2004 Chevrolet Colorado Insurance Quotes – 8 Tips to Save

Finding cheaper coverage rates for car insurance is difficult for beginners to online comparison shopping. There are so many options that it can turn into a ton of work to find more affordable prices.

Are you getting every discount?

Not too many consumers would say auto insurance is affordable, but there are discounts available that may help make it more affordable. Some discounts apply automatically at the time of quoting, but a few must be asked for before being credited.

  • Home Ownership Discount – Owning a home may trigger a policy discount on auto insurance since home ownership is proof of financial responsibility.
  • Distant College Student Discount – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Accident Waiver – This one is not really a discount per se, but a few companies such as Geico, Progressive, and Allstate will let one accident slide before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Claim Free – Good drivers with no accidents have much lower rates when compared to insureds who have frequent claims or accidents.
  • Service Members Pay Less – Being on active duty in the military could trigger a small discount.
  • Discounts for New Vehicles – Insuring a vehicle that is new may earn a small discount since new model year vehicles are generally safer.
  • Responsible Driver Discount – Safe drivers may receive a discount up to 45% for Colorado coverage compared to rates paid by drivers with frequent claims.
  • Discount for Life Insurance – Select insurance companies reward you with a discount if you purchase some life insurance in addition to your auto policy.

Consumers should know that some of the credits will not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will reduce your auto insurance premiums.

If you would like to view auto insurance companies with discount auto insurance rates, click this link.

When in doubt talk to an agent

When choosing the right insurance coverage, there is no “perfect” insurance plan. Every insured’s situation is different.

For instance, these questions can help discover whether your personal situation may require specific advice.

  • How can I find cheaper teen driver insurance?
  • When should I remove comp and collision on my 2004 Chevy Colorado?
  • Am I covered when driving on a suspended license?
  • Should I file a claim if it’s only slightly more than my deductible?
  • Can I afford to pay high deductible claims out of pocket?
  • When can my company non-renew my policy?
  • Do I have coverage when using my vehicle for my home business?
  • Do I need to file an SR-22 for a DUI in my state?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form.

Auto insurance ads are enticing

Companies like Allstate and Progressive seem to constantly run ads in print and on television. They all say the same thing that drivers will save a bundle if you move your coverage. How do they all sell you cheaper insurance coverage? It’s all in how they say it.

Many companies have specific criteria for the type of insured that will be a good risk. An example of a profitable customer could be between the ages of 40 and 55, has never had a claim, and drives less than 10,000 miles a year. Any new insured that matches those criteria receives the best premium rates and will most likely save a lot if they switch.

Insureds who may not quite match these criteria will probably have to pay higher premium rates and this can result in the customer not purchasing. The ad wording is “drivers who switch” not “everyone that quotes” save that much money. This is how companies can advertise the way they do. That is why you absolutely need to compare rate quotes every year. Because without a comparison, you cannot know the company that will have the lowest rates for your situation.

Car insurance policy specifics

Having a good grasp of your policy helps when choosing appropriate coverage and the correct deductibles and limits. Car insurance terms can be confusing and reading a policy is terribly boring.

Comprehensive (Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like theft, a broken windshield, vandalism and hitting a bird. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Medical expense insurance

Coverage for medical payments and/or PIP pay for immediate expenses for dental work, pain medications and X-ray expenses. They are used to fill the gap from your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a parking meter, scraping a guard rail, damaging your car on a curb and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Protection from uninsured/underinsured drivers

This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2004 Chevy Colorado.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Liability insurance

Liability coverage can cover injuries or damage you cause to other people or property in an accident. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.

Liability insurance covers things such as emergency aid, repair costs for stationary objects, repair bills for other people’s vehicles and loss of income. How much coverage you buy is a decision to put some thought into, but you should buy as high a limit as you can afford.

What is YOUR best insurance company?

Cheaper insurance can be found online and also from your neighborhood agents, and you need to comparison shop both to have the best selection. A few companies do not provide the ability to get quotes online and these smaller providers provide coverage only through independent agents.

Consumers change insurance companies for a number of reasons such as denial of a claim, delays in paying claims, delays in responding to claim requests and questionable increases in premium. It doesn’t matter why you want to switch finding the right insurance provider can be easier than you think.

As you quote insurance coverage, you should never buy poor coverage just to save money. There are many occasions where someone sacrificed collision coverage only to regret that the savings was not a smart move. Your goal is to buy enough coverage for the lowest price, but don’t skip important coverages to save money.

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