The preferred way to get low-cost Chevy Volt insurance is to regularly compare prices from companies who sell auto insurance in Louisville. You can compare prices by completing these steps.
- Step 1: Take a little time to learn about what coverages are included in your policy and the modifications you can make to keep rates in check. Many policy risk factors that result in higher prices like traffic citations, accidents, and a substandard credit history can be rectified by making minor driving habit or lifestyle changes. Keep reading for additional tips to help prevent expensive coverage and get bigger discounts that may have been overlooked.
- Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or State Farm, while independent agencies can provide price quotes from many different companies.
- Step 3: Compare the quotes to your current policy premium to see if a cheaper price is available. If you find a better price and buy the policy, ensure there is no coverage lapse between policies.
One piece of advice is to use similar limits and deductibles on every quote and and to compare as many auto insurance providers as possible. Doing this provides a fair price comparison and many rates to choose from.
It’s an obvious assumption that car insurance companies don’t want customers comparing rates. Insureds who get price comparisons are very likely to switch companies because there is a high probability of finding coverage at a cheaper rate. A study showed that drivers who faithfully checked for cheaper rates saved approximately $70 a month compared to policyholders who never shopped around for lower prices.
If finding the lowest price for Chevy Volt insurance in Louisville is your ultimate goal, then knowing how to choose a company and compare coverages can save time, money, and frustration.
Just remember that comparing more rates from different companies gives you a better chance of getting the best price.
The following companies are ready to provide free rate quotes in Kentucky. In order to find cheaper car insurance in Louisville, we suggest you get prices from several of them to get the cheapest price.
Choosing the best vehicle insurance in Kentucky is an important decision
Even though Louisville Volt insurance rates can get expensive, car insurance is most likely required but also gives you several important benefits.
- Most states have minimum liability requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance in order to drive the car legally. In Kentucky these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Chevy Volt, almost every bank will have a requirement that you carry insurance to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Chevy at an extremely high rate and require you to pay for it.
- Insurance safeguards your vehicle and your assets. Insurance will also pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability coverage, the one required by state law, will also pay for a defense attorney if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, your car insurance policy will pay to repair the damage minus the deductible amount.
The benefits of buying car insurance more than cancel out the cost, especially when you need to use it. Unknowingly, the average driver overpays more than $750 every year so it’s important to compare rates once a year at a minimum to help ensure money is not being wasted.
Affordable rates on Chevy Volt insurance in Louisville with these seven insurance discounts
Car insurance can cost a lot, but there could be significant discounts to cut the cost considerably. A few discounts will automatically apply when you quote, but a few need to be manually applied in order for you to get them.
- Active Military Service – Being on active duty in the military can result in better rates.
- Discounts for Government Workers – Federal government employees could cut as much as 10% off but check with your company.
- Anti-lock Brakes – Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents and will save you 10% or more on Volt insurance in Louisville.
- Defensive Driver Discount – Completing a course teaching driver safety skills could earn you a small percentage discount depending on where you live.
- More Vehicles More Savings – Purchasing coverage when you have several vehicles on one policy can get a discount on all vehicles.
- No Claim Discounts – Drivers who don’t have accidents can earn big discounts compared to policyholders that have many claims.
- Discounts for Cautious Drivers – Drivers who avoid accidents can save up to 40% or more on their Louisville auto insurance quote compared to rates paid by drivers with frequent claims.
Discounts lower rates, but most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. Just because it seems like it’s possible to get free car insurance, it doesn’t quite work that way.
To locate insurance companies that have a full spectrum of discounts in Louisville, click here.
Compare rate quotes but buy from a local neighborhood Louisville car insurance agent
Many drivers prefer to have an agent’s advice and doing that can be a smart decision One of the benefits of comparing rates online is the fact that you can find lower auto insurance rates and still choose a local agent.
By using this short form, your coverage information is transmitted to participating agents in Louisville that can provide free Louisville auto insurance quotes to get your business. There is no need to leave your computer since price quotes are sent immediately to you. You can most likely find cheaper rates without having to waste a lot of time. If you need to get a comparison quote from a specific car insurance provider, you can always find their quoting web page and submit a quote form there.
Finding a good insurer is decision based upon more than just a cheap quote. Below are some questions you should ask.
- In the event of vehicle damage, can you pick the collision repair facility?
- Can glass claims be handled at your home?
- Is there any savings for paying the full premium?
- Does the agent help file claims?
- What is their Better Business Bureau rating?
If you want a reliable insurance agency, it can be helpful to understand the different types of agents and how they can quote your rates. Car insurance agencies are either exclusive agents or independent agents.
Exclusive insurance agents write business for a single company and examples are Farmers Insurance, Allstate, or State Farm. They are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents are very knowledgeable on sales techniques which helps overcome the inability to quote other rates.
The following are exclusive agencies in Louisville who can help you get comparison quotes.
Independent Agencies or Brokers
Independent agencies can sell policies from many different companies so they can quote policies with any number of different companies depending on which coverage is best. To move your coverage to a new company, they simply switch companies in-house and you don’t have to switch agencies. If you need cheaper car insurance rates, you need to include price quotes from independent agents to have the most options to choose from.
Below are Louisville independent insurance agencies that can give you price quotes.
Nationwide Insurance: Lisa Spalding Sherman Insurance Agency Inc
10339 Linn Station Rd – Louisville, KY 40223 – (502) 423-1611 – View Map
Car insurance is unique, just like you
When choosing the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Your situation is unique so your insurance should reflect that
For instance, these questions can aid in determining if your insurance needs might need professional guidance.
- When do I need to add a new car to my policy?
- Where can I find high-risk insurance?
- How do I file an SR-22 for a DUI in Kentucky?
- Should I put collision coverage on all my vehicles?
- Is my business laptop covered if it gets stolen from my vehicle?
- Why do I only qualify for high-risk insurance?
- Who is covered by my policy?
If you can’t answer these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.
Specific coverage details
Learning about specific coverages of insurance can be of help when determining which coverages you need for your vehicles. Policy terminology can be ambiguous and coverage can change by endorsement. These are the usual coverages found on the average insurance policy.
This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits (Kentucky limits are 25/50/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as sideswiping another vehicle, damaging your car on a curb, sustaining damage from a pot hole and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also increase the deductible on your Volt in order to get cheaper collision rates.
Coverage for liability
Liability insurance provides protection from damages or injuries you inflict on people or other property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/10 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and a total limit of $10,000 for damage to vehicles and property.
Liability can pay for claims like bail bonds, repair bills for other people’s vehicles and medical services. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford. Kentucky requires minimum liability limits of 25/50/10 but it’s recommended drivers buy higher limits.
The chart below demonstrates why buying the state minimum limits may not be adequate coverage.
Medical costs insurance
Med pay and PIP coverage kick in for expenses such as ambulance fees, funeral costs, hospital visits, X-ray expenses and dental work. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
Comprehensive or Other Than Collision
This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as hail damage, hitting a bird, a broken windshield and rock chips in glass. The highest amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Frequent quotes can save
Cheaper Chevy Volt insurance in Louisville can be purchased on the web in addition to local insurance agencies, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies may not provide internet price quotes and usually these smaller companies only sell through independent agents.
As you go through the steps to switch your coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There are a lot of situations where someone dropped full coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase a proper amount of coverage at a price you can afford, but do not skimp to save money.
More tips and info about insurance can be found in these articles:
- Auto Insurance 101 (About.com)
- Who Has Affordable Louisville Auto Insurance Quotes for Low Income Drivers? (FAQ)
- How Much are Car Insurance Quotes for a Ford Fusion in Louisville? (FAQ)
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Bodily Injury Coverage (Liberty Mutual)
- Credit and Insurance Scores (Insurance Information Institute)