Best Rate Quotes for Chevy Cobalt Insurance in Columbus

Shopping for discount Columbus Chevy Cobalt insurance quotes can be impossible for vehicle owners who are beginners to quoting and comparing prices over the internet. With a ridiculous number of insurance companies available, how can anyone effectively compare every one to find the best price?

Anyone knows that insurance companies don’t want their customers to go rate shopping. Drivers who do rate comparisons will probably switch to a new company because they have a good chance of finding more affordable rates. A recent insurance study revealed that consumers who routinely compared quotes saved on average $865 annually as compared to drivers who never compared other company’s rates.

If finding the cheapest price for insurance in Columbus is your objective, then learning a little about the best ways to shop for insurance can help make the process easier.

Consumers should take time to shop coverage around occasionally because insurance prices are adjusted regularly by insurance companies. Just because you had the lowest rates on Chevy Cobalt insurance in Columbus at your last renewal other companies may now be cheaper. Ignore everything you know about insurance because I’m going to let you in on the secrets to how to quote online to reduce your cost while improving coverage.

If you have auto insurance now, you will definitely be able to find better prices using the concepts covered in this article. Finding the most affordable protection in Columbus is not as hard as you may think. But Ohio car owners benefit from understanding the methods companies use to determine what you pay because it can help you find the best coverage.

Most major insurance companies allow you to get prices for coverage direct online. Getting online quotes for Chevy Cobalt insurance in Columbus is quite easy as you just type in the coverage amounts you desire as requested by the quote form. Upon sending the form, the company’s rating system obtains your driving and credit reports and provides a quote.

Quoting online for Chevy Cobalt insurance in Columbus makes it simple to compare prices and it’s absolutely necessary to get many rate quotes if you want to get the lowest payment on car insurance.

To use this form to compare rates, check out the car insurance providers below. To compare your current rates, we recommend you type in the insurance coverages as shown on your current policy. Using the same limits helps guarantee you will get a fair comparison for similar insurance coverage.

The companies shown below provide quotes in Ohio. If the list has multiple companies, we suggest you compare several of them to get the most affordable price.

Premium rates and analysis

The data table shown below highlights different coverage prices for Chevy Cobalt models. Being able to understand how prices are formulated can benefit drivers when making smart choices when purchasing an auto insurance policy.

Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Ohio minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Rates do not factor in specific location which can alter premiums substantially.

An analysis of deductible level

The hardest decision when buying coverage is how high should your deductibles be. The rates below can help you understand the cost difference between high and low physical damage coverage deductibles. The first table uses a $100 deductible and the second price chart uses a $1,000 deductible.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Information does not factor in vehicle garaging location which can affect premium rates considerably.

Using the data above, we can ascertain that using a $100 deductible costs about $27 more each month or $324 each year averaged for all Cobalt models than opting for the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 33 months between claim filings, you would come out ahead going with the higher deductible.

An important sidenote is that a higher deductible means you will have to pay more when you file a claim. It will be required that you have access to more funds in the event you have to pay the deductible.

Gender-based auto insurance rates

The example below visualizes the comparison of Chevy Cobalt premium costs for male and female drivers. The premiums are based on no claims or violations, full coverage, $100 deductibles, single status, and no other discounts are factored in.

Chevrolet Cobalt full coverage rates compared to liability only

The information below shows the comparison of Chevy Cobalt auto insurance rates with full physical damage coverage and with liability coverage only. The price estimates are based on a clean driving record, no claims, $1,000 deductibles, single status, and no additional discounts are factored in.

When to drop comp and collision

There is no set rule of when to stop paying for physical damage insurance, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

For example, let’s pretend your Chevy Cobalt book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 annually to have full coverage, the it may be a good time to stop paying for full coverage.

There are a few situations where dropping physical damage coverage is not advised. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Best reasons to buy auto insurance in Ohio

Despite the high cost, auto insurance may be required for several reasons.

• Almost all states have minimum mandated liability insurance limits which means you are required to carry a specific minimum amount of liability coverage if you drive a vehicle. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a loan on your Cobalt, almost all lenders will stipulate that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you let the policy lapse, the lender will be forced to insure your Chevy at a much higher premium rate and require you to fork over the higher premium.
• Auto insurance protects not only your vehicle but also your financial assets. Insurance will also pay for medical expenses that are the result of an accident. Liability coverage, the one required by state law, will also pay attorney fees if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of carrying enough insurance more than cancel out the cost, especially for larger claims. According to a 2015 survey, the average American driver is currently overpaying as much as $830 a year so it’s recommended you shop around at every policy renewal to ensure rates are inline.

Coverages available on your auto insurance policy

Learning about specific coverages of your policy helps when choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy.

Comprehensive coverage – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like hail damage, vandalism, theft and damage from flooding. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Coverage for liability – Liability insurance protects you from damages or injuries you inflict on other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged property. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.

Liability coverage protects against things like legal defense fees, repair bills for other people’s vehicles, repair costs for stationary objects, medical services and court costs. How much liability should you purchase? That is your choice, but buy higher limits if possible. Ohio requires minimum liability limits of 25/50/25 but it’s recommended drivers buy better liability coverage.

The illustration below demonstrates why minimum state limits may not be high enough to adequately cover claims.

Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for surgery, pain medications, doctor visits and rehabilitation expenses. They are often utilized in addition to your health insurance program or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and may carry a deductible

Uninsured/Underinsured Motorist coverage – This provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Chevy Cobalt.

Since a lot of drivers have only the minimum liability required by law (Ohio limits are 25/50/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Collision coverage – Collision coverage will pay to fix damage to your Cobalt from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as sustaining damage from a pot hole, backing into a parked car and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible on your Cobalt to save money on collision insurance.