Compare Chevy Colorado Insurance Quotes in Greensboro

Locating the cheapest insurance for a new or used Chevy Colorado in North Carolina could be a painful process, but you can learn a few tricks to save time. There are more efficient ways to compare insurance rates so you’re going to learn the quickest way to price shop coverage for a new or used Chevy and locate the cheapest rates from both online companies and Greensboro agents.

It’s a good idea to take a look at other company’s rates periodically because prices change quite often. Even if you think you had the lowest rates on Chevy Colorado insurance in Greensboro six months ago other companies may now be cheaper. Block out anything you think you know about insurance because you’re going to learn the fastest and easiest way to save money, get proper coverage and the best rates.

Which Chevy Colorado insurance is cheapest in Greensboro?

All the larger insurance companies allow you to get prices on their websites. Doing online quotes for Chevy Colorado insurance in Greensboro is easy for anyone as you just enter your required coverages as detailed in the form. Once you submit the form, their rating system collects your credit score and driving record and returns a price quote.

Quoting online for Chevy Colorado insurance in Greensboro makes it a lot easier to compare rates and it’s absolutely necessary to do this if you want to get a better rate.

To compare pricing, check out the insurance providers below. If you have your current policy handy, we recommend that you enter coverages and limits identical to your current policy. This makes sure you are getting rate comparison quotes based on similar coverages.

The companies shown below are our best choices to provide free quotes in North Carolina. To locate cheap auto insurance in NC, we suggest you visit as many as you can to get a more complete price comparison.

Rates and information analytics

The premium table shown below outlines detailed analysis of insurance coverage prices for Chevy Colorado models. Having a better idea how policy rates are established helps drivers make smart choices when selecting a policy.

Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Rate information does not factor in specific location which can affect rates considerably.

Physical damage deductibles: Should you raise them?

One of the most common car insurance questions is at what level do you set your deductibles. The rates below determine the cost difference when you buy lower versus higher policy deductibles. The first data table uses a $250 physical damage deductible and the second rate chart 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 homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Premium amounts do not factor in vehicle location which can decrease or increase insurance rates significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost in the ballpark of $10 more each month or $120 each year than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average at a minimum 25 months between claim filings, you would most likely save money if you choose the higher deductible.

Difference between full coverage and liability only rates

The chart below illustrates the comparison of Chevy Colorado car insurance rates with full coverage compared to only the North Carolina minimum liability coverage. The rates are based on no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are factored in.

When to drop comprehensive and collision coverage

There is no written rule of when to stop paying for comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s pretend your Chevy Colorado replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $3,000 after paying your policy deductible. If it’s costing in excess of $300 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where removing full coverage is not recommended. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Discounts mean cheaper rates for Chevy Colorado insurance in Greensboro

Car insurance is not cheap, but there are discounts available that many people don’t even know exist. Some trigger automatically when you quote, but some need to be requested specifically prior to getting the savings.

• College Student Discount – Youth drivers who are enrolled in higher education away from home and do not take a car to college can be insured at a reduced rate.
• Theft Deterrent – Cars equipped with anti-theft or alarm systems help deter theft and can earn a small discount on your policy.
• Discounts for Cautious Drivers – Drivers without accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
• Driver Training Discounts – Taking part in a defensive driving course could cut 5% off your bill and also improve your driving technique.
• Claim Free – Drivers who don’t have accidents pay less when compared with frequent claim filers.

We need to note that most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears all those discounts means the company will pay you, auto insurance companies aren’t that generous.

The illustration below illustrates the comparison of Chevy Colorado annual premium costs with and without discounts. The prices are based on a female driver, a clean driving record, no claims, North Carolina state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, multi-car, homeowner, safe-driver, and marriage discounts applied.

Companies and a selection of discounts are:

• 21st Century offers discounts for anti-lock brakes, automatic seat belts, 55 and older, student driver, homeowners, and driver training.
• State Farm may include discounts for defensive driving training, driver’s education, safe vehicle, Drive Safe & Save, student away at school, and multiple policy.
• AAA policyholders can earn discounts including anti-theft, education and occupation, pay-in-full, multi-car, and good driver.
• Liberty Mutual offers discounts including newly retired, teen driver discount, new graduate, new vehicle discount, safety features, newly married, and multi-policy.
• Progressive offers premium reductions for multi-vehicle, homeowner, online signing, multi-policy, good student, continuous coverage, and online quote discount.

It’s a good idea to ask all companies you are considering which discounts can lower your rates. Some discounts listed above might not be offered in your state. To see a list of providers with the best Chevy Colorado insurance discounts in North Carolina, click here to view.

Three reasons car insurance is important

Despite the high cost, car insurance is not optional due to several reasons.

• Most states have mandatory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance in order to be legal. In North Carolina these limits are 30/60/25 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your vehicle, most lenders will stipulate that you carry insurance to ensure loan repayment if the vehicle is totaled. If the policy lapses, the lender may insure your Chevy for a much higher rate and force you to pay a much higher amount than you were paying before.
• Insurance safeguards not only your vehicle but also your assets. Insurance will pay for medical expenses for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to have it repaired.

The benefits of having insurance more than cancel out the cost, specifically if you ever have a liability claim. As of last year, the average driver in North Carolina overpays as much as $830 a year so it’s very important to do a rate comparison at every policy renewal to ensure rates are inline.

Best auto insurance company in North Carolina

Ending up with the best auto insurance provider can be challenging considering how many different insurance companies sell coverage in North Carolina. The company information below could help you pick which auto insurance companies to look at comparing price quotes from.

Top 10 Greensboro Car Insurance Companies Overall

1. Travelers
2. USAA
3. AAA Insurance
4. Nationwide
5. Allstate
6. State Farm
7. The Hartford
8. Safeco Insurance
9. Progressive
10. American Family

Top 10 Greensboro Car Insurance Companies Ranked by Value

1. Travelers
2. American Family
3. AAA Insurance
4. Safeco Insurance
5. Progressive
6. The Hartford
7. The General
8. 21st Century
9. Esurance
10. Titan Insurance

Local Greensboro insurance agencies

A small number of people prefer to talk to a local agent. Agents can answer important questions and help in the event of a claim. One of the benefits of comparing rate quotes online is the fact that drivers can get cheap car insurance rates but also keep your business local.

To find an agent, once you fill out this form (opens in new window), the quote information is emailed to insurance agents in Greensboro that give free quotes to get your business. It simplifies rate comparisons since you won’t have to find an agent because prices are sent straight to your inbox. If you want to get a rate quote from a specific company, you just need to find their quoting web page and complete a quote there.

Finding a good insurer requires more thought than just a cheap quote. Any good agent in Greensboro should know the answers to these questions.

• Which company do they place the most coverage with?
• Are claims handled at the agent’s location?
• Is every driver in your family covered?
• What kind of financial rating does the company have?
• Can you get a list of referrals?
• Which insurance companies are they affiliated with?