Save on 2006 Chevrolet Cobalt Insurance Quotes

Want lower insurance rates for your Chevrolet Cobalt? Feel like you’re a prisoner to overpriced insurance? Trust us, you’re not the only one. Drivers have so many auto insurance companies to choose from, and although it’s nice to be able to choose, having more insurers makes it harder to find the lowest cost provider.

The purpose of this article is to help you learn how to effectively get price quotes and some tricks to saving. If you currently have car insurance, you stand a good chance to be able to save some money using this information. Drivers only need to know the proper methods to buy insurance coverage online.

Compare Quotes for Insurance

There are a lot of ways to compare insurance quotes, but some are more efficient than others. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you can utilize the internet to get rate comparisons in just a few minutes.

Most of the best insurance companies participate in a marketplace where insurance shoppers submit one quote, and at least one company then gives them pricing based on that data. This system prevents you from having to do repetitive form submissions for each company. To find out how much you can save on insurance click here to start a free quote.

The only downside to using this type of system is you are unable to specify the providers you want to price. So if you want to select specific insurance companies to compare, we have assembled a list of insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just make darn sure you compare the exact same coverage information for each price quote. If the quotes have differing limits you can’t possibly determine the best price for your Chevy Cobalt.

Take discounts and save

Car insurance can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but some must be requested specifically prior to getting the savings. If you aren’t receiving every discount you deserve, you are paying more than you should be.

  • Fewer Miles Equal More Savings – Driving fewer miles can earn a substantially lower rate.
  • Multi-policy Discount – When you combine your home and auto insurance with the same company you could get a discount of up to 20% off your total premium.
  • More Vehicles More Savings – Having multiple cars or trucks with the same company qualifies for this discount.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles can avoid accidents and earn discounts up to 10%.
  • Clubs and Organizations – Participating in a qualifying organization may earn a discount on your policy on Cobalt insurance.
  • Drivers Ed for Students – Require your teen driver to enroll in driver’s education in high school.
  • Safe Driver Discount – Safe drivers can pay as much as 50% less on Cobalt insurance than drivers with accident claims.

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Most only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like adding up those discounts means a free policy, you’re out of luck. But all discounts will help reduce the amount you have to pay.

For a list of providers with the best insurance discounts, follow this link.

Which policy gives me the best coverage?

When it comes to buying coverage, there really is not a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions might help in determining whether your personal situation may require specific advice.

  • Can I afford to pay high deductible claims out of pocket?
  • What if I owe more than I can insure my car for?
  • Does medical payments coverage apply to all occupants?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • Is a new car covered when I drive it off the dealer lot?
  • What is an SR-22 filing?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, 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.

Parts of the Chevy Cobalt rate equation

Consumers need to have an understanding of the different types of things that come into play when calculating insurance rates. Understanding what influences your rates allows you to make educated decisions that could result in big savings.

The list below includes some of the items companies use to determine premiums.

  • Do you know you’re credit rating? – Your credit score is a important factor in determining your rates. Drivers who have high credit ratings tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. If your credit score is low, you could save money insuring your 2006 Chevrolet Cobalt by improving your rating.
  • Where do you drive? – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. Almost all companies rate vehicles determined by how the vehicle is used. Autos left parked in the garage can get a lower rate compared to those used for work or business. Make sure your insurance declarations sheet properly reflects the correct usage for each vehicle, because it can save money. Incorrect usage on your Cobalt may be wasting your money.
  • Traffic violations increase rates – A bad driving record has a lot to do with how much you pay for insurance. Drivers who don’t get tickets have lower premiums than bad drivers. Just one speeding ticket can bump up the cost by twenty percent. If you have serious violations such as DUI or reckless driving may find they need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
  • Multiple policies with one company can save – Many insurers give discounts to policyholders who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even with this discount, it’s in your best interest to compare other company rates to confirm you are receiving the best rates possible. You may still find better rates by splitting coverages up.
  • Never go without insurance – Driving your car without having proper coverage is a misdemeanor and you will pay a penalty because you let your insurance lapse. Not only will rates go up, but being ticketed for driving with no insurance may earn you a steep fine or even jail time.
  • Your occupation can affect rates – Did you know that where you work can have an impact on rates? Occupations such as lawyers, social workers and accountants are shown to have higher rates than average because of high stress and long work hours. On the flip side, occupations like pilots, athletes and performers pay the least on Cobalt insurance.
  • Women pay lower rates – The statistics show women are more cautious behind the wheel. However, don’t assume that women are BETTER drivers than men. Both sexes are in accidents at a similar rate, but the men cause more damage and cost insurance companies more money. Men also statistically get cited for more serious violations such as reckless driving.
  • Where you live – Being located in small towns and rural areas can be a good thing when buying insurance. Urban drivers regularly have much more traffic and longer commute times. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft.

Specific coverages for a Chevy Cobalt

Knowing the specifics of your auto insurance policy can be of help when determining the best coverages for your vehicles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages offered by auto insurance companies.

Collision protection

Collision insurance will pay to fix damage to your Cobalt caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things like colliding with another moving vehicle, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims like hitting a deer, damage from a tornado or hurricane, fire damage, rock chips in glass and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Liability auto insurance

Liability coverage will cover damage or injury you incur to other’s property or people in an accident. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like structural damage, legal defense fees and loss of income. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Protection from uninsured/underinsured drivers

This coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Chevy Cobalt.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.

Medical expense insurance

Coverage for medical payments and/or PIP kick in for short-term medical expenses such as X-ray expenses, EMT expenses, doctor visits, dental work and surgery. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states and may carry a deductible

Compare but don’t skimp

Cheap 2006 Chevy Cobalt insurance can be sourced both online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance coverage companies do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

We covered a lot of ways to shop for insurance online. The key concept to understand is the more price quotes you have, the higher your chance of finding lower rates. Consumers may even find the best price on insurance coverage is with a small local company. Some small companies often have lower prices on specific markets as compared to the big name companies such as Progressive or Geico.

When shopping online for insurance coverage, you should never buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped full coverage only to find out that they should have had better coverage. Your aim should be to purchase a proper amount of coverage at an affordable rate, not the least amount of coverage.

Additional detailed information can be found by following these links: