2012 Chevrolet Volt Insurance Cost – 7 Ideas for Cheapest Prices

Shoppers have a choice when shopping for low-cost Chevy Volt insurance. They can either waste time driving around trying to get quotes or use the internet to compare rates.

There are more efficient ways to compare insurance coverage rates and we’ll show you the absolute fastest way to price shop coverage on a Chevy and find the best price possible from both online companies and local agents.

Cheaper car insurance quotes with discounts

Car insurance is expensive, but you might find some hidden discounts that can drop the cost substantially. Certain discounts will be applied at the time you complete a quote, but a few must be asked about before you will receive the discount.

• Active Military Service – Having a family member in the military could be rewarded with lower prices.
• Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can stop better under adverse conditions so you can save 10 percent or more.
• Anti-theft Discount – Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and will save you 10% or more.
• Claim-Free Discount – Claim-free drivers are rewarded with significantly better rates on auto insurance quote when compared to drivers with a long claim history.
• Bundle and Save – When you have multiple policies with one insurance company you could save approximately 10% to 15%.
• Defensive Driver Discount – Successfully completing a course teaching defensive driver skills could possibly earn you a 5% discount and also improve your driving technique.
• Discounts for Federal Employees – Being employed by or retired from a federal job could provide a small rate reduction for Volt insurance depending on your company.

It’s important to understand that some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. If you do the math and it seems like it’s possible to get free car insurance, you aren’t that lucky.

Large car insurance companies and their offered discounts are shown below.

• American Family has savings for defensive driver, bundled insurance, Steer into Savings, good driver, good student, multi-vehicle, and air bags.
• Nationwide includes discounts for easy pay, defensive driving, business or organization, multi-policy, and family plan.
• MetLife may offer discounts for good driver, accident-free, good student, defensive driver, claim-free, multi-policy
• 21st Century may include discounts for teen driver, homeowners, good student, driver training, and air bags.
• Farmers Insurance may have discounts that include distant student, teen driver, alternative fuel, electronic funds transfer, early shopping, switch companies, and mature driver.
• Allstate offers discounts for defensive driver, FullPay discount, good student, eSmart discount, and new car.

When getting a coverage quote, ask every prospective company to give you their best rates. A few discounts might not apply in your area. To see companies that can offer you the previously mentioned discounts, follow this link.

Big names are not always cheapest

Consumers can’t get away from all the ads that promise big savings for switching from the likes of State Farm, Allstate and Geico. All the companies have a common claim about how much you will save after switching your policy.

How can each company give you a better price? This is how they do it.

Insurance companies offer their best rates for the type of driver that earns them a profit. For instance, this type of insured may be between the ages of 40 and 55, has few claims, and drives less than 5,000 miles a year. Someone who fits that profile will probably get cheap prices and will most likely pay quite a bit less when switching companies.

Insureds who don’t qualify for the requirements will be charged a more expensive rate which leads to the driver buying from a lower-cost company. The trick is to say “drivers that switch” not “everyone that quotes” can save as much as they claim. That is how insurance companies can make the claims of big savings.

Because of these techniques, drivers must compare free auto insurance quotes often. It’s just not possible to know which company will fit you best based on your risk profile.

Tailor your car insurance coverage to you

When it comes to buying the right insurance coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different.

For instance, these questions can aid in determining if your situation might need professional guidance.

• Does coverage extend to my business vehicle?
• Is a fancy paint job covered?
• Do I need added coverage for expensive stereo equipment?
• Will filing a claim cost me more?
• What happens if I owe more than my 2012 Chevy Volt is worth?
• Do I have coverage when using my vehicle for my home business?
• What is PIP insurance?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and may give you better protection.

Coverage specifics

Learning about specific coverages of your insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Liability car insurance

Liability coverage provides protection from damage that occurs to people or other property that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that means you have a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage pays for claims like pain and suffering, structural damage, medical services and bail bonds. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Collision insurance

Collision insurance will pay to fix damage to your Volt caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as colliding with another moving vehicle, sideswiping another vehicle, hitting a mailbox and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things like a tree branch falling on your vehicle, rock chips in glass, damage from flooding and damage from a tornado or hurricane. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage provide coverage for immediate expenses for things like funeral costs, doctor visits, nursing services and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as damage to your Chevy Volt.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

And the best car insurance company is…

We just showed you many ideas to shop for 2012 Chevy Volt insurance online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding the cheapest auto insurance. Consumers could even find that the most savings is with a company that doesn’t do a lot of advertising.

Budget-friendly insurance coverage can be purchased from both online companies as well as from independent agents, and you need to price shop both in order to have the best price selection to choose from. A few companies may not provide rates over the internet and many times these smaller companies sell through local independent agencies.

While you’re price shopping online, it’s very important that you do not reduce needed coverages to save money. In many instances, an accident victim reduced physical damage coverage only to regret that it was a big error on their part. The goal is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

More tips and info about insurance coverage can be read at these sites:

• What is Covered by GAP Insurance? (Allstate)
• Event Data Recorders FAQ (iihs.org)
• Rental Car Insurance Tips (Insurance Information Insitute)
• No-Fault Auto Insurance Statistics (Insurance Information Insitute)
• Determing Auto Insurance Rates (Geico)
• What is Full Coverage? (Allstate)