2015 Chevrolet Colorado Car Insurance Cost

When shopping for cheaper insurance, are you confused by the dozens of auto insurance providers in your area? There are so many choices that it can be a challenge to find lower rates.

You need to compare rates as often as possible because prices trend upward over time. Just because you found the lowest price for Colorado insurance two years ago the chances are good that you can find a lower rate today. There is a lot of wrong information about auto insurance out there, but we’re going to give you a lot of great tips on how to slash your auto insurance rates.

If you are paying for car insurance now, you will be able to save some money using these methods. This article will tell you how car insurance quotes work and some money-saving tips. Nevertheless, car owners must learn how companies price online insurance because it can help you find the best coverage.

Take advantage of every auto insurance discount

Companies offering auto insurance do not advertise all possible discounts in a way that’s easy to find, so the list below gives a summary of a few of the more common and the more hidden credits that may apply to you.

• ABS and Traction Control Discounts – Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
• Defensive Driver Discounts – Completing a class that teaches defensive driving techniques is a good idea and can lower rates and make you a better driver.
• Fewer Miles Equal More Savings – Driving fewer miles could be rewarded with cheaper prices.
• Accident Forgiveness – Not necessarily a discount, but some companies like Liberty Mutual, Allstate and State Farm will allow you to have one accident before raising your premiums if your claims history is clear before the accident.
• Life Insurance Discount – If the company offers life insurance, you could get a small discount if you purchase a life policy as well.
• Passive Restraints – Cars that have air bags or motorized seat belts can get savings of up to 25% or more.
• E-sign Discounts

Don’t be shocked that most discounts do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though you would think having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

A list of auto insurance companies and a summarized list of policyholder discounts are included below.

• Farm Bureau has savings for youthful driver, safe driver, driver training, 55 and retired, renewal discount, multi-vehicle, and multi-policy.
• MetLife offers discounts including accident-free, defensive driver, multi-policy, good driver, good student, and claim-free.
• Progressive may have discounts that include online signing, good student, multi-policy, online quote discount, continuous coverage, and homeowner.
• AAA offers discounts for multi-car, education and occupation, good driver, anti-theft, and AAA membership discount.
• American Family may offer discounts for air bags, defensive driver, Steer into Savings, bundled insurance, and multi-vehicle.
• Geico may include discounts for multi-vehicle, military active duty, good student, multi-policy, driver training, and anti-lock brakes.
• State Farm includes discounts for safe vehicle, good driver, Steer Clear safe driver discount, driver’s education, passive restraint, and accident-free.

If you need lower rates, check with every prospective company which discounts you qualify for. Some discounts might not be available to policyholders in your state.

How to know if you need help

When it comes to buying the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions may help you determine if your situation might need an agent’s assistance.

• I have good health insurance, so how much medical payments coverage do I need?
• What are the best liability limits?
• How much can I save by bundling my policies?
• Are my friends covered when driving my car?
• When would I need additional glass coverage?
• Do I have coverage when using my vehicle for my home business?
• Does my policy cover my teen driver if they drive my company car?
• Can I get a multi-policy discount?
• What can I do if my company won’t pay a claim?
• Is business equipment covered while in my vehicle?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form.

What auto insurance coverages do you need?

Knowing the specifics of your auto insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring.

Uninsured or underinsured coverage – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your Chevy Colorado.

Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important. Frequently these limits do not exceed the liability coverage limits.

Collision coverages – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims like damaging your car on a curb, colliding with another moving vehicle and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.

Liability – Liability coverage will cover damage that occurs to other people or property in an accident. It protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against things like emergency aid, attorney fees, structural damage and loss of income. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for EMT expenses, ambulance fees, nursing services, hospital visits and chiropractic care. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers both the driver and 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 and gives slightly broader coverage than med pay

Comprehensive protection – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, hitting a deer, damage from flooding, a tree branch falling on your vehicle and hail damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

A penny earned…

Consumers who switch companies do it for a number of reasons such as delays in paying claims, delays in responding to claim requests, poor customer service or even an unsatisfactory settlement offer. Whatever your reason, choosing a new company is pretty easy and you might even save some money in the process.

As you quote auto insurance, don’t be tempted to skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice liability coverage limits only to find out that a couple dollars of savings turned into a financial nightmare. Your goal should be to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.

You just read many ways to shop for 2015 Chevy Colorado insurance online. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. You may even discover the lowest car insurance rates come from an unexpected company.

For more information, feel free to visit the following helpful articles:

• How Much Auto Coverage do I Need? (Insurance Information Insitute)
• Teen Driving and Texting (State Farm)
• Protecting Teens from Drunk Driving (Insurance Information Insitute)
• Protect Yourself Against Auto Theft (Insurance Information Insitute)
• Event Data Recorders FAQ (iihs.org)
• Medical Payments Coverage (Liberty Mutual)