Lower Your 2023 Chevrolet Bolt EV Insurance Quotes in 2024

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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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Searching for lower car insurance rates for your Chevrolet Bolt EV? When searching for lower-priced insurance, do you get frustrated by the crazy number of car insurance companies available to you? drivers have so many companies available that it can easily turn into a challenge to find the lowest price.

It’s important to shop coverage around before your policy renews due to the fact that insurance prices are variable and change quite frequently. Even if you think you had the best deal on Bolt EV coverage six months ago there is a good chance you can find better rate quotes now. Forget anything you know (or think you know) about car insurance because you’re going to learn one of the easiest ways to remove unneeded coverages and save money.

The purpose of this article is to help you learn how to effectively get price quotes and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these tips. But drivers should learn the methods companies use to compete online because it can help you find the best coverage.

Are you getting every discount?

Buying car insurance is not cheap, but you might already qualify for some discounts that can help lower your rates. A few discounts will automatically apply at the time you complete a quote, but a few must be asked for before you get the savings. If you don’t get every credit possible, you are throwing money away.

  • Drivers Education – Have your child successfully take a drivers education course as it can save substantially.
  • Air Bag Discount – Vehicles equipped with air bags or motorized seat belts may get savings up to 30%.
  • Multi-car Discount – Purchasing coverage when you have multiple cars on the same car insurance policy may reduce the rate for each vehicle.
  • Low Mileage – Keeping the miles down on your Chevy could qualify for cheaper prices.
  • Braking Control Discount – Vehicles with ABS braking systems or traction control can stop better under adverse conditions and earn discounts up to 10%.
  • No Charge for an Accident – Not a discount per se, but some insurance companies permit an accident before your rates go up if you are claim-free for a specific time period.
  • Mature Driver Discount – Seniors may be able to get a slight reduction on a insurance coverage quote on Bolt EV coverage.
  • Data Collection Discounts – Policyholders that allow companies to study vehicle usage by using a telematics device such as Progressive’s Snapshot might see lower rates if they exhibit good driving behavior.
  • Save with a New Car – Adding a new car to your policy is cheaper since newer vehicles have better safety ratings.
  • Full Payment Discount – If paying your policy premium upfront instead of monthly or quarterly installments you can avoid the installment charge.

Policy discounts save money, but most discount credits are not given to your bottom line cost. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Despite the appearance that all the discounts add up to a free policy, it’s just not the way it works. But any discount will positively reduce the cost of your policy.

A list of car insurance companies and the discounts they provide are outlined below.

  • GEICO has discounts for emergency military deployment, multi-vehicle, seat belt use, military active duty, federal employee, driver training, and anti-lock brakes.
  • Travelers includes discounts for student away at school, new car, multi-car, continuous insurance, and home ownership.
  • Nationwide policyholders can earn discounts including anti-theft, Farm Bureau membership, accident-free, defensive driving, business or organization, and easy pay.
  • Farmers Insurance offers discounts including mature driver, alternative fuel, pay in full, good student, and homeowner.
  • Esurance offers premium reductions for safety device, renters, online quote, anti-lock brakes, defensive driver, and Pac-12 alumni.
  • State Farm may have discounts that include accident-free, good driver, driver’s education, good student, and student away at school.
  • Progressive may offer discounts for good student, online quote discount, homeowner, online signing, multi-vehicle, and continuous coverage.
  • Mercury Insurance offers discounts for anti-theft, multi-car, good student, location of vehicle, ease of repair, and professional/association.

Before purchasing a policy, check with every insurance company which discounts they offer. Some of the earlier mentioned discounts might not be offered in your area.

Shop insurance coverage online

There are multiple methods to compare insurance coverage quotes, but some are less time-consuming than others. You can spend your afternoon talking to insurance companies in your area, or you could use the internet to get rates in a matter of minutes.

All the larger companies take part in a program where prospective buyers send in one quote, and every company then gives them pricing based on that information. This saves time by eliminating quote forms to each individual insurance coverage company.

To enter your information into the quoting system, enter your zip code here.

The one disadvantage to using this type of system is that consumers can’t choose which companies to get pricing from. If you wish to select specific providers to compare, we put together a list of companies who write insurance coverage in your area. Click to enter zip code.

Compare rates however you want, just do your best to use nearly identical information on every price quote you get. If the quotes have different values for each quote it’s not possible to find the best deal for your Chevy Bolt EV. Slightly different coverage limits can mean a large discrepancy in price. And when comparison shopping, more quotes will increase your chances of finding more affordable insurance. Some smaller insurers to not give online rate quotes, so it’s recommended that you also compare prices on coverage from those companies, too.

When in doubt talk to an agent

When it comes to buying the best insurance coverage, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

For instance, these questions may help highlight whether your personal situation may require specific advice.

  • Is my babysitter covered when using my vehicle?
  • When should I drop full coverage on my 2023 Chevy Bolt EV?
  • When should I not file a claim?
  • What is the rate difference between pleasure use and commuting?
  • Are my friends covered when driving my 2023 Chevy Bolt EV?
  • Should I buy only the required minimum liability coverage?
  • If my 2023 Chevy Bolt EV is totaled, can I afford another vehicle?
  • What is the difference between comprehensive and collision coverage?
  • What is no-fault insurance?

If you don’t know the answers to these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete your zip code.

Insurance coverage considerations

Knowing the specifics of your insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.

Comprehensive auto coverage

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

Comprehensive coverage protects against things such as falling objects, fire damage, damage from getting keyed, damage from a tornado or hurricane and hail damage. The highest amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Auto liability

This protects you from damage that occurs to other people or property. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability can pay for claims such as medical expenses, court costs and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Collision coverage

Collision coverage covers damage to your Bolt EV from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision insurance covers things such as scraping a guard rail, sideswiping another vehicle, colliding with a tree, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family and also any damage incurred to your Chevy Bolt EV.

Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.

Medical payments and PIP coverage

Med pay and PIP coverage kick in for expenses for things like chiropractic care, X-ray expenses, doctor visits, hospital visits and ambulance fees. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Compare but don’t skimp

Consumers change insurance companies for any number of reasons including policy non-renewal, delays in paying claims, high rates after DUI convictions and even not issuing a premium refund. It doesn’t matter why you want to switch choosing a new company can be easy and end up saving you some money.

You just learned a lot of tips how to shop for 2023 Chevy Bolt EV insurance online. The most important thing to understand is the more times you quote, the higher your chance of finding inexpensive insurance coverage. You may even discover the lowest priced auto insurance comes from a smaller regional carrier.

Cost effective 2023 Chevy Bolt EV insurance can be found both online in addition to local insurance agencies, so you need to shop insurance coverage with both to have the best rate selection. Some auto insurance companies may not have rate quotes online and these smaller companies sell through local independent agents.

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