Trying to find lower insurance coverage rates for your Chevrolet Spark EV? Overwhelmed by the number of insurance coverage companies? You’re not the only one! Consumers have so many companies to choose from that it can quickly become a real hassle to find the lowest price.
This information will familiarize you with the most effective way to quote insurance. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this information. But drivers must know how the larger insurance companies price online insurance and apply this information to your search.
The cost of insuring your cars can be expensive, but you can get discounts that you may not even be aware of. Certain discounts will be applied when you purchase, but some must be specifically requested before you will receive the discount.
A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think you could get a free insurance policy, it just doesn’t work that way. Any amount of discount will help reduce your overall premium however.
A partial list of companies who might offer these discounts may include but are not limited to:
Before buying, ask each insurance company what discounts are available to you. Discounts might not be offered in your state.
When it comes to choosing proper insurance coverage, there really is no “perfect” insurance plan. Every situation is different.
Here are some questions about coverages that can help discover whether or not you would benefit from an agent’s advice.
If you can’t answer these questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.
Insurance coverage providers like State Farm and Allstate continually stream ads in print and on television. They all have a common claim of big savings after switching to them. But how can every company claim to save you money? This is how they do it.
All the different companies are able to cherry pick for the driver that makes them money. An example of a profitable customer could possibly be between the ages of 40 and 55, owns a home, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications will get the preferred rates and as a result will probably save when switching.
Drivers who are not a match for the “perfect” profile will be quoted more money and this can result in the driver buying from a lower-cost company. The ads say “people who switch” not “people who quote” save that much money. That’s the way insurance companies can confidently make the claims of big savings.
This emphasizes why drivers must get as many comparisons as possible. Because you never know which insurance coverage company will fit your personal profile best.
Knowing the specifics of your policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for things such as rock chips in glass, theft, a tree branch falling on your vehicle, hail damage and hitting a bird. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Insurance for medical payments
Coverage for medical payments and/or PIP reimburse you for expenses like X-ray expenses, EMT expenses, pain medications and nursing services. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Collision coverage protection
Collision insurance will pay to fix damage to your Spark EV resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like driving through your garage door, rolling your car, crashing into a building, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible in order to get cheaper collision rates.
Auto liability insurance
Liability coverage will cover damage that occurs to other’s property or people by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Some companies may use one number which is a combined single limit which provides one coverage limit without having the split limit caps.
Liability can pay for things like repair bills for other people’s vehicles, pain and suffering, funeral expenses, legal defense fees and attorney fees. How much liability coverage do you need? That is your choice, but buy higher limits if possible.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your 2014 Chevy Spark EV.
Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are set the same as your liablity limits.
People switch companies for a variety of reasons including questionable increases in premium, delays in paying claims, policy cancellation and even high rates after DUI convictions. It doesn’t matter what your reason, finding a new company is pretty simple and you could end up saving a buck or two.
When trying to cut insurance costs, you should never skimp on coverage in order to save money. There are too many instances where an insured cut comprehensive coverage or liability limits and learned later they didn’t purchase enough coverage. Your strategy should be to find the BEST coverage at a price you can afford, not the least amount of coverage.
The cheapest 2014 Chevy Spark EV insurance can be bought online as well as from independent agents, and you need to price shop both to have the best selection. There are still a few companies who don’t offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.
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