There isn’t a single person who rejoices having to buy auto insurance, especially when they are aware that the prices are way too high.
It’s an obvious conclusion that insurance companies don’t want their policyholders to compare prices. Consumers who shop around at least once a year are very likely to buy a new policy because there is a good probability of finding a policy with better rates. A recent survey discovered that consumers who compared rates once a year saved over $3,450 over four years compared to other drivers who never compared other company’s rates.
If finding the cheapest price for insurance is your objective, knowing the best way to shop and compare insurance rates can help you succeed in saving money. Big-name insurance companies like State Farm and GEICO persitently shower you with fancy advertisements and it is challenging if not impossible to see past the geckos and flying pigs and take the time to shop coverage around.
You should take the time to compare premium rates at least once a year since insurance prices are constantly changing. Just because you had the best rates on Chevy Volt insurance in Scottsdale on your last policy you can probably find a better premium rate now. Block out anything you think you know about auto insurance because you’re about to learn the quickest way to find great coverage at a great price.
If you have coverage now or just want to save money, use these tips to find the best rates while maintaining coverages. Locating the most cost-effective car insurance policy in Scottsdale is actually quite simple. Smart buyers just have to know the quickest way to find the lowest price online.
The companies in the list below provide free quotes in Scottsdale, AZ. To locate cheap car insurance in Scottsdale, we suggest you visit as many as you can to get a more complete price comparison.
Three reasons car insurance is important
Despite the high insurance cost for a Chevy Volt in Scottsdale, maintaining insurance is a good idea for several reasons.
- The majority of states have minimum liability requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection in order to get the vehicle licensed. In Arizona these limits are 15/30/10 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Chevy Volt, most banks will make it a condition of the loan that you buy full coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the bank may insure your Chevy at a significantly higher premium and require you to reimburse them the higher premium.
- Car insurance protects both your assets and your vehicle. It also can pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, will also pay for a defense attorney if anyone sues you for causing an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance definitely exceed the cost, especially when you need to use it. An average driver in America is overpaying more than $850 per year so it’s recommended you shop around each time the policy renews to ensure rates are competitive.
What Impacts Chevy Volt Insurance Prices?
Part of the auto insurance buying process is learning some of the things that help determine the price you pay for auto insurance. When consumers understand what influences your rates, this helps enable you to make changes that can earn you big savings. Multiple criteria are considered when you get your auto insurance bill. Some factors are common sense such as your driving history, but others are not as apparent such as whether you are married or how financially stable you are.
The list below includes a few of the “ingredients” companies use to determine your premiums.
- Higher comp and collision deductibles save money – Comp and collision deductibles represent how much money you are required to spend before a claim is paid by your company. Insurance for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some examples of covered claims are rear-ending another vehicle, damage from fire, and damage from wind. The more the insured has to pay upfront, the lower your rates will be.
- Safer vehicles means lower prices – Vehicles that have high safety ratings tend to be cheaper to insure. Safe vehicles protect occupants better and reduced instances of injuries translates into savings for insurance companies and more competitive rates for policyholders.
- Claim-free discounts can add up – If you file claims often, you can expect increased rates or even have your policy non-renewed. Car insurance companies in Arizona generally give the best rates to people who are not frequent claim filers. Auto insurance is intended for claims that pose a financial burden.
- Occupation and insurance prices – Careers like doctors, executives, and miners generally pay higher rates than average due to high stress and lots of time spent at work. On the other hand, jobs like actors, historians and performers get better rates.
- Low credit history equals high premiums – A driver’s credit rating factor in calculating your auto insurance rates. People with good credit tend to be better drivers and file fewer claims than those with bad credit. Therefore, if your credit rating could use some work, you could save money insuring your Chevrolet Volt if you clean up your credit.
- Your spouse saves you money – Having a spouse may cut your premiums when shopping for auto insurance. Having a significant other means you’re more stable financially and it’s proven that married drivers get in fewer accidents.
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Chevy Volt insurance loss statistics – Car insurance companies study historical loss data when they file their rates in each state. Vehicles that statistically have higher claim frequency or loss amount will have higher premium rates.
The information below illustrates the actual insurance loss data for Chevy Volt vehicles. For each policy coverage, the claim amount for all vehicles combined as an average is equal to 100. Numbers that are below 100 suggest a better than average loss history, while percentage values above 100 indicate higher probability of having a loss or statistically larger claims.
Chevrolet Volt Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Volt Electric 89 83 81 71 73 90 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
When in doubt talk to an agent
Always keep in mind that when comparing insurance from an agent or online, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs.
These are some specific questions can help discover if your insurance needs might need an agent’s assistance.
- How can I get high-risk coverage after a DUI?
- Should I carry comprehensive and collision coverage?
- Do I need more liability coverage?
- Am I covered if I break a side mirror?
- Do I have coverage if I rent a car in Mexico?
- Why is insurance for a teen driver so high in Scottsdale?
- Is business equipment covered while in my vehicle?
- What is covered by UM/UIM coverage?
- How do I buy GAP insurance?
If you’re not sure about those questions but a few of them apply then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form. It is quick, free and may give you better protection.
Keep this in mind when shopping around
Drivers who switch companies do it for a variety of reasons including extreme rates for teen drivers, policy cancellation, being labeled a high risk driver and high rates after DUI convictions. It doesn’t matter what your reason, switching auto insurance companies can be easy and end up saving you some money.
We just presented some good ideas how to shop for Chevy Volt insurance online. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the biggest savings come from an unexpected company.
Cheap Chevy Volt insurance in Scottsdale is attainable on the web and also from your neighborhood Scottsdale agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies do not provide rate quotes online and these small insurance companies work with local independent agents.
Steps to buying affordable Chevy Volt insurance in Scottsdale
Really, the only way to find affordable Chevy Volt insurance is to regularly compare quotes from different companies who provide auto insurance in Scottsdale. You can shop around by following these guidelines.
- Take a little time to learn about what coverages are included in your policy and the measures you can control to prevent expensive coverage. Many factors that result in higher prices such as your driving record and an imperfect credit history can be controlled by making minor driving habit or lifestyle changes.
- Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agents can provide rate quotes for many different companies.
- Compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you can save some money and change companies, make sure there is no coverage gap between policies.
One important bit of advice is to use identical coverages on every price quote and and to compare as many companies as you can. This enables an apples-to-apples comparison and the best price selection.
To read more, feel free to browse the articles below:
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- How Much is Car Insurance for a Chevrolet Silverado in Scottsdale? (FAQ)
- How Much is Car Insurance for Drivers Over Age 70 in Scottsdale? (FAQ)
- What Auto Insurance is Cheapest for High Risk Drivers in Scottsdale? (FAQ)
- Who Has Affordable Scottsdale Auto Insurance for a Subaru Outback? (FAQ)
- Rollover Crash FAQ (iihs.org)
- Insurance Losses by Make and Model (iihs.org)
- Teen Driver Statistics (Insurance Information Institute)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)