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Chevrolet Spark EV Insurance Cost

You have many choices when shopping for car insurance for your Chevrolet vehicle. You can buy from a local agent or shop online to compare insurance costs of many different companies. Finding cheaper car insurance from online companies is easy, in addition you might just save a little.

Consumers who are new to the process of comparing rates may think shopping for cut-rate Spark EV insurance can be quite difficult. When shopping for car insurance there are multiple ways to get quotes and find the best price. By far the easiest way to find the cheapest Spark EV insurance rates is to perform an online rate comparison. This is very easy and can be done by getting a quick quote here.

Criteria which help determine your insurance rates

Auto insurance rates for your Chevrolet Spark EV can be significantly different based upon several criteria. A few of these criteria are:

  • The performance level of your Spark EV
  • How many accidents you have had
  • Home/auto policy bundles save money
  • Pleasure, commuting or business use can affect rates
  • Optional coverages like vehicle replacement
  • What you do for a living
  • Insurance coverage level
  • Owning a home can lower rates

A final factor which can affect Spark EV insurance cost is the model year. Models that are a few years old have a much lower replacement value in comparison to older models so the payout to repair will push premiums down. Although more recent Chevrolet vehicles may have a trim level with safety features included like active head restraints, adaptive headlights, a backup camera, and tire pressure monitors that may help help offset higher rates.

To get a better understanding how much rates will be for your vehicle, select the year of your Spark EV from the following list.

Liability coverage

Liability insurance will cover injuries or damage you cause to other's property or people that is your fault. Liability coverage protects against claims such as funeral expenses, loss of income, and emergency aid. Liability insurance is relatively cheap so consider buying as large an amount as possible.

Collision insurance

This will pay to fix damage to your Chevrolet resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper Spark EV insurance cost.

Comprehensive coverage

Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by your Chevrolet Spark EV comprehensive insurance. The highest amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they are uninsured or don't have enough coverage. Since a lot of 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.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills (i.e. ambulance fees, surgery, and doctor visits). They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. PIP is only offered in select states and may carry a deductible.

How Much are Chevrolet Spark EV Insurance Rates?