2012 Chevrolet Volt Insurance Rates – 5 Policy Discounts

No sane person loves paying for car insurance, particularly when they could find lower prices if they just compared rates. With drivers having so many online and local companies to choose from, it’s difficult to pick a lower cost insurance company.

You should take the time to do price comparisons every six months since prices tend to go up over time. Even if you think you had the lowest price for Volt coverage a year ago you will most likely find a better rate quote today. Ignore everything you know about car insurance because I’m going to teach you one of the easiest ways to save on car insurance.

Five discounts for cheap car insurance quotes

The cost of insuring your cars can be expensive, but you might be missing out on some discounts to cut the cost considerably. Certain reductions will be credited at quote time, but some must be manually applied before they will apply.

  • Good Drivers – Safe drivers may save up to 50% more for Volt coverage than drivers with accidents.
  • Organization Discounts – Being in qualifying employment or professional organizations is a good way to get lower rates on car insurance.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll and complete driver’s education in school or through a local driver safety program.
  • Homeowners Discount – Owning your own home or condo can help you save on car insurance since owning and maintaining a home shows financial diligence.
  • Discount for New Cars – Buying coverage on a new vehicle may earn a small discount due to better safety requirements for newer vehicles.

As is typical with insurance, most discounts do not apply to the entire policy premium. Most only apply to specific coverage prices like comp or med pay. Just because it seems like having all the discounts means you get insurance for free, you aren’t that lucky.

Auto insurance companies that may offer policyholders some of the discounts shown above may include but are not limited to:

Before you buy a policy, ask every company to apply every possible discount. Some of the earlier mentioned discounts may not apply in your area. If you would like to see a list of car insurance companies who offer discounts, follow this link.

How much is insurance coverage?

Comparing insurance coverage rates is a ton of work if you don’t understand the most efficient way to do it. You can waste hours driving to local insurance agents in your area, or you could use the internet to get rates in a matter of minutes.

Many of the larger companies participate in a marketplace that enables customers to submit one quote, and every company then returns a price quote determined by their information. This prevents consumers from doing quotation requests for each company.

To compare pricing click here to open in new window.

The only downside to getting quotes like this is that consumers can’t choose the insurers to get quotes from. If you would rather choose specific insurance companies to compare, we have a page of low cost insurance coverage companies in your area. View list of insurance companies.

It doesn’t matter which method you choose, just try to keep the same coverage information on every quote. If the quotes have differing limits it will be nearly impossible to truly determine the lowest rate.

You may need specialized car insurance coverage

When it comes to choosing the best car insurance coverage, there isn’t really a “best” method to buy coverage. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions may help you determine whether or not you may require specific advice.

  • Am I better off with higher deductibles on my 2012 Chevy Volt?
  • Do I need motorclub coverage?
  • Can I get a multi-policy discount?
  • What exactly is covered by my policy?
  • Will my insurance pay for OEM parts?
  • Am I covered if I crash into my own garage door?
  • Are rock chip repairs covered?

If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.

Car insurance coverages for a Chevy Volt

Knowing the specifics of your car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are the usual coverages found on the average car insurance policy.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for bills for things like EMT expenses, prosthetic devices, rehabilitation expenses, ambulance fees and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive coverages – This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as hitting a bird, hitting a deer, theft, damage from getting keyed and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Coverage for liability – This coverage will cover damage or injury you incur to people or other property that is your fault. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability insurance covers things such as attorney fees, repair costs for stationary objects, bail bonds, medical expenses and pain and suffering. The amount of liability coverage you purchase is your choice, but consider buying as large an amount as possible.

Collision – This coverage covers damage to your Volt from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like backing into a parked car, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to bring the cost down.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Chevy Volt.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.

A little work can save a LOT of money

We covered a lot of tips how to reduce 2012 Chevy Volt insurance rates online. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even discover the lowest rates are with the least-expected company. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.

When searching for low cost insurance quotes, it’s a bad idea to reduce needed coverages to save money. In too many instances, an accident victim reduced liability coverage limits only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal is to buy a smart amount of coverage at the best cost, not the least amount of coverage.

Additional information can be read at the links below