Find Cheaper Chevy Cobalt Insurance in Denver

Would you like an easy way to compare lower-priced Chevy Cobalt insurance in Denver? Trying to come up with a payment for pricey car insurance can dry up your funds and force you to make sacrifices. Doing a rate comparison can save money and help to ensure you are getting the best deal.

Sad but true, most Colorado car insurance customers kept their coverage with the same car insurance company for well over three years, and virtually 40% of consumers have never compared quotes from other companies. With the average car insurance premium being $1,847, American drivers could save nearly $859 a year by just comparing rate quotes, but they underestimate the large savings they would see if they moved their coverage to a different company. Due to the abundance of online and local companies to choose from, it is very difficult to locate the lowest price insurance company.

Locating the best insurance company for you in Denver is much easier if you know where to start. If you have coverage now or just want a better rate, you can learn to save money without sacrificing coverage. Drivers only need to know the proper methods to get comparison rates on the web.

Companies offering competitive Chevy Cobalt rates in Denver, CO

The companies shown below have been selected to offer free rate quotes in Colorado. If multiple providers are shown, it’s a good idea that you get rates from several of them in order to get a fair rate comparison.

Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Premium costs do not factor in specific location information which can influence prices substantially.

Physical damage deductibles

When shopping for car insurance, a common question is at what level do you set your deductibles. The tables below show the costs and benefits of buying low and high physical damage deductibles. The first data table uses a $100 deductible and the second pricing table uses a $500 deductible.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, safe-driver, and claim-free. Rate information does not factor in garaging location in Denver which can impact premiums considerably.

We can estimate from the data above that using a $100 deductible costs an average of $28 more each month or $336 each year than quoting the higher $500 deductible. Due to the fact that you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally go at least 14 months between claims, you would save more money going with the higher deductible.

How much more does full coverage cost in Denver?

The diagram below examines Chevrolet Cobalt insurance costs with full coverage and liability only. The information is based on no claims or driving violations, $100 deductibles, single male driver, and no discounts are applied.

When to drop full coverage

There is no clear-cut formula that is best for determining when to drop comp and collision coverage, but there is a general convention. If the annual cost of coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Chevrolet Cobalt replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your policy deductible. If you are currently paying more than $200 annually for full coverage, then it could be time to drop full coverage.

There are a few cases where only buying liability is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Chevy Cobalt Insurance Price Factors

One of the most helpful ways to save on auto insurance is to to have a grasp of the different types of things that aid in calculating the level of your policy premiums. When you know what positively or negatively influences your rates, this allows you to make good choices that can earn you better auto insurance rates.

Protect yourself with liability insurance – A critical coverage on your policy, liability insurance will protect you in the event that a court rules you are at fault for physical damage or personal injury to other. Your liability coverage provides legal defense starting from day one. Liability is cheap compared to comp and collision, so insureds should have plenty of protection for their assets.

Urban residents pay more – Residing in a rural area is a good thing when talking about auto insurance. Fewer drivers translates into fewer accidents and lower theft and vandalism rates. Urban drivers regularly have congested traffic and longer commutes to work. The longer drive time means more chance of being in an accident.

Bundle and save – Many auto insurance companies allow better rates to policyholders that purchase more than one policy. It’s known as a multi-policy discount. Discounts can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to compare Chevy Cobalt rates in Denver to make sure you are getting the best deal. Consumers may find lower rates by buying auto insurance from a different company.

Drive lots and pay more – Driving a lot of miles each year the more you will pay for auto insurance. Most insurance companies charge to insure your cars based on their usage. Cars that are left in the garage get more affordable rates than vehicles that are driven to work every day. It’s a smart idea to ensure your vehicle rating shows annual mileage. A policy that improperly rates your Cobalt may be wasting your money.

Responsible drivers pay the best prices – How you drive can have a huge impact on auto insurance premiums. Good drivers receive lower rates as compared to careless drivers. Getting just one speeding ticket could increase your next policy renewal twenty percent or more. Drivers who have received severe violations such as DUI, reckless driving or excessive speeding are required to submit a SR-22 form with their state’s licensing department in order to prevent a license revocation.

Youthful drivers pay high premiums – More mature drivers tend to be more responsible, cause fewer claims and accidents, and usually have better credit.Youthful drivers are statistically shown to be inattentive and easily distracted with other occupants in the car therefore auto insurance rates are much higher.

Credit score impacts premium prices – Your credit history is likely to be a major factor in determining what you pay for auto insurance. People that have high credit scores tend to be more responsible as compared to drivers with poor credit scores. If your credit is low, you may save money insuring your Chevrolet Cobalt by improving your rating.

Auto insurance discounts help lower rates for Chevy Cobalt insurance in Denver

Car insurance companies don’t always list all possible discounts in an easy-to-find place, so we researched a few of the more well known and also the more inconspicuous auto insurance savings.

• Student in College – Children who attend college more than 100 miles from Denver and leave their car at home can receive lower rates.
• Safety Course Discount – Participating in a course that instructs on driving safety could cut 5% off your bill and easily recoup the cost of the course.
• Employee of Federal Government – Active or former government employment may reduce rates when you quote Denver car insurance with some auto insurance companies.
• Multi-policy Discount – If you have multiple policies and insure them with the same company they may give you a discount of at least 10% off all policies.
• Discount for Life Insurance – Some auto insurance companies give a discounted auto insurance rate on car insurance if you buy life insurance.
• Multiple Vehicles – Buying a policy with all your vehicles with one company may reduce the rate for each vehicle.
• E-sign – Certain auto insurance companies provide a small discount simply for signing online.
• Cautious Driver Discount – Drivers who avoid accidents may save up to 50% more compared to accident prone drivers.

You should keep in mind that most of the big mark downs will not be given to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, company stockholders wouldn’t be very happy. But any discount will reduce your policy premium.

Large auto insurance companies and some of the discounts can be read below.

• State Farm offers discounts for defensive driving training, Steer Clear safe driver discount, driver’s education, good student, student away at school, and Drive Safe & Save.
• GEICO has discounts for emergency military deployment, air bags, multi-vehicle, anti-lock brakes, anti-theft, and multi-policy.
• SAFECO may offer discounts for teen safety rewards, accident prevention training, teen safe driver, homeowner, and safe driver.
• Farmers Insurance policyholders can earn discounts including distant student, alternative fuel, pay in full, teen driver, and early shopping.
• AAA includes discounts for education and occupation, pay-in-full, good student, multi-policy, good driver, and multi-car.
• USAA has savings for driver training, good student, military installation, multi-vehicle, and vehicle storage.

When quoting, ask every company which discounts can lower your rates. All car insurance discounts may not apply in Denver.

When to have guidance from an insurance agency

A small number of people would prefer to get professional advice from a licensed agent and doing that can be a smart decision Professional insurance agents can help determine the best coverages and help you file claims. A nice benefit of comparing rates online is that drivers can save money and get cheaper premium rates and still choose a local agent.

Upon completion of this form (opens in new window), the coverage information is transmitted to agents in your area that can give you free Denver car insurance quotes for your coverage. You won’t even need to drive around because quoted prices will be sent to you directly. If you want to get a price quote from a particular provider, you would need to search and find their rate quote page and fill out their quote form.

Finding the right company requires more thought than just a cheap price quote. These are valid questions to ask:

• Is the coverage adequate for your vehicle?
• Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
• Can you use your own choice of collision repair facility?
• What is the agency’s Better Business Bureau rating?
• How long have they worked with personal auto insurance coverage?
• Do they get extra compensation for selling add-on coverages?
• Does the agent help file claims?

Pick the best car insurance agent in Denver for you

If you’re trying to find a good Denver insurance agent, it’s helpful to know the types of agencies and how they are slightly different. Car insurance agencies can either be independent or exclusive. Either can insure your vehicles, but it’s worth learning why they differ since it can impact the selection process.

Exclusive Car Insurance Agents

Agents that choose to be exclusive can only provide pricing for a single company like AAA, Allstate, and State Farm. Exclusive agencies are unable to compare other company’s rates so keep that in mind. They receive extensive training on the products they sell and that enables them to sell even at higher rates.

Listed below is a short list of exclusive agents in Denver that are able to give price quotes.

View more Denver agents

Independent Insurance Agents

Agents of this type are not restricted to one company so they have the ability to put coverage with a variety of different insurance companies and help determine which has the cheapest rates. If premiums increase, they can switch companies in-house and the insured can keep the same agent. If you need cheaper car insurance rates, we highly recommend that you include price quotes from several independent agencies to have the best price comparison.

The following is a short list of independent insurance agents in Denver that can give you comparison quotes.

View more Denver agents

Persistence will pay off

Throughout this article, we presented some good ideas how you can get a better price on Chevy Cobalt insurance in Denver. The most important thing to understand is the more quotes you get, the more likely it is that you will get a better rate. Consumers could even find that the lowest priced car insurance comes from a lesser-known regional company. Smaller companies may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate and Progressive.

The cheapest Chevy Cobalt insurance in Denver is definitely available on the web in addition to local insurance agencies, so get free Denver car insurance quotes from both of them to have the best rate selection. Some car insurance companies do not offer online price quotes and most of the time these smaller providers prefer to sell through local independent agencies.

As you prepare to switch companies, make sure you don’t reduce coverage to reduce premium. There have been many cases where an accident victim reduced physical damage coverage and found out when filing a claim that the savings was not a smart move. Your strategy should be to find the BEST coverage at the best possible price while not skimping on critical coverages.

More tips and info about car insurance is located by following these links:

• Property Damage Coverage (Liberty Mutual)
• Who Has the Cheapest Auto Insurance for Homeowners in Denver? (FAQ)
• Who Has Affordable Auto Insurance for a Jeep Grand Cherokee in Denver? (FAQ)
• Who Has Cheap Denver Car Insurance Quotes for Used Cars? (FAQ)
• Who Has the Cheapest Denver Auto Insurance for Drivers Over Age 70? (FAQ)
• What Insurance is Cheapest for a Honda CR-V in Denver? (FAQ)
• All About Airbag Safety (State Farm)
• Tools for Teen Driving Safety (State Farm)
• Safety Features for Your New Car (State Farm)
• Insurance Losses by Make and Model (iihs.org)