How Much Does 2015 Chevrolet Colorado Insurance Cost?

Want the cheapest insurance coverage rates for your Chevrolet Colorado? Trying to find the cheapest insurance for a new or used Chevy Colorado can normally be a painful process, but you can use a few tricks and make it easy. There is a better way to find insurance coverage online and you need to know the best way to price shop coverage for a new or used Chevy and locate the cheapest rates from local insurance agents and online providers.

It’s a good idea to quote other rates at least once a year since insurance prices fluctuate regularly. Just because you had the lowest rates for Colorado coverage a year ago you may be paying too much now. Forget anything you know (or think you know) about insurance coverage because we’re going to demonstrate the best way to get good coverage at a lower rate.

More discounts mean lower-cost premiums

Auto insurance is expensive, but you may find discounts that could drop your premiums quite a bit. Certain discounts will be applied at the time you complete a quote, but some need to be requested specifically in order for you to get them.

  • Sign Early and Save – Some insurance companies provide a discount for switching companies prior to your current policy expiration. It can save you around 10%.
  • New Car Discount – Putting insurance coverage on a new car may earn a small discount compared to insuring an older model.
  • No Claims – Good drivers with no accidents are rewarded with significantly better rates on insurance coverage quote as opposed to insureds who have frequent claims or accidents.
  • Multi-policy Discount – If you combine your homeowners and auto policies with the same company you could save 10% to 20% off each policy.
  • Government Employee Discount – Simply working for the federal government could provide a small rate reduction for Colorado coverage depending on your company.
  • Braking Control Discount – Cars that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Drivers Education – Make teen driver coverage more affordable by requiring them to participate in a local driver’s education class in high school.
  • Onboard Data Collection – Insureds who allow their insurance company to track driving patterns by installing a telematics device such as State Farm’s In-Drive could save a few bucks if they exhibit good driving behavior.

Please keep in mind that most discount credits are not given to the entire policy premium. Most only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like all the discounts add up to a free policy, it just doesn’t work that way. But all discounts will cut your auto insurance premiums.

A list of companies and some of the discounts are shown below.

  • GEICO includes discounts for daytime running lights, seat belt use, multi-policy, emergency military deployment, military active duty, and defensive driver.
  • Auto-Owners Insurance offers discounts for group or association, company car, paid in full, air bags, good student, mature driver, and student away at school.
  • American Family may offer discounts for mySafetyValet, accident-free, defensive driver, Steer into Savings, good student, early bird, and air bags.
  • Esurance has discounts for online shopper, good driver, multi-car, renters, anti-lock brakes, Switch & Save, and defensive driver.
  • Progressive offers premium reductions for online quote discount, online signing, continuous coverage, good student, multi-vehicle, and homeowner.
  • State Farm has savings for good driver, driver’s education, Steer Clear safe driver discount, passive restraint, and Drive Safe & Save.
  • AAA offers discounts including good driver, pay-in-full, good student, multi-policy, and AAA membership discount.

It’s a good idea to ask every insurance company to apply every possible discount. All car insurance discounts may not be offered in your state.

Get Chevy Colorado insurance cheaper

Many factors are considered when you get a price on insurance. Some are obvious such as traffic violations, although some other factors are less apparent like where you live or how financially stable you are.

  • Policy add-ons add up – Insurance companies have many optional add-on coverages that sound like a good idea at the time if you don’t pay attention. Things like vanishing deductibles, towing, and extra life insurance coverage are probably not needed. These coverages may sound good when you first buy your policy, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
  • Married drivers get better premiums – Getting married may earn you lower rates when buying auto insurance. It is viewed as being more financially stable and it’s statistically proven that drivers who are married are more cautious.
  • Tickets hurt – Whether or not you get tickets impacts premiums far more than you think. Even a single speeding ticket may increase your cost forty percent or more. Drivers who don’t get tickets have lower premiums compared to drivers with tickets. People who have multiple citations like DUI or reckless driving are required to complete a SR-22 with their state motor vehicle department in order to prevent a license revocation.
  • Can a thief steal your car? – Buying a car with an alarm system can help lower your premiums. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all help stop your vehicle from being stolen.
  • Inexpensive frequent claims are not good – If you file a lot of claims you can pretty much guarantee either a policy non-renewal or much higher rates. Auto insurance companies give the best rates to insureds who are not frequent claim filers. Auto insurance is intended to be relied upon for more catestrophic claims.
  • Good credit saves on auto insurance – Your credit history is a large factor in your rate calculation. Therefore, if your credit history is low, you could potentially save money when insuring your 2015 Chevrolet Colorado by improving your credit score. Drivers with excellent credit scores tend to file fewer claims as compared to drivers with worse credit.
  • Rural areas have lower rates – Having an address in a rural area may provide you with better prices when shopping for auto insurance. Drivers in populated areas tend to have more road rage incidents and more time behind the wheel. Fewer drivers corresponds to lower accident rates.
  • Compare rates if you bundle your policies – Most larger insurers give discounts to people who carry more than one policy. It’s known as a multi-policy discount. If you currently are using one company, it’s always a smart idea to comparison shop to confirm you are receiving the best rates possible.There is a good possibility that you can find better rates by splitting coverages up.

It’s not one size fits all

When it comes to buying proper insurance coverage, there is no cookie cutter policy. Every situation is different.

For instance, these questions may help you determine whether your personal situation will benefit from professional help.

  • How do I buy GAP insurance?
  • Why does it cost so much to insure a teen driver?
  • Do I need more liability coverage?
  • Why do I need rental car insurance?
  • Does my insurance cover my expensive audio equipment?
  • Is there coverage for injuries to my pets?
  • Do I need PIP (personal injury protection) coverage in my state?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form. It is quick, free and you can get the answers you need.

Can switching companies really save?

Consumers constantly see and hear ads for the lowest price insurance coverage by companies like Progressive, Allstate and GEICO. All the companies state the claim that people will save after switching your coverage.

How is it plausible that every one can charge less that you’re paying now? This is how they do it.

Different companies have specific guidelines for the type of driver that will add to their bottom line. A good example of this type of insured should be a married male, owns their home, and drives less than 5,000 miles a year. Anyone that fits those parameters receives the best premium rates as well as pay quite a bit less when switching companies.

Insureds who are not a match for these standards may be required to pay a higher rate which results in the driver buying from a lower-cost company. The trick companies use is to say “customers who switch” but not “everyone who gets a quote” can save as much as they claim. That is how companies can truthfully make those claims. Because every company is different, it is so important to get as many free insurance coverage quotes as possible. It is impossible to predict which insurance coverage company will provide you with the cheapest rates.

Auto insurance coverage information

Having a good grasp of insurance aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Uninsured/Underinsured Motorist coverage

Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Chevy Colorado.

Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.

Collision coverage

Collision insurance will pay to fix damage to your Colorado caused by collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, rolling your car, scraping a guard rail and colliding with another moving vehicle. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like doctor visits, ambulance fees, pain medications, chiropractic care and nursing services. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Auto liability

This coverage provides protection from damages or injuries you inflict on a person or their property. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against claims like funeral expenses, legal defense fees, structural damage and medical services. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Comprehensive coverage

Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hitting a deer, vandalism and hail damage. The maximum amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Buy Smart and Save

As you restructure your insurance plan, do not buy less coverage just to save a little money. There have been many cases where an insured dropped full coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to find the BEST coverage for the lowest price and still be able to protect your assets.

In this article, we presented some good ideas how you can save on 2015 Chevy Colorado insurance. It’s most important to understand that the more times you quote, the better likelihood of getting the cheapest insurance coverage. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising.

Low-cost 2015 Chevy Colorado insurance is definitely available from both online companies in addition to many insurance agents, so get free insurance coverage quotes from both of them so you have a total pricing picture. Some insurance companies do not offer online price quotes and many times these small insurance companies provide coverage only through local independent agencies.

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