How Much Does 2006 Chevrolet Colorado Insurance Cost?

Searching for cheaper car insurance rates for your Chevrolet Colorado? Finding cheaper insurance coverage quotes online is challenging if you are one of the many people who have never used quote comparisons online. But don’t give up because finding better prices is easier than you think.

Compare insurance coverage rates

When shopping for insurance coverage there are multiple ways to obtain and compare prices from all the different companies. The easiest way to compare rates is to jump online and get quotes. This is quite simple and can be completed in several different ways.

If you’re in a hurry, the quickest way to find low rates is to use a rate comparison form like this one (opens in new window). This style of form saves time by eliminating separate quote forms for each company you want a rate for. Taking the time to complete one form gets you coverage quotes from all major companies.It’s the quickest way to get rates.
A harder way to get comparison quotes is to manually visit each individual company website and fill out a new quote form. For example, let’s say you want comparison quotes from Liberty Mutual, Allstate and Progressive. To find out each rate you need to visit each site and punch in your information repeatedly, which is why first method is reommended. For a list of companies in your area, click here.
The last method to compare price quotes is to waste gas driving to and from local insurance agencies. The fact that you can get quotes online makes this process obsolete unless you prefer the professional advice that only an agent can give. Some companies do allow you to get the lowest quotes online but buy the policy through an agent.

The method you choose is up to you, but do your best to use the exact same information for every quote you compare. If you are comparing different limits and deductibles on each one it will be next to impossible to make an equal comparison. Having just a slight variation in limits may cause a big price difference. Keep in mind that obtaining a wide range of quotes increases your odds of finding a lower rate than you’re paying now. Some regional insurers cannot provide price estimates online, so it’s necessary to compare price estimates from them as well.

These discounts can lower your auto insurance rates

Car insurance companies don’t always advertise all possible discounts very clearly, so the list below details a few of the more well known as well as some of the hidden discounts that may be available.

Homeowners Pay Less – Just being a homeowner can earn you a little savings since home ownership demonstrates responsibility.
Multiple Cars – Buying coverage for multiple cars with one company could earn a price break for each car.
ABS Brakes – Vehicles that have anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.
Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a discounted premium rate on car insurance if you buy a life policy as well.
Anti-theft System – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and that can save you a little bit as well.
Discount for Multiple Policies – When you combine your auto and homeowners insurance with one insurance company they may give you a discount of up to 20% and get you affordable insurance coverage.
Driver’s Education for Students – Have your child successfully complete driver’s ed class if offered at their school.

Discounts save money, but please remember that most discounts do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates you can get free auto insurance, companies don’t profit that way.

To find companies who offer free auto insurance quotes, click here.

Smart buyers can slash their insurance rates

An important part of buying insurance is that you know some of the elements that help calculate the level of your policy premiums. If you have some idea of what determines premiums, this helps enable you to make changes that may result in better insurance rates. Many things are used in the calculation when you quote your car insurance policy. Some are obvious such as your driving history, although some other factors are less obvious such as your credit history or how safe your car is.

The itemized list below are just a few of the factors used by companies to determine rates.

Low comp and collision deductibles cost more – Protection for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, helps pay for damage to your vehicle. Some examples of claims that would be covered are colliding with a building, hitting a deer, and burglary. The deductibles you choose define how much you are willing to pay if you file a covered claim. The more expense you pay before a claim is paid (deductible), the less your company will charge you for insurance for Colorado coverage.
City traffic equals higher costs – Living in smaller towns and rural areas of the country is a positive aspect if you are looking for the lowest rates. Fewer drivers and short commutes translates into fewer accidents. People who live in big cities have to deal with more road rage incidents and higher rates of accident claims. More time behind the wheel can result in more accidents.
Lower stress equals lower rates – Did you know your job can affect your rates? Careers like real estate brokersairline pilots and dentists generally pay higher premium rates in part from intense work situations and long work days. Other careers like actors, athletes and the unemployed pay lower than average rates for Colorado coverage.
Teenage drivers are expensive to insure – Beginning drivers tend to be easily distracted with other occupants in the car and because of this, their insurance rates are much higher. More mature drivers tend to be more responsible, statistically cause fewer accidents .
Females tend to be lower risk – The statistics show that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Females and males are responsible for accidents in similar percentages, but men have accidents that have higher claims. Not only that, but men also receive more major tickets like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents and therefore are the most expensive to insure.
How do annual miles impact rates? – Driving a lot of miles in a year’s time the more you will pay for insurance. The majority of insurers calculate prices determined by how the vehicle is used. Autos left parked in the garage receive lower rates than vehicles that have high annual mileage. An improperly rated Colorado may be costing you. It’s a good idea to make sure your vehicle rating is rated on the correct usage, because it can save money.
Eliminate unneeded incidental coverages – Insurance policies have a lot of additional extra coverages you can purchase when buying insurance. Coverages for coverage for rental cars, towing, and membership fees may be costing you every month. They may sound like good ideas at first, but now you might not need them so get rid of them and save.

Different people need different insurance coverages

When choosing proper insurance coverage, there is no cookie cutter policy. Every situation is different.

Here are some questions about coverages that can help discover if your situation would benefit from an agent’s advice.

What can I do if my company won’t pay a claim?
Which companies will insure high-risk drivers?
What is medical payments coverage?
Does car insurance cover theft of personal property?
Is my state a no-fault state?
Is motorclub coverage worth it?
Should I buy additional glass protection?
How high should deductibles be on a 2006 Chevy Colorado?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form.

Insurance advertisements

Insurance providers like Progressive, GEICO, Allstate and State Farm endlessly run television and radio advertisements. All the companies seem to make the promise of big savings if you get a free insurance coverage quote and switch your coverage to them. Is it even possible that every company can have lower policy pricing? This is the trick they use.

All the different companies give the cheapest rates for a prospective insured that earns them the highest profit. An example of a driver they prefer may need to be a married male, has no prior claims, and drives a car with an anti-theft system. Any customer who matches those parameters will most likely get cheap premium rates and is almost guaranteed to cut their rates substantially.

Consumers who do not meet those standards will see a higher rate and business not being written. If you listen closely, the ads state “drivers who switch” not “everyone who quotes” save that kind of money. That is how insurance companies can confidently advertise the way they do.

Each company has different criteria, so it’s extremely important to compare quotes as often as possible. Because without a comparison, you cannot know which company will have the lowest premium rates for your situation.

Coverage specifics

Knowing the specifics of your policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement.

Uninsured and underinsured coverage

This coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your 2006 Chevy Colorado.

Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Comprehensive coverages

This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims such as rock chips in glass, damage from a tornado or hurricane, theft, damage from flooding and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision insurance

Collision insurance will pay to fix damage to your Colorado resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as sustaining damage from a pot hole, hitting a mailbox, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.

Coverage for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as EMT expenses, ambulance fees, funeral costs and surgery. The coverages can be utilized in addition to your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Liability insurance

Liability insurance will cover damage or injury you incur to other’s property or people in an accident. It protects you against claims from other people. It does not 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. Your policy might show policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.

Liability coverage protects against things such as medical expenses, funeral expenses, repair bills for other people’s vehicles, loss of income and legal defense fees. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

You can do this!

When getting insurance coverage quotes online, make sure you don’t sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice full coverage and learned later that the savings was not a smart move. The proper strategy is to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.

We just covered a lot of ways to lower your 2006 Chevy Colorado insurance premium rates. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding affordable insurance coverage. Consumers could even find that the lowest priced insurance coverage comes from some of the smallest insurance companies.

Discount 2006 Chevy Colorado insurance is available from both online companies and also from your neighborhood agents, so you should compare both in order to have the best price selection to choose from. Some companies do not provide online quoting and usually these regional insurance providers only sell through local independent agents.