Save on Chevy Colorado Insurance in Fort Worth

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Chevy Colorado insurance policy
Chevy Colorado insurance policy image courtesy of QuoteInspector.com

The preferred way to find lower priced Chevy Colorado insurance is to start comparing prices yearly from companies that insure vehicles in Fort Worth. This can be done by completing these steps.

  • Step 1: It will benefit you to learn about individual coverages and the measures you can control to lower rates. Many rating criteria that are responsible for high rates like traffic citations, accidents, and poor credit history can be remedied by making small lifestyle or driving habit changes. Continue reading for additional tips to help keep prices low and earn a bigger discount.
  • Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agents can provide rate quotes from multiple sources. View prices
  • Step 3: Compare the new rates to your existing policy to determine if switching companies saves money. If you find a lower rate quote and change companies, ensure coverage does not lapse between policies.

The most important part of shopping around is to compare the same coverage limits and deductibles on each price quote and and to analyze every insurance company. This helps ensure an apples-to-apples comparison and a complete price analysis.

Insurance rates Chevy Colorado in Fort WorthIt's an obvious statement that car insurance companies don't want you to look for a cheaper policy. Consumers who shop around at least once a year are very likely to switch to a new company because there is a good chance of finding discount prices. Surprisingly, a recent survey revealed that consumers who made a habit of comparing rates saved over $3,450 over four years as compared to drivers who didn't regularly shop around.

If finding low prices for Chevy Colorado insurance is your ultimate goal, knowing the best way to compare insurance can help simplify the task of finding more affordable coverage.

Quote Fort Worth Chevy Colorado insurance online

All major auto insurance companies like State Farm and Allstate give prices directly from their websites. Obtaining pricing for Chevy Colorado insurance in Fort Worth is very simple because it's just a matter of typing in the coverage amounts you desire into the quote form. Upon sending the form, the quote system collects credit information and your driving record and returns pricing information determined by many factors. Being able to quote online for Chevy Colorado insurance in Fort Worth simplifies rate comparisons, and it's absolutely necessary to have as many quotes as possible in order to find the best auto insurance rates.

To compare rates using this form now, compare rate quotes from the providers shown below. If you have coverage now, it's recommended that you enter the insurance coverages as close as possible to your current policy. Using the same limits helps guarantee you're receiving a fair comparison based on identical coverages.

The providers in the list below are ready to provide quotes in Fort Worth, TX. If multiple providers are shown, we suggest you compare several of them to get a more complete price comparison.

Rates and other information

The coverage table shown next highlights detailed analysis of insurance premium costs for Chevy Colorado models. Understanding more about how policy rates are figured can help you make informed decisions when shopping around for a new policy.

Chevrolet Colorado Insurance Rates in Fort Worth, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $222 $448 $392 $24 $118 $1,204 $100
Colorado LT Extended Cab 2WD $260 $544 $392 $24 $118 $1,338 $112
Colorado LT 4WD $260 $448 $334 $20 $100 $1,162 $97
Colorado LT Crew Cab 2WD $260 $544 $392 $24 $118 $1,338 $112
Colorado LT Extended Cab 4WD $260 $448 $334 $20 $100 $1,162 $97
Colorado LT Crew Cab 4WD $298 $544 $334 $20 $100 $1,296 $108
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in vehicle location which can impact price quotes noticeably.

Should you raise deductibles?

One of the most common insurance questions is at what level do you set your deductibles. The comparisons below illustrate the price difference between low and high insurance deductibles. The first set of rates uses a $250 comprehensive and collision deductible and the second price chart uses a $500 deductible.

Chevrolet Colorado insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $218 $408 $382 $22 $114 $1,169 $97
Colorado LT Extended Cab 2WD $256 $496 $382 $22 $114 $1,295 $108
Colorado LT 4WD $256 $408 $324 $20 $96 $1,129 $94
Colorado LT Crew Cab 2WD $256 $496 $382 $22 $114 $1,295 $108
Colorado LT Extended Cab 4WD $256 $408 $324 $20 $96 $1,129 $94
Colorado LT Crew Cab 4WD $294 $496 $324 $20 $96 $1,255 $105
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Chevrolet Colorado insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $178 $328 $382 $22 $114 $1,024 $85
Colorado LT Extended Cab 2WD $208 $400 $382 $22 $114 $1,126 $94
Colorado LT 4WD $208 $328 $324 $20 $96 $976 $81
Colorado LT Crew Cab 2WD $208 $400 $382 $22 $114 $1,126 $94
Colorado LT Extended Cab 4WD $208 $328 $324 $20 $96 $976 $81
Colorado LT Crew Cab 4WD $240 $400 $324 $20 $96 $1,080 $90
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Price information does not factor in Fort Worth location which can impact price quotes significantly.

Using the data above, we can ascertain that using a $250 deductible would cost the average driver about $13 more each month or $156 a year than opting for the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you go more than 19 months between claim filings, you would probably come out ahead if you choose the higher deductible.

How to determine if raising deductibles makes sense

Average monthly premium for $250 deductibles: $101
Average monthly premium for $500 deductibles (subtract): - $88
Monthly savings from raising deductible: $13
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $13
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 19 months

One important caveat is that increasing deductibles to save money means you will have to pay more when you have a comprehensive or collision claim. That will force you to have some savings in the bank in the event you need to pay the higher deductible in order to repair your vehicle.

The diagram below illustrates how choosing a deductible and can increase or decrease Chevy Colorado insurance premiums for different age groups. The premium estimates are based on a single male driver, full physical damage coverage, and no additional discounts are factored in.

Insurance rate increases from tickets or accidents

The illustration below shows how traffic citations and fender-benders increase Chevy Colorado yearly insurance costs for different ages of insureds. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no discounts are factored in.

Get Lower-cost Insurance Prices by Understanding These Factors

Lots of factors are taken into consideration when premium rates are determined. Some are pretty understandable such as your driving history, but other factors are more transparent such as your marital status and annual miles driven.

Listed below are some of the items utilized by car insurance companies to help set prices.

  • Get married and get better premiums - Having a wife or husband may cut your premiums compared to being single. Marriage usually means you are more responsible and it's proven that married drivers tend to have fewer serious accidents.
  • If you don't need it don't buy it - There are a ton of extra bells and whistles you can purchase if you aren't diligent. Things like personal injury protection, high-cost glass coverage, and motor club memberships may be costing you every month. These coverages may sound good initially, but your money might be better spent on other coverage so get rid of them and save.
  • Insurance rates and age - Beginning drivers in Texas are known to be inattentive in a vehicle and because of this, their insurance rates are much higher. If you've ever had to add a inexperienced driver to your policy can be quite pricey. Mature drivers are shown to be more cautious, cause fewer claims and accidents, and receive fewer citations.

    The chart below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

  • Insure your auto and home with one company - Most larger insurers apply lower prices to people who have multiple policies with them in the form of a multi-policy discount. Discounts can be ten percent or more. Even if you're getting this discount consumers should still get quotes from other companies to confirm you are receiving the best rates possible. Consumers may save money even if you have your coverage with different companies
  • Theft deterrents save - Choosing a vehicle with a theft deterrent system can earn a premium discount. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
  • Chevy Colorado statistical loss data - Insurers use claims history as a way to help calculate a profitable premium rate. Models that are shown to have high amounts or severity of claims will cost more to insure. The table below shows the loss history for Chevy Colorado vehicles.

    For each policy coverage, the claim amount for all vehicles combined as an average is equal to 100. Percentage numbers below 100 suggest a positive loss record, while percentage numbers above 100 indicate a higher chance of having a claim or tendency to have higher losses.

    Chevrolet Colorado Insurance Loss Statistics
    Specific Chevrolet 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
    Statistics from IIHS.org for 2013-2015 Model Years

Here's why auto insurance is not optional

Despite the high insurance cost for a Chevy Colorado in Fort Worth, buying auto insurance is a good idea for several reasons.

First, just about all states have minimum mandated liability insurance limits which means the state requires a specific level of liability insurance 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.

Second, if you have a lien on your vehicle, more than likely the lender will require you to have insurance to guarantee their interest in the vehicle. If you let the policy lapse, the lender may insure your Chevy at a much higher rate and force you to reimburse them for it.

Third, auto insurance preserves both your Chevy and your personal assets. It will also provide coverage for hospital and medical expenses that are the result of an accident. Liability insurance also pays for attorney fees and expenses if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of buying auto insurance outweigh the cost, especially with large liability claims. The average driver in America is overpaying more than $810 a year so you should quote and compare rates once a year at a minimum to ensure rates are inline.