Lower Your 2005 Chevrolet Cobalt Car Insurance Cost

Searching for cheaper insurance for a Chevy Cobalt can be an all-consuming task, but you can use our auto insurance buying tips to find lower rates.

There is a better way to buy auto insurance so we’re going to tell you the quickest way to quote coverages for your Chevy and get the best price possible from local insurance agents and online providers.

It’s a good idea to take a look at other company’s rates yearly because rates are constantly changing. Even if you think you had the best price for Cobalt insurance two years ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because you’re about to find out the things you must know in order to reduce your cost while improving coverage.

If you are insured now or need new coverage, you can use these tips to reduce the price you pay and still get good coverage. Buying affordable insurance coverage can be fairly easy. Consumers only need to know the proper methods to get comparison quotes online.

Compare the Market for Car Insurance

Performing a rate comparison can be challenging if you aren’t aware of the fastest way to get free quotes. You can waste a few hours (or days) driving to insurance companies in your area, or you could use online quoting to get rates in a matter of minutes.

Many of the larger companies belong to an insurance system where prospective buyers submit one quote, and every company can provide price quotes. This prevents consumers from doing repetitive form submissions for each company.

To find out how much you can save on car insurance click here (opens in new window).

The one downside to using this type of form is that consumers can’t choose which providers to get quotes from. If you prefer to choose specific insurance companies to compare rates, we have assembled a list of car insurance companies in your area. Click to view list.

It’s up to you which method you use, but compare identical coverage limits for every quote you compare. If you are comparing mixed coverages you will not be able to determine which rate is truly the best.

Don’t believe everything you hear

Consumers constantly see and hear ads for car insurance savings by State Farm, Geico and Progressive. All the ads make an identical promise that you’ll save big if you switch to their company.

How does each company claim to save you money? It’s all in the numbers.

All the different companies are able to cherry pick for the type of customer they prefer to insure. For example, a driver they prefer could possibly be between the ages of 30 and 50, is a homeowner, and drives newer vehicles. Any driver who matches those parameters gets the lowest rates and therefore will cut their rates substantially.

Drivers who don’t qualify for these standards must pay more money and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully make the claims of big savings.

This illustrates why it is so important to get as many quotes as possible. It is impossible to predict which insurance coverage company will fit your personal profile best.

Discounts to lower 2005 Chevy Cobalt insurance rates

Car insurance can cost a lot, but discounts can save money and there are some available to help bring down the price. Larger premium reductions will be automatically applied at the time you complete a quote, but less common discounts must be asked about in order for you to get them. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Student in College – Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • Accident Waiver – Some insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Fewer Miles Equal More Savings – Driving fewer miles could qualify for discounted rates on garaged vehicles.
  • Sign Early and Save – Select companies give a discount for switching to them before your current policy expires. It can save you around 10%.
  • Service Members Pay Less – Having a deployed family member may qualify for rate reductions.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as medical payments or collision. So when it seems like you can get free auto insurance, companies don’t profit that way. Any qualifying discounts will cut your premiums.

For a list of insurers who offer insurance discounts, click here to view.

Tailor your coverage to you

When buying the best auto insurance coverage, there really is no “best” method to buy coverage. Each situation is unique.

Here are some questions about coverages that can help discover if your situation would benefit from professional advice.

  • Does my policy pay for OEM or aftermarket parts?
  • Is extra glass coverage worth it?
  • Do I need special endorsements for business use of my vehicle?
  • I have a DUI can I still get coverage?
  • Should I drop comprehensive coverage on older vehicles?
  • Does coverage extend to Mexico or Canada?
  • Is pleasure use cheaper than using my 2005 Chevy Cobalt to commute?
  • Am I covered if I crash into my own garage door?
  • Do I need higher collision deductibles?
  • Is rental equipment covered for theft or damage?

If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Coverages available on your policy

Having a good grasp of a insurance policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Liability coverages

This coverage can cover damage or injury you incur to a person or their property by causing an accident. It protects you from claims by other people. Liability 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. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability can pay for claims like legal defense fees, attorney fees, funeral expenses and emergency aid. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like ambulance fees, prosthetic devices and nursing services. They are often used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Chevy Cobalt.

Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Auto collision coverage

Collision coverage covers damage to your Cobalt resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as hitting a mailbox, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider dropping it from lower value vehicles. You can also raise the deductible to bring the cost down.

Comprehensive protection

This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for claims like rock chips in glass, hail damage, fire damage, hitting a bird and damage from flooding. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Quote more, save more

People change insurance companies for a number of reasons such as delays in responding to claim requests, lack of trust in their agent, unfair underwriting practices or high prices. Regardless of your reason, finding a new car insurance company can be easy and end up saving you some money.

We covered many tips how you can compare 2005 Chevy Cobalt insurance prices online. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may discover the lowest premiums are with some of the lesser-known companies.

As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many cases where an insured cut collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.

Much more information about car insurance is available at the links below