2010 Chevrolet Cobalt Car Insurance Rates – 6 Policy Discounts

Expensive insurance coverage can dwindle your checking account and force you to prioritize other expenses. Doing a price comparison is a great way to reduce premiums and put more money in your pocket. Many insurers vie for your insurance dollar, so it’s not easy to compare every insurance company to find the absolute lowest rate possible.

Best discounts on Chevy Cobalt coverage

Companies that sell car insurance do not advertise all available discounts very clearly, so we researched some of the more common and also the lesser-known insurance savings. If you’re not getting every credit you qualify for, you are paying more than you should be.

  • Early Signing – Select companies give a discount for buying a policy before your current policy expires. This can save 10% or more.
  • Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% less for Cobalt coverage than their less cautious counterparts.
  • Service Members Pay Less – Being on active duty in the military can result in better rates.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if it’s offered in school.
  • Good Students Pay Less – Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
  • Accident Forgiveness – A few companies will forgive one accident before raising your premiums if your claims history is clear for a certain period of time.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comprehensive or collision. So when it seems like all the discounts add up to a free policy, insurance companies aren’t that generous.

A partial list of companies who might offer these benefits include:

Before buying, ask every prospective company how you can save money. Savings might not be offered in your area.

Tailor your coverage to you

When buying coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For example, these questions may help you determine if your insurance needs may require specific advice.

  • Do I need more liability coverage?
  • When can my company non-renew my policy?
  • How much liability insurance is required?
  • What is an SR-22 filing?
  • Am I covered if my car is in a flood?
  • I don’t drive much so do I pay less?
  • What if I total my 2010 Chevy Cobalt and owe more than it’s worth?
  • Which companies will insure high-risk drivers?
  • Do I need special endorsements for business use of my vehicle?
  • Will my vehicle be repaired with OEM or aftermarket parts?

If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and may give you better protection.

Specific coverages for a 2010 Chevy Cobalt

Learning about specific coverages of your insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages offered by insurance companies.

UM/UIM Coverage – Your UM/UIM coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from flooding, damage from getting keyed, falling objects and damage from a tornado or hurricane. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability coverage – Liability insurance can cover injuries or damage you cause to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability coverage protects against claims such as structural damage, pain and suffering, court costs and repair costs for stationary objects. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Collision – This coverage covers damage to your Cobalt caused by collision with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as sideswiping another vehicle, backing into a parked car, hitting a parking meter and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as prosthetic devices, chiropractic care, pain medications and hospital visits. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers you and your occupants and also covers being hit by a car walking across the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Be a smart shopper

We just showed you some good ideas how to get a better price on 2010 Chevy Cobalt insurance. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers may even find the lowest rates come from an unexpected company. They can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.

As you prepare to switch companies, it’s very important that you do not buy less coverage just to save a little money. There are many occasions where consumers will sacrifice uninsured motorist or liability limits only to regret that it was a big mistake. Your aim should be to get the best coverage possible at an affordable rate while still protecting your assets.

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