Searching for lower auto insurance rates for your Chevrolet Bolt EV? Locating low-cost insurance for a new or used Chevy Bolt EV can be a painful process, but you can learn a few tricks to save time. There are both good and bad ways to shop for auto insurance so you’re going to learn the best way to compare rates for a new or used Chevy and locate the lowest possible price either online or from local insurance agents.
It’s a great practice to do rate comparisons periodically because prices trend upward over time. Just because you had the lowest quotes for Bolt EV coverage on your last policy you can probably find a lower rate today. Block out anything you think you know about auto insurance because we’re going to demonstrate the fastest and easiest way to lower your rates without sacrificing coverage.
Finding affordable coverage is not rocket science. If you have a policy now or are shopping for new coverage, you can use these tips to find the best rates and still get good coverage. Drivers just need to understand how to shop online.
Companies that sell car insurance don’t necessarily list the complete list of policy discounts in an easy-to-find place, so we researched both the well known in addition to some of the lesser obvious discounts that may be available.
We need to note that some of the credits will not apply to the overall cost of the policy. Most only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, you aren’t that lucky.
A list of companies and some of the discounts are:
When getting a coverage quote, ask each company or agent which discounts they offer. Some of the discounts discussed earlier may not apply to policyholders everywhere. For a list of auto insurance companies with discount auto insurance rates, click this link.
When buying adequate coverage, there isn’t really a best way to insure your cars. Everyone’s situation is unique.
For instance, these questions may help you determine whether or not you might need professional guidance.
If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.
Consumers can’t ignore all the ads that claim the cheapest premium rates from the likes of State Farm, GEICO and Progressive. They all seem to make the promise that you can save if you just switch your policy.
But how can every company make almost identical claims? It’s all in the numbers.
Auto insurance companies require specific criteria for the type of insured that will most likely be profitable. For example, a desirable risk could be between the ages of 40 and 55, carries high limits, and drives a car with an anti-theft system. Any person that fits those parameters receive the lowest rate quotes and will most likely save money with a new company.
Insureds who fall short of the requirements will have to pay higher premiums and ends up with the customer buying from someone else. If you listen closely, the ads state “customers that switch” not “all people who quote” save that much. That’s the way companies can make the claims of big savings. This really emphasizes why it is so important to compare free auto insurance quotes often. Because you cannot predict which auto insurance company will have better rates than you’re paying now.
Understanding the coverages of insurance aids in choosing the right coverages for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance provide coverage for expenses for nursing services, X-ray expenses, hospital visits, ambulance fees and EMT expenses. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Collision coverage pays for damage to your Bolt EV resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as crashing into a ditch, hitting a mailbox, crashing into a building and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also increase the deductible to bring the cost down.
Coverage for uninsured or underinsured drivers
This coverage provides protection when other motorists either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.
Coverage for liability
This coverage can cover damage or injury you incur to other people or property by causing an accident. This coverage 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 for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against things like repair costs for stationary objects, pain and suffering and legal defense fees. How much coverage you buy is up to you, but buy as high a limit as you can afford.
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like vandalism, damage from flooding and rock chips in glass. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Discount 2017 Chevy Bolt EV insurance can be sourced on the web and from local insurance agents, so you need to shop auto insurance with both to have the best rate selection. There are still a few companies who do not provide rates over the internet and many times these regional insurance providers prefer to sell through independent agents.
When you buy auto insurance online, do not sacrifice coverage to reduce premiums. Too many times, an insured dropped comprehensive coverage or liability limits only to regret that it was a big error on their part. Your goal should be to find the BEST coverage at the best possible price but still have enough coverage for asset protection.
People switch companies for any number of reasons including unfair underwriting practices, lack of trust in their agent, an unsatisfactory settlement offer and even not issuing a premium refund. No matter why you want to switch, finding a new insurance coverage company is pretty simple and you could end up saving a buck or two.