2004 Chevrolet Colorado Car Insurance Rates

Want cheaper auto insurance rates for your Chevrolet Colorado? Nobody likes having to buy auto insurance, in particular when the cost is way too high. Drivers have so many insurers to insure vehicles with, and even though it’s nice to have a selection, having more car insurance companies makes it harder to compare rates and find the lowest cost auto insurance.

Insurance Comparisons

Performing a rate comparison can take hours if you don’t utilize the fastest way to get free quotes. You can spend countless hours talking about coverages with insurance companies in your area, or you can stay home and use online quoting for quick rates.

Most of the best insurance companies participate in a marketplace where prospective buyers submit their information once, and every company provides a quote determined by their information. This prevents consumers from doing quote requests for each company you want a rate for.

To find out how much you can save on insurance click here (opens in new window).

The single downside to getting quotes like this is you can’t choose which carriers to receive prices from. So if you want to select specific insurance companies to compare prices, we have a listing of the cheapest insurance companies in your area. Click here for list of insurance companies.

Whichever method you choose, make sure you use exactly the same coverage information with every price quote. If you compare differing limits you will not be able to make an equal comparison.

Discounts are available to cut your rates

Companies don’t necessarily list every discount in a way that’s easy to find, so we break down both the well known as well as the least known savings tricks you should be using. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Drivers Education – Cut your cost by having your teen driver enroll in driver’s education in school.
  • Bundle and Save – When you combine your home and auto insurance with the same insurance company you will save at least 10% off all policies.
  • Pay Now and Pay Less – If paying your policy premium upfront rather than paying monthly you could save 5% or more.
  • Paperless Signup – Some insurance companies may give you up to $50 for buying a policy and signing up digitally online.
  • Homeowners Discount – Being a homeowner may trigger a auto insurance policy discount because owning a home shows financial diligence.

Consumers should know that some credits don’t apply to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. Just because it seems like all those discounts means the company will pay you, auto insurance companies aren’t that generous.

A partial list of companies who might offer these discounts may include but are not limited to:

Before buying, ask all companies you are considering which discounts you may be entitled to. Discounts might not be offered everywhere.

Everyone needs different coverages

When choosing coverage, there really is no “best” method to buy coverage. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can aid in determining if your insurance needs would benefit from professional advice.

  • Can I afford low physical damage deductibles?
  • Is my trailer covered?
  • What is covered by UM/UIM coverage?
  • Does my policy pay for OEM or aftermarket parts?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Should I have combined single limit or split liability limits?
  • Am I covered if I break a side mirror?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Chevy Colorado insurance rates are influenced by…

It’s important that you understand some of the elements that help determine insurance rates. Having a good understanding of what determines base rates enables informed choices that could result in better insurance rates.

  • Special features that cut premiums – Driving a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.
  • Your job and insurance rates – Occupations like real estate brokers, architects and financial analysts have higher average rates due to job stress and lengthy work days. Conversely, occupations like scientists, engineers and the unemployed get better rates for Colorado coverage.
  • With age comes lower rates – Older insureds tend to be more responsible, tend to cause fewer accidents and receive fewer citations. Teenage drivers are known to be more careless when behind the wheel therefore insurance rates are much higher.
  • Discounts for multiple policies – The majority of insurers give discounts to customers who buy several policies from them, otherwise known as a multi-policy discount. Even if you’re getting this discount it’s in your best interest to compare other company rates to make sure you are getting the best deal.
  • Being married can save on insurance – Having a wife or husband can get you a discount on insurance. Marriage means you’re more mature and responsible and it’s statistically proven that being married results in fewer claims.
  • Credit scores impact insurance rates – Your credit history is a huge factor in your rate calculation. If your credit history is not that good, you could potentially save money when insuring your 2004 Chevrolet Colorado by spending a little time repairing your credit. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers with lower credit scores.
  • Increase deductibles and save – The deductibles define the amount you are willing to pay if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, insures against damage to your car. Some instances where coverage would apply are running into the backend of another car, collision with an animal, and windstorm damage. The higher the amount you are required to pay out-of-pocket, the bigger discount you will receive for Colorado coverage.
  • Too many insurance claims drive up costs – Car insurance companies generally give better rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can pretty much guarantee higher rates. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.

Auto insurance coverage considerations

Knowing the specifics of a auto insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages offered by auto insurance companies.

Coverage for medical payments

Coverage for medical payments and/or PIP provide coverage for immediate expenses such as funeral costs, pain medications, dental work, ambulance fees and nursing services. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available and may carry a deductible

Comprehensive coverages

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things such as falling objects, fire damage and a broken windshield. The maximum payout a auto insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Liability coverage

Liability coverage will cover damages or injuries you inflict on people or other property. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.

Liability insurance covers things such as funeral expenses, attorney fees, pain and suffering, emergency aid and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.

Uninsured and underinsured coverage

Your UM/UIM 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 and also any damage incurred to your Chevy Colorado.

Because many people 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 important protection for you and your family.

Coverage for collisions

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

Collision coverage protects against things such as rolling your car, hitting a mailbox, damaging your car on a curb, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Never pay more for less

When you buy insurance online, it’s a bad idea to buy less coverage just to save a little money. There are many occasions where consumers will sacrifice full coverage only to find out that it was a big error on their part. Your aim should be to find the BEST coverage for the lowest price while not skimping on critical coverages.

Discount 2004 Chevy Colorado insurance can be purchased both online and also from your neighborhood agents, and you need to price shop both so you have a total pricing picture. Some companies may not provide online price quotes and these regional insurance providers work with independent agents.

We covered some good ideas how to save on insurance. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. You may even discover the lowest priced insurance comes from an unexpected company. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate or State Farm.

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