How to Cut Your Chevy Colorado Auto Insurance Rates

Are you tired of paying out the nose each month for car insurance? You are in the same boat as most other car owners. Online insurance companies like Progressive, State Farm and GEICO constantly blast consumers with TV and radio ads and it is difficult to see through the cute green geckos and mayhem and find the best price available.

You should make it a habit to compare prices occasionally due to the fact that insurance rates change frequently. Despite the fact that you may have had the best deal for Colorado coverage a few years ago the chances are good that you can find a lower rate today. Don’t believe everything you read about auto insurance on the internet, so with this article, you’re going to get the best ways to reduce your auto insurance bill.

If you have a policy now or are just looking to switch companies, you can learn to find better prices while maintaining coverages. Finding affordable coverage is not rocket science. Vehicle owners just need to learn the most efficient way to get comparison rates on the web.

Lots of discounts mean lots of savings

Companies offering auto insurance don’t always publicize every available discount very well, so the following is a list of both the well known and also the lesser-known discounts you could be receiving. If you don’t get every credit available, you are paying more than you should be.

Life Insurance – Larger companies have a break if you buy life insurance from them.
Student Driver Training – Have your child enroll in driver’s education in high school.
Safe Drivers – Insureds without accidents can pay as much as 50% less for Colorado coverage than less cautious drivers.
Good Student Discount – Getting good grades can earn a discount of 20% or more. This discount can apply up until you turn 25.
Save over 55 – If you qualify as a senior citizen, you may qualify for reduced rates for Colorado coverage.
Low Mileage – Keeping the miles down on your Chevy can earn better rates on cars that stay parked.
Memberships – Belonging to a qualifying organization is a good way to get lower rates when shopping for auto insurance for Colorado coverage.
Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you can actually save on your bill.

It’s important to note that some credits don’t apply to all coverage premiums. Some only reduce specific coverage prices like liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky.

To see a list of companies with discount auto insurance rates, click this link.

Comparison of Auto Insurance

Reducing your Chevy Colorado insurance rates can be quick and easy. You just have to take time to compare quotes online with multiple companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

One of the best ways consumers can analyze rates would be an industry-wide quote request form click to view form in new window. This form eliminates the need for separate quotation requests for each company. A single, simple form will get you price quotes from multiple companies.
A slightly less efficient method to compare prices requires a visit to each company website and fill out their own quote form. For example, let’s say you want to compare State Farm, Allstate and GEICO. To get rate quotes you would need to take the time to go to each site and enter your policy data, which is why the first method is quicker.
For a list of links to insurance companies in your area, click here.
The hardest method to compare rates to insurance agents’ offices. Shopping for auto insurance online can eliminate the need for a local agent unless you have a need for the professional guidance of a licensed agent. It is possible to price shop your coverage online and get advice from an agent in your area.

It’s up to you which method you use, but ensure you are comparing identical coverage limits with each company. If you use unequal deductibles or liability limits it will be next to impossible to decipher which rate is best.

Chevy Colorado rates influenced by many factors

Consumers need to have an understanding of the factors that help determine the rates you pay for auto insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that could result in big savings.

Add-on coverages can add up – There are many additional coverages that you can get tricked into buying if you aren’t careful. Things like rental car reimbursement, accidental death and term life insurance are some examples. They may seem like a good idea at first, but if they’re wasting money remove them from your policy.
Claim-free discounts can add up – Auto insurance companies generally give lower rates to insureds who file claims infrequently. If you are a frequent claim filer, you can definitely plan on higher rates. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
Where do you drive? – The higher the mileage driven every year the higher your rates will be. Almost all companies rate vehicles based on how the vehicle is used. Autos left parked in the garage receive lower rates compared to those used for work or business. If your policy improperly rates your Colorado may be wasting your money. Make sure your auto insurance declarations sheet shows the correct usage for each vehicle, because improper ratings can cost you money.
Battle of the sexes – Statistics show women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Men and women are in accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations like reckless driving and DUI.
Traffic violations increase rates – A bad driving record impacts your car insurance rates tremendously. Even one ticket can increase rates by twenty percent. Good drivers tend to pay less for car insurance than their less careful counterparts. If you have dangerous violations such as DWI, reckless driving or hit and run convictions may find they need to file a SR-22 with their state DMV in order to prevent a license revocation.
Your location affects your rates – Choosing to live in a rural area can be a good thing when it comes to auto insurance. Fewer people means fewer accidents. Drivers in populated areas have to deal with much more traffic to deal with and longer commutes to work. More time on the road means more change of being in an accident.
Discounts for multiple policies – The majority of insurers will award you with lower prices to policyholders who have multiple policies with them. It’s known as a multi-policy discount. This can amount to five, ten or even twenty percent. Even though this discount sounds good, it’s in your best interest to compare rates to verify if the discount is saving money.
Performance level impacts rates – The performance of the car you own makes a significant difference in the rate you pay. The cheapest insurance rates are usually for lower performance four cylinder passenger models, but other factors influence the final cost greatly. Since the Chevrolet Colorado is a pickup truck, rates will be similar in price as compared to the average rate.

Are insurance agents a thing of the past?

A small number of people would prefer to buy from a licensed agent and that is a personal choice. Good agents can answer important questions and help you file claims. One of the best bonuses of price shopping on the web is you may find the lowest rates but still work with a licensed agent.

To help locate an agent, after submitting this short form, your information is submitted to local insurance agents who will give you bids for your coverage. There is no need to even leave your home as quotes are delivered to your email. How’s that for easy!

Deciding on a company needs to be determined by more than just a cheap price. Ask your prospective agent these questions:

How much will you save each year by using a higher deductible?
Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
Do you have coverage for a rental car if your vehicle is in the repair shop?
Is vehicle damage repaired with OEM or aftermarket parts?
Who is covered by the car insurance policy?
How long has their agency been in business?
Do they regularly work with personal auto policies?
What insurance companies do they recommend if they are an independent agent?

Choose an insurance agent wisely

If you’re trying to find a good insurance agency, you must know there are a couple types of agencies to choose from. Agents are classified as either captive or independent (non-captive). Both write coverage properly, but it’s good to learn the difference between them because it can influence the selection process.

Agency Captives

Captive agencies can only write with one company and examples are Liberty Mutual, State Farm, Allstate and AAA. They are unable to compare other company’s rates so it’s a take it or leave it situation. These agents are usually quite knowledgeable in insurance sales which can be an advantage.

Independent Agents

These agents do not work for one specific company but instead can place your coverage amongst many companies and potentially find a lower price. If you are not satisfied with one company, an independent agent can move your coverage and that require little work on your part.

When shopping rates, we recommend you include multiple independent agents to have the most options to choose from.

To view a full list of agents, visit this page.

Upon receiving positive feedback to all your questions as well as a affordable price, most likely you have located an auto insurance agent that can properly service your auto insurance policy.

Do drivers who switch really save?

Drivers can’t get away from ads for cheaper car insurance from the likes of State Farm, GEICO and Progressive. All the companies make an identical promise of big savings if you move your coverage to them.

How does each company say the same thing?

All the different companies are able to cherry pick for the driver that is profitable for them. For example, a preferred risk could be between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. A driver who meets those qualifications receives the best rates and most likely will save a lot of money.

Consumers who don’t meet the requirements must pay more money and this can result in the customer not buying. Company advertisements say “customers that switch” not “everybody who quotes” save that much money. That is how insurance companies can advertise the savings. This illustrates why you need to compare as many rates as you can. It is impossible to predict which auto insurance company will give you the biggest savings.

Summing up your auto insurance search

Low-cost Chevy Colorado insurance can be sourced on the web in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers do not provide online quoting and many times these small insurance companies only sell through independent insurance agents.

We’ve covered some good ideas how to shop for Chevy Colorado insurance online. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising. Regional companies can often insure niche markets at a lower cost as compared to the big name companies such as State Farm, GEICO and Nationwide.