How many times have you told yourself it’s time to shop around for cheaper Chevy Bolt insurance in Laredo? Did you make the mistake of buying overpriced Chevy Bolt insurance in Laredo? Trust us when we tell you you are not the only one feeling buyer’s remorse.
Shocking but true, the majority of drivers kept their policy with the same company for at least the last four years, and practically 40% of auto insurance customers have never even shopped around for cheaper coverage. American drivers could cut their rates by almost $850 a year just by shopping around, but they mistakenly think it’s difficult to save money by comparing rate quotes.
Big-name insurance companies like Allstate, Liberty Mutual and State Farm constantly bombard you with TV and radio ads and it can be hard to see through the deception and do the work needed to find the best deal.
Consumers should take time to compare prices on a regular basis because auto insurance prices change frequently. Just because you had the best rates on Chevy Bolt insurance in Laredo at your last renewal there is a good chance you can find better premium rates now. Forget all the misinformation about auto insurance because you’re about to learn how to use online quotes to get good coverage on Chevy Bolt insurance in Laredo at a lower rate.
Auto insurance coverages and their meanings
Knowing the specifics of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on most auto insurance policies.
This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like a broken windshield, hail damage and damage from flooding. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverage covers damage to your Bolt resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things such as colliding with a tree, sideswiping another vehicle, hitting a mailbox, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible on your Bolt to get cheaper collision coverage.
Liability auto insurance
Liability coverage will cover damage or injury you incur to other people or property that is your fault. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 30/60/25 that translate to $30,000 in coverage for each person’s injuries, a limit of $60,000 in injury protection per accident, and $25,000 of coverage for damaged property. Another option is one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for things like court costs, medical expenses, attorney fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford. Texas state minimum liability requirements are 30/60/25 but you should think about purchasing higher limits.
The next chart shows why buying the state minimum limits may not be high enough to adequately cover claims.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance pay for bills such as rehabilitation expenses, EMT expenses, funeral costs and hospital visits. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Chevy Bolt.
Since a lot of drivers only carry the minimum required liability limits (which is 30/60/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Affordable car insurance premiums are possible
As you quote Laredo auto insurance, it’s not a good idea to reduce needed coverages to save money. There are too many instances where an insured dropped physical damage coverage only to discover later that it was a big error on their part. Your focus should be to buy the best coverage you can find at an affordable rate but still have enough coverage for asset protection.
We covered a lot of tips how to lower your Chevy Bolt insurance prices in Laredo. The key concept to understand is the more times you quote, the better likelihood of getting affordable Chevrolet Bolt insurance quotes. Drivers may even discover the biggest savings come from the least-expected company. These companies may cover specific market segments cheaper compared to the large companies like Progressive or GEICO.
How to find more affordable Chevy Bolt insurance in Laredo
The preferred way to get affordable Chevy Bolt insurance in Laredo is to start doing an annual price comparison from different companies who can sell car insurance in Texas. Price quotes can be compared by following these guidelines.
- Spend some time learning about how companies set rates and the modifications you can make to keep rates in check. Many rating factors that cause rate increases like high-risk driving behaviors and an unacceptable credit history can be remedied by paying attention to minor details.
- Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive or State Farm, while agents who are independent can provide rate quotes from multiple companies.
- Compare the new rate quotes to the price on your current policy to determine if switching companies saves money. If you can save some money and change companies, make sure coverage does not lapse between policies.
A key point to remember is to try to use identical coverage information on every price quote and and to get prices from as many different companies as possible. Doing this ensures a fair price comparison and a complete price analysis.
Even more information can be read by following these links:
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Who Has Cheap Car Insurance with Multiple Speeding Tickets in Laredo? (FAQ)
- How Much are Auto Insurance Quotes for Infrequent Drivers in Laredo? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)
- Safety Belts FAQ (iihs.org)
- Auto Insurance Learning Center (State Farm)