Lower Your 2015 Chevrolet Spark Insurance Cost

Finding low-cost insurance for a new or used Chevy Spark can be a painful process, but you can learn a few tricks and make it easy.

There are both good and bad ways to buy insurance and we’ll show you the quickest 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 good habit to shop coverage around every six months because prices trend upward over time. Even if you think you had the best quotes for Spark insurance at your last renewal a different company probably has better rates today. Ignore everything you know about insurance because you’re about to learn the proper way to find better rates and still maintain coverage.

Finding more affordable insurance can be fairly easy. If you have a current insurance policy or are just looking to switch companies, you can learn to find the best rates and possibly find even better coverage. Vehicle owners only need an understanding of how to compare price quotes on the web.

Informed drivers save on insurance

Lots of things are used when you get a price on insurance. Some are obvious such as your driving history, but others are not quite as obvious such as your marital status and annual miles driven.When buying auto insurance it’s important to understand some of the elements that go into determining the level of your policy premiums. If you know what determines base rates, this allows you to make educated decisions that could result in big savings.

The list below includes some of the things used by your company to calculate your rate level.

  • Protect yourself with liability – A critical coverage on your policy, liability insurance will protect you if ever a court rules you are at fault for damages from an accident. Your policy’s liability insurance provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
  • Frequent insurance claims increase rates – If you are the type of insured that files lots of claims you should expect much higher rates or policy non-renewal. Auto insurance companies give lower rates to policyholders who are claim-free. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Insurance rates in urban areas – Having an address in less populated areas of the country may provide you with better prices when buying auto insurance. City drivers have to deal with more traffic problems and more time behind the wheel. Lower population means a lower chance of having an accident as well as less vandalism and auto theft.
  • Better premiums with anti-theft devices – Selecting a car model that has a built-in theft deterrent system can help bring down rates. Theft deterrent systems like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help stop car theft and help bring rates down.
  • Small coverages can add up – There are a ton of extra bells and whistles that sound like a good idea at the time when buying auto insurance. Coverages like rental car coverage, towing, and extra life insurance coverage are examples of these. They may seem like a good idea initially, but your needs may have changed so eliminate them to save money.
  • Continuous coverage lowers rates – Having a gap between insurance policy dates is a fast way to drive up your policy premiums. Not only will you pay higher rates, the inability to provide proof of insurance may result in fines or a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with your state department of motor vehicles.
  • Younger drivers pay high rates – Teenage drivers are statistically shown to be careless and easily distracted when at the wheel of a vehicle so they pay higher auto insurance rates. Adding a beginning driver onto your auto insurance can break the bank. Older insureds are viewed as being more responsible, file fewer claims and are safer drivers.

Do you qualify for discount insurance?

Companies offering auto insurance don’t always publicize every policy discount very clearly, so below is a list some of the best known and the harder-to-find discounts that may be available. If you aren’t receiving every discount possible, you are not getting the best rate possible.

  • No Accidents – Drivers who don’t have accidents can earn big discounts in comparison with policyholders that have many claims.
  • Auto/Life Discount – Some companies give a small discount if you purchase life insurance from them.
  • Full Payment Discount – By paying your entire bill at once rather than paying in monthly installments you may reduce your total bill.
  • Accident Waiver – This one is not really a discount per se, but some insurance companies allow you one accident before raising your premiums if you are claim-free prior to the accident.
  • Driving Data Discount – Drivers who agree to allow their insurance company to spy on driving manner by using a telematics device in their vehicle such as In-Drive from State Farm or Allstate’s Drivewise system may see discounts if they have good driving habits.
  • Discount for Swiching Early – A few insurance companies allow discounts for renewing your policy prior to your current policy expiration. This can save 10% or more.

A quick disclaimer, some credits don’t apply the the whole policy. Some only reduce the cost of specific coverages such as comp or med pay. Even though the math looks like having all the discounts means you get insurance for free, you won’t be that lucky.

Companies and some of their more popular discounts are:

  • Progressive includes discounts for continuous coverage, multi-policy, homeowner, online signing, online quote discount, multi-vehicle, and good student.
  • AAA has discounts for pay-in-full, multi-policy, good student, multi-car, education and occupation, and good driver.
  • Farmers Insurance offers discounts for good student, bundle discounts, multi-car, distant student, teen driver, business and professional, and alternative fuel.
  • GEICO may offer discounts for anti-theft, membership and employees, five-year accident-free, military active duty, air bags, good student, and daytime running lights.
  • Esurance may have discounts that include defensive driver, safety device, anti-theft, multi-car, and paid-in-full.
  • SAFECO offers discounts including teen safe driver, anti-theft, homeowner, safe driver, and multi-car.
  • State Farm discounts include defensive driving training, anti-theft, accident-free, Drive Safe & Save, and multiple policy.

If you need the cheapest insurance coverage quotes, ask all the companies which discounts you qualify for. Some discounts listed above may not apply to policyholders in your state. If you would like to choose from a list of providers offering insurance discounts, click here to view.

What insurance coverages do I need?

When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique.

For example, these questions could help you determine whether you may require specific advice.

  • Am I covered when pulling a rental trailer?
  • Is business equipment covered while in my vehicle?
  • When would I need rental car insurance?
  • What if I don’t agree with a claim settlement offer?
  • Does my personal policy cover me when driving out-of-state?
  • How high should my uninsured/underinsured coverage be in my state?
  • Does my car insurance cover rental cars?
  • Do I need added coverage for expensive stereo equipment?
  • Why am I required to buy liability insurance?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Car insurance 101

Having a good grasp of a auto insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.

Collision – This coverage pays for damage to your Spark caused by collision with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for claims such as crashing into a building, driving through your garage door, colliding with another moving vehicle and rolling your car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible to bring the cost down.

Liability car insurance – This provides protection from injuries or damage you cause to other people or property in an accident. This coverage protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.

Liability insurance covers claims like repair bills for other people’s vehicles, structural damage, attorney fees and emergency aid. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Medical expense coverage – Medical payments and Personal Injury Protection insurance pay for bills for prosthetic devices, funeral costs and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Chevy Spark.

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 should not be overlooked. Normally these coverages are set the same as your liablity limits.

Comprehensive protection – Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like falling objects, theft, fire damage, a broken windshield and damage from getting keyed. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Online plus local equals savings

Drivers leave their current company for a number of reasons such as lack of trust in their agent, policy non-renewal, delays in responding to claim requests and even high prices. Regardless of your reason, choosing a new company is actually quite simple.

When searching for inexpensive insurance coverage quotes, do not buy less coverage just to save a little money. Too many times, an insured dropped physical damage coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to buy a smart amount of coverage at an affordable rate and still be able to protect your assets.

The cheapest 2015 Chevy Spark insurance can be sourced on the web and from local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some companies don’t offer internet price quotes and these regional insurance providers sell through independent insurance agencies.

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