Chevy Colorado insurance image courtesy of QuoteInspector.com
No normal person loves paying for car insurance, especially when they know they are paying too much.
Smart shoppers know that auto insurance companies don't want their customers to go rate shopping. Insureds who rate shop once a year will probably buy a different policy because they have good chances of finding a policy with more affordable rates. A recent car insurance study revealed that people who routinely shopped for cheaper coverage saved approximately $865 a year as compared to drivers who never compared prices.
If finding budget-friendly insurance is why you're here, then learning about how to quote and compare insurance can make it simple to find affordable coverage.
Big-name insurance companies like State Farm, Allstate, GEICO and Progressive all claim big savings with advertising and it is difficult to ignore the propaganda and find the best price available.
You should take the time to compare rates as often as possible since prices change frequently. Just because you had the lowest quotes on Chevy Colorado insurance in Newark a couple years back you can probably find a better rate now. There are lots of tips to save on Colorado insurance online, but in a few minutes you can learn some excellent ideas to stop overpaying for insurance in Newark.
If you have insurance now, you will be able to lower your rates using the ideas covered in this article. Buying the cheapest auto insurance in Newark is much easier if you have a good place to start. But New Jersey car owners should learn how big insurance companies market insurance on the web and use it to your advantage.
Companies offering cheap Chevy Colorado prices in Newark, NJ
The auto insurance companies shown below can provide free rate quotes in New Jersey. To locate cheap car insurance in NJ, it's a good idea that you get prices from several of them in order to get a fair rate comparison.
Facts and figures for Chevy Colorado insurance
The coverage table shown below highlights estimates of insurance premium costs for Chevy Colorado models. Learning how insurance prices are established can be valuable when making decisions when shopping around.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Colorado LT 2WD||$250||$474||$496||$30||$148||$1,398||$117|
|Colorado LT Extended Cab 2WD||$294||$576||$496||$30||$148||$1,544||$129|
|Colorado LT 4WD||$294||$474||$420||$24||$126||$1,338||$112|
|Colorado LT Crew Cab 2WD||$294||$576||$496||$30||$148||$1,544||$129|
|Colorado LT Extended Cab 4WD||$294||$474||$420||$24||$126||$1,338||$112|
|Colorado LT Crew Cab 4WD||$338||$576||$420||$24||$126||$1,484||$124|
|Get Your Own Custom Quote Go|
Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Jersey minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific location information which can alter auto insurance rates substantially.
Bad driving habits will cost you more
The diagram below demonstrates how traffic citations and fender-benders impact Chevy Colorado auto insurance rates for each different age category. The prices are based on a married male driver, full coverage, $500 deductibles, and no other discounts are factored in.
Cost difference between full coverage and liability
The diagram below compares Chevy Colorado annual premium costs with liability coverage only compared to full coverage. Data assumes no driving violations, no at-fault accidents, $1,000 deductibles, drivers are single, and no discounts are factored in.
Should you pay for full coverage?
There isn't a steadfast formula of when to exclude full coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let's say your Chevy Colorado replacement cost is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after you pay the deductible. If premiums are more than $500 annually for physical damage coverage, then it might be time to consider dropping full coverage.
There are some circumstances where buying only liability insurance is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Lower rates by qualifying for discounts
Companies offering auto insurance don't necessarily list all their discounts very clearly, so we researched a few of the more common and also the more inconspicuous credits available to you.
- Anti-lock Brake Discount - Cars and trucks that have anti-lock braking systems are much safer to drive and therefore earn up to a 10% discount.
- Good Grades Discount - Performing well in school may save you up to 25%. The good student discount can last up until you turn 25.
- Student Discount for Driver Training - It's a good idea to have your young drivers complete a driver education course as it can save substantially.
- Sign Early and Save - A few companies give discounts for switching policies before your current expiration date. Ten percent is about the average savings.
- Seat Belts Save more than Lives - Drivers who always wear seat belts and also require passengers to buckle up can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
Consumers should know that most discount credits are not given to the overall cost of the policy. Most only cut individual premiums such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, car insurance companies aren't that generous.
The chart below shows the difference between Chevy Colorado insurance costs with and without discounts. The data is based on a male driver, no tickets, no at-fault accidents, New Jersey state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, homeowner, multi-car, and marriage discounts applied.
A partial list of companies that possibly offer most of these discounts possibly include:
It's a good idea to ask every company which discounts you qualify for. Some of the discounts discussed earlier might not be offered in Newark. If you would like to choose from a list of car insurance companies with the best discounts in New Jersey, click here to view.
Buying auto insurance from Newark insurance agents
A lot of people just want to talk to an insurance agent and that can be a great decision One of the great benefits of comparing auto insurance online is the fact that you can find cheap auto insurance quotes and still choose a local agent.
After completing this quick form, your insurance coverage information is immediately sent to insurance agents in Newark that can provide free Newark car insurance quotes for your coverage. You won't even need to do any legwork due to the fact that quote results will go immediately to you. You'll get the best rates and work with a local agent. If you want to compare prices from a specific insurance company, you just need to navigate to their website and complete a quote there.
Finding the right provider requires you to look at more than just the quoted price. These are some questions you should get answers to.
- By raising physical damage deductibles, how much would you save?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- How long has their agency been open in Newark?
- Will the quote change when the policy is issued?
- Does the agent have a valid license to sell insurance in New Jersey?
- Is auto insurance their primary focus in Newark?
- Does the company have a local claim office in Newark?
Independent or Exclusive: It's your choice
When searching for a local Newark insurance agency, there are two different types of agencies and how they work. Newark agents can either be independent or exclusive.
Exclusive Auto Insurance Agents
Agents of this type generally can only insure with one company such as State Farm, Allstate and AAA. They generally cannot place coverage with different providers so they are skilled at selling on more than just price. Exclusive insurance agents are usually quite knowledgeable on their company's products which helps them compete with independent agents.
Listed below are exclusive insurance agents in Newark willing to provide rate quotes.
Independent Agencies or Brokers
Agents that choose to be independent do not have single company limitations and that allows them to write policies with many different companies and find the cheapest auto insurance rates. If prices rise, they simply move your policy to a different company which makes it simple for you.
If you are comparing auto insurance prices, you need to compare prices from at a minimum one independent agency for maximum quote selection.
The following are independent agencies in Newark that are able to give price quotes.
Don't give up on cheap rates
Cheaper car insurance in Newark can be found online as well as from independent agents in Newark, so get free Newark car insurance quotes from both of them to have the best chance of lowering rates. Some insurance companies don't offer online quoting and most of the time these small insurance companies provide coverage only through independent agents.
When trying to cut insurance costs, it's very important that you do not buy poor coverage just to save money. In many cases, drivers have reduced liability limits or collision coverage and discovered at claim time that it was a big mistake. The aim is to buy enough coverage at the best possible price, but do not sacrifice coverage to save money.
How to quote cheaper Chevy Colorado insurance in Newark
The most effective way to find affordable quotes for car insurance rates is to do a yearly price comparison from insurers that insure vehicles in Newark. You can compare prices by following these guidelines.
Step 1: It will benefit you to learn about how your policy works and the steps you can take to drop your rates. Many rating criteria that drive up the price such as traffic violations and an unacceptable credit score can be controlled by making minor changes in your lifestyle.
Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can give quotes from a single company like GEICO or State Farm, while agents who are independent can quote prices from multiple companies.
Step 3: Compare the new rate quotes to the premium of your current policy and see if there is a cheaper rate in Newark. If you can save money, make sure there is no coverage gap between policies.
Step 4: Provide written notification to your current company to cancel your current coverage and submit payment and a signed application to the new company. Don't forget to place your new proof of insurance paperwork in your vehicle.
The critical component of shopping around is to try to use similar limits and deductibles on each price quote and and to get rates from every company you can. Doing this helps ensure a fair price comparison and maximum price selection.
More tips and info about car insurance is available in these articles:
- Vehicle Insurance (Wikipedia)
- Who Has Cheap Newark Auto Insurance for Unemployed Drivers? (FAQ)
- How Much is Auto Insurance for a Chevrolet Equinox in Newark? (FAQ)
- What Insurance is Cheapest for Retired Military in Newark? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Rental Reimbursement Coverage (Allstate)