Are you sick of overpaying and want more affordable Chevy Volt insurance in Denver? Expensive Chevrolet Volt insurance in Denver can drain your bank account and force you to prioritize other expenses. Performing a price comparison can be a smart way to make sure you're not throwing money away.
A recent auto insurance study discovered that almost 70% of insureds in Colorado renewed their policy with the same company for well over three years, and roughly 40% of drivers have never compared quotes from other companies. Many drivers in the U.S. could save as much as $859 every year, but they don't know the benefits if they changed companies.
Due to the large number of options when it comes to auto insurance, it is very difficult to choose the cheapest insurer.
Low-cost companies for Chevy Volt insurance
The companies in the list below offer quotes in Denver, CO. If more than one company is shown, we recommend you get price quotes from several of them to get the most competitive price.
Affordable rates on Chevy Volt insurance in Denver with these five auto insurance discounts
Some companies don't necessarily list all their discounts very clearly, so the list below details some of the more common and the harder-to-find credits available to bring down your rates.
- Student Driver Training - Require your teen driver to participate in a local driver's education class if it's offered in school.
- Accident Waiver - This isn't a discount exactly, but some insurance companies permit an accident without raising rates so long as you haven't had any claims for a set time period.
- Save with a New Car - Putting insurance on a new Volt can save you some money because newer vehicles keep occupants safer.
- Discounts for Good Drivers - Drivers who don't get into accidents can get discounts for up to 45% lower rates than their less cautious counterparts.
- Defensive Driver Discount - Participating in a class that teaches driver safety techniques is a good idea and can lower rates if you qualify.
Just know that some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like medical payments or collision. Just because you may think you would end up receiving a 100% discount, it doesn't quite work that way.
A few companies that may offer quotes with some of the discounts shown above may include but are not limited to:
Double check with every prospective company what discounts are available to you. Savings might not be offered in Denver. To locate companies who offer cheap Chevy Volt insurance quotes in Denver, follow this link.
When to have guidance from an agent
Certain consumers still like to sit down and talk to an agent and we recommend doing that A nice benefit of comparing rate quotes online is the fact that you can find cheap auto insurance rates and still have a local agent.
After filling out this simple form, your insurance data is emailed to agents in your area who will give competitive quotes for your insurance coverage. You never need to leave your house because quoted prices will be sent to you instantly. You can most likely find cheaper rates without requiring a lot of work. If for some reason you want to get a rate quote from a particular provider, you just need to navigate to their website and submit a quote form there.
Finding the right provider requires you to look at more than just the quoted price. Here are some questions you might want to ask.
- How much can you save by raising your physical damage deductibles?
- Are there any extra charges for paying monthly?
- Are they primarily personal or commercial lines agents in Denver?
- What insurance companies do they work with in Denver?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Is the agent CPCU or CIC certified?
Independent or Exclusive: It's your choice
When finding a local Denver insurance agent, it can be helpful to understand the types of insurance agents that you can select. Agents in Denver can be classified as either independent (non-exclusive) or exclusive.
Exclusive Insurance Agents
Agents that choose to be exclusive can only provide pricing for a single company and some examples include Allstate and State Farm. Exclusive agencies are unable to shop your coverage around so they really need to provide good service. Exclusive agents are usually well trained on their products and sales techniques and that enables them to sell even at higher rates.
Shown below is a short list of exclusive agents in Denver willing to provide price quotes.
Independent Agents (or Brokers)
Independent agents are not employed by any specific company and that enables them to quote your coverage with multiple insurance companies and find the cheapest auto insurance rates. If they find a cheaper price, an independent agent can move your coverage and you won't have to switch agencies.
When comparing auto insurance rates, you will want to include several independent agencies for the best price selection.
Shown below is a list of independent insurance agencies in Denver that are able to give price quote information.
Tricks in auto insurance advertising
Companies like Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. All the companies seem to make the promise about savings if you get a free Denver auto insurance quote and switch your coverage to them. How can each company have lower policy pricing? It's all in the numbers.
Different companies provide the lowest rates for the type of driver that will not have excessive claims. For instance, this type of risk profile could possibly be over the age of 40, has had continuous coverage, and drives a lower-performance vehicle. Any driver that fits those parameters is entitled to the best price and will also save if they switch.
People who fall outside those criteria may be required to pay higher rates with the end result being business not being written. The ads say "drivers that switch" not "everyone that quotes" save that much when switching. That's why insurance companies can confidently make the claims of big savings. This really illustrates why you absolutely need to get a wide range of price quotes. It's not possible to predict which insurance companies will have the best premium rates for your profile.
Auto insurance coverage considerations
Understanding the coverages of your policy aids in choosing appropriate coverage for your vehicles. Auto insurance terms can be impossible to understand and coverage can change by endorsement. These are typical coverages found on the average auto insurance policy.
Auto liability insurance - This coverage will cover damages or injuries you inflict on a person or their property. 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 commonly see values of 25/50/15 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $15,000 for damage to vehicles and property.
Liability can pay for things like pain and suffering, medical services and bail bonds. How much liability should you purchase? That is up to you, but consider buying higher limits if possible. Colorado state minimum liability requirements are 25/50/15 but drivers should carry better liability coverage.
Med pay and Personal Injury Protection (PIP) - Coverage for medical payments and/or PIP provide coverage for short-term medical expenses for things like rehabilitation expenses, doctor visits and dental work. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and may carry a deductible
Comprehensive insurance - This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things such as hitting a bird, vandalism, theft and damage from getting keyed. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM) - Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your Chevy Volt.
Since a lot of drivers carry very low liability coverage limits (25/50/15), it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Collision - Collision coverage covers damage to your Volt caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as colliding with a tree, hitting a parking meter, colliding with another moving vehicle and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also raise the deductible on your Volt to bring the cost down.
Shop smart and save
The cheapest Chevy Volt insurance in Denver can be sourced both online and from local agencies, so you need to shop Denver auto insurance with both so you have a total pricing picture. Some insurance providers do not provide price quotes online and these smaller providers sell through independent insurance agencies.
When getting Denver auto insurance quotes online, do not reduce needed coverages to save money. In too many instances, drivers have reduced collision coverage and discovered at claim time that they should have had better coverage. Your goal should be to buy the best coverage you can find at a price you can afford.
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