Lower Your 2016 Chevrolet Colorado Insurance Rates

Trying to find cheaper car insurance rates for your Chevrolet Colorado? Nobody that owns a car looks forward to paying premiums for car insurance, especially when they know they are paying too much. Big companies like State Farm, Allstate, GEICO and Progressive promote their brand names with ad campaigns and it can be hard to ignore the propoganda and take the time to shop coverage around.

If you have a current car insurance policy or are just looking to switch companies, you can follow these tips to find the best rates and still get good coverage. Buying car insurance is not that difficult. Vehicle owners only need an understanding of the proper way to compare price quotes online.

Cheap insurance quotes with discounts

Some insurers don’t always publicize all available discounts in an easy-to-find place, so the following is a list of some of the more common as well as the least known discounts you could be receiving when you buy car insurance online.

  • Claim Free – Good drivers with no accidents pay much less in comparison with frequent claim filers.
  • Passive Restraints and Air Bags – Options like air bags or automatic seat belts can receive discounts as much as 30%.
  • Switch and Save Discount – A few larger companies give discounts for switching to them before your current expiration date. You may see this discount when you get car insurance quotes online.
  • Defensive Driving Course – Successfully completing a defensive driver class may get you a small discount and also improve your driving technique.
  • Organization Discounts – Being a member of a qualifying organization may earn a discount on your next renewal.
  • Own a Home – Owning your own home or condo can earn you a little savings since home ownership demonstrates responsibility.
  • Drive Less and Save – Low mileage vehicles could qualify for discounted prices on garaged vehicles.
  • Anti-theft System – Anti-theft and alarm system equipped vehicles are stolen with less frequency and can earn a small discount on your policy.

Just know that some of the credits will not apply to all coverage premiums. Most only cut specific coverage prices like collision or personal injury protection. Just because you may think you could get a free insurance policy, you aren’t that lucky. But all discounts will cut your policy premiums.

To see companies that provide some of the discounts listed above, follow this link.

Quote Chevy Colorado insurance for less

Lots of factors are used when quoting car insurance. A few of the factors are predictable like your driving record, but other factors are more obscure like where you live or your financial responsibility.

  • Premiums are affected by your credit history – Having a bad credit score can be an important factor in determining premium rates. Therefore, if your credit history is lower than you’d like, you could be paying less to insure your 2016 Chevrolet Colorado if you improve your credit rating. Insureds that have very high credit ratings tend to file fewer claims and have better driving records than those with lower credit scores.
  • Save money with alarm systems – Selecting a car model with a theft deterrent system can earn a premium discount. Systems that thwart theives like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent car theft and help bring rates down.
  • Your address can influence price – Being located in smaller towns and rural areas of the country may provide you with better prices when it comes to insurance. Less people means fewer accidents and also fewer theft and vandalism claims. Urban drivers have congested traffic and more time behind the wheel. Longer commute distances means more chance of being in an accident.
  • Are men or women drivers cheaper? – Statistics show females are less aggressive when driving. That doesn’t necessarily mean that males are worse at driving than females. Women and men are responsible for auto accidents in similar numbers, but the male of the species get into accidents with more damage. They also get cited for more serious violations like driving under the influence (DUI).
  • High deductibles cost less – The deductibles define how much you are required to spend before your insurance pays a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. Some examples of covered claims are a windshield broken by a bird, vandalism, or theft of your vehicle. The larger the amount the insured has to pay upfront, the lower your rates will be for Colorado coverage.

Tailor your insurance coverage to you

When choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that might help in determining whether or not you will benefit from professional help.

  • At what point should I drop full coverage?
  • Am I covered when driving in Canada or Mexico?
  • Can I rate high risk drivers on liability-only vehicles?
  • Am I covered if my car is in a flood?
  • What discounts do I qualify for?
  • What if I total my 2016 Chevy Colorado and owe more than it’s worth?
  • Am I covered if I hit my neighbor’s mailbox?
  • Do I need PIP coverage since I have good health insurance?

If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.

Insurance advertising gotchas

Consumers can’t get away from all the ads that claim the best prices from the likes of State Farm, GEICO and Progressive. All the ads make the same claim that you’ll save big after switching your policy.

Is it even possible that every company can cost less than your current company?

Companies have specific characteristics for the type of customer that is profitable for them. For example, a desirable insured might have to be a married male, has no driving citations, and has great credit. A customer who fits those characteristics gets the lowest premium rates and will most likely cut their rates if they switch.

Drivers who do not match the ideal profile must pay a higher rate and this results in the driver buying from a lower-cost company. The ad wording is “customers who switch” not “all people who quote” save the amount stated. That’s why insurance companies can confidently make the claims of big savings. Because of these techniques, it is so important to get a wide range of price quotes. It’s not possible to predict which company will have the lowest rates.

Insurance coverage breakdown

Understanding the coverages of your insurance policy can be of help when determining the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages offered by insurance companies.

Comprehensive or Other Than Collision – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for claims such as damage from getting keyed, falling objects and hail damage. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto liability insurance – Liability insurance provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.

Liability insurance covers claims like legal defense fees, medical expenses, pain and suffering, emergency aid and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.

Collision – This will pay to fix damage to your Colorado resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things like damaging your car on a curb, scraping a guard rail, backing into a parked car, sustaining damage from a pot hole and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

UM/UIM Coverage – This protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your Chevy Colorado.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.

Medical costs insurance – Med pay and PIP coverage reimburse you for bills such as hospital visits, pain medications, funeral costs, rehabilitation expenses and nursing services. They are utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Coverage on a shoestring budget

You just learned quite a bit of information on how to shop for 2016 Chevy Colorado insurance online. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the best price on insurance is with a lesser-known regional company. These companies may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.

When getting car insurance quotes online, don’t be tempted to buy less coverage just to save a little money. In many instances, consumers will sacrifice uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy enough coverage at the best possible price and still be able to protect your assets.

Budget-friendly insurance is attainable both online in addition to many insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some companies do not offer online quoting and these smaller companies provide coverage only through independent insurance agencies.

To learn more, feel free to visit these articles: