View 2006 Chevrolet Cobalt Insurance Rates

Trying to find the cheapest insurance coverage rates for your Chevrolet Cobalt? Sick and tired of robbing Peter to pay Paul to insure your Chevy every month? Your situation is no different than many other drivers. Many insurance companies vie for your business, and it can be difficult to compare rates and get the definite best price available.

You should make it a habit to compare prices every six months because rates are rarely the same from one policy term to another. Even if you think you had the lowest rates on Cobalt coverage a year ago the chances are good that you can find a lower rate today. Starting right now, forget anything you know (or think you know) about insurance coverage because you’re going to get a crash course in one of the easiest ways to save money, get proper coverage and the best rates.

How to Get Insurance Coverage

Most major insurance companies like GEICO, State Farm and Progressive allow you to get pricing on the web. Getting online quotes doesn’t take a lot of time as you simply enter your required coverages as requested by the quote form. Behind the scenes, the system automatically retrieves your credit score and driving record and provides a quote based on these and other factors. This helps simplify price comparisons, but the work required to visit a lot of sites and complete many quote forms can get tiresome after awhile. But it is imperative to get many rate quotes in order to get a better rate.

The preferred way to find cheaper rates requires only one form to obtain quotes from a bunch of companies at once. It’s a real time-saver, eliminates repetitive work, and makes online price comparison much more enjoyable. As soon as you send your information, it is quoted and you can select any or none of the resulting price quotes.

If one or more price quotes are lower than your current rates, you can click and sign and buy the policy. It just takes a couple of minutes and you will find out if you’re overpaying now.

To compare rates using this form now, click here to open in a new tab and begin entering your coverage information. If you have coverage now, it’s recommended you enter the coverage information just like they are on your policy. Using the same limits helps guarantee you will be getting a price comparison for exact coverage.

Take advantage of discounts

Car insurance can cost a lot, but companies offer discounts that many people don’t even know exist. Most are applied at the time of quoting, but lesser-known reductions have to be specifically requested prior to receiving the credit. If they aren’t giving you every credit possible, you’re paying more than you need to.

  • Anti-theft System – Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Discount for Life Insurance – Some companies give a break if you buy auto and life insurance together.
  • Safe Driver Discount – Insureds without accidents can pay as much as 50% less on Cobalt coverage than their less cautious counterparts.
  • Discount for Swiching Early – Select companies give a discount for switching to them before your current policy expires. The savings is around 10%.
  • Claim Free – Good drivers with no accidents pay much less when compared with frequent claim filers.
  • Memberships – Being a member of a civic or occupational organization could trigger savings when shopping for car insurance on Cobalt coverage.
  • Homeowners Savings – Owning a home may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Some only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates adding up those discounts means a free policy, it doesn’t quite work that way. But all discounts will bring down your overall premium however.

For a list of providers with discount car insurance rates, follow this link.

Factors that can influence insurance rates for a Chevy Cobalt

Consumers need to have an understanding of the different types of things that play a part in calculating the rates you pay for car insurance. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that can help you get big savings.

Shown below are some of the items used by your company to calculate your rates.

  • Your location is important – Residing in a rural area can save you money when it comes to car insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. City drivers have to deal with traffic congestion and longer commutes to work. More time on the road means higher likelihood of an accident.
  • Older drivers pay less – Teen drivers are statistically proven to be less responsible behind the wheel so car insurance rates are higher. Adding a teenage driver onto a policy can be quite pricey. Older drivers tend to be more responsible, file fewer claims and are safer drivers.
  • Liability coverage protects you – The liability section of your policy provides coverage when you are found liable for causing damage or personal injury in an accident. It provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not cut corners here.
  • What are your deductibles? – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Chevy. Examples of covered claims are running into the backend of another car, damage from fire, and burglary. The deductibles are how much you are required to spend out-of-pocket if you file a covered claim. The higher the amount you’re willing to pay, the bigger discount you will receive on Cobalt coverage.
  • Occupation reflects on rates – Did you know your car insurance rates can be affected by your occupation? Jobs such as lawyers, social workers and stock brokers are shown to have the highest rates due to high stress and long work days. On the other hand, professions such as farmers, students and performers pay the least on Cobalt coverage.

How to know if you need help

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Every insured’s situation is different so your insurance should reflect that For example, these questions could help you determine whether your personal situation might need professional guidance.

  • Is my vehicle covered by my employer’s policy when using it for work?
  • Does insurance cover tools stolen from my truck?
  • Which companies will insure high-risk drivers?
  • Should I bundle my homeowners policy with my auto?
  • Do I need more liability coverage?
  • Is motorclub coverage worth it?
  • Is upholstery damage covered by car insurance?
  • What vehicles should carry emergency assistance coverage?

If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, complete this form or you can also visit this page to select a carrier It only takes a few minutes and can help protect your family.

Car insurance ads bend the truth

Consumers can’t ignore all the ads that promise big savings from the likes of GEICO, State Farm and Progressive. They all make the same claim that you can save after switching your coverage to them.

How does each company make almost identical claims?

All companies have a certain “appetite” for the type of customer that is profitable for them. An example of a driver they prefer might be profiled as over the age of 50, a clean driving record, and has great credit. A customer who fits that profile will qualify for the lowest rates and most likely will save when they switch companies.

Consumers who do not match the requirements will be charged higher premiums and ends up with the customer not buying. The ads state “people who switch” not “everyone that quotes” save that much money. That is how companies can truthfully advertise the savings.

That is why you need to compare many company’s rates. It’s not possible to predict which car insurance company will fit your personal profile best.

Insurance coverages 101

Having a good grasp of your insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.

Collision protection

Collision insurance pays for damage to your Cobalt resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things like sideswiping another vehicle, colliding with another moving vehicle, rolling your car, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Liability auto insurance

Liability coverage provides protection from injuries or damage you cause to people or other property by causing an accident. It protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

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. You might see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as pain and suffering, court costs and funeral expenses. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.

Medical costs insurance

Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like nursing services, rehabilitation expenses and funeral costs. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive or Other Than Collision

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 coverage pays for things like damage from flooding, damage from a tornado or hurricane, a tree branch falling on your vehicle, falling objects and damage from getting keyed. The maximum payout your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Chevy Cobalt.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.

A tidy conclusion

We covered a lot of ways to shop for 2006 Chevy Cobalt insurance online. The key concept to understand is the more companies you get rates for, the better your comparison will be. You may even discover the biggest savings come from the smaller companies. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

Discount insurance can be bought from both online companies and with local insurance agents, so you should compare both to have the best rate selection. Some insurance coverage companies do not offer the ability to get a quote online and these smaller companies work with independent agents.

When you buy insurance online, it’s very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced liability coverage limits only to find out that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage at an affordable rate.

Additional insurance coverage information can be found below: