2011 Chevrolet Colorado Insurance Rates

Do you get exhausted from sacrificing other expenses to pay car insurance each month? Your situation is no different than most other consumers. Since consumers have many insurance companies to choose from, it is very difficult to pick the lowest price car insurance provider.

It’s a good idea to take a look at other company’s rates yearly because car insurance rates are usually higher with each renewal. If you had the best premium rates on Colorado insurance a couple years back a different company probably has better prices today. Forget all the misinformation about car insurance because you’re about to find out the only way to save money, get proper deductibles and limits, all at the lowest rate.

Finding the best rates is easy if you know what you’re doing. If you are insured now or need new coverage, you can use this information to shop for the lowest rates and still get good coverage. Drivers only need to know the tricks to compare company rates on the web.

Insurance rates and discounts

Insurance can be pricey, but you may be missing some discounts to cut the cost considerably. Many of these discounts will be applied automatically when you purchase, but less common discounts must be requested specifically before you will receive the discount.

  • Anti-theft System – Cars optioned with advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
  • No Claim Discounts – Insureds who avoid accidents and claims can save substantially as compared to drivers who are more careless.
  • Payment Discounts – If you can afford to pay the entire bill instead of monthly or quarterly installments you may have a lower total premium amount.
  • Student Discounts – Excelling in school can save 20 to 25%. Most companies allow this discount until age 25.
  • Service Members Pay Less – Having an actively deployed family member may lower your rates slightly.
  • Multi-policy Discount – If you combine your auto and home policies with one company you may earn as much as 10 to 15 percent.
  • Anti-lock Brakes – Cars that have anti-lock braking systems are much safer to drive so companies give up to a 10% discount.
  • Drivers Education – It’s a good idea to have your young drivers take driver’s ed class if it’s offered in school.
  • Onboard Data Collection – Drivers who elect to allow driving data collection to look at vehicle usage through the use of a telematics system such as State Farm’s In-Drive may get a rate reduction if they are good drivers.
  • Discount for Home Ownership – Owning a house can earn you a little savings since home ownership requires a higher level of personal finance.

You can save money using discounts, but most of the big mark downs will not be given to the overall cost of the policy. Most only cut individual premiums such as physical damage coverage or medical payments. Even though it appears all those discounts means the company will pay you, you won’t be that lucky.

To see a list of insurers with discount insurance rates, click here to view.

Situations that may require an agent’s advice

When it comes to choosing coverage, there really is no best way to insure your cars. Everyone’s needs are different so your insurance should reflect that For instance, these questions can aid in determining whether your personal situation might need professional guidance.

  • Is my 2011 Chevy Colorado covered for smoke damage?
  • Am I covered if I drive in a foreign country?
  • Does my personal policy cover me when driving out-of-state?
  • How many claims can I have before being cancelled?
  • Is pleasure use cheaper than using my 2011 Chevy Colorado to commute?
  • Is my teenager covered with friends in the car?
  • Do I need rental car coverage?
  • How much liability insurance is required?
  • What is medical payments coverage?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.

Educate yourself about car insurance coverages

Learning about specific coverages of a car insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from car insurance companies.

Comprehensive coverages

This will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like hail damage, theft, a broken windshield, hitting a bird and damage from getting keyed. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Uninsured and underinsured coverage

Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Collision insurance

Collision coverage will pay to fix damage to your Colorado resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as colliding with another moving vehicle, hitting a parking meter, backing into a parked car, crashing into a ditch and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.

Liability insurance

This provides protection from damage that occurs to other’s property or people that is your fault. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability can pay for things like medical services, emergency aid, structural damage and funeral expenses. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Coverage for medical payments

Med pay and PIP coverage provide coverage for expenses for funeral costs, nursing services and dental work. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Buy Smart and Save

We just showed you quite a bit of information on how to shop for 2011 Chevy Colorado insurance online. The most important thing to understand is the more times you quote, the better chance you’ll have of finding cheap insurance. Consumers may even find the lowest prices come from some of the smallest insurance companies. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as GEICO and State Farm.

As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find for the lowest price, but do not skimp to save money.

Much more information about insurance coverage can be read at these links: