Want better insurance rates for your Chevrolet Cobalt? Pricey Chevrolet Cobalt insurance can diminish your savings account and require stricter spending habits. Price shopping at each renewal is a fast and free way to make ends meet.
Numerous insurers battle to insure your vehicles, so it’s not easy to compare every insurance company to get the cheapest price
Consumers need to quote other rates as often as possible because insurance prices are constantly changing. Even if you got the lowest price for Cobalt insurance at your last renewal other companies may now be cheaper. Forget all the misinformation about insurance because you’re going to learn how to use the internet to remove unneeded coverages and save money.
If you are paying for car insurance now, you should be able to save some money using these techniques. Finding affordable coverage is quite easy. But drivers must learn the way companies sell insurance online.
Consumers need to have an understanding of the factors that help calculate your insurance rates. If you have a feel for what impacts premium levels, this allows you to make educated decisions that can earn you much lower annual insurance costs.
To find the best insurance prices, there are several ways of comparing rates from different companies. The best method to compare rates consists of shopping online. It’s really quite simple and can be done in a couple of different ways.
For a handy list of car insurance company links in your area, click here.
You can use whichever method you prefer to find lower rates, just make sure you use equivalent coverage data on every quote. If you enter higher or lower deductibles it will be impossible to make a fair comparison for your Chevy Cobalt. Just a small difference in insurance coverages or limits may result in a large different in cost. And when price shopping your coverage, comparing more rates from different companies will improve the odds of getting a better price. Not every company allows you to get online quotes, so you also need to get price quotes from them, too.
Insurance companies such as 21st Century, Allstate and State Farm regularly use television and radio advertisements. All the companies advertise claims of big savings just by switching to them. How does every insurance company charge you a lower premium? Just pay attention to how they say it.
All companies quote their cheapest rates for the type of driver that will most likely be profitable. For instance, a driver they prefer may need to be over the age of 45, has a clean driving record, and has excellent credit. A propective insured who fits those characteristics will probably get the lowest rates and will pay quite a bit less when switching companies.
Consumers who are not a match for the ideal profile will be quoted a higher rate which results in the prospect going elsewhere. The ad wording is “customers who switch” but not “everyone who gets a quote” save money. That is how insurance companies can advertise the way they do. Because of the profiling, you absolutely need to compare quotes as often as possible. It is impossible to guess with any certainty which company will fit you best based on your risk profile.
Auto insurance companies don’t list every disount available in an easy-to-find place, so the below list has a few of the more well known and also the lesser-known credits available to lower your premiums when you buy insurance coverage online. If you check and find you aren’t receiving every discount possible, you’re paying more than you need to.
As is typical with insurance, most of the big mark downs will not be given to the entire policy premium. Most only reduce individual premiums such as liability and collision coverage. Even though it may seem like you could get a free auto insurance policy, you won’t be that lucky.
If you would like to choose from a list of auto insurance companies that offer the discounts shown above, click here.
When it comes to buying the right insurance coverage, there really is no perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining if you may require specific advice.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.
Understanding the coverages of your insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most insurance policies.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Chevy Cobalt.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive auto coverage – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like theft, a tree branch falling on your vehicle, hitting a bird, fire damage and vandalism. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability insurance – Liability insurance provides protection from damage that occurs to other people or property. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.
Liability insurance covers things like court costs, emergency aid and medical expenses. How much coverage you buy is up to you, but consider buying higher limits if possible.
Collision coverages – Collision coverage pays for damage to your Cobalt resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims such as crashing into a ditch, damaging your car on a curb, rolling your car, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for expenses such as nursing services, X-ray expenses, ambulance fees and chiropractic care. They are used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There have been many situations where someone dropped liability limits or collision coverage to discover at claim time that it was a big mistake. The aim is to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.
Lower-priced auto insurance is attainable from both online companies and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis. There are still a few companies who may not offer online quoting and most of the time these smaller companies only sell through independent agencies.
Kyoko Lamb
Got a quote with Allstate for my 2005 Chevrolet Cobalt and saved around $510 a year. Moved home policy as well.
Vernon Mckee
Liked the article. Checking in from Aurora, IL. I got free quotes from 21st Century, AAA, and Encompass for my Cobalt and saved just over $520 a year. I used their website to get prices.
Rutha Owens
Cheapest quote for my 2005 Chevrolet Cobalt was with Esurance. I just quoted rates online.
Ariel Nash
Progressive and State Farm had the best prices I found in South Dakota.
Judi Sweet
In Bridgeport, Connecticut, Auto-Owners had the best rates for my 2005 Chevrolet Cobalt. Have an at-fault accident tho. It’s still not cheap enough.
Leslie Gutierrez
Live in the eastern part of Jersey City, NJ. Quoted prices online for a 2005 Chevrolet Cobalt. Ended up at about $230 savings annually. Went with GEICO. Insured with Erie before. I got prices on the web.
Aliza Vega
Any claims experience with 21st Century in Jersey City, NJ?
Flo Lee
Quoted with Allstate for my Cobalt and cut my rates about $210 a year. Highly recommended.
Casie William
Good site, thanks. Lifelong resident of Gulfport, MS. Can’t remember who all I quoted but I ended up saving about $30 each month. LOL
Ilana Faulkner
Liked the article. I’m in the suburbs of Cleveland, Ohio. I quoted with The General, Amica, Mercury, and a couple others for my 2005 Chevrolet Cobalt and saved just over $500 a year. Even increased my liability limits. They offer free online rate quotes.
Olimpia Gray
It’s all a rip off. I’m in the suburbs of Dover, Delaware. I compared lots of rates. Saved right around $20 a month. Progressive was the cheapest option for me. Moved home policy as well. Bought it from an online quote.
Abigail Dudley
For me, Allstate was by far the cheapest in Henderson, NV.
Phyllis Robbins
Hope my car insurance gets cheaper. Proud to be from Davenport, Iowa. Got car insurance quotes from Allstate, AIG Insurance, and some I forget for my 2005 Chevrolet Cobalt and I think I cut my rates about $30 each month. They have a lot of discounts available.