Cheap Chevrolet Spark EV Car Insurance in 2024 (Save Big With These 10 Companies!)
Progressive, AAA, and State Farm offer the best cheap Chevrolet Spark EV car insurance, with rates starting as low as $45 per month. These companies provide affordable options without compromising on coverage quality. Compare these top providers to ensure you get the best deal for insuring your Chevrolet.
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Jeff Root
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Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
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UPDATED: Nov 4, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 4, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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13,128 reviewsCompany Facts
Min. Coverage for Chevrolet Spark EV
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
17,759 reviewsCompany Facts
Min. Coverage for Chevrolet Spark EV
A.M. Best Rating
Complaint Level
Pros & Cons
17,759 reviews
The top picks for cheap Chevrolet Spark EV car insurance are Progressive, AAA, and State Farm, known for their competitive pricing and robust coverage options.
These providers stand out in the market by offering tailored policies that cater specifically to Chevrolet owners, ensuring both affordability and reliability. Learn more in our “Chevrolet Car Insurance Discount.”
Our Top 10 Company Picks: Cheap Chevrolet Spark EV Car Insurance
Company Rank Monthly Rates Safe Driver Discount Best For Jump to Pros/Cons
#1 $45 12% Online Convenience Progressive
#2 $47 10% Local Agents AAA
#3 $48 15% Many Discounts State Farm
#4 $54 10% Student Savings American Family
#5 $57 10% Customizable Polices Liberty Mutual
#6 $60 15% Military Savings USAA
#7 $63 10% 24/7 Support Erie
#8 $69 15% Cheap Rates Geico
#9 $73 10% Local Agents Farmers
#10 $75 10% Usage Discount Nationwide
Understanding the unique needs of electric vehicle owners, they provide comprehensive protection that maximizes value without compromising on service. Choosing the right insurer means balancing cost with confidence, and these companies offer the best of both worlds for Chevrolet Spark EV owners.
Searching for more affordable premiums? Insert your ZIP code above to get started on finding the right provider for you and your budget.
- Progressive is the top pick for affordable Chevrolet Spark EV car insurance
- Specialized Chevrolet coverage addresses the specific needs of EV owners
- Tailored policies ensure comprehensive protection for Chevrolet vehicles
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#1 – Progressive: Top Overall Pick
Pros
- Competitive Rates: Progressive offers a low starting rate of $45 per month, making it highly competitive. See more details on our Progressive car insurance review & ratings.
- Safe Driver Discount: Progressive rewards safe driving with a 12% discount, promoting safer road habits.
- Digital Tools: Progressive is recognized for its online tools and mobile app, enhancing customer convenience.
Cons
- Variable Customer Service: Customer service quality may vary, as it heavily relies on online interaction.
- Coverage Limitations: Certain specific or unique coverage options may not be as comprehensive as those of competitors.
#2 – AAA: Best for Local Agents
Pros
- Local Agent Support: AAA provides personalized service through local agents, enhancing customer support.
- Reliable Roadside Assistance: Known for its superior roadside assistance, adding significant value to auto policies.
- Safe Driver Rewards: Offers a 10% discount for safe drivers. More information is available about this provider in our AAA insurance review & ratings.
Cons
- Higher Rates: Monthly premiums start at $47, which may be higher compared to some competitors.
- Membership Requirement: Requires a membership, which could be a barrier for some customers.
#3 – State Farm: Best for Many Discounts
Pros
- Bundling Policies: Significant discounts for bundling multiple insurance policies.
- High Low-Mileage Discount: Substantial discount for low-mileage usage. Read up on the “State Farm Car Insurance Review & Ratings” for more information.
- Wide Coverage: Offers various coverage options tailored for different needs.
Cons
- Limited Multi-Policy Discount: Multi-policy discounts not as high as some competitors.
- Premium Costs: Higher premiums for certain coverage levels despite discounts.
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#4 – American Family: Best for Student Savings
Pros
- Student Discounts: Offers discounts catering to students, making it an ideal choice for young drivers.
- Customer Service: Known for excellent customer service and support. Check out insurance savings in our complete American Family insurance review & ratings.
- Multiple Policy Options: Wide range of policy options that can be tailored to specific needs.
Cons
- Higher Base Rates: Starting monthly rate is $54, which might be less competitive.
- Limited Availability: Services may not be available in all regions or states.
#5 – Liberty Mutual: Best for Customizable Policies
Pros
- Customization Options: Liberty Mutual offers highly customizable policies, allowing for tailored coverage.
- Accident Forgiveness: Includes accident forgiveness programs, potentially preventing rate increases after an accident.
- Diverse Discounts: Offers various discounts including for safe driving. Discover more about offerings in our Liberty Mutual car insurance review & ratings.
Cons
- Higher Premiums: Starting rate of $57 can be higher compared to some other insurers.
- Complex Policies: Customization options might make policy selection more complex and overwhelming.
#6 – USAA: Best for Military Savings
Pros
- Military Discounts: Specializes in serving military members and their families with tailored discounts.
- High Customer Satisfaction: Consistently high ratings for customer service and claim satisfaction.
- Competitive Rates: Offers competitive rates with additional military-focused benefits. Access comprehensive insights into our USAA insurance review & ratings.
Cons
- Limited Eligibility: Only available to military members, veterans, and their families.
- Coverage Restrictions: Some restrictions might apply depending on the member’s location or deployment status.
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#7 – Erie: Best for 24/7 Support
Pros
- Round-the-Clock Support: Offers 24/7 customer service and claims support. Delve into our evaluation of Erie insurance review & ratings.
- Local Agent Network: Strong network of local agents providing personalized service.
- Inclusive Policies: Offers inclusive policies that are competitive in terms of coverage and cost.
Cons
- Higher Pricing: Starts at a monthly rate of $63, potentially higher than some competitors.
- Limited Geographic Coverage: Services might be limited to certain geographic areas.
#8 – Geico: Best for Cheap Rates
Pros
- Affordable Rates: Known for its competitive pricing with rates starting at $69. Unlock details in our “Do Geico Employees get Car insurance discounts?“
- Numerous Discounts: Offers a variety of discounts, including a substantial 15% for safe drivers.
- Efficient Online Service: Efficient online tools for quotes, claims, and customer service.
Cons
- Basic Coverage Options: While affordable, coverage options can be more basic compared to others.
- Customer Service Variability: Some customers may experience variability in service quality.
#9 – Farmers: Best for Local Agents
Pros
- Personalized Agent Service: Focus on personalized service through a network of local agents.
- Comprehensive Coverage: Offers a wide range of comprehensive coverage options. Discover insights in our Farmers car insurance review & ratings.
- Dedicated Claims Service: Strong claims process backed by personal agent support.
Cons
- Higher Cost: Monthly premiums start at $73, which could be higher than some alternatives.
- Inconsistent Service Levels: Service can vary significantly depending on the agent and location.
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#10 – Nationwide: Best for Usage Discount
Pros
- Usage-Based Discounts: Offers discounts based on the actual usage of the vehicle, appealing to low-mileage drivers.
- Wide Range of Products: Provides a broad array of insurance products and services.
- Reliable Claims Process: Known for a reliable and efficient claims process. If you want to learn more about the company, head to our Nationwide insurance review & ratings.
Cons
- Premium Rates: Starts at $75 per month, which may be on the higher end.
- Complex Discount Structures: The discount and premium structure can be complex and confusing for some users.
Monthly Premiums for Chevrolet Spark EV: Comparison of Minimum and Full Coverage Rates
When selecting car insurance for the Chevrolet Spark EV, it’s essential to compare not only the companies but also how different coverage levels affect monthly rates. The table below presents a breakdown of costs for both minimum and full coverage across various insurance providers.
Chevrolet Spark EV Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
AAA $47 $119
American Family $54 $127
Erie $63 $137
Farmers $73 $140
Geico $69 $138
Liberty Mutual $57 $131
Nationwide $75 $143
Progressive $45 $114
State Farm $48 $122
USAA $60 $135
Each provider offers a range of rates depending on the extent of coverage. For instance, Progressive offers the most affordable minimum coverage at $45 monthly, escalating to $114 for full coverage. On the higher end, Nationwide charges $75 for minimum coverage and climbs to $143 for full coverage. Learn more in our “Full Coverage Car Insurance: A Complete Guide.”
This variance highlights the importance of understanding what each level entails, ensuring that you choose a plan that not only fits your budget but also provides the necessary protection for your Chevrolet Spark EV.
Factors That Affect the Cost of Chevrolet Spark EV Car Insurance
There are several factors that insurance companies consider when determining the cost of car insurance for your Chevrolet Spark EV. These factors include:
- Your Driving History and Record: Insurance companies will often consider your driving history, including any previous accidents, traffic violations, or claims. A clean driving record can result in a lower premium.
- Your Location: The area where you live can impact your insurance rates. Urban areas with higher crime rates or higher traffic congestion may have higher insurance premiums.
- Age and Gender: Younger drivers, especially those under 25 years old, tend to have higher insurance rates due to their lack of driving experience. Additionally, statistics show that male drivers may have slightly higher premiums compared to female drivers.
- Credit Score: In some states, insurance companies may use your credit score as a factor when determining your rates. Generally, individuals with better credit scores may receive lower insurance premiums.
- Vehicle Safety Features: The Chevrolet Spark EV is equipped with various safety features such as airbags, stability control, and anti-lock brakes. These safety features can potentially lower your insurance rates.
- Usage and mileage: How often and how far you drive your Chevrolet Spark EV can impact your insurance rates. If you have a longer commute or use your car for business purposes, your insurance premiums may be higher.
Keep in mind that these factors can vary depending on the insurance company, so it’s always a good idea to shop around and compare quotes.
Another factor that can affect the cost of car insurance for your Chevrolet Spark EV is your deductible amount. The deductible is the amount you agree to pay out of pocket before your insurance coverage kicks in. Generally, choosing a higher deductible can result in lower insurance premiums, but it also means you’ll have to pay more in the event of a claim.
Additionally, your insurance history and loyalty to a specific insurance company can also impact your rates. Some insurance companies offer discounts or loyalty rewards for customers who have been with them for a certain period of time or have a history of maintaining continuous coverage without any lapses. Unlock details in our “Lesser Known Car Insurance Discounts.”
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Understanding the Insurance Rates for Chevrolet Spark EV
Insurance rates for the Chevrolet Spark EV can vary depending on your specific circumstances and the insurance company you choose. Some insurance providers may offer discounts or incentives specifically for electric vehicles, while others may have higher rates for electric cars due to the higher cost of repairs or the perceived risk associated with these vehicles.
It’s important to note that the insurance rates for the Chevrolet Spark EV may be influenced by its relative newness in the market. As the popularity and availability of electric vehicles increase, insurance rates may become more competitive and favorable for consumers.
Additionally, the insurance rates for the Chevrolet Spark EV may also be affected by factors such as your driving record, location, and the level of coverage you choose. Insurance companies typically consider these factors when determining the premium for your electric vehicle insurance policy. Delve into our evaluation of “Car Driving Safety Guide for Teens and Parents.”
Tips for Finding Affordable Car Insurance for Your Chevrolet Spark EV
If you’re looking to find affordable car insurance for your Chevrolet Spark EV, consider the following tips:
- Shop around and compare quotes from multiple insurance providers to ensure you’re getting the best rate for the coverage you need.
- Take advantage of potential discounts that may be available for electric vehicles, such as those for safety features, low mileage, or bundling multiple policies.
- Consider increasing your deductible, which is the amount you will pay out of pocket in the event of a claim. A higher deductible can lower your insurance premium.
- Ask your insurance provider about any available usage-based insurance programs that may offer discounts based on your actual driving habits.
- Consider taking defensive driving courses or other driver training programs that may qualify you for insurance discounts.
By following these tips and actively exploring your options, you can increase your chances of finding affordable car insurance for your Chevrolet Spark EV without compromising on coverage.
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Another tip for finding affordable car insurance for your Chevrolet Spark EV is to maintain a good driving record. Insurance providers often offer lower rates to drivers with a clean history of accidents and traffic violations. Discover insights in our “Car Accidents: What to do in Worst Case Scenarios.”
Additionally, consider opting for a higher level of car insurance coverage. While it may seem counterintuitive, some insurance providers offer lower rates for higher coverage limits. By increasing your coverage, you may be able to secure a more affordable insurance premium.
Enter your ZIP code below to compare rates from the top providers near you.
Frequently Asked Questions
What factors affect the cost of Chevrolet Spark EV car insurance?
The cost of Chevrolet Spark EV car insurance can be influenced by various factors such as the driver’s age, location, driving record, coverage options, deductible amount, and the insurance provider’s policies.
For additional details, explore our comprehensive resource titled “Best Safe Driver Car Insurance Discounts.”
Are electric vehicles generally more expensive to insure than traditional cars?
Insuring an electric vehicle like the Chevrolet Spark EV may be slightly more expensive than insuring a traditional car due to factors such as higher repair costs and specialized parts. However, there are also potential discounts and incentives available for electric vehicle owners.
What are some ways to potentially lower the cost of Chevrolet Spark EV car insurance?
To potentially lower the cost of Chevrolet Spark EV car insurance, you can consider increasing your deductibles, maintaining a clean driving record, bundling your insurance policies, taking advantage of available discounts, and comparing quotes from multiple insurance providers.
Does the Chevrolet Spark EV qualify for any insurance discounts?
Yes, the Chevrolet Spark EV may qualify for certain insurance discounts. These can vary depending on the insurance provider but commonly include discounts for safety features, hybrid or electric vehicles, low mileage, and good driving records.
Can I get insurance coverage for Chevrolet Spark EV in any location?
Insurance coverage for the Chevrolet Spark EV is typically available in most locations. However, specific coverage options, rates, and discounts may vary depending on the insurance provider and the regulations in your state or country.
To find out more, explore our guide titled “New Car Insurance Discount.”
How can I find the best deals on Chevrolet Spark car insurance?
Compare quotes from multiple insurers and look for discounts specifically available for Chevrolet Spark owners.
Is insurance cheaper on EV cars?
EVs are covered under the same insurance policies as gasoline cars, and you’re not necessarily charged extra just for driving an EV. However, they typically have higher purchase prices and repair costs, and with fewer mechanics available to service them, monthly insurance premiums may be higher.
Do EV cars lose value?
New data reveals that electric vehicles can depreciate by up to 50% within just three years of use, a rate of value loss that significantly exceeds that of their gasoline-powered counterparts.
Do you actually save money with an EV?
Consumer Reports’ detailed analysis of EVs versus gas-powered vehicles shows that electric vehicle owners could save approximately $66 to $83 per month by charging at home instead of refueling at gas stations.
To learn more, explore our comprehensive resource on “Best Car Insurance by Vehicle.”
Is a Chevy Spark a good reliable car?
The likelihood of a repair being severe or major for the Chevrolet Spark stands at 12%, which aligns with the average for all vehicle models and is slightly higher than the 11% average for subcompact cars. The average total monthly cost for unscheduled repairs and maintenance spans all model years of a vehicle.
Do electric cars break down a lot?
Electric vehicles are recognized for their dependability and durability, debunking the myth that they break down more often. With fewer moving components and the absence of an internal combustion engine, the design of electric cars enhances their overall reliability.
Wondering if another provider has lower rates? Find out by entering your ZIP code into our free quote comparison tool below.
Does insurance cover EV battery replacement?
Insurance for electric cars might cover battery repair costs if they’re damaged in an accident or another insurable event like a fire. However, typical insurance does not cover regular wear and tear or mechanical failures.
Why are they discontinuing the Chevy Spark?
Goodbye to the Chevy Spark: This compact, budget-friendly hatchback couldn’t match its rivals. Consequently, GM, the parent company of Chevy, is phasing out the Spark to concentrate on more successful models. The Spark has been on the market for several years.
Learn more by reading our guide titled “Insurance Quotes Online.”
Which car brand is the cheapest to maintain?
Toyota and Honda are usually the most cost-effective brands to maintain, while Nissan, Mazda, and Mitsubishi also offer models with low maintenance expenses. Among luxury brands, Lexus and Tesla lead with strong reliability ratings and ownership costs that are below average when considered on a monthly basis.
Is Chevy Spark OK on the highway?
Every 2022 Spark features an engine that may feel underpowered on the highway, yet performs well in urban settings and traffic, where its agility is most advantageous. For the optimal driving experience, we suggest opting for the manual transmission, which is uniquely available across all trims in today’s market.
What are the cons of Chevy cars?
Chevrolet Vehicle Concerns: Before purchasing a Chevrolet, it’s important to note some recurring issues in recent models. Drivers have reported various problems, including transmission glitches, leaks, brake and electrical malfunctions, steering difficulties, and excessive oil consumption.
How good is a Chevy Spark on gas?
Fuel Efficiency: The Spark achieves an outstanding 30 miles per gallon in urban settings and up to 38 miles per gallon on highways, offering significant savings on fuel with fewer stops required.
Access comprehensive insights into our guide titled “How To Get Free Insurance Quotes Online.”
Is a Chevy Spark cheap to maintain?
Over the first 10 years of service, maintaining and repairing a Chevrolet Spark is estimated to cost around $5,893, which is $871 less than the average for popular hatchback models. Additionally, there is an 18% chance that a Spark will need a major repair during this period.
What is the average life of a Chevy Spark?
A Chevy Spark typically lasts between 150,000 to 200,000 miles, with the higher mileage depending on consistent maintenance. To maximize its lifespan, it’s crucial to change the motor oil every 7,500 miles and the transmission fluid every 60,000 miles.
Are Chevy Sparks cheap?
The 2022 Chevrolet Spark is Chevy’s most affordable model, available for under $15,000. Designed for buyers on a tight budget or with limited parking space, the Spark rivals compact cars like the Kia Rio and Nissan Versa.
Then, enter your ZIP code below into our free comparison tool to see which companies have the cheapest rates in your area.
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Jeff Root
Licensed Insurance Agent
Jeff is a well-known speaker and expert in life insurance and financial planning. He has spoken at top insurance conferences around the U.S., including the InsuranceNewsNet Super Conference, the 8% Nation Insurance Wealth Conference, and the Digital Life Insurance Agent Mastermind. He has been featured and quoted in Nerdwallet, Bloomberg, Forbes, U.S. News & Money, USA Today, and other leading...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
