Expensive Chevrolet Cobalt insurance in Fort Wayne can empty your budget and force you to make tough financial choices. Comparing rates annually is a great way to reduce premiums and put more money in your pocket.
It’s easy to assume that car insurance companies don’t want you to look for cheaper rates. Drivers who rate shop once a year will most likely switch companies because there is a high probability of finding a policy with better rates. A recent survey revealed that consumers who routinely shopped for cheaper coverage saved as much as $865 annually compared to policyholders who didn’t regularly shop around.
If finding budget-friendly Chevy Cobalt insurance in Fort Wayne is why you’re reading this, then having a good understanding how to choose a company and compare insurance premiums can make it simple to find affordable coverage.
How to find the cheapest rates for Chevy Cobalt insurance in Fort Wayne
If you want to save the most money, the best way to get the cheapest Chevy Cobalt insurance is to regularly compare price quotes from insurers who sell insurance in Fort Wayne. You can shop around by completing these steps.
Step 1: Spend some time learning about the coverage provided by your policy and the measures you can take to prevent rate increases. Many risk factors that drive up the price like tickets, at-fault accidents, and an imperfect credit rating can be rectified by being financially responsible and driving safely.
Step 2: Compare prices from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices from multiple insurance companies.
Step 3: Compare the quotes to your existing policy and determine if cheaper Cobalt coverage is available in Fort Wayne. If you can save money, make sure coverage does not lapse between policies.
A good tip to remember is to compare the same level of coverage on each quote and and to get prices from as many different companies as possible. This helps ensure the most accurate price comparison and maximum price selection.
Due to the increasing number of options for buying lower-cost insurance for a Chevy Cobalt in Fort Wayne, it is hard for the average consumer to pick the right insurance company.
Choosing the best rates in Fort Wayne is quite easy. If you have a current auto insurance policy or just want cheaper coverage, you can use this information to save money without reducing coverage. Consumers just need to know the proper methods to find the lowest price online.
Auto insurance policy discounts for Chevy Cobalt insurance in Fort Wayne
Not many people think insurance is cheap, but you might already qualify for some discounts that many people don’t even know exist. Certain credits will be shown when you get a quote, but less common discounts must be specifically requested prior to getting the savings.
- Air Bag Discount – Options like air bags or motorized seat belts could see savings of up to 25% or more.
- Discounts for New Vehicles – Putting coverage on a new Cobalt can be considerably cheaper since new vehicles are generally safer.
- Accident Forgiveness – Not really a discount, but certain companies will turn a blind eye to one accident before hitting you with a surcharge so long as you haven’t had any claims prior to the accident.
- Driving Data Discount – Insureds who allow companies to analyze when and where they use their vehicle through the use of a telematics system such as State Farm’s In-Drive might see lower rates if they are good drivers.
- Auto/Home Discount – When you combine your auto and homeowners insurance and place coverage with the same company you may earn 10% to 20% off each policy.
- Theft Deterrent – Anti-theft and alarm system equipped vehicles prevent vehicle theft and will qualify for a discount on a Fort Wayne auto insurance quote.
- Cautious Driver Discount – Safe drivers could pay up to 40% less compared to rates paid by drivers with frequent claims.
- Discount for Home Ownership – Being a homeowner can help you save on auto insurance because maintaining a house demonstrates responsibility.
Discounts reduce rates, but you should keep in mind that most discounts do not apply to the overall cost of the policy. Some only reduce individual premiums such as medical payments or collision. So even though it sounds like adding up those discounts means a free policy, you aren’t that lucky. But all discounts will bring down your policy premiums.
The chart below compares Chevy Cobalt auto insurance costs with and without some available policy discounts. The data is based on a female driver, no accidents or driving violations, Indiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-car, multi-policy, and homeowner discounts applied.
A list of auto insurance companies and a summarized list of policyholder discounts are shown below.
- Progressive may have discounts that include continuous coverage, multi-vehicle, homeowner, multi-policy, and good student.
- AAA has savings for good student, multi-car, anti-theft, multi-policy, good driver, and AAA membership discount.
- Farmers Insurance offers discounts for good student, early shopping, youthful driver, switch companies, teen driver, homeowner, and distant student.
- GEICO policyholders can earn discounts including military active duty, five-year accident-free, defensive driver, seat belt use, and anti-theft.
- Esurance includes discounts for online quote, homeowner, Switch & Save, good driver, anti-lock brakes, emergency road assistance, and paid-in-full.
- SAFECO offers discounts including anti-theft, multi-car, teen safety rewards, bundle discounts, accident prevention training, safe driver, and drive less.
- State Farm may offer discounts for good student, Drive Safe & Save, anti-theft, driver’s education, student away at school, and passive restraint.
Before purchasing a policy, check with each insurance company which credits you are entitled to. Discounts might not be offered on policies in your area. If you would like to choose from a list of insurance companies with discount auto insurance rates in Indiana, click this link.
The following companies can provide comparison quotes in Indiana. If you wish to find cheap auto insurance in Indiana, we recommend you visit as many as you can in order to get a fair rate comparison.
Insurance rate breakdown
The premium table shown below covers detailed analysis of policy rates for Chevy Cobalt models. Learning more about how policy premiums are established is important for drivers to make smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $162 | $444 | $358 | $22 | $108 | $1,094 | $91 |
| Cobalt XFE 4-Dr Sedan | $162 | $444 | $358 | $22 | $108 | $1,094 | $91 |
| Cobalt LS 2-Dr Coupe | $186 | $444 | $396 | $24 | $118 | $1,168 | $97 |
| Cobalt XFE 2-Dr Coupe | $186 | $444 | $396 | $24 | $118 | $1,168 | $97 |
| Cobalt LT 4-Dr Sedan | $186 | $444 | $358 | $22 | $108 | $1,118 | $93 |
| Cobalt LT 2-Dr Coupe | $210 | $444 | $396 | $24 | $118 | $1,192 | $99 |
| Cobalt SS Turbo 2-Dr Coupe | $234 | $578 | $396 | $24 | $118 | $1,350 | $113 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Indiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Table data does not factor in Fort Wayne location which can change premiums considerably.
Raise deductibles and save
When buying auto insurance, a common question is what deductibles to buy. The following insurance rates may aid in understanding how much more rates are of buying low and high physical damage coverage deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $188 | $430 | $318 | $18 | $94 | $1,073 | $89 |
| Cobalt XFE 4-Dr Sedan | $188 | $430 | $318 | $18 | $94 | $1,073 | $89 |
| Cobalt LS 2-Dr Coupe | $216 | $430 | $350 | $20 | $106 | $1,147 | $96 |
| Cobalt XFE 2-Dr Coupe | $216 | $430 | $350 | $20 | $106 | $1,147 | $96 |
| Cobalt LT 4-Dr Sedan | $216 | $430 | $318 | $18 | $94 | $1,101 | $92 |
| Cobalt LT 2-Dr Coupe | $244 | $430 | $350 | $20 | $106 | $1,175 | $98 |
| Cobalt SS Turbo 2-Dr Coupe | $272 | $562 | $350 | $20 | $106 | $1,335 | $111 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $116 | $270 | $318 | $18 | $94 | $816 | $68 |
| Cobalt XFE 4-Dr Sedan | $116 | $270 | $318 | $18 | $94 | $816 | $68 |
| Cobalt LS 2-Dr Coupe | $134 | $270 | $350 | $20 | $106 | $880 | $73 |
| Cobalt XFE 2-Dr Coupe | $134 | $270 | $350 | $20 | $106 | $880 | $73 |
| Cobalt LT 4-Dr Sedan | $134 | $270 | $318 | $18 | $94 | $834 | $70 |
| Cobalt LT 2-Dr Coupe | $152 | $270 | $350 | $20 | $106 | $898 | $75 |
| Cobalt SS Turbo 2-Dr Coupe | $168 | $352 | $350 | $20 | $106 | $996 | $83 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in specific location which can impact price quotes significantly.
Based on the data above, we can derive that using a $250 deductible costs roughly $23 more each month or $276 annually averaged for all Cobalt models than buying the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go more than 33 months between claim filings, you would probably be better off by going with a higher deductible.
Does it make sense to buy full coverage?
The illustration below illustrates the difference between Chevy Cobalt auto insurance costs with full coverage compared to only the Indiana minimum liability coverage. The premium estimates are based on no accidents or driving violations, $100 deductibles, single status, and no additional discounts are factored in.
When to stop paying for full coverage
There is no set guideline of when to phase out physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of replacement cost minus your deductible, then you might consider buying liability only.
For example, let’s assume your Chevy Cobalt replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $2,000 after paying your policy deductible. If you are paying in excess of $200 annually for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some circumstances where only buying liability is not financially feasible. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage on your policy.
Buying insurance from Fort Wayne insurance agencies
Many people just prefer to buy from a licensed agent and that can be a smart move Licensed agents are trained to spot inefficiencies and help submit paperwork. One of the best bonuses of price shopping on the web is the fact that you can find cheaper prices and still have an agent to talk to.
After completing this form (opens in new window), your coverage information is transmitted to companies in Fort Wayne who want to provide quotes for your insurance coverage. It’s much easier because you don’t need to find an agent on your own because prices are sent instantly to you. If you wish to compare prices from a specific insurance company, you can always jump over to their website and give them your coverage information.
Finding a good insurer requires you to look at more than just the bottom line cost. These are some questions your agent should answer.
- Can you contact them at any time?
- What insurance company do they write the most business with?
- Do they specialize in personal lines coverage in Fort Wayne?
- How are claims handled?
- If you are a high risk driver, do they have special markets for your coverage?
- Do you qualify for any additional discounts?
When looking for a local Fort Wayne insurance agency, it can be helpful to understand the different types of agents to choose from. Insurance agents in Fort Wayne can be categorized as either exclusive or independent agents depending on their company appointments. Both sell affordable insurance policies, but it’s good to learn how they are different because it may have an impact on buying decisions.
Exclusive Insurance Agencies
Agents that choose to be exclusive can only provide one company’s prices like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot provide other company’s prices so they are skilled at selling on more than just price. Exclusive agents receive extensive training on what they offer and that allows them to sell at a higher price point.
Listed below are Fort Wayne exclusive agencies who may provide you with rate quotes.
Allstate Insurance: Darren Vogt
5830 E State Blvd – Fort Wayne, IN 46815 – (260) 493-3507 – View Map
Connie Stickler – State Farm Insurance Agent
7105 Old Trail Rd – Fort Wayne, IN 46809 – (260) 747-2626 – View Map
Farmers Insurance – Larry Elliott
7529 W Jefferson Blvd – Fort Wayne, IN 46804 – (260) 434-1952 – View Map
Independent Insurance Agents
Agents that choose to be independent are not required to write business for one company and that gives them the ability to insure amongst many companies and possibly get better coverage at lower prices. If your agent finds better pricing, they can switch companies in-house and you don’t have to do anything.
If you are comparing rate quotes, you need to include a couple of independent agencies so that you have a good selection of quotes to compare.
The following are Fort Wayne independent insurance agents who can help you get price quotes.
Luttman Insurance
707 Airport North Office Park – Fort Wayne, IN 46825 – (260) 482-6700 – View Map
Sourceone Group
6628 Constitution Dr – Fort Wayne, IN 46804 – (260) 436-3544 – View Map
Affordable Agency Inc
2314 Lake Ave – Fort Wayne, IN 46805 – (260) 485-2526 – View Map
If you feel you receive answers to your satisfaction for all questions you ask and an affordable coverage quote, you may have found an auto insurance agent that is professional and can adequately provide insurance. Just remember it’s your coverage and you can cancel coverage for any reason so never assume that you are obligated to the insurance policy for the full term.
The best insurance company isn’t always the cheapest
In this article, we covered some good ideas how you can find cheaper Chevy Cobalt insurance in Fort Wayne. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your premium rates. Drivers may even discover the most savings is with a small mutual company. They often have lower premium rates on specific markets than the large multi-state companies such as Allstate or State Farm.
As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. Too many times, consumers will sacrifice collision coverage only to regret that their decision to reduce coverage ended up costing them more. The goal is to buy the best coverage you can find for the lowest cost but still have enough coverage for asset protection.
How to find affordable quotes for Chevy Cobalt insurance in Fort Wayne
The recommended way to find low-cost prices for Chevy Cobalt insurance is to start doing an annual price comparison from providers who sell insurance in Fort Wayne. Prices can be compared by following these steps.
First, try to understand what coverages are included in your policy and the measures you can take to prevent expensive coverage. Many rating factors that result in higher rates like accidents, traffic tickets, and an unacceptable credit score can be amended by improving your driving habits or financial responsibility.
Second, quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like GEICO or Farmers Insurance, while independent agencies can provide price quotes from multiple insurance companies.
Third, compare the quotes to your existing coverage to see if you can save by switching companies. If you find a lower rate quote and switch companies, make sure coverage does not lapse between policies.
Fourth, provide adequate notice to your current company to cancel the current policy. Submit payment and a signed application to your new carrier. As soon as coverage is bound, safely store the proof of insurance certificate in your glove compartment.
A good tip to remember is to make sure you enter similar deductibles and liability limits on each quote request and and to look at as many car insurance companies as possible. Doing this guarantees an accurate price comparison and the best price selection.
More information is located below:
- Safe Vehicles for Teens (iihs.org)
- How Much are Fort Wayne Car Insurance Quotes for a 20 Year Old Female? (FAQ)
- Who Has Affordable Car Insurance for Government Employees in Fort Wayne? (FAQ)
- What Auto Insurance is Cheapest for a Hyundai Sonata in Fort Wayne? (FAQ)
- How Much are Fort Wayne Auto Insurance Quotes for a Jeep Wrangler? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Low Mileage Drivers in Fort Wayne? (FAQ)
- Tools for Teen Driving Safety (State Farm)
- Alcohol Impaired Driving FAQ (iihs.org)
- Where can I buy Insurance? (Insurance Information Institute)