2015 Chevrolet Spark EV Car Insurance Rates

Feel like you have an underperforming, overpriced insurance coverage policy? It’s a common feeling and there are many people just like you.

Consumers have multiple car insurance companies to choose from, and even though it’s nice to have a selection, it can be more difficult to adequately compare rates.

It’s a great practice to do price comparisons periodically because insurance rates are variable and change quite frequently. Despite the fact that you may have had the best rate on Spark EV coverage a couple years back you may be paying too much now. Forget anything you know (or think you know) about insurance coverage because you’re about to find out the only way to reduce your cost while improving coverage.

The easiest way to compare insurance rates in your area is to know auto insurance companies have advanced systems to give free rates quotes. All you need to do is give them some information such as whether you drive to work or school, if you have an active license, how many miles driven, and your education level. Your details is automatically sent to multiple top-rated companies and they return quotes instantly.

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Why you might pay increased rates

The best way to find cheaper auto insurance is to take a look at some of the things that are used to determine the level of your policy premiums. If you know what impacts premium levels, this enables you to make decisions that may result in big savings.

The factors shown below are a few of the things used by your company to calculate rates.

• Raise physical damage deductibles and save – Coverage for physical damage, also called comprehensive and collision insurance, helps pay for damage to your vehicle. Some examples of covered claims are a windshield shattered by a rock, damage from fire, and burglary. Your deductibles state the amount of money you are willing to pay if a claim is determined to be covered. The more money the insured is willing to pay, the better rate you will receive on Spark EV coverage.
• Five star IIHS safety rating saves money – Cars with five star safety ratings are cheaper to insure. Safe vehicles reduce injuries and fewer injuries means less money paid by your insurance company passed on to you as lower rates. If your Chevy scored better than four stars on Safercar.gov you may pay a lower rate.
• Obey driving laws and save – A bad driving record has a lot to do with how much you pay for insurance. Careful drivers get better prices as compared to those with violations. Just one ticket may cause rates to rise forty percent or more. Drivers who have flagrant violations like hit and run, DWI or reckless driving convictions may face state-mandated requirements to complete a SR-22 with their state’s department of motor vehicles in order to legally drive a vehicle.
• The higher your credit rating the lower your premiums – A driver’s credit rating will be a significant factor in determining what you pay for auto insurance. If your credit rating could use some work, you could potentially save money when insuring your 2015 Chevrolet Spark EV by improving your credit score. People with excellent credit tend to be more responsible than drivers with poor credit scores.
• Auto insurance rates may be lower depending on your job – Careers like military generals, business owners and accountants generally pay higher premiums than the average policyholder in part from intense work-related stress and extremely grueling work hours. On the other hand, occupations like actors, historians and retirees have the lowest average rates on Spark EV coverage.
• Decrease premiums by maintaining coverage – Not having insurance is a misdemeanor and companies may charge more for letting your coverage have a gap. Not only will you pay higher rates, getting caught without coverage may result in a license revocation or jail time. You may then have to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
• Where you live factors in – Having an address in small towns and rural areas has definite advantages when buying auto insurance. Fewer drivers means reduced accidents in addition to fewer liability claims. Drivers in populated areas tend to have traffic congestion and a longer drive to work. Spending more time driving can result in more accidents.
• Age of drivers – Inexperience drivers are proven to be easily distracted when driving with friends and because of this, their auto insurance rates are much higher. Older insureds are proven to be safer behind the wheel, file fewer claims and receive fewer citations.

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Save money by receiving discounts

Insurance is not cheap nor is it fun to buy but you can get discounts that could drop your premiums quite a bit. Certain reductions will be credited when you quote, but some need to be specifically requested prior to receiving the credit.

• Theft Deterent Discount – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and can earn a small discount on your policy.
• ABS Brakes – Vehicles with anti-lock braking systems prevent accidents so companies give up to a 10% discount.
• Onboard Data Collection – Drivers who elect to allow their company to study driving manner remotely such as Progressive’s Snapshot could save a few bucks if their driving habits are good.
• Save with More Vehicles Insured – Buying coverage for all your vehicles on a single policy can reduce the rates for all insured vehicles.
• Government Employee Discount – Employees or retirees of the government could provide a small rate reduction on Spark EV coverage with a few insurance companies.
• Organization Discounts – Participating in qualifying employment or professional organizations could trigger savings when getting a car insurance quote.
• 55 and Retired – Seniors may receive a slight reduction on a car insurance quote on Spark EV coverage.
• Military Rewards – Being deployed in the military may lower your premium rates slightly.
• Discount for Life Insurance – Not all insurance companies offer life insurance, but some may give you a discount if you purchase a life insurance policy as well.

As a sidenote, some of the credits will not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like medical payments or collision. Even though the math looks like it’s possible to get free car insurance, nobody gets a free ride.

A few of the larger companies and some of the discounts are:

• State Farm offers premium reductions for multiple autos, driver’s education, anti-theft, safe vehicle, and accident-free.
• Progressive may have discounts that include multi-vehicle, good student, online signing, multi-policy, and continuous coverage.
• Progressive offers discounts for online signing, continuous coverage, online quote discount, multi-policy, homeowner, and multi-vehicle.
• MetLife may offer discounts for good driver, good student, claim-free, multi-policy, and accident-free.
• Farm Bureau has discounts for multi-vehicle, youthful driver, safe driver, multi-policy, renewal discount, good student, and 55 and retired.
• Geico has savings for air bags, seat belt use, federal employee, multi-vehicle, defensive driver, daytime running lights, and five-year accident-free.
• SAFECO may include discounts for accident prevention training, teen safe driver, multi-car, safe driver, and homeowner.

Before buying, ask all companies you are considering what discounts are available to you. A few discounts may not apply to policies everywhere.

Your auto insurance coverage should be tailored to you

When choosing proper insurance coverage for your vehicles, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. These are some specific questions might help in determining if you will benefit from professional help.

• What is roadside assistance coverage?
• Am I covered if hit by an uninsured driver?
• Do I pay less if my vehicle is kept in my garage?
• Should I sign the liability waiver when renting a car?
• When can I cancel my policy?
• Do I need higher collision deductibles?

If you’re not sure about those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier

Parts of your car insurance policy

Knowing the specifics of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Car insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages found on the average car insurance policy.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like rehabilitation expenses, ambulance fees and EMT expenses. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers 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

Comprehensive or Other Than Collision – This covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as fire damage, hitting a deer, damage from a tornado or hurricane and falling objects. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your Chevy Spark EV.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Liability coverages – Liability insurance protects you from damage or injury you incur to other people or property. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for things like loss of income, attorney fees, medical services and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as large an amount as possible.

Collision coverages – Collision coverage covers damage to your Spark EV caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like colliding with a tree, scraping a guard rail, rolling your car, hitting a mailbox and crashing into a ditch. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible to save money on collision insurance.

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Affordable insurance is out there

We just presented many ways to compare 2015 Chevy Spark EV insurance car insurance rates online. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may discover the most savings is with a small local company. Some small companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.

As you go through the steps to switch your coverage, it’s not a good idea to buy poor coverage just to save money. In many instances, someone dropped liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your objective should be to buy a smart amount of coverage at the best cost while not skimping on critical coverages.

To read more, take a look at the following helpful articles:

• Eight Auto Insurance Myths (Insurance Information Insitute)
• If I File a Claim will My Insurance Go Up? (Insurance Information Insitute)
• How do I File a Claim? (Insurance Information Insitute)
• Distracted Driving (Insurance Information Insitute)
• Smart Auto Insurance Tips (Insurance Information Insitute)
• Should I Buy a New or Used Car? (Allstate)

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