Cheapest Riverside Chevy Colorado Insurance

Statistics show that most insurance buyers kept their coverage with the same insurance company for four years or more, and virtually 40% of consumers have never even compared rates from other companies. Many drivers in Riverside could cut their rates by up to $470 a year by just shopping around, but they don’t know the amount of savings they would get if they replace their high priced policy.

The best way we recommend to quote cheaper Chevy Colorado insurance in Riverside is to start comparing prices regularly from insurers that sell auto insurance in California.

• Step 1: Spend some time learning about policy coverages and the factors you can control to keep rates low. Many factors that cause rate increases such as traffic tickets, fender benders, and a low credit score can be remedied by making minor changes in your lifestyle. Continue reading for information to help keep rates affordable and find additional discounts you may qualify for.
• Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from a single company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple companies.
• Step 3: Compare the price quotes to your existing rates and see if you can save money. If you find a lower rate quote, make sure there is no coverage gap between policies.

An important note is to make sure you enter the same amount of coverage on every quote request and and to get price quotes from as many different companies as possible. Doing this guarantees an apples-to-apples comparison and a complete selection of prices.

How do Insurers Determine Chevy Colorado Insurance Premiums?

A large part of saving on insurance is knowing some of the factors that go into determining your insurance rates. If you understand what determines premiums, this allows you to make good choices that will entitle you to better insurance rates. Many factors are considered when you get a price on insurance. A few of the factors are predictable such as your driving record, although some other factors are not as apparent such as your credit history or your commute time.

Listed below are a partial list of the pieces companies use to determine your rates.

Consolidate and save – Most larger insurance companies afford discounts for people that have more than one policy such as combining an auto and homeowners policy. Discounts can add up to five, ten or even twenty percent. Even if you qualify for this discount already, drivers will still want to shop around to help ensure you have the lowest rates.

Discounts for married couples – Getting married may save some money on your insurance policy. Having a significant other is viewed as being more financially stable and statistics show being married results in fewer claims.

Is your car built for speed? – The performance of the vehicle you are insuring makes a substantial difference in your auto insurance rates. The cheapest insurance rates are usually for the lowest performance passenger cars, but the cost you end up paying is determined by many additional factors.

The following data assumes a single male driver age 20, full coverage with $1000 deductibles, and no discounts or violations. The data compares Chevrolet Colorado policy rates compared to other models that have different risk factors.

Cars with good safety ratings save money – Safer cars tend to have lower insurance rates. These vehicles protect occupants better and fewer injuries means less money paid by your insurance company which can mean better rates for you. If your Chevy Colorado scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.

Low deductibles cost more – Physical damage protection, also known as collision and other-than-collision, insures against damage to your Chevy. A few examples of covered claims could be colliding with a building, vandalism, and damage caused by flying debris. Comp and collision deductibles define how much you are willing to pay if a covered claim is submitted. The more damage repair cost the insured is willing to pay, the better rate you will receive.

Chevy Colorado insurance claim data – Insurers use historical loss data to help set a rate to offset losses. Vehicles that the data determines to have higher loss trends will cost more for specific coverages. The next table shows the loss history for Chevy Colorado vehicles.

For each insurance policy coverage type, the claim probability for all vehicles as a whole is represented as 100. Numbers that are below 100 represent a good loss history, while percentage values above 100 show a trend for more claims or an increased chance of a larger loss.

Just keep in mind that getting more free quotes helps improve the odds of finding a better price. Not every company allows you to get Riverside Colorado insurance quotes over the internet, so it’s important to compare price estimates from those companies as well.

The car insurance companies shown below have been selected to offer price quotes in Riverside, CA. If multiple companies are listed, it’s a good idea that you visit two to three different companies in order to find the cheapest rates.

Auto insurance analysis for a Chevy Colorado

The coverage table shown below showcases a range of coverage prices for Chevy Colorado models. Learning as much as possible about how auto insurance policy rates are calculated can help drivers make smart choices when buying a car insurance policy.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Price information does not factor in zip code location which can influence premiums noticeably.

An analysis of deductible level

One frequently asked question is how high or low should comp and collision deductibles be. The premium rates below may help you to understand the differences in price when you buy lower versus higher deductibles. The first rate comparisons uses a $250 deductible for physical damage and the second set of rates uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Price estimates do not factor in specific location which can increase or decrease coverage rates noticeably.

We can derive from the above data that using a $250 deductible costs approximately $28 more each month or $336 each year averaged for all Colorado models than requesting the higher $1,000 deductible. Since you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you have at a minimum 27 months between claims, you would save more money if you opt for a higher deductible.

Careless driving habits raise auto insurance rates

The diagram below illustrates how traffic citations and accidents raise Chevy Colorado insurance rates for each age group. The information is based on a married female driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.

Cost comparison with and without full coverage

The illustration below shows the comparison of Chevy Colorado premium costs with full coverage compared to only the California minimum liability coverage. The prices are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied to the premium.

When to eliminate full coverage

There is no definitive formula to stop paying for physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.

For example, let’s assume your Chevy Colorado settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would receive is $8,000 after you pay the deductible. If you are paying in excess of $800 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some cases where removing full coverage is not a good plan. If you still have a lienholder on your title, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should maintain full coverage.

Why you need to buy auto insurance

Despite the high insurance cost for a Chevy Colorado in Riverside, auto insurance is mandatory in California but it also protects more than you think.

First, the majority of states have mandatory liability insurance requirements which means you are required to carry a specific level of liability insurance coverage if you want to drive legally. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your car has a loan, most banks will require you to buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the lender may insure your Chevy at a much higher premium rate and force you to pay a much higher amount than you were paying before.

Third, auto insurance protects both your Chevy and your assets. Insurance will also pay for all forms of medical expenses incurred in an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your policy will pay all costs to repair after the deductible has been paid.

The benefits of carrying adequate insurance more than offset the price you pay, especially if you ever need it. According to a recent study, the average American driver is currently overpaying as much as $750 every year so it’s recommended you shop around once a year at a minimum to save money.

Discounts mean cheaper rates for Chevy Colorado insurance in Riverside

Insurance is not cheap nor is it fun to buy but there may be some discounts to reduce the price significantly. Some discounts will apply when you get a quote, but once in a while a discount must be asked for before being credited.

• Discounts for Seat Belt Usage – Drivers who always wear seat belts and also require passengers to fasten their seat belts can save a little on medical payment and PIP coverage.
• Onboard Data Collection – Insureds that choose to allow driving data collection to spy on vehicle usage by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm might see lower rates as long as the data is positive.
• Discounts for New Vehicles – Buying insurance on a new vehicle is cheaper compared to insuring an older model.
• Driver Training Discounts – Participating in a course that instructs on driving safety is a good idea and can lower rates and also improve your driving technique.
• Paper-free Discount – A few insurance companies provide a small discount get Riverside auto insurance online.
• Lower Rates for Military – Being on active deployment in the military may qualify for rate reductions.
• Discount for Multiple Policies – If you can combine your auto and home policy with one insurance company they may give you a discount of at least 10% off all policies.

As a sidenote, most credits do not apply to your bottom line cost. Some only reduce individual premiums such as comp or med pay. Despite the appearance that all the discounts add up to a free policy, it doesn’t quite work that way.

The chart below shows the comparison of Chevy Colorado insurance costs with and without discounts. The price estimates are based on a male driver, no tickets, no at-fault accidents, California state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, safe-driver, homeowner, and marriage discounts applied.

Large insurance companies and a selection of discounts are included below.

• American Family discounts include accident-free, mySafetyValet, good student, defensive driver, multi-vehicle, and air bags.
• Farm Bureau offers discounts for multi-vehicle, safe driver, good student, youthful driver, 55 and retired, renewal discount, and driver training.
• State Farm has savings for defensive driving training, good driver, driver’s education, passive restraint, and good student.
• Travelers may have discounts that include IntelliDrive, student away at school, early quote, payment discounts, hybrid/electric vehicle, and multi-policy.
• The Hartford offers premium reductions for vehicle fuel type, air bag, driver training, defensive driver, and bundle.
• GEICO has discounts for driver training, multi-policy, five-year accident-free, anti-theft, and membership and employees.
• Progressive includes discounts for online quote discount, good student, continuous coverage, multi-vehicle, and homeowner.

When getting free Riverside auto insurance quotes, it’s a good idea to all companies you are considering which discounts you may be entitled to. Some of the discounts discussed earlier might not be offered in every state. To see a list of insurance companies that can offer you the previously mentioned discounts in California, click this link.

Compare rate quotes but buy from a neighborhood Riverside auto insurance agent

Some consumers still like to go talk to an agent and that is a personal choice. An additional benefit of getting online price quotes is you can get cheap auto insurance rates and also buy local. Supporting neighborhood agents is still important in Riverside.

To find an agent, once you fill out this short form, your coverage information is submitted to participating agents in Riverside that can give you free Riverside auto insurance quotes for your insurance coverage. You won’t even need to even leave your home because quoted prices will be sent to you. You can find lower rates without the usual hassles of price shopping. If for some reason you want to get a rate quote from a particular provider, you just need to visit that company’s website and complete a quote there.

If you would like to find a local agent, it can be helpful to understand the different types of agencies and how they are distinctly different. Agencies in Riverside can either be independent or exclusive depending on the company they work for.

Independent Auto Insurance Agents

Agents that choose to be independent often have many company appointments so they have the ability to put coverage with any number of different companies enabling the ability to shop coverage around. If you want to switch companies, your policy is moved internally and you don’t have to do anything.

If you are comparing auto insurance prices, you absolutely need to contact several independent agencies to maximize your price options.

Featured below is a small list of independent insurance agencies in Riverside that may be able to provide price quotes.

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Exclusive Agents

These type of agents can only write with one company such as Farmers Insurance, State Farm, Allstate, and AAA. They usually cannot provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive agents are well schooled in insurance sales and that can be a competitive advantage.

Shown below are Riverside exclusive insurance agencies that can give you price quote information.

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Selecting a insurance agent shouldn’t rely on just a cheap price quote. Any agent in Riverside should be willing to answer these questions.

• Does the agency have a positive business rating?
• How many years have they been established?
• Is there a Errors and Omissions policy in force?
• Will a damage claim use OEM or aftermarket replacement parts?
• How would your car be valued if totaled?
• Are claim adjusters local or do you have to take your car somewhere else?

After receiving positive feedback to your questions and low cost Chevrolet Colorado insurance quotes, it’s a good possibility that you have found an insurance agency that is a good match to adequately provide auto insurance. It’s important to know that you have the power to cancel your coverage whenever you wish so never feel that you are obligated to any specific agency for any length of time.

Car insurance is unique, just like you

When it comes to adequate coverage, there really is no cookie cutter policy. Each situation is unique.

For instance, these questions might point out whether you might need an agent’s assistance.

• Why am I be forced to buy a membership to get insurance from some companies?
• What is the ISO rating for a Chevy Colorado?
• Is my camper covered by my car insurance policy?
• Is my Chevy Colorado covered if I use it for business?
• Am I covered when driving on a suspended license?
• Are my company tools covered if they get stolen?
• Is business property covered if stolen from my car?

If it’s difficult to answer those 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.

Get the best coverage at the most affordable price

Cost effective Chevy Colorado insurance is possible both online and from local agencies, so get free Riverside auto insurance quotes from both of them to have the best rate selection. Some companies don’t offer the ability to get quotes online and usually these regional insurance providers only sell coverage through independent insurance agents.

Throughout this article, we presented a lot of techniques to lower your Chevy Colorado insurance car insurance rates in Riverside. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your premium rates. Consumers could even find that the most savings is with a small mutual company.

Insureds change insurance companies for a variety of reasons including policy non-renewal, an unsatisfactory settlement offer, unfair underwriting practices and even poor customer service. Regardless of your reason, choosing a new company is not as hard as you think.

More detailed insurance information can be found in the articles below:

• Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
• What Insurance is Cheapest for Electric Cars in Riverside? (FAQ)
• Pickups fall short in headlight tests (Insurance Institute for Highway Safety)
• Vehicle Size and Weight FAQ (iihs.org)