A study showed that the majority of drivers kept their policy with the same company for at least four years, and almost half have never compared rates with other companies. With the average auto insurance premium being $1,440, Nebraska drivers could cut their rates by up to 30% a year, but most just don’t grasp the amount of savings they would get if they switched.
Really, the only way to get cheaper Chevy Volt insurance in Lincoln is to annually compare prices from companies in Nebraska.
- Step 1: It will benefit you to learn about how your policy works and the measures you can control to keep rates low. Many policy risk factors that cause high rates like speeding and a less-than-favorable credit rating can be eliminated by making minor changes in your lifestyle. Read the full article for more ideas to get better rates and find possible discounts that are available.
- Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give prices from one company like Progressive and State Farm, while agents who are independent can provide rate quotes from multiple insurance companies. View rates
- Step 3: Compare the new rate quotes to your current policy to see if you can save by switching companies. If you find a lower rate quote and make a switch, make sure coverage is continuous and does not lapse.
- Step 4: Notify your agent or company to cancel your current auto insurance policy. Submit the completed application along with a down payment for your new policy. Once received, put the proof of insurance paperwork in an easily accessible location.
The critical component of shopping around is that you’ll want to compare identical coverages on every quote request and and to analyze as many car insurance companies as possible. Doing this enables an accurate price comparison and maximum price selection.
Cutting your Lincoln car insurance rates is not rocket science. Drivers just need to spend a few minutes getting comparison quotes from online providers.
Doing online rate quotes comparisons is so easy that it replaces the need to spend time driving to and from local Lincoln insurance agencies. Comparing online rate quotes makes this process obsolete unless you’re the type of person who wants the personal advice of a licensed agent. Drivers can price shop online but buy the policy through an agent.
The companies shown below provide quotes in Nebraska. To get cheap car insurance in Lincoln, it’s a good idea that you visit two to three different companies in order to get a fair rate comparison.
Lower-cost Chevy Volt insurance in Lincoln
Insuring your fleet can be pricey, but you may be missing some discounts that can drop the cost substantially. A few discounts will automatically apply at the time of purchase, but some must be manually applied before you will receive the discount. If you are not receiving all the discounts you qualify for, you could be saving more on your insurance.
- Policy Bundle Discount – When you combine your auto and home insurance with one insurance company you could earn a discount of approximately 10% to 15%.
- Membership in Organizations – Being in qualifying clubs or civic groups could earn you a nice discount on your bill.
- Savings for New Vehicles – Putting insurance on a new Volt can get you a discount due to better safety requirements for new model year vehicles.
- Distant College Student Discount – College-age children living away from Lincoln attending college and don’t have a car could get you a discount.
- Federal Government Employee – Federal government employees may qualify for a discount when you quote Lincoln car insurance with some insurance companies.
As a sidenote, most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as comp or med pay. So even though they make it sound like you can get free auto insurance, that’s just not realistic.
For a list of insurance companies that offer discounts in Lincoln, click this link.
Four Things That Influence Your Insurance Costs
Lots of factors are part of the equation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other factors are not quite as obvious such as your marital status or your commute time.
The factors shown below are some of the most common factors used by your company to calculate premiums.
- Higher physical damage deductibles are cheaper – Physical damage coverage, termed comprehensive and collision coverage on your policy, helps pay for damage to your vehicle. Some examples of claims that would be covered would be a broken side mirror, flood damage, or theft. Comprehensive and collision coverage deductibles are the amount of money you are required to spend in the event of a claim. The more money the insured has to pay upfront, the lower your rates will be.
- Fewer miles means better rates – The higher the miles on your Chevy in a year the more you’ll pay to insure your vehicle. Many insurance companies charge to insure your cars based on how the vehicle is used. Cars that have low annual miles receive better premium rates than those that get driven frequently. An incorrectly rated Volt may be costing you. Verify your insurance policy is rated on the correct usage, because it can save money.
- Teenage driver insurance prices – More mature drivers are more responsible, cause fewer claims and accidents, and receive fewer citations. Youthful drivers are known to be less responsible in a vehicle therefore insurance rates are much higher.
- Men drivers tend to cost more – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Both genders cause at-fault accidents at a similar rate, but men cause more damage. In addition to higher claims, males also receive more costly citations such as DWI and reckless driving.
Insurance loss data for a Chevy Volt – Car insurance companies factor in insurance loss information to help calculate a profitable premium rate. Models that tend to have a trend towards higher claim severity or frequency will have higher premium rates.
The table below illustrates the historical insurance loss data for Chevy Volt vehicles. For each type of coverage, the claim probability for all vehicles averaged together is considered to be 100. Values that are below 100 suggest a better than average loss history, while values that are above 100 indicate higher probability of having a loss 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 90BETTERAVERAGEWORSE
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years