Want to learn how to find the cheapest Chevy Bolt EV insurance in Honolulu? Are you sick and tired of sacrificing other expenses to make your car insurance payment? You have the same problem as many other Hawaii consumers.
Surprisingly, a recent survey revealed that nearly 70% of drivers kept buying from the same company for at least the last four years, and almost 40% of drivers have never even compared quotes to find affordable rates. Hawaii consumers could cut their rates by approximately 40% a year by just comparing quotes, but they underestimate the amount of money they would save if they just switched companies.
Steps to finding cheaper quotes for Chevy Bolt EV insurance in Honolulu
The preferred way to get affordable car insurance rates is to compare prices annually from insurers who provide car insurance in Honolulu. Prices can be compared by completing these steps.
- Step 1: Take a little time to learn about how auto insurance works and the things you can control to prevent expensive coverage. Many rating factors that result in higher rates like accidents, traffic tickets, and a not-so-good credit score can be improved by making minor driving habit or lifestyle changes. Later in this article we will cover more details to get affordable coverage and get discounts that may be overlooked.
- Step 2: Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Allstate, while independent agents can provide rate quotes from multiple sources.
- Step 3: Compare the quotes to your existing policy to determine if you can save on Bolt EV insurance in Honolulu. If you can save money and buy the policy, make sure there is no coverage gap between policies.
- Step 4: Provide adequate notice to your current company to cancel the current policy and submit a down payment and signed policy application to your new agent or company. As soon as you receive it, keep the new proof of insurance paperwork with the vehicle registration.
The key aspect of shopping around is to use the same coverage limits and deductibles on every price quote and and to get rate quotes from as many different companies as possible. This enables a fair price comparison and the best price selection.
With so many options when it comes to car insurance, it is hard for the average consumer to choose the lowest price company.
It’s a good idea to compare rates before your next renewal due to the fact that insurance prices fluctuate regularly. Even if you got the lowest price on Chevy Bolt EV insurance in Honolulu a couple years back there may be better deals available now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the fastest way to lower your rates without sacrificing coverage.
Locating the most cost-effective insurance policy in Honolulu can be much easier if you know how to start. If you have insurance now, you should be able to get lower rates using the techniques covered below. Comparison shoppers just have to learn the tricks to get comparison quotes using one simple form.
How to get Honolulu Chevy Bolt EV insurance quotes
Finding a better price on car insurance is a fairly straight forward process. The only thing you need to do is spend a few minutes to get quotes to find out which insurance company has cheaper Honolulu car insurance quotes.
Online shopping is fast and free, and it replaces the need to go to all the different Honolulu insurance agencies. The internet eliminates the middleman unless you have a need for the professional abilities only provided by licensed Honolulu agents. It is possible with some companies obtain prices from the web but buy from a local insurance agent.
The following companies offer comparison quotes in Hawaii. If multiple companies are listed, we recommend you visit as many as you can to get the best price comparison.
Why you need vehicle insurance in Hawaii
Despite the high cost, insurance may be required for several reasons.
- Most states have mandatory insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to be legal. In Hawaii these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Bolt EV, almost all lenders will make it a condition of the loan that you have physical damage coverage to ensure loan repayment if the vehicle is totaled. If coverage lapses or is canceled, the bank will be required to insure your Chevy at a more expensive rate and require you to fork over much more than you were paying before.
- Insurance protects both your car and your assets. Insurance will also pay for medical bills for both you and anyone you injure as the result of an accident. Liability insurance, one of your policy coverages, also covers legal expenses if someone files suit against you as the result of an accident. If mother nature or an accident damages your car, your insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of having insurance are without a doubt worth the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $700 annually so you should quote and compare rates at every policy renewal to ensure rates are competitive.
Car insurance coverage considerations
Learning about specific coverages of a car insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages available from car insurance companies.
Uninsured/Underinsured Motorist (UM/UIM) – Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many Hawaii drivers carry very low liability coverage limits (which is 20/40/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things like theft, damage from a tornado or hurricane, falling objects and fire damage. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like hitting a mailbox, crashing into a building and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible on your Bolt EV to bring the cost down.
Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for pain medications, prosthetic devices, EMT expenses, doctor visits and hospital visits. They 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 also covers if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Coverage for liability – This provides protection from damages or injuries you inflict on other people or property. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 20/40/10 that means you have $20,000 in coverage for each person’s injuries, a per accident bodily injury limit of $40,000, and $10,000 of coverage for damaged property.
Liability coverage pays for things such as repair costs for stationary objects, medical expenses and funeral expenses. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible. Hawaii requires minimum liability limits of 20/40/10 but drivers should carry more coverage.
The next chart shows why the minimum limit may not provide you with enough coverage.
Ratings for Hawaii auto insurance companies
Insuring your vehicle with the top car insurance provider can be rather challenging considering how many different companies sell coverage in Honolulu. The company information displayed below can help you analyze which car insurance providers to look at comparing rate quotes with.
Top 10 Honolulu Car Insurance Companies Ranked by Customer Service
- State Farm
- The Hartford
- American Family
- AAA Insurance
- Liberty Mutual
- Farmers Insurance
Top 10 Honolulu Car Insurance Companies by A.M. Best Rank
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- AAA Insurance – A
- Liberty Mutual – A