Cheaper 2007 Chevrolet Colorado Car Insurance Rates

Searching for the cheapest auto insurance rates for your Chevrolet Colorado? Price shopping your auto insurance is very difficult for people who have little experience shopping for insurance online. People have so many different companies and agents to choose from that it can turn into a real hassle to find the lowest price.

Consumers need to compare prices every six months because auto insurance prices fluctuate regularly. Just because you had the lowest price on Colorado coverage a year ago a different company probably has better rate quotes today. Block out anything you think you know about auto insurance because you’re going to learn the fastest and easiest way to reduce your cost while increasing coverage.

Locating more affordable insurance coverage can be fairly easy. Just about every vehicle owner who shops for insurance coverage most likely will be able to find better rates. Nevertheless, consumers do need to understand how companies price insurance differently and use this information to your advantage.

Cheaper rates with discounts

Insurance can be prohibitively expensive, but there’s a good chance there are discounts that many consumers don’t even know exist. Certain reductions will be credited at the time of quoting, but less common discounts must be specially asked for before you get the savings.

  • Discounts for Safe Drivers – Accident-free drivers can save as much as half off their rates on Colorado coverage as compared to drivers with claims.
  • Military Rewards – Being deployed in the military may qualify for rate reductions.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
  • Distant Student Discount – Older children who are attending college and won’t have access to an insured vehicle can be insured at a reduced rate.
  • ABS Braking Discount – Vehicles with ABS braking systems or traction control can avoid accidents and qualify for as much as a 10% discount.
  • E-sign Discounts – A few larger online companies will give a small break for buying a policy and signing up over the internet.
  • Discounts for Seat Belt Usage – Forcing all vehicle occupants to use a seat belt could save 15% off the PIP or medical payment premium.
  • First Accident Forgiveness – This one isn’t a discount, but some companies like Geico and Liberty Mutual will allow you to have one accident without the usual rate increase with the catch being you have to be claim-free before the accident.
  • Government Employees – Active or former government employment can save as much as 8% on Colorado coverage but check with your company.

One last thing about discounts, most credits do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, it doesn’t quite work that way.

To choose providers who offer cheap insurance coverage quotes, click here.

Compare insurance quotes

Most of the larger companies allow consumers to get price estimates on the web. Obtaining pricing doesn’t take much effort as you simply type in the coverage amounts you desire into the quote form. When complete, the system pulls credit information and your driving record and returns pricing information based on many factors.

Online price quotes makes comparing rates easy, but the process of having to visit different websites and type in the same information is a waste of time. Unfortunately, it is important to get many rate quotes in order to find the lowest insurance rates.

Online rates the easy way

An easier way to locate the lowest prices uses one simple form that gets price quotes from more than one company. The form is fast, eliminates repetitive work, and makes comparison shopping much more enjoyable and efficient. After your information is entered, it gets priced and you are able to buy any or none of the price quotes you receive.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. The entire process just takes a couple of minutes and may save quite a bit of money.

To find out what other companies charge, simply click here to open in new window and submit your coverage information. If you have coverage now, it’s recommended you complete the form with your coverages just like they are on your policy. Doing this guarantees you will receive a price comparison using the exact same coverages.

How insurance providers determine Chevy Colorado insurance rates

Many things are part of the calculation when premium rates are determined. Some are pretty understandable like an MVR report, but other criteria are not as apparent like where you live or your vehicle rating.An important part of buying insurance is that you know the rating factors that play a part in calculating the price you pay for auto insurance. When consumers understand what determines premiums, this allows you to make good choices that could result in cheaper rates.

The itemized list below are some of the factors used by your company to calculate prices.

  • Liability protection safeguards assets – Liability insurance will provide protection if you are ruled to be at fault for damages from an accident. Liability provides legal defense which can be incredibly expensive. It is affordable coverage compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
  • Stressful occupation may mean higher auto insurance rates – Jobs like doctors, executives and medical professionals are shown to have higher rates than average due to intense work requirements and lots of time spent at work. Conversely, occupations like professors, historians and homemakers receive lower rates on Colorado coverage.
  • Lower premiums for safer cars – Safer cars are cheaper to insure. Safe vehicles help reduce the chance of injuries in an accident and better occupant protection translates directly to fewer claims and more competitive rates for policyholders. If your Chevy Colorado is rated at least four stars on Safercar.gov it is probably cheaper to insure.
  • Lower physical damage deductibles cost more – The deductibles are the amount of money you are required to pay if a claim is determined to be covered. Protection for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of some claims that would be covered are rearending another vehicle, damage caused by hail, and having a roll-over accident. The more damage repair cost you are required to pay out-of-pocket, the better rate you will receive on Colorado coverage.
  • GPS tracking and theft deterrents lower prices – Purchasing a vehicle that has a built-in theft deterrent system can get you a discount on your auto insurance. Systems that thwart theives such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.
  • Getting married is a bonus – Your spouse helps lower the price on your auto insurance policy. Having a significant other generally demonstrates drivers are less irresponsible and it’s statistically proven that married drivers get in fewer accidents.
  • Your gender affects prices – Over time, data shows women are more cautious behind the wheel. However, this does not mean females are better drivers. Women and men are in at-fault accidents at about the same rate, but the males have costlier accidents. Not only are claims higher, but men get ticketed for serious violations like driving under the influence (DUI).
  • Cheaper rates by combining – Most larger auto insurance companies afford lower prices to customers who buy several policies from them in the form of a multi-policy discount. Even if you’re getting this discount it’s still a good idea to compare rates to help guarantee you have the best rates.

What is the best car insurance coverage?

When buying proper insurance coverage, there really is no best way to insure your cars. Everyone’s needs are different.

Here are some questions about coverages that could help you determine if your situation will benefit from professional help.

  • Am I missing any policy discounts?
  • Is extra glass coverage worth it?
  • Is my babysitter covered when using my vehicle?
  • Is a fancy paint job covered?
  • Is my Chevy Colorado covered if I use it for business?
  • Do I need PIP coverage since I have good health insurance?

If you’re not sure about those questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Insurance coverage ads are enticing

21st Century, Allstate and State Farm continually stream television, radio, and online ads. All the ads have a common claim about savings if you get a free car insurance quote and switch your policy. How do they all give you a lower rate? You have to listen carefully.

Many companies have specific guidelines for a prospective insured that earns them a profit. An example of a profitable customer might be described as between 25 and 40, has a low-risk occupation, and drives a vehicle with a low ISO rating. A customer that meets those criteria will get a cheap rate quote and will most likely save money with a new company.

Potential customers who don’t meet the ideal profile will have to pay a more expensive rate which results in the driver buying from a lower-cost company. The trick companies use is to say “drivers that switch” not “everybody who quotes” save money. That’s why insurance companies can confidently make claims like that.

Because every company is different, it is so important to compare as many free car insurance quotes as you can. It’s just not possible to know the company that will have the lowest rate quotes.

Specific coverage details

Knowing the specifics of your policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a bird, hitting a deer, damage from flooding and vandalism. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for collisions

Collision insurance pays for damage to your Colorado resulting from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.

Collision coverage protects against claims like backing into a parked car, colliding with another moving vehicle, crashing into a ditch and hitting a mailbox. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.

Liability coverages

This can cover damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like funeral expenses, structural damage, pain and suffering and bail bonds. How much coverage you buy is your choice, but buy as much as you can afford.

Uninsured/Underinsured Motorist coverage

This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your 2007 Chevy Colorado.

Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these limits are similar to your liability insurance amounts.

Medical payments coverage and PIP

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as prosthetic devices, ambulance fees and pain medications. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage

Final thoughts

We’ve covered a lot of ways to shop for 2007 Chevy Colorado insurance online. The key thing to remember is the more times you quote, the higher your chance of finding the cheapest car insurance. Consumers may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising.

When shopping online for insurance, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where someone sacrificed full coverage and discovered at claim time that it was a big error on their part. Your strategy should be to buy enough coverage at the lowest possible cost while still protecting your assets.

Budget-conscious 2007 Chevy Colorado insurance is attainable on the web and with local insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not provide rate quotes online and most of the time these regional carriers sell through local independent agencies.

Additional information