Average Cost of Car Insurance

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Car Insurance for the Chevy Volt – Things That You Should Know

If you are considering a hybrid vehicle to save money and the environment, the Chevy Volt is likely to be one of your top choices. When buying or leasing a new car, there are many things that have to be considered. There is, of course, the price, but that is only the very beginning of it. Some cars are cheaper to own in the long run and that is why many dealers now offer five or ten year cost comparison charts to help their customers make these decisions. On these charts will be the costs of monthly payments, fuel and other maintenance, garage fees and of course, insurance. The type of insurance that you need plus some very individual factors will change the cost of coverage. It is very important that you know what can make your insurance higher or lower and consider that when choosing the right car for you. If you have financed or are leasing your car, you will be required to carry additional coverage.

The Basic Cost of Insurance for the Chevy Volt

Chevy Volt

Your insurance rates are determined by the following factors:

  • Personal factors such as your age, gender and marital status
  • The age of the car (a newer Volt will cost more to insure than an older one)
  • The number of miles that you drive per year
  • Your credit history
  • Whether you own your home or not.
  • Whether you lease, finance or own the Volt outright
  • Your location
  • Your driving history

While there are many of these factors that cannot be changed, there are others that can. Your driving history is one of the easiest ways to protect yourself and your budget by keeping your car insurance costs low. Make sure that you are obeying the rules of the road and using great care because tickets and accidents are expensive for years to come.

Basic insurance, which is required by most states, is only the legal minimum and may not be enough to cover the cost of damages to your vehicle or others. Liability insurance only protects you from a legal standpoint and will not help you replace your car and will not cover the cost of any injuries that you sustain during an accident. If you do not have enough insurance to cover the cost of the car and are financing it, you will still owe payments on a car you can no longer drive. That is why most financing companies require proof of insurance before your papers are processed and you get the keys to your new car.

Ways that the Chevy Volt Protects You

Every car boasts about its safety features. The Chevy Volt has a number of these factors that are meant to protect occupants in the event of an accident. These safety features include:

  • 4 wheel antilock brake system with traction control
  • Tire pressure monitoring system
  • 8 total air bags protecting the driver and passengers
  • Steel reinforced safety cage

The Chevy Volt was given a five star crash safety rating. In addition, most models come equipped with OnStar for safety and navigation and may also include a connectivity bundle that allows drivers to synch the vehicle to their smart phone as well. These services are typically kept active as part of the purchase price for only a set period of time. At the end of that time, you will have to choose whether you want to renew for a nominal fee or not.

Awards and Ratings for the Chevy Volt

The basic Chevy Volt for 2013 will cost around $35,000 depending on options and features that are chosen. Each can get nearly 400 total miles on a full charge. A Volt owner may qualify for certain tax credits, especially in seven states (California, Illinois, Pennsylvania, Utah, West Virginia, New York and South Carolina).  In addition to receiving the five star crash safety rating, the Volt has won:

  • 2009 Green Car Vision Award
  • 2011 Green Car of the Year
  • 2011 North American Car of the Year
  • 2011 World Green Car
  • 2012 European Car of the Year

It has been ranked at number six in two categories, Upscale/Midsize and Hatchback, and number four in Hybrids.