2018 Chevrolet Colorado Insurance Rates – 8 Ways to Save

Searching for the cheapest car insurance rates for your Chevrolet Colorado? Finding cheap coverage rates for car insurance could be very difficult for drivers new to shopping for insurance online. Drivers have so many choices that it can quickly become a difficult mission to find the best price.

Consumers should take time to compare rates before your policy renews since insurance prices are constantly changing. Even if you think you had the best rates on Colorado insurance two years ago a different company probably has better premium rates today. There are a lot of ways to save on car insurance online but we’re going to give you some great ways to reduce your car insurance bill.

If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this information. This article will let you in on the best way to quote coverages and some money-saving tips. Nevertheless, consumers need to have an understanding of the way companies price online insurance because it can help you find the best coverage.

Finding insurance coverage

When shopping for low cost auto insurance quotes, there are a couple of ways to compare rate quotes from companies that offer insurance coverage in your state. The fastest way to comparison shop is simply to get online rate quotes. This can be accomplished in a couple of different ways.

  1. Experts agree that the best way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This easy form saves time by eliminating separate quotation requests for every insurance coverage company. In just a few minutes this one form compares rates from several companies.It’s the quickest way to get rates.
  2. A harder way to analyze rates requires a trip to each company website to complete a price quote. For instance, let’s assume you want to compare Auto-Owners, Liberty Mutual and American Family. You would have to go to each individual site to enter the same coverage data repeatedly, which is why the first method is more popular.

    For a list of companies in your area, click here.

  3. The final method to find cheaper rates is to spend your day driving to different agent offices. The fact that you can get quotes online can eliminate the need for a local agent unless you’re the type of person who wants the professional abilities that only an agent can give. Some companies do allow you to price shop your coverage online but have a local agent actually write the policy.

Which method you use is up to you, but try to use equivalent information for each price quote. If each company quotes different limits and deductibles on each one it will be very difficult to determine which company has the best rates. Slightly different insurance coverages may cause a big price difference. Keep in mind that obtaining a wide range of quotes gives you a better chance of getting better pricing. Some regional insurers cannot provide online quotes, so it’s recommended that you also compare prices from them, too.

Don’t assume everyone needs the same auto insurance coverage

When it comes to buying the best auto insurance coverage, there really is no one size fits all plan. Each situation is unique.

For instance, these questions can help discover if your situation might need an agent’s assistance.

  • What exactly is covered by my policy?
  • Can my teen drive my company car?
  • Does my 2018 Chevy Colorado need full coverage?
  • Is my 2018 Chevy Colorado covered for flood damage?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Are split liability limits better than a combined single limit?

If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverages and their meanings

Having a good grasp of a car insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.

Auto liability insurance – Liability coverage protects you from damage that occurs to other’s property or people by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage protects against things like repair bills for other people’s vehicles, repair costs for stationary objects, court costs, medical expenses and loss of income. How much liability should you purchase? That is a personal decision, but consider buying higher limits if possible.

Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your 2018 Chevy Colorado.

Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP provide coverage for short-term medical expenses like ambulance fees, funeral costs, pain medications and chiropractic care. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover you and your occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible

Collision coverage – This coverage will pay to fix damage to your Colorado caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as damaging your car on a curb, driving through your garage door, colliding with another moving vehicle, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

Comprehensive coverage – This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as a broken windshield, hitting a bird and damage from getting keyed. 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 it’s not worth carrying full coverage.