2007 Chevrolet Cobalt Car Insurance Rates – 10 Savings Tips

Overpriced Chevrolet Cobalt insurance can take a big chunk out of your savings account and put a big crunch on your finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to cut your insurance bill. Drivers have so many insurers to purchase coverage from, and though it is a good thing to be able to choose, it makes it harder to find a good deal.

It is always a good idea to get comparison quotes on a regular basis because rates are adjusted regularly by insurance companies. Even if you got the lowest rates for Cobalt insurance last year there may be better deals available now. So just block out anything you think you know about auto insurance because you’re going to get a crash course in one of the easiest ways to reduce your cost while increasing coverage.

Cheap Insurance Comparisons

Most companies give coverage price quotes on their websites. The process is fairly straightforward as you just type in your personal and coverage information into the quote form. Once you submit the form, the system sends out for your credit score and driving record and gives you a price quote based on many factors. Being able to quote online makes comparing rates easy, but the process of having to visit many different websites and fill out multiple forms is not the best way to spend an afternoon. But it’s very important to compare as many rates as possible in order to get the best price possible.

A more efficient way to find lower prices utilizes a single form that analyzes rates from a bunch of companies at once. It’s a real time-saver, requires less work, and makes quoting online much more enjoyable. Once the form is submitted, it gets priced and you can select any or none of the returned quotes. If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. It only takes a few minutes and you will find out if you’re overpaying now.

To use this form to compare rates, click here to open in new window and complete the simple form. If you currently have coverage, we recommend you replicate the coverages exactly as they are listed on your policy. Doing this guarantees you will be getting rate comparison quotes based on identical coverages.

Companies offer discounts so take them!

Auto insurance companies do not list every discount very well, so we took the time to find some of the more common and also the lesser-known ways to save on insurance. If you don’t get every credit you qualify for, you’re just leaving money on the table.

  • Discount for Swiching Early – A few companies offer discounts for signing up before your current expiration date. The savings is around 10%.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off your medical payments premium.
  • Payment Discounts – If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Organization Discounts – Participating in a professional or civic organization is a good way to get lower rates on insurance for Cobalt insurance.
  • Drive Safe and Save – Drivers who avoid accidents can pay as much as 50% less for Cobalt insurance than their less cautious counterparts.
  • Defensive Driver – Completing a course in driver safety could cut 5% off your bill and easily recoup the cost of the course.
  • Low Mileage – Fewer annual miles on your Chevy could be rewarded with discounted rates on garaged vehicles.
  • Good Student Discount – Getting good grades can save 20 to 25%. This discount can apply well after school through age 25.
  • Anti-theft System – Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
  • Federal Employees – Active or retired federal employment can save as much as 8% for Cobalt insurance with a few insurance companies.

It’s important to note that most discounts do not apply to the entire cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. Just because you may think you could get a free insurance policy, it doesn’t quite work that way.

For a list of companies offering insurance discounts, click this link.

Do I just need basic coverages?

When it comes to buying proper insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance should reflect that These are some specific questions may help you determine if your insurance needs might need professional guidance.

  • Do I need roadside assistance coverage?
  • Am I covered when pulling a rental trailer?
  • When should my teen driver be added to my policy?
  • Is other people’s property covered if stolen from my vehicle?
  • What is the difference between comprehensive and collision coverage?
  • What is an SR-22 filing?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Don’t be fooled by advertising claims

Consumers can’t get away from ads for car insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. All the companies make an identical promise that you can save if you change your policy.

How does each company make almost identical claims?

Insurance companies have a preferred profile for the type of driver that makes them money. For example, a preferred risk might be over the age of 40, a clean driving record, and drives less than 10,000 miles a year. Any new insured who fits that profile is entitled to the best price and is almost guaranteed to cut their rates substantially.

Drivers who do not match this ideal profile will have to pay a more expensive rate and this can result in business not being written. The ads state “people who switch” not “people who quote” save that kind of money. That’s the way companies can truthfully advertise the way they do. Because of the profiling, drivers should compare as many rates as you can. It’s just too difficult to predict the company that will fit your personal profile best.

Insurance coverages 101

Understanding the coverages of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring. Listed below are the normal coverages available from insurance companies.

Comprehensive coverage

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a deer, fire damage, a tree branch falling on your vehicle and vandalism. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for things like surgery, nursing services and prosthetic devices. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Cobalt.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

Liability coverage

Liability coverage will cover damage that occurs to a person or their property in an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.

Liability insurance covers things like loss of income, court costs, medical services and attorney fees. How much liability should you purchase? That is up to you, but consider buying as high a limit as you can afford.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims like damaging your car on a curb, crashing into a ditch and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.

Keep this in mind

We’ve covered a lot of techniques to shop for 2007 Chevy Cobalt insurance online. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest priced auto insurance comes from a company that doesn’t do a lot of advertising. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like State Farm or Progressive.

Low-cost insurance can be purchased both online as well as from independent agents, so compare prices from both to have the best selection. Some auto insurance companies don’t offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

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