2004 Chevrolet Colorado Car Insurance Rates – 8 Ideas for Cheaper Quotes

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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Written by Jeffrey Johnson
Insurance Lawyer Jeffrey Johnson

UPDATED: Apr 3, 2020

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Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their car insurance policy.

Online insurance companies like State Farm and GEICO continually hit you with ads and consumers find it hard to not get sucked in by the cute commercials and take the time to shop coverage around.

It’s smart to compare prices every six months due to the fact that insurance rates change frequently. Just because you found the best deal for Colorado insurance a couple years back you will most likely find a better rate today. You can find a lot of wrong information about car insurance online but we’re going to give you the best ways to find affordable car insurance.

Automobile Insurance Quotes

Most companies like Progressive, GEICO, Allstate and State Farm give pricing directly from their websites. Getting online rates is quite easy as you simply enter the coverages you want as detailed in the form. When the form is submitted, their system automatically retrieves credit information and your driving record and provides a quote based on these and other factors. This makes it a lot easier to compare rates but the time required to go to a lot of sites and fill out multiple forms is monotonous and tiresome. Unfortunately, it is important to get many rate quotes if you are searching for a better rate.

Quote rates the easy way

A quicker way to lower your insurance coverage bill uses one form to return rates from several different companies. It’s a real time-saver, eliminates form submissions, and makes quoting online much easier to do. As soon as the form is sent, your coverage is rated and you can choose any one of the quotes returned. If a lower price is quoted, you can click and sign and buy the new coverage. This process takes 15 minutes at the most and you will find out if you’re overpaying now.

To quickly find out what other companies charge, simply click here to open in new window and begin entering your coverage information. If you have coverage now, it’s recommended that you enter the limits and deductibles just like they are on your policy. This guarantees you will get an apples-to-apples comparison based on similar coverages.

Do you qualify for these eight discounts?

Companies don’t always publicize every discount in a way that’s easy to find, so we researched both well-publicized and also the lesser-known ways to save on insurance coverage.

  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education in high school.
  • Federal Employees – Active or retired federal employment may qualify you for a discount for Colorado insurance with a few insurance coverage companies.
  • Multiple Vehicles – Buying coverage for multiple vehicles on the same insurance coverage policy can get a discount on all vehicles.
  • Drive Less and Save – Driving fewer miles could qualify for a substantially lower rate.
  • Own a Home – Owning a home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Accident Free – Claim-free drivers can earn big discounts as compared to accident-prone drivers.
  • Payment Discounts – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Military Rewards – Being deployed with a military unit can result in better rates.

A little note about advertised discounts, most credits do not apply the whole policy. Most only cut individual premiums such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, insurance coverage companies aren’t that generous.

For a list of companies offering insurance coverage discounts, click here to view.

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Don’t assume everyone needs the same coverage

When it comes to buying the right insurance coverage, there really is no cookie cutter policy. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can help discover whether or not you would benefit from professional advice.

  • Am I insured when driving a different vehicle?
  • Do I need added coverage for expensive stereo equipment?
  • Do I have coverage for damage caused while driving under the influence?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Why am I required to get a high-risk car insurance policy?
  • If my pet gets injured in an accident are they covered?

If you don’t know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.

Insurance coverage considerations

Understanding the coverages of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement. Listed below are the normal coverages found on most insurance policies.

Liability coverage

Liability insurance provides protection from injuries or damage you cause to people or other property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 25/50/25 which means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for claims such as loss of income, attorney fees, pain and suffering, emergency aid and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Uninsured/Underinsured Motorist coverage

This provides protection when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 2004 Chevy Colorado.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.

Collision insurance

This coverage will pay to fix damage to your Colorado resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as backing into a parked car, colliding with a tree, crashing into a building and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical payments coverage and PIP

Med pay and PIP coverage pay for bills for X-ray expenses, doctor visits, chiropractic care, nursing services and EMT expenses. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay

Comprehensive coverage

Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims such as rock chips in glass, theft, fire damage, hitting a deer and hitting a bird. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.

Find Good Coverage for Less

Lower-priced 2004 Chevy Colorado insurance can be bought on the web as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies don’t offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

As you shop your coverage around, it’s a bad idea to reduce needed coverages to save money. In many instances, consumers will sacrifice liability coverage limits to discover at claim time that they should have had better coverage. Your focus should be to buy enough coverage for the lowest price while still protecting your assets.

Additional information can be found at the links below

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