How many times have you told yourself to find more affordable Chevy Volt insurance in Austin? I doubt anyone fancies paying their premiums for insurance, especially when they could find better rates elsewhere.
Sad but true, the vast majority of consumers have remained with the same insurance company for more than four years, and almost 40% of drivers have never compared rates from other carriers. Texas drivers can save nearly 70% each year, but they don’t want to spend time to compare rate quotes online.
Big-name insurance companies like GEICO, Progressive and Allstate constantly blast consumers with TV and radio ads and it is challenging if not impossible to not get sucked in by the cute commercials and do the work needed to find the best deal.
It’s a great practice to get comparison quotes on a regular basis since insurance prices are usually higher with each renewal. Despite the fact that you may have had the lowest rate on Chevy Volt insurance in Austin at your last renewal you will most likely find a better premium rate today. Block out anything you think you know about insurance because it’s time to teach you how to use the internet to properly buy coverages and cut your premium.
If you have coverage now, you will definitely be able to find better prices using the techniques presented in this article. Buying the cheapest insurance in Austin can be made easier if you know where to look. Although Texas drivers must comprehend the methods companies use to calculate your policy premium because rates fluctuate considerably.
The majority of larger companies allow consumers to get pricing directly from their websites. Doing online quotes for Chevy Volt insurance in Austin is fairly simple as all you need to do is type in your coverage preferences into the quote form. When the form is submitted, their system will obtain credit information and your driving record and provides a quote based on these and other factors. The ability to get online rates for Chevy Volt insurance in Austin simplifies rate comparisons, and it’s necessary to have as many quotes as possible if you want to get the best rate.
To find out how much you’re overpaying now, consider comparing rates from the companies shown below. If you currently have coverage, we recommend that you enter the insurance coverages as close as possible to your current policy. This makes sure you are getting a fair comparison based on the exact same insurance coverage.
The companies in the list below can provide quotes in Austin, TX. If more than one company is shown, it’s a good idea that you click on several of them to get the lowest price.
Protect more than your Volt
Despite the potentially high cost of Chevy Volt insurance, insuring your vehicle serves an important purpose.
- Just about all states have mandatory liability insurance requirements which means state laws require specific limits of liability protection if you want to drive legally. In Texas these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If you bought your Volt with a loan, almost every bank will require you to have physical damage coverage to ensure the loan is repaid in case of a total loss. If coverage lapses or is canceled, the bank may insure your Chevy for a lot more money and force you to reimburse them for it.
- Insurance safeguards not only your Chevy Volt but also your assets. It also can pay for many types of medical costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, your policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance are definitely more than the cost, particularly when you have a large claim. As of last year, the average driver in Texas is wasting up to $855 a year so shop around at every renewal to ensure rates are inline.
Smart Buyers Save on Insurance
Many factors are part of the equation when you get a price on insurance. A few of the factors are predictable like your driving record, but other criteria are less obvious such as your marital status or how safe your car is. An important part of buying insurance is that you know the rating factors that play a part in calculating your car insurance rates. If you understand what controls the rates you pay, this allows you to make educated decisions that will entitle you to big savings.
Shown below are some of the most common factors used by companies to determine premiums.
- The type of car, truck or SUV you drive affects your costs – The performance level of the car you are trying to find cheaper insurance for makes a big difference in how high your rates are. The lowest base rates are usually for low performance passenger models, but the final cost of insurance is determined by many other factors. Since the Chevrolet Volt is classified as a passenger car, insurance will be similar in price or lower as compared to the average rate in Austin.
- Premiums are affected by your credit score – Credit history will be a significant factor in determining premium rates. Drivers with high credit scores tend to file fewer claims than drivers who have lower ratings. If your credit is low, you could save money insuring your Chevrolet Volt by repairing your credit.
- Lower rates for cars with good safety ratings – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles reduce occupant injuries and fewer serious injuries means your insurance company pays less which can mean better rates for you. If your Chevy Volt is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
- Your job can affect premiums – Do you work in a high-stress field? Careers like judges, air traffic controllers, and medical professionals are shown to have higher average rates in part from job stress and extremely grueling work hours. On the flip side, occupations like actors, historians and retirees get better rates.
- Chevy Volt insurance loss statistics – Insurance companies analyze the history of losses to help determine the rate you pay. Vehicles that the data shows to have higher frequency or amount of claims will cost more for specific coverages.
The table below outlines the historical insurance loss data for Chevy Volt vehicles. For each coverage category, the claim amount for all vehicles averaged together equals 100. Values that are 100 or less indicate better than average losses, while values that are above 100 indicate a higher chance of having a claim or tendency to have higher losses.
Insurance Loss Ratings for Chevrolet Volt Vehicles
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Volt Electric 89 83 81 71 73 90
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Lower rates by qualifying for discounts
Companies offering auto insurance do not list every available discount in an easy-to-find place, so the following is a list of both well-publicized and also the more inconspicuous insurance savings.
- Multi-policy Discount – When you have multiple policies with one company you may earn at least 10% off all policies.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and will save you 10% or more on Volt insurance in Austin.
- Discount for New Cars – Insuring a new Volt can be considerably cheaper due to better safety requirements for newer vehicles.
- Discount for Low Mileage – Keeping the miles down on your Chevy may allow you to get lower insurance rates due to less chance of an accident.
- Paperless Signup – A few larger companies will give a small break for signing up on the web.
- Federal Government Employee – Having worked for a branch of the government could cut as much as 10% off with some insurance companies.
- Multiple Vehicles – Insuring primary and secondary vehicles with one company can reduce rates for all insured vehicles.
- Sign Early and Save – Some larger companies give discounts for switching to them prior to your current Volt insurance policy expiration. This can save 10% or more.
As a sidenote, some credits don’t apply to your bottom line cost. Most only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears you would end up receiving a 100% discount, it doesn’t quite work that way. Any amount of discount will help reduce your overall bill.
A few popular companies and a partial list of their discounts are outlined below.
- American Family may offer discounts for Steer into Savings, mySafetyValet, accident-free, air bags, and multi-vehicle.
- Nationwide may include discounts for business or organization, accident-free, multi-policy, anti-theft, easy pay, defensive driving, and family plan.
- MetLife offers discounts for defensive driver, good driver, accident-free, multi-policy, claim-free, and good student.
- 21st Century discounts include early bird, good student, automatic seat belts, 55 and older, theft prevention, defensive driver, and air bags.
- Farmers Insurance may have discounts that include bundle discounts, early shopping, youthful driver, distant student, mature driver, homeowner, and alternative fuel.
- Allstate includes discounts for premier discount, resident student, early signing, premier plus, multi-policy, anti-theft, and eSmart discount.
When getting free Austin car insurance quotes, it’s a good idea to every company which credits you are entitled to. A few discounts may not apply to policyholders everywhere. If you would like to see a list of insurance companies that provide some of the discounts listed above in Texas, click here to view.
Compare rate quotes but work with a neighborhood Austin auto insurance agent
Many drivers still prefer to go talk to an agent and there is nothing wrong with that. One of the best bonuses of price shopping on the web is you may find the lowest rates but still work with a licensed agent. Buying from neighborhood insurance agencies is especially important in Austin.
Upon completion of this form (opens in new window), the quote information is immediately sent to insurance agents in Austin that can give you free Austin car insurance quotes for your business. You don’t have to search for any insurance agencies since price quotes are sent immediately to you. You can get cheaper insurance rates and work with a local agent. If you need to compare rates from one company in particular, just go to their quote page to submit a rate quote request.
Multiple types of auto insurance agents in Austin
If you would like to find an insurance agent, it can be helpful to understand the different agency structures from which to choose. Insurance agents in Austin can be classified as either exclusive agents or independent agents.
Independent Insurance Agencies
Independent agents are not limited to a single company and that is an advantage because they can write policies with any number of different companies and possibly get better coverage at lower prices. If they find a cheaper price, they can switch companies in-house and that require little work on your part. If you need lower rates, we recommend you get insurance quotes from at a minimum one independent agency to ensure the widest selection of prices.
Below is a list of independent insurance agents in Austin that may be able to give you price quotes.
Exclusive Insurance Agents
Agents that elect to be exclusive can only quote rates from one company like Allstate, State Farm and Farm Bureau. These agents are unable to shop your coverage around so they have no alternatives for high prices. These agents receive extensive training on their company’s products which helps overcome the inability to quote other rates.
The following is a list of exclusive insurance agencies in Austin who can help you get comparison quotes.
Finding the right auto insurance agent requires you to look at more than just a cheap quote. The answers to these questions are important, too.
- Is every driver in your family covered?
- If independent agents, which companies do they recommend?
- How many years have they been established?
- Will you work with the agent or an assistant?
- Can you contact them at any time?
Upon receiving good responses to your questions and locked in a price quote, you may have just found an insurance agency that will insure your vehicles.
What is YOUR best insurance company?
We just covered some good ideas how you can compare Chevy Volt insurance premium rates in Austin. The key thing to remember is the more you quote Austin car insurance, the better your comparison will be. Consumers could even find that the best premium rates are with some of the smallest insurance companies. These companies may often insure only within specific states and give better rates than their larger competitors like Allstate and Progressive.
As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. There are a lot of situations where someone sacrificed liability coverage limits only to discover later that they should have had better coverage. The proper strategy is to get the best coverage possible at the best possible price, but do not sacrifice coverage to save money.
Discount Chevy Volt insurance in Austin can be purchased both online and with local Austin insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies may not offer online rate quotes and usually these small insurance companies only sell through local independent agencies.
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