Affordable Rate Quotes for Chevy Colorado Insurance in El Paso

Are you sick and tired of sacrificing other expenses to pay car insurance each month? You are no different than most other vehicle owners in Texas.

We don’t have to tell you that car insurance companies don’t want you to compare rates. Insureds who shop around for cheaper rates are inclined to switch to a new company because the odds are good of finding more affordable rates. A recent car insurance study revealed that drivers who regularly shopped around saved about $865 annually compared to policyholders who never shopped around for better prices.

If saving the most money on Chevy Colorado insurance in El Paso is your goal, then learning about how to shop and compare car insurance can make it easier for you to save money.

Because there are so many options when it comes to car insurance, it’s difficult to choose the lowest cost company.

You should take the time to quote other rates yearly because car insurance prices go up and down regularly. Despite the fact that you may have had the best rate on Chevy Colorado insurance in El Paso on your last policy you will most likely find a better premium rate today. Forget all the misinformation about car insurance because you’re about to find out how to quote online to eliminate unnecessary coverages and save money on Chevy Colorado insurance in El Paso.

Discounts mean cheaper rates for Chevy Colorado insurance in El Paso

Car insurance is easily one of your largest bills, but there could be available discounts to cut the cost considerably. Certain discounts will be applied at quote time, but some need to be specially asked for before being credited. If you check and find you aren’t receiving every discount available, you’re just leaving money on the table.

• Include Life Insurance and Save – Larger car insurance companies have a lower price if you buy auto and life insurance together.
• Theft Prevention System – Cars and trucks equipped with tracking devices and advanced anti-theft systems prevent vehicle theft and will save you 10% or more on Colorado insurance in El Paso.
• Driving Data Discount – Policyholders that allow driving data submission to spy on vehicle usage remotely such as Snapshot from Progressive or Drivewise from Allstate might get better premium rates if they are good drivers.
• Paper-free Discount – Certain car insurance companies give back up to $50 simply for signing online.
• Discount for Passive Restraints – Vehicles with factory air bags or motorized seat belts may get savings of more than 20%.
• Accident-Free Discounts – Insureds who avoid accidents and claims can save substantially in comparison with accident-prone drivers.

Don’t be shocked that most discounts do not apply to the overall cost of the policy. Most only reduce individual premiums such as collision or personal injury protection. Just because you may think you could get a free car insurance policy, it just doesn’t work that way. But any discount will help lower the cost of coverage.

The information below shows the difference between Chevy Colorado auto insurance rates with and without some available policy discounts. The premiums assume a male driver, a clean driving record, no at-fault accidents, Texas 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, marriage, multi-car, multi-policy, safe-driver, and homeowner discounts applied.

To view insurance companies that have a full spectrum of discounts in El Paso, click here to view.

How to shop Chevy Colorado insurance online

When price shopping your coverage, getting more free quotes will enable you to find a better price.

The providers in the list below are ready to provide quotes in Texas. If multiple companies are shown, we recommend you visit several of them to get a more complete price comparison.

Insurance rate breakdown

The coverage table below covers detailed analysis of insurance coverage prices for Chevy Colorado models. Being able to understand how insurance policy rates are formulated is important for drivers to make smart choices when comparing insurance rates.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Estimates do not factor in vehicle location which can lower or raise prices significantly.

Analysis of deductible levels

When comparing insurance rates, the most common question is the level to set your comp and collision deductibles. The rates below outline the differences in premium rates when you choose different coverage deductibles. The first table uses a $100 physical damage coverage deductible and the second rate table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Price estimates do not factor in garaging location in El Paso which can affect prices considerably.

Based on these figures, using a $100 deductible would cost the average driver about $34 more each month or $408 every year across all Chevrolet Colorado models than opting for the higher $1,000 deductible. Because you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 26 months between claim filings, you would probably come out ahead if you opt for a higher deductible.

One big caveat is that raising deductibles to get cheaper rates means you will have to pay more when you have a physical damage claim. That will require enough money in the bank in the event you have to pay the higher deductible.

Impact of violations and accidents on rates in El Paso

The diagram below highlights how speeding tickets and at-fault claims can affect Chevy Colorado insurance costs for each different age group. The costs are based on a single male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Chevrolet Colorado full coverage rates compared to liability only

The example below illustrates the difference between Chevy Colorado auto insurance costs with full physical damage coverage compared to only buying liability only. The prices are based on no tickets, no at-fault accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.

Should you be buying full coverage?

There is no exact formula to stop buying full coverage, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s say your Chevy Colorado settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $5,000 after the deductible is paid. If you are paying in excess of $500 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some cases where dropping physical damage coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not eliminate full coverage.

Why Your Insurance Costs might be higher

Part of the insurance buying process is learning some of the things that help calculate your premiums. If you understand what controls the rates you pay, this allows you to make good choices that could help you find better insurance rates.

The following are some of the major factors utilized by car insurance companies to help set your rates.

• More than one policy can earn a discount – Lots of insurance companies give lower prices to buyers that buy multiple policies in the form of a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even if you already get this discount, it’s in your best interest to comparison shop to confirm you are receiving the best rates possible.
• Rental and towing coverage may not be needed – Insurance companies have many extra coverages that can waste your money if you don’t pay attention. Add-on coverages like rental car coverage, towing coverage, and term life insurance may be costing you every month. These may sound like a good investment when buying your policy, but your money might be better spent on other coverage so remove them and pocket the money.
• Prevent insurance policy lapses – Driving your car without having proper coverage is against the law and insurance companies will penalize you for letting your insurance lapse. Not only will you pay more, getting caught without coverage could earn you fines and jail time. You could then be forced to file a SR-22 with the Texas motor vehicle department to get your license reinstated.
• Prevent theft and save – Driving a car with a theft deterrent system can save you a little every year. Theft prevention features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent your car from being stolen.
• Does your vocation cost you more? – Jobs such as lawyers, airline pilots, and financial analysts are shown to have higher premium rates in part from job stress and lots of time spent at work. Other professions such as actors, students and the unemployed generally pay rates lower than average.

• Gender impacts premiums – The statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that males are worse at driving than females. Women and men have fender benders in similar numbers, but the male of the species tend to have more serious accidents. Men also have more aggressive citations like DWI (DUI) or reckless driving. Male teenagers are several times more likely to be in an accident and are penalized with high insurance rates.

  The diagram below illustrates the difference between Chevy Colorado yearly insurance costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full coverage, $100 deductibles, single status, and no other discounts are factored in.

• Chevy Colorado insurance claim data – Insurers analyze historical claim data when they set coverage costs for each model. Vehicles that the data shows to have increased claim numbers or amounts will have higher rates. The next table shows the historical insurance loss data for Chevy Colorado vehicles.

  For each policy coverage type, the claim probability for all vehicles compiled together is considered to be 100. Values that are below 100 mean the vehicle has better than average losses, while values that are above 100 point to more frequent losses or an increased probability of a larger loss.

  
  

  Insurance Loss Ratings for Chevrolet Colorado Vehicles

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Chevrolet Colorado Crew Cab 2WD	73	57	64
  Chevrolet Colorado Crew Cab 4WD	90	89	86	67
  Chevrolet Colorado Ext Cab 2WD	55
  Chevrolet Colorado Ext Cab 4WD	67

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Which policy gives me the best coverage?

When quoting and comparing the right insurance coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions might point out if you might need an agent’s assistance.

• Are combined or split liability limits better?
• Do I need PIP coverage since I have good health insurance?
• What if an uninsured driver hits me?
• Is borrowed equipment or tools covered if stolen or damaged?
• Does rental coverage apply when I am renting a car?
• When should my teen driver be added to my policy?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Auto insurance agents can help

A small number of people prefer to sit down and talk to an agent and often times that is recommended The biggest benefit of getting online price quotes is you may find lower car insurance rates but still work with a licensed agent. And supporting local insurance agencies is especially important in El Paso.

After completing this form (opens in new window), your information gets sent to agents in your area who will return price quotes for your auto insurance coverage. You won’t even need to leave your computer as quotes are delivered to you instantly. You can most likely find cheaper rates AND a local agent. If you need to get a rate quote from a specific auto insurance provider, don’t hesitate to search and find their rate quote page and submit a quote form there.

Is an exclusive or independent car insurance agent right for you?

If you need to find a good insurance agency, there are two different types of agents and how they work. Auto insurance agents are classified as either exclusive or independent (non-exclusive).

Independent Auto Insurance Agencies

These type of agents are not required to write business for one company and that allows them to write policies with an assortment of companies and find you cheaper rates. If they quote lower rates, they simply move your policy to a different company without you having to go to a different agency.

If you are comparing rate quotes, you should always get some free quotes from a few independent agents to ensure the widest selection of prices.

The following is a small list of independent agencies in El Paso that may be able to give free price quotes.

More El Paso agents

Exclusive Auto Insurance Agencies

Agents that elect to be exclusive can usually just insure with one company and examples are Farmers Insurance, State Farm, or Allstate. They are unable to provide prices from multiple companies so you need to shop around if the rates are high. Exclusive agents are highly trained on their company’s products and that allows them to sell at a higher price point.

Below is a list of exclusive insurance agencies in El Paso that can give you price quotes.

More El Paso agents

Deciding on an car insurance agent needs to be determined by more than just a low price. These are some questions you should get answers to.

• Do they see any coverage gaps in your plan?
• Is working in the agency their full-time job?
• Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
• Where are claims handled?
• If you raise deductibles, how much can you save?
• How long have they been in business?

After you get positive feedback for all questions you ask in addition to an acceptable price estimate, it’s possible that you found an insurance agency that can properly service your auto insurance policy.

Why you need quality insurance for your Colorado

Even though it can be expensive, insurance may be required and benefits you in several ways.

• Almost all states have mandatory insurance requirements which means you are required to carry specific limits of liability coverage in order to license the vehicle. In Texas 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 your vehicle has a loan, almost every bank will force you to have physical damage coverage to guarantee their interest in the vehicle. If coverage lapses or is canceled, the lender will be forced to insure your Chevy for a lot more money and force you to pay for the expensive policy.
• Car insurance preserves both your Chevy Colorado and your assets. It will also provide coverage for medical expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.

The benefits of buying car insurance definitely exceed the cost, especially if you ever need it. According to a 2015 survey, the average American driver is currently overpaying as much as $869 every year so we recommend shopping around once a year at a minimum to ensure rates are competitive.

Quote often and quote early

You just read a lot of techniques to get a better price on Chevy Colorado insurance in El Paso. The most important thing to understand is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from a lesser-known regional company. These smaller insurers often have lower rates on specific markets than their larger competitors like Allstate and Progressive.

When trying to cut insurance costs, don’t be tempted to buy less coverage just to save a little money. Too many times, someone dropped uninsured motorist or liability limits and learned later that they should have had better coverage. Your focus should be to find the BEST coverage at the best possible price and still be able to protect your assets.

How to find lower priced Chevy Colorado insurance in El Paso

Truthfully, the best way to get cheaper auto insurance rates in El Paso is to compare prices regularly from insurers in Texas.

• First, try to understand how auto insurance works and the things you can change to keep rates low. Many risk factors that result in higher rates such as traffic violations, accidents, and a less-than-favorable credit history can be amended by improving your driving habits or financial responsibility.
• Second, quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from one company like GEICO and State Farm, while agents who are independent can provide prices for a wide range of companies.
• Third, compare the new rates to your current policy premium and see if there is a cheaper rate in El Paso. If you can save money, make sure there is no lapse in coverage.

One piece of advice is to make sure you enter the same deductibles and limits on each quote request and and to look at as many different companies as possible. Doing this guarantees a fair price comparison and a better comparison of the market.

To read more, feel free to visit these articles:

• Parking Tips to Reduce Door Dings (State Farm)
• Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
• Avoiding Deer Collisions (Insurance Information Institute)