Lower Your 2015 Chevrolet Spark EV Insurance Quotes

Want lower auto insurance rates for your Chevrolet Spark EV? Are you a victim of high-priced auto insurance? Believe me when I say there are a lot of people just like you who feel imprisoned by their auto insurance policy. Popular companies such as Progressive, GEICO and Farmers Insurance increase brand awareness with ad campaigns and it is challenging if not impossible to see past the geckos and flying pigs and take the time to shop coverage around.

It’s a good habit to get comparison quotes occasionally because auto insurance prices fluctuate regularly. Despite the fact that you may have had the best quotes for Spark EV insurance a year ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about auto insurance because you’re going to get a crash course in the things you must know in order to properly buy coverages and cut your premium.

Pay discount rates these discounts

Buying auto insurance is not cheap, but there are discounts available that may help make it more affordable. Some discounts apply automatically at quote time, but some may not be applied and must be asked about prior to getting the savings.

  • Drivers Ed for Students – Cut your cost by having your teen driver take driver’s ed class as it will make them better drivers and lower rates.
  • Anti-theft Discount – Cars and trucks equipped with tracking devices and advanced anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
  • Homeowners Discount – Just owning your own home can save you money because maintaining a house requires a higher level of personal finance.
  • New Car Discount – Insuring a vehicle that is new can get you a discount compared to insuring an older model.
  • Braking Control Discount – Cars and trucks with ABS and/or traction control can avoid accidents and earn discounts up to 10%.
  • Sign Online – A few auto insurance companies will give you a small discount for buying a policy and signing up over the internet.
  • Telematics Data Discounts – People who choose to allow their company to spy on driving habits by using a telematic data system such as State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
  • Discounts for Federal Employees – Active or retired federal employment can earn a discount up to 10% for Spark EV insurance with some auto insurance companies.
  • Membership in Organizations – Participating in a qualifying organization could earn you a nice discount when shopping for auto insurance.
  • Accident Waiver – Not a discount per se, but some insurance companies may permit one accident before raising your premiums if you have no claims prior to being involved in the accident.

You can save money using discounts, but many deductions do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think adding up those discounts means a free policy, companies don’t profit that way.

A few of the larger companies and some of their more popular discounts are:

  • American Family includes discounts for bundled insurance, air bags, Steer into Savings, early bird, and accident-free.
  • Nationwide has savings for accident-free, anti-theft, family plan, defensive driving, good student, and Farm Bureau membership.
  • MetLife may have discounts that include defensive driver, good driver, accident-free, multi-policy, claim-free, and good student.
  • 21st Century policyholders can earn discounts including defensive driver, air bags, student driver, theft prevention, 55 and older, homeowners, and anti-lock brakes.
  • Farmers Insurance offers premium reductions for mature driver, distant student, switch companies, business and professional, and youthful driver.
  • Allstate may offer discounts for FullPay discount, anti-theft, anti-lock brakes, multi-policy, new car, and EZ pay plan discount.

When comparing rates, check with each company which credits you are entitled to. Some discounts may not apply to policyholders in every state. If you would like to choose from a list of providers that offer discounts, click here to view.

Five things that determine your insurance costs

Lots of things are used when premium rates are determined. Some are obvious like your driving record, but some are more obscure like where you live or how safe your car is.

Shown below are some of the items used by companies to determine your premiums.

  • Cautious drivers have lower rates – Just one driving citation can increase rates substantially. Attentive drivers get better rates than their less careful counterparts. Drivers with careless citations like reckless driving, hit and run or driving under the influence may find that they have to to complete a SR-22 with their state motor vehicle department in order to keep their license.
  • Which gender costs less? – Over the last 30 years, statistics show that females tend to be a little less risky than males. It does not mean women are BETTER drivers than men. Males and females cause auto accidents in similar numbers, but males tend to have more serious accidents. Not only are claims higher, but men get ticketed for serious violations such as DWI and reckless driving. Youthful male drivers are several times more likely to be in an accident and therefore pay the highest rates.
  • More traffic equals higher premiums – Residing in small towns and rural areas has it’s advantages when talking about auto insurance. Fewer drivers and short commutes means fewer accidents and also fewer theft and vandalism claims. City drivers regularly have much more traffic and a longer drive to work. Longer commute distances means more chance of being in an accident.
  • Credit score impact auto insurance rates – Credit score factor in determining what you pay. Drivers who have very high credit ratings tend to be more responsible than drivers with lower credit scores. If your credit rating is low, you could be paying less to insure your 2015 Chevrolet Spark EV by spending a little time repairing your credit.
  • Save money by eliminating add-on coverages – There are a lot of extra coverages that sound like a good idea at the time on your Spark EV policy. Add-on coverages like personal injury protection, better glass coverage, and extra equipment coverage are some examples. The coverages may be enticing when talking to your agent, but if you have no use for them eliminate them to save money.

Special considerations

When it comes to choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Every situation is different and your policy should reflect that. For instance, these questions may help you determine if your situation will benefit from professional help.

  • What is the ISO rating for a 2015 Chevy Spark EV?
  • Can I rent a car in Mexico?
  • Am I covered when driving on a suspended license?
  • Am I covered when driving someone else’s vehicle?
  • Do I really need UM/UIM coverage?
  • Should I get collision insurance on every vehicle?
  • Should I carry comprehensive and collision coverage?
  • Why does it cost so much to insure a teen driver?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is my babysitter covered when using my vehicle?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

Auto insurance 101

Learning about specific coverages of auto insurance helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages offered by auto insurance companies.

Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and damage to your Chevy Spark EV.

Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Comprehensive auto insurance – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like theft, rock chips in glass, falling objects, a tree branch falling on your vehicle and fire damage. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability car insurance – Liability insurance can cover damage or injury you incur to people or other property in an accident. It protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability insurance covers things like medical expenses, attorney fees and medical services. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.

Collision – This coverage will pay to fix damage to your Spark EV resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like rolling your car, crashing into a building, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses – Coverage for medical payments and/or PIP reimburse you for bills such as chiropractic care, doctor visits, hospital visits, pain medications and ambulance fees. The coverages can be utilized in addition to 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 coverage is not universally available and gives slightly broader coverage than med pay

Best coverage at the best price

In this article, we presented a lot of information how to get a better price on 2015 Chevy Spark EV insurance. The key thing to remember is the more companies you get car insurance rates for, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from a lesser-known regional company. These smaller insurers may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.

As you go through the steps to switch your coverage, never buy poor coverage just to save money. Too many times, an insured cut uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The goal is to buy the best coverage you can find for the lowest price while not skimping on critical coverages.

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