Affordable Quotes for Chevy Cobalt Insurance in Colorado Springs

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Insurance for Chevy CobaltThe best way we recommend to find better pricing on Chevy Cobalt insurance in Colorado Springs is to compare prices once a year from insurers in Colorado.

First, try to comprehend how auto insurance works and the steps you can take to drop your rates. Many policy risk factors that are responsible for high rates such as careless driving and a low credit rating can be amended by making lifestyle changes or driving safer. This article gives tips to help reduce premium rates and get discounts that may be available to you.

Second, compare rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agencies can provide rate quotes from multiple sources. Get quotes now

Third, compare the price quotes to your current policy and see if you can save money. If you find a lower rate quote, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide proper notification to your current company to cancel your current auto insurance policy and submit the application along with any required down payment to your new insurance company. Once coverage is bound, keep your new certificate verifying coverage with your registration paperwork.

One important bit of advice is to use similar limits and deductibles on every quote and and to get quotes from as many carriers as you can. This provides a level playing field and the best price selection.

It's a fact that insurance companies don't want policyholders to compare prices from other companies. Consumers who shop around for the cheapest rate are likely to buy a new policy because they have good chances of finding a policy with better rates. A recent survey revealed that people who faithfully checked for cheaper rates saved about $860 a year compared to those who don't make a habit of comparing rates.

If saving money on Chevy Cobalt insurance is the reason for your visit, then learning a little about how to find and compare insurance rates can help you succeed in saving money.

The majority of larger companies give insurance quotes from their websites. Getting Chevy Cobalt insurance prices online is possible for anyone as you just type in the coverage amounts you desire as requested by the quote form. Once you submit the form, their rating system will obtain reports for credit and driving violations and gives you a price quote based on the information you submitted. Getting online price quotes for Chevy Cobalt insurance in Colorado Springs makes comparing rates easy, and it's very important to do this if you want to get cheap rates.

To find out how much you're overpaying now, consider comparing rates from the companies shown below. If you currently have coverage, we recommend you enter the coverage information as shown on your current policy. This guarantees you are getting a price comparison based on the exact same insurance coverage.

The companies shown below can provide price comparisons in Colorado Springs, CO. To locate cheap auto insurance in Colorado Springs, we suggest you click on several of them to get the best price comparison.

Discounts can help to save on Chevy Cobalt insurance in Colorado Springs

Car insurance is easily one of your largest bills, but you might be missing out on some discounts that many people don't even know exist. A few discounts will automatically apply when you complete an application, but once in a while a discount must be specially asked for before being credited.Car insurance discounts

  • Sign Online - Many larger companies may give you up to $50 for buying your policy on your computer.
  • Driver's Education for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course as it can save substantially.
  • Military Rewards - Having a deployed family member could qualify you for better premium rates.
  • Payment Method - If paying your policy premium upfront as opposed to paying monthly you can avoid monthly service charges.
  • More Vehicles More Savings - Purchasing coverage when you have multiple vehicles with one company can reduce rates for all insured vehicles.
  • Theft Deterrent - Cars and trucks with anti-theft systems have a lower chance of being stolen and can earn a small discount on your policy.
  • Driving Data Discount - Policyholders that allow driving data submission to spy on driving habits remotely like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if their driving habits are good.
  • Good Driver Discounts - Drivers who avoid accidents can pay as much as 50% less as compared to drivers with claims.

Discounts save money, but please remember that most of the big mark downs will not be given to the whole policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like it's possible to get free car insurance, insurance companies wouldn't stay in business.

The chart below shows the difference between Chevy Cobalt insurance rates with and without discounts applied to the policy rates. The costs are based on a female driver, no claims, a clean driving record, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, multi-car, homeowner, and marriage discounts applied.

Large car insurance companies and the discounts they provide can be found below.

  • AAA has discounts for anti-theft, pay-in-full, multi-policy, good driver, AAA membership discount, and good student.
  • Progressive may include discounts for online signing, multi-policy, continuous coverage, homeowner, good student, and multi-vehicle.
  • State Farm includes discounts for multiple autos, passive restraint, Steer Clear safe driver discount, student away at school, driver's education, and multiple policy.
  • Esurance offers premium reductions for good driver, defensive driver, multi-policy, multi-car, homeowner, and safety device.
  • Nationwide discounts include multi-policy, Farm Bureau membership, accident-free, easy pay, family plan, and defensive driving.

If you are trying to find low cost Colorado Springs car insurance quotes, ask each insurance company to apply every possible discount. Some credits may not be available in Colorado Springs. To see companies with significant discounts in Colorado, follow this link.

Car insurance data for a Chevy Cobalt

The premium table shown next highlights a range of coverage costs for Chevy Cobalt models. Having insight into how prices are established is important for you to make decisions on the best policy to buy.

Chevrolet Cobalt Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $186 $426 $404 $24 $122 $1,162 $97
Cobalt XFE 4-Dr Sedan $186 $426 $404 $24 $122 $1,162 $97
Cobalt LS 2-Dr Coupe $214 $426 $448 $26 $134 $1,248 $104
Cobalt XFE 2-Dr Coupe $214 $426 $448 $26 $134 $1,248 $104
Cobalt LT 4-Dr Sedan $214 $426 $404 $24 $122 $1,190 $99
Cobalt LT 2-Dr Coupe $242 $426 $448 $26 $134 $1,276 $106
Cobalt SS Turbo 2-Dr Coupe $270 $554 $448 $26 $134 $1,432 $119
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Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in zip code location which can raise or lower coverage rates considerably.

Analysis of deductible levels

A question often asked by Colorado Springs drivers is how high should the deductibles for physical damage be. The tables below can help show the price difference between low and high deductibles. The first table uses a $100 comprehensive and collision deductible and the second rate chart uses a $500 deductible.

Chevrolet Cobalt insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $264 $644 $396 $24 $118 $1,471 $123
Cobalt XFE 4-Dr Sedan $264 $644 $396 $24 $118 $1,471 $123
Cobalt LS 2-Dr Coupe $302 $644 $440 $26 $132 $1,569 $131
Cobalt XFE 2-Dr Coupe $302 $644 $440 $26 $132 $1,569 $131
Cobalt LT 4-Dr Sedan $302 $644 $396 $24 $118 $1,509 $126
Cobalt LT 2-Dr Coupe $342 $644 $440 $26 $132 $1,609 $134
Cobalt SS Turbo 2-Dr Coupe $380 $838 $440 $26 $132 $1,841 $153
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Chevrolet Cobalt insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $192 $434 $396 $24 $118 $1,164 $97
Cobalt XFE 4-Dr Sedan $192 $434 $396 $24 $118 $1,164 $97
Cobalt LS 2-Dr Coupe $220 $434 $440 $26 $132 $1,252 $104
Cobalt XFE 2-Dr Coupe $220 $434 $440 $26 $132 $1,252 $104
Cobalt LT 4-Dr Sedan $220 $434 $396 $24 $118 $1,192 $99
Cobalt LT 2-Dr Coupe $250 $434 $440 $26 $132 $1,282 $107
Cobalt SS Turbo 2-Dr Coupe $278 $566 $440 $26 $132 $1,442 $120
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Prices do not factor in Colorado Springs location which can lower or raise insurance rates considerably.

Based on the figures above, using a $100 deductible costs approximately $28 more each month or $336 annually than choosing the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 14 months between claims, you would most likely save money by going with a higher deductible.

How to calculate when to raise deductibles

Average monthly premium for $100 deductibles: $132
Average monthly premium for $500 deductibles (subtract): - $104
Monthly savings from raising deductible: $28
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $28
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 14 months

Comparison of full coverage and liability-only policies

The illustration below shows the difference between Chevy Cobalt insurance rates with full coverage and liability only. The costs are based on no violations or accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.

Should you pay for full coverage?

There is no clear-cut rule that works best for making the decision to drop physical damage insurance, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let's pretend your Chevy Cobalt replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $4,000 after the deductible is paid. If it's costing in excess of $400 a year for full coverage, then you may want to consider only buying liability coverage.

There are some conditions where only buying liability is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage to protect the lienholder's interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.

Colorado Springs car insurance company ratings

Selecting a highly-rated car insurance company can be difficult considering how many companies sell coverage in Colorado Springs. The company ratings displayed below may help you analyze which auto insurance companies you want to consider when comparing rates.

Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank

  1. USAA - A++
  2. Travelers - A++
  3. State Farm - A++
  4. GEICO - A++
  5. Esurance - A+
  6. Nationwide - A+
  7. Allstate - A+
  8. Mercury Insurance - A+
  9. Progressive - A+
  10. Titan Insurance - A+

Top 10 Colorado Springs Car Insurance Companies Overall

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Mercury Insurance

Buy Chevy Cobalt Insurance Cheaper

Consumers need to have an understanding of the factors that are used to determine the rates you pay for car insurance. If you have some idea of what impacts premium levels, this empowers consumers to make smart changes that may result in much lower annual insurance costs.

  • Big cities mean more claims - Residing in small towns and rural areas has definite advantages when insuring your vehicles. Less people living in that area means reduced accidents and lower theft and vandalism rates. People who live in big cities have much more traffic and a longer drive to work. Higher commute times can result in more accidents.
  • Liability insurance is critical - Your policy's liability coverage is the protection if ever a court rules you are at fault for physical damage or personal injury to other. Your liability coverage provides legal defense to defend your case. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • Do you really need roadside assistance? - There are a lot of additional extra coverages that can add up when buying car insurance. Insurance for vanishing deductibles, towing coverage, and motor club memberships are probably not needed. They may seem good when discussing your needs, but your needs may have changed so think about removing them and cutting costs.
  • Gender and auto insurance costs - Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn't mean women are BETTER drivers than men. Men and women get in fender benders at about the same rate, but the men have costlier accidents. Not only are claims higher, but men get ticketed for serious violations such as DWI and reckless driving. Young men ages 16 to 20 are most likely to cause an accident so they pay the highest premiums.

    The example below compares Chevy Cobalt insurance costs for male and female drivers. The costs are based on no violations or accidents, full coverage, $100 deductibles, drivers are single, and no discounts are factored in.