Compare 2008 Chevrolet Cobalt Car Insurance Cost

Searching for cheaper auto insurance rates for your Chevrolet Cobalt? Using the web to shop for insurance quotes online may seem to be difficult if you are one of the millions of people new to online quotes. But don’t be baffled because comparing rates is actually very simple.

Smart consumers take time to compare prices before your next renewal because prices are constantly changing. Even if you got the lowest rates on Cobalt coverage six months ago the chances are good that you can find a lower rate quote today. Ignore everything you know about auto insurance because you’re going to get a crash course in one of the easiest ways to find better rates and still maintain coverage.

This article will tell you how car insurance quotes work and some tricks to saving. If you have car insurance now, you will most likely be able to reduce your rates substantially using these techniques. But drivers can benefit by having an understanding of the way companies price online insurance and take advantage of how the system works.

Save a ton by applying discounts

Some companies don’t always publicize the entire discount list very well, so we break down some of the more common in addition to some of the lesser obvious credits available to you. If you check and find you aren’t receiving every discount possible, you are paying more than you should be.

Discount for Multiple Policies – If you have multiple policies with one insurance company you will save nearly 15% which can help you find cheaper insurance.
Air Bags and Passive Restraints – Vehicles equipped with air bags can get savings of more than 20%.
Discount for Life Insurance – Larger insurance companies have a discount if you purchase life insurance.
Accident Forgiveness Coverage – This one isn’t a discount, but some companies like Allstate, State Farm and Geico will let one accident slide without raising rates so long as you haven’t had any claims for a particular time prior to the accident.
Government Employees – Active or retired federal employment can save as much as 8% on Cobalt coverage with a few insurance companies.
Paper-free Discount – A handful of companies will discount your bill up to fifty bucks for signing up on the internet.
Pay Now and Pay Less – By making one initial payment rather than spreading payments over time you may reduce your total bill.
Safety Restraint Discount – Drivers who require all occupants to use their safety belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
Drivers Ed for Students – Require your teen driver to enroll in driver’s education in school or through a local driver safety program.
Telematics Discount – Drivers who elect to allow their insurance company to track driving habits by using a telematics device in their vehicle such as State Farm’s In-Drive could see a rate decrease if they exhibit good driving behavior.

Keep in mind that most of the big mark downs will not be given to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. Even though it appears all those discounts means the company will pay you, insurance companies aren’t that generous. But all discounts should definitely cut the premium cost.

A few companies who might offer these money-saving discounts may include but are not limited to:

Before purchasing a policy, check with every insurance company which discounts can lower your rates. A few discounts may not be available in your area. If you would like to view insurers that offer some of these discounts, click here.

Your auto insurance coverage should be tailored to you

When choosing the right insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every insured’s situation is different.

These are some specific questions may help highlight if you might need professional guidance.

What exactly is covered by my policy?
Am I covered if I break a side mirror?
Does my insurance cover damage caused when ticketed for reckless driving?
What should my uninsured motorist coverage limits be in my state?
Is my camper covered by my car insurance policy?
What are the financial responsibility laws in my state?
Can I afford low physical damage deductibles?
What if I total my 2008 Chevy Cobalt and owe more than it’s worth?
How much liability do I need to cover my assets?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, fill out this quick form.

Why you might not save $440 a year

Auto insurance providers like Geico, State Farm and Progressive regularly use television and radio advertisements. They all seem to make the point that drivers can save some big amount just by moving your coverage. How does each company have lower policy pricing?

All companies require specific criteria for a prospective insured that earns them the highest profit. One example of a profitable risk profile should be married and over the age of 30, has no claims, and drives less than 5,000 miles a year. Any driver who matches that profile receive the lowest rate quotes and have a good chance to cut their rates substantially.

Insureds who fall outside the ideal profile may receive higher premium rates and this results in business going elsewhere. The ads state “drivers that switch” not “everyone that quotes” will save that much if they switch. That’s why companies can truthfully make the claims of big savings.

This emphasizes why you really need to get as many free insurance quotes as possible. Because you never know which company will fit you best based on your risk profile.

The coverage is in the details

Learning about specific coverages of a insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy.

Liability coverages – This coverage protects you from damage or injury you incur to other people or property in an accident. It protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability can pay for things such as funeral expenses, medical expenses, pain and suffering, attorney fees and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.

Comprehensive insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against claims such as hitting a deer, vandalism, falling objects and hitting a bird. The maximum amount your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses like X-ray expenses, hospital visits and doctor visits. They can be used in conjunction with a health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Collision – Collision coverage will pay to fix damage to your Cobalt resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things such as sideswiping another vehicle, rolling your car, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since many 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. Most of the time these coverages are identical to your policy’s liability coverage.

A fool and his money are soon parted

Cheaper auto insurance is available from both online companies in addition to local insurance agencies, and you should be comparing both to have the best rate selection. Some auto insurance companies may not provide online quoting and many times these regional carriers only sell coverage through independent agents.

You just learned quite a bit of information on how to get a better price on 2008 Chevy Cobalt insurance. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the lowest car insurance rates are with some of the smallest insurance companies.

As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. In many cases, an insured cut liability coverage limits only to find out that they should have had better coverage. Your objective should be to purchase plenty of coverage at the best cost and still be able to protect your assets.