How Much Does 2007 Chevrolet Cobalt Car Insurance Cost?

Searching for lower car insurance rates for your Chevrolet Cobalt? Feel like you’re a prisoner to an expensive car insurance policy? You’re in good company because many consumers are feeling buyer’s remorse and feel like there’s no way out.

With so many insurance providers from which to choose, it can be impossible to choose the lowest cost insurance company.

Buying affordable protection is simple if you know the tricks. Essentially every vehicle owner who is shopping for insurance will most likely be able to find better rates. Nevertheless, vehicle owners must know how big insurance companies determine prices and apply this information to your search.

Double check you’re getting these discounts

Companies do not list every available discount in an easy-to-find place, so we researched both the well known and the more hidden auto insurance savings.

  • Theft Deterent – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and will qualify for a discount on a car insurance quote.
  • Federal Government Employee – Active or former government employment could provide a small rate reduction for Cobalt insurance with select insurance companies.
  • Early Payment Discounts – If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Low Miles Discount – Driving less may enable drivers to earn better premium rates on cars that stay parked.
  • Military Discounts – Being on active deployment in the military could be rewarded with lower prices.
  • Own a Home and Save – Owning your own home or condo can help you save on auto insurance since owning and maintaining a home shows financial diligence.
  • Multiple Policy Discount – If you combine your homeowners and auto policies with one company you may earn at least 10 to 15 percent or more.
  • Passenger Safety Discount – Cars that have air bags or automatic seat belts may get savings of 25 to 30%.
  • Drivers Education – Cut your cost by having your teen driver complete a driver education course as it can save substantially.

A quick disclaimer, most discounts do not apply to your bottom line cost. Most cut specific coverage prices like comprehensive or collision. Despite the fact that it seems like you could get a free auto insurance policy, it just doesn’t work that way.

A partial list of companies that may include some of the discounts shown above include:

When comparing rates, check with all companies you are considering how many discounts you can get. Some discounts listed above might not be offered on policies in your area. To see auto insurance companies with discount auto insurance rates, click this link.

Special considerations

When choosing adequate coverage, there really is no best way to insure your cars. Each situation is unique and your policy should reflect that. For instance, these questions might point out whether you will benefit from professional help.

  • When would I need additional glass coverage?
  • Can I still get insurance after a DUI?
  • Is my ex-spouse still covered by my policy?
  • Do I need added coverage for expensive stereo equipment?
  • Can I rent a car in Mexico?
  • Am I covered when using my vehicle for business?
  • What is no-fault insurance?
  • Is my 2007 Chevy Cobalt covered for flood damage?
  • Should I buy only the required minimum liability coverage?

If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier

Be skeptical of insurance ads

Well-known insurance companies like State Farm and Allstate regularly use television and radio advertisements. All the ads seem to make the promise that drivers will save a bundle if you get a free car insurance quote and switch your insurance coverage to their company. How can each company cost less than your current company? It’s all in how they say it.

Insurance providers give the cheapest rates for the type of customer that earns them the highest profit. An example of a desirable risk might have to be between the ages of 30 and 50, has had continuous coverage, and has a short commute. Anyone that meets those criteria will probably get the lowest car insurance rates as well as pay quite a bit less when switching companies.

People who do not match these criteria may receive a higher rate which results in the customer buying from someone else. The wording the ads use say “drivers that switch” not “everyone who quotes” will save that much if they switch. That’s the way insurance companies can lure you into getting a quote.

Because of this risk profiling, you absolutely need to do a price quote comparison at every renewal. Because you cannot predict with any certainty which company will have the lowest premium rates for your situation.

Coverages available on your insurance policy

Understanding the coverages of your policy can be of help when determining the right coverages for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are the normal coverages offered by insurance companies.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

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. Usually these coverages are similar to your liability insurance amounts.

Collision coverage protection

Collision coverage covers damage to your Cobalt resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision can pay for things like hitting a mailbox, colliding with another moving vehicle, scraping a guard rail, crashing into a building and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also bump up the deductible to bring the cost down.

Liability coverages

Liability coverage can cover damage or injury you incur to other people or property. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers things such as legal defense fees, funeral expenses, structural damage, medical expenses and pain and suffering. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like surgery, doctor visits, dental work and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage

Comprehensive auto coverage

Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like rock chips in glass, hail damage, vandalism and damage from flooding. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.

Money doesn’t grow on trees

As you quote car insurance, do not reduce needed coverages to save money. Too many times, consumers will sacrifice collision coverage and learned later that it was a big mistake. The proper strategy is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.

In this article, we presented a lot of information how to compare 2007 Chevy Cobalt insurance rates online. The key concept to understand is the more price quotes you have, the better your comparison will be. Drivers may discover the most savings is with an unexpected company. These companies may have significantly lower car insurance rates on certain market segments compared to the large companies like Progressive and Geico.

Even more information can be read at these sites: