Cheapest Chevy Cobalt Insurance in Fresno

A recent auto insurance study discovered that about 70% of customers kept their coverage with the same auto insurance company for a minimum of four years, and 38% of drivers have never compared auto insurance rates at all. Drivers in California could cut their rates by about 35% a year, but they don’t know how much savings they would realize if they moved their coverage to a different company.

The best way to get budget Chevy Cobalt insurance in Fresno is to annually compare prices from different companies who provide auto insurance in California.

1. Take a few minutes and learn about how companies price auto insurance and the things you can control to drop your rates. Many rating criteria that increase rates such as speeding tickets, careless driving and a less-than-favorable credit history can be amended by making lifestyle changes or driving safer.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only give prices from one company like Progressive or Allstate, while independent agents can quote rates from many different companies.
3. Compare the new rate quotes to the premium of your current policy and determine if cheaper Cobalt coverage is available in Fresno. If you find a better price and make a switch, make sure coverage is continuous and does not lapse.
4. Provide proper notification to your current company to cancel your existing policy and submit payment along with a signed and completed policy application to your new insurance company. As soon as you have the new policy, store the certificate verifying coverage in an easily accessible location in your vehicle.

An important part of this process is that you use the same deductibles and limits on each price quote and and to get prices from as many companies as you can. This ensures the most accurate price comparison and a thorough selection of prices.

Choosing the best rates in Fresno can really be easy if you know what you’re doing. If you are already insured or just want cheaper rates, use these techniques to reduce premiums without reducing coverage. Drivers only need to know the fastest way to compare company rates online.

The easiest way to get policy rate comparisons for Chevy Cobalt insurance in Fresno is to know most of the bigger providers pay for the opportunity to provide you with free rate quotes. To get started, all you need to do is provide information like if a SR-22 is required, what you do for a living, if the car is leased, and whether you are single or married. That information is sent automatically to all major companies and you get price estimates instantly to find the best rate.

To find the cheapest Chevy Cobalt insurance rates, click here and complete the quick form.

The companies shown below are our best choices to provide comparison quotes in Fresno, CA. To locate the cheapest car insurance in CA, we suggest you visit two to three different companies to get the most affordable price.

Three main reasons to buy insurance

Despite the high cost of buying insurance for a Chevy Cobalt in Fresno, maintaining insurance serves several important purposes.

First, almost all states have mandatory insurance requirements which means it is punishable by state law to not carry a specific level of liability if you don’t want to risk a ticket. 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.

Second, if your Chevy Cobalt has a lienholder, more than likely the lender will stipulate that you buy insurance to ensure the loan is repaid in case of a total loss. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Chevy for a lot more money and force you to reimburse them the higher price.

Third, insurance protects both your car and your assets. Insurance will also pay for many types of medical costs for yourself as well as anyone injured by you. Liability insurance also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of having insurance greatly outweigh the cost, particularly for liability claims. The average driver in California overpays more than $700 annually so compare quotes from several companies at every policy renewal to be sure current rates are still competitive.

Insurance data for a Chevy Cobalt

The table shown below covers different insurance costs for Chevy Cobalt models. Learning as much as possible about how car insurance prices are figured can assist in making informed decisions when shopping around for a new policy.

Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in specific garaging location which can impact coverage prices considerably.

Comparison of policy deductibles

One common question asked by Fresno drivers is how high should the deductibles for physical damage be. The following insurance rates approximate the premium difference when you buy lower versus higher physical damage coverage deductibles. The first data set uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in Fresno location which can decrease or increase coverage rates significantly.

Based on these figures, using a $100 deductible will cost you approximately $50 more each month or $600 for a full year across all Chevrolet Cobalt models than selecting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to have at least 18 months between claim filings, you would probably come out ahead going with the higher deductible.

Bad driving habits will cost you more

The illustration below illustrates how traffic citations and fender-benders influence Chevy Cobalt insurance costs for different age groups. The premiums assume a single female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied.

Chevrolet Cobalt insurance rates: Men versus women

The information below compares Chevy Cobalt auto insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, full physical damage coverage, $500 deductibles, drivers are not married, and no additional discounts are factored in.

Liability only or full coverage

The chart below shows the comparison of Chevy Cobalt insurance costs with full coverage compared to only the California minimum liability coverage. The premiums are based on no claims or driving citations, $100 deductibles, single status, and no additional discounts are factored in.

When to switch to liability coverage only

There is no definitive guideline for dropping physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then you may need to consider dropping full coverage.

For example, let’s pretend your Chevy Cobalt claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying your policy deductible. If premiums are more than $200 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are a few cases where dropping physical damage coverage is not financially feasible. If you have an outstanding loan on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.

These discounts can lower your auto insurance rates

Some insurers don’t necessarily list every available discount in an easy-to-find place, so we researched a few of the more common and the harder-to-find credits that you can use to lower your rates.

• Seat Belt Discounts – Drivers who require all occupants to buckle up before driving could cut 10% or more off the medical payments premium.
• 55 and Retired – Drivers that qualify as senior citizens are able to get a small discount on rates.
• Safe Driver Discount – Accident-free drivers may receive a discount up to 45% compared to accident prone drivers.
• Low Mileage – Keeping the miles down on your Chevy can qualify you for substantially lower premium rates.
• E-sign Discounts – Many insurance companies will give you a small discount shop Fresno car insurance on your computer.
• Buy New and Save – Buying a new car instead of a used Cobalt may earn a small discount due to better safety requirements for newer vehicles.

As is typical with insurance, most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that all those discounts means the company will pay you, it’s just not the way it works.

The chart below compares Chevy Cobalt insurance premiums with and without discounts applied to the premium. The prices are based on a male driver, a clean driving record, no claims, California state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, homeowner, claim-free, multi-car, and safe-driver discounts applied.

To find insurance companies who offer cheap Chevy Cobalt insurance quotes in Fresno in Fresno, click here.

California car insurance companies ranked

Finding a good quality insurance provider can be difficult considering how many different insurance companies sell coverage in Fresno. The ranking data in the lists below may help you select which auto insurers you want to consider comparing rates with.

Top 10 Fresno Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. AAA of Southern California
5. Titan Insurance
6. The General
7. AAA Insurance
8. State Farm
9. Mercury Insurance
10. Nationwide