How Much Does 2016 Chevrolet Spark EV Insurance Cost?

Looking for lower insurance rates for your Chevrolet Spark EV? Finding low-cost insurance for a new or used Chevy Spark EV can turn out to be a lot of work, but you can use these tips to make it easier.

There is a better way to buy insurance and we’ll show you the proper way to compare rates for a Chevy and locate the best price possible from local insurance agents and online providers.

If you are insured now or need a new policy, you can use these tips to reduce the price you pay while maximizing coverage. Finding the best protection is simple if you know the tricks. Vehicle owners only need to know the most effective way to compare rates online.

Why you might pay inflated rates

Smart consumers have a good feel for the different types of things that aid in calculating the rates you pay for insurance coverage. If you know what determines premiums, this allows you to make educated decisions that could help you find cheaper rates.

The list below includes a few of the “ingredients” used by your company to calculate your prices.

  • Higher prices for policy lapses – Driving with no insurance can get you a ticket and you may have a hard time finding new coverage because you let your insurance lapse for non-payment. And not only will insurance be more expensive, failure to provide proof of insurance may earn you a license revocation or jail time. You will then be forced to provide proof of insurance in the form of an SR-22 filing with your state department of motor vehicles.
  • Insurance rates for married couples – Having a spouse may earn you lower rates on your insurance coverage bill. Having a spouse generally demonstrates drivers are more mature than a single person and statistics prove married drivers tend to file fewer claims.
  • Don’t get traffic citations – How you drive impacts your car insurance rates tremendously. Having a single chargable violation can bump up the cost twenty percent or more. Careful drivers pay lower auto insurance prices than people who have multiple driving citations. Drivers who have multiple tickets such as reckless driving or DUI may need to complete a SR-22 with their state DMV in order to prevent a license revocation.
  • Optional features impact prices – Purchasing a vehicle with an alarm system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder car theft and help bring rates down.
  • Insurance is expensive for teenage drivers – More mature drivers are proven to be safer behind the wheel, cause fewer claims and accidents .Youthful drivers are known to be inattentive and easily distracted when driving with friends therefore insurance coverage rates are much higher.
  • Pleasure use or commuting – The higher the mileage driven in a year the higher your rates will be. A lot of insurance companies price each vehicle’s coverage based upon how the vehicle is primarily used. Vehicles not used for work or commuting can be on a lower rate level than vehicles that have high annual mileage. Improper usage on your Spark EV can cost quite a bit. Make sure your insurance coverage declarations sheet shows the correct usage.

How to get the cheapest insurance coverage

All the larger insurance coverage companies like Progressive, Geico, Allstate and State Farm give price estimates directly from their websites. Doing online quotes is quite easy because it’s just a matter of typing in your coverage information into the form. Once you submit the form, the company’s rating system sends out for your driving and credit reports and quotes a price based on these and other factors.

Quoting online makes it a lot easier to compare rates but the time it takes to visit a lot of sites and type in your information is not the best way to spend an afternoon. But it’s absolutely necessary to have as many quotes as possible in order to get the best price on insurance coverage.

Compare rates the easy way

The quickest way to find cheaper rates makes use of a single form to get prices from more than one company. This type of form saves time, requires much less work on your part, and makes online quotes much more enjoyable and efficient. Once the form is submitted, it is rated and you are able to buy any one of the quote results.

If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. It takes just a few minutes to complete and you will find out if you’re overpaying now.

To get comparison pricing now, click here to open in a new tab and submit the form. If you have a policy now, it’s recommended you type in the coverages exactly as they are listed on your policy. Doing this assures you will be getting rate quotes using the exact same coverages.

Auto insurance in the media

Drivers can’t ignore all the ads that claim the cheapest car insurance rates by companies like Progressive, Geico, Allstate and State Farm. They all say the same thing about how much you will save if you change to them.

It sounds good, but how can they all cost less than your current company? Just pay attention to how they say it.

All the different companies give the best rates for a prospective insured that will add to their bottom line. For example, this type of insured could possibly be married and over the age of 30, has no tickets, and drives newer vehicles. A customer who fits those characteristics gets the lowest prices and therefore will pay quite a bit less when switching companies.

Insureds who fall short of the ideal profile must pay a more expensive rate and this can result in the customer not buying. Company advertisements say “drivers that switch” not “all people who quote” save the amount stated. That is how insurance companies can advertise the savings.

Because each company has a different risk profile, you really need to do a rate comparison at every renewal. It’s not possible to predict which insurance companies will have the best rates for your profile.

Lower rate quotes by taking advantage of discounts

Car insurance is neither fun to buy or cheap, but there could be available discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied at the time of quoting, but some discounts are required to be inquired about before you will receive the discount. If you do not double check each discount you qualify for, you may be paying too high a price.

  • Good Student – Maintaining excellent grades can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
  • Early Payment Discounts – If paying your policy premium upfront as opposed to paying monthly you could save 5% or more.
  • Discounts for Federal Employees – Having worked for a branch of the government could qualify for a slight premium decrease on Spark EV insurance with a few car insurance companies.
  • Accident Forgiveness Coverage – This one isn’t a discount, but a handful of insurance companies may permit one accident before hitting you with a surcharge as long as you don’t have any claims for a particular time prior to the accident.
  • Passive Restraints – Factory air bags or automatic seat belts can receive discounts of 25 to 30%.
  • ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems can avoid accidents and will save you 10% or more.

Policy discounts save money, but most of the big mark downs will not be given to the entire policy premium. A few only apply to specific coverage prices like liability, collision or medical payments. Despite the appearance that adding up those discounts means a free policy, company stockholders wouldn’t be very happy.

A list of companies and some of their more popular discounts are shown below.

  • Progressive may include discounts for multi-policy, homeowner, continuous coverage, online signing, online quote discount, multi-vehicle, and good student.
  • Geico offers premium reductions for five-year accident-free, good student, anti-theft, anti-lock brakes, air bags, and multi-policy.
  • State Farm may offer discounts for accident-free, good student, good driver, driver’s education, Drive Safe & Save, anti-theft, and Steer Clear safe driver discount.
  • Esurance includes discounts for safety device, DriveSense, good driver, claim free, anti-theft, and multi-car.
  • The Hartford offers discounts for defensive driver, anti-theft, good student, bundle, air bag, driver training, and vehicle fuel type.

Check with every company how you can save money. All car insurance discounts may not apply in your state. If you would like to choose from a list of insurance companies with discount car insurance rates, click this link.

How much car insurance do I need?

When it comes to choosing coverage for your vehicles, there really is not a single plan that fits everyone. Every insured’s situation is different.

These are some specific questions might point out if your insurance needs might need an agent’s assistance.

  • Does my medical payments coverage pay my health insurance deductible?
  • How do I file an SR-22 for a DUI in my state?
  • Is my teen driver covered when they drive my company car?
  • Are all vehicle passengers covered by medical payments coverage?
  • Do I have coverage when using my vehicle for my home business?
  • Are split liability limits better than a combined single limit?

If you can’t answer these questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form. It only takes a few minutes and may give you better protection.

Parts of your car insurance policy

Understanding the coverages of car insurance aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, vandalism and hitting a bird. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses like nursing services, EMT expenses, rehabilitation expenses, ambulance fees and surgery. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants as well as 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

Collision – This will pay to fix damage to your Spark EV caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like hitting a parking meter, backing into a parked car, colliding with a tree, sideswiping another vehicle and crashing into a building. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and damage to your Chevy Spark EV.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Liability auto insurance – This will cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as court costs, structural damage and bail bonds. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.

Compare but don’t skimp

We just presented a lot of information how to lower your 2016 Chevy Spark EV insurance rates. The key thing to remember is the more times you quote, the better your chances of lowering your auto insurance rates. You may even discover the lowest priced car insurance comes from the smaller companies.

While you’re price shopping online, it’s a bad idea to buy poor coverage just to save money. There are too many instances where consumers will sacrifice liability limits or collision coverage and learned later they didn’t have enough coverage. The goal is to buy a smart amount of coverage at the best possible price, not the least amount of coverage.

People switch companies for many reasons like questionable increases in premium, delays in paying claims, lack of trust in their agent or even unfair underwriting practices. Regardless of your reason for switching companies, finding a new car insurance company is pretty simple and you could end up saving a buck or two.

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