2018 Chevrolet Bolt EV Insurance Quotes in 2024 – 10 Tips to Save

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 23, 2024

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Buying insurance coverage online is challenging if you are one of the millions of people new to online price comparisons. But relax because we’re going to show you how.

You should take the time to get comparison quotes quite often due to the fact that insurance prices go up and down regularly. Just because you had the best price for Bolt EV coverage a year ago a different company probably has better rate quotes today. There is a lot of bad information regarding insurance coverage on the web, but in just a couple of minutes you can learn the easiest ways to put money back in your pocket.

This information will help educate you on the most effective way to quote insurance and some tricks to saving. If you currently have a car insurance policy, you stand a good chance to be able to save some money using these tips. But drivers should learn how big insurance companies price insurance differently.

Verify you’re getting every discount

Companies that sell car insurance don’t always list their entire list of discounts in a way that’s easy to find, so we break down both well-publicized and also the more inconspicuous credits that may apply to you.

  • Telematics Data Discounts – Insureds that choose to allow driving data submission to monitor vehicle usage remotely such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they are good drivers.
  • Bundled Policy Discount – When you have multiple policies with one insurance company you will save over 10 percent off each policy depending on the company.
  • Government Employees – Being employed by or retired from a federal job can earn a discount up to 10% for Bolt EV coverage but check with your company.
  • Paperless Signup – A handful of insurance companies will give you a small discount simply for signing digitally online.
  • Air Bags and Passive Restraints – Factory air bags or motorized seat belts could see savings of 25 to 30%.
  • More Vehicles More Savings – Buying a policy with all your vehicles with the same company may reduce the rate for each vehicle.
  • Discount for Home Ownership – Owning a house can earn you a little savings since home ownership requires personal responsibility.
  • Organization Discounts – Having an affiliation with qualifying employment or professional organizations is a simple method to lower premiums on your policy.
  • Early Signing – Select insurance companies give a discount for switching companies before your current policy expires. It could save around 10% when you buy auto insurance online.
  • Drive Less and Save – Keeping the miles down on your Chevy may allow you to get slightly better premium rates than normal.

Keep in mind that most discounts do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, insurance companies aren’t that generous. Any amount of discount will definitely reduce your premiums.

A few popular companies and some of the premium reductions they offer are shown below.

  • Farm Bureau offers discounts including 55 and retired, multi-policy, youthful driver, renewal discount, safe driver, good student, and driver training.
  • MetLife may offer discounts for multi-policy, good student, good driver, accident-free, and claim-free.
  • Progressive offers discounts for online signing, homeowner, continuous coverage, online quote discount, and good student.
  • AAA policyholders can earn discounts including good driver, anti-theft, good student, education and occupation, multi-car, and pay-in-full.
  • American Family discounts include TimeAway discount, air bags, good driver, early bird, bundled insurance, mySafetyValet, and defensive driver.
  • GEICO may have discounts that include seat belt use, military active duty, driver training, anti-theft, defensive driver, and multi-policy.
  • State Farm has savings for multiple policy, good student, passive restraint, anti-theft, safe vehicle, and accident-free.

Check with each company or agent how many discounts you can get. Some of the discounts discussed earlier may not apply to policies in your area. If you would like to choose from a list of companies with the best insurance discounts, enter your zip code here.

When should I discuss my situation with an agent?

When buying coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s needs are different.

These are some specific questions can help discover if your insurance needs will benefit from professional help.

  • Am I covered if I hit a deer?
  • Do I have coverage when using my vehicle for my home business?
  • Am I covered when pulling a rental trailer?
  • Do I need PIP coverage since I have good health insurance?
  • Who is covered by my policy?
  • What can I do if my company denied a claim?

If it’s difficult to answer those questions, you might consider talking to an agent. If you want to speak to an agent in your area, fill out your zip code.

Insurance coverage considerations

Learning about specific coverages of your policy can be of help when determining appropriate coverage for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy.

Coverage for liability

This can cover damage that occurs to other’s property or people that is your fault. This insurance protects YOU from claims by other people, 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 limits of 25/50/25 that translate to 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 property. Occasionally you may see a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims like loss of income, medical expenses, legal defense fees, medical services and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Medical expense insurance

Med pay and PIP coverage pay for bills like doctor visits, chiropractic care, surgery and EMT expenses. They are used in conjunction with a health insurance program or if you lack health insurance entirely. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible

Comprehensive (Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like a tree branch falling on your vehicle, hitting a bird, falling objects and fire damage. The highest amount 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 consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers

This protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your 2018 Chevy Bolt EV.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are set the same as your liability limits.

Coverage for collisions

Collision insurance will pay to fix damage to your Bolt EV resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with a tree, backing into a parked car, rolling your car, hitting a parking meter and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Never pay more for less

Drivers leave their current company for any number of reasons including high rates after DUI convictions, delays in responding to claim requests, poor customer service and even questionable increases in premium. Regardless of your reason, choosing a new company is easier than you think.

Low-cost 2018 Chevy Bolt EV insurance can be found both online and from local agencies, so you should compare both to get a complete price analysis. There are still a few companies who don’t offer the ability to get quotes online and these regional carriers only sell through independent agencies.

As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where drivers have reduced physical damage coverage to discover at claim time they didn’t purchase enough coverage. Your aim should be to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.

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