The best way to get cheaper auto insurance rates in Detroit is to compare quotes annually from insurance carriers who can sell car insurance in Michigan. Drivers can shop around by following these steps.
- Get an understanding of how insurance companies determine prices and the modifications you can make to prevent expensive coverage. Many risk factors that cause high rates such as at-fault accidents, speeding tickets, and a not-so-good credit score can be controlled by making minor changes to your lifestyle.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can give quotes from one company like Progressive or Farmers Insurance, while independent agents can quote rates for many different companies. View prices
- Compare the new rate quotes to your current policy and see if you can save money. If you find better rates and buy the policy, verify that coverage does not lapse between policies.
- Tell your current company of your intent to cancel your current coverage and submit payment and a signed application for the new coverage. Once the paperwork is finalized, place your new certificate verifying proof of insurance in an accessible location in your vehicle.
One tip to remember is to use the same deductibles and limits on every quote request and and to analyze as many companies as possible. Doing this provides a level playing field and a thorough selection of prices.
Amazingly, a large majority of consumers have remained with the same auto insurance company for a minimum of four years, and virtually 40% of consumers have never shopped around. With the average auto insurance premium being $1,847, American drivers can save hundreds of dollars each year, but most tend to underestimate the large savings they would see if they switched to a cheaper policy.
Quoting and buying affordable insurance in Detroit is quite easy. Basically, every car owner who quotes insurance will buy a cheaper policy. Although Michigan drivers can benefit by having an understanding of the way insurance companies compete online because rates fluctuate considerably.
The fastest way that we advise to compare rates for Chevy Colorado insurance in Detroit utilizes the fact most of the bigger providers participate in a system to compare their rates. The only thing you need to do is give them rating details like your occupation, if you have a valid license, which vehicles you own, and if the vehicle is leased. The rating information gets sent immediately to multiple insurance providers and they return cost estimate very quickly.
To get price quotes for your Chevy Colorado now, click here and enter your zip code.
The following companies have been selected to offer free quotes in Michigan. To buy the best car insurance in MI, it’s highly recommended you visit two to three different companies to find the most competitive car insurance rates.
Chevy Colorado insurance rate analysis
The information below outlines detailed analysis of insurance prices for Chevy Colorado models. Learning how auto insurance premiums are calculated is important for making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $322 | $596 | $690 | $40 | $206 | $1,854 | $155 |
| Colorado LT Extended Cab 2WD | $378 | $726 | $690 | $40 | $206 | $2,040 | $170 |
| Colorado LT 4WD | $378 | $596 | $586 | $34 | $176 | $1,770 | $148 |
| Colorado LT Crew Cab 2WD | $378 | $726 | $690 | $40 | $206 | $2,040 | $170 |
| Colorado LT Extended Cab 4WD | $378 | $596 | $586 | $34 | $176 | $1,770 | $148 |
| Colorado LT Crew Cab 4WD | $434 | $726 | $586 | $34 | $176 | $1,956 | $163 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Michigan minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rates do not factor in specific zip code location which can affect rates significantly.
Can higher deductibles save money?
One frequently asked question is which deductible level should you buy. The figures shown below illustrate the differences in premium rates between high and low insurance deductibles. The first pricing table uses a $250 deductible and the second pricing table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $396 | $738 | $690 | $40 | $206 | $2,095 | $175 |
| Colorado LT Extended Cab 2WD | $464 | $900 | $690 | $40 | $206 | $2,325 | $194 |
| Colorado LT 4WD | $464 | $738 | $586 | $34 | $176 | $2,023 | $169 |
| Colorado LT Crew Cab 2WD | $464 | $900 | $690 | $40 | $206 | $2,325 | $194 |
| Colorado LT Extended Cab 4WD | $464 | $738 | $586 | $34 | $176 | $2,023 | $169 |
| Colorado LT Crew Cab 4WD | $534 | $900 | $586 | $34 | $176 | $2,255 | $188 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $322 | $596 | $690 | $40 | $206 | $1,854 | $155 |
| Colorado LT Extended Cab 2WD | $378 | $726 | $690 | $40 | $206 | $2,040 | $170 |
| Colorado LT 4WD | $378 | $596 | $586 | $34 | $176 | $1,770 | $148 |
| Colorado LT Crew Cab 2WD | $378 | $726 | $690 | $40 | $206 | $2,040 | $170 |
| Colorado LT Extended Cab 4WD | $378 | $596 | $586 | $34 | $176 | $1,770 | $148 |
| Colorado LT Crew Cab 4WD | $434 | $726 | $586 | $34 | $176 | $1,956 | $163 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Michigan minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Table data does not factor in specific garaging location which can affect coverage prices considerably.
Using the data above, we can ascertain that using a $250 deductible costs about $23 more each month or $276 annually than requesting the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you normally average more than 11 months between claims, you would probably be better off if you choose the higher deductible.
The illustration below illustrates how choosing a deductible and can raise or lower Chevy Colorado premium costs for different age groups. The costs are based on a married female driver, full coverage, and no discounts are applied.
Auto insurance rates based on gender
The example below compares Chevy Colorado auto insurance costs for male and female drivers. The rate quotes are based on no accidents or driving violations, full coverage, $500 deductibles, single status, and no discounts are applied.
Should you buy full coverage?
The diagram below shows the difference between Chevy Colorado insurance costs with liability coverage only compared to full coverage. The premium estimates are based on no claims, a clean driving record, $100 deductibles, single marital status, and no other discounts are factored in.
When to eliminate full coverage
There isn’t a written rule to drop physical damage coverage, but there is a general guideline. If the yearly cost of full coverage is more than around 10% of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s say your Chevy Colorado replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,000 after you pay the deductible. If you are paying more than $600 a year to have full coverage, then you might consider buying liability only.
There are some scenarios where buying only liability insurance is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should maintain full coverage.
Protect your Chevy vehicle and other assets
Even though it’s not necessarily cheap to insure a Chevy in Detroit, maintaining insurance may be required and benefits you in several ways.
First, just about all states have compulsory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance if you want to drive 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 you have a loan on your Colorado, more than likely the lender will require that you carry insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the lender may insure your Chevy at a much higher rate and require you to reimburse them much more than you were paying before.
Third, insurance safeguards not only your Chevy Colorado but also your financial assets. It will also cover most medical and hospital costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will cover the damage repairs after a deductible is paid.
The benefits of buying enough insurance greatly outweigh the cost, particularly for liability claims. According to a recent study, the average American driver overpays as much as $850 per year so you should quote and compare rates once a year at a minimum to be sure current rates are still competitive.
Learn How to Lower Your Insurance Prices
One of the most helpful ways to save on car insurance is to to have a grasp of a few of the rating criteria that help determine your car insurance rates. If you know what determines base rates, this allows you to make educated decisions that will entitle you to big savings.
Higher physical damage deductibles lower rates – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your Chevy from damage. Some examples of claims that would be covered would be a dented fender, vandalism, and having your car stolen. Comp and collision deductibles are the amount of money you are required to spend out-of-pocket if the claim is covered. The more of the claim you have to pay, the better rate you will receive.
Urban residents pay more – Being located in a rural area may provide you with better prices when shopping for auto insurance. Residents of big cities regularly have traffic congestion and more time behind the wheel. Lower population means fewer accidents in addition to lower liability claims.
Commute or pleasure use – The higher the mileage driven every year the higher the price you pay to insure it. Many insurance companies charge rates based on how the vehicle is used. Cars used primarily for pleasure use can be on a lower rate level as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your Colorado is throwing money out the window. It’s a smart idea to ensure your vehicle rating shows how each vehicle is driven, because improper ratings can cost you money.
Avoid traffic tickets – Good drivers receive lower rates than people who have multiple driving citations. Having a single citation could increase your next policy renewal by as much as thirty percent. Drivers with license-revoking tickets like reckless driving, hit and run or driving under the influence may need to complete a SR-22 with their state’s licensing department in order to prevent a license revocation.
The information below highlights how speeding tickets and at-fault accidents can increase Chevy Colorado insurance costs for each different age group. The data assumes a married female driver, comp and collision included, $1,000 deductibles, and no discounts are taken into consideration.
More than one policy can earn a discount – Many insurance companies afford discounts to customers that buy multiple policies, otherwise known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to comparison shop to help guarantee you have the best rates.
Liability coverage – The liability coverage on your policy will protect you if ever you are found liable for personal injury or accident damage. Your liability coverage provides you with a defense in court which can be incredibly expensive. This coverage is very inexpensive compared to other policy coverages, so buy as much as you can afford.
Claims cost money – If you tend to file frequent claims, you should expect either a policy non-renewal or much higher rates. Companies in Michigan generally give better rates to policyholders who are claim-free. Your insurance policy is designed for claims that pose a financial burden.
Insurance loss probability for a Chevy Colorado – Insurance companies analyze claim trends for every vehicle when setting rates for each model. Models that have higher claim amounts or frequency will have increased rates.
The next table shows the actual insurance loss data for Chevy Colorado vehicles. For each policy coverage, the claim amount for all vehicles, regardless of manufacturer or model, is considered to be 100. Numbers shown that are under 100 suggest a positive loss record, while values over 100 indicate higher probability of having a loss or tendency to have higher losses.
| 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 |
Empty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Lower rate quotes on Chevy Colorado insurance in Detroit with these insurance discounts
Some insurance providers don’t always advertise all discounts in a way that’s easy to find, so here is a list some of the best known as well as the least known discounts that you may qualify for. If you aren’t receiving every discount you deserve, you are not getting the best rate possible.
- No Claims – Insureds with no claims or accidents are rewarded with significantly better rates on Detroit auto insurance quote as compared to bad drivers.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are much safer to drive and the ABS can save up to 10%.
- Accident Forgiveness Coverage – Not necessarily a discount, but a handful of insurance companies permit an accident before raising your premiums with the catch being you have to be claim-free before the accident.
- Payment Discounts – By paying your entire bill at once rather than spreading payments over time you can avoid monthly service charges.
- Discounts for Government Workers – Federal government employees could qualify for a slight premium decrease with select insurance companies.
- Multiple Vehicles – Buying coverage for all your vehicles on a single policy qualifies for this discount.
- Active Service Discounts – Being on active duty in the military could qualify you for better insurance rates.
- Student Discount for Driver Training – It’s a good idea to have your young drivers successfully complete driver’s ed class if it’s offered in school.
- Telematics Data Discounts – People who choose to allow their company to look at vehicle usage through the use of a telematics system such as In-Drive from State Farm or Allstate’s Drivewise system might see lower rates as long as they are good drivers.
- Drive Safe and Save – Drivers without accidents can save up to 40% or more on their Detroit auto insurance quote than drivers with accidents.
You can save money using discounts, but most credits 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 adding up those discounts means a free policy, you won’t be that lucky.
The diagram below shows the comparison of Chevy Colorado insurance costs with and without discounts applied to the premium. The rate quotes are based on a male driver, a clean driving record, no claims, 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-car, claim-free, marriage, homeowner, safe-driver, and multi-policy discounts applied.
A few companies that may offer policyholders some of the above discounts may include but are not limited to:
Before purchasing a policy, check with every company which discounts you qualify for. Discounts might not be available to policyholders in Detroit. If you would like to see a list of insurance companies with discount rates in Detroit, click here.
When to have guidance from an insurance agency
Certain consumers just prefer to go talk to an agent and that is just fine! The biggest benefit of comparing insurance prices online is you may find the best rates and still choose a local agent. Buying from and supporting local agencies is definitely important in Detroit.
After completing this short form, your insurance data is sent to insurance agents in Detroit who want to provide quotes for your auto insurance coverage. It’s much easier because you don’t need to contact any insurance agencies since rate quotes are delivered instantly to you. You can most likely find cheaper rates without a big time investment. If you wish to quote rates from a specific auto insurance provider, you just need to find their quoting web page and fill out their quote form.
Compare rates from both independent and exclusive auto insurance agents
If you want to use a reliable agent, you should know the types of agencies and how they are distinctly different. Insurance agencies in Detroit can be categorized as either independent agents or exclusive agents depending on their employer.
Independent Agencies or Brokers
Agents of this type are not required to write business for one company and that is an advantage because they can write policies with a variety of different insurance companies and find you the best rates. If your agent finds better pricing, they can switch companies in-house and you can keep the same agent.
If you need cheaper auto insurance rates, it’s a good idea to include rate quotes from at least one independent agent for maximum quote selection. Most can insure with mutual insurance companies which can be an advantage.
Listed below are Detroit independent agencies that can possibly get you free price quotes.
- C B Irwin Insurance
2357 W Grand Blvd – Detroit, MI 48208 – (313) 894-2144 – View Map - Soboh Insurance
16800 W Warren Ave – Detroit, MI 48228 – (313) 581-3400 – View Map - Diebold Detroit Insurance Agency
1420 Broadway St #101 – Detroit, MI 48226 – (313) 964-3750 – View Map
Exclusive Auto Insurance Agents
Exclusive insurance agents have only one company to place business with and some examples include Farmers Insurance, Allstate, or State Farm. These agents are unable to compare other company’s rates so it’s a take it or leave it situation. Exclusive agents are usually well trained on their company’s products which helps them sell insurance even at higher premiums. Some insured continue to use the same exclusive agent mainly due to loyalty to the company rather than having the cheapest rates.
The following are exclusive insurance agencies in Detroit that can give you rate quotes.
- Allstate Insurance: Shauna Johnson
18711 Grand River Ave – Detroit, MI 48223 – (313) 272-2020 – View Map - PD Dandnaik – State Farm Insurance Agent
W, 7725 Vernor Hwy – Detroit, MI 48209 – (313) 554-1500 – View Map - State Farm – Eric Huffman
3031 W Grand Blvd #568 – Detroit, MI 48202 – (313) 875-3172 – View Map
Picking a insurance agent requires you to look at more than just a cheap quote. Ask your prospective agent these questions:
- How are they compensated?
- Will they make sure you get an adequate claim settlement?
- How many companies do they write for?
- Do you need full coverage on every vehicle?
- Is the agent CPCU or CIC certified?
Quote more and you will save more
You just read a lot of techniques to save on Chevy Colorado insurance in Detroit. It’s most important to understand that the more times you quote, the better your comparison will be. Consumers may even find the lowest priced auto insurance comes from an unexpected company.
Consumers leave their current company for many reasons like lack of trust in their agent, high prices, high rates after DUI convictions or unfair underwriting practices. It doesn’t matter why you want to switch finding a great new company is pretty easy and you might even save some money in the process.
As you go through the steps to switch your coverage, it’s not a good idea to buy less coverage just to save a little money. In many instances, an insured dropped comprehensive coverage or liability limits only to regret that it was a big error on their part. Your objective should be to buy the best coverage you can find at the best cost.
To learn more, feel free to visit the following helpful articles:
- How to shop for a safer car (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest for Seniors in Detroit? (FAQ)
- Who Has Cheap Detroit Car Insurance Quotes for Police Officers? (FAQ)
- Who Has the Cheapest Detroit Car Insurance Quotes for a Chevrolet Equinox? (FAQ)
- How Much is Detroit Car Insurance for a Hyundai Santa Fe? (FAQ)
- Who Has the Cheapest Auto Insurance for High School Students in Detroit? (FAQ)
- What Car Insurance is Cheapest for High Risk Drivers in Detroit? (FAQ)
- How Much are Auto Insurance Quotes for Real Estate Agents in Detroit? (FAQ)
- Who Has Affordable Detroit Car Insurance for Handicapped Drivers? (FAQ)
- Who has the Cheapest Auto Insurance Quotes in Detroit, MI? (DetroitInsure.com)
- Event Data Recorders FAQ (iihs.org)
- Child Safety FAQ (iihs.org)