Affordable Rate Quotes for Chevy Colorado Insurance in El Paso

Insurance for Chevy ColoradoAre 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.

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.

Chevrolet Colorado Insurance Rates in El Paso, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $136 $272 $358 $22 $108 $896 $75
Colorado LT Extended Cab 2WD $160 $332 $358 $22 $108 $980 $82
Colorado LT 4WD $160 $272 $304 $18 $92 $846 $71
Colorado LT Crew Cab 2WD $160 $332 $358 $22 $108 $980 $82
Colorado LT Extended Cab 4WD $160 $272 $304 $18 $92 $846 $71
Colorado LT Crew Cab 4WD $184 $332 $304 $18 $92 $930 $78
Get Your Own Custom Quote Go

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.

Chevrolet Colorado insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $244 $486 $382 $22 $114 $1,273 $106
Colorado LT Extended Cab 2WD $286 $592 $382 $22 $114 $1,421 $118
Colorado LT 4WD $286 $486 $324 $20 $96 $1,237 $103
Colorado LT Crew Cab 2WD $286 $592 $382 $22 $114 $1,421 $118
Colorado LT Extended Cab 4WD $286 $486 $324 $20 $96 $1,237 $103
Colorado LT Crew Cab 4WD $328 $592 $324 $20 $96 $1,385 $115
Get Your Own Custom Quote Go

Chevrolet Colorado insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $136 $256 $382 $22 $114 $910 $76
Colorado LT Extended Cab 2WD $158 $312 $382 $22 $114 $988 $82
Colorado LT 4WD $158 $256 $324 $20 $96 $854 $71
Colorado LT Crew Cab 2WD $158 $312 $382 $22 $114 $988 $82
Colorado LT Extended Cab 4WD $158 $256 $324 $20 $96 $854 $71
Colorado LT Crew Cab 4WD $182 $312 $324 $20 $96 $934 $78
Get Your Own Custom Quote Go

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.

Calculate deductible break even point

Average monthly premium for $100 deductibles: $111
Average monthly premium for $1,000 deductibles (subtract): – $77
Monthly savings from raising deductible: $34
Difference between deductibles ($1,000 – $100): $900
Divide difference by monthly savings: $900 / $34
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

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.

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.

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.

El Paso insurance agentsAfter 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.

7399 Alameda AveEl Paso, TX 79915(915) 772-9000View Map

1760 Airway BlvdEl Paso, TX 79925(915) 771-8552View Map

1029 N Zaragoza Rd AEl Paso, TX 79907(915) 858-1400View Map

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.

5360 N Mesa St #18El Paso, TX 79912(915) 581-8939View Map

1550 Hawkins Blvd Ste 15El Paso, TX 79925(915) 591-0871View Map

Lou Lobato – State Farm Insurance Agent
1810 Trawood Dr lEl Paso, TX 79935(915) 598-5401View Map

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.

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.

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.

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: