Compare 2020 Chevrolet Colorado Car Insurance Cost in 2024

No sane person loves paying for insurance coverage, especially when they are aware that they could find better prices if they shop around.

Since you have so many companies and agents to choose from, it can be difficult for drivers to pick a lower cost insurance company.

Discount car insurance rates

Car insurance can cost a lot, but you may be missing some discounts to help offset the cost. Some of these discounts will be visible when you get a quote, but less common discounts must be manually applied prior to receiving the credit.

• Discounts for Federal Employees – Simply working for the federal government can save as much as 8% on Colorado insurance with a few car insurance companies.
• College Student – who live away from home to go to college without a vehicle on campus may qualify for this discount.
• Drivers Education – Reduce the cost of insurance for teen drivers by having them participate in a local driver’s education class if it’s offered in school.
• Active Service Discounts – Being on active duty in the military may lower your premium rates slightly.
• No Charge for an Accident – This isn’t a discount exactly, but certain companies will let one accident slide without getting socked with a rate hike if your claims history is clear for a set time period.

We need to note that most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like liability and collision coverage. Just because you may think you could get a free car insurance policy, nobody gets a free ride.

A few of the larger companies and some of the discounts are:

• State Farm offers discounts including student away at school, anti-theft, good driver, defensive driving training, Steer Clear safe driver discount, and driver’s education.
• Farmers Insurance may offer discounts for alternative fuel, electronic funds transfer, youthful driver, pay in full, bundle discounts, homeowner, and multi-car.
• GEICO includes discounts for air bags, driver training, daytime running lights, multi-vehicle, anti-theft, and multi-policy.
• American Family has savings for TimeAway discount, defensive driver, bundled insurance, mySafetyValet, good student, multi-vehicle, and accident-free.
• Nationwide may include discounts for multi-policy, good student, anti-theft, accident-free, and easy pay.
• Progressive may have discounts that include good student, continuous coverage, homeowner, online signing, multi-vehicle, and online quote discount.

Before purchasing a policy, check with each insurance company how you can save money. Some discounts might not be offered on policies in your area.

Buy car insurance online

Most of the larger companies like 21st Century, Allstate and State Farm provide prices for coverage on the web. Getting online rates is pretty painless as you just type in your coverage preferences into the quote form. After you complete the form, the system sends out for reports for credit and driving violations and returns a price based on these factors. Quoting online makes it easy to compare insurance prices but the work required to visit a lot of sites and complete many quote forms is a big time waster. But it’s very important to have as many quotes as possible in order to find a lower rate.

Isn’t there an easier way to compare rates?

The easiest way to find cheaper rates utilizes a single form that gets price quotes from a bunch of companies at once. It’s a real time-saver, eliminates repetitive work, and makes online shopping much easier to do. Once the form is submitted, your coverage is rated and you can select any of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. It can be completed in a matter of minutes and you’ll know if lower rates are available.

If you want to find out how much you can save on car insurance, simply enter your zip code here and submit the form. If you have a policy now, it’s recommended you duplicate coverages and limits exactly as they are listed on your policy. This helps ensure you will have rate comparison quotes using the same coverage and limits.

Why your insurance premiums might be higher

Multiple criteria are used when premium rates are determined. Some are obvious like your driving record, although some other factors are less obvious like your vehicle usage and annual miles driven. An important part of buying insurance is that you know some of the things that aid in calculating your policy premiums. If you have some idea of what impacts premium levels, this helps enable you to make changes that may result in better car insurance rates.

The itemized list below are some of the major factors that factor into your rates.

• Does auto insurance cost less for gals? – Statistics have proven women tend to be less risk to insure than men. It does not mean females are better at driving than males. Women and men cause accidents at a similar rate, but the males cause more damage. Men also tend to have more aggressive citations like reckless driving and DUI.
• Expect high rates for teens – Inexperienced drivers are statistically shown to be easily distracted when driving with friends so they pay higher car insurance rates. Older people are shown to be more cautious, cause fewer claims and accidents and get fewer tickets.
• Claim-free discounts can add up – Insurance companies generally give the lowest premiums to insureds who do not file claims often. If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance coverage is intended for the large, substantial claims.
• You may save more by combining policies – Most major car insurance companies will give a discount for people that purchase more than one policy in the form of a multi-policy discount. The discount can be five, ten or even twenty percent. Even though this discount sounds good, consumers should still compare other insurance prices to make sure you are getting the best deal. Drivers may still find better rates by buying car insurance from a different company.
• Do you work long hours in a tough occupation? – Careers such as real estate brokers, business owners and medical professionals generally have the highest rates due to high stress and incredibly demanding work hours. Conversely, jobs like actors, historians and homemakers have lower than average premiums on Colorado insurance.
• Safety first – Safe vehicles cost less to insure. Vehicles built for safety protect occupants better and lower injury rates means less money paid by your insurance company which can mean better rates for you.

Tailor your car insurance coverage to you

When it comes to buying proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. For example, these questions can aid in determining if your insurance needs may require specific advice.

• How much underlying liability do I need for an umbrella policy?
• Does my 2020 Chevy Colorado qualify for pleasure use?
• Do I have newly-acquired coverage?
• Why does it cost so much to insure a teen driver?
• How many claims can I have before being cancelled?
• Does liability extend to a camper or trailer?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete your zip code.

Car insurance coverages for a Chevy Colorado

Understanding the coverages of insurance can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages found on the average insurance policy.

Collision coverage

This covers damage to your Colorado caused by collision with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for claims such as crashing into a building, damaging your car on a curb and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.

Comprehensive protection

This pays for damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive coverage protects against things like hail damage, hitting a deer, rock chips in glass, hitting a bird and a broken windshield. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured or underinsured coverage

Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your 2020 Chevy Colorado.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Medical expense coverage

Coverage for medical payments and/or PIP kick in for expenses for doctor visits, X-ray expenses, dental work, ambulance fees and rehabilitation expenses. They can be utilized in addition to your health insurance plan or if you do not have health coverage. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Liability coverage

This coverage can cover damage that occurs to other’s property or people. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged property.

Liability can pay for things like emergency aid, pain and suffering, funeral expenses and medical expenses. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.

Have the Midas touch

As you prepare to switch companies, you should never sacrifice coverage to reduce premiums. There have been many cases where someone dropped liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Cheap 2020 Chevy Colorado insurance can be sourced on the web and from local insurance agents, so you need to quote insurance with both to have the best selection. Some insurance providers do not provide internet price quotes and usually these regional carriers only sell through independent agencies.