Shoppers have options when shopping for the lowest priced Chevy Volt insurance. You can either spend your time contacting agents to compare prices or leverage the internet to make rate comparisons. There is a right way and a wrong way to buy insurance and we’ll show you the quickest way to price shop coverage for a new or used Chevy and get the lowest possible price.
It’s a great practice to take a look at other company’s rates yearly because prices are adjusted regularly by insurance companies. Even if you got the lowest price on Volt insurance last year there is a good chance you can find better rates now. There are a lot of ways to save on insurance on the web, but in a few minutes you can learn some tested techniques to put money back in your pocket.
There are multiple methods to shop for car insurance, but one way is easier and takes less work. You could spend your day driving to insurance agencies in your area, or you can stay home and use online quoting to get prices fast.
Many popular insurance companies are enrolled in a marketplace where prospective buyers complete one form, and every company returns a rated price based on that information. This saves time by eliminating quote forms to each individual car insurance company.
To find out what other companies charge click here (opens in new window).
The single downside to using this type of system is that you can’t choose the companies to get pricing from. So if you prefer to choose specific insurance companies to compare rates, we put together a list of car insurance companies in your area. Click to view list.
It’s up to you which method you use, but do your best to enter apples-to-apples coverages for every quote you compare. If you have different liability limits it will be impossible to truly determine the lowest rate.
Not many people think insurance is cheap, but you might find some hidden discounts that you may not know about. Some of these disounts will be visible when you purchase, but lesser-known reductions have to be requested specifically before you get the savings.
A quick disclaimer, some credits don’t apply to your bottom line cost. Some only reduce specific coverage prices like comp or med pay. Even though the math looks like all those discounts means the company will pay you, you won’t be that lucky.
A few popular companies and their possible discounts are outlined below.
Before you buy a policy, ask every company which discounts can lower your rates. Savings may not be available in your area.
When buying adequate coverage for your vehicles, there really is not a perfect coverage plan. Every insured’s situation is different.
These are some specific questions can help discover if your insurance needs may require specific advice.
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, fill out this quick form. It is quick, free and can help protect your family.
Knowing the specifics of insurance helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like X-ray expenses, surgery, doctor visits, hospital visits and ambulance fees. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. It covers all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Comprehensive auto coverage
This covers damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things like rock chips in glass, falling objects, hail damage, damage from a tornado or hurricane and a broken windshield. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage protects you and your vehicle’s occupants 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 Volt.
Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.
This covers damage to your Volt resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things like colliding with another moving vehicle, crashing into a building and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to save money on collision insurance.
Liability auto insurance
Liability coverage protects you from damage that occurs to people or other property. This insurance protects YOU against other people’s claims, and does not provide coverage for 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 policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability can pay for claims like legal defense fees, repair costs for stationary objects and medical expenses. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.