Save on 2014 Chevrolet Volt Car Insurance Cost

Want cheaper insurance coverage rates for your Chevrolet Volt? Trying to find cheaper insurance for a Chevy Volt can turn out to be an all-consuming task, but you can use our insurance coverage buying tips to find lower rates.

There is a better way to compare insurance coverage rates and you need to know the proper way to quote coverages for your Chevy and get the lowest price from local insurance agents and online providers.

Smart consumers take time to compare premium rates quite often because prices go up and down regularly. Despite the fact that you may have had the best price for Volt coverage a couple years back there is a good chance you can find better rate quotes now. Ignore everything you know about insurance coverage because you’re about to learn the fastest way to reduce your cost while increasing coverage.

If you are insured now or are just looking to switch companies, you can use these techniques to find the best rates while maximizing coverage. Locating the cheapest coverage is quite easy. Consumers just need to understand the tricks to compare company rates over the internet.

Pay discount rates these discounts

Some insurance providers don’t always list the entire discount list in an easy-to-find place, so we break down a few of the more common and the harder-to-find credits that may apply to you.

  • Full Payment Discount – If paying your policy premium upfront instead of monthly or quarterly installments you may have a lower total premium amount.
  • Home Ownership Discount – Owning your own home or condo may earn you a small savings because it demonstrates responsibility.
  • Employee of Federal Government – Active or former government employment may reduce rates when you quote insurance coverage for Volt coverage depending on your company.
  • Telematics Data – Insureds who allow their company to look at driving patterns through the use of a telematics system such as State Farm’s In-Drive might see lower rates as long as the data is positive.
  • Life Insurance – Select auto insurance companies reward you with lower premium rates if you buy a life policy as well.
  • Anti-lock Brake Discount – Cars, trucks, and SUVs that have anti-lock braking systems can stop better under adverse conditions and will save you 10% or more.
  • Discount for Passive Restraints – Factory air bags or motorized seat belts may earn rate discounts of 25 to 30%.

A little disclaimer on discounts, many deductions do not apply to the overall cost of the policy. Most cut individual premiums such as physical damage coverage or medical payments. Even though it appears you could get a free auto insurance policy, you aren’t that lucky.

Some of the larger companies that have some of the discounts shown above are:

If you need low cost insurance coverage quotes, ask each insurance company which discounts can lower your rates. Depending on the company, some discounts might not be offered on policies in your state. To view providers who offer online auto insurance quotes, click this link.

Special considerations

When it comes to buying coverage, there really is no cookie cutter policy. Every situation is different.

For instance, these questions might point out if your insurance needs might need professional guidance.

  • Why is insurance for a teen driver so high?
  • How much underlying liability do I need for an umbrella policy?
  • What is the minimum liability in my state?
  • How do I buy GAP insurance?
  • Can I afford low physical damage deductibles?
  • When do I need to add a new car to my policy?
  • If I drive on a suspended license am I covered?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It’s fast, free and can help protect your family.

Is there deception in advertising?

Consumers get pounded daily by advertisements that promise big savings from companies such as Allstate, Geico and Progressive. They all seem to try to convey promises that people will save if you switch your policy.

How can each company save you money? This is the trick they use.

Many companies can use profiling for the type of insured that is profitable for them. For instance, a profitable customer might be described as a married female, has a clean driving record, and drives less than 5,000 miles a year. Any driver that matches those criteria is entitled to the best price and will also cut their rates substantially.

Consumers who do not match these standards will be quoted higher rates which leads to business not being written. The ad wording is “people who switch” but not “all drivers who get quotes” save that much. This is how companies can truthfully claim big savings.

Different companies use different criteria so drivers should compare free insurance coverage quotes often. Because you cannot predict which company will have the best car insurance rates for your profile.

Car insurance coverage considerations

Learning about specific coverages of your policy helps when choosing appropriate coverage for your vehicles. Car insurance terms can be difficult to understand and coverage can change by endorsement.

Liability – This coverage protects you from injuries or damage you cause to a person or their property that is your fault. This coverage protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like structural damage, emergency aid, attorney fees 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 as high a limit as you can afford.

Collision coverages – Collision insurance covers damage to your Volt resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things such as colliding with another moving vehicle, crashing into a building, hitting a mailbox and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as pain medications, EMT expenses and X-ray expenses. They are 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 will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hitting a bird, rock chips in glass, damage from getting keyed, damage from flooding and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Normally these limits are identical to your policy’s liability coverage.

A penny saved is a penny earned

When getting insurance coverage quotes online, it’s a bad idea to sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice liability coverage limits only to regret at claim time that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage at an affordable rate, but don’t skip important coverages to save money.

Drivers change insurance companies for a number of reasons such as lack of trust in their agent, high rates after DUI convictions, delays in responding to claim requests or even not issuing a premium refund. Regardless of your reason, finding a great new company is not as difficult as it may seem.

We covered some good ideas how to get a better price on 2014 Chevy Volt insurance. The key concept to understand is the more you quote insurance coverage, the higher your chance of finding cheaper insurance coverage. You may be surprised to find that the biggest savings come from an unexpected company.

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