2017 Chevrolet Volt Insurance Quotes – 5 Tips for Cheaper Rates

Searching for lower auto insurance rates for your Chevrolet Volt? Are you regretting the purchase of high-priced auto insurance? Don’t sweat it because there are a lot of people just like you who feel imprisoned by their auto insurance policy. Companies like Progressive, Geico and Farmers Insurance increase brand awareness with fancy advertisements and it is challenging if not impossible to sift through the bull and take the time to shop coverage around.

Smart consumers take time to get comparison quotes on a regular basis because insurance rates change frequently. Even if you got the best premium rates for Volt insurance a year ago you may be paying too much now. You can find a lot of misleading information regarding auto insurance online but I’m going to show you some solid techniques on how to reduce your auto insurance bill.

You may qualify for discounts

Auto insurance is not an enjoyable expense, but you might find some hidden discounts to help offset the cost. Many discounts should be triggered when you purchase, but a few need to be asked for before they will apply. If you check and find you aren’t receiving every discount possible, you are just wasting money.

• Driver’s Education for Students – It’s a good idea to have your young drivers sucessfully take a drivers education course in school.
• Telematics Devices – Drivers who agree to allow companies to study driving habits by using a telematics device in their vehicle like In-Drive from State Farm and Progressive’s Snapshot may get a rate reduction if they are good drivers.
• Student Discounts – Performing well in school may save you up to 25%. Earning this discount can benefit you well after school through age 25.
• Save with a New Car – Putting coverage on a new car is cheaper compared to insuring an older model.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle their seat belts may be able to save a few bucks off the PIP or medical payment premium.

One last thing about discounts, most of the big mark downs will not be given the the whole policy. A few only apply to individual premiums such as liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, it doesn’t quite work that way.

Companies and a summarized list of policyholder discounts are outlined below.

• Progressive offers premium reductions for multi-policy, online quote discount, good student, continuous coverage, multi-vehicle, homeowner, and online signing.
• Farmers Insurance has discounts for homeowner, business and professional, switch companies, early shopping, good student, youthful driver, and mature driver.
• Farm Bureau offers discounts for multi-vehicle, good student, safe driver, driver training, 55 and retired, multi-policy, and renewal discount.
• State Farm has savings for student away at school, passive restraint, Drive Safe & Save, anti-theft, and safe vehicle.
• Geico offers discounts including emergency military deployment, five-year accident-free, multi-policy, multi-vehicle, and air bags.
• SAFECO policyholders can earn discounts including teen safety rewards, anti-theft, anti-lock brakes, homeowner, bundle discounts, and safe driver.
• Liberty Mutual includes discounts for new vehicle discount, multi-car, good student, newly married, hybrid vehicle, and exclusive group savings.

It’s a good idea to ask every prospective company the best way to save money. Savings might not be available to policyholders in your area.

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How to compare auto insurance price quotes

There are multiple methods you can shop for auto insurance and some are easier and takes less work. You can waste a lot of time driving to insurance companies in your area, or you could use the web to get rate comparisons in just a few minutes.

Many popular insurance companies enroll in a system where insurance shoppers submit one quote, and every company returns a rated price based on the submitted data. This system prevents you from having to do quote requests to every company. To access this free quoting program, click here to start a free quote.

The single downside to comparing rates this way is you can’t choose which providers you want to price. So if you prefer to choose from a list of companies to compare, we have a listing of low cost auto insurance companies in your area. View list of insurance companies.

The method you choose is up to you, but make sure you compare identical quote information on every quote you get. If you use different limits and deductibles on each one it will be very difficult to get a fair rate comparison.

There’s no such thing as the perfect insurance coverage policy

When it comes to choosing proper insurance coverage, there really is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if you could use an agent’s help.

• Where can I find DUI or SR-22 insurance?
• What are the best liability limits?
• Does my policy pay for OEM or aftermarket parts?
• Am I covered when driving a rental car?
• What is no-fault insurance?
• Am I covered if I wreck a rental car?
• Is my cargo covered for damage or theft?
• Should I buy only the required minimum liability coverage?
• Is my trailer covered?

If you’re not sure about those questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It only takes a few minutes and you can get the answers you need.

Specific coverage details

Learning about specific coverages of your policy helps when choosing which coverages you need and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages available from car insurance companies.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for expenses for ambulance fees, pain medications, chiropractic care and EMT expenses. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Volt.

Because many people 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 very important. Most of the time these coverages are similar to your liability insurance amounts.

Auto liability

Liability coverage protects you from damage that occurs to other people or property in an accident. It protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers things such as funeral expenses, repair costs for stationary objects, loss of income and medical services. How much coverage you buy is a personal decision, but buy higher limits if possible.

Collision coverage

Collision insurance will pay to fix damage to your Volt resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as hitting a mailbox, colliding with a tree and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to bring the cost down.

Comprehensive auto coverage

This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as theft, damage from flooding and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

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Pennies from heaven

In this article, we covered a lot of tips how to get a better price on 2017 Chevy Volt insurance. The key thing to remember is the more you quote car insurance, the more likely it is that you will get a better rate. You may even find the lowest premium rates are with a lesser-known regional company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Progressive or Geico.

As you shop your coverage around, don’t be tempted to buy poor coverage just to save money. There have been many situations where consumers will sacrifice uninsured motorist or liability limits and found out when filing a claim that it was a big mistake. Your strategy should be to find the BEST coverage for the lowest cost, but don’t skip important coverages to save money.

Additional auto insurance information can be found at the links below

• Rental Reimbursement Coverage (Allstate)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Older Drivers FAQ (iihs.org)

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