Chevy Spark Insurance
And how to get the lowest premiums without sacrificing coverage
Starting at around $14,000, the Chevy Spark is a great choice for anyone who needs cheap transportation in the form of a newer car with updated safety features. Thanks to its small engine and great safety rating, the Spark is fairly cheap to insure.
Even so, you'll need to shop around to get the lowest possible rates without sacrificing coverage. Your agent can make recommendations specific to your situation so you'll get the best possible coverage at the lowest rate from a trustworthy insurer.
Not sure where to find an independent insurance agent in your area?
TrustedChoice.com has a find-an-agent tool that can match you with a local independent insurance agent who will walk you through your options and help you find the best possible coverage for your Chevy Spark.
What Kind of Insurance Do You Need for Your Chevy Spark?
Bodily injury liability: If you cause an accident and someone else is hurt, you are liable for the damage. Bodily injury liability insurance will pay for costs associated with medical care and recovery for those injured as a result of the accident.
Property damage liability: Property damage liability is often required by law. Your agent may recommend that you purchase more than the minimum amount required. Your insurance policy only covers damage up to the limits of your policy.
Medical payments/Personal injury protection: Laws differ from one state to the next, so talk with your agent to understand your options where personal injury protection and medical payments insurance is concerned. Depending on where you live, this coverage may be required by law. The policy pays for costs related to physical recovery for you and your passengers.
Uninsured motorist coverage: Uninsured and underinsured motorist coverage offers an extra layer of protection that pays for repairs to your vehicle, preventing you from having to pursue the at-fault driver for damage through the court system.
Collision: Collision insurance coverage pays to repair or replace your Chevy Spark if you hit something or are in an accident with another car.
Comprehensive: If you are in an accident caused by an animal on the road or are a victim of vandalism, you'll need comprehensive insurance coverage to get your repair bill paid for. The insurance company will handle the cost of repairing or replacing your Chevy Spark, minus your deductible, up to its fair market value for covered incidents.
Both collision and comprehensive coverage are part of a full-coverage insurance policy. This type of insurance isn't right for every vehicle, so talk with your agent to make sure you get the best combination of coverage for your money.
Glass coverage: You can't put off replacing a windshield without risking a ticket, but it can be an expensive repair. This zero-deductible policy costs just a few dollars each month.
Gap insurance: If you think you owe more on your car than its market value and you didn't buy gap insurance at the dealership, talk with your agent about how this type of insurance could help you. Without it, you could be responsible for paying off your loan or lease if your vehicle is a total loss after an accident.
What Affects the Cost of Insurance for Your Chevy Spark?
|If you drive more than the average of 10,000 to 15,000 miles each year, expect to pay slightly higher premiums for auto insurance.|
|Your driving record|
|If you have a spotless driving record, you'll pay a lower insurance rate than drivers with at-fault accidents or moving violations.|
|The value of your vehicle|
|A Chevy Spark isn't a high-value vehicle, which means you'll pay less for insurance than you would for most other vehicles on the road.|
Average Chevy Spark Insurance Costs
The average 40-year-old Chevy Spark driver pays $1,310 annually for full coverage auto insurance. This includes collision and comprehensive coverage. Liability-only insurance rates drop down to an average of just $470 per year. New drivers who are just 16 years old pay average rates that are much higher at $5,112 per year. Your rates may vary greatly from these averages. Your agent can help you understand the factors influencing your Chevy Spark insurance premiums.
The Safety of Your Chevy Spark
Most small cars don't fare well in crash tests, but the Chevy Spark consistently receives some of the highest marks among other cars this size. The Insurance Institute for Highway Safety (IIHS) gave the Spark a "good" rating during 2019 crash-test ratings. The 2021 Chevy Spark has not been crash-tested by the National Highway Traffic Safety Administration (NHTSA).
How Location Affects Your Chevy Spark Insurance
Because your location has such a profound effect on your car insurance premiums, it's crucial to get a personalized quote from your agent. It's typically more expensive to insure any vehicle in large cities than it is in rural areas. Insurance rates vary widely by state as well.
|Average Chevy Spark insurance premiums|
Additional Factors That Affect Your Chevy Spark Insurance Premiums
- Safety features like anti-theft devices
Top Independent Insurance Carriers That Insure the Chevy Spark
According to a recent US Independent Insurance Agent Satisfaction Study by JD Power, the following companies provide excellent service to their insurance customers.
- Auto-Owners Insurance
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IIHS, Consumer Reports, Quote Inspector, iii.org, JD Power, Car and Driver