Trying to find cheaper car insurance rates for your Chevrolet Cobalt? I doubt anyone looks forward to buying car insurance, especially knowing it costs too dang much.
Consumers have multiple insurance companies to purchase coverage from, and though it is a good thing to have a selection, more choices can make it harder to compare rates and cut insurance costs.
Consumers should take time to compare rates every six months because insurance rates tend to go up over time. Despite the fact that you may have had the best deal on Cobalt insurance a few years ago there is a good chance you can find better prices now. There is a lot of bad advice regarding car insurance on the web, but by reading this article, you’re going to learn the best ways to slash your car insurance rates.
There are several ways to compare auto insurance quotes, and some are easier and takes less work. You can spend your afternoon talking about coverages with insurance agencies in your area, or you could save time and use the web to quickly compare rates.
Many popular insurance companies enroll in a system that allows shoppers to submit one quote, and each company then returns a price quote determined by their information. This saves time by eliminating quote requests to each company.
To use this form to compare rates click to open in new window.
The one disadvantage to pricing coverage this way is that you can’t choose the insurers to get pricing from. So if you want to choose from a list of companies to compare, we have a page of low cost auto insurance companies in your area. Click to view list.
You can use whichever method you prefer to find lower rates, just be certain you are entering equivalent quote information on every price quote you get. If you have different limits and deductibles on each one it’s not possible to determine the lowest rate for your Chevy Cobalt. Just a small difference in insurance coverages could skew the results. It’s important to know that getting more free quotes helps improve the odds of finding a better price. Not every company provides online quotes, so it’s necessary to compare rates on coverage from those companies, too.
Some insurers do not advertise all their discounts in an easy-to-find place, so here is a list some of the best known and the more hidden credits that may apply to you. If you don’t get every credit you deserve, you are throwing money away.
It’s important to understand that most of the big mark downs will not be given to the entire policy premium. Most only cut the price of certain insurance coverages like liability and collision coverage. Despite the appearance that it’s possible to get free car insurance, insurance companies wouldn’t stay in business. Any amount of discount will cut your overall premium however.
If you would like to view insurers with discount rates, click this link.
When choosing coverage, there really is no best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that can aid in determining if your insurance needs may require specific advice.
Knowing the specifics of a car insurance policy can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverage types found on most car insurance policies.
Medical payments and PIP coverage
Med pay and PIP coverage pay for bills like ambulance fees, doctor visits and prosthetic devices. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Collision coverage protection
Collision insurance covers damage to your Cobalt resulting from colliding with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like hitting a mailbox, colliding with another moving vehicle, colliding with a tree, scraping a guard rail and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.
Liability car insurance
Liability coverage can cover damage or injury you incur to people or other property by causing an accident. This coverage protects you from legal claims by others. 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 liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for things like funeral expenses, medical services, court costs, repair costs for stationary objects and bail bonds. How much coverage you buy is your choice, but buy as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Cobalt.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Comprehensive auto coverage
This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as hitting a deer, damage from a tornado or hurricane, rock chips in glass and a broken windshield. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.