Cheaper 2021 Chevrolet Bolt EV Insurance Cost in 2024

Trying to find cheaper insurance rates for your Chevrolet Bolt EV? If you are a novice to online insurance shopping, by this point your are probably bewildered by the sheer number local agents and online companies competing for business.

Finding affordable auto insurance coverage is easy if you know what you’re doing. Just about every driver who is shopping for auto insurance will most likely be able to reduce their rates. Although car owners must learn how the larger insurance companies determine prices and apply this information to your search.

Don’t overlook these insurance coverage discounts

Some insurers do not list every possible discount very well, so we researched both the well known and the harder-to-find discounts that you can inquire about if you buy car insurance online. If you are not receiving all the discounts you deserve, you’re just leaving money on the table.

• Anti-theft System – Cars that have factory anti-theft systems help deter theft and will save you 10% or more.
• Discount for Passive Restraints – Vehicles equipped with air bags or automatic seat belts may get savings of 25 to 30%.
• Claim Free – Insureds who avoid accidents and claims pay less when compared to drivers who are more careless.
• Early Switch Discount – Some companies give discounts for switching policies prior to your current policy expiring. Ten percent is about the average savings.
• Policy Bundle Discount – If you can bundle your auto and home insurance and insure them with the same company you could get a discount of at least 10% off all policies.
• Early Payment Discounts – By paying your entire bill at once instead of making monthly payments you could save 5% or more.
• Military Rewards – Being deployed with a military unit could trigger a small discount.
• Drive Safe and Save – Drivers without accidents could pay up to 40% less for Bolt EV coverage as compared to drivers with claims.

Don’t be shocked that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you aren’t that lucky. Any qualifying discounts will reduce the cost of coverage.

The best insurance coverage companies and a summarized list of policyholder discounts are shown below.

• American Family may have discounts that include defensive driver, good student, Steer into Savings, accident-free, bundled insurance, and multi-vehicle.
• Farm Bureau has savings for multi-vehicle, multi-policy, 55 and retired, driver training, renewal discount, good student, and youthful driver.
• State Farm discounts include Drive Safe & Save, Steer Clear safe driver discount, multiple policy, defensive driving training, accident-free, and anti-theft.
• Travelers may include discounts for payment discounts, IntelliDrive, new car, continuous insurance, driver training, student away at school, and good student.
• The Hartford has discounts for vehicle fuel type, bundle, defensive driver, good student, driver training, air bag, and anti-theft.
• GEICO offers discounts including defensive driver, daytime running lights, seat belt use, anti-lock brakes, and membership and employees.
• Progressive may offer discounts for continuous coverage, online signing, online quote discount, multi-policy, multi-vehicle, good student, and homeowner.

Double check with all the companies which discounts they offer. Some credits might not be offered in every state. To see insurance companies with discount insurance coverage rates, enter your zip code here.

How to get the cheapest insurance coverage

There are several ways to get quotes from insurance coverage companies in your area. The quickest method to compare 2021 Chevy Bolt EV insurance prices is to get quotes online. It’s really quite simple and can be done by using one of the methods below.

1. The fastest way to compare a lot of rates at once is a comparison rater form. This type of form saves time by eliminating repetitive form entry to each individual insurance coverage company. Filling out one form compares rates from several companies. This is by far the quickest method.
2. A slightly less efficient method to get comparison quotes consists of visiting each company’s website and complete a new quote form. For examples sake, we’ll pretend you want to get rates from GEICO, Liberty Mutual and Farmers. You would have to go to each individual site to enter the same coverage data repeatedly, which is not fast way to get rate quotes.

However you get your quotes, do your best to use apples-to-apples coverages with each company. If you use different liability limits it will be very difficult to decipher which rate is best. Quoting even small variations in limits may result in large price differences. And when price shopping your coverage, comparing more company’s prices will enable you to find a lower rate than you’re paying now.

When to get professional advice

When buying proper insurance coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique.

These are some specific questions may help highlight if your insurance needs may require specific advice.

• When can I cancel my policy?
• Am I covered if I hit my neighbor’s mailbox?
• Does my car insurance cover rental cars?
• Does coverage extend to a rental car in a foreign country?
• Is extra glass coverage worth it?
• Do I need higher collision deductibles?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, simply complete your zip code.

Specific coverages for a 2021 Chevy Bolt EV

Understanding the coverages of your insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims like hail damage, damage from flooding and rock chips in glass. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Collision coverage protection

This covers damage to your Bolt EV from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage protects against things like backing into a parked car, colliding with a tree, scraping a guard rail, hitting a mailbox and sustaining damage from a pot hole. This coverage can be expensive, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Bolt EV.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally these limits do not exceed the liability coverage limits.

Medical expense coverage

Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like doctor visits, ambulance fees, nursing services and prosthetic devices. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage

Auto liability

Liability insurance will cover injuries or damage you cause to people or other property that is your fault. It protects you against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability can pay for claims such as repair bills for other people’s vehicles, legal defense fees, attorney fees, funeral expenses and loss of income. How much coverage you buy is your choice, but you should buy as large an amount as possible.

Don’t throw your cash in the trash

Consumers change insurance companies for any number of reasons including denial of a claim, delays in paying claims, high rates after DUI convictions or even questionable increases in premium. Whatever your reason, switching insurance coverage companies is less work than it seems.

As you prepare to switch companies, do not sacrifice coverage to reduce premiums. There are many occasions where an insured dropped physical damage coverage only to regret they didn’t purchase enough coverage. Your strategy should be to get the best coverage possible for the lowest price, but don’t skip important coverages to save money.

Low-cost 2021 Chevy Bolt EV insurance can be bought on the web and with local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some companies may not have online price quotes and most of the time these smaller companies prefer to sell through local independent agents.