2015 Chevrolet Colorado Insurance Rates – 9 Tips for Best Quotes

Trying to find lower insurance coverage rates for your Chevrolet Colorado? Overwhelmed by the sheer number of insurance coverage company choices? Many other drivers are as well. You have so many options available that it can be a big hassle to find the perfect company for you.

It is always a good idea to compare prices every six months because prices are constantly changing. Even if you got the best rates for Colorado coverage on your last policy a different company probably has better rates today. So ignore everything you know about insurance coverage because I’m going to teach you the only way to save on insurance coverage.

The purpose of this post is to tell you how to effectively get price quotes. If you are paying for car insurance now, you should be able to reduce your rates substantially using these tips. Nevertheless, consumers can benefit by having an understanding of the methods companies use to compete online.

Compare Car Insurance Today

To find the best car insurance prices, there are several ways to compare rate quotes from different insurance companies. The best method to find the cheapest 2015 Chevy Colorado insurance rates is simply to get online rate quotes. This can be done in a couple of different ways.

  • Probably the best way to find low rates would be an industry-wide quote request form (click to open form in new window). This method eliminates the need for repetitive form submissions for each company you want a rate for. Taking the time to complete one form will get you price quotes from many national carriers. It’s the fastest way to compare.
  • A less efficient way to compare prices is going to the website for each individual company and fill out their own quote form. For examples sake, let’s assume you want to compare rates from Farmers, Progressive and State Farm. To get each rate you have to go to every website to input your insurance information, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
  • The most time-consuming method of comparing rate quotes is to spend time driving to local insurance agencies. Shopping for car insurance online has reduced the need for local agents unless you have a need for the professional guidance that only a license agent can provide. However, consumers can comparison shop online and still use a local agent and we’ll touch on that later.

It’s up to you how you get prices quotes, just double check that you are using apples-to-apples coverages for every quote you compare. If the quotes have different values for each quote you will not be able to make a fair comparison for your Chevy Colorado. Just a small difference in coverage limits may result in large price differences. And when price shopping your coverage, obtaining a wide range of quotes will enable you to find the best price.

Auto insurance myths debunked

Allstate and Progressive continually stream television and radio advertisements. All the companies make the same claim that you can save after switching to their company. How can each company claim to save you money? It’s all in the numbers.

Different companies have a preferred profile for the type of customer that is profitable for them. For example, a desirable insured could be a mature driver, has no tickets, and chooses high deductibles. A customer that hits that “sweet spot” is entitled to the best price and is almost guaranteed to cut their rates substantially.

Potential insureds who are not a match for these standards must pay higher prices and ends up with business not being written. The ads state “drivers who switch” but not “drivers who get quotes” save that kind of money. That’s why companies can make those claims.

This illustrates why you should get as many comparisons as possible. Because you never know the company that will provide you with the cheapest Chevy Colorado insurance rates.

Save money by taking advantage of these nine discounts

Car insurance is not cheap, but companies offer discounts to help offset the cost. Some discounts apply automatically at the time you complete a quote, but a few need to be asked for in order for you to get them.

  • Discounts for Safe Drivers – Safe drivers can get discounts for up to 45% lower rates for Colorado coverage than drivers with accidents.
  • Multi-policy Discount – When you combine your home and auto insurance with one insurance company you may save approximately 10% to 15%.
  • Life Insurance – Larger companies have better rates if you take out life insurance.
  • Theft Prevention Discount – Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.
  • Federal Government Employee – Being employed by or retired from a federal job can earn a discount up to 10% for Colorado coverage with certain companies.
  • Good Student – A discount for being a good student can get you a discount of up to 25%. The good student discount can last up until you turn 25.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
  • Military Rewards – Having a family member in the military could mean lower rates.
  • Discount for Swiching Early – A few companies offer discounts for switching to them before your current expiration date. The savings is around 10%.

It’s important to note that most discount credits are not given to the entire policy premium. Some only apply to the cost of specific coverages such as comprehensive or collision. Just because you may think you could get a free car insurance policy, you’re out of luck. Any amount of discount will help reduce your overall premium however.

Car insurance companies that may offer these benefits include:

Check with each insurance company which discounts they offer. Some discounts might not apply everywhere.

When should I use an insurance agent?

When buying coverage for your vehicles, there really is no “perfect” insurance plan. Every situation is different.

These are some specific questions can aid in determining if you would benefit from an agent’s advice.

  • Is my Chevy Colorado covered if I use it for business?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do I need rental car coverage?
  • Where can I get insurance after a DUI in my state?
  • Do I have coverage for damage caused while driving under the influence?
  • Should I buy additional glass protection?
  • Is borrowed equipment or tools covered if stolen or damaged?

If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, complete this form.

Auto insurance coverage basics

Learning about specific coverages of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and reading a policy is terribly boring.

Uninsured and underinsured coverage

Your UM/UIM coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Chevy Colorado.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these limits are similar to your liability insurance amounts.

Liability car insurance

Liability coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability insurance covers claims like structural damage, attorney fees, loss of income, legal defense fees and medical services. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as rolling your car, crashing into a ditch, colliding with a tree and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses for things like dental work, doctor visits, ambulance fees and EMT expenses. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Comprehensive coverages

This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers things like a broken windshield, a tree branch falling on your vehicle, damage from a tornado or hurricane, falling objects and hitting a bird. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

In the end, you save

The cheapest 2015 Chevy Colorado insurance is definitely available from both online companies and with local insurance agents, and you need to comparison shop both to have the best selection. Some companies do not offer online price quotes and these small insurance companies work with independent agents.

When you buy insurance online, it’s not a good idea to skimp on critical coverages to save a buck or two. In many cases, an insured cut liability limits or collision coverage only to regret at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the best price while still protecting your assets.

In this article, we presented a lot of techniques to shop for insurance online. It’s most important to understand that the more rate quotes you have, the better your chances of lowering your rates. You may even discover the lowest rates come from a small local company.

More information can be found at the links below