How to Compare Lubbock Chevy Colorado Insurance

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Want to know an easy way to compare lower-priced Chevy Colorado insurance in Lubbock? Buying insurance online could seem overwhelming if you have never used online price comparisons. But don't throw in the towel because we're going to show you how to find affordable Chevy Colorado in Lubbock.

Steps to finding lower priced Chevy Colorado insurance in Lubbock

If you want to save the most money, the best way to find cheaper prices for Chevy Colorado insurance in Lubbock is to regularly compare quotes from insurers in Texas.

  1. Read and learn about how auto insurance works and the measures you can control to lower rates. Many risk factors that are responsible for high rates like getting speeding tickets and an imperfect credit rating can be rectified by being financially responsible and driving safely. Read the full article for instructions to get low prices and get bigger discounts.
  2. Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can quote prices for many different companies. Start a quote
  3. Compare the new quotes to your current policy premium to see if a cheaper price is available. If you find a lower rate, make sure coverage is continuous and does not lapse.
  4. Provide notification to your current company of your intention to cancel your current coverage. Submit payment and a completed application to your new carrier. As soon as you can, place the new certificate verifying proof of insurance with your vehicle's registration.

A good tip to remember is to make sure you're comparing similar deductibles and liability limits on every quote request and and to analyze as many companies as feasibly possible. This helps ensure a fair price comparison and the best price selection.

Discount Chevy Colorado insuranceWe don't have to point out that fact that insurance companies don't want policyholders to compare prices from other companies. People who shop around for a cheaper policy are inclined to move their business because they stand a good chance of finding discount prices. A study showed that drivers who regularly compared price quotes saved $865 annually as compared to drivers who never compared rates.

If finding the best rates on insurance is why you're here, then learning a little about the best ways to shop for insurance premiums can save time and make the process easier.

It's important to compare premium rates before your policy renews since insurance prices are constantly changing. Just because you found the lowest rates on Chevy Colorado insurance in Lubbock at your last renewal other companies may now be cheaper. Forget anything you know (or think you know) about insurance because it's time to teach you the easiest way to save on insurance.

Locating the best rates in Lubbock can initially seem challenging. Nearly every car owner who shops for auto insurance stands a good chance to find lower prices. But Texas vehicle owners must comprehend the way companies sell insurance online and take advantage of how the system works.

Chevy Colorado insurance charts and tables

The premium information below outlines different prices for Chevy Colorado models. Learning a little about how insurance rates are formulated can benefit drivers when making decisions when shopping around.

Chevrolet Colorado Insurance Rates in Lubbock, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $188 $404 $358 $22 $108 $1,080 $90
Colorado LT Extended Cab 2WD $220 $492 $358 $22 $108 $1,200 $100
Colorado LT 4WD $220 $404 $304 $18 $92 $1,038 $87
Colorado LT Crew Cab 2WD $220 $492 $358 $22 $108 $1,200 $100
Colorado LT Extended Cab 4WD $220 $404 $304 $18 $92 $1,038 $87
Colorado LT Crew Cab 4WD $252 $492 $304 $18 $92 $1,158 $97
Get Your Own Custom Quote Go

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Table data does not factor in specific zip code location which can impact insurance rates noticeably.

The information below demonstrates how choosing different deductibles and can impact Chevy Colorado premium costs for different insured age categories. The premium estimates are based on a married female driver, comp and collision included, and no discounts are applied.

Driving violations and accidents

The example below demonstrates how traffic citations and at-fault accidents can raise Chevy Colorado annual premium costs for different categories of driver ages. The premiums assume a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.

Chevrolet Colorado annual premiums for males versus females

The diagram below shows the comparison of Chevy Colorado annual premium costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are single, and no discounts are taken into consideration.

Cost of full coverage in Lubbock

The example below shows the comparison of Chevy Colorado auto insurance costs with full physical damage coverage and with liability coverage only. The premiums are based on no claims or driving violations, $1,000 deductibles, drivers are not married, and no discounts are applied.

When to stop buying physical damage coverage

There is no exact formula to stop buying physical damage coverage, but there is a guideline you can consider. If the annual cost of your full coverage insurance is 10% or more of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let's pretend your Chevy Colorado replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most your company would pay you is $3,000 after paying your policy deductible. If premium cost is more than $300 a year for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some situations where only buying liability is not in your best interest. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should not opt for liability only.

How You Can Control Chevy Colorado Insurance Prices

Multiple criteria are taken into consideration when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other criteria are not quite as obvious like where you live or how financially stable you are.

The following are most of the major factors used by your company to calculate rates.

Is you vocation costing you more? - Do you work in a high-stress field? Occupations such as judges, business owners, and miners tend to have the highest average rates in part from job stress and extremely grueling work hours. Other careers such as farmers, engineers and homemakers receive lower rates.

Poor credit decisions can cost you - Having a bad credit rating is a large factor in determining premium rates. Consumers who have excellent credit scores tend to file fewer claims than those with poor credit. Therefore, if your credit is low, you may save money insuring your Chevrolet Colorado by spending a little time repairing your credit.

Long commutes cost more - The more you drive in a year the more you will pay for insurance. Most companies price each vehicle's coverage based upon how the vehicle is primarily used. Autos not used for work or commuting cost less to insure than those used for commuting. It's always a good idea to double check that your insurance coverage is showing the correct usage for each vehicle. A policy that improperly rates your Colorado is just wasting money.

Do you need those extra coverages? - There are a lot of additional coverages that you can get tricked into buying on your Colorado policy. Insurance for things like rental car coverage, accidental death, and extra equipment coverage may not be needed and are just wasting money. You may think they are a good idea when buying your policy, but if you've never needed them in the past get rid of them and save.

Lower rates for married couples - Having a significant other may cut your premiums compared to being single. Having a significant other demonstrates that you tend to be more financially stable it has been statistically shown that drivers who are married are more cautious.

Insurance loss data for Chevy Colorado vehicles - Insurers analyze the history of losses as a tool for profitable underwriting. Vehicles that statistically have increased losses will cost more to insure. The table below illustrates the insurance loss data used by companies for Chevy Colorado vehicles.

For each insurance policy coverage type, the claim amount for all vehicles compiled together equals 100. Percentage numbers below 100 imply a favorable loss record, while values over 100 indicate higher probability of having a loss or statistically larger losses.

Auto Insurance Loss Data for Chevrolet Colorado Models
Vehicle 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: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years

What is the best auto insurance company in Lubbock?

Selecting the best car insurance company can be rather challenging considering how many companies sell insurance in Lubbock. The company rank data in the next section could help you analyze which companies to look at comparing price quotes from.

Top 10 Lubbock Car Insurance Companies Overall

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Cheaper rates are available

Some insurance providers may not offer the ability to get quotes online and these small insurance companies prefer to sell through independent agencies. Budget-conscious Chevy Colorado insurance can be sourced from both online companies as well as from independent agents in Lubbock, and you need to price shop both to have the best rate selection.

In this article, we presented many ways to find affordable Chevy Colorado insurance in Lubbock. It's most important to understand that the more times you quote, the higher the chance of saving money. You may even find the best price on auto insurance is with the least-expected company. They can often insure niche markets at a lower cost compared to the large companies like Progressive and GEICO.

Steps to finding lower priced Chevy Colorado insurance in Lubbock

If saving money is your primary concern, then the best way to save money on car insurance rates is to compare prices once a year from different companies in Lubbock. Rates can be compared by following these guidelines.

First, take a few minutes and learn about how car insurance works and the changes you can make to keep rates low. Many rating factors that result in higher prices like at-fault accidents, careless driving, and a negative credit score can be amended by paying attention to minor details.

Second, compare prices from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes for many different companies.

Third, compare the new rates to your existing rates to see if switching to a new carrier will save money. If you find a better price, make sure there is no lapse between the expiration of your current policy and the new one.

Fourth, provide notification to your current company of your intent to cancel the current policy. Submit the completed application along with a down payment for the new policy. Once the paperwork is finalized, safely store the certificate verifying coverage along with your vehicle registration.

One key aspect of rate comparisons is to use identical coverage information on every quote and and to get rates from as many car insurance companies as possible. This ensures a fair rate comparison and the best price selection.

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