If saving the most money is your goal, then the best way to find the cheapest price for auto insurance rates is to compare prices regularly from insurers who sell auto insurance in Mesa. Drivers can shop around by following these steps.
- Take a little time to learn about individual coverages and the things you can control to keep rates down. Many rating factors that result in higher prices like high-risk driving behaviors and a low credit score can be controlled by making minor changes to your lifestyle.
- Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO and Allstate, while independent agents can provide price quotes from multiple sources.
- Compare the price quotes to your existing rates to determine if you can save on Cobalt insurance in Mesa. If you can save some money and switch companies, ensure coverage does not lapse between policies.
An important bit of advice to remember is to compare the same physical damage deductibles and liability limits on every price quote and and to look at as many car insurance companies as possible. Doing this provides the most accurate price comparison and a complete price analysis.
We don’t have to point out that fact that auto insurance companies don’t want you shop around. Consumers who get price comparisons will presumably move their business because they have good chances of getting low-cost coverage. A recent survey discovered that people who faithfully checked for cheaper rates saved about $865 annually as compared to drivers who never compared other company’s rates.
If finding the cheapest rates on Chevy Cobalt insurance in Mesa is your goal, understanding how to find companies and compare coverages can make the process more efficient.
What Determines Chevy Cobalt Insurance Rates?
Smart consumers have a good feel for some of the elements that help determine the level of your policy premiums. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that could result in lower rates.
Prevent theft and save – Purchasing a vehicle that has an advanced theft prevention system can save you some money. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.
Gender matters – Over the last 50 years, statistics have shown that women are safer drivers than men. This data doesn’t prove that men are WORSE drivers than women. Men and women have at-fault accidents in similar percentages, but the males have costlier accidents. Not only that, but men also get more serious tickets such as DWI and reckless driving.
The information below illustrates the comparison of Chevy Cobalt insurance rates for male and female drivers. The rate quotes are based on no driving violations, no at-fault accidents, comp and collision included, $100 deductibles, drivers are not married, and no discounts are factored in.
High physical damage deductibles cost less – The deductibles you choose tell how much you are required to spend if a covered claim is submitted. Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims could be colliding with a stationary object, fire damage, and damage caused by road hazards. The more of the claim the insured has to pay upfront, the bigger discount you will receive.
Good credit saves on insurance – Having a bad credit score is a big factor in determining what you pay for insurance. If your credit score is low, you may save money insuring your Chevrolet Cobalt by repairing your credit. Drivers with excellent credit tend to be better drivers and file fewer claims than drivers who have worse credit.
Discounts for married drivers – Your spouse may save some money on your policy. Marriage usually means you are more financially stable it has been statistically shown that married drivers tend to file fewer claims.
Multiple policies with one company can save – Some insurers will award lower prices for people who have multiple policies with them. It’s known as a multi-policy discount. Even with this discount, drivers will still want to check prices from other companies to confirm you are receiving the best rates possible. Consumers may save money by splitting coverages up.
If you don’t need it don’t buy it – There are a lot of extra bells and whistles that you can buy but may not be useful. Insurance for things like coverage for rental cars, high-cost glass coverage, and motor club memberships may be costing you every month. You may think they are a good idea when you first buy your policy, but if you’ve never needed them in the past consider taking them off your policy.
Insurance coverage analysis
The coverage table below highlights a range of insurance prices for Chevy Cobalt models. Knowing how premiums are established can help you make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $230 | $460 | $444 | $26 | $132 | $1,292 | $108 |
| Cobalt XFE 4-Dr Sedan | $230 | $460 | $444 | $26 | $132 | $1,292 | $108 |
| Cobalt LS 2-Dr Coupe | $264 | $460 | $490 | $30 | $146 | $1,390 | $116 |
| Cobalt XFE 2-Dr Coupe | $264 | $460 | $490 | $30 | $146 | $1,390 | $116 |
| Cobalt LT 4-Dr Sedan | $264 | $460 | $444 | $26 | $132 | $1,326 | $111 |
| Cobalt LT 2-Dr Coupe | $298 | $460 | $490 | $30 | $146 | $1,424 | $119 |
| Cobalt SS Turbo 2-Dr Coupe | $332 | $600 | $490 | $30 | $146 | $1,598 | $133 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Information does not factor in specific location information which can modify premiums significantly.
An analysis of deductible level
One of the hardest decisions when shopping for car insurance is which deductible level should you buy. The figures shown below lay out the price difference between high and low physical damage coverage deductibles. The first pricing table uses a $100 physical damage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $224 | $548 | $338 | $20 | $102 | $1,257 | $105 |
| Cobalt XFE 4-Dr Sedan | $224 | $548 | $338 | $20 | $102 | $1,257 | $105 |
| Cobalt LS 2-Dr Coupe | $258 | $548 | $374 | $22 | $112 | $1,339 | $112 |
| Cobalt XFE 2-Dr Coupe | $258 | $548 | $374 | $22 | $112 | $1,339 | $112 |
| Cobalt LT 4-Dr Sedan | $258 | $548 | $338 | $20 | $102 | $1,291 | $108 |
| Cobalt LT 2-Dr Coupe | $292 | $548 | $374 | $22 | $112 | $1,373 | $114 |
| Cobalt SS Turbo 2-Dr Coupe | $324 | $716 | $374 | $22 | $112 | $1,573 | $131 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $124 | $290 | $338 | $20 | $102 | $874 | $73 |
| Cobalt XFE 4-Dr Sedan | $124 | $290 | $338 | $20 | $102 | $874 | $73 |
| Cobalt LS 2-Dr Coupe | $144 | $290 | $374 | $22 | $112 | $942 | $79 |
| Cobalt XFE 2-Dr Coupe | $144 | $290 | $374 | $22 | $112 | $942 | $79 |
| Cobalt LT 4-Dr Sedan | $144 | $290 | $338 | $20 | $102 | $894 | $75 |
| Cobalt LT 2-Dr Coupe | $162 | $290 | $374 | $22 | $112 | $960 | $80 |
| Cobalt SS Turbo 2-Dr Coupe | $180 | $376 | $374 | $22 | $112 | $1,064 | $89 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Information does not factor in Mesa location which can alter coverage rates considerably.
Based on the data above, we can derive that using a $100 deductible will cost you roughly $34 more each month or $408 every year averaged for all Cobalt models than choosing the higher $1,000 deductible. Because you would pay $900 more out-of-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 most likely save money if you elect the higher deductible. The illustration below shows how you can make your own decision.
| Average monthly premium for $100 deductibles: | $112 |
| Average monthly premium for $1,000 deductibles (subtract): | – $78 |
| 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 important note is that raising deductibles means you pay more out-of-pocket when you have a claim. It will be required that you have a higher level of savings in order to pay the deductible to have repairs made.
Cost difference between full coverage and liability
The illustration below shows the comparison of Chevy Cobalt insurance premiums when comparing full coverage to state minimum liability only. Data assumes no claims or driving citations, $500 deductibles, single status, and no policy discounts are applied.
When to drop comprehensive and collision coverage
There is no set guideline for excluding physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s say your Chevy Cobalt book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $7,000 after the deductible is paid. If it’s costing in excess of $700 a year for full coverage, then it could be time to drop full coverage.
There are some conditions where removing full coverage is not a good idea. If you still owe money on your vehicle, you have to keep full coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not buy liability only.
Slash rates with these discounts
Companies offering auto insurance do not advertise all discounts very clearly, so the list below details a few of the more well known as well as the least known credits available to lower your premiums when you buy Mesa auto insurance online. If you are not receiving all the discounts you qualify for, you are throwing money away.
- Defensive Driver Discounts – Taking part in a course that instructs on driving safety may get you a small discount and make you a better driver.
- Military Discounts – Having a deployed family member may qualify for rate reductions.
- Multi-line Discount – Not all companies offer life insurance, but some may give you better auto insurance rates if you take out life insurance.
- Driver Education Discount – Have your child take driver’s ed class as it will make them better drivers and lower rates.
- Save with More Vehicles Insured – Drivers who insure multiple vehicles with the same company can reduce the rates for all insured vehicles.
Discounts lower rates, but many deductions do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as comprehensive or collision. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will help reduce the premium cost.
The information below illustrates the comparison of Chevy Cobalt auto insurance rates with and without discounts applied to the policy premium. The data is based on a male driver, no accidents or driving violations, Arizona state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, homeowner, safe-driver, multi-car, and multi-policy discounts applied.
Some companies that may offer policyholders some of the above discounts include:
When getting a coverage quote, ask every prospective company which discounts you qualify for. Some discounts might not be available to policyholders everywhere. To see auto insurance companies who offer auto insurance discounts in Mesa, click here.
Cheaper auto insurance is a realistic goal
Budget-conscious Chevy Cobalt insurance is available on the web and also from your neighborhood Mesa agents, so you need to shop Mesa auto insurance with both to have the best selection. Some auto insurance companies may not have rates over the internet and most of the time these small insurance companies work with independent agents.
You just learned many tips how you can shop for Chevy Cobalt insurance online. The most important thing to understand is the more rate quotes you have, the better chance you’ll have of finding cheaper Mesa auto insurance quotes. You may even find the lowest car insurance rates come from a lesser-known regional company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as Allstate and Progressive.
When getting Mesa auto insurance quotes online, you should never reduce needed coverages to save money. In many cases, someone dropped physical damage coverage and learned later that it was a big error on their part. Your objective should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.
Additional articles
- Rollover Crash FAQ (iihs.org)
- Who Has Affordable Car Insurance for Drivers with Bad Credit in Mesa? (FAQ)
- What Car Insurance is Cheapest After a Speeding Ticket in Mesa? (FAQ)
- Who Has Affordable Mesa Auto Insurance with Multiple Speeding Tickets? (FAQ)
- Who Has Affordable Auto Insurance Quotes for Good Students in Mesa? (FAQ)
- Auto Insurance for Teen Drivers (Insurance Information Institute)
- Your Car has been Stolen: Now What? (Allstate)