How Much Does 2006 Chevrolet Colorado Insurance Cost?

Want cheaper car insurance rates for your Chevrolet Colorado? Nobody enjoys paying for car insurance, in particular when their premiums are through the roof. Big companies like Progressive, State Farm and Geico continually bombard you with ads and it is difficult to ignore the promise of big savings and take the time to shop coverage around.

It is always a good idea to do rate comparisons every six months because rates are adjusted regularly by insurance companies. Just because you had the best rates for Colorado insurance two years ago you can probably find a better price now. So forget all the misinformation about car insurance because you’re going to get a crash course in the best way to find better rates and still maintain coverage.

Insurance Prices Online

Performing a rate comparison can take hours if you aren’t aware of the best way to get rate quotes. You can spend your afternoon talking to insurance companies in your area, or you could save time and use the internet to maximize your effort.

Many of the larger companies belong to a marketplace where insurance shoppers submit one quote, and at least one company can give them a price based on that data. This system prevents you from having to do quote forms to each company.

To compare 2006 Chevy Colorado rates using this form now click here to start a free quote.

The one disadvantage to comparing rates this way is you cannot specify which companies you want to price. So if you want to select individual companies to compare prices, we put together a list of insurance companies in your area. Click to view list.

Whichever way you use, ensure you are comparing exactly the same coverages and limits on every quote. If you enter mixed coverages it will be very difficult to find the best deal for your Chevy Colorado.

Cut your premium with discounts

Auto insurance companies don’t always advertise every discount very well, so we took the time to find some of the best known and the more hidden discounts you could be receiving. If you don’t get every credit you deserve, you’re paying more than you need to.

  • Accident Waiver – Certain companies will allow you to have one accident before raising your premiums as long as you don’t have any claims prior to the accident.
  • Early Switch Discount – Select companies give a discount for switching to them before your current expiration date. It’s a savings of about 10%.
  • No Claims – Claim-free drivers can save substantially compared to accident-prone drivers.
  • Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts of more than 20%.
  • Student in College – Youth drivers who are attending college and don’t have a car can be insured at a reduced rate.
  • Homeowners Pay Less – Owning a house may earn you a small savings because maintaining a house requires personal responsibility.

Consumers should know that most of the big mark downs will not be given to the entire cost. A few only apply to specific coverage prices like comp or med pay. So even though it sounds like all the discounts add up to a free policy, it just doesn’t work that way.

To see a list of providers who offer car insurance discounts, follow this link.

Factors that can influence insurance rates for a Chevy Colorado

Smart consumers have a good feel for some of the elements that play a part in calculating your auto insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that may reward you with better auto insurance rates.

  • High deductibles save money – Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your Chevy from damage. Examples of covered claims would be collision with another vehicle, damage from fire, or theft. Your deductibles are the amount of money you are required to spend out-of-pocket before a claim is paid by your company. The higher the amount you’re willing to pay, the less your company will charge you for insurance for Colorado insurance.
  • Your age impacts your rates – Older drivers are more cautious drivers, file fewer claims and are safer drivers. Young drivers are known to get distracted easily behind the wheel therefore auto insurance rates are much higher.
  • Women pay lower rates – Statistics show women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes are in accidents in similar percentages, but men cause more damage. Men also get more serious tickets like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and thus pay the highest rates.
  • Your stress level may be raising your rates – Did you know your occupation can influence how much you pay for auto insurance? Careers like real estate brokers, architects and financial analysts tend to pay higher average rates because of job stress and lots of time spent at work. Conversely, occupations like pilots, engineers and homemakers have the lowest average rates for Colorado insurance.

What is the best insurance coverage?

When it comes to choosing the best insurance coverage, there really is not a one size fits all plan. Every insured’s situation is different and your policy should reflect that. For instance, these questions may help highlight whether or not you would benefit from professional advice.

  • Which companies will insure high-risk drivers?
  • Am I covered if hit by an uninsured driver?
  • Can I rent a car in Mexico?
  • Will my insurance pay for OEM parts?
  • Do I need roadside assistance coverage?
  • Do I pay less if my vehicle is kept in my garage?
  • Do I get a pro-rated refund if I cancel my policy early?
  • How many claims can I have before being cancelled?
  • Do I have coverage if my license is suspended?
  • When should my teen driver be added to my policy?

If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, 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.

Save $495 a year. For real?

Consumers constantly see and hear ads that promise big savings by companies like Progressive, Geico, Allstate and State Farm. All the ads make an identical promise about savings after switching to them.

But how can every company claim to save you money?

Different companies have a preferred profile for the type of driver that makes them money. For example, a preferred risk could possibly be between 25 and 40, insures multiple vehicles, and has excellent credit. Any new insured who fits that profile gets the lowest rates and most likely will save quite a bit of money when switching.

Potential customers who don’t qualify for the requirements will have to pay more money which usually ends up with business going elsewhere. The ads state “drivers who switch” not “people who quote” save money. This is how insurance companies can claim big savings. Because of the profiling, drivers should get as many comparisons as possible. It’s impossible to know which company will provide you with the cheapest Chevy Colorado insurance rates.

Insurance coverages explained

Knowing the specifics of your policy aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverages offered by insurance companies.

Coverage for liability – Liability coverage will cover damage that occurs to other people or property. It protects YOU from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which means $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 can pay for things like emergency aid, loss of income and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist (UM/UIM) – This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your Chevy Colorado.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Med pay and Personal Injury Protection (PIP) – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as pain medications, ambulance fees and prosthetic devices. They are utilized in addition to your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP is not universally available but it provides additional coverages not offered by medical payments coverage

Collision coverage – Collision insurance covers damage to your Colorado from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as sustaining damage from a pot hole, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.

Comprehensive insurance – This covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hail damage, a broken windshield and fire damage. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

A fool and his money are soon parted

As you restructure your insurance plan, you should never buy lower coverage limits just to save a few bucks. In too many instances, consumers will sacrifice comprehensive coverage or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at the best price while not skimping on critical coverages.

Cheaper 2006 Chevy Colorado insurance can be found on the web as well as from independent agents, and you need to price shop both in order to have the best price selection to choose from. Some companies don’t offer the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

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