Save on 2015 Chevrolet Spark EV Insurance Rates

Want lower auto insurance rates for your Chevrolet Spark EV? Did a good deal turn into an underperforming, overpriced auto insurance policy? Trust us when we tell you many consumers are in the same pinch.

People have so many car insurance companies to buy insurance from, and although it’s a good thing to have a choice, too many choices makes it more difficult to compare rates and find the lowest cost auto insurance.

It’s a good idea to compare rates before your policy renews because insurance prices are adjusted regularly by insurance companies. Even if you think you had the best deal on Spark EV coverage a few years ago you will most likely find a better rate today. There are a lot of ways to save on auto insurance on the internet, but in just a couple of minutes you can learn some great ways to quit paying high auto insurance rates.

Learn how to lower your insurance costs

Lots of things are used when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but some are more obscure like your continuous coverage or your vehicle rating.

The items below are a partial list of the pieces that factor into rates.

  • Insurance rates and driver gender – Statistics demonstrate that women are safer drivers than men. Now that doesn’t mean women are better drivers. They both cause accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also get more serious tickets like DWI (DUI) or reckless driving.
  • Annual miles is a factor – The more you drive each year the higher your rates will be. Most companies rate vehicles partially by how you use the vehicle. Autos that have low annual miles can be on a lower rate level than vehicles that have high annual mileage. Double check that your insurance policy is rated on the correct usage, because it can save money. A policy that improperly rates your Spark EV may be costing you higher rates.
  • Deter theft and pay less – Driving a car that has a built-in theft deterrent system can help bring down rates. Anti-theft features like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all aid in stopping car theft and help bring rates down.
  • Tickets inflate costs – Your driving record influences premium rates substantially. Having just one speeding ticket can boost insurance rates by as much as thirty percent. Good drivers have lower premiums than their less careful counterparts. Drivers who have careless citations like hit and run, DWI or reckless driving convictions may be required to prove financial responsibility with their state DMV in order to legally drive.
  • Liability coverage preserves assets – Liability insurance will provide protection if you are found liable for causing personal injury or damage in an accident. Liability provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
  • Claim-free discounts can add up – Insurance companies generally give better rates to drivers who are claim-free. If you are a frequent claim filer, you can expect much higher rates or policy non-renewal. Insurance coverage is intended to be relied upon for larger claims.
  • Lower premiums for cars with good safety ratings – Vehicles with good safety scores cost less to insure. Safe vehicles result in less severe injuries and fewer injuries translates directly to fewer claims passed on to you as lower rates. If your Chevy is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.

You may qualify for discounts

Insurance can cost an arm and a leg, but discounts can save money and there are some available to reduce the price significantly. Many discounts should be triggered when you complete an application, but some must be inquired about in order for you to get them. If you are not receiving all the discounts possible, you could be getting lower rates.

  • Multi-car Discount – Buying a policy with all your vehicles on one policy can get a discount for every vehicle.
  • Seat Belts Save – Using a seat belt and requiring all passengers to buckle up before driving can save a little off PIP or medical payments premium.
  • Defensive Driver – Taking time to complete a course in defensive driver could cut 5% off your bill and easily recoup the cost of the course.
  • Life Insurance – Select insurance companies reward you with a lower price if you buy auto and life insurance together.
  • Telematics Devices – Policyholders that allow companies to analyze driving manner by using a telematic data system like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if they exhibit good driving behavior.
  • Pay Early and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid the installment charge.
  • Good Grades Discount – Performing well in school can get you a discount of up to 25%. You can use this discount normally up until you turn 25.
  • Employee of Federal Government – Active or former government employment can earn a discount up to 10% on Spark EV coverage with some insurance coverage companies.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if offered at their school.

Discounts save money, but please remember that most credits do not apply to the overall cost of the policy. Most only reduce individual premiums such as liability, collision or medical payments. So when the math indicates all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will positively reduce your overall premium however.

Companies that may offer some of the discounts shown above include:

Check with each insurance company the best way to save money. Some of the earlier mentioned discounts may not be available everywhere. If you would like to see a list of insurers who offer online insurance coverage quotes, click here.

Big brands don’t always mean big savings

Popular insurance coverage providers such as Progressive, Geico, Allstate and State Farm consistently run television, radio, and online ads. They all seem to try to convey promises that drivers will save a bundle just by switching your policy. How does every insurance coverage company lower your rates? This is the way they can do it.

Insurance companies have a preferred profile for the right customer that earns them the most money. An example of a profitable risk profile could be over the age of 45, has a clean driving record, and has a high credit rating. Anybody who matches that profile will most likely get cheap premium rates and will save some money.

Potential customers who don’t measure up to these standards will probably be forced to pay a more expensive rate which usually ends up with the customer not purchasing. The trick companies use is to say “drivers who switch” not “everybody who quotes” can get the lowest rates when switching. That is how companies can make those claims. This really illustrates why you really need to get car insurance quotes from several different companies. It’s not possible to predict with any certainty which company will have the lowest rates.

There’s no such thing as the perfect insurance policy

When buying the best insurance coverage for your vehicles, there really is no one size fits all plan. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions may help you determine whether you might need an agent’s assistance.

  • What if I owe more than I can insure my car for?
  • How does medical payments coverage work?
  • Should I have a commercial auto policy?
  • How many claims can I have before being cancelled?
  • How much underlying liability do I need for an umbrella policy?
  • What is an SR-22 filing?
  • Does my medical payments coverage pay my health insurance deductible?
  • Is my vehicle covered by my employer’s policy when using it for work?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area.

Insurance policy coverages for a 2015 Chevy Spark EV

Knowing the specifics of your insurance policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are the normal coverages offered by insurance companies.

Uninsured and underinsured coverage – Your UM/UIM coverage provides protection when other motorists either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as damage to your Chevy Spark EV.

Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.

Coverage for liability – This coverage will cover damages or injuries you inflict on other’s property or people by causing an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage pays for claims like emergency aid, legal defense fees, loss of income, medical services and pain and suffering. How much coverage you buy is a decision to put some thought into, but buy as large an amount as possible.

Collision coverages – This pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as colliding with a tree, sustaining damage from a pot hole, colliding with another moving vehicle, sideswiping another vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for nursing services, surgery, pain medications and X-ray expenses. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive coverages – This covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as falling objects, damage from flooding, a tree branch falling on your vehicle and hitting a deer. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

What is YOUR best insurance company?

The cheapest 2015 Chevy Spark EV insurance is available from both online companies and from local insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some companies do not provide rate quotes online and many times these regional carriers only sell through independent agents.

We covered a lot of techniques to reduce 2015 Chevy Spark EV insurance rates online. The most important thing to understand is the more companies you get auto insurance rates for, the higher your chance of finding low cost car insurance. Consumers may even find the best rates are with a small mutual company. Regional companies can often provide lower auto insurance rates in certain areas compared to the large companies like Allstate or State Farm.

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