The best way we recommend to find cheaper Chevy Bolt insurance in Indianapolis is to regularly compare price quotes from companies in Indiana. Rate comparisons can be done by following these guidelines.
- Try to learn a little about how companies price auto insurance and the measures you can take to prevent expensive coverage. Many policy risk factors that are responsible for high rates like inattentive driving and a poor credit score can be controlled by making small lifestyle or driving habit changes.
- Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while agents who are independent can provide rate quotes for a wide range of companies.
- Compare the price quotes to your current policy and see if you can save money. If you can save money and switch companies, verify that coverage does not lapse between policies.
The key thing to remember is that you use identical limits and deductibles on each quote and and to analyze as many different companies as possible. Doing this provides a fair rate comparison and plenty of rates choose from.
It’s an obvious conclusion that auto insurance companies don’t want you comparing rates. Consumers who shop around for a cheaper policy are inclined to switch insurance companies because the odds are good of finding better rates. A recent study showed that drivers who routinely shopped for cheaper coverage saved over $850 each year compared to those who didn’t regularly shop around.
If finding low prices for auto insurance in Indianapolis is your ultimate goal, then having some insight into the best ways to find and compare insurance can make the process more efficient.
This article’s intent is to teach you a little about how car insurance quotes work and some tips to save money. If you have a current car insurance policy, you should be able to buy cheaper car insurance using these tips. You only need to know the proper way to compare different rates using one simple form.
Cheaper Indianapolis car insurance rates with discounts
Car insurance can cost a lot, but there could be available discounts to help bring down the price. Certain discounts will be applied at quote time, but once in a while a discount must be inquired about before they will apply.
- Pay Upfront and Save – By paying your policy upfront instead of paying each month you could save 5% or more.
- Use Seat Belts – Forcing all vehicle occupants to use a seat belt can save a little on the premium charged for medical payments and/or PIP.
- Mature Driver Discount – Mature drivers can possibly qualify for lower premium rates.
- Auto/Life Discount – Select car insurance companies reward you with lower premium rates if you buy auto and life insurance together.
- Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% with certain companies.
- Membership in Organizations – Participating in a professional or civic organization is a good way to get lower rates on car insurance.
Discounts save money, but please remember that most discount credits are not given to the entire cost. The majority will only reduce specific coverage prices like medical payments or collision. So when the math indicates it’s possible to get free car insurance, it’s just not the way it works.
A list of companies and some of the discounts include:
- State Farm discounts include safe vehicle, accident-free, multiple policy, defensive driving training, good driver, driver’s education, and multiple autos.
- GEICO policyholders can earn discounts including emergency military deployment, good student, daytime running lights, seat belt use, defensive driver, and five-year accident-free.
- Allstate has savings for multi-policy, EZ pay plan discount, good payer, FullPay discount, senior citizen, premier discount, and good student.
- SAFECO may offer discounts for bundle discounts, teen safety rewards, drive less, multi-car, accident prevention training, and anti-lock brakes.
- Farm Bureau may include discounts for safe driver, multi-vehicle, 55 and retired, renewal discount, driver training, good student, and youthful driver.
- Progressive offers discounts for multi-policy, online signing, online quote discount, multi-vehicle, good student, and homeowner.
- AAA offers discounts including AAA membership discount, good student, multi-policy, multi-car, pay-in-full, anti-theft, and good driver.
When quoting, ask each company which discounts you may be entitled to. Some discounts might not be offered in Indianapolis.
Specific coverage details
Learning about specific coverages of auto insurance aids in choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages offered by auto insurance companies.
Auto collision coverage
This coverage will pay to fix damage to your Bolt caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as backing into a parked car, damaging your car on a curb, scraping a guard rail and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also raise the deductible on your Bolt to bring the cost down.
Liability coverage will cover damage that occurs to people or other property. It protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/10 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Some companies may use 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 things like medical services, attorney fees and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase as large an amount as possible. Indiana requires drivers to carry at least 25/50/10 but drivers should carry better liability coverage.
The illustration below shows why buying minimum limits may not be enough.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as damage from getting keyed, vandalism, rock chips in glass and hail damage. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Chevy Bolt.
Due to the fact that many Indiana drivers only carry the minimum required liability limits (Indiana limits are 25/50/10), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as funeral costs, pain medications, hospital visits and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Quote more and you will save more
Cost effective Chevy Bolt insurance can be sourced online as well as from independent agents in Indianapolis, and you should compare rates from both in order to have the best price selection to choose from. Some insurance providers may not have price quotes online and these smaller providers sell through local independent agents.
You just learned some good ideas how to reduce Chevy Bolt insurance prices online in Indianapolis. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may even discover the lowest prices are with an unexpected company. They may cover specific market segments cheaper than their larger competitors like Allstate, GEICO and Progressive.
For more information, take a look at the resources below:
- Older Drivers FAQ (iihs.org)
- Who Has the Cheapest Indianapolis Auto Insurance for a Ford F-150? (FAQ)
- What Car Insurance is Cheapest for Teachers in Indianapolis? (FAQ)
- How Much are Indianapolis Auto Insurance Rates for a Jeep Wrangler? (FAQ)
- Who Has Cheap Indianapolis Auto Insurance Quotes for Teenage Females? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)
- How to Avoid Common Accidents (State Farm)
- Anti-Lock Brake FAQ (iihs.org)