Cheap 2007 Chevrolet Cobalt Insurance Rates

Wish you could get out of overpriced car insurance? You’re in good company because there are many people just like you.

Insurance companies such as Geico, Farmers Insurance and State Farm constantly blast consumers with catchy ads and it is challenging if not impossible to avoid their marketing magic and find the best price available.

You should make it a habit to get comparison quotes at least once a year because prices fluctuate regularly. Just because you had the lowest quotes for Cobalt insurance on your last policy other companies may now be cheaper. Forget all the misinformation about car insurance because you’re going to learn one of the best ways to find lower rates on car insurance.

If you currently have a car insurance policy, you should be able to reduce your rates substantially using this strategy. Finding the best rates is easy if you know what you’re doing. Nevertheless, consumers can benefit from knowing how the larger insurance companies sell online because it can help you find the best coverage.

The Chevy Cobalt insurance price equation

Many things are taken into consideration when you get a price on insurance. Some are pretty understandable like your driving record, although some other factors are more obscure such as your credit history or how safe your car is.

• High coverage deductibles cost less – Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your vehicle. Some examples of covered claims are a broken windshield, vandalism, and damage from a fallen tree branch. The deductibles state the amount of money you are required to spend if a claim is determined to be covered. The more money you’re willing to pay, the less money you will pay for insurance for Cobalt insurance.
• Expect high rates for teens – Youthful drivers are proven to be less responsible behind the wheel so insurance rates are higher. If you’ve ever had to add a inexperienced driver to your insurance policy can cause a big jump in price. Older insureds are proven to be safer behind the wheel, cost insurance companies less in claims and are safer drivers.
• More policies can equal more savings – Many insurance companies will award a discount to insureds who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be ten or even fifteen percent. Even with this discount, drivers will still want to get quotes from other companies to make sure you are getting the best deal. You may still find better rates by buying from different companies
• Rural vs Urban Areas – Living in smaller towns and rural areas of the country may provide you with better prices when trying to find low car insurance rates. Less people translates into fewer accident claims in addition to lower liability claims Drivers in populated areas tend to have much more traffic and longer commute times. Spending more time driving means more chances of being involved in an auto accident.
• Drive less and get lower rates – The more miles you rack up on your Chevy annually the higher your rate. A lot of insurance companies charge rates based on their usage. Autos that are left in the garage receive lower rates than cars that get driven a lot. Double check that your insurance policy properly reflects the correct usage for each vehicle. Having the wrong rating on your Cobalt may be costing you higher rates.

Cheaper rates with discounts

Insurance can cost an arm and a leg, but you might already qualify for some discounts that you may not even be aware of. Certain discounts will be triggered automatically when you complete an application, but some must be inquired about prior to getting the savings. If you are not receiving all the discounts possible, it’s possible you qualify for a lower rate.

• Student Driver Training – Teen drivers should participate in a local driver’s education class in school or through a local driver safety program.
• Professional Organizations – Being in specific professional or occupational memberships or organizations may earn a discount on your next renewal.
• Safe Driver Discounts – Drivers who don’t get into accidents could pay up to 40% less for Cobalt insurance as compared to drivers with claims.
• Good Student – Maintaining excellent grades can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
• Anti-lock Brake System – Cars with anti-lock braking systems are safer to drive so you can save 10 percent or more.

One last thing about discounts, most credits do not apply to the entire cost. Some only apply to individual premiums such as comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, it’s just not the way it works. But all discounts will definitely lower your policy premiums.

To view companies that can offer you the previously mentioned discounts, follow this link.

Brand name doesn’t guarantee savings

Auto insurance providers like Progressive, Geico, Allstate and State Farm seem to constantly run ads in print and on television. They all seem to make an identical promise of big savings just by switching your auto insurance coverage to their company. How is it plausible that every one can make the same claim?

Insurance companies provide the lowest rates for the type of driver that will most likely be profitable. For instance, this type of insured should be a married male, has never had a claim, and insures a new vehicle. Any new insured who matches those parameters will most likely get cheap prices and as a result will probably save a lot of money.

Potential customers who fall outside these criteria will have to pay a higher rate and ends up with the prospect going elsewhere. If you pay attention, the ads say “people who switch” not “everyone that quotes” can save as much as they claim. That’s why companies can make claims that they all have the best premium rates. Because of this risk profiling, it’s extremely important to compare as many free insurance quotes as you can. It is impossible to predict with any certainty which company will provide the lowest car insurance rates.

What is the best car insurance coverage?

When it comes to buying the best car insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Every insured’s situation is different so your insurance needs to address that. For example, these questions might help in determining if you will benefit from professional help.

• What is covered by UM/UIM coverage?
• What should my uninsured motorist coverage limits be in my state?
• Are there companies who specialize in insuring high-risk drivers?
• When would I need additional glass coverage?
• Where can I find DUI or SR-22 insurance?
• Is my 2007 Chevy Cobalt covered for flood damage?
• Is my nanny covered when driving my vehicle?
• Is my vehicle covered by my employer’s policy when using it for work?
• What is medical payments coverage?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.

Car insurance coverages for a Chevy Cobalt

Having a good grasp of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages found on most auto insurance policies.

Coverage for liability

Liability insurance protects you from damage or injury you incur to other’s property or people by causing an accident. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against things like legal defense fees, medical expenses, funeral expenses and emergency aid. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive coverages

Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as a broken windshield, damage from getting keyed and theft. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Chevy Cobalt.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked.

Coverage for collisions

Collision coverage will pay to fix damage to your Cobalt from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things like damaging your car on a curb, scraping a guard rail, sustaining damage from a pot hole, driving through your garage door and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Coverage for medical payments

Med pay and PIP coverage kick in for expenses for things like hospital visits, doctor visits, chiropractic care, rehabilitation expenses and prosthetic devices. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay

Power to the consumer

We just presented many tips how you can lower your 2007 Chevy Cobalt insurance premium rates. The key thing to remember is the more rate comparisons you have, the better likelihood of getting the cheapest insurance. You may even discover the biggest savings come from the smaller companies. These smaller insurers may only write in your state and offer lower prices than the large multi-state companies such as Progressive and Geico.

As you quote insurance, make sure you don’t buy poor coverage just to save money. In too many instances, someone dropped liability limits or collision coverage and learned later that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage at a price you can afford.

More information

• Older Drivers FAQ (iihs.org)
• Auto Insurance Basics (Insurance Information Insitute)
• Side Impact Crash Tests (iihs.org)
• State Car Insurance Guides (Geico)
• Should I Buy a New or Used Car? (Allstate)