It’s safe to conclude that insurance companies don’t want you to look for cheaper rates. Drivers who shop around once a year will most likely buy a different policy because there is a good chance of finding lower prices. A recent study showed that people who shopped around annually saved approximately $70 a month compared to people who never shopped around for cheaper prices.
If saving money on Chevy Cobalt insurance in Detroit is your target objective, then having a good understanding the best way to compare insurance premiums can save time and make the process easier.
The easiest way to find low-cost Chevy Cobalt insurance in Detroit is to make a habit of regularly comparing prices from companies who sell auto insurance in Michigan.
- Step 1: Take a little time to learn about car insurance and the changes you can make to prevent rate increases. Many factors that result in higher rates such as traffic citations and poor credit can be improved by improving your driving habits or financial responsibility. Read the full article for more details to help find cheaper rates and earn a bigger discount.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from a single company like GEICO or State Farm, while independent agents can give you price quotes from multiple companies.
- Step 3: Compare the new quotes to your existing coverage to determine if you can save on Cobalt insurance. If you find better rates and change companies, ensure coverage does not lapse between policies.
- Step 4: Tell your current agent or company of your decision to cancel your current car insurance policy. Submit the required down payment along with the signed application for your new coverage. When you receive it, put the new certificate verifying proof of insurance along with your vehicle registration.
A good tip to remember is to use the same liability limits and deductibles on every quote and and to get price estimates from as many companies as feasibly possible. Doing this provides an apples-to-apples comparison and a complete price analysis.
All major insurance companies such as Progressive, Allstate and GEICO allow you to get prices on the web. This process is very simple because it’s just a matter of typing in your required coverages as detailed in the form. When complete, the system will obtain your credit score and driving record and gives you a price quote based on these factors.
Being able to quote online for Chevy Cobalt insurance in Detroit makes it simple to compare prices and it’s necessary to perform this step in order to find the most affordable premium on insurance.
To save time and compare rates now, consider comparing rates from the companies shown below. If you have your current policy handy, we recommend you replicate deductibles and limits just like they are on your policy. This ensures you will get a fair comparison using the same coverage and limits.
The companies in the list below have been selected to offer price comparisons in Detroit, MI. To get cheap car insurance in Detroit, we recommend you visit as many as you can to get the best price comparison.
Three main reasons to buy insurance
Despite the fact that insurance is not cheap in Detroit, insurance is required in Michigan but it also protects you in many ways.
First, the majority of states have minimum liability requirements which means the state requires specific minimum amounts of liability coverage in order to drive the car legally. In Michigan these limits are 20/40/10 which means you must have $20,000 of bodily injury coverage per person, $40,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your car has a loan, most banks will make it mandatory that you buy full coverage to guarantee payment of the loan. If the policy lapses, the lender may insure your Chevy at a much higher premium rate and require you to fork over the higher premium.
Third, insurance safeguards not only your Chevy but also your financial assets. Insurance will pay for medical expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will cover the repair costs.
The benefits of insuring your Cobalt greatly outweigh the cost, particularly if you ever have a claim. According to a survey of 1,000 drivers, the average driver is currently overpaying as much as $750 every year so smart consumers compare quotes at least once a year to ensure rates are competitive.
Chevy Cobalt insurance rates and statistics
The premium table displayed below covers a range of insurance policy prices for Chevy Cobalt models. Having knowledge of how insurance quotes are determined can help drivers make decisions when shopping around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $502 | $1240 | $796 | $48 | $238 | $2,824 | $235 |
| Cobalt XFE 4-Dr Sedan | $502 | $1240 | $796 | $48 | $238 | $2,824 | $235 |
| Cobalt LS 2-Dr Coupe | $576 | $1240 | $880 | $52 | $264 | $3,012 | $251 |
| Cobalt XFE 2-Dr Coupe | $576 | $1240 | $880 | $52 | $264 | $3,012 | $251 |
| Cobalt LT 4-Dr Sedan | $576 | $1240 | $796 | $48 | $238 | $2,898 | $242 |
| Cobalt LT 2-Dr Coupe | $650 | $1240 | $880 | $52 | $264 | $3,086 | $257 |
| Cobalt SS Turbo 2-Dr Coupe | $724 | $1614 | $880 | $52 | $264 | $3,534 | $295 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, homeowner, and claim-free. Information does not factor in specific Detroit garaging location which can alter rates significantly.
Deductible comparison
One of the most common auto insurance questions is at what level do you set your deductibles. The following insurance rates outline how much more rates are when you select higher and lower physical damage deductibles. The first set of rates uses a $250 deductible for comp and collision and the second rate table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $464 | $1060 | $780 | $46 | $234 | $2,609 | $217 |
| Cobalt XFE 4-Dr Sedan | $464 | $1060 | $780 | $46 | $234 | $2,609 | $217 |
| Cobalt LS 2-Dr Coupe | $534 | $1060 | $864 | $52 | $258 | $2,793 | $233 |
| Cobalt XFE 2-Dr Coupe | $534 | $1060 | $864 | $52 | $258 | $2,793 | $233 |
| Cobalt LT 4-Dr Sedan | $534 | $1060 | $780 | $46 | $234 | $2,679 | $223 |
| Cobalt LT 2-Dr Coupe | $602 | $1060 | $864 | $52 | $258 | $2,861 | $238 |
| Cobalt SS Turbo 2-Dr Coupe | $670 | $1380 | $864 | $52 | $258 | $3,249 | $271 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $378 | $854 | $780 | $46 | $234 | $2,292 | $191 |
| Cobalt XFE 4-Dr Sedan | $378 | $854 | $780 | $46 | $234 | $2,292 | $191 |
| Cobalt LS 2-Dr Coupe | $434 | $854 | $864 | $52 | $258 | $2,462 | $205 |
| Cobalt XFE 2-Dr Coupe | $434 | $854 | $864 | $52 | $258 | $2,462 | $205 |
| Cobalt LT 4-Dr Sedan | $434 | $854 | $780 | $46 | $234 | $2,348 | $196 |
| Cobalt LT 2-Dr Coupe | $490 | $854 | $864 | $52 | $258 | $2,518 | $210 |
| Cobalt SS Turbo 2-Dr Coupe | $546 | $1112 | $864 | $52 | $258 | $2,832 | $236 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Estimates do not factor in vehicle garaging location which can modify premiums significantly.
Based on the above data, using a $250 deductible costs roughly $28 more each month or $336 for a full year averaged for all Cobalt models than opting for the higher $500 deductible. Due to the fact that you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you have at least 9 months between claim filings, you would more than likely save some money if you choose the higher deductible.
Auto insurance rates and discounts
Some insurers don’t always publicize the complete list of policy discounts very well, so we took the time to find a few of the more well known in addition to some of the lesser obvious auto insurance savings.
- Defensive Driving Course – Taking time to complete a defensive driver course could cut 5% off your bill and also improve your driving technique.
- Claim-Free Discount – Drivers with accident-free driving histories can save substantially in comparison to frequent claim filers.
- Anti-lock Brakes – Cars and trucks with ABS braking systems or traction control prevent accidents and earn discounts up to 10%.
- Cautious Drivers – Drivers without accidents can pay as much as 50% less than drivers with accident claims.
- Multiple Policy Discount – When you combine your auto and homeowners insurance with one insurance company you could earn a discount of approximately 10% to 15%.
- Discount for Life Insurance – Select insurance companies reward you with a break if you buy some life insurance too.
- Own a Home – Just owning your own home can help you save on auto insurance because it demonstrates responsibility.
- Accident Forgiveness – This isn’t a discount exactly, but a few companies such as Liberty Mutual and GEICO may permit one accident without getting socked with a rate hike so long as you are claim-free for a particular time prior to the accident.
- Theft Deterrent – Anti-theft and alarm system equipped vehicles can help prevent theft and that can save you a little bit as well.
- Distant College Student Discount – Any of your kids who are attending college and do not have access to a covered vehicle may be able to be covered for less.
Drivers should understand that some credits don’t apply to the overall cost of the policy. The majority will only reduce individual premiums such as comprehensive or collision. So despite the fact that it appears adding up those discounts means a free policy, nobody gets a free ride.
The information below visualizes the comparison of Chevy Cobalt car insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no claims or violations, Michigan 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 multi-policy, homeowner, marriage, multi-car, claim-free, and safe-driver discounts applied.
A few of the larger companies and their offered discounts are shown below.
- Progressive offers premium reductions for online quote discount, good student, online signing, multi-vehicle, continuous coverage, and multi-policy.
- Farmers Insurance has savings for business and professional, distant student, bundle discounts, switch companies, teen driver, and homeowner.
- Farm Bureau may offer discounts for driver training, youthful driver, multi-policy, multi-vehicle, safe driver, good student, and 55 and retired.
- State Farm offers discounts including multiple policy, anti-theft, student away at school, passive restraint, multiple autos, driver’s education, and good student.
- GEICO may have discounts that include federal employee, good student, air bags, multi-policy, driver training, and anti-theft.
- SAFECO discounts include drive less, teen safe driver, bundle discounts, anti-theft, safe driver, and homeowner.
- Liberty Mutual includes discounts for new graduate, new vehicle discount, safety features, newly retired, hybrid vehicle, and teen driver discount.
If you want the cheapest Chevrolet Cobalt rate quotes, ask every company which discounts you qualify for. A few discounts might not be offered in Detroit. For a list of companies with discount rates in Michigan, click here to view.
Car insurance quotes from neighborhood Detroit auto insurance agents
Certain consumers still prefer to talk to an insurance agent and often times that is recommended A good thing about price shopping on the web is you can get the lowest rates and also buy local. Putting coverage with neighborhood agents is important particularly in Detroit.
After filling out this simple form, the quote information is submitted to companies in Detroit that give free quotes for your business. It makes it easy because there is no need to find an agent because prices are sent directly to your email. You’ll get the best rates and an insurance agent to talk to. If you want to get a rate quote from a specific car insurance provider, you would need to jump over to their website and fill out their quote form.
The following are agents in Detroit that are able to give price quote information for Chevy Cobalt insurance in Detroit.
- Midwest Underwriters Insurance
19640 Harper Ave – Grosse Pointe Woods, MI 48236 – (313) 884-8600 – View Map - Tony Massey – State Farm Insurance Agent
15 E Kirby St #112 – Detroit, MI 48202 – (313) 873-3334 – View Map - State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map - Insurance Services of Michigan
615 Griswold St Griswold – Detroit, MI 48226 – (313) 963-7170 – View Map
Selecting an insurance company should include more criteria than just a low price. Agents should be asked these questions:
- Will you work with the agent or an assistant?
- Will the quote change when the policy is issued?
- Is there any savings for paying the full premium?
- How often do they review coverages?
- Do they specialize in personal lines auto insurance in Detroit?
- Can you get a list of referrals?
Quote more to save more
When trying to cut insurance costs, it’s a bad idea to sacrifice coverage to reduce premiums. In many cases, an insured dropped physical damage coverage only to find out that it was a big error on their part. Your focus should be to buy the best coverage you can find at the lowest possible cost while not skimping on critical coverages.
People switch companies for many reasons like not issuing a premium refund, lack of trust in their agent, denial of a claim and high rates after DUI convictions. It doesn’t matter why you want to switch finding the right car insurance provider can be easy and end up saving you some money.
Low-cost Chevy Cobalt insurance in Detroit can be found from both online companies as well as from independent agents in Detroit, and you should compare rates from both so you have a total pricing picture. Some companies may not have online quoting and usually these smaller providers prefer to sell through independent agencies.
Additional detailed information can be read in these articles:
- Five Mistakes to Avoid (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for Good Students in Detroit? (FAQ)
- How Much are Auto Insurance Rates for a School Permit in Detroit? (FAQ)
- Who Has Cheap Detroit Auto Insurance for College Graduates? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)