Compare Chevy Colorado Insurance Quotes in Fort Wayne

It takes a few minutes, but the best way to find the cheapest price for Chevy Colorado insurance is to compare prices annually from providers that insure vehicles in Fort Wayne. Price quotes can be compared by completing these steps.

Step 1: Gain an understanding of how insurance works and the factors you can control to keep rates down. Many rating criteria that drive up the price such as speeding and an unacceptable credit rating can be rectified by improving your driving habits or financial responsibility.

Step 2: Obtain price quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like GEICO and Allstate, while agents who are independent can give you price quotes from multiple sources.

Step 3: Compare the price quotes to your existing rates and determine if there is any savings. If you can save some money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

Step 4: Provide adequate notice to your current company to cancel the current policy and submit payment and a completed application to the newly selected company. As soon as coverage is bound, safely store the proof of insurance paperwork with your registration paperwork.

A good tip to remember is that you’ll want to compare identical limits and deductibles on every quote and and to get price quotes from as many different companies as possible. This enables a level playing field and the best price selection.

Insurance for Chevy ColoradoIt’s safe to assume that insurance companies don’t want policyholders to shop around. Consumers who shop for lower rates are very likely to switch auto insurance companies because there are good odds of finding more affordable rates. A recent study showed that drivers who compared price quotes annually saved as much as $72 a month compared to drivers who never shopped around for cheaper prices.

If finding the most affordable auto insurance is your ultimate objective, then knowing how to choose a company and compare coverages can help you succeed in saving money.

Auto insurance providers offering low-cost rate quotes in Indiana

The companies shown below offer free quotes in Fort Wayne, IN. To get cheap auto insurance in IN, we recommend you visit two to three different companies to get the most affordable price.

Chevy Colorado coverage statistics

The data table displayed next outlines a range of coverage costs for Chevy Colorado models. Having a good understanding how insurance policy premiums are formulated can benefit drivers when making smart choices when selecting a coverage provider.

Chevrolet Colorado Insurance Rates in Fort Wayne, IN
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $150 $242 $368 $22 $110 $892 $74
Colorado LT Extended Cab 2WD $176 $294 $368 $22 $110 $970 $81
Colorado LT 4WD $176 $242 $312 $18 $94 $842 $70
Colorado LT Crew Cab 2WD $176 $294 $368 $22 $110 $970 $81
Colorado LT Extended Cab 4WD $176 $242 $312 $18 $94 $842 $70
Colorado LT Crew Cab 4WD $202 $294 $312 $18 $94 $920 $77
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, multi-vehicle, and claim-free. Price estimates do not factor in garaging location in Fort Wayne which can modify price quotes greatly.

Physical damage deductible comparison

One frequently asked question is how high or low should comp and collision deductibles be. The figures shown below summarize the rate differences of buying low and high policy deductibles. The first data table uses a $100 deductible for comp and collision and the second rate chart 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 $180 $358 $280 $16 $84 $943 $79
Colorado LT Extended Cab 2WD $210 $436 $280 $16 $84 $1,051 $88
Colorado LT 4WD $210 $358 $238 $14 $72 $917 $76
Colorado LT Crew Cab 2WD $210 $436 $280 $16 $84 $1,051 $88
Colorado LT Extended Cab 4WD $210 $358 $238 $14 $72 $917 $76
Colorado LT Crew Cab 4WD $242 $436 $238 $14 $72 $1,027 $86
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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 $100 $188 $280 $16 $84 $668 $56
Colorado LT Extended Cab 2WD $116 $230 $280 $16 $84 $726 $61
Colorado LT 4WD $116 $188 $238 $14 $72 $628 $52
Colorado LT Crew Cab 2WD $116 $230 $280 $16 $84 $726 $61
Colorado LT Extended Cab 4WD $116 $188 $238 $14 $72 $628 $52
Colorado LT Crew Cab 4WD $134 $230 $238 $14 $72 $688 $57
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in specific Fort Wayne garaging location which can change coverage prices substantially.

Based on the data above, we can derive that using a $100 deductible costs approximately $25 more each month or $300 each year averaged for all Colorado models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 36 months between claim filings, you would probably come out ahead if you choose the higher deductible.

The example below demonstrates how deductible levels and can increase or decrease Chevy Colorado insurance rates for different age groups of insureds. The data is based on a single male driver, comp and collision included, and no policy discounts are applied.

Full coverage rates vs. liability-only

The example below illustrates the comparison of Chevy Colorado premium costs with full physical damage coverage and with liability coverage only. The rates are based on no tickets, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are factored in.

Are you wasting money paying for full coverage?

There isn’t a steadfast formula of when to drop physical damage coverage, but there is a general convention. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.

For example, let’s pretend your Chevy Colorado settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company would pay you is $4,000 after paying your deductible. If it’s costing you more than $400 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some scenarios where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Informed Consumers Know How to Find Car Insurance Cheaper

Lots of factors are used in the calculation when pricing auto insurance. Some are obvious like an MVR report, but others are less apparent such as your credit history or your commute time. When buying car insurance it’s important to understand some of the factors that go into determining car insurance rates. When you understand what determines base rates, this allows you to make good choices that can help you get better car insurance rates.

Bundle policies to earn discounts – Most insurance companies afford discounts to customers who have multiple policies with them, otherwise known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. If you currently are using one company, drivers will still want to comparison shop to verify if the discount is saving money. You may still be able to find a better deal by buying from different companies

Does auto insurance cost more for men? – Statistics demonstrate women tend to be less risk to insure than men. This data doesn’t prove that females are better drivers. Both sexes cause auto accidents at about the same rate, but men tend to have more serious accidents. Men also tend to get ticketed for serious violations like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents and therefore are the most expensive to insure.

The illustration below visualizes the comparison of Chevy Colorado insurance costs for male and female drivers. The data assumes no claims or driving citations, comp and collision included, $250 deductibles, drivers are not married, and no other discounts are factored in.

Do you really need roadside assistance? – Insurance companies have many additional extra coverages you can purchase if you aren’t diligent. Insurance for things like rental car coverage, death and dismemberment, and term life insurance may be wasting your money. You may think they are a good idea at first, but if you have no use for them think about removing them and cutting costs.

Discounts for married drivers – Walking down the aisle may earn you lower rates on car insurance. It means you’re more stable financially and it’s statistically proven that married drivers tend to file fewer claims.

Chevy Colorado statistical loss data – Insurers include the past claim history for a vehicle when setting rates for each model. Models that statistically have a higher amount or frequency of claims will be charged more to insure. The next table illustrates the collected loss data for Chevy Colorado vehicles.

For each insurance policy coverage type, the claim amount for all vehicles, as a total average, is a value of 100. Values below 100 represent a good loss history, while percentages above 100 indicate more frequent claims or an increased chance of larger losses than average.

Insurance Loss Ratings for Chevrolet Colorado Vehicles
Vehicle 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

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

Lower-cost Chevy Colorado insurance in Fort Wayne

Car insurance is not cheap, but you may qualify for discounts to help offset the cost. Some trigger automatically at the time of quoting, but lesser-known reductions have to be asked about before they will apply. If you do not double check each discount available, you’re paying more than you need to.Car insurance discounts

One thing to note about discounts is that most discounts do not apply to the whole policy. Most cut the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, companies wouldn’t make money that way.

The information below visualizes the comparison of Chevy Colorado insurance costs with and without discounts applied to the policy rates. The premiums are based on a female driver, no violations or accidents, Indiana state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-policy, multi-car, and homeowner discounts applied.

Large car insurance companies and the discounts they provide can be read below.

Double check with every prospective company how many discounts you can get. All car insurance discounts may not be offered everywhere.

Get rate quotes but buy from a local Fort Wayne insurance agency

Some people prefer to get professional advice from a licensed agent and that is OK! The biggest benefit of comparing rates online is the fact that you can find better rates and still buy from a local agent.

To make it easy to find an agent, after completing this quick form, your coverage information is sent to insurance agents in Fort Wayne who will give competitive quotes for your insurance coverage. It makes it easy because there is no need to do any legwork since rate quotes are delivered to you instantly. You can most likely find cheaper rates without requiring a lot of work. If for some reason you want to compare rates for a specific company, just navigate to their website and complete a quote there.

Choosing a insurance company shouldn’t rely on just a cheap price. Here are some questions you might want to ask.

Different types of Fort Wayne auto insurance agents

When finding a local Fort Wayne insurance agent, there are two different types of agents and how they function. Auto insurance agents are either independent agents or exclusive agents.

Exclusive Insurance Agents

Agents of this type are contracted to one company like American Family, State Farm, and Allstate. They are unable to provide other company’s prices so always compare other rates. They receive a lot of sales training on the products they sell which helps them compete with independent agents. Consumers sometimes choose to use a exclusive agent primarily because of the brand name instead of buying on price only.

The following are Fort Wayne exclusive insurance agents who can help you get comparison quotes.

View more Fort Wayne agents

Independent Agencies or Brokers

These type of agents often have affiliation with several companies so they have the ability to put coverage with any number of different companies and potentially find a lower price. To transfer your coverage to a different company, they simply switch companies in-house without you having to go to a different agency.

When comparison shopping, you will want to get rate quotes from multiple independent agents for maximum quote selection. Many write coverage with small mutual carriers that can offer cheaper rates than bigger companies.

Below is a short list of independent agents in Fort Wayne that are able to give comparison quotes.

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Car insurance is unique, just like you

When it comes to buying coverage for your personal vehicles, there is no one size fits all plan. Everyone’s situation is a little different and your car insurance should be unique as well.Car insurance savings
For example, these questions might point out if your insurance needs may require specific advice.

If you’re not sure about those questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Compare but don’t skimp

As you quote Fort Wayne auto insurance, it’s very important that you do not skimp on coverage in order to save money. There have been many cases where an insured cut liability limits or collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. The goal is to get the best coverage possible at the best cost.

We’ve covered many ways to compare Chevy Colorado insurance rates in Fort Wayne. The key thing to remember is the more providers you compare, the higher your chance of finding affordable Chevrolet Colorado insurance quotes. Drivers may even discover the best price on car insurance is with the least-expected company. Regional companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm, GEICO and Nationwide.

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