Looking for lower insurance rates for your Chevrolet Cobalt? Finding low-cost insurance for a Chevy Cobalt can normally be an all-consuming task, but you can follow our insurance buying tips and make it easy. There is a right way and a wrong way to shop for insurance and we’ll show you the proper way to compare rates for your Chevy and obtain the lowest possible price.
It’s a good habit to do rate comparisons occasionally because prices change frequently. Even if you think you had the best deal for Cobalt insurance two years ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because you’re going to learn one of the easiest ways to find lower rates on insurance.
If you have a current car insurance policy or are shopping for new coverage, you can learn to find the best rates and possibly find even better coverage. Shopping for the cheapest coverage is quite easy. Drivers just need to know the most efficient way to find the lowest price online.
Some insurance providers do not list all disounts very well, so the list below gives a summary of some of the best known and the harder-to-find discounts that you may qualify for.
A quick disclaimer, some credits don’t apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. Even though the math looks like you would end up receiving a 100% discount, you aren’t that lucky.
A list of auto insurance companies and the discounts they provide can be read below.
It’s a good idea to ask every insurance company how you can save money. Some of the discounts discussed earlier may not apply to policyholders in your area.
Many factors are used when you get a price on insurance. Most are fairly basic such as your driving record, although some other factors are more transparent like where you live or how safe your car is.An important part of buying insurance is that you know a few of the rating criteria that are used to determine your policy premiums. When you understand what controls the rates you pay, this allows you to make good choices that will entitle you to lower premium levels.
The items below are just a few of the factors used by insurance companies to determine your prices.
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Coverage needs to be tailored to your specific needs.
For example, these questions may help you determine if your insurance needs would benefit from professional advice.
If you can’t answer these questions but a few of them apply, you may need to chat with an insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It only takes a few minutes and can help protect your family.
Consumers can’t avoid all the ads that promise big savings for switching from companies such as State Farm and Allstate. They all try to convey promises that you can save if you just switch your auto insurance coverage to their company.
How is it possible that every company can charge lower premium rates? It’s all in the wording.
Auto insurance companies have specific guidelines for a prospective insured that is profitable for them. A good example of a profitable insured might be described as over age 30, has never had a claim, and drives less than 5,000 miles a year. Anyone that hits that “sweet spot” gets the lowest prices and will also cut their rates substantially.
Potential customers who are not a match for this ideal profile may be required to pay more expensive rates which usually ends up with business going elsewhere. The trick companies use is to say “people that switch” but not “all drivers who get quotes” save that much money. That’s why companies can truthfully make those claims. This really illustrates why you really need to do a rate comparison at every renewal. It is just not possible to predict which auto insurance company will have the lowest rates.
Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.
Liability insurance
Liability coverage will cover injuries or damage you cause to other’s property or people by causing an accident. This insurance 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, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against claims such as funeral expenses, emergency aid, legal defense fees and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying as much as you can afford.
Comprehensive coverages
Comprehensive insurance pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like damage from flooding, a broken windshield, rock chips in glass and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision protection
Collision coverage pays for damage to your Cobalt resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as crashing into a building, rolling your car and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance provide coverage for bills like surgery, rehabilitation expenses, funeral costs and EMT expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Uninsured and underinsured coverage
Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants and damage to your 2010 Chevy Cobalt.
Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
People switch companies for any number of reasons including poor customer service, policy non-renewal, high rates after DUI convictions or lack of trust in their agent. It doesn’t matter what your reason, finding a new company can be pretty painless.
As you prepare to switch companies, do not reduce needed coverages to save money. In many instances, someone sacrificed uninsured motorist or liability limits and learned later that the savings was not a smart move. The aim is to purchase a proper amount of coverage at the best price, but do not skimp to save money.
Cheap 2010 Chevy Cobalt insurance is possible both online and with local insurance agents, so get free insurance coverage quotes from both of them to have the best rate selection. Some companies do not offer rates over the internet and these small, regional companies work with independent insurance agencies.
Jerrod Bryant
I live on the west side of Charleston, West Virginia. I quoted with 21st Century, Hartford, and Erie for my 2010 Chevrolet Cobalt and I’m now saving $24 a month. Just waiting to see how claims go.
Myron Pratt
Just a quick comment on my experience. Got a quote with AAA for my Cobalt and saved around $120 a year. Highly recommended.
Laurena Frost
If you don’t have tickets and live around Paterson, New Jersey, check out Progressive. You might get cheaper rates. I’m a pretty low risk driver. Get lots of quotes to find the best rate.
Sima Donaldson
In Rochester, MN, AIG Insurance had the best rates for my 2010 Chevrolet Cobalt. Was with Auto-Owners. I used their website to get prices.
Devona Wood
I think 21st Century has low rates in West Virginia. For me anyway.
Soila Roy
I’m in Des Moines, IA, and State Farm rates were affordable. Thankfully I’m not a high risk driver.
Evan Bradford
Checking in from Provo, UT. Received quotes with Amica, Mercury, and Western Auto Insurance for my Chevrolet and saved about $460 a year. Left Safeco to switch. I increased coverages a little too. Not sure if rates are cheaper online or not.
Tim Hahn
Cheapest quote for my 2010 Chevrolet Cobalt was with Esurance. Was with Esurance. Not sure if rates are cheaper online or not.
Bunny Stark
I live in Salt Lake City, Utah. Quoted with USAA, AIG Insurance, Hartford, and Safeco for my 2010 Chevrolet Cobalt and am saving around $510 a year. Ask about discounts. I quoted rates online then called them.
Shyla Munoz
Too expensive. I ride a bike.
Leann Lyons
Good detail in your article. Live in the eastern part of Boston, Massachusetts. Don’t remember every company but I ended up saving about $30 each month. Teenage drivers are expensive! It’s easy to compare rates online now.
Millicent Golden
I’m in North Charleston, SC. Received prices from Allstate, Hartford, and Farmers for my 2010 Chevrolet Cobalt and saved $255 a year.
Lizzette Jacobs
If you don’t have tickets and are close to Providence, Rhode Island, check out 21st Century. I saved quite a bit. Teenage drivers are expensive! Can still barely afford it.
Wilton Mejia
Liked the article. From a town just southwest of Allentown, Pennsylvania. Not sure of all the companies but I ended up saving about $40 each month. I have several vehicles insured with them.
Dane Lambert
Does Allstate settle claims fairly?
Chantay Hernandez
Anyone know of any company in Fargo, ND that will insure high risk drivers?
Shin Shaffer
Does State Farm use ACV or replacement cost?
Roseline Wilkinson
Corporate greed I’m telling you. From west side of San Jose, CA. I quoted with AAA, Safeco, and a few others for my Chevrolet and cut my rates about $500 a year.
Penni Nicholson
I live in Honolulu, HI. Received rates from State Farm, American Family, and some I forget for my Cobalt and I’m now saving $64 a month.
Carleen Hood
Thought I’d throw in my experience. I live in a small town just outside of West Valley City, UT. Got quotes with 21st Century, American Family, Encompass, and Liberty Mutual for my 2010 Chevrolet Cobalt and cut my rates about $130 a year. Left Travelers to switch. Thankfully I’m not a high risk driver.
Marianne Haney
I got quite a few price quotes for a 2010 Chevrolet Cobalt in Lexington, Kentucky. Ended up at right around $350 every six months with American Family. They were helpful in switching over.