Car Insurance Rate Quotes for a Chevy Cobalt in Portland

Truthfully, the best way to find better pricing on Chevy Cobalt insurance is to do an annual price comparison from insurers in Portland.

• Step 1: Read about what is in your policy and the steps you can take to keep rates in check. Many factors that cause rate increases like speeding tickets, accidents and a bad credit score can be amended by making lifestyle changes or driving safer.
• Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive or Allstate, while agents who are independent can provide rate quotes from multiple sources. Select a company
• Step 3: Compare the quotes to the premium of your current policy to see if cheaper Cobalt coverage is available. If you find a lower rate, ensure coverage does not lapse between policies.
• Step 4: Provide proper notification to your current company of your intent to cancel your current auto insurance policy. Submit a completed policy application and payment for the new policy. Immediately upon receiving it, place your new proof of insurance paperwork somewhere easily accessible.

One important bit of advice is to compare similar coverage information on every quote request and and to look at as many carriers as you can. Doing this enables a fair rate comparison and and a good selection of different prices.

Unbelievable but true according to a study the vast majority of drivers kept buying from the same company for at least the last four years, and approximately 38% of consumers have never shopped around. Many drivers in the United States could save 46.5% every year, but they mistakenly think it’s difficult to do a rate comparison.

When looking for low cost Portland car insurance quotes, there are a couple ways to compare rate quotes from many available auto insurance companies in Oregon. The easiest way by far to lower the rate you pay for Chevy Cobalt insurance involves getting comparison quotes online.

Online shopping is fast and free, and it replaces the need to drive to insurance agents’ offices. Comparing online rate quotes eliminates this option unless you want the trained advice that only an agent can give. You can, however, comparison shop your insurance online and get advice from an agent in your area.

Just remember that comparing more prices will increase your chances of finding more affordable insurance.

The following companies can provide free rate quotes in Portland, OR. To buy cheaper car insurance in Portland, OR, we suggest you visit as many as you can to get the best price comparison.

Chevy Cobalt insurance rate analysis

The table displayed below showcases estimates of insurance premium costs for Chevy Cobalt models. Having a good understanding how prices are determined can be useful when making smart policy decisions.

Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in specific location information which can revise prices greatly.

Raise deductibles and save

A question often asked by Portland drivers is how high should the physical damage coverage deductibles be. The tables below may aid in understanding how much more rates are when you choose different insurance deductibles. The first price estimate table uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Rate quotes do not factor in specific Portland garaging location which can change premiums significantly.

Based on the figures above, using a $100 deductible could cost the average driver approximately $37 more each month or $444 a year than requesting the higher $1,000 deductible. Because you would pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you average at a minimum 24 months between claim filings, you would probably come out ahead going with the higher deductible.

The illustration below illustrates how your deductible choice and can affect Chevy Cobalt insurance rates for different insured age categories. The prices are based on a single female driver, full coverage, and no discounts are taken into consideration.

Chevrolet Cobalt full coverage rates compared to liability only

The illustration below illustrates the difference between Chevy Cobalt insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oregon. The price estimates are based on no claims or driving citations, $250 deductibles, single marital status, and no additional discounts are factored in.

Should you pay for full coverage?

There is no exact formula for phasing out physical damage coverage, but there is a broad guideline. If the annual cost of having full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

For example, let’s pretend your Chevy Cobalt settlement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, you would only receive $8,000 after paying your policy deductible. If you are paying over $800 a year for your policy with full coverage, then you might want to consider buying only liability coverage.

There are some situations where eliminating full coverage is not a good plan. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not drop full coverage.

Affordable Portland car insurance quotes with discounts

Companies do not list every available discount in a way that’s easy to find, so below is a list some of the more common in addition to some of the lesser obvious discounts that you may qualify for. If you aren’t receiving every discount you deserve, you could be paying more than you need to.

• Professional Organizations – Affiliation with qualifying employment or professional organizations could earn you a nice discount on your next renewal.
• Distant Student – Children who are enrolled in higher education away from home without a vehicle on campus may be able to be covered for less.
• Employee of Federal Government – Active or former government employment could cut as much as 10% off depending on your company.
• Seat Belt Discounts – Buckling up and requiring all passengers to fasten their seat belts can save up to 10 percent (depending on the company) on the premium charged for medical payments and/or PIP.
• More Vehicles More Savings – Buying a policy with all your vehicles on the same car insurance policy can get a discount for every vehicle.
• Multi-line Discount – Not all insurance companies offer life insurance, but some may give you lower car insurance rates if you buy some life insurance too.
• Defensive Driving Course – Taking a class that teaches defensive driver techniques can save you 5% or more if you qualify.

While discounts sound great, it’s important to understand that some credits don’t apply to the entire cost. A few only apply to individual premiums such as comp or med pay. So even though it sounds like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

The illustration below shows the difference between Chevy Cobalt premium costs with and without some available policy discounts. The prices are based on a male driver, no accidents or driving violations, Oregon 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 claim-free, safe-driver, multi-car, marriage, homeowner, and multi-policy discounts applied.

To find companies with discount rates in Oregon, click this link.

Three reasons insurance is important

Even though it can be expensive, insuring your vehicle serves several important purposes.

• Almost all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability in order to be legal. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you bought your Chevy with a loan, it’s most likely the lender will stipulate that you buy insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank or lender will purchase a policy for your Chevy for a much higher rate and require you to fork over the higher price.
• Insurance safeguards not only your Chevy but also your financial assets. It will also provide coverage for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If you have damage to your Chevy as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of buying insurance greatly outweigh the cost, especially if you ever need it. According to a recent study, the average American driver is overpaying over $850 per year so smart consumers compare quotes once a year at a minimum to ensure rates are competitive.

Exclusive and independent auto insurance agents

Some people still prefer to get advice from a local agent and we recommend doing that The biggest benefit of comparing insurance prices online is the fact that you can find better rates but still work with a licensed agent.

Upon completion of this short form, your insurance coverage information is sent to insurance agents in Portland who will give competitive quotes and help you find cheaper coverage. It makes it easy because there is no need to contact an agency due to the fact that quote results will go to the email address you provide. Get lower rates without having to waste a lot of time. If you want to get a rate quote from one company in particular, you can always find their quoting web page and fill out their quote form.

Picking the best company should include more criteria than just a cheap price quote. Some important questions to ask are:

• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
• Can glass claims be handled at your home?
• Does the company allow you to choose your own collision repair facility?
• Is the coverage adequate for your vehicle?
• Do they offer rental car reimbursement?
• How often do they review policy coverages?
• Who is covered by the car insurance policy?