’ll touch on that later.

Which method you use is up to you, but be sure to compare identical deductibles and coverage limits on every quote. If you have unequal deductibles or liability limits you will not be able to decipher which rate is best. Quoting even small variations in insurance coverages may cause a big price difference. And when comparing car insurance rates, know that obtaining a wide range of quotes provides better odds of finding the best price.

Why your Chevy Volt insurance rates may be high

An important part of buying insurance is that you know the different types of things that go into determining insurance coverage rates. Knowing what controls the rates you pay allows you to make educated decisions that could result in better insurance coverage rates.

Listed below are some of the items companies use to determine premiums.

  • Lower rates with optional equipment – Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your insurance coverage. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart car theft.
  • Your occupation can affect rates – Did you know your occupation can influence how much you pay for insurance coverage? Careers like real estate brokers, architects and accountants tend to pay higher rates than average attributed to high stress and lengthy work days. On the flip side, professions such as farmers, athletes and performers have the lowest average rates for Volt insurance.
  • Multiple policies with one company can save – Most insurance companies will give a discount to policyholders who consolidate policies with them. It’s known as a multi-policy discount. Discounts can add up to 10 percent or more. Even though this discount sounds good, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible.
  • With age comes lower rates – Young drivers are known to be less responsible when driving so insurance coverage rates are higher. Adding a youthful driver to your policy can be very expensive. More mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers.

Pay less by taking advantage of discounts

The cost of insuring your cars can be expensive, but there are discounts available to help offset the cost. Certain discounts will be applied when you complete an application, but less common discounts must be manually applied before they will apply.

  • Drive Safe and Save – Drivers who don’t get into accidents may save up to 50% more for Volt insurance than their less cautious counterparts.
  • College Student – Any of your kids who live away from home and do not have access to a covered vehicle can receive lower rates.
  • One Accident Forgiven – A few companies allow you one accident before hitting you with a surcharge so long as you haven’t had any claims for a certain period of time.
  • Multi-policy Discount – When you have multiple policies with the same insurance company you will save up to 20% off your total premium.
  • Sign Online – Certain companies give back up to $50 simply for signing over the internet.
  • Theft Prevention Discount – Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company can get a discount on all vehicles.
  • Payment Discounts – If paying your policy premium upfront rather than paying monthly you could save 5% or more.

Keep in mind that most discount credits are not given to the entire policy premium. Most only reduce the cost of specific coverages such as medical payments or collision. So even though they make it sound like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. Any qualifying discounts will help reduce your overall premium however.

A partial list of companies who might offer these benefits include:

Before buying, ask every prospective company which discounts you may be entitled to. Discounts might not be offered in your area.

Your coverage should be tailored to you

When buying coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions could help you determine whether you might need professional guidance.

  • What companies insure drivers after a DUI or DWI?
  • Do all my vehicles need collision coverage?
  • Should I buy only the required minimum liability coverage?
  • Is my 2016 Chevy Volt covered for smoke damage?
  • Can my teen drive my company car?
  • Is my nanny covered when driving my vehicle?
  • Does my policy cover me when driving someone else’s vehicle?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Auto insurance coverage information

Learning about specific coverages of a insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Listed below are the usual coverages available from insurance companies.

Comprehensive auto coverage

This covers damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as hitting a deer, a broken windshield, hail damage and fire damage. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Coverage for liability

Liability coverage will cover damage that occurs to other’s property or people. It protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like loss of income, medical services, court costs, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Medical payments and PIP coverage

Med pay and PIP coverage provide coverage for expenses such as pain medications, surgery and dental work. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Collision coverage protection

This coverage will pay to fix damage to your Volt resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things such as scraping a guard rail, crashing into a building and backing into a parked car. This coverage can be expensive, so consider removing coverage from older vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 2016 Chevy Volt.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Buy online or local, you save

The cheapest 2016 Chevy Volt insurance can be purchased on the web as well as from independent agents, so compare prices from both so you have a total pricing picture. Some insurance providers don’t offer online price quotes and most of the time these smaller companies sell through independent agents.

Throughout this article, we presented many tips how you can lower your insurance rates. The key thing to remember is the more providers you compare, the higher the chance of saving money. Consumers may even find the most savings is with a small mutual company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

Even more information is available in the articles below: