If your goal is the lowest price, then the best way to get cheaper auto insurance rates is to compare prices once a year from companies in Minneapolis.
- Try to comprehend policy coverages and the measures you can take to keep rates in check. Many rating criteria that cause rate increases like at-fault accidents and an unacceptable credit history can be controlled by making lifestyle changes or driving safer.
- Compare rates from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from many different companies. Compare rates
- Compare the new quotes to the price on your current policy and determine if cheaper Bolt coverage is available. If you find a better price, make sure coverage is continuous and does not lapse.
One key aspect of rate comparisons is that you’ll want to make sure you compare the same liability limits and deductibles on each quote request and and to get rate quotes from every insurance company. This enables a fair rate comparison and a thorough selection of prices.
A recent survey discovered that the vast majority of car insurance customers have bought car insurance from the same company for more than four years, and practically 40% of car insurance customers have never even compared quotes to find cheap rates. Minnesota consumers could save themselves approximately 50% a year just by comparing rates, but most tend to underestimate the big savings they would realize if they switch to a new company.
Finding more affordable Chevy Bolt car insurance prices doesn’t have to be difficult. The only requirement is to spend a few minutes to compare rate quotes online from several insurance companies.
Getting free rates online is quite simple, and it takes the place of having to drive around to local Minneapolis insurance agencies. The ability to quote Chevy Bolt insurance online has reduced the need for local agents unless you have a need for the personal advice that only an agent can give. Although you can comparison shop online and still use a local agent.
The companies in the list below can provide price comparisons in Minneapolis, MN. To get the best car insurance in MN, we recommend you visit as many as you can to get the most competitive price.
Three reasons to insure your Bolt
Even though it’s not necessarily cheap to insure a Chevy in Minneapolis, paying for auto insurance is most likely required but also gives you several important benefits.
First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability in order to drive the car. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your vehicle has a loan, almost all lenders will stipulate that you buy full coverage to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may insure your Chevy for a lot more money and require you to fork over for the expensive policy.
Third, insurance safeguards both your Chevy and your assets. It will also pay for many types of medical costs for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of having auto insurance more than cancel out the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver overpays as much as $850 per year so you should quote rates every year to help ensure money is not being wasted.
Lower your car insurance rates with these six discounts
Companies do not advertise the entire discount list very clearly, so the below list has some of the more common and the harder-to-find savings tricks you should be using when you buy Minneapolis car insurance online.
- Drivers Education – Cut your cost by having your teen driver enroll and complete driver’s education if offered at their school.
- Clubs and Organizations – Participating in a professional or civic organization may earn a discount on your bill.
- Own a Home – Just owning your own home may trigger a policy discount on car insurance because of the fact that having a home means you have a higher level of financial diligence.
- Good Students Pay Less – A discount for being a good student could provide a savings of up to 20% or more. You can use this discount normally up until you turn 25.
- Defensive Driver – Taking part in a course in driver safety could save 5% or more and also improve your driving technique.
- Active Service Discounts – Having an actively deployed family member may lower your prices slightly.
As is typical with insurance, many deductions do not apply to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. Just because you may think you could get a free car insurance policy, it’s just not the way it works.
Companies and a partial list of their discounts are:
- American Family offers discounts including bundled insurance, accident-free, air bags, good driver, and early bird.
- State Farm discounts include driver’s education, safe vehicle, Drive Safe & Save, defensive driving training, Steer Clear safe driver discount, and student away at school.
- 21st Century offers discounts for homeowners, teen driver, early bird, defensive driver, driver training, 55 and older, and theft prevention.
- Travelers includes discounts for student away at school, IntelliDrive, driver training, payment discounts, hybrid/electric vehicle, multi-policy, and save driver.
- GEICO offers premium reductions for anti-theft, five-year accident-free, driver training, defensive driver, multi-policy, and federal employee.
Check with each insurance company which discounts they offer. Some discounts listed above may not apply in your state. To see a list of car insurance companies who offer online Chevy Bolt insurance quotes in Minnesota, follow this link.
Situations that may require an agent’s advice
When it comes to buying adequate coverage for your personal vehicles, there really is not a cookie cutter policy. Each situation is unique.
These are some specific questions can aid in determining if your insurance needs would benefit from professional advice.
- Exactly who is provided coverage by my policy?
- Should I carry comprehensive and collision coverage?
- Does my personal policy cover me when driving out-of-state?
- Can I afford to buy a different vehicle if my Chevy Bolt is totaled?
- Should I pay a claim out-of-pocket?
- Is water damage covered by my policy?
- Is my ex-spouse still covered by my policy?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form. It only takes a few minutes and may give you better protection.
Insurance agent or online?
Some people still prefer to go talk to an agent and we recommend doing that Good insurance agents can point out coverage gaps and help submit paperwork. The biggest benefit of price shopping on the web is that you can obtain cheaper prices but also keep your business local. Buying insurance from neighborhood agents is still important in Minneapolis.
After completing this short form, your information is instantly submitted to agents in your area that give free quotes for your coverage. It simplifies rate comparisons since you won’t have to leave your house because prices are sent immediately to your email address. If you have a need to compare prices from a specific company, you would need to visit that company’s website and give them your coverage information.
Insurance agent types
If you’re trying to find an insurance agent, it’s important to understand the different types of agencies to choose from. Auto insurance agencies may be either independent or exclusive. Either type can write policy coverage, but it’s a good idea to understand the differences because it can impact your selection of an agent.
These type of agents are not restricted to one company so as a result can place your coverage with any number of different companies enabling the ability to shop coverage around. If prices rise, they can switch companies in-house and the insured can keep the same agent. When searching for an agent, we highly recommend that you compare quotes from multiple independent agents in order to compare the most rates.
Below is a partial list of independent agents in Minneapolis that may be able to provide free price quotes.
Exclusive Auto Insurance Agents
Agents of this type work for only one company such as Farmers Insurance, State Farm, or Allstate. These agents are not able to place coverage with different providers so they have to upsell other benefits. Exclusive agencies are trained well on their products and sales techniques and that allows them to sell at a higher price point.
Shown below is a list of exclusive agents in Minneapolis that can give you price quotes.
American Family Insurance – Patrick Fagerlee Agency Inc
3910 Central Ave NE – Minneapolis, MN 55421 – (763) 789-6201 – View Map
Choosing the best insurance agent requires you to look at more than just the quoted price. The answers to these questions are important, too.
- Are you getting all the discounts the company offers?
- How much can you save by raising your physical damage deductibles?
- How long have they been in business?
- Do they assist clients in filing claims?
- If you have an accident, will your rates go up?
Car insurance coverages for a Chevy Bolt
Learning about specific coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement.
This pays to fix your vehicle from damage resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims such as colliding with a tree, colliding with another moving vehicle, hitting a mailbox, sustaining damage from a pot hole and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to increase the deductible on your Bolt to get cheaper collision coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required (30/60/10 in Minnesota), their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.
Comprehensive auto coverage
This pays for damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as fire damage, vandalism and a tree branch falling on your vehicle. The most a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP kick in for short-term medical expenses like prosthetic devices, X-ray expenses, chiropractic care, rehabilitation expenses and funeral costs. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Coverage for liability
Liability coverage protects you from damage that occurs to people or other property in an accident. 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 30/60/10 that translate to a limit of $30,000 per injured person, a total of $60,000 of bodily injury coverage per accident, and a total limit of $10,000 for damage to vehicles and property. Another option is a combined limit which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims like emergency aid, medical services, legal defense fees, bail bonds and court costs. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible. Minnesota requires drivers to carry at least 30/60/10 but it’s recommended drivers buy higher limits.
The next chart shows why minimum state limits may not be high enough to adequately cover claims.
In the end, you can save money
Drivers change insurance companies for a variety of reasons including delays in responding to claim requests, policy non-renewal, poor customer service or not issuing a premium refund. Whatever your reason, finding a great new company can be easier than you think.
Cost effective Chevy Bolt insurance can be bought from both online companies as well as from insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance companies don’t offer rates over the internet and many times these regional carriers provide coverage only through local independent agents.
As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. There are too many instances where someone sacrificed physical damage coverage only to discover later they didn’t purchase enough coverage. The aim is to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.
Even more information is located in the articles below:
- Teen Driving Statistics (GEICO)
- Who Has Cheap Auto Insurance Quotes for Government Employees in Minneapolis? (FAQ)
- Who Has Cheap Minneapolis Auto Insurance for 17 Year Olds? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Property Damage Coverage (Liberty Mutual)
- Learn About Car Insurance (GEICO)
- Help Your Teen Be a Better Driver (State Farm)