How to Save on Chevy Cobalt Insurance in Greensboro

Overpriced Chevrolet Cobalt insurance in Greensboro can consume your personal savings and force you to tighten up your finances. Shopping your coverage around can save money and help to cut your insurance bill.

It’s safe to conclude that car insurance companies want to prevent you from shopping around. Drivers who rate shop once a year will, in all likelihood, move their business because there is a significant possibility of finding a lower-priced policy. Remarkably, a study showed that drivers who compared price quotes annually saved an average of $70 a month as compared to drivers who never compared other company’s rates.

If finding budget-friendly rates on Chevy Cobalt insurance in Greensboro is your target objective, then having a grasp of how to get rate quotes and compare insurance coverage can make the process less intimidating.

There are many insurance companies to buy insurance from, and even though it’s nice to be able to choose, having more car insurance companies makes it harder to get the best deal for Chevy Cobalt insurance in Greensboro.

It’s a great practice to do price comparisons occasionally since insurance prices change frequently. Despite the fact that you may have had the best deal on Chevy Cobalt insurance in Greensboro at your last renewal other companies may now be cheaper. Don’t believe everything you read about Cobalt insurance on the internet, but you can learn the best ways to lower your insurance premiums.

Low Cost companies for Chevy Cobalt insurance

The providers in the list below are our best choices to provide quotes in North Carolina. If you want to find cheap car insurance in Greensboro, we recommend you visit two to three different companies in order to find the most competitive rates.

Insurance rate breakdown

The price information shown below showcases a range of coverage costs for Chevy Cobalt models. Knowing how insurance quotes are calculated can help customers make decisions when shopping your coverage around.

Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Premium amounts do not factor in specific zip code location which can influence premiums substantially.

Should you raise deductibles?

One of the more difficult decisions when buying car insurance is which comprehensive and collision deductibles to buy. The comparisons below may help to illustrate the rate differences of buying low and high coverage deductibles. The first data table uses a $100 deductible for comp and collision and the second pricing table uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Rates do not factor in specific Greensboro garaging location which can change premiums substantially.

We can derive from the above data that using a $100 deductible will cost you approximately $20 more each month or $240 annually averaged for all Cobalt models than requesting the higher $500 deductible. Since the policyholder would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you go at a minimum 20 months between claims, you would more than likely save some money if you elect the higher deductible.

The example below demonstrates how choosing different deductibles and can increase or decrease Chevy Cobalt yearly insurance costs for each different age category. The rate quotes are based on a married female driver, full physical damage coverage, and no additional discounts are factored in.

Safe drivers pay less for car insurance

The illustration below illustrates how traffic citations and at-fault collisions can impact Chevy Cobalt insurance premiums for each different age group. The rate quotes are based on a married female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Difference between liability only and full coverage rates

The illustration below compares Chevy Cobalt insurance prices with and without physical damage coverage. The information is based on no accidents, no driving violations, $1,000 deductibles, marital status is single, and no other discounts are factored in.

Deciding between full coverage and liability only

There is no written rule to delete physical damage coverage, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Chevy Cobalt book value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would get paid by your company is $7,000 after paying your deductible. If you are paying over $700 annually for comprehensive and collision coverage, then you might want to consider buying only liability coverage.

There are some conditions where eliminating full coverage is not a good idea. If you still owe money on your vehicle, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Cheaper rates by applying these eight discounts

Car insurance companies don’t always list all discounts in a way that’s easy to find, so we break down both well-publicized and the more hidden credits available to you. If they aren’t giving you every credit you qualify for, you’re paying more than you need to.

• Distant College Student Discount – Youth drivers who are enrolled in a college that is more than 100 miles from Greensboro and do not take a car to college may be able to be covered for less.
• Auto/Home Discount – If you can bundle your auto and home insurance with the same insurance company you may earn up to 20% off your total Cobalt insurance premium.
• Braking Control Discount – Cars, trucks, and SUVs that have steering control and anti-lock brakes are much safer to drive so companies give up to a 10% discount.
• Good Student Discount – Excelling in school may save you up to 25%. You can use this discount normally up until you turn 25.
• Payment Discounts – If you pay your bill all at once as opposed to paying monthly you may have a lower total premium amount.
• Theft Deterrent – Vehicles that have factory alarm systems and tracking devices prevent vehicle theft and earn discounts up to 10% off your Greensboro car insurance quote.
• Government Employee Discount – Employees or retirees of the government can save as much as 8% with some car insurance companies.
• Greensboro Homeowners Pay Less – Owning your own home or condo may trigger a policy discount on car insurance because maintaining a house is proof that your finances are in order.

One thing to note about discounts is that most discounts do not apply to the whole policy. Some only reduce the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like you can get free auto insurance, it doesn’t quite work that way.

The example below compares Chevy Cobalt annual premium costs with and without discounts being applied to the rates. The prices are based on a male driver, no driving violations, no at-fault accidents, North Carolina state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, homeowner, multi-policy, safe-driver, and marriage discounts applied.

Some companies that possibly offer many of the previously listed discounts possibly include:

• American Family
• State Farm
• 21st Century
• Travelers
• GEICO

When getting free Greensboro car insurance quotes, it’s a good idea to each company or agent which discounts you qualify for. Depending on the company, some discounts might not be available to policyholders in Greensboro. To locate providers who offer online Chevy Cobalt insurance quotes in North Carolina, click here.

It’s not one size fits all

When selecting a policy for your vehicles, there isn’t really a one size fits all plan. Everyone’s needs are different and your policy should reflect that.
For example, these questions can aid in determining if your insurance needs might need an agent’s assistance.

• Do I get a pro-rated refund if I cancel my policy early?
• Exactly who is provided coverage by my policy?
• Is business property covered if stolen from my car?
• Do I have coverage when using my vehicle for my home business?
• How high should deductibles be on a Chevy Cobalt?
• I have health insurance so do I need medical payments coverage?
• What is no-fault insurance?
• Do I have coverage if I rent a car in Mexico?

If you don’t know the answers to these questions but one or more may apply to you, you might consider 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.

Getting quotes from local Greensboro insurance agents

A small number of people still prefer to talk to an insurance agent. A nice benefit of comparing rates online is that you can find the lowest rates but also keep your business local.

To find an agent, once you fill out this simple form, the coverage information is sent to insurance agents in Greensboro that provide free Greensboro car insurance quotes for your car insurance coverage. There is no reason to leave your computer because quoted prices will be sent to you directly. You can find lower rates without having to waste a lot of time. If you need to quote rates for a specific company, you can always go to their quote page and complete a quote there.

Selecting an provider requires you to look at more than just the quoted price. A good agent in Greensboro will have answers to these questions.

• Are there any discounts that you might be missing?
• Do they specialize in personal lines auto insurance in Greensboro?
• Will they make sure you get an adequate claim settlement?
• Do they carry Errors and Omissions coverage?
• Does the company allow you to choose your own collision repair facility?
• Is the agent CPCU or CIC certified?
• Does the company have a solid financial rating?

If you prefer to buy car insurance from an insurance agent, you need to know there are two types of agencies and how they operate. Insurance agencies in Greensboro can be classified as either independent agents or exclusive agents depending on their employer.

Exclusive Insurance Agencies

Exclusive agents work for only one company and some examples include Farmers Insurance and State Farm. Exclusive agents cannot provide rate quotes from other companies so they have no alternatives for high prices. They are well schooled on what they offer which helps them sell insurance even at higher premiums.

Below are exclusive insurance agents in Greensboro who may provide you with price quotes.

View more Greensboro agents

Independent Agencies or Brokers

Independent agents can sell policies from many different companies so they have the ability to put coverage with an assortment of companies enabling the ability to shop coverage around. To move your coverage to a new company, the business is moved internally and the insured can keep the same agent. When comparing car insurance prices, it’s a good idea to get insurance quotes from a few independent agents to ensure the widest selection of prices.

Below are Greensboro independent agencies that can give you comparison quotes.

View more Greensboro agents

Detailed coverages of your insurance policy

Having a good grasp of your insurance policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.

Uninsured Motorist or Underinsured Motorist insurance

This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers have only the minimum liability required by law (which is 30/60/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Insurance for medical payments

Med pay and PIP coverage kick in for short-term medical expenses such as EMT expenses, hospital visits, chiropractic care, ambulance fees and surgery. They are utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible

Auto liability

Liability insurance will cover injuries or damage you cause to a person or their property in an accident. It protects you from claims by other people. It does not cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 30/60/25 that means you have a limit of $30,000 per injured person, a limit of $60,000 in injury protection per accident, and property damage coverage for $25,000.

Liability coverage pays for claims such as repair costs for stationary objects, pain and suffering, legal defense fees and attorney fees. The amount of liability coverage you purchase is your choice, but you should buy as large an amount as possible. North Carolina requires minimum liability limits of 30/60/25 but drivers should carry more coverage.

The chart below shows why buying minimum limits may not be high enough to adequately cover claims.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a bird, vandalism, rock chips in glass and hitting a deer. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision protection

Collision coverage covers damage to your Cobalt caused by collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.

Collision insurance covers things such as backing into a parked car, crashing into a building, colliding with another moving vehicle, sustaining damage from a pot hole and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible on your Cobalt in order to get cheaper collision rates.

Persistence pays off

When trying to cut insurance costs, make sure you don’t reduce coverage to reduce premium. There have been many situations where an insured cut liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. Your aim should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.

Budget-conscious Chevy Cobalt insurance is attainable on the web in addition to many Greensboro insurance agents, so you need to quote Greensboro car insurance with both in order to have the best price selection to choose from. A few companies do not offer rate quotes online and most of the time these regional insurance providers sell through independent agents.

We just presented a lot of techniques to compare Chevy Cobalt insurance prices in Greensboro. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may even discover the biggest savings come from some of the smallest insurance companies. Regional companies may have significantly lower rates on certain market segments than the large multi-state companies such as Progressive or GEICO.

Steps to finding affordable Chevy Cobalt insurance in Greensboro

If you want to find the absolute lowest rates, then the best way to get discount Chevy Cobalt insurance in Greensboro is to start doing an annual price comparison from providers in North Carolina.

• First, read about auto insurance and the modifications you can make to prevent expensive coverage. Many factors that result in higher rates such as traffic citations and a poor credit score can be controlled by making minor changes in your lifestyle.
• Second, compare prices from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agents can provide price quotes for a wide range of companies. View rates
• Third, compare the new rate quotes to the premium of your current policy to see if cheaper Cobalt coverage is available in Greensboro. If you can save money and decide to switch, make sure coverage is continuous and does not lapse.
• Fourth, provide adequate notice to your current company to cancel your current coverage. Submit the required down payment along with the signed application to your new carrier. As soon as you have the new policy, store the certificate verifying coverage in an easily accessible location in your vehicle.

One bit of advice is to use the same deductibles and limits on every price quote and and to compare as many different insurance providers as possible. Doing this enables a level playing field and and a good selection of different prices.

Additional car insurance information is available at the links below

• Vehicle Insurance (Wikipedia)
• How Much is Greensboro Auto Insurance for a Chevrolet Silverado? (FAQ)
• Who Has Cheap Greensboro Car Insurance Quotes for Drivers Over Age 50? (FAQ)
• Who Has Cheap Greensboro Car Insurance for Drivers with a DUI? (FAQ)
• Who Has the Cheapest Greensboro Car Insurance Rates for College Graduates? (FAQ)
• Who Has Cheap Auto Insurance Quotes for Low Credit Scores in Greensboro? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Toyota Highlander in Greensboro? (FAQ)
• Who Has the Cheapest Auto Insurance for a Honda CR-V in Greensboro? (FAQ)
• Airbag FAQ (iihs.org)
• Auto Insurance FAQ (Farmers Insurance)