Lower Your 2004 Chevrolet Colorado Insurance Rates

Feel like you have an expensive insurance coverage policy? Don’t feel bad because there are many drivers thinking the same thing.

Drivers have multiple insurers to choose from, and even though it’s nice to have a choice, it makes it harder to find the lowest rates.

Lower the price of car insurance with these tips

Many factors are part of the calculation when premium rates are determined. A few of the factors are predictable such as traffic violations, although others are less apparent like your continuous coverage or how financially stable you are.Consumers need to have an understanding of some of the things that go into determining the rates you pay for car insurance. When consumers understand what positively or negatively impacts your premiums, this allows you to make good choices that may result in lower premium levels.

  • Pleasure use or commuting – The more you drive your Chevy in a year the more it will cost to insure it. A lot of insurance companies rate vehicles based upon how much you drive. Autos that are left in the garage can get a lower rate than vehicles that have high annual mileage. An incorrectly rated Colorado can cost quite a bit. Verify your policy is showing the correct usage, because improper ratings can cost you money.
  • Frequent insurance claims will cost more – If you are a frequent claim filer, you should expect either higher rates or even cancellation. Companies give the best rates to people who file claims infrequently. Your car insurance is intended for the bigger claims that can’t be paid out-of-pocket.
  • Experienced drivers pay less – Teen drivers tend to be more careless when at the wheel of a vehicle and because of this, their car insurance rates are much higher. Older people have been proven to be more responsible, file fewer claims and get fewer tickets.
  • High credit means lower prices – A driver’s credit rating factor in determining what you pay for car insurance. So if your credit history leaves room for improvement, you could save money insuring your 2004 Chevrolet Colorado by improving your credit score. People that have very high credit ratings tend to file fewer claims than those with worse credit.
  • Pay more of a claim out-of-pocket – Protection for physical damage, also called ‘full coverage’, covers your vehicle from damage. Some coverage claims could be colliding with a building, damage from fire, and damage from a fallen tree branch. Deductibles for physical damage define how much you are willing to pay out-of-pocket if a claim is determined to be covered. The more of the claim you are required to pay out-of-pocket, the lower your rates will be for Colorado insurance.
  • Rural vs Urban Areas – Being located in less populated areas of the country is a positive aspect when trying to find low car insurance rates. Drivers who live in large cities regularly have much more traffic and longer commute times. Fewer people means reduced accidents.
  • Never allow your car insurance to lapse – Allowing your coverage to lapse is a fast way to drive up your policy premiums. And not only will insurance be more expensive, getting caught without coverage could result in fines or a revoked license. You could then be forced to submit proof of financial responsibility or a SR-22 with your state motor vehicle department to get your license reinstated.
  • What are good liability insurance limits? – Your car insurance policy’s liability coverage is the coverage that protects you in the event that you are found to be at fault for physical damage or personal injury to other. Liability insurance provides legal defense coverage which can be incredibly expensive. Liability is cheap compared to physical damage coverage, so do not cut corners here.

Earn discounts on auto insurance

Auto insurance can be pricey, but you may be missing some discounts that may help make it more affordable. Some trigger automatically at the time of purchase, but a few need to be manually applied before being credited.

  • Discount for Multiple Policies – If you combine your homeowners and auto policies and insure them both with the same insurance company you could get a discount of over 10 percent off each policy depending on the company.
  • Drive Less and Save – Low mileage vehicles can qualify you for better auto insurancerates on cars that stay parked.
  • Discounts for Cautious Drivers – Insureds without accidents can pay as much as 50% less for Colorado insurance as compared to drivers with claims.
  • Discount for Life Insurance – Insurance companies who offer life insurance give a break if you buy a life insurance policy as well.
  • Accident Free – Good drivers with no accidents can save substantially compared to bad drivers.
  • ABS and Traction Control Discounts – Vehicles that have steering control and anti-lock brakes are much safer to drive so companies give up to a 10% discount.
  • Telematics Data – Drivers who agree to allow driving data collection to monitor when and where they use their vehicle by using a telematic data system like Allstate’s Drivewise could see a rate decrease if they are good drivers.
  • Senior Citizens – Mature drivers can get a discount up to 10% for Colorado insurance.
  • Smart Student Discounts – Getting good grades can get you a discount of up to 25%. The good student discount can last until age 25.
  • Home Ownership Discount – Owning a home can save you money since owning and maintaining a home is proof of financial responsibility.

Don’t be shocked that most of the big mark downs will not be given the the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. Just because you may think you could get a free auto insurance policy, you’re out of luck.

A few popular companies and the discounts they provide are:

  • The Hartford offers discounts for vehicle fuel type, air bag, defensive driver, driver training, and good student.
  • American Family may have discounts that include accident-free, Steer into Savings, multi-vehicle, air bags, and TimeAway discount.
  • Progressive offers premium reductions for online signing, good student, continuous coverage, homeowner, and multi-vehicle.
  • Travelers may include discounts for multi-policy, new car, early quote, good student, multi-car, student away at school, and continuous insurance.
  • Farmers Insurance includes discounts for switch companies, alternative fuel, mature driver, bundle discounts, and good student.
  • USAA has discounts for multi-vehicle, new vehicle, military installation, vehicle storage, family discount, and annual mileage.
  • Liberty Mutual has savings for preferred payment discount, newly retired, safety features, multi-car, and good student.

If you need lower rates, check with every prospective company which discounts can lower your rates. Savings might not apply in your area.

Tailor your insurance coverage to you

When it comes to choosing the right insurance coverage, there is no one size fits all plan. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that might help in determining if your situation might need professional guidance.

  • Do I need to file an SR-22 for a DUI in my state?
  • What is the minimum liability in my state?
  • Why do I only qualify for high-risk insurance?
  • Do I need higher collision deductibles?
  • What if I owe more than I can insure my car for?
  • Do I need motorclub coverage?

If you can’t answer these questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Insurance coverage specifics

Understanding the coverages of insurance helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverages offered by insurance companies.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as surgery, X-ray expenses, pain medications and ambulance fees. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage

Liability insurance

Liability insurance can cover damage that occurs to other people or property. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.

Liability can pay for claims like bail bonds, medical services and pain and suffering. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Comprehensive or Other Than Collision

This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from getting keyed, rock chips in glass, damage from flooding, damage from a tornado or hurricane and theft. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Auto collision coverage

Collision coverage will pay to fix damage to your Colorado caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims like damaging your car on a curb, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to get cheaper collision coverage.

UM/UIM Coverage

Your UM/UIM coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your Chevy Colorado.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Be a smart shopper

Cheaper 2004 Chevy Colorado insurance is possible on the web and from local agencies, so you need to shop car insurance with both in order to have the best price selection to choose from. There are still a few companies who do not offer online price quotes and many times these small insurance companies prefer to sell through independent insurance agents.

Throughout this article, we presented a lot of techniques to compare 2004 Chevy Colorado insurance premium rates online. The key concept to understand is the more providers you compare, the higher your chance of finding affordable car insurance. You may even discover the biggest savings come from a small local company. These companies may have significantly lower prices on certain market segments compared to the large companies like GEICO and State Farm.

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