View 2016 Chevrolet Volt Car Insurance Rates

Scraping up a payment for expensive Chevrolet Volt insurance can empty your accounts and force you to make sacrifices. Price shopping at each renewal is free, only takes a few minutes, and is a good way to lower your monthly bill.

Consumers have multiple car insurance companies to purchase coverage from, and though it is a good thing to have multiple companies, having more car insurance companies makes it harder to find the lowest rates.

Shop insurance online

Lowering your 2016 Chevy Volt insurance rates can be relatively painless. You just have to invest a little time to compare rate quotes from online providers. This is very easy and can be done by using one of the methods below.

  1. Experts agree that the best way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This style of form eliminates the need for separate quotation requests for each price estimate. Filling out one form gets insurance cost estimates from several companies.
  2. A harder way to shop for insurance online is spending the time to visit the website for every company you want to comare and go through the quote process again. For example, let’s say you want to compare State Farm, Allstate and Travelers. You would have to go to every website and enter your information, which can get old fast.

    For a list of links to insurance companies in your area, click here.

  3. The final method to find lower rates is to waste gas driving to insurance agents’ offices. Comparing online rate quotes eliminates the middleman unless you prefer the advice and guidance only provided by licensed agents. However, consumers can comparison shop your insurance online but purchase the actual policy in an agency.

Whichever way you choose to compare rates, be sure to compare nearly identical coverage information for each comparison quote. If your comparisons have different values for each quote it will be nearly impossible to find the best deal for your Chevy Volt.

Use discounts on auto insurance

Some insurance providers don’t always list all possible discounts in an easy-to-find place, so below is a list some of the more common as well as the least known credits available to you.

  • Buy New and Save – Putting insurance on a new car is cheaper because newer models have to meet stringent safety requirements.
  • Discount for Multiple Policies – If you can bundle your home and auto insurance and insure them with the same company you could earn a discount of at least 10% off all policies.
  • Military Rewards – Having a deployed family member could be rewarded with lower rates.
  • Discounts for Responsible Drivers – Safe drivers could pay up to 40% less on Volt insurance compared to rates paid by drivers with frequent claims.
  • Sign Early and Save – Some companies give discounts for renewing your policy before your current policy expires. You may see this discount when you get insurance coverage quotes online.
  • Homeowners Discount – Just owning your own home can earn you a little savings since owning and maintaining a home requires personal responsibility.

Just know that some of the credits will not apply the the whole policy. Most only cut specific coverage prices like medical payments or collision. Even though it may seem like it’s possible to get free car insurance, you aren’t that lucky.

A list of companies and a partial list of their discounts include:

  • State Farm includes discounts for Steer Clear safe driver discount, safe vehicle, good student, multiple autos, multiple policy, and defensive driving training.
  • American Family may have discounts that include good student, TimeAway discount, accident-free, mySafetyValet, and multi-vehicle.
  • AAA discounts include education and occupation, anti-theft, good student, multi-policy, multi-car, and pay-in-full.
  • GEICO may include discounts for anti-theft, five-year accident-free, air bags, driver training, membership and employees, and multi-vehicle.
  • Mercury Insurance policyholders can earn discounts including age of vehicle, ease of repair, professional/association, anti-theft, accident-free, and multi-policy.
  • Farmers Insurance has discounts for pay in full, homeowner, distant student, mature driver, early shopping, electronic funds transfer, and switch companies.
  • Progressive offers discounts for online signing, multi-vehicle, good student, continuous coverage, online quote discount, multi-policy, and homeowner.

It’s a good idea to ask every prospective company which discounts can lower your rates. Some credits might not be offered in every state. To view providers that have a full spectrum of discounts, click here.

Tailor your insurance coverage to you

When buying the right insurance coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help highlight if your insurance needs will benefit from professional help.

  • How does medical payments coverage work?
  • Does my car insurance cover rental cars?
  • Do I need replacement cost coverage?
  • Can I rent a car in Mexico?
  • Does car insurance cover theft of personal property?
  • What discounts do I qualify for?
  • Will my insurance pay for OEM parts?

If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Chevy Volt insurance price factors

Consumers need to have an understanding of a few of the rating criteria that go into determining your policy premiums. When consumers understand what determines premiums, this allows you to make good choices that could result in lower premium levels. Lots of factors are part of the calculation when pricing auto insurance. Some of the criteria are obvious such as your driving history, but some are more obscure such as your credit history or your vehicle rating.

The itemized list below are some of the factors car insurance companies consider when setting your rate level.

  • Tickets and citations cost more than a fine – Having a single driving citation may cause rates to rise twenty percent or more. Drivers with clean records have lower premiums than their less careful counterparts. Drivers unfortunate enough to have serious violations like hit and run, DWI or reckless driving convictions might be required by their state to complete a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
  • Long commutes cost more – The more you drive your Chevy in a year the higher your rates will be. Most insurance companies rate vehicles based upon how you use the vehicle. Vehicles not used for work or commuting receive better premium rates than vehicles that have high annual mileage. Having an incorrect usage rating on your Volt may be wasting your money. It’s a good idea to make sure your policy properly reflects the right rating data.
  • Is your vehicle theft-ready? – Driving a car with advanced anti-theft systems can earn a premium discount. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop your vehicle from being stolen.
  • Expect high rates for teens – Young drivers are known to be more careless when driving with friends and because of this, their car insurance rates are much higher. Older drivers tend to be more responsible, cause fewer claims and accidents , and are generally more financially stable.
  • Liability insurance risk factors in – The liability coverage on your policy kicks in when a court rules you are at fault for damages from an accident. Liability provides you with a defense in court which can cost thousands of dollars. It is affordable coverage as compared to coverage for physical damage, so drivers should carry high limits.
  • Credit rating impacts premium costs – A driver’s credit rating can be an important factor in your rate calculation. Consumers who have excellent credit tend to be better risks to insure than drivers who have lower ratings. So if your credit history can use some improvement, you could be paying less to insure your 2016 Chevrolet Volt by improving your rating.
  • Drive a safer car and pay less – Vehicles with good safety scores tend to be cheaper to insure. These vehicles have better occupant injury protection and better occupant protection means less money paid by your insurance company and thus lower rates.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t ignore all the ads that claim the best premium rates by State Farm, Allstate and GEICO. All the companies tend to make the same promise that people will save just by switching your car insurance policy to them.

That’s great but how can every company charge you less for auto insurance? This is the way they can do it.

Companies offer their best rates for the type of driver that will not have excessive claims. For example, a profitable risk profile could possibly be a married female, owns their home, and drives a safe vehicle. Someone who meets those qualifications will get a cheap rate quote and as a result will probably cut their rates if they switch.

Consumers who fall short of the requirements will be charged a higher rate which translates to the customer buying from someone else. If you listen to the ad wording, they say “customers who switch” not “everybody who quotes” save that kind of money. That is how companies can make claims that they all have the best prices. This really illustrates why you should do a rate comparison at every renewal. It’s just not possible to know which insurance companies will fit you best based on your risk profile.

Learn about auto insurance coverages for a Chevy Volt

Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most auto insurance policies.

Medical payments coverage and PIP

Med pay and PIP coverage pay for immediate expenses like rehabilitation expenses, chiropractic care, hospital visits and funeral costs. They are often utilized in addition to your health insurance plan or if you do not have health coverage. It covers you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay

Collision coverage

This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims such as damaging your car on a curb, sustaining damage from a pot hole, sideswiping another vehicle, colliding with a tree and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chevy Volt.

Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

Liability coverages

This coverage will cover injuries or damage you cause to a person or their property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.

Liability can pay for things such as funeral expenses, bail bonds and attorney fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase higher limits if possible.

Comprehensive coverage

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers things like hitting a deer, damage from flooding and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Best coverage at the best price

When trying to cut insurance costs, do not sacrifice coverage to reduce premiums. In many cases, an insured dropped uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.

In this article, we presented quite a bit of information on how to reduce 2016 Chevy Volt insurance car insurance rates online. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. Drivers may discover the lowest priced insurance coverage comes from some of the smallest insurance companies. They may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.

More tips and info about insurance coverage is located in the articles below: