How Much Does 2016 Chevrolet Colorado Insurance Cost?

Trying to find lower insurance coverage rates? Buyers have many options when searching for low-cost Chevy Colorado insurance. You can either spend your time calling around trying to get quotes or utilize the internet to make rate comparisons.

There are both good and bad ways to shop for insurance coverage so we’re going to tell you the proper way to compare rates for a new or used Chevy and obtain the lowest possible price either online or from local insurance agents.

It’s a good habit to do rate comparisons on a regular basis since prices change frequently. Even if you got the lowest price on Colorado insurance at your last renewal you will most likely find a better rate today. Forget all the misinformation about insurance coverage because you’re about to learn the tricks you need to know to lower your rates without sacrificing coverage.

How to shop auto insurance online

Most larger insurance companies allow consumers to get insurance quotes on their websites. Doing online quotes is fairly simple as all you need to do is type in the amount of coverage you want as detailed in the form. Upon sending the form, their rating system obtains your driving record and credit report and returns pricing information based on these and other factors.

This simplifies rate comparisons, but the time it takes to visit multiple sites and type in the same data is a big time waster. But it’s necessary to get many rate quotes in order to get the lowest price.

The quickest way to find better auto insurance pricing uses one simple form that gets prices from several different companies. It’s a real time-saver, requires much less work on your part, and makes online quotes much more efficient. After sending the form, it is rated and you can select any one of the quotes returned.

If the quotes result in lower rates, you can click and sign and purchase the new policy. The entire process takes less than 15 minutes and can result in significant savings.

To quickly find out how much you can save on auto insurance, click here to open in new window and submit the form. If you have a policy now, it’s recommended you input the insurance coverages identical to your current policy. This makes sure you will have an apples-to-apples comparison using the exact same coverages.

Drivers can save with these discounts

Auto insurance is not an enjoyable expense, but you can get discounts that you may not even be aware of. Many of these discounts will be applied automatically at the time of purchase, but some must be manually applied prior to receiving the credit. If you’re not getting every credit available, you’re just leaving money on the table.

  • Defensive Driving Course – Completing a course in defensive driving could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Low Mileage – Fewer annual miles on your Chevy could be rewarded with slightly better prices than normal.
  • Multi-Vehicle Discounts – Buying coverage for multiple cars with the same company can get a discount for every vehicle.
  • Passive Restraints and Air Bags – Cars that have air bags or automatic seat belts can qualify for discounts as much as 30%.
  • Resident Student – Children who live away from home to go to college and do not have access to a covered vehicle could qualify for this discount.
  • Data Collection Discounts – Drivers who agree to allow their insurance company to study where and when they drive by using a telematic data system such as Snapshot from Progressive or Drivewise from Allstate may see discounts as long as the data is positive.

Consumers should know that some of the credits will not apply the the whole policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like you can get free auto insurance, you won’t be that lucky.

Larger auto insurance companies and their possible discounts are:

  • Farm Bureau has savings for 55 and retired, multi-vehicle, renewal discount, safe driver, and youthful driver.
  • State Farm offers discounts for multiple policy, defensive driving training, good student, driver’s education, and passive restraint.
  • Progressive offers premium reductions for online signing, online quote discount, multi-vehicle, multi-policy, good student, and continuous coverage.
  • Allstate has discounts for FullPay discount, good payer, new car, early signing, and anti-lock brakes.
  • Nationwide discounts include defensive driving, good student, Farm Bureau membership, anti-theft, accident-free, easy pay, and multi-policy.
  • MetLife may offer discounts for good driver, defensive driver, good student, claim-free, multi-policy, and accident-free.

Check with every insurance company what discounts are available to you. Some credits might not apply in your area. To view auto insurance companies offering auto insurance discounts, follow this link.

Special considerations

When it comes to buying proper insurance coverage, there is no one size fits all plan. Each situation is unique.

For instance, these questions may help highlight whether or not you might need professional guidance.

  • I have health insurance so do I need medical payments coverage?
  • Do I need motorclub coverage?
  • When does my teenage driver need to be added to my policy?
  • Does liability extend to a camper or trailer?
  • I have a DUI can I still get coverage?
  • What is roadside assistance coverage?
  • Does medical payments coverage apply to all occupants?
  • Should I have a commercial auto policy?
  • Is my 2016 Chevy Colorado covered for flood damage?

If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form. It’s fast, doesn’t cost anything and may give you better protection.

Detailed coverages of your insurance policy

Knowing the specifics of a insurance policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured or underinsured coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally the UM/UIM limits do not exceed the liability coverage limits.

Comprehensive protection

This covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as a broken windshield, damage from a tornado or hurricane, rock chips in glass and hitting a bird. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense coverage

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like prosthetic devices, surgery, X-ray expenses and funeral costs. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Liability insurance

Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage pays for things like court costs, medical expenses, medical services and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.

Auto collision coverage

Collision coverage covers damage to your Colorado from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like hitting a parking meter, scraping a guard rail, sustaining damage from a pot hole, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.

One last thing about your coverage

Budget-friendly auto insurance is possible online and from local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some companies do not offer rates over the internet and most of the time these regional carriers sell through independent agencies.

Consumers switch companies for many reasons like high prices, being labeled a high risk driver, policy cancellation or lack of trust in their agent. It doesn’t matter what your reason, switching companies can be easy and end up saving you some money.

When shopping online for auto insurance, make sure you don’t reduce needed coverages to save money. There have been many situations where someone dropped uninsured motorist or liability limits and discovered at claim time they didn’t have enough coverage. Your objective should be to purchase plenty of coverage at the best cost, not the least amount of coverage.

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