Save Money on Chevy Colorado Insurance in Charlotte

Do you want to save money by buying lower-priced Chevy Colorado insurance in Charlotte? Drivers who just recently started comparison shopping online might discover locating affordable Chevrolet Colorado insurance rates in Charlotte to be a formidable task.

How to save on Chevy Colorado insurance in Charlotte

If your goal is the lowest price, then the best way to get discount car insurance rates is to make a habit of regularly comparing prices from insurers in Charlotte.

  1. Take a few minutes and learn about car insurance and the things you can change to prevent expensive coverage. Many rating criteria that increase rates like distracted driving and an unacceptable credit history can be controlled by making minor changes in your lifestyle.
  2. Compare prices from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO or Farmers Insurance, while agents who are independent can provide rate quotes from multiple insurance companies. View prices
  3. Compare the new rates to the premium of your current policy to see if a cheaper price is available in Charlotte. If you can save money, make sure there is no lapse in coverage.
  4. Give proper notification to your current agent or company of your decision to cancel the current policy. Submit any necessary down payment along with the completed application to your new insurance company. As soon as you can, keep your new certificate verifying coverage with your registration paperwork.

One important bit of advice is to try to compare the same liability limits and deductibles on every price quote and to quote with as many car insurance companies as possible. Doing this helps ensure an accurate price comparison and a complete selection of prices.

Insurance rates Chevy Colorado in CharlotteWe don’t have to point out that fact that insurance companies don’t want you to look for a cheaper policy. Drivers who compare other prices are likely to buy a new policy because there is a good probability of finding more affordable rates. A recent survey found that people who compared prices regularly saved an average of $3,500 over four years compared to those who never shopped for cheaper rates.

If finding the most affordable Chevy Colorado insurance is the reason you’re reading this, then knowing the best ways to shop for auto insurance can make it easier to shop your coverage around.

You should take the time to get comparison quotes periodically due to the fact that insurance prices change quite often. Despite the fact that you may have had the lowest rates on Chevy Colorado insurance in Charlotte on your last policy a different company probably has better premium rates today. Ignore everything you know about insurance because you’re about to learn one of the easiest ways to find lower rates on insurance.

If you have insurance now, you will surely be able to shop for the lowest rates using these techniques. This article’s intent is to let you in on how car insurance companies work and some tricks to saving. But North Carolina drivers do need to learn how big insurance companies determine what you pay and use it to find better rates.

Smart Buyers Know How to Buy Auto Insurance More Affordably

Smart consumers have a good feel for the factors that aid in calculating your premiums. If you have a feel for what influences your rates, this enables informed choices that can help you get big savings. Lots of things are part of the calculation when quoting car insurance. Some of the criteria are obvious like an MVR report, but other factors are not quite as obvious like your vehicle usage and annual miles driven.

When shopping for Chevy Colorado insurance in Charlotte there are multiple ways to get quotes from different companies. The easiest way to compare rates is to get quotes online.

When comparing insurance rates, know that comparing all the rates in your area gives you a better chance of getting more affordable rates.

The car insurance companies shown below can provide comparison quotes in Charlotte, NC. In order to find cheap auto insurance in NC, we recommend you compare several of them to find the lowest car insurance rates.

Chevy Colorado insurance rate analysis

The coverage table below highlights a range of insurance rates for Chevy Colorado models. Learning as much as possible about how prices are established can help drivers make decisions when choosing a new policy provider.

Chevrolet Colorado Insurance Rates in Charlotte, NC
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $112 $226 $240 $14 $72 $664 $55
Colorado LT Extended Cab 2WD $130 $276 $240 $14 $72 $732 $61
Colorado LT 4WD $130 $226 $204 $12 $60 $632 $53
Colorado LT Crew Cab 2WD $130 $276 $240 $14 $72 $732 $61
Colorado LT Extended Cab 4WD $130 $226 $204 $12 $60 $632 $53
Colorado LT Crew Cab 4WD $150 $276 $204 $12 $60 $702 $59
Get Your Own Custom Quote Go

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and North Carolina minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in garaging location in Charlotte which can modify prices significantly.

Higher deductibles save money

A question often asked by Charlotte drivers is what deductibles to buy. The figures shown below can help you understand the rate fluctuation between low and high coverage deductibles. The first price estimate table uses a $250 physical damage deductible and the second price table uses a $500 deductible.

Chevrolet Colorado insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $142 $266 $250 $14 $74 $771 $64
Colorado LT Extended Cab 2WD $168 $324 $250 $14 $74 $855 $71
Colorado LT 4WD $168 $266 $212 $12 $64 $747 $62
Colorado LT Crew Cab 2WD $168 $324 $250 $14 $74 $855 $71
Colorado LT Extended Cab 4WD $168 $266 $212 $12 $64 $747 $62
Colorado LT Crew Cab 4WD $192 $324 $212 $12 $64 $829 $69
Get Your Own Custom Quote Go

Chevrolet Colorado insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $116 $214 $250 $14 $74 $668 $56
Colorado LT Extended Cab 2WD $136 $262 $250 $14 $74 $736 $61
Colorado LT 4WD $136 $214 $212 $12 $64 $638 $53
Colorado LT Crew Cab 2WD $136 $262 $250 $14 $74 $736 $61
Colorado LT Extended Cab 4WD $136 $214 $212 $12 $64 $638 $53
Colorado LT Crew Cab 4WD $156 $262 $212 $12 $64 $706 $59
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Table data does not factor in specific location information which can increase or decrease premium rates noticeably.

We can derive from the above data that using a $250 deductible will cost in the ballpark of $10 more each month or $120 for a full year than choosing the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you average at least 25 months between claims, you would probably come out ahead going with the higher deductible.

Full coverage versus liability-only in Charlotte

The example below visualizes the comparison of Chevy Colorado auto insurance rates with and without physical damage coverage. The premiums assume no claims or violations, $250 deductibles, marital status is single, and no discounts are applied to the premium.

Should you pay for full coverage?

There is no set guideline for excluding full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.

For example, let’s say your Chevy Colorado replacement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $7,000 after paying your deductible. If you are paying more than $700 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are a few cases where only buying liability is not a good plan. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should maintain full coverage.

Three reasons to not skimp on auto insurance

Despite the potentially high cost of Chevy Colorado insurance, buying auto insurance serves a purpose in several ways.

The benefits of having insurance are without a doubt worth the cost, especially when you need to use it. But the average driver in North Carolina is overpaying over $810 a year so it’s very important to do a rate comparison at every renewal to ensure rates are competitive.

Save with these premium slashing discounts

Insurance is not inexpensive, but discounts can save money and there are some available that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you get a quote, but once in a while a discount must be requested specifically prior to receiving the credit.Discount insurance

While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Most only cut the price of certain insurance coverages like comprehensive or collision. Despite the appearance that you can get free auto insurance, you aren’t that lucky.

The illustration below shows the comparison of Chevy Colorado car insurance rates with and without discounts applied. The prices are based on a female driver, no violations or claims, North Carolina 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 multi-policy, safe-driver, multi-car, marriage, claim-free, and homeowner discounts applied.

A few popular companies and their possible discounts are included below.

When quoting, ask each company or agent what discounts are available to you. Depending on the company, some discounts might not be available to policyholders everywhere. If you would like to choose from a list of companies that offer some of these discounts in North Carolina, click here to view.

Are insurance agencies obsolete?

A lot of people still like to talk to an insurance agent and that is a personal choice. One of the benefits of price shopping on the web is you may find better rates but still work with a licensed agent. Supporting neighborhood insurance agencies is important especially in Charlotte.

Insurance agency in CharlotteTo make it easy to find an agent, after completing this quick form, your insurance data is transmitted to local insurance agents in Charlotte that give free quotes for your insurance coverage. There is no reason to contact any agents since price quotes are sent instantly to you. You can find better rates and a licensed agent to work with. If you wish to get a price quote from a particular provider, you can always find their quoting web page and fill out the quote form the provide.

Different types of Charlotte car insurance agents

If you are wanting to purchase car insurance from a local Charlotte insurance agency, it can be helpful to understand the different types of agencies and how they can quote your rates. Agents can be classified as either independent or exclusive depending on the company they work for.

Independent Car Insurance Agents (or Brokers)

These agents often have affiliation with several companies so they can write business with a variety of different insurance companies and get you the best rates possible. If they find a cheaper price, they can switch companies in-house and that require little work on your part.

When comparing rate quotes, you should always get quotes from independent agents to maximize your price options. Many can place coverage with different regional companies that many times have cheaper rates.

The following is a short list of independent insurance agents in Charlotte who may be able to give you cheap rate quotes.

More Charlotte agents

Exclusive Agents

Exclusive insurance agents normally can only provide a single company’s rates and some examples include Allstate, State Farm and Farm Bureau. These agents are unable to compare other company’s rates so if the price isn’t competitive there isn’t much they can do. Exclusive agencies are trained well in insurance sales and that can be a competitive advantage. Some insured continue to choose to use an exclusive agent partially due to loyalty to the company rather than having the cheapest rates.

Shown below is a list of exclusive agencies in Charlotte that can give you price quote information.

More Charlotte agents

Finding a good insurance agent is decision based upon more than just a cheap price quote. A good agent in Charlotte will have answers to these questions.

How much can you save?

When getting Charlotte auto insurance quotes online, don’t be tempted to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced physical damage coverage and found out when filing a claim that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage at the lowest possible cost while still protecting your assets.

Some insurance companies don’t offer the ability to get a quote online and usually these regional insurance providers only sell through local independent agents. Low-cost Chevy Colorado insurance in Charlotte is definitely available on the web and also from your neighborhood Charlotte agents, so compare prices from both to have the best selection.

Throughout this article, we presented many ideas to reduce Chevy Colorado insurance auto insurance rates online in Charlotte. The key concept to understand is the more providers you compare, the higher your chance of finding low cost Charlotte auto insurance quotes. Drivers may even discover the lowest auto insurance rates come from a smaller regional carrier.

Steps to buying cheaper Chevy Colorado insurance in Charlotte

The easiest way to get affordable Chevy Colorado insurance is to start doing a yearly price comparison from companies in Charlotte. You can compare rates by following these guidelines.

Step 1: Try to learn about coverages and the measures you can control to prevent high rates. Many policy risk factors that result in higher rates like traffic tickets, fender benders, and a low credit rating can be controlled by improving your driving habits or financial responsibility.

Step 2: Request price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only give rate quotes from a single company like Progressive or State Farm, while agents who are independent can quote rates from multiple insurance companies.

Step 3: Compare the new rate quotes to your existing coverage to see if a cheaper price is available. If you find a lower rate quote, make sure there is no coverage gap between policies.

Step 4: Notify your company or agent of your intention to cancel the current policy. Submit any necessary down payment along with the completed application to your new agent or company. Once the application is submitted, safely store the certificate verifying proof of insurance in your vehicle’s glove compartment or console.

A key point to remember is that you use the same physical damage deductibles and liability limits on each price quote and and to look at as many auto insurance providers as possible. This enables a fair rate comparison and a complete price analysis.

Additional learning opportunities