How Much Does 2006 Chevrolet Cobalt Car Insurance Cost?

If you are new to online insurance coverage, most likely you are confused by the confusing number of online insurance coverage companies and websites that all promise to save you money.

It’s a good habit to get comparison quotes quite often because rates are constantly changing. Just because you had the best rate for Cobalt insurance a few years ago there may be better deals available now. Block out anything you think you know about insurance coverage because I’m going to let you in on the secrets to the proper way to save money, get proper deductibles and limits, all at the lowest rate.

More discounts mean cheaper premiums

Some providers do not advertise every discount they offer in an easy-to-find place, so the next list breaks down a few of the more common and also the more inconspicuous auto insurance savings.

  • Driver Safety – Participating in a course that instructs on driving safety is a good idea and can lower rates depending on where you live.
  • Drivers Education – Teen drivers should successfully complete driver’s ed class in high school.
  • No Accidents – Drivers who stay claim-free can save substantially when compared to drivers who are more careless.
  • Braking Control Discount – Anti-lock brake equipped vehicles prevent accidents so you can save 10 percent or more.
  • Homeowners Discount – Owning a house may trigger a policy discount on auto insurance because it requires personal responsibility.
  • Paper-free Discount – A few auto insurance companies may give you up to $50 just for signing your application on the internet.

Please keep in mind that many deductions do not apply to the entire cost. Most only apply to individual premiums such as comprehensive or collision. So even though you would think you could get a free auto insurance policy, companies don’t profit that way. But any discount will bring down the amount you pay for coverage.

A partial list of companies that may offer policyholders these discounts may include but are not limited to:

When getting a coverage quote, ask each insurance company how you can save money. Some discounts might not apply in your area.

How insurance providers determine Chevy Cobalt insurance prices

Many factors are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving history, but other criteria are more transparent like your continuous coverage or your commute time.Part of the car insurance buying process is learning some of the factors that help determine the rates you pay for car insurance. When you understand what positively or negatively impacts your premiums, this enables informed choices that can help you get cheaper rates.

  • Is you job costing you more? – Did you know your career choice can influence rates? Occupations such as lawyersairline pilots and dentists have higher rates than average due to high stress levels and extremely grueling work hours. Other careers such as professors, historians and homemakers have the lowest average rates for Cobalt insurance.
  • Good credit equals lower premiums – Having a bad credit score will be a significant factor in determining your rates. Consumers who have good credit tend to file fewer claims than drivers who have poor credit scores. So if your credit score could use some work, you could save money insuring your 2006 Chevrolet Cobalt by improving your rating.
  • Policy add-ons can waste money – There are a ton of additional coverages that you can buy but may not be useful. Insurance for vanishing deductibles, high-cost glass coverage, and Farm Bureau memberships could be just wasting money. These may sound like a good investment when buying your policy, but if you’ve never needed them in the past consider taking them off your policy.
  • GPS tracking and theft deterrents lower rates – Selecting a car model with an alarm system can save you some money. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart auto theft and help lower rates.

It’s not one size fits all

When it comes to choosing adequate coverage, there really is no “perfect” insurance plan. Everyone’s situation is unique.

Here are some questions about coverages that can aid in determining whether you would benefit from an agent’s advice.

  • Where can I find DUI or SR-22 insurance?
  • Exactly who is provided coverage by my policy?
  • When should my teen driver be added to my policy?
  • Is a new car covered when I drive it off the dealer lot?
  • I don’t drive much so do I pay less?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.

Detailed coverages of your insurance policy

Understanding the coverages of a insurance policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Liability

Liability coverage protects you from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.

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. You might see policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against claims like attorney fees, loss of income and medical services. How much liability should you purchase? That is up to you, but you should buy as large an amount as possible.

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your Chevy Cobalt.

Since many drivers only carry the minimum required liability limits, 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.

Comprehensive protection

This covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as falling objects, fire damage, hitting a bird, hitting a deer and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for bills like X-ray expenses, doctor visits, ambulance fees, prosthetic devices and surgery. They are often used to fill the gap from your health insurance plan or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Collision protection

This covers damage to your Cobalt resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like driving through your garage door, hitting a mailbox and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. You can also raise the deductible in order to get cheaper collision rates.

Have the Midas touch

We covered a lot of tips how to compare 2006 Chevy Cobalt insurance rates online. The most important thing to understand is the more providers you compare, the higher your chance of finding the cheapest insurance coverage. You may even discover the best rates are with an unexpected company.

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. In many instances, an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible for the lowest cost, not the least amount of coverage.

Consumers who switch companies do it for many reasons like questionable increases in premium, delays in paying claims, extreme rates for teen drivers and poor customer service. It doesn’t matter what your reason, choosing a new insurance company is not as hard as you think.

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