How Much Does 2007 Chevrolet Colorado Car Insurance Cost?

If shopping for insurance quotes online is new to you, chances are good that you are baffled by the diversity insurance agents and companies that all promise to save you money.

It’s a good idea to compare rates quite often since insurance prices go up and down regularly. Just because you found the lowest rates for Colorado coverage at your last renewal you can probably find a lower rate today. Block out anything you think you know about car insurance because you’re going to learn how to use the internet to lower your annual insurance bill.

Discounts can really help to save

Some insurance providers don’t always advertise every available discount very well, so the list below details both the well known and also the lesser-known credits available to lower your premiums when you buy insurance online. If you don’t get every credit you deserve, you’re just leaving money on the table.

• Defensive Driving Course – Passing a class that teaches safe driver techniques is a good idea and can lower rates and easily pay for the cost of the class.
• Own a Home – Being a homeowner may earn you a small savings because maintaining a house means you have a higher level of financial diligence.
• Auto/Home Discount – If you have multiple policies with one company you may save approximately 10% to 15%.
• Waiver for an Accident – but companies like Geico and Allstate allow you one accident without the usual rate increase so long as you haven’t had any claims for a set time period.
• Multi-car Discount – Buying coverage for primary and secondary vehicles on one policy can reduce the rates for all insured vehicles.
• Responsible Driver Discounts – Insureds who avoid accidents can get discounts for up to 45% lower rates for Colorado coverage as compared to drivers with claims.
• Switch and Save Discount – A few insurance companies allow discounts for buying a new policy prior to your current policy expiring. Ten percent is about the average savings.
• Seat Belts Save more than Lives – Requiring all passengers to buckle up before driving can save a little off the personal injury premium cost.
• College Student Discount – Children who live away from home at college and do not have access to a covered vehicle could qualify for this discount.

Drivers should understand that some of the credits will not apply the the whole policy. The majority will only reduce individual premiums such as medical payments or collision. So despite the fact that it appears you can get free auto insurance, you’re out of luck.

To find insurance coverage companies with the best discounts, click here.

Affordable insurance coverage price quotes online

There are a lot of ways to shop for insurance coverage, and some are more efficient than others. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you can stay home and use the web to get pricing more quickly.

The majority of car insurance companies enroll in a system where insurance shoppers only type in their quote data once, and each company can give them a price determined by their information. This system prevents you from having to do form submissions to every company.

To use this form to compare rates click here to start a free quote.

The only downside to using this type of form is buyers cannot specifically choose the companies you will receive quotes from. So if you want to select specific providers for rate comparison, we have a listing of the cheapest insurance coverage companies in your area. Click here to view list.

Whichever method you choose, make sure you use exactly the same quote information for each price quote. If each company quotes different liability limits it will be impossible to decipher which rate is best. Just a small difference in coverages may cause a big price difference. And when comparing insurance coverage rates, know that having more price comparisons will improve the odds of getting a lower rate than you’re paying now.

Insurance price influencing factors

Multiple criteria are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, but other factors are not as apparent like your vehicle usage or how safe your car is.

• Long commutes cost more – The higher the mileage driven in a year’s time the more you will pay for car insurance. A lot of companies rate vehicles based upon how you use the vehicle. Cars and trucks that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. An improperly rated Colorado can result in significantly higher rates. Ask your agent if your vehicle rating shows the right rating data, because improper ratings can cost you money.
• Physical damage deductibles are a factor – Insurance for physical damage, also called ‘full coverage’, protects your Chevy from damage. Examples of some claims that would be covered would be colliding with a building, vandalism, and having your car stolen. Comp and collision deductibles represent how much money you are willing to pay if the claim is covered. The more you have to pay, the less your company will charge you for insurance for Colorado coverage.
• Can a thief steal your car? – Choosing a vehicle with a theft deterrent system can help lower your rates. Systems that thwart theives like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder auto theft.
• Frequent policy claims increase car insurance rates – Companies give cheaper rates to people who are claim-free. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Insurance coverage is meant to be used in the event of claims that pose a financial burden.
• Do you need those incidental coverages? – There are a ton of optional add-on coverages that sound like a good idea at the time if you aren’t diligent. Things like coverage for rental cars, towing, and additional equipment coverage are probably not needed. These may sound like a good investment at first, but if you don’t need them think about removing them and cutting costs.
• The higher your credit rating the lower your costs – Having a bad credit score will be a significant factor in your rate calculation. If your credit leaves room for improvement, you could potentially save money when insuring your 2007 Chevrolet Colorado by improving your credit score. Insureds that have very high credit ratings tend to be less risk to insure than drivers with bad credit.
• Being married is a bonus – Your spouse may save some money on car insurance. It translates into being more stable financially and it’s statistically proven that married drivers tend to file fewer claims.

Will just any policy work for me?

When choosing coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is unique.

These are some specific questions might point out if your situation would benefit from professional advice.

• Is a blown tire covered by insurance?
• What discounts do I qualify for?
• Are rental cars covered under my policy?
• Is my 2007 Chevy Colorado covered for smoke damage?
• What happens if I owe more than my 2007 Chevy Colorado is worth?
• Is my nanny covered when driving my vehicle?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form.

Coverage specifics

Knowing the specifics of your insurance policy can help you determine the best coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Comprehensive insurance

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a deer, hail damage and damage from flooding. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability coverages

This protects you from damage or injury you incur to other people or property that is your fault. This coverage protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.

Liability coverage protects against claims like loss of income, bail bonds, legal defense fees 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 insurance

Collision insurance pays for damage to your Colorado resulting from a collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as colliding with another moving vehicle, hitting a parking meter, crashing into a ditch and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Colorado.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as X-ray expenses, surgery and funeral costs. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Be a money saver!

People leave their current company for any number of reasons including extreme rates for teen drivers, delays in responding to claim requests, denial of a claim and even high prices. It doesn’t matter what your reason, finding a great new company is less work than it seems.

Cheaper 2007 Chevy Colorado insurance can be purchased online and from local insurance agents, so you need to quote insurance with both to get a complete price analysis. There are still a few companies who do not offer online rate quotes and usually these regional insurance providers sell through independent agents.

As you shop your coverage around, you should never reduce coverage to reduce premium. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret at claim time that it was a big mistake. Your strategy should be to buy a smart amount of coverage at an affordable rate.

Other resources

• What if I Can’t Find Coverage? (Insurance Information Insitute)
• What are my Rights when Filing a Claim? (Insurance Information Insitute)
• Distracted Driving Extends Beyond Texting (State Farm)
• Understanding your Policy (NAIC.org)
• Cellphones, Texting and Driving (iihs.org)