Cheaper 2014 Chevrolet Volt Insurance Rates in 2024

Finding cheaper insurance coverage may be challenging for drivers who are new to buying insurance online. With so many agents and insurers to choose from, it can quickly become more work than you anticipated to find the best rates.

It’s important to price shop coverage at least once a year due to the fact that insurance prices tend to go up over time. If you had the best deal for Volt insurance two years ago the chances are good that you can find a lower rate today. There is lot of inaccurate information about insurance coverage on the internet, but I’m going to show you some tested techniques to lower your insurance coverage bill.

How to buy car insurance online

When looking for affordable insurance coverage quotes, there are a couple ways to compare prices from different insurance companies. By far the easiest way to find competitive 2014 Chevy Volt insurance rates is to use the internet to compare rates. This is quite simple and can be completed in a couple of different ways.

1. Without a doubt, the easiest way to get quotes for comparison is a comparison rater form. This form keeps you from doing separate quote forms for each company you want a rate for. Taking the time to complete one form gets coverage cost estimates instantly. It’s the fastest way to compare.
2. A less efficient way to compare prices requires you to visit each company website and fill out a new quote form. For instance, let’s say you want rates from Liberty Mutual, State Farm and GMAC. In order to compare rates, you need to spend time on each company’s site and enter your policy data, which is why the first method is quicker.
3. If you have time to kill, the last method to price shop rates is physically going to each insurance agency near you. Doing it all online has reduced the need for local agents unless you want the guidance of an agent trained in personal lines coverage. It is possible with some companies get the lowest quotes online and get advice from an agent in your area.

Whichever way you use, make sure you are using apples-to-apples quote data for every company. If you have differing limits you will not be able to decipher which rate is best. Even a minor difference in limits may result in a large different in cost. And when comparison shopping, more quotes helps you find the best price.

How to lower your insurance costs

Lots of things are taken into consideration when pricing auto insurance. Most are fairly basic such as traffic violations, but some are more transparent such as your marital status or how financially stable you are. Consumers need to have an understanding of a few of the rating criteria that help determine the rates you pay for insurance. When you know what positively or negatively determines base rates, this enables you to make decisions that could help you find better insurance rates.

Listed below are some of the factors utilized by car insurance companies to help set rates.

• Insurance claims cost money – Car insurance companies award most affordable rates to policyholders who are not frequent claim filers. If you’re an insured who likes to file claims you can expect higher rates. Insurance coverage is designed for claims that pose a financial burden.
• Save annual miles and save money – Driving more miles in a year the higher your rates will be. A lot of companies charge rates based upon how the vehicle is primarily used. Autos that sit idle most of the time cost less to insure compared to those used for work or business. Improper usage on your Volt may be costing you higher rates. It’s a smart idea to ensure your vehicle rating properly reflects the right rating data, because it can save money.
• Certain jobs raise rates – Did you know that where you work can have an impact on rates? Occupations such as military generals, air traffic controllers and medical professionals usually pay the highest rates due to intense work-related stress and long work days. On the other hand, careers such as actors, students and homemakers get better rates for Volt insurance.
• Don’t cut corners with liability insurance – The liability section of your policy is the protection if ever you are found liable for personal injury or accident damage. Your policy’s liability insurance provides you with a defense in court up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to other policy coverages, so drivers should carry high limits.
• Poor credit score equals high premiums – A driver’s credit rating can be an important factor in calculating your premium rate. If your credit is not that good, you could potentially save money when insuring your 2014 Chevrolet Volt by spending a little time repairing your credit. People that have very high credit ratings tend to be more responsible as compared to drivers with lower credit scores.
• Marriage discount – Having a wife or husband may cut your premiums on your insurance policy. Having a significant other usually means you are more mature and insurance companies like that married couples file fewer claims.
• Avoid traffic tickets – Even a single citation could increase your next policy renewal by twenty percent. Careful drivers receive lower rates compared to drivers with tickets. Drivers who have received severe citations like reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 form with their state’s department of motor vehicles in order to prevent their license from being revoked.

Lower-cost insurance quotes with discounts

Insurance can be pricey, but you may be missing some discounts to cut the cost considerably. Most are applied when you purchase, but a few must be asked for before being credited.

• Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you better premium rates if you take out a life policy as well.
• Accident Waiver – This one is not really a discount per se, but companies like State Farm, Progressive and GEICO allow you one accident before your rates go up so long as you are claim-free prior to the accident.
• Multi-policy Discount – If you have multiple policies and place coverage with the same company you could earn a discount of over 10 percent off each policy depending on the company.
• Discounts for New Vehicles – Buying a new car model can save up to 30% due to better safety requirements for new model year vehicles.
• Government Employees – Federal government employees could qualify for a slight premium decrease for Volt insurance depending on your company.
• Anti-theft System – Cars with anti-theft systems are stolen less frequently and will qualify for a discount on a insurance coverage quote.
• Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you can avoid the installment charge.
• Drivers Ed for Students – Require your teen driver to take driver’s ed class as it will make them better drivers and lower rates.
• Military Discounts – Having a deployed family member may qualify for rate reductions.
• Defensive Driver – Taking part in a course in defensive driver may get you a small discount and also improve your driving technique.

It’s important to note that most discount credits are not given to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like having all the discounts means you get insurance for free, insurance companies aren’t that generous.

To see a list of insurance companies with discount insurance rates, enter your zip code here.

Tailor your car insurance coverage to you

When it comes to buying adequate coverage for your vehicles, there really is no cookie cutter policy. Everyone’s needs are different.

These are some specific questions can aid in determining whether your personal situation may require specific advice.

• Is borrowed equipment or tools covered if stolen or damaged?
• Should I have combined single limit or split liability limits?
• What is roadside assistance coverage?
• Does coverage extend to Mexico or Canada?
• Does my policy pay for OEM or aftermarket parts?
• Am I covered if I break a side mirror?
• Is my 2014 Chevy Volt covered for smoke damage?
• Do I need an umbrella policy?
• Do I have coverage if my license is suspended?

If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and enter your zip code.

Car insurance coverages explained

Knowing the specifics of your car insurance policy can help you determine the best coverages and proper limits and deductibles. Car insurance terms can be confusing and coverage can change by endorsement.

Collision coverage protection

This coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims such as sideswiping another vehicle, hitting a mailbox and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. It’s also possible to choose a higher deductible to bring the cost down.

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Medical costs insurance

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as pain medications, nursing services and chiropractic care. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

This covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive insurance covers things such as a tree branch falling on your vehicle, falling objects and a broken windshield. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto liability

This protects you from injuries or damage you cause to a person or their property. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability insurance covers claims such as legal defense fees, emergency aid and loss of income. How much coverage you buy is up to you, but you should buy higher limits if possible.

Coverage on a shoestring budget

Insureds change insurance companies for a number of reasons such as lack of trust in their agent, high rates after DUI convictions, questionable increases in premium or high prices. Regardless of your reason for switching companies, finding a new insurance company is not as hard as you think.

When searching for cheap insurance coverage quotes, you should never skimp on critical coverages to save a buck or two. Too many times, someone sacrificed uninsured motorist or liability limits only to find out that they should have had better coverage. The aim is to buy a smart amount of coverage at an affordable rate while still protecting your assets.

Low-cost 2014 Chevy Volt insurance can be found on the web and also from your neighborhood agents, so get free insurance coverage quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not offer rates over the internet and many times these smaller providers only sell through independent insurance agencies.