Are you looking for a better way to compare the cheapest Chevy Bolt insurance in Denver? High-priced Chevrolet Bolt insurance in Denver can overdraw your family’s budget and make it impossible to make ends meet. Doing a rate comparison is a great way to reduce premiums and put more money in your pocket.
A recent survey discovered that 70% of consumers kept buying from the same company for a minimum of four years, and almost 40% of drivers have never compared rates with other companies. Many consumers in Colorado could save nearly $610 every year by just comparing rate quotes, but they just feel it’s too hard to compare rates and save money. Online insurance companies like Allstate and Progressive promote their brand names with catchy ads and it is challenging if not impossible to not get sucked in by the cute commercials and find the best price available.
You should make it a habit to check auto insurance prices on a regular basis since rates are variable and change quite frequently. Just because you found the best deal on Chevy Bolt insurance in Denver on your last policy you can probably find a better price now. Forget anything you know (or think you know) about auto insurance because it’s time to teach you the best way to lower your annual insurance bill.
If you are already insured or are shopping for new coverage, you can follow these tips to save money without having to cut coverage. Locating the most cost-effective auto insurance policy in Denver is really quite easy. Shoppers just have to learn the quickest method to shop their coverage around from many companies at once.
Finding a lower price on insurance doesn’t have to be difficult. Drivers just need to spend a few minutes comparing rate quotes from online providers.
Online shopping is fast and free, and it makes it a waste of time to drive to insurance agents’ offices. Quoting and buying Chevy Bolt insurance online can eliminate the need for a local agent unless you have a complicated situation and need the trained guidance that you can only get from talking to an agent. Some companies do allow you to price shop online but buy from a local insurance agent.
The companies shown below provide free quotes in Colorado. If multiple companies are listed, we recommend you click on several of them to get a more complete price comparison.
Why you need to buy car insurance
Even though Denver Bolt insurance rates can get expensive, car insurance may be required for several reasons.
- Just about all states have minimum liability requirements which means you are required to carry a minimum amount of liability protection in order to get the vehicle licensed. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you have a lien on your Chevy, it’s most likely the lender will require you to buy full coverage to ensure loan repayment if the vehicle is totalled. If you do not pay your insurance premiums, the lender may insure your Chevy at a significantly higher premium and force you to reimburse them much more than you were paying before.
- Insurance protects both your assets and your car. It will also pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, also covers legal expenses in the event you are sued. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to have it repaired.
The benefits of insuring your Bolt definitely exceed the cost, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver overpays more than $825 a year so you should quote rates at every policy renewal to save money.
Save 15 percent in 15 minutes? Is it for real?
Consumers can’t get away from ads that claim the cheapest car insurance rates by GEICO, State Farm and Progressive. They all seem to make the point that you’ll save big if you get a free Denver car insurance quote and switch your policy.
Is it even possible that every company can offer you a better deal on Chevy Bolt insurance in Denver? This is the trick they use.
Companies give the cheapest rates for the type of insured that makes them money. An example of a desirable insured could be a mature driver, has no tickets, and does not commute to work. Any new insured who matches those parameters gets the lowest car insurance rates and will most likely save a lot on Denver Chevy Bolt insurance if they switch.
Drivers who don’t meet this stringent profile will be quoted more expensive rates which results in business going elsewhere. If you pay close attention to the ads, they say “drivers that switch” not “everyone who quotes” save that much. That’s the way companies can truthfully make those claims. This really drives home the point why drivers must get a wide range of price quotes. You cannot predict which insurance company will provide the lowest Chevy Bolt insurance in Denver.
Lower-cost Chevy Bolt insurance in Denver
Companies that sell car insurance don’t always list all their discounts in a way that’s easy to find, so we took the time to find both well-publicized and also the more inconspicuous discounts that you may qualify for.
- Driving Data Discount – People who choose to allow companies to analyze driving habits by using a small device installed in their vehicle such as State Farm’s In-Drive might see lower rates if they exhibit good driving behavior.
- Active Military Service – Being on active deployment in the military may lower your insurance rates slightly.
- Early Signing – Some insurance companies give discounts for switching policies before your current coverage expires. It can save you around 10%.
- Auto/Life Discount – Companies who offer life insurance give lower insurance rates if you buy life insurance from them.
- Theft Deterrent Discount – Cars equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.
Discounts lower rates, but most of the big mark downs will not be given to the entire policy premium. Most only cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you can get free auto insurance, you won’t be that lucky.
To see companies who offer free Chevy Bolt insurance quotes in Colorado, click here.
Buying from auto insurance agents
Many people prefer to talk to an insurance agent and that is a personal choice. Experienced insurance agents can answer important questions and help file insurance claims. A good thing about comparing car insurance online is the fact that you can find cheap car insurance quotes and still buy from a local agent.
To find an agent, once you fill out this short form, your insurance data is submitted to insurance agents in Denver that provide free Denver car insurance quotes for your business. You don’t have to search for an agent as quotes are delivered to the email address you provide. If you need to compare prices from a particular provider, don’t hesitate to search and find their rate quote page and fill out the quote form the provide.
Picking an provider needs to be determined by more than just a low price. Ask your prospective agent these questions:
- Which companies do they recommend if they are an independent agency?
- What is their Better Business Bureau rating?
- Do you need full coverage on every vehicle?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Will a damage claim use OEM or aftermarket replacement parts?
- Does the quote include credit and driving reports?
- Do they offer rental car reimbursement?
Auto insurance 101
Knowing the specifics of your policy can be of help when determining the best coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages found on most auto insurance policies.
Comprehensive (Other than Collision)
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like a tree branch falling on your vehicle, falling objects, hitting a deer, damage from getting keyed and rock chips in glass. The most your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses like EMT expenses, rehabilitation expenses, funeral costs, prosthetic devices and dental work. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law (Colorado limits are 25/50/15), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Coverage for collisions
Collision insurance covers damage to your Bolt resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers things like scraping a guard rail, hitting a parking meter, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible on your Bolt to save money on collision insurance.
Auto liability
This coverage protects you from damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/15 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $15,000 of coverage for damaged property.
Liability can pay for claims like legal defense fees, funeral expenses and loss of income. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing higher limits.
Don’t give up on cheap rates
As you quote Denver car insurance, it’s not a good idea to reduce coverage to reduce premium. In many instances, someone dropped uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. Your goal is to get the best coverage possible for the lowest price, but do not skimp to save money.
You just learned a lot of information how to compare Chevy Bolt insurance prices in Denver. The key thing to remember is the more quotes you get, the better likelihood of getting affordable Chevrolet Bolt insurance quotes. You may even discover the most savings is with some of the lesser-known companies. Some small companies may often insure only within specific states and give better rates compared to the large companies like Progressive or GEICO.
Additional information
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- What Insurance is Cheapest for Teachers in Denver? (FAQ)
- How Much are Auto Insurance Quotes for Felons in Denver? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Veterans in Denver? (FAQ)
- Young Drivers: The High Risk Years Video (iihs.org)
- Auto Insurance FAQ (Farmers Insurance)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- Airbag FAQ (iihs.org)