Cheap Chevy Colorado Insurance in Tucson

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Chevy Colorado insurance rates
Chevy Colorado insurance rates image courtesy of QuoteInspector.com

Insurance rates Chevy Colorado in TucsonRegrettably, most drivers have purchased from the same company for over three years, and roughly 40% of drivers have never taken the time to shop around. Tucson drivers could cut their rates by almost 50% a year by just comparing rate quotes, but they don't believe the actual amount they would save if they switched to a more affordable policy.

If you want to save money, the best way to get the cheapest Chevy Colorado insurance is to start comparing prices yearly from insurers who sell insurance in Tucson.

  • First, try to understand individual coverages and the changes you can make to keep rates low. Many rating criteria that cause high rates such as accidents, traffic tickets, and a not-so-good credit rating can be eliminated by making small lifestyle or driving habit changes.
  • Second, compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from one company like Progressive and State Farm, while independent agents can provide prices for a wide range of companies. Begin your rate comparison
  • Third, compare the new rate quotes to your existing policy to see if a cheaper price is available in Tucson. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.
  • Fourth, notify your current company to cancel your current policy and submit the signed application along with the required initial payment to the newly selected company. As soon as coverage is bound, safely store the certificate of insurance in your vehicle's glove compartment or console.

One important bit of advice is that you'll want to make sure you compare similar deductibles and liability limits on every quote request and and to get rates from as many different insurance providers as possible. Doing this ensures a fair price comparison and the most accurate and complete price analysis.

Buying affordable auto insurance in Tucson is not that difficult as long as you know where to start. Virtually everyone who comparison shops for auto insurance will probably be able to reduce their rates. But Arizona vehicle owners must comprehend how big insurance companies calculate their prices and use it to find better rates.

Tucson Insurance Costs are Influenced by These Factors

It's important that you understand some of the things that aid in calculating car insurance rates. If you have some idea of what controls the rates you pay, this helps enable you to make changes that can earn you big savings.

The itemized list below are a partial list of the pieces used by insurance companies to determine rates.

Rental and towing coverage may not be needed - There are a ton of extra bells and whistles you can purchase if you aren't diligent. Insurance for things like replacement cost coverage, high-cost glass coverage, and additional equipment coverage are examples of these. These may sound like a good investment at first, but if you have no use for them eliminate the coverages to reduce your premium.

Cheaper rates by bundling - Most car insurance companies will award lower prices to clients who buy several policies from them, otherwise known as a multi-policy discount. Even if you're getting this discount you still need to compare other company rates to verify if the discount is saving money.There is a good possibility that you can find lower rates by buying car insurance from a different company.

Too many policy claims will drive rates up - If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Car insurance companies in Arizona provide the best rates to policyholders who file claims infrequently. Your insurance policy is designed for claims that pose a financial burden.

Teenagers vs. experienced drivers - Older people are shown to be more cautious, file fewer claims, and are generally more financially stable. Drivers with little experience are statistically shown to be inattentive and easily distracted when driving and because of this, their car insurance rates are much higher.

The following chart uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.

High coverage deductibles lower premiums - Comprehensive and collision coverage deductibles define the amount you are required to pay if the claim is covered. Insurance for physical damage, also called comprehensive and collision insurance, covers damage that occurs to your car. A few examples of covered claims could be a windshield broken by a bird, hail damage, or theft of your vehicle. The larger the amount you're willing to pay, the lower your rates will be.

Having a spouse pays dividends - Getting married may cut your premiums on car insurance. It is viewed as being more stable financially and it's statistically proven that married couples file fewer claims.

Chevy Colorado insurance claim data - Auto insurance companies analyze the history of losses as a tool for profitable underwriting. Vehicles that statistically have higher number or severity of losses will cost more for specific coverages. The table below demonstrates the insurance loss data used by companies for Chevy Colorado vehicles.

For each coverage type, the claim probability for all vehicles, as an average, is set at 100. Numbers that are below 100 indicate better than average losses, while values that are above 100 indicate more frequent losses or an increased chance of larger losses than average.

Chevrolet Colorado Insurance Claim Statistics
Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Chevrolet Colorado Crew Cab 2WD 73 57 64
Chevrolet Colorado Crew Cab 4WD 90 89 86 67
Chevrolet Colorado Ext Cab 2WD 55
Chevrolet Colorado Ext Cab 4WD 67
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Car insurance statistics and figures

The rate information displayed below showcases detailed analysis of insurance rates for Chevy Colorado models. Understanding more about how insurance quotes are figured can be useful when making informed decisions when shopping around for a new policy.

Chevrolet Colorado Insurance Rates in Tucson, AZ
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $136 $254 $306 $18 $92 $806 $67
Colorado LT Extended Cab 2WD $160 $308 $306 $18 $92 $884 $74
Colorado LT 4WD $160 $254 $260 $16 $78 $768 $64
Colorado LT Crew Cab 2WD $160 $308 $306 $18 $92 $884 $74
Colorado LT Extended Cab 4WD $160 $254 $260 $16 $78 $768 $64
Colorado LT Crew Cab 4WD $182 $308 $260 $16 $78 $844 $70
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Arizona minimum liability limits. Discounts applied include homeowner, multi-policy, multi-vehicle, claim-free, and safe-driver. Estimates do not factor in zip code location which can modify price quotes considerably.

Deductible analysis

One of the more difficult decisions when buying car insurance is which comprehensive and collision deductibles to buy. The tables below may help to conceptualize the difference in cost between high and low physical damage coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second pricing table uses a $1,000 deductible.

Chevrolet Colorado insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $192 $382 $300 $18 $90 $1,007 $84
Colorado LT Extended Cab 2WD $224 $466 $300 $18 $90 $1,123 $94
Colorado LT 4WD $224 $382 $254 $16 $76 $977 $81
Colorado LT Crew Cab 2WD $224 $466 $300 $18 $90 $1,123 $94
Colorado LT Extended Cab 4WD $224 $382 $254 $16 $76 $977 $81
Colorado LT Crew Cab 4WD $258 $466 $254 $16 $76 $1,095 $91
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Chevrolet Colorado insurance policy rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $106 $202 $300 $18 $90 $716 $60
Colorado LT Extended Cab 2WD $124 $246 $300 $18 $90 $778 $65
Colorado LT 4WD $124 $202 $254 $16 $76 $672 $56
Colorado LT Crew Cab 2WD $124 $246 $300 $18 $90 $778 $65
Colorado LT Extended Cab 4WD $124 $202 $254 $16 $76 $672 $56
Colorado LT Crew Cab 4WD $144 $246 $254 $16 $76 $736 $61
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in Tucson location which can revise coverage rates noticeably.

Based on these figures, using a $100 deductible costs about $27 more each month or $324 annually than choosing the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 33 months between claims, you would probably be better off going with the higher deductible. The table below illustrates the way you can do this calculation yourself.

Average monthly premium for $100 deductibles: $88
Average monthly premium for $1,000 deductibles (subtract): - $61
Monthly savings from raising deductible: $27
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $27
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 33 months

One thing to note is that raising deductibles to save money results in a higher out-of-pocket expense when you do file a claim. That will force you to have enough money in the bank in the event you have to pay the deductible to have repairs made.

Chevrolet Colorado insurance rates: Men versus women

The information below shows the comparison of Chevy Colorado insurance rates for male and female drivers. The data assumes no tickets, no at-fault accidents, comp and collision included, $1,000 deductibles, single status, and no other discounts are factored in.

Car insurance discounts help lower rates for Chevy Colorado insurance in Tucson

Insuring your vehicles can cost a lot, but you may be missing some discounts that you may not know about. Most are applied at the time of quoting, but once in a while a discount must be inquired about before you will receive the discount.Save money with discounts

  • Active Service Discounts - Having a family member in the military may lower your rates slightly.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if offered at their school.
  • More Vehicles More Savings - Having more than one vehicle with the same company qualifies for this discount.
  • E-sign - Certain insurance companies will give you a small discount for buying a policy and signing up on the web.
  • Tucson Homeowners Pay Less - Simply owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • Good Students Pay Less - Maintaining excellent grades can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
  • Distant College Student Discount - College-age children living away from Tucson attending college and don't have a car may be insured at a cheaper rate.
  • Auto/Life Discount - Car insurance companies who offer life insurance give a small discount if you purchase life insurance from them.
  • Pay Upfront and Save - If you pay your entire premium ahead of time as opposed to paying monthly you may have a lower total premium amount.
  • Bundle and Save - If you can bundle your homeowners and auto insurance and place coverage with the same company you may save 10% to 20% off each policy.

Don't be surprised that most discount credits are not given to the whole policy. Some only reduce individual premiums such as medical payments or collision. So when it seems like all the discounts add up to a free policy, companies wouldn't make money that way.

The illustration below visualizes the comparison of Chevy Colorado car insurance rates with and without discounts applied to the rates. The information is based on a female driver, no violations or claims, Arizona state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, multi-policy, claim-free, safe-driver, and homeowner discounts applied.

To see a list of insurance companies offering car insurance discounts in Tucson, click this link.

Persistence is the key to cheap rates

We just covered many ideas to save on Chevy Colorado insurance in Tucson. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even be surprised to find that the biggest savings come from the smaller companies.

Cheaper auto insurance in Tucson is attainable online and from local agencies, so you should compare both to have the best rate selection. Some companies don't offer the ability to get a quote online and these small, regional companies provide coverage only through local independent agencies.

Consumers change insurance companies for many reasons like not issuing a premium refund, delays in paying claims, high rates after DUI convictions and an unsatisfactory settlement offer. It doesn't matter why you want to switch finding a great new company can be less work than you think.

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