How Much Does 2010 Chevrolet Colorado Insurance Cost?

No one anticipates paying for car insurance, especially when they are aware that their premiums are too high. Vehicle owners have many insurance companies to pick from, and although it’s nice to have a selection, lots of choices makes it harder to find the best rates for your vehicles.

It’s a good idea to compare rates every six months because car insurance prices fluctuate regularly. If you had the lowest rate on Colorado coverage a couple years back other companies may now be cheaper. Forget all the misinformation about car insurance because you’re going to learn one of the easiest ways to lower your annual insurance bill.

Insurance rates are influenced by these factors

It’s important that you understand the rating factors that aid in calculating your insurance rates. If you have a feel for what impacts premium levels, this enables informed choices that can earn you lower rates. Many different elements are used when quoting car insurance. Some are pretty understandable like a motor vehicle report, although some other factors are more obscure like your continuous coverage or your financial responsibility.

The factors shown below are a partial list of the pieces that factor into premiums.

  • Add-on coverages can cost a lot – Insurance policies have a lot of optional add-on coverages you can purchase on your insurance policy. Add-on coverages like rental car coverage, towing, and term life insurance are some examples. They may seem good when discussing your needs, but your needs may have changed so remove them and pocket the money.
  • Older drivers save more – Drivers with little experience have a tendency to get distracted easily with other occupants in the car and because of this, their insurance rates are much higher. Having to add a inexperienced driver onto a policy can really hurt. Older drivers have been proven to be more responsible, tend to cause fewer accidents and tend to be get fewer driving tickets.
  • Do you have enough liability insurance? – The liability coverage on your policy is the protection if ever you are responsible for damages caused by your negligence. Liability provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive when compared with rates for comp and collision, so drivers should buy more than the minimum limits required by law.
  • Discounts for theft deterrents – Purchasing a vehicle with an alarm system can help lower your rates. Anti-theft features such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
  • Men tend to take more risk – Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that males are worse at driving than females. Both genders tend to get into auto accidents at about the same rate, but guys have costlier accidents. Not only are claims higher, but men get ticketed for serious violations like reckless driving and DUI. Teenage male drivers cause the most accidents so they pay the highest premiums.

Take advantage of every insurance coverage discount

Insurance coverage is neither fun to buy or cheap, but you may find discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but a few need to be asked about in order for you to get them. If you do not double check each discount possible, you may be paying too high a price.

  • Discounts for Federal Employees – Employees or retirees of the government can earn a discount up to 10% on Colorado coverage with select insurance companies.
  • ABS Braking Discount – Cars that have anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
  • Defensive Driver – Completing a course that instructs on driving safety could cut 5% off your bill and easily pay for the cost of the class.
  • Drive Less and Save – Fewer annual miles on your Chevy can qualify you for discounted insurance coveragerates on garaged vehicles.
  • Telematics Data – People who choose to allow driving data submission to study when and where they use their vehicle by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive may see discounts as long as they are good drivers.
  • Safe Driver Discount – Drivers who don’t get into accidents may save up to 50% more on Colorado coverage compared to accident prone drivers.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you can avoid the installment charge.
  • Paperless Signup – A few larger online companies will discount your bill up to fifty bucks for buying your policy on the internet.

As a footnote on discounts, some of the credits will not apply to the entire policy premium. Most cut the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like it’s possible to get free car insurance, it doesn’t quite work that way.

A few of the larger companies and a summarized list of policyholder discounts are:

  • 21st Century may have discounts that include teen driver, homeowners, student driver, 55 and older, automatic seat belts, defensive driver, and theft prevention.
  • State Farm policyholders can earn discounts including defensive driving training, multiple policy, accident-free, student away at school, and multiple autos.
  • AAA discounts include anti-theft, good student, good driver, education and occupation, multi-policy, and pay-in-full.
  • Liberty Mutual may offer discounts for hybrid vehicle, newly retired, new vehicle discount, preferred payment discount, new move discount, newly married, and multi-policy.
  • Progressive offers discounts including good student, homeowner, multi-policy, continuous coverage, online signing, multi-vehicle, and online quote discount.

If you need affordable auto insurance quotes, ask each company what discounts are available to you. Some credits may not apply in your area.

How to know if you need help

When buying proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. These are some specific questions can help discover whether your personal situation will benefit from professional help.

  • Will my insurance pay for OEM parts?
  • Can I get a multi-policy discount?
  • Does my insurance cover my expensive audio equipment?
  • Why do I only qualify for high-risk insurance?
  • Is pleasure use cheaper than using my 2010 Chevy Colorado to commute?
  • Are rental cars covered under my policy?
  • Can I afford to pay high deductible claims out of pocket?
  • Is my teenager covered with friends in the car?
  • Can I make deliveries for my home business?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can help protect your family.

Car insurance coverage basics

Knowing the specifics of a car insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most car insurance policies.

UM/UIM Coverage – This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Frequently the UM/UIM limits do not exceed the liability coverage limits.

Medical costs insurance – Coverage for medical payments and/or PIP reimburse you for expenses for hospital visits, funeral costs, prosthetic devices, EMT expenses and X-ray expenses. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Collision – Collision insurance pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as colliding with another moving vehicle, crashing into a building and rolling your car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to bring the cost down.

Auto liability insurance – Liability insurance can cover damage or injury you incur to other people or property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see 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 like structural damage, emergency aid, repair costs for stationary objects, court costs and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from getting keyed, damage from a tornado or hurricane, damage from flooding and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Make a quick buck

Some insurance coverage companies may not have rate quotes online and these smaller providers work with independent agents. Cheap 2010 Chevy Colorado insurance can be sourced on the web and from local insurance agents, so you should be comparing quotes from both to have the best selection.

While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. In many instances, drivers have reduced full coverage only to find out that the few dollars in savings costed them thousands. The ultimate goal is to get the best coverage possible at the best price, but do not skimp to save money.

More detailed insurance coverage information is located in these articles: