View 2006 Chevrolet Colorado Car Insurance Cost

Searching for lower insurance coverage rates for your Chevrolet Colorado? Have you fallen victim to high-priced insurance coverage? Trust us, there are many consumers feeling the pinch from expensive insurance coverage. You have so many car insurance companies to insure vehicles with, and although it’s nice to have multiple companies, having more insurance companies makes it harder to find a good deal.

Buying car insurance is not that difficult. If you are paying for car insurance now, you stand a good chance to be able to save some money using these methods. Drivers just need to learn the best way to get comparison quotes over the internet.

Factors that can influence insurance rates for a Chevy Colorado

Smart consumers have a good feel for the rating factors that help determine auto insurance rates. Understanding what impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

The following are a partial list of the pieces that factor into premiums.

  • How’s your driving record? – Whether or not you get tickets has a lot to do with how much you pay for insurance. Careful drivers get better rates than bad drivers. Only having one citation can boost insurance rates by twenty percent. Drivers with serious tickets such as reckless driving, hit and run or driving under the influence are required to submit a SR-22 form with their state motor vehicle department in order to continue driving.
  • Pleasure use or commuting – Driving more miles every year the higher your rates will be. Most insurance companies charge to insure your cars determined by how the vehicle is used. Cars left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. An improperly rated Colorado can result in significantly higher rates. Make sure your auto insurance coverage shows the proper vehicle usage.
  • Where you reside plays a part – Being located in a small town can save you money when insuring your vehicles. Drivers who live in large cities have to deal with traffic congestion and much longer commute distances. Fewer people means a lower chance of having an accident as well as less vandalism and auto theft.
  • Choose a safe vehicle and save – Vehicles with good safety scores can get you lower premiums. Safe vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies and thus lower rates. If your Chevy Colorado has ratings of a minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
  • Equipment add-ons that lower auto insurance rates – Purchasing a vehicle with anti-theft technology or alarm system can save you a little every year. Theft prevention devices such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your car from being stolen.
  • Don’t sacrifice liability coverage – Liability insurance provides coverage when a court rules you are at fault for causing damage or personal injury in an accident. It provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so do not cut corners here.
  • Younger drivers pay higher rates – Teen drivers tend to be careless and easily distracted in a vehicle so auto insurance rates are higher. Mature drivers are more cautious drivers, tend to file fewer claims and get fewer tickets.

Save with discounts on 2006 Chevy Colorado insurance

Car insurance companies don’t always list all their discounts very clearly, so the following is a list of both the well known and the more hidden ways to save on insurance. If you’re not getting every credit available, you’re just leaving money on the table.

  • Theft Prevention System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Seat Belts Save – Requiring all passengers to buckle their seat belts can save up to 15% off the personal injury premium cost.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less on Colorado insurance than drivers with accident claims.
  • Sign Online – Some insurance companies will give a small break simply for signing online.
  • Student Driver Training – Have your child successfully complete driver’s ed class in high school.
  • Anti-lock Brakes – Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Resident Student – Children living away from home attending college and do not have a car may qualify for this discount.
  • Fewer Miles Equal More Savings – Driving fewer miles could qualify for lower rates on the low mileage vehicles.

A little note about advertised discounts, most credits do not apply to the entire cost. Most cut the price of certain insurance coverages like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, companies don’t profit that way.

For a list of insurance companies with the best insurance discounts, click here.

Misconceptions in insurance coverage advertisements

Consumers constantly see and hear ads for the lowest price auto insurance by companies like Progressive, Allstate and GEICO. They all have a common claim that you’ll save big if you change to them.

How can each company make almost identical claims?

All the different companies have a preferred profile for the right customer that is profitable for them. A good example of a profitable customer might be between the ages of 30 and 50, a clean driving record, and has great credit. A driver that hits that “sweet spot” will get the preferred rates and therefore will save when switching.

Potential customers who don’t meet the “perfect” profile must pay more money which leads to business not being written. Company advertisements say “drivers who switch” not “everybody who quotes” save that kind of money. This is how companies can truthfully make those claims. This illustrates why you should get as many comparisons as possible. You cannot predict the company that will provide you with the cheapest Chevy Colorado insurance rates.

Tailor your coverage to you

When it comes to buying the right insurance coverage, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions may help you determine whether or not you might need professional guidance.

  • When should I remove comp and collision on my 2006 Chevy Colorado?
  • Does insurance cover damages from a DUI accident?
  • Do I benefit by insuring my home with the same company?
  • Can my teen drive my company car?
  • Am I covered when pulling a rental trailer?
  • How can I force my company to pay a claim?
  • When should I buy a commercial auto policy?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Does having multiple vehicles earn me a discount?
  • Is my vehicle covered by my employer’s policy when using it for work?

If it’s difficult to answer those questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.

Coverages available on your insurance policy

Understanding the coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by insurance companies.

Liability coverages

This can cover injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.

Liability coverage protects against claims such as legal defense fees, pain and suffering, attorney fees, structural damage and medical expenses. How much coverage you buy is your choice, but you should buy as high a limit as you can afford.

Collision insurance

Collision insurance will pay to fix damage to your Colorado resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for things such as colliding with a tree, driving through your garage door, sustaining damage from a pot hole, scraping a guard rail and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.

Medical expense coverage

Med pay and PIP coverage provide coverage for expenses for things like chiropractic care, pain medications, hospital visits, dental work and nursing services. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Uninsured or underinsured coverage

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.

Since 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 very important.

Comprehensive protection

Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for claims such as a tree branch falling on your vehicle, fire damage, a broken windshield, vandalism and hitting a bird. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

A penny saved is a penny earned

As you restructure your insurance plan, do not reduce needed coverages to save money. There are a lot of situations where someone dropped comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. Your goal should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.

Affordable 2006 Chevy Colorado insurance can be found on the web in addition to many insurance agents, so you should compare both so you have a total pricing picture. Some companies do not provide online quoting and most of the time these smaller companies sell through independent agents.

In this article, we presented many tips how you can shop for insurance online. The key concept to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premiums are with a small local company. Some small companies may only write in your state and offer lower rates compared to the large companies like Allstate and Progressive.

More information can be found at the links below