Cheapest 2016 Chevrolet Colorado Insurance Rates in 2023
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UPDATED: Sep 2, 2022
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Looking for better auto insurance rates for your Chevrolet Colorado? Trying to come up with a payment for pricey auto insurance can empty your monthly budget and force you to cut corners elsewhere. Performing a rate comparison is a smart way to lower your bills every month.
Big companies like GEICO, Farmers Insurance and State Farm all claim big savings with catchy ads and it is difficult to separate fact from fiction and take the time to shop coverage around.
Take policy discounts and save
The cost of insuring your cars can be expensive, but you might be missing out on some discounts that you may not even be aware of. Certain discounts will be applied when you purchase, but less common discounts must be asked about before you get the savings. If you do not double check each discount you qualify for, you are throwing money away.
- Discount for Good Grades – Excelling in school could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
- Discounts for Multiple Vehicles – Buying a policy with multiple cars or trucks with one company can get a discount on all vehicles.
- Auto/Home Discount – If you combine your homeowners and auto policies and insure them with the same company you may save up to 20% off your total premium.
- Onboard Data Collection – Drivers who elect to allow their company to scrutinize when and where they use their vehicle by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive may get a rate reduction as long as the data is positive.
- ABS Brakes – Cars, trucks, and SUVs equipped with ABS or steering control are much safer to drive and therefore earn up to a 10% discount.
- Driver Education Discount – Teen drivers should enroll and complete driver’s education in school.
- Pay Early and Save – By paying your entire bill at once rather than spreading payments over time you may have a lower total premium amount.
- Paper-free Discount – A handful of companies will give a small break get insurance over the internet.
As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. The majority will only reduce specific coverage prices like comprehensive or collision. Despite the appearance that you could get a free auto insurance policy, company stockholders wouldn’t be very happy.
Car insurance companies that have most of these discounts possibly include:
It’s a good idea to ask all companies you are considering which discounts they offer. Depending on the company, some discounts might not be available to policyholders everywhere.
Low cost auto insurance price quotes online
Most of the larger companies such as Progressive, Allstate and GEICO allow you to get pricing online. Getting prices online is quite easy as you just type in your required coverages into the quote form. Upon sending the form, the quote system sends out for reports for credit and driving violations and quotes a price based on these factors. Online quotes makes it simple to compare prices but having to visit many different websites and type in the same information can be a bit tiresome and repetitive. But it’s very important to perform this step in order to get the lowest possible prices on auto insurance.
There is an easier way to compare rates
The smarter way to lower your rates uses one simple form that gets prices from a lot of companies. It saves time, eliminates form submissions, and makes rate comparisons much easier. After sending your information, your coverage is rated and you can select any or none of the resulting price quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase the new policy. The entire process takes just a few minutes to complete and may result in a nice savings.
To find out what other companies charge, simply click here to open in new window and submit your coverage information. If you have coverage now, it’s recommended that you enter the coverage information identical to your current policy. Doing this assures you are getting rate comparison quotes based on the exact same insurance coverage.
Which policy gives me the best coverage?
When choosing the best car insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique so your insurance needs to address that. These are some specific questions might point out if you may require specific advice.
- How do I buy GAP insurance?
- Is a new car covered when I drive it off the dealer lot?
- Are my friends covered when driving my 2016 Chevy Colorado?
- Am I insured when driving a different vehicle?
- Do I pay less for low miles?
- Can I rate high risk drivers on liability-only vehicles?
- Will my rates increase for filing one claim?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.
Car insurance coverages for a Chevy Colorado
Having a good grasp of auto insurance can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverages offered by auto insurance companies.
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Medical expense insurance – Coverage for medical payments and/or PIP kick in for immediate expenses like pain medications, funeral costs, chiropractic care, surgery and EMT expenses. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive (Other than Collision) – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as hitting a deer, damage from flooding, hitting a bird and falling objects. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers – This protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and damage to your Chevy Colorado.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.
Liability – Liability insurance provides protection from damage that occurs to people or other property in an accident. It protects YOU against claims from other people. Liability doesn’t cover your injuries or vehicle damage.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property.
Liability insurance covers things such as structural damage, pain and suffering and funeral expenses. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.
Collision – This coverage pays for damage to your Colorado caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things like hitting a mailbox, crashing into a ditch, colliding with a tree and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Be a money saver!
Cheap 2016 Chevy Colorado insurance is definitely available on the web in addition to local insurance agencies, so you need to shop insurance with both in order to have the best price selection to choose from. Some insurance providers do not offer online price quotes and many times these smaller companies work with independent agents.
Throughout this article, we presented quite a bit of information on how to compare 2016 Chevy Colorado insurance premium rates online. The key thing to remember is the more price quotes you have, the better your chances of lowering your prices. You may even find the most savings is with some of the smallest insurance companies. These companies may often insure only within specific states and give getter rates than the large multi-state companies such as GEICO and State Farm.
Use our FREE quote tool to compare rates now!
For more information, take a look at the resources below:
- Choosing a Car for Your Teen (State Farm)
- How to Avoid Common Accidents (State Farm)
- Eight Auto Insurance Myths (Insurance Information Insitute)
- Older Drivers FAQ (iihs.org)
- Get the Right Protection (InsureUonline.org)
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