Lower Your 2013 Chevrolet Volt Car Insurance Cost

Searching for the cheapest auto insurance rates for your Chevrolet Volt? Have you had enough of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as millions of other consumers.

Having so many choices, it can be impossible to locate the lowest cost company.

Discounts are great for lower rates

Car insurance is not cheap, but there are discounts available to reduce the price significantly. Certain discounts will be triggered automatically at quote time, but lesser-known reductions have to be asked for prior to getting the savings.

  • Fewer Miles Equal More Savings – Fewer annual miles on your Chevy could qualify for a substantially lower rate.
  • Theft Prevention Discount – Anti-theft and alarm systems help deter theft and will save you 10% or more.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to take driver’s ed class in school.
  • Seat Belts Save – Using a seat belt and requiring all passengers to use a seat belt could save 15% off the personal injury premium cost.
  • E-sign – Certain companies may give you up to $50 just for signing your application on their website.

Consumers should know that most discounts do not apply to the entire policy premium. Most only cut individual premiums such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, insurance coverage companies aren’t that generous. Any qualifying discounts will reduce the amount you have to pay.

For a list of companies offering insurance coverage discounts, click here.

Elements that influence Chevy Volt insurance rates

Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for insurance coverage. Knowing what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

The list below includes some of the items that factor into your rates.

  • Better crash test results mean better rates – Safer cars tend to have better insurance rates. These vehicles protect occupants better and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders. If the Chevy Volt has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
  • Don’t cancel a policy without a new one in place – Letting your insurance expire will be a quick way to bump up your insurance coverage costs. Not only will you pay more, getting caught without coverage may earn you a license revocation or jail time.
  • Increase deductibles and save – The deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Physical damage insurance, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims could be colliding with a building, vandalism, and burglary. The more you’re willing to pay, the less your company will charge you for insurance for Volt insurance.
  • Your location is important – Choosing to live in a small town can be a good thing when it comes to insurance coverage. Urban drivers have to deal with much more traffic and longer commute times. Fewer drivers means fewer accidents as well as less vandalism and auto theft.
  • More miles equals more premium – The more miles you rack up on your Chevy in a year’s time the more you will pay for insurance coverage. Most companies rate vehicles determined by how the vehicle is used. Cars used primarily for pleasure use get more affordable rates compared to those used for work or business. If your policy improperly rates your Volt can cost quite a bit. Double check that your insurance coverage policy is rated on how each vehicle is driven.
  • Marriage pays dividends – Getting married actually saves money on insurance coverage. Having a spouse usually means you are more responsible and statistics show being married results in fewer claims.

You may need specialized coverage

When choosing coverage, there isn’t really a one size fits all plan. Every situation is different so your insurance should reflect that Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Do I need PIP coverage since I have good health insurance?
  • Does my medical payments coverage pay my health insurance deductible?
  • Who is covered by my policy?
  • Is my 2013 Chevy Volt covered for smoke damage?
  • How much liability do I need to cover my assets?
  • Which companies will insure high-risk drivers?
  • Are my friends covered when driving my 2013 Chevy Volt?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance coverages

Understanding the coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.

Comprehensive insurance

This covers damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, damage from getting keyed, damage from a tornado or hurricane and theft. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverage

Liability coverage can cover damages or injuries you inflict on other people or property. It protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as court costs, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 2013 Chevy Volt.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time these coverages are set the same as your liablity limits.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as rehabilitation expenses, pain medications, ambulance fees and prosthetic devices. They are used in conjunction with a health insurance plan or if you do not have health coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage will pay to fix damage to your Volt resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as damaging your car on a curb, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to save money on collision insurance.

You can do this!

Cost effective 2013 Chevy Volt insurance is possible on the web and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis. A few companies may not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

When shopping online for insurance, you should never buy less coverage just to save a little money. There are too many instances where someone sacrificed collision coverage and discovered at claim time they didn’t have enough coverage. Your goal should be to buy a smart amount of coverage for the lowest price.

For more information, take a look at the following helpful articles: