How to Save on Chevy Cobalt Insurance in Sacramento

Insurance for Chevy CobaltWould you like to stop overpaying and find lower-priced Chevy Cobalt insurance in Sacramento? Searching for the cheapest insurance for your Chevy Cobalt in California can be a lot of work, but you can follow these tips to make it easier. There is a right way and a wrong way to compare car insurance rates so we’re going to tell you the best way to price shop coverage for a Chevy and find the cheapest rates.

It goes without saying that auto insurance companies want to keep your business as long as possible. People who shop around at least once a year will probably buy a new policy because the odds are good of finding a lower-priced company. A recent survey discovered that drivers who routinely compared quotes saved about $865 a year as compared to drivers who never shopped around for lower prices.

If finding the lowest price for car insurance in Sacramento is why you’re here, then having some insight into the best way to compare cheaper coverage can save money and time.

Finding a better price on auto insurance is an easy way to save money. Just spend a little time comparing rate quotes online from several insurance companies.

The providers in the list below can provide free quotes in Sacramento, CA. To locate cheap car insurance in Sacramento, it’s a good idea that you click on several of them to find the most competitive auto insurance rates.

Rate information and statistics

The data table shown next highlights different policy rates for Chevy Cobalt models. Having knowledge of how insurance prices are formulated can be useful when making informed decisions when comparing rate quotes.

Chevrolet Cobalt Insurance Rates in Sacramento, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $330 $834 $674 $40 $202 $2,080 $173
Cobalt XFE 4-Dr Sedan $330 $834 $674 $40 $202 $2,080 $173
Cobalt LS 2-Dr Coupe $378 $834 $746 $44 $224 $2,226 $186
Cobalt XFE 2-Dr Coupe $378 $834 $746 $44 $224 $2,226 $186
Cobalt LT 4-Dr Sedan $378 $834 $674 $40 $202 $2,128 $177
Cobalt LT 2-Dr Coupe $428 $834 $746 $44 $224 $2,276 $190
Cobalt SS Turbo 2-Dr Coupe $476 $1086 $746 $44 $224 $2,576 $215
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Rate information does not factor in Sacramento location which can increase or decrease price quotes significantly.

Higher deductibles lower rates

One frequently asked question is which deductible level should you buy. The comparison tables below sum up how much more rates are of buying low and high physical damage deductibles. The first table uses a $100 deductible for comprehensive and collision coverage and the second set of rates uses a $500 deductible.

Chevrolet Cobalt insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $332 $810 $500 $30 $150 $1,847 $154
Cobalt XFE 4-Dr Sedan $332 $810 $500 $30 $150 $1,847 $154
Cobalt LS 2-Dr Coupe $380 $810 $552 $32 $166 $1,965 $164
Cobalt XFE 2-Dr Coupe $380 $810 $552 $32 $166 $1,965 $164
Cobalt LT 4-Dr Sedan $380 $810 $500 $30 $150 $1,895 $158
Cobalt LT 2-Dr Coupe $430 $810 $552 $32 $166 $2,015 $168
Cobalt SS Turbo 2-Dr Coupe $478 $1054 $552 $32 $166 $2,307 $192
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Chevrolet Cobalt insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $242 $546 $500 $30 $150 $1,468 $122
Cobalt XFE 4-Dr Sedan $242 $546 $500 $30 $150 $1,468 $122
Cobalt LS 2-Dr Coupe $278 $546 $552 $32 $166 $1,574 $131
Cobalt XFE 2-Dr Coupe $278 $546 $552 $32 $166 $1,574 $131
Cobalt LT 4-Dr Sedan $278 $546 $500 $30 $150 $1,504 $125
Cobalt LT 2-Dr Coupe $314 $546 $552 $32 $166 $1,610 $134
Cobalt SS Turbo 2-Dr Coupe $348 $712 $552 $32 $166 $1,810 $151
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate information does not factor in vehicle garaging location which can change coverage rates substantially.

Based on these figures, using a $100 deductible costs about $34 more each month or $408 each year than selecting 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 least 12 months between claims, you would probably be better off by selecting a higher deductible.

The information below illustrates how your deductible choice and can raise or lower Chevy Cobalt insurance rates for each different age category. The data assumes a single male driver, comp and collision included, and no additional discounts are factored in.

Difference between liability only and full coverage rates

The illustration below compares Chevy Cobalt auto insurance costs when comparing full coverage to liability only. Data assumes no claims or driving violations, $100 deductibles, single status, and no discounts are factored in.

When to stop buying full coverage

There isn’t a steadfast formula to stop paying for physical damage coverage on your policy, but there is a general convention. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then you might want to consider buying only liability coverage.

For example, let’s assume your Chevy Cobalt replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $2,000 after you pay the deductible. If it’s costing you more than $200 a year for full coverage, then it might be time to buy liability only.

There are a few situations where buying only liability insurance is not advised. If you still have a lienholder on your title, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.

Choosing the best Chevy vehicle insurance in California is an important decision

Despite the high insurance cost for a Chevy Cobalt in Sacramento, insuring your vehicle is required in California but also provides important benefits.

The benefits of having insurance are without a doubt worth the cost, specifically if you ever have a liability claim. Today the average American driver is overpaying more than $700 annually so shop around at least once a year to save money.

Get Cheap Insurance Premiums by Understanding These Factors

The best way to find cheaper insurance is to take a look at the factors that aid in calculating insurance rates. If you understand what positively or negatively impacts your premiums, this allows you to make good choices that may result in lower premium levels.

The list below includes just a few of the factors that factor into prices.

High premiums for teenage drivers – Mature drivers are more cautious drivers, are lower risk to insure, and usually have better credit. Drivers with little experience are statistically proven to be inattentive when behind the wheel therefore insurance rates are much higher.

The chart below uses these assumptions: single driver, full coverage with $500 deductibles, and no discounts or violations.

Rates increase with driving citations – Drivers who don’t get tickets tend to pay less for car insurance than bad drivers. Having a single citation can increase the cost of insurance forty percent or more. Drivers unfortunate enough to have multiple violations such as DUI or willful reckless driving may be required to complete a SR-22 with their state in order to prevent their license from being revoked.

The information below highlights how traffic violations and at-fault accidents can raise Chevy Cobalt premium costs for different age groups of insureds. The premiums are based on a single male driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.

Rural areas have lower premiums – Having an address in less populated areas of the country is a positive aspect when buying insurance. Less people translates into fewer accident claims. People who live in big cities have more aggressive driving styles and more time behind the wheel. Spending more time driving means higher likelihood of an accident.

Bad credit hurts insurance costs – Having a good credit rating factor in determining your rates. People with excellent credit tend to file fewer claims than those with lower credit scores. If your credit rating can be improved, you could save money insuring your Chevrolet Cobalt by improving your rating.

Marriage is a factor – Being married can get you a discount when shopping for insurance. It generally demonstrates drivers are more mature and responsible and it’s proven that married drivers tend to have fewer serious accidents.

Your gender affects prices – Statistics have proven women are more cautious behind the wheel. The data does not necessarily mean that females are better drivers. Both sexes are in accidents in similar numbers, but the males tend to have higher claims. Not only that, but men also receive more costly citations like driving under the influence (DUI). Youthful male drivers generally have the highest accident percentage and therefore have the most expensive insurance rates.

The illustration below visualizes the comparison of Chevy Cobalt auto insurance rates for male and female drivers. The rate quotes are based on no accidents or driving violations, comp and collision included, $500 deductibles, marital status is single, and no additional discounts are factored in.

Verify you’re getting every discount

The cost of insuring your cars can be expensive, but companies offer discounts that can drop the cost substantially. Some trigger automatically when you purchase, but some need to be specially asked for in order for you to get them.Insurance discounts

A quick disclaimer, most discounts do not apply to the entire policy premium. A few only apply to the cost of specific coverages such as medical payments or collision. So when it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business.

The information below shows the difference between Chevy Cobalt insurance costs with and without discounts applied to the policy premium. The premiums are based on a male driver, no accidents, no driving violations, California 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, safe-driver, homeowner, multi-car, marriage, and multi-policy discounts applied.

If you would like to view companies that provide some of the discounts listed above in Sacramento, follow this link.

Exclusive or independent insurance agents

Some people just prefer to go talk to an agent and that is not a bad decision Agents are highly skilled in risk management and help submit paperwork. An additional benefit of getting online price quotes is that you can find cheaper premium rates and still have a local agent.

Insurance agency in SacramentoAfter filling out this simple form, your coverage information is instantly submitted to participating agents in Sacramento who will gladly provide quotes and help you find cheaper coverage. You won’t even need to contact an agency since rate quotes are delivered directly to you. If you want to quote rates from a specific car insurance provider, you would need to go to their quote page and fill out their quote form.

Finding the right insurance company should include more criteria than just the bottom line cost. The following questions are important to ask.

When finding an insurance agent, it can be helpful to understand the different agency structures to choose from. Agencies in Sacramento can be described as either independent agents or exclusive agents. Either one can sell and service car insurance coverage, but it’s important to know the difference between them since it may influence your agent selection.

Exclusive Car Insurance Agents

These agents are contracted to one company and some examples include State Farm or Allstate. Exclusive agents cannot compare rates from other companies so they are skilled at selling on more than just price. Exclusive agents are well trained on their company’s products and that allows them to sell at a higher price point. Consumers frequently purchase coverage from exclusives primarily because of the brand name rather than low price.

Listed below are Sacramento exclusive agencies who may provide you with rate quotes.

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Independent Insurance Agents

Independent agents are not limited to a single company and that enables them to quote your coverage with an assortment of companies depending on which coverage is best. If you are not satisfied with one company, the agent simply finds a different carrier which is easy for the insured.

If you need cheaper car insurance rates, you will want to contact multiple independent agents in order to have the best price comparison. Many can place coverage with smaller companies which can save you money.

Shown below are Sacramento independent insurance agencies who can help you get price quote information.

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Best auto insurance company in Sacramento

Insuring your vehicle with a highly-rated auto insurance company can be rather challenging considering how many companies provide coverage in Sacramento. The ranking data shown next can help you analyze which car insurance companies you want to consider when shopping your coverage around.

Top 10 Sacramento Car Insurance Companies Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. AAA of Southern California
  5. Titan Insurance
  6. The General
  7. AAA Insurance
  8. State Farm
  9. Mercury Insurance
  10. Nationwide

Top 10 Sacramento Car Insurance Companies by A.M. Best Rank

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Mercury Insurance – A+
  9. Progressive – A+
  10. Titan Insurance – A+

The lowest rates come from being thorough

We just covered quite a bit of information on how to get a better price on Chevy Cobalt insurance in Sacramento. The most important thing to understand is the more providers you compare, the better likelihood of getting low cost Sacramento auto insurance quotes. Drivers may even discover the most savings is with a lesser-known regional company.

Insureds change insurance companies for a number of reasons such as high prices, high rates after DUI convictions, questionable increases in premium and even lack of trust in their agent. Whatever your reason, switching companies is easier than you think.

There are still a few companies who don’t offer the ability to get quotes online and many times these smaller companies only sell coverage through local independent agencies. Cheaper Chevy Cobalt insurance in Sacramento can be found on the web and from local agencies, and you should compare price quotes from both to have the best rate selection.

Steps to saving on Chevy Cobalt insurance in Sacramento

If you want to save money, the best way to get more affordable auto insurance rates is to regularly compare prices from different companies who can sell car insurance in Sacramento. Rate comparisons can be done by following these steps.

Step 1: Try to understand coverages and the factors you can control to prevent rate increases. Many rating criteria that result in higher rates such as speeding tickets, accidents and a not-so-good credit history can be improved by making minor changes to your lifestyle.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agents can provide prices for many different companies.

Step 3: Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find a lower rate quote and decide to switch, make sure there is no lapse in coverage.

Step 4: Tell your current company of your intent to cancel your current auto insurance policy and submit payment and a completed application for the new coverage. Make sure you safely store the certificate verifying proof of insurance in your glove compartment.

An important bit of advice to remember is that you’ll want to compare the same level of coverage on every price quote and and to get rates from as many companies as feasibly possible. This guarantees the most accurate price comparison and a complete selection of prices.

Much more information about insurance in California is located at the links below