Save Money on Chevy Colorado Insurance in Los Angeles

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Chevy Colorado insurance
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Insurance rates Chevy Colorado in Los AngelesTrying to find better insurance prices for a Chevy Colorado in California can be a painful process, but you can follow a few tricks to save time. There is a right way and a wrong way to shop for car insurance and you need to know the quickest way to get price quotes for a new or used Chevy and obtain the best price possible.

You need to check car insurance prices yearly due to the fact that insurance rates trend upward over time. Even if you got the lowest rate on Chevy Colorado insurance in Los Angeles a couple years back you can probably find a lower rate today. Block out anything you think you know about car insurance because you're about to find out the proper way to properly buy coverages while reducing your premium.

Finding a lower price on insurance is actually quite simple. All you need to do is take a couple of minutes to compare rates provided by online insurance companies.

The providers in the list below are ready to provide price quotes in California. If several companies are displayed, we recommend you compare several of them to get the lowest price.

Chevy Colorado coverage statistics

The data table displayed next showcases detailed analysis of coverage prices for Chevy Colorado models. Having a better understanding of how insurance prices are determined can benefit drivers when making smart choices when comparing insurance quotes.

Chevrolet Colorado Insurance Rates in Los Angeles, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $206 $382 $442 $26 $132 $1,188 $99
Colorado LT Extended Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Colorado LT 4WD $242 $382 $376 $22 $112 $1,134 $95
Colorado LT Crew Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Colorado LT Extended Cab 4WD $242 $382 $376 $22 $112 $1,134 $95
Colorado LT Crew Cab 4WD $278 $464 $376 $22 $112 $1,252 $104
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Price estimates do not factor in zip code location which can decrease or increase prices noticeably.

Physical damage deductible comparison

One of the most common insurance questions is how high should the physical damage deductibles be. The rates below may help you to understand how much more rates are between low and high physical damage deductibles. The first set of rates uses a $100 comprehensive and collision deductible and the second rate table uses a $500 deductible.

Chevrolet Colorado insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $282 $564 $442 $26 $132 $1,471 $123
Colorado LT Extended Cab 2WD $332 $686 $442 $26 $132 $1,643 $137
Colorado LT 4WD $332 $564 $376 $22 $112 $1,431 $119
Colorado LT Crew Cab 2WD $332 $686 $442 $26 $132 $1,643 $137
Colorado LT Extended Cab 4WD $332 $564 $376 $22 $112 $1,431 $119
Colorado LT Crew Cab 4WD $380 $686 $376 $22 $112 $1,601 $133
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Chevrolet Colorado insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $206 $382 $442 $26 $132 $1,188 $99
Colorado LT Extended Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Colorado LT 4WD $242 $382 $376 $22 $112 $1,134 $95
Colorado LT Crew Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Colorado LT Extended Cab 4WD $242 $382 $376 $22 $112 $1,134 $95
Colorado LT Crew Cab 4WD $278 $464 $376 $22 $112 $1,252 $104
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate quotes do not factor in garaging location in Los Angeles which can modify premiums significantly.

Based on this data, using a $100 deductible will cost in the ballpark of $26 more each month or $312 annually than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you average at a minimum 15 months between claims, you would probably save some money by going with a higher deductible.

How to calculate deductible break even period

Average monthly premium for $100 deductibles: $128
Average monthly premium for $500 deductibles (subtract): - $102
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One big caveat is that a higher deductible level results in more money out-of-pocket when you file a claim. That will force you to have some available funds in the event you have to pay the deductible.

The diagram below illustrates how your choice of deductibles and can change Chevy Colorado premium costs for different age groups. The data assumes a single female driver, full physical damage coverage, and no discounts are applied to the premium.

Chevy Colorado insurance rates: Men versus women

The diagram below illustrates the comparison of Chevy Colorado insurance costs for male and female drivers. The data assumes a clean driving record, no claims, full coverage, $500 deductibles, marital status is single, and no discounts are taken into consideration.

Price comparison of only insuring for liability

The information below visualizes the comparison of Chevy Colorado insurance prices when comparing full coverage to state minimum liability only. The rates are based on no violations or accidents, $1,000 deductibles, drivers are not married, and no discounts are taken into consideration.

When to switch to liability coverage only

There is no clear-cut rule that is best for determining when to drop physical damage coverage, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's pretend your Chevy Colorado settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the deductible is paid. If it's costing you more than $800 a year for your policy with full coverage, then it could be time to drop full coverage.

There are a few cases where only buying liability is not a good plan. If you still have a lienholder on your title, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not buy liability only.

Get discounts on Los Angeles auto insurance

Companies that sell car insurance don't always advertise every policy discount in a way that's easy to find, so we break down both the well known and also the lesser-known discounts that you may qualify for. If you are not receiving all the discounts you deserve, you could be paying more than you need to.Cheaper auto insurance with discounts

  • Good Student - Being a good student may save as much as 25% on a Los Angeles car insurance quote. Most companies allow this discount well after school through age 25.
  • Theft Deterrent System - Vehicles that have factory alarm systems and tracking devices can help prevent theft and will qualify for a discount on a Los Angeles car insurance quote.
  • Air Bags and Passive Restraints - Cars that have air bags or automatic seat belts may get savings of 20% or more.
  • Safe Drivers - Insureds without accidents can pay as much as 50% less than drivers with accident claims.
  • Discount for Life Insurance - Not all companies offer life insurance, but some may give you lower auto insurance rates if you buy a life policy as well.

As a footnote on discounts, many deductions do not apply to the entire cost. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears it's possible to get free car insurance, insurance companies wouldn't stay in business. Any qualifying discounts should help lower the cost of your policy.

The example below visualizes the comparison of Chevy Colorado insurance prices with and without some available policy discounts. The rate quotes are based on a female driver, no claims or driving violations, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, claim-free, multi-policy, and marriage discounts applied.

If you would like to see a list of auto insurance companies who offer auto insurance discounts in California, click here to view.

Why you need insurance for your Chevy Colorado

Despite the high cost, car insurance may be required and benefits you in several ways.

  • Just about all states have mandatory liability insurance requirements which means the state requires a specific level of liability in order to license the vehicle. 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.
  • If your Chevy has a loan, it's guaranteed your bank will stipulate that you buy full coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may have to buy a policy to insure your Chevy for a lot more money and require you to fork over for the much more expensive policy.
  • Car insurance protects both your Chevy and your assets. It also can pay for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also covers legal expenses if someone files suit against you as the result of an accident. If your Chevy gets damaged, comprehensive (other-than-collision) and collision coverage will cover the damage repairs after a deductible is paid.

The benefits of buying car insurance more than cancel out the cost, especially if you ever need it. Today the average American driver is overpaying more than $810 a year so it's very important to do a rate comparison each time the policy renews to ensure rates are inline.

Local Los Angeles insurance agents and insurance

Some people still like to get professional advice from a licensed agent and we recommend doing that Agents will help you protect your assets and give you someone to call. One of the benefits of comparing rates online is that drivers can save money and get lower prices and still have a local agent.

After completing this short form, your coverage information is submitted to local insurance agents in Los Angeles that give free quotes for your business. You won't need to leave your house because quoted prices will be sent immediately to you. If you wish to quote rates from a specific company, just navigate to their website and fill out their quote form.

Choosing an provider should include more criteria than just a cheap quote. Ask your prospective agent these questions:

  • Does the company allow you to choose your own collision repair facility?
  • Can you contact them at any time?
  • If your car is totaled, how to they determine the replacement cost?
  • Does the company have a solid financial rating?
  • Will the agent help in case of a claim?

The difference between Los Angeles auto insurance agents

When narrowing the list to find a local insurance agency, it helps to know the two types of agencies and how they operate. Agents can be described as either exclusive or independent agents depending on their company appointments. Either can write insurance policies, but it's a good idea to understand the differences because it can impact the selection process.

Exclusive Agents

Exclusive insurance agents work for only one company and some examples include State Farm, AAA, Farmers Insurance or Allstate. Exclusive agents cannot provide rate quotes from other companies so you might not find the best rates. Exclusive agents are usually quite knowledgeable on what they offer and that can be a competitive advantage. Some insured continue to use the same exclusive agent partially due to loyalty to the company rather than having low rates.

Below are exclusive insurance agencies in Los Angeles that are able to give rate quotes.

More insurance agents

Independent Insurance Agents

Independent insurance agents are not restricted to one company so they can write business through lots of different companies and possibly get better coverage at lower prices. If they quote lower rates, they simply move your policy to a different company and you can keep the same agent. When comparing insurance prices, you will want to include at least one independent agent to get the best comparison. A lot of them also have access to smaller companies which can be an advantage.

Below is a list of independent agents in Los Angeles willing to provide rate quotes.

More insurance agents

Once you have satisfactory answers as well as an affordable premium quote, you have narrowed it down to an insurance agency that is reputable and can adequately provide insurance. Just be aware that consumers can cancel your coverage whenever you choose to so don't assume you are locked into a specific company with no way out.