Cheap 2016 Chevrolet Spark EV Insurance Cost

If you are a novice to online insurance shopping, by this point your are probably confused of companies selling insurance.

Are you getting every discount?

Some companies don’t necessarily list the entire discount list in a way that’s easy to find, so the list below gives a summary of some of the best known as well as some of the hidden credits that you can use to lower your rates.

• Discounts for Seat Belt Usage – Forcing all vehicle occupants to use a seat belt can save 10% or more off the PIP or medical payment premium.
• Discounts for Safe Drivers – Safe drivers may receive a discount up to 45% on Spark EV coverage compared to rates paid by drivers with frequent claims.
• Onboard Data Collection – Drivers who elect to allow their company to track their driving habits by using a telematic data system such as State Farm’s In-Drive could save a few bucks if they are good drivers.
• Fewer Miles Equal More Savings – Low mileage vehicles may allow you to get cheaper prices.
• Switch and Save Discount – Some car insurance companies give discounts for buying a policy before your current policy expires. You can save around 10% with this discount.
• Senior Citizen Discount – Mature drivers can possibly qualify for a discount up to 10% on Spark EV coverage.
• Theft Prevention Discount – Cars, trucks, and SUVs that have factory anti-theft systems help deter theft and can earn a small discount on your policy.
• E-sign Discounts – Many companies will provide an incentive get insurance coverage online.

Consumers should know that many deductions do not apply to the entire policy premium. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that having all the discounts means you get insurance for free, it doesn’t quite work that way. But all discounts will help lower your car insurance premiums.

To find insurers that offer multiple discounts, follow this link.

When in doubt talk to an agent

When buying the best car insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone’s situation is unique.

For example, these questions might point out whether your personal situation would benefit from professional advice.

• Am I covered when pulling a rental trailer?
• Am I getting all the discounts available?
• How can I force my company to pay a claim?
• Is business property covered if stolen from my car?
• Do I need special endorsements for business use of my vehicle?
• Do I have coverage when using my vehicle for my home business?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with a licensed insurance agent. To find an agent in your area, take a second and complete this form.

Coverage specifics

Understanding the coverages of a auto insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist (UM/UIM) – This provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Chevy Spark EV.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Collision coverage – Collision insurance covers damage to your Spark EV resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like colliding with another moving vehicle, sustaining damage from a pot hole and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for immediate expenses for doctor visits, dental work, funeral costs and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things such as a broken windshield, fire damage, theft, damage from flooding and damage from a tornado or hurricane. 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 it’s not worth carrying full coverage.

Liability insurance – Liability coverage will cover damage that occurs to other’s property or people that is your fault. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability insurance covers claims such as medical services, structural damage, pain and suffering, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Money doesn’t grow on trees

As you go through the steps to switch your coverage, it’s very important that you do not skimp on coverage in order to save money. There are a lot of situations where someone dropped comprehensive coverage or liability limits and discovered at claim time that they should have had better coverage. The goal is to buy enough coverage at the best possible price, but don’t skip important coverages to save money.

Drivers switch companies for many reasons like being labeled a high risk driver, questionable increases in premium, policy non-renewal and even denial of a claim. No matter why you want to switch, finding a great new company is not as difficult as it may seem.

A few companies may not offer online quoting and usually these small, regional companies provide coverage only through independent agents. More affordable car insurance is available from both online companies in addition to local insurance agencies, so you need to compare both to have the best rate selection.

Much more information about car insurance can be found below:

• Side Impact Crash Tests (iihs.org)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Rental Reimbursement Coverage (Allstate)
• Eight Auto Insurance Myths (Insurance Information Insitute)