Chevy Colorado insurance policy image courtesy of QuoteInspector.com
The best way we recommend to get affordable Chevy Colorado insurance is to start comparing rates regularly from providers in Minneapolis. You can shop around by following these guidelines.
First, get an understanding of what coverages are included in your policy and the things you can control to prevent expensive coverage. Many risk factors that are responsible for high rates like inattentive driving and poor credit history can be eliminated by making lifestyle changes or driving safer. This article provides additional tips to prevent high rates and find missing discounts.
Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive or State Farm, while independent agents can provide price quotes from many different companies.
Third, compare the new rate quotes to your existing coverage to see if a cheaper rate is available. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
The key aspect of shopping around is to make sure you enter identical coverages on every quote and and to analyze all possible companies. Doing this provides the most accurate price comparison and a thorough selection of prices.
It's a fact that insurance companies want to keep you from shopping around. Drivers who shop around for cheaper rates will probably switch auto insurance companies because there are good odds of getting low-cost coverage. A study showed that consumers who compared rate quotes regularly saved $3,400 over four years compared to policyholders who never compared prices.
If finding the cheapest rates on car insurance in Minneapolis is the reason for your visit, then understanding how to shop and compare insurance premiums can help you succeed in saving money.
You may qualify for discounts for Chevy Colorado insurance in Minneapolis
Insurance is not an enjoyable expense, but there could be available discounts that could help you make your next renewal payment. Some of these discounts will be visible at quote time, but a few must be manually applied before they will apply. If you aren't receiving every discount you deserve, you are just wasting money.
- 55 and Retired - Drivers over the age of 55 could receive lower premium rates.
- Good Driver Discounts - Insureds without accidents could pay up to 40% less than their less cautious counterparts.
- Student Discounts - Maintaining excellent grades can earn a discount of 20% or more. This discount can apply up until you turn 25.
- Low Mileage Discounts - Maintaining low annual mileage could earn slightly better rates than normal.
- Bundled Policy Discount - If you have multiple policies with the same insurance company you may save nearly 15% which can help you find cheap Colorado insurance.
- Student Discount for Driver Training - Require your teen driver to enroll and complete driver's education if it's offered in school.
Don't be shocked that most credits do not apply to your bottom line cost. Most cut individual premiums such as liability and collision coverage. Even though the math looks like adding up those discounts means a free policy, company stockholders wouldn't be very happy. Any qualifying discounts will help reduce your overall bill.
The information below illustrates the difference between Chevy Colorado yearly insurance costs with and without discounts applied to the policy premium. The prices are based on a female driver, no accidents, no driving violations, Minnesota state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, homeowner, safe-driver, marriage, claim-free, and multi-car discounts applied.
Some of the insurance companies that may include these benefits include:
Double check with every prospective company which discounts you may be entitled to. Some of the earlier mentioned discounts might not apply everywhere. To see insurance companies with discount rates in Minnesota, click here to view.
How to get free Chevy Colorado insurance quotes online
Most major insurance companies make it easy to get coverage price quotes directly from their websites. Getting quotes for Chevy Colorado insurance in Minneapolis doesn't take much effort as you just enter your coverage preferences on the page. After you submit the form their rating system pulls your driving and credit reports and generates a price based on many factors.
This makes it a lot easier to compare rates and it's absolutely necessary to have as many quotes as possible if you are searching for the cheapest price on car insurance.
To compare pricing, visit the companies below or click here to submit a quote request to multiple companies at once. If you have a policy now, it's recommended you enter your coverages as close as possible to your current policy. This ensures you will get a price comparison for similar insurance coverage.
The companies shown below offer free quotes in Minnesota. If your goal is to find the best car insurance in Minneapolis, MN, it's highly recommended you visit several of them to get the best price comparison.
Chevy Colorado coverage statistics
The premium table displayed next highlights detailed analysis of coverage prices for Chevy Colorado models. Having a good grasp of how auto insurance policy rates are figured can help guide drivers when making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Colorado LT 2WD||$110||$210||$324||$20||$96||$760||$63|
|Colorado LT Extended Cab 2WD||$128||$254||$324||$20||$96||$822||$69|
|Colorado LT 4WD||$128||$210||$274||$16||$82||$710||$59|
|Colorado LT Crew Cab 2WD||$128||$254||$324||$20||$96||$822||$69|
|Colorado LT Extended Cab 4WD||$128||$210||$274||$16||$82||$710||$59|
|Colorado LT Crew Cab 4WD||$146||$254||$274||$16||$82||$772||$64|
|Get Your Own Custom Quote Go|
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can raise or lower premiums noticeably.
The chart below shows how choosing a deductible and can change Chevy Colorado insurance costs for different age groups of insureds. The premiums assume a married male driver, full physical damage coverage, and no discounts are applied to the premium.
Responsible drivers pay cheaper Minneapolis insurance rates
The diagram below shows how speeding tickets and at-fault accidents can influence Chevy Colorado insurance rates for different categories of driver ages. The premium estimates are based on a married female driver, full coverage, $250 deductibles, and no policy discounts are applied.
Comparison of insurance rates by age and gender
The example below visualizes the comparison of Chevy Colorado car insurance costs for male and female drivers. The data is based on a clean driving record, no claims, comp and collision included, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.
Should you buy full coverage?
The information below illustrates the comparison of Chevy Colorado premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Minnesota. The rates are based on no violations or claims, $100 deductibles, marital status is single, and no policy discounts are applied.
When to switch to liability coverage only
There is no set guideline to delete physical damage coverage, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of the replacement cost minus the deductible, then it's probably a good time to buy liability coverage only.
For example, let's pretend your Chevy Colorado replacement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, you would only receive $5,000 after the deductible is paid. If you are currently paying more than $500 annually for physical damage coverage, then it may be the right time to buy liability only.
There are a few situations where removing full coverage is not advised. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not opt for liability only.
Local Minneapolis insurance agencies
Many drivers still like to go talk to an agent and that is a smart decision The biggest benefit of price shopping on the web is that drivers can save money and get the best rates and still buy from a local agent.
By using this form (opens in new window), your coverage information is submitted to insurance agents in Minneapolis who can give free rate quotes and help you find cheaper coverage. It's much easier because you don't need to contact any insurance agencies because quoted prices will be sent to you. You'll get the best rates without having to waste a lot of time. If you want to get a comparison quote from one company in particular, feel free to jump over to their website and fill out the quote form the provide.
Finding the right company should depend on more than just a cheap price. Any agent in Minneapolis should be willing to answer these questions.
- What company holds the largest book of business for them?
- Did they already check your driving record and credit reports?
- Is their price quote a firm figure or are their hidden costs?
- Do the coverages you're quoting properly cover your vehicle?
- Can glass claims be handled at your home?
If you are searching for a local insurance agency, it helps to know the two types of agencies and how they can quote your rates. Insurance agencies in Minneapolis may be either exclusive or independent agents depending on their company appointments.
Agents that elect to be exclusive normally can only provide a single company's rates like Farmers Insurance, State Farm, or Allstate. Exclusive agents are unable to provide other company's prices so they really need to provide good service. Exclusive agents are usually quite knowledgeable on their products and sales techniques which aids in selling service over price. Consumers sometimes choose to use a exclusive agent mostly because of the brand name and strong financial ratings.
Below are exclusive insurance agencies in Minneapolis who can help you get price quote information.
- AAA Minneapolis Insurance
5400 Auto Club Way - Minneapolis, MN 55416 - (952) 927-2518 - View Map
- John Arens - State Farm Insurance Agent
3259 Johnson St NE - Minneapolis, MN 55418 - (612) 781-3454 - View Map
- Moon Lai - State Farm Insurance Agent
2718 Nicollet Ave #204 - Minneapolis, MN 55408 - (612) 870-0800 - View Map
Independent Auto Insurance Agents
Agents in the independent channel often have many company appointments so they can quote policies with an assortment of companies enabling the ability to shop coverage around. If they quote lower rates, an independent agent can move your coverage which makes it simple for you. When searching for an agent, you will want to check rates from independent agents for the best price selection. Most independent agents also contract with less well-known companies which may have better rates.
Listed below is a list of independent insurance agencies in Minneapolis that are able to give price quotes.
- Criterion Insurance Agency
3300 Fernbrook Ln N #170 - Minneapolis, MN 55447 - (800) 701-5909 - View Map
- Insurance Advantage Agency LLC
7600 Parklawn Ave #350 - Minneapolis, MN 55435 - (952) 746-5770 - View Map
- Patrick J. Thomas Agency
121 S 8th St #980 - Minneapolis, MN 55402 - (612) 339-5522 - View Map
After receiving good feedback to any questions you may have and a low price estimate, you've probably found an insurance agency that is reliable enough to adequately provide auto insurance.
Auto insurance 101
Understanding the coverages of your policy can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.
Medical expense insurance - Medical payments and Personal Injury Protection insurance kick in for bills like prosthetic devices, ambulance fees, doctor visits, chiropractic care and dental work. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Liability coverages - Liability coverage protects you from damage that occurs to other's property or people that is your fault. This insurance protects YOU against other people's claims. Liability doesn't cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 30/60/10 that translate to a $30,000 limit per person for injuries, $60,000 for the entire accident, and $10,000 of coverage for damaged property.
Liability coverage protects against claims like medical expenses, funeral expenses, repair costs for stationary objects and medical services. How much liability coverage do you need? That is a personal decision, but it's cheap coverage so purchase higher limits if possible. Minnesota state minimum liability requirements are 30/60/10 but drivers should carry more coverage.
The illustration below shows why buying minimum limits may not be adequate.
Collision - Collision insurance pays for damage to your Colorado caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things like sideswiping another vehicle, rolling your car, crashing into a building and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible on your Colorado to save money on collision insurance.
Protection from uninsured/underinsured drivers - This protects you and your vehicle's occupants when the "other guys" do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle's damage.
Due to the fact that many Minnesota drivers only purchase the least amount of liability that is required (30/60/10 in Minnesota), it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Comprehensive (Other than Collision) - This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as hitting a bird, hail damage and hitting a deer. The highest amount you'll receive from a claim is the ACV or actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.
One last thing to lower rates
As you quote Minneapolis auto insurance, it's not a good idea to buy less coverage just to save a little money. Too many times, someone sacrificed uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. The ultimate goal is to buy enough coverage at an affordable rate and still be able to protect your assets.
Cheap Chevy Colorado insurance in Minneapolis is available online as well as from independent agents in Minneapolis, so get free Minneapolis auto insurance quotes from both of them in order to have the best price selection to choose from. Some insurance companies may not offer the ability to get a quote online and these regional insurance providers work with independent agencies.
You just learned many ways to save on Chevy Colorado insurance in Minneapolis. The most important thing to understand is the more quotes you get, the better your chances of lowering your premium rates. Consumers may even find the lowest car insurance rates come from a small mutual company.
More detailed insurance information can be found in these articles:
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Who Has Cheap Auto Insurance for a Toyota Highlander in Minneapolis? (FAQ)
- What Auto Insurance is Cheapest for Ride Shares in Minneapolis? (FAQ)
- Who Has Affordable Minneapolis Auto Insurance for Drivers with Bad Credit? (FAQ)
- How Much are Car Insurance Rates for Active Military in Minneapolis? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- Understanding Rental Car Insurance (Insurance Information Institute)
- How to Avoid Staged Accidents (State Farm)