Chevy Cobalt Insurance Rate Quotes in Chula Vista

There isn’t a single person who rejoices having to buy auto insurance, in particular when they could find better prices if they shop around.

A recent study showed that about 70% of customers kept their coverage with the same auto insurance company for at least the last four years, and about 40% of consumers have never even compared rates from other companies. Most drivers in America could cut their rates by about 47% a year, but they assume it’s a waste of time to go online and compare rates. Companies like GEICO, Progressive and Allstate all promote huge savings with advertising and it is difficult to ignore the promise of big savings and find the best price available.

The fastest way that we advise to compare rates for Chevy Cobalt insurance in Chula Vista takes advantage of the fact most insurance companies participate in online systems to give you rate quotes. All consumers are required to do is provide a small amount of information such as deductibles desired, whether you are single or married, if the vehicle is leased, and which vehicles you own. Your insurance information is then sent to many of the top insurers and they return quotes within a short period of time.

To get price quotes for your Chevy Cobalt now, click here and complete the form.

The following companies are ready to provide price comparisons in Chula Vista, CA. If you want the best cheap car insurance in Chula Vista, CA, we recommend you visit as many as you can to get a more complete price comparison.

Statistics and details

The rate table shown below covers a range of prices for Chevy Cobalt models. Understanding more about how premiums are formulated is important to be able to make informed coverage decisions.

Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Premium amounts do not factor in garaging location in Chula Vista which can alter auto insurance rates considerably.

Raise deductibles and save

One of the more difficult decisions when buying auto insurance is the level to set your comp and collision deductibles. The rates below lay out the rate differences of buying low and high physical damage deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate quotes do not factor in your specific Chula Vista location which can alter premiums considerably.

Based on the figures above, using a $250 deductible would cost the average driver about $19 more each month or $228 every year averaged for all Cobalt models than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you go at least 13 months between claim filings, you would save money if you choose the higher deductible. The table below shows a better example of how you can do this calculation yourself.

The information below highlights how deductible choice and can influence Chevy Cobalt insurance costs for different age groups of insureds. The rates are based on a married female driver, comp and collision included, and no policy discounts are applied.

Cost of full coverage in Chula Vista

The diagram below compares Chevy Cobalt car insurance costs when comparing full coverage to liability only. The data assumes no violations or accidents, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

When to buy liability coverage only

There is no written rule to stop paying for comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your Chevy Cobalt book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,000 after the deductible is paid. If you are paying more than $700 a year to have full coverage, then it might be time to buy liability only.

There are a few situations where buying only liability insurance is not recommended. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Why You Might Pay Lower Rates in Chula Vista

It’s important that you understand some of the elements that aid in calculating your policy premiums. If you know what influences your rates, this allows you to make good choices that could help you find lower rates. Lots of factors are part of the equation when premium rates are determined. Some factors are common sense like a motor vehicle report, but other criteria are less obvious such as your marital status or your commute time.

Occupation can influence prices – Careers such as military personnel, airline pilots, and dentists are shown to have higher premium rates because of high stress and long work hours. On the other hand, professions such as scientists, engineers and homemakers receive lower rates.

Increase physical damage deductibles and save – Protection for physical damage, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your Chevy. Some coverage claims are a broken windshield, damage from fire, and burglary. Your deductibles define the amount you are required to spend before your car insurance pays a claim. The more the insured is willing to pay, the less your car insurance will be.

Performance makes a difference – The performance of the car you need to insure makes a big difference in determining your rates. The lowest rates are usually found on low performance passenger models, but many other things help determine your insurance rates.

The chart below is based on a married male driver age 50, full coverage with $1000 deductibles, and no discounts or violations. The data compares Chevrolet Cobalt policy rates compared to other makes and models that have a range of risk factors.

Commute or pleasure use – The higher the mileage driven in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers charge rates based on how the vehicle is used. Vehicles used primarily for pleasure use can get a lower rate than those that get driven frequently. It’s a smart idea to ensure your car insurance policy is showing the correct driver usage. Having an incorrect usage rating on your Cobalt can result in significantly higher rates.

Companies want multiple policies – Lots of insurers will award a discount to customers that purchase more than one policy, otherwise known as a multi-policy discount. Even if you qualify for this discount already, it’s still a good idea to shop around to guarantee you are still saving the most.

Driving citations drive up prices – A bad driving record impacts premiums far more than you think. Even one speeding ticket or other violation can increase the cost of insurance by as much as thirty percent. Drivers who don’t get tickets get better rates than people who have multiple driving citations. Drivers who have gotten multiple tickets like reckless driving or DUI may face state-mandated requirements to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent their license from being revoked.

The example below illustrates how speeding tickets and accidents can affect Chevy Cobalt insurance costs for each age group. The rates are based on a married female driver, full physical damage coverage, $100 deductibles, and no discounts are taken into consideration.

Three reasons auto insurance is important

Despite the high cost of buying insurance for a Chevy Cobalt in Chula Vista, maintaining insurance serves a purpose in several ways.

First, the majority of states have mandatory liability insurance requirements which means you are required to buy a minimum amount of liability insurance in order to get the vehicle licensed. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.

Second, if your Cobalt has a loan, more than likely the lender will make it a condition of the loan that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Chevy for a lot more money and force you to pay much more than you were paying before.

Third, insurance safeguards not only your vehicle but also your financial assets. It will also cover medical transport and hospital expenses for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance definitely exceed the cost, particularly for liability claims. An average driver in America is currently overpaying as much as $700 annually so it’s important to compare rates at every renewal to ensure rates are inline.