Anyone knows that insurance companies want to keep your business as long as possible. Insureds who shop around for the cheapest price are likely to buy a new policy because they have good chances of getting low-cost coverage. Surprisingly, a recent survey revealed that drivers who make a habit of shopping around saved approximately $865 annually compared to people who never compared other company’s rates.
If finding budget-friendly Chevy Cobalt insurance in Aurora is your intention, then knowing the best way to compare insurance rates can help simplify the process.
If your goal is the lowest price, then the best way to find cheaper Chevy Cobalt insurance is to begin comparing prices regularly from insurers that insure vehicles in Aurora.
- Step 1: Try to learn a little about individual coverages and the things you can change to keep rates down. Many factors that cause rate increases such as accidents, traffic violations, and a not-so-good credit rating can be remedied by making minor changes to your lifestyle. Keep reading for ideas to help prevent high rates and get bigger discounts.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while agents who are independent can quote rates for a wide range of companies.
- Step 3: Compare the new rate quotes to your existing coverage to see if switching to a new carrier will save money. If you can save money, verify that coverage does not lapse between policies.
- Step 4: Notify your company or agent to cancel your existing policy. Submit any necessary down payment along with the completed application to the new company. Immediately upon receiving it, keep the new proof of insurance certificate somewhere easily accessible.
An essential thing to point out is that you’ll want to make sure you compare similar coverage information on each price quote and and to get price quotes from as many companies as possible. This enables an accurate price comparison and the most accurate and complete price analysis.
Learn How to Find Car Insurance More Affordably
Multiple criteria are considered when quoting car insurance. Some of the criteria are obvious like an MVR report, but others are more transparent such as whether you are married or your commute time.
Shown below are a few of the “ingredients” utilized by car insurance companies to help set rates.
Low credit score equals high prices – Having a good credit score is a large factor in determining what you pay for car insurance. Therefore, if your credit rating is low, you could pay less to insure your Chevrolet Cobalt by improving your credit score. People that have high credit scores tend to be more responsible than drivers who have lower ratings.
GPS tracking and theft deterrents reduce rates – Selecting a car model with a theft deterrent system can earn a premium discount. Advanced theft deterrents like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart vehicle theft.
Having a spouse pays dividends – Having a significant other actually saves money on car insurance. It usually means you are less irresponsible and statistics show married drivers tend to file fewer claims.
Are you male or female? – Statistics show that females tend to be a little less risky than males. It does not mean men are WORSE drivers than women. Both genders cause auto accidents in similar percentages, but the males cause more damage and cost insurance companies more money. Not only that, but men also get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers have the highest risk to insure and therefore are the most expensive to insure.
The illustration below compares Chevy Cobalt insurance costs for male and female drivers. The data assumes no violations or accidents, full physical damage coverage, $100 deductibles, single status, and no policy discounts are applied.
Vehicle risk impacts premiums – The performance level of the car, truck or SUV you need insurance for makes a big difference in the rate you pay. Low performance passenger vehicles generally receive the lowest base rates, but many other things help determine your insurance rates.
The chart below uses these assumptions: single female driver age 30, full coverage with $100 deductibles, and no discounts or violations. The data compares Chevrolet Cobalt car insurance rates compared to other vehicles that have a range of performance rating factors.
How to buy Aurora Chevy Cobalt insurance online
Just remember that more quotes increases the chance that you will find a lower rate. Some regional insurers cannot provide online price quotes, so it’s important to also get price estimates from those companies as well.
The companies shown below offer free quotes in Aurora, CO. If you wish to find cheap car insurance in Aurora, we recommend you visit two to three different companies to find the cheapest auto insurance rates.
Insurance analysis for a Chevy Cobalt
The price information shown below covers detailed analysis of prices for Chevy Cobalt models. Being aware of how auto insurance policy rates are determined helps drivers make decisions on which coverage to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $132 | $312 | $408 | $24 | $122 | $998 | $83 |
| Cobalt XFE 4-Dr Sedan | $132 | $312 | $408 | $24 | $122 | $998 | $83 |
| Cobalt LS 2-Dr Coupe | $152 | $312 | $452 | $26 | $136 | $1,078 | $90 |
| Cobalt XFE 2-Dr Coupe | $152 | $312 | $452 | $26 | $136 | $1,078 | $90 |
| Cobalt LT 4-Dr Sedan | $152 | $312 | $408 | $24 | $122 | $1,018 | $85 |
| Cobalt LT 2-Dr Coupe | $172 | $312 | $452 | $26 | $136 | $1,098 | $92 |
| Cobalt SS Turbo 2-Dr Coupe | $192 | $406 | $452 | $26 | $136 | $1,212 | $101 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in the specific area where the vehicle is garaged which can influence coverage rates significantly.
How high should deductibles be?
One of the more difficult decisions when buying insurance is which deductible level should you buy. The data tables below lay out the price difference between high and low comp and collision deductibles. The first pricing table uses a $250 deductible for physical damage and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $236 | $538 | $396 | $24 | $118 | $1,337 | $111 |
| Cobalt XFE 4-Dr Sedan | $236 | $538 | $396 | $24 | $118 | $1,337 | $111 |
| Cobalt LS 2-Dr Coupe | $272 | $538 | $440 | $26 | $132 | $1,433 | $119 |
| Cobalt XFE 2-Dr Coupe | $272 | $538 | $440 | $26 | $132 | $1,433 | $119 |
| Cobalt LT 4-Dr Sedan | $272 | $538 | $396 | $24 | $118 | $1,373 | $114 |
| Cobalt LT 2-Dr Coupe | $306 | $538 | $440 | $26 | $132 | $1,467 | $122 |
| Cobalt SS Turbo 2-Dr Coupe | $342 | $702 | $440 | $26 | $132 | $1,667 | $139 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $192 | $434 | $396 | $24 | $118 | $1,164 | $97 |
| Cobalt XFE 4-Dr Sedan | $192 | $434 | $396 | $24 | $118 | $1,164 | $97 |
| Cobalt LS 2-Dr Coupe | $220 | $434 | $440 | $26 | $132 | $1,252 | $104 |
| Cobalt XFE 2-Dr Coupe | $220 | $434 | $440 | $26 | $132 | $1,252 | $104 |
| Cobalt LT 4-Dr Sedan | $220 | $434 | $396 | $24 | $118 | $1,192 | $99 |
| Cobalt LT 2-Dr Coupe | $250 | $434 | $440 | $26 | $132 | $1,282 | $107 |
| Cobalt SS Turbo 2-Dr Coupe | $278 | $566 | $440 | $26 | $132 | $1,442 | $120 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Price information does not factor in specific Aurora garaging location which can lower or raise coverage prices substantially.
We can derive from the above data that using a $250 deductible costs approximately $15 more each month or $180 each year than quoting the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally average more than 17 months between claim filings, you would come out ahead if you opt for a higher deductible. Here is the way you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $119 |
| Average monthly premium for $500 deductibles (subtract): | – $104 |
| Monthly savings from raising deductible: | $15 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $15 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 17 months |
Here’s why car insurance is not optional
Despite the potentially high cost of Chevy Cobalt insurance, paying for car insurance is required by state law in Colorado and it also provides benefits you may not be aware of.
- Almost all states have mandatory liability insurance requirements which means state laws require specific limits of liability coverage if you drive a vehicle. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your vehicle has a loan, it’s most likely the lender will have a requirement that you have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the lender will be forced to insure your Chevy for a lot more money and require you to pay much more than you were paying before.
- Car insurance protects both your assets and your vehicle. It also can pay for medical bills for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, your car insurance policy will pay to repair the damage.
The benefits of buying car insurance definitely exceed the price paid, particularly for liability claims. The average driver in Colorado is overpaying over $869 every year so we recommend shopping around at every renewal to ensure rates are inline.
Do you qualify for discounts on Chevy Cobalt insurance in Aurora?
The cost of insuring your cars can be expensive, but you might find some hidden discounts to help bring down the price. A few discounts will be applied when you get a quote, but some discounts are required to be asked for prior to getting the savings.
- Low Mileage Discounts – Fewer annual miles on your Chevy can earn better premium rates on cars that stay parked.
- Paperwork-free – Some companies will give you a small discount for completing your application on their website.
- Service Members Pay Less – Being deployed with a military unit could qualify you for better rates.
- Anti-theft Discount – Vehicles with anti-theft systems help deter theft and will save you 10% or more on Cobalt insurance in Aurora.
- Pay Now and Pay Less – If you can afford to pay the entire bill rather than spreading payments over time you may reduce your total bill.
As is typical with insurance, most discount credits are not given to the entire policy premium. Some only apply to specific coverage prices like collision or personal injury protection. So when it seems like all those discounts means the company will pay you, you aren’t that lucky.
The illustration below compares Chevy Cobalt car insurance costs with and without discounts being applied to the rates. The rates are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, claim-free, homeowner, marriage, and multi-policy discounts applied.
Insurance companies who might offer most of the discounts above possibly include:
Before you buy a policy, ask each insurance company which discounts can lower your rates. All car insurance discounts may not apply to policies in your area.
Buying auto insurance from Aurora car insurance agents
Certain consumers would prefer to talk to a local agent and there is nothing wrong with that. A nice benefit of getting online price quotes is you may find cheaper premium rates and still choose a local agent.
Once you complete this simple form, your insurance coverage information is immediately sent to agents in your area who can give free rate quotes for your coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go straight to your inbox. You can find lower rates and an insurance agent to talk to. If you need to compare rates from a specific insurance company, don’t hesitate to navigate to their website and fill out the quote form the provide.
Finding the right company shouldn’t rely on just a cheap price. The questions below may impact your decision as well.
- What company do they have the most business with?
- Are they paid to recommend certain coverages?
- Can you use your own choice of collision repair facility?
- How much will you save each year by using a higher deductible?
- How long has their agency been open in Aurora?
- Will their companies depreciate repairs to your car based on the mileage?
If you want to buy auto insurance from a local Aurora insurance agent, it can be helpful to understand the types of agencies and how they differ in how they quote coverages. Auto insurance policy providers are considered either exclusive or independent.
Exclusive Insurance Agents
These agents work for only one company like Allstate, State Farm and Farm Bureau. They usually cannot place coverage with different providers so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are very knowledgeable on their company’s products which helps them sell on service rather than price. Many people buy insurance from these agents mainly due to the prominent brand name instead of buying on price only.
The following is a short list of exclusive agents in Aurora who can help you get price quotes.
- State Farm Insurance Agency – Jason Hart
15201 E Moncrieff Pl e – Aurora, CO 80011 – (720) 920-9043 – View Map - American Family Insurance – Patricia Davis
1627 S Havana St e – Aurora, CO 80012 – (303) 360-9831 – View Map - Denise Smith – State Farm Insurance
1278 S Chambers Rd – Aurora, CO 80017 – (303) 343-3515 – View Map
Independent Auto Insurance Agencies
Agents in the independent channel are not employed by one company and that gives them the ability to insure with a variety of different insurance companies and find the cheapest auto insurance rates. If your agent finds better pricing, they can switch companies in-house and you don’t have to switch agencies.
When searching for an agent, you need to get several quotes from at a minimum one independent agency to ensure the widest selection of prices. Most independent agents also contract with smaller mutual companies which could offer lower prices.
The following are Aurora independent agencies that can give you comparison quotes.
- A Complete Home and Auto Insurance Agency
1080 S Sable Blvd – Aurora, CO 80012 – (303) 344-2886 – View Map - Premier Insurance
2241 S Peoria St # 202 – Aurora, CO 80014 – (303) 337-3600 – View Map - Amercian Affordable Insurance: Arthur Blaszczyszn
10660 E Bethany Dr – Aurora, CO 80014 – (303) 577-9998 – View Map
Auto insurance can get complicated
Keep in mind that when it comes to choosing the best auto insurance coverage for your vehicles, there really is no perfect coverage plan. Each situation is unique so your insurance should reflect that
For instance, these questions might point out whether or not you would benefit from an agent’s advice.
- Where can I find DUI or SR-22 insurance?
- What are good deductibles for a Chevy Cobalt?
- Is my business laptop covered if it gets stolen from my vehicle?
- Who does medical payments coverage extend to?
- When can I cancel my policy?
- Does rental coverage apply when I am renting a car?
- Am I covered if hit by an uninsured driver?
If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
Quote more and you will save more
As you prepare to switch companies, do not buy lower coverage limits just to save a few bucks. In too many instances, someone sacrificed liability limits or collision coverage and learned later that it was a big mistake. Your objective should be to buy enough coverage at an affordable rate while still protecting your assets.
You just read many ideas to find lower-cost Chevy Cobalt insurance in Aurora. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest prices are with the least-expected company. These companies may cover specific market segments cheaper as compared to the big name companies such as State Farm, GEICO and Nationwide.
Much more information about car insurance in Colorado is available at these links:
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Who Has the Cheapest Aurora Auto Insurance for Immigrants? (FAQ)
- Who Has Cheap Auto Insurance for a 20 Year Old Male in Aurora? (FAQ)
- Who Has Affordable Car Insurance for College Graduates in Aurora? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- New head restraint design cuts injuries (Insurance Institute for Highway Safety)
- Vehicle Size and Weight FAQ (iihs.org)
- Electronic Stability Control FAQ (iihs.org)