Compare Chevy Cobalt Insurance Rate Quotes in Plano

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Insurance quote for Chevy Cobalt in PlanoThe recommended way to get cheaper Chevy Cobalt insurance is to start comparing prices yearly from insurance carriers in Plano. This can be done by following these guidelines.

  • Step 1: Try to learn a little about how companies price auto insurance and the measures you can take to prevent expensive coverage. Many rating factors that drive up the price such as your driving record and a negative credit history can be remedied by making minor changes in your lifestyle. This article provides more ideas to lower rates and find additional discounts.
  • Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like Progressive or State Farm, while independent agents can give you price quotes for many different companies.
  • Step 3: Compare the new rate quotes to your current policy premium and see if there is a cheaper rate. If you find a lower rate and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
  • Step 4: Provide notification to your current company of your intent to cancel your current policy. Submit the completed application along with a down payment to your new company or agent. Immediately upon receiving it, place the new proof of insurance paperwork along with the vehicle's registration papers.

The key aspect of shopping around is to compare the same amount of coverage on every quote and and to look at as many different companies as possible. Doing this guarantees a fair price comparison and the best price selection.

We don't have to point out that fact that insurance companies don't want policyholders to shop around. Insureds who shop around for cheaper price quotes are inclined to buy a new policy because they have a good chance of finding better rates. A recent car insurance study revealed that consumers who made a habit of comparing rates saved an average of $3,400 over four years compared to people who never compared prices.

If finding budget-friendly rates on auto insurance in Plano is your ultimate objective, then having a good understanding how to get free comparison quotes and analyze insurance can make it easier to shop your coverage around.

Finding a lower price on Chevy Cobalt insurance can be surprisingly simple. Consumers just need to spend a little time comparing price quotes to see which company has the cheapest Chevrolet Cobalt rate quotes.

The companies in the list below provide comparison quotes in Plano, TX. If you want to find cheap car insurance in Plano, we recommend you get prices from several of them to find the lowest car insurance rates.

Choosing the best Cobalt insurance in Texas is an important decision

Despite the high cost, insurance is most likely required but also gives you several important benefits.

  • Most states have mandatory liability insurance requirements which means you are required to carry specific minimum amounts of liability protection in order to be legal. 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.
  • If you have a lien on your vehicle, most lenders will force you to have comprehensive coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may insure your Chevy for a much higher rate and make you pay much more than you were paying before.
  • Insurance safeguards not only your Chevy Cobalt but also your financial assets. It will also pay for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability insurance also pays expenses related to your legal defense if you are sued as the result of an accident. If damage is caused by hail or an accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of having car insurance more than offset the price you pay, especially if you ever need it. The average driver in Texas overpays as much as $825 a year so compare rate quotes at every renewal to make sure the price is not too high.

Auto insurance statistics and figures

The coverage table shown below outlines detailed analysis of rate quotes for Chevy Cobalt models. Having insight into how rate quotes are figured helps drivers make decisions on the best policy coverages.

Chevrolet Cobalt Insurance Rates in Plano, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $260 $642 $444 $26 $132 $1,504 $125
Cobalt XFE 4-Dr Sedan $260 $642 $444 $26 $132 $1,504 $125
Cobalt LS 2-Dr Coupe $298 $642 $490 $30 $146 $1,606 $134
Cobalt XFE 2-Dr Coupe $298 $642 $490 $30 $146 $1,606 $134
Cobalt LT 4-Dr Sedan $298 $642 $444 $26 $132 $1,542 $129
Cobalt LT 2-Dr Coupe $336 $642 $490 $30 $146 $1,644 $137
Cobalt SS Turbo 2-Dr Coupe $376 $836 $490 $30 $146 $1,878 $157
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Rate quotes do not factor in Plano location which can decrease or increase coverage rates greatly.

How high should deductibles be?

When comparing auto insurance rates, the most common question is where to set your physical damage deductibles. The following tables may help to conceptualize the rate differences when you buy lower versus higher deductibles. The first set of rates uses a $250 deductible for physical damage and the second rate table uses a $1,000 deductible.

Chevrolet Cobalt insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $256 $584 $430 $26 $128 $1,449 $121
Cobalt XFE 4-Dr Sedan $256 $584 $430 $26 $128 $1,449 $121
Cobalt LS 2-Dr Coupe $294 $584 $476 $28 $142 $1,549 $129
Cobalt XFE 2-Dr Coupe $294 $584 $476 $28 $142 $1,549 $129
Cobalt LT 4-Dr Sedan $294 $584 $430 $26 $128 $1,487 $124
Cobalt LT 2-Dr Coupe $332 $584 $476 $28 $142 $1,587 $132
Cobalt SS Turbo 2-Dr Coupe $370 $762 $476 $28 $142 $1,803 $150
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Chevrolet Cobalt insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Cobalt LS 4-Dr Sedan $158 $368 $430 $26 $128 $1,110 $93
Cobalt XFE 4-Dr Sedan $158 $368 $430 $26 $128 $1,110 $93
Cobalt LS 2-Dr Coupe $182 $368 $476 $28 $142 $1,196 $100
Cobalt XFE 2-Dr Coupe $182 $368 $476 $28 $142 $1,196 $100
Cobalt LT 4-Dr Sedan $182 $368 $430 $26 $128 $1,134 $95
Cobalt LT 2-Dr Coupe $206 $368 $476 $28 $142 $1,220 $102
Cobalt SS Turbo 2-Dr Coupe $228 $478 $476 $28 $142 $1,352 $113
Get Your Own Custom Quote Go

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, homeowner, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can modify coverage prices greatly.

We can derive from the above data that using a $250 deductible will cost you roughly $30 more each month or $360 for a full year than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 25 months between claim filings, you would probably be better off by selecting a higher deductible.

Tickets and at-fault accidents raise rates

The chart below illustrates how speeding tickets and accidents increase Chevy Cobalt insurance prices for different age groups. The information is based on a married female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.

Chevrolet Cobalt insurance costs by age and gender

The information below shows the comparison of Chevy Cobalt insurance costs for male and female drivers. The premiums assume no claims, a clean driving record, full physical damage coverage, $100 deductibles, single marital status, and no discounts are factored in.

Difference between liability only and full coverage rates

The chart below illustrates the difference between Chevy Cobalt car insurance rates with full physical damage coverage compared to only buying liability only. The data assumes no claims, a clean driving record, $500 deductibles, drivers are single, and no other discounts are factored in.

Should you pay for full coverage?

There isn't a steadfast formula that is best for determining when to drop physical damage coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to think about dropping full coverage.

For example, let's assume your Chevy Cobalt replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most you would receive is $5,000 after you pay the deductible. If you are paying over $500 annually to have full coverage, then it could be time to drop full coverage.

There are some situations where removing full coverage is not a good idea. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Discount Plano car insurance quotes

Car insurance is not cheap, but there are discounts available that you may not know about. Some of these discounts will be visible at quote time, but some need to be manually applied in order for you to get them. If they aren't giving you every credit available, you may be paying too high a price.Discount car insurance

  • Good Student Discount - Excelling in school may save as much as 25% on a Plano auto insurance quote. The good student discount can last up until you turn 25.
  • Low Mileage - Low annual miles could earn lower rates on the low mileage vehicles.
  • Data Collection Discounts - Drivers that enable data collection to look at when and where they use their vehicle by using a small device installed in their vehicle like Drivewise from Allstate or In-Drive from State Farm may see discounts if their driving habits are good.
  • Save with More Vehicles Insured - Buying insurance for multiple cars with the same company can reduce rates for all insured vehicles.
  • Sign Online - Some companies will give a small break simply for signing on their website.
  • Senior Citizen Rates - Drivers that qualify as senior citizens could receive lower premium rates.
  • Military Rewards - Having an actively deployed family member may lower your prices slightly.
  • Plano Homeowners Pay Less - Owning a house in Plano can save you money because it demonstrates responsibility.
  • Seat Belts Save - Drivers who require all vehicle occupants to use their safety belts can save up to 15% off PIP or medical payments premium.

We need to note that most credits do not apply to the overall cost of the policy. Most only apply to individual premiums such as collision or personal injury protection. Even though it appears all those discounts means the company will pay you, car insurance companies aren't that generous.

The illustration below illustrates the difference between Chevy Cobalt insurance costs with and without discounts. The rates are based on a male driver, no violations or accidents, Texas state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, marriage, multi-car, and safe-driver discounts applied.

Insurance companies that have these money-saving discounts include:

When getting free Plano auto insurance quotes, it's a good idea to each company or agent what discounts are available to you. Some credits may not apply to policies everywhere. If you would like to view insurers that offer some of these discounts in Texas, click here to view.

Best car insurance company in Texas

Choosing the best car insurance provider can be rather challenging considering how many choices you have in Plano. The ranking information displayed below could help you choose which providers to look at purchasing coverage from.

Top 10 Plano 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

Top 10 Plano Car Insurance Companies Ranked by Claims Service

  1. Travelers
  2. Nationwide
  3. Allstate
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. Titan Insurance
  10. AAA Insurance