Save Money on Chevy Cobalt Insurance in El Paso

If your goal is the lowest price, then the best way to get budget car insurance rates is to regularly compare prices from providers in El Paso.

• Step 1: Take a few minutes and learn about how companies set rates and the steps you can take to prevent expensive coverage. Many rating factors that cause rate increases like tickets, at-fault accidents, and poor credit history can be eliminated by improving your driving habits or financial responsibility.
• Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like GEICO and Allstate, while independent agencies can provide price quotes from multiple sources.
• Step 3: Compare the new quotes to your existing policy to determine if switching companies saves money. If you can save some money and buy the policy, ensure coverage does not lapse between policies.
• Step 4: Notify your company or agent to cancel your current policy. Submit payment along with a signed and completed policy application for the new policy. Immediately store the proof of insurance certificate with the vehicle registration.

The key thing to know about shopping around is that you’ll want to compare the same amount of coverage on each price quote and and to get price quotes from as many different companies as possible. Doing this enables the most accurate price comparison and maximum price selection.

It’s safe to assume that insurance companies don’t want you to compare rates. People who get price comparisons will, in all likelihood, switch to a new company because there is a good chance of finding a more affordable policy. A recent study showed that people who shopped around annually saved on average $865 a year as compared to drivers who never compared rates.

If finding discount rates on Chevy Cobalt insurance is your intention, then understanding how to compare insurance rates can make shopping around easier.

Buying affordable auto insurance in El Paso is actually very simple if you learn how to start. If you already have coverage or are looking for a new policy, use these techniques to cut your premiums while maintaining coverages. Smart buyers just have to use the proper way to shop their coverage around on the web.

Companies offering Chevy Cobalt insurance in El Paso

The following companies have been selected to offer quotes in Texas. If multiple companies are listed, we suggest you get prices from several of them to get the most affordable price.

Chevy Cobalt detailed coverage information

The rate information below covers different prices for Chevy Cobalt models. Having a better idea how policy rates are established can help you make decisions on which coverage to buy.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Premium costs do not factor in vehicle location which can alter insurance rates significantly.

Where to set your deductibles

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The comparison tables below can help illustrate the rate fluctuation when you buy lower versus higher physical damage coverage deductibles. The first pricing table uses a $100 deductible for physical damage and the second pricing table uses a $500 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Rate quotes do not factor in your specific El Paso location which can lower or raise rates substantially.

Using the data above, we can ascertain that using a $100 deductible will cost you about $29 more each month or $348 a year averaged for all Cobalt models than opting for 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 normally go at a minimum 14 months between claim filings, you would save money if you opt for a higher deductible. Here is a better example of how this decision is made.

One important issue to know is that a higher deductible level means you will have to pay more when you file a claim. That will require access to more funds in the event you need to pay the deductible for vehicle repair.

The diagram below illustrates how your choice of deductibles and can increase or decrease Chevy Cobalt insurance rates for different insured age categories. Data assumes a single male driver, full coverage, and no discounts are taken into consideration.

Chevrolet Cobalt full coverage rates compared to liability only

The chart below shows the difference between Chevy Cobalt insurance costs with full coverage and liability only. The prices are based on no claims or violations, $500 deductibles, single status, and no discounts are taken into consideration.

When to eliminate full coverage

There is no definitive rule that is best for determining when to drop physical damage insurance, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Chevy Cobalt book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $2,000 after the policy deductible has been paid. If you are currently paying more than $200 a year 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 financially feasible. If you have an outstanding loan on your vehicle, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.

How Insurance Companies Determine Chevy Cobalt Insurance Rates

Many factors are part of the equation when premium rates are determined. Most are fairly basic such as traffic violations, although some other factors are less obvious such as whether you are married or how safe your car is.

Incidental coverages can cost a lot – There are many extra add-on coverages that may not really be needed when buying car insurance. Add-on coverages like replacement cost coverage, towing, and motor club memberships are probably not needed. They may sound like good ideas when buying your policy, but your needs may have changed so consider taking them off your policy.

Liability insurance limits on your policy – The liability section of your policy provides coverage in the event that a court rules you are at fault for an accident. It provides legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to physical damage coverage, so do not skimp.

How’s your driving record? – Even one chargeable violation may cause rates to rise by as much as twenty percent. Careful drivers receive lower rates compared to bad drivers. Drivers who have gotten license-revoking tickets like DUI, reckless driving or excessive speeding may need to submit a SR-22 form with their state in order to prevent a license revocation.

The illustration below demonstrates how traffic citations and accident claims increase Chevy Cobalt auto insurance costs for each different age category. The rate quotes are based on a single female driver, comp and collision included, $500 deductibles, and no policy discounts are applied.

Is auto insurance cheaper for women or men? – Over time, data shows women tend to be less risk to insure than men. However, this does not mean women are BETTER drivers than men. Males and females cause accidents in similar percentages, but the males have accidents that have higher claims. In addition to higher claims, males also have more aggressive citations like DWI (DUI) or reckless driving.

The diagram below visualizes the comparison of Chevy Cobalt auto insurance rates for male and female drivers. The rates are based on no claims, a clean driving record, comprehensive and collision coverage, $100 deductibles, drivers are single, and no policy discounts are applied.

Alarms and GPS tracking lowers premiums – Choosing to buy a car with anti-theft technology or alarm system can help lower your rates. Systems that thwart thieves such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop auto theft.

Get cheap Chevy Cobalt insurance in El Paso with discounts

Some insurers do not advertise all their discounts very clearly, so the following list contains both well-publicized and also the lesser-known credits available to you. If they aren’t giving you every credit you qualify for, you are just wasting money.

• Military Deployment Discount – Being on active deployment in the military may qualify for rate reductions.
• Government Employee Discount – Simply working for the federal government can earn a discount up to 10% depending on your insurance provider.
• Senior Citizens – If you’re over the age of 55, you may be able to get a slight reduction on a El Paso auto insurance quote.
• Good Grades Discount – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally up to age 25.
• Seat Belt Discounts – Forcing all vehicle occupants to buckle up before driving can save a little off PIP or medical payments premium.
• Multi-Vehicle Discounts – Drivers who insure multiple vehicles on a single policy can get a discount for every vehicle.
• Driver’s Education for Students – Require your teen driver to take driver’s ed class in high school.

Keep in mind that most discounts do not apply to the entire policy premium. Some only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any qualifying discounts will help reduce the amount you have to pay.

The diagram below visualizes the comparison of Chevy Cobalt insurance rates with and without some available policy discounts. The price estimates are based on a male driver, a clean driving record, no at-fault accidents, Texas state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, multi-car, claim-free, homeowner, and multi-policy discounts applied.

A list of companies and some of the premium reductions they offer are included below.

• Farmers Insurance includes discounts for youthful driver, distant student, electronic funds transfer, early shopping, bundle discounts, good student, and multi-car.
• State Farm policyholders can earn discounts including Steer Clear safe driver discount, good student, safe vehicle, accident-free, good driver, and defensive driving training.
• Liberty Mutual may offer discounts for exclusive group savings, new vehicle discount, new move discount, newly retired, and newly married.
• MetLife has discounts for good student, good driver, multi-policy, defensive driver, and claim-free.
• Progressive discounts include multi-policy, online quote discount, online signing, continuous coverage, good student, multi-vehicle, and homeowner.

It’s a good idea to ask every insurance company how many discounts you can get. Some of the discounts discussed earlier might not be offered in El Paso. To choose companies with the best Chevy Cobalt insurance discounts in Texas, click here to view.

Local El Paso insurance agencies

A small number of people still like to visit with an insurance agent and that can be a great decision Most agents can help determine the best coverages and help submit paperwork. The best thing about price shopping on the web is that drivers can save money and get lower premium rates and still choose a local agent.

To help locate an agent, after submitting this simple form, the quote information is emailed to local insurance agents that can provide free El Paso auto insurance quotes for your insurance coverage. There is no need to visit any agencies since price quotes are sent to you. If you want to quote rates for a specific company, you would need to visit that company’s website and give them your coverage information.

Choosing the best insurer should depend on more than just a cheap price. Agents should be asked these questions:

• Is the agent CPCU or CIC certified?
• Are all drivers listed on the coverage quote?
• Is coverage determined by price?
• In the event of vehicle damage, can you pick the collision repair facility?
• Are they giving you every discount you deserve?

Do you need an independent or exclusive auto insurance agent?

When looking for a good insurance agency, there are a couple of types of agencies and how they function. Car insurance agents can be classified as either independent agents or exclusive agents depending on their employer. Both types of agents can sell affordable car insurance policies, but it’s good to learn the difference in the companies they write for since it could factor into which agent you choose.

Exclusive Insurance Agents

Exclusive agencies have only one company to place business with like Farmers Insurance or State Farm. Exclusive agents are unable to provide other company’s prices so you might not find the best rates. Exclusive agents receive a lot of sales training in insurance sales which helps them sell on service rather than price.

The following are exclusive agents in El Paso that are able to give rate quotes.

More El Paso agents

Independent Car Insurance Agents

Independent insurance agents are appointed with more than one company and that is an advantage because they can write policies through many different car insurance companies enabling the ability to shop coverage around. If premiums increase, they simply switch companies in-house and that require little work on your part. If you are comparing car insurance prices, we highly recommend that you compare prices from several independent agencies for the best price selection.

Shown below is a list of independent agents in El Paso that can give you rate quotes.

More El Paso agents

Ratings for Texas auto insurance companies

Ending up with the highest-rated insurer can be difficult considering how many different companies sell coverage in El Paso. The company rank data in the next section can help you choose which insurers to look at comparing price quotes from.

Top 10 El Paso Car Insurance Companies Ranked by Value

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

Top 10 El Paso Car Insurance Companies Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

When in doubt talk to an agent

When it comes to the best insurance coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s.

For instance, these questions may help highlight if you would benefit from professional advice.

• When can I cancel my policy?
• Why do I have to buy liability insurance?
• Is my cargo covered for damage or theft?
• Should I have a commercial auto policy?
• Who does medical payments coverage extend to?
• When should I not file a claim?
• When would I need additional glass coverage?

If you can’t answer these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form. It only takes a few minutes and can help protect your family.

Persistence pays off

As you quote El Paso auto insurance, it’s a bad idea to sacrifice coverage to reduce premiums. In too many instances, an insured cut comprehensive coverage or liability limits and learned later that the few dollars in savings costed them thousands. Your goal is to get the best coverage possible at a price you can afford but still have enough coverage for asset protection.

We just showed you some good ideas how you can shop for Chevy Cobalt insurance online. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the most savings is with the least-expected company.

Cheaper auto insurance in El Paso can be sourced on the web and from local insurance agents, and you should be comparing both to have the best selection. A few companies may not provide price quotes online and usually these smaller providers only sell through independent insurance agencies.

For more information, feel free to browse the articles below:

• Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
• Tools for Teen Driving Safety (State Farm)
• Learn About Car Insurance (GEICO)