Chevy Cobalt Insurance Quotes in Virginia Beach

The recommended way to get budget Chevy Cobalt insurance in Virginia Beach is to compare prices at least once a year from insurers who sell insurance in Virginia. Prices can be compared by following these steps.

1. Read and learn about how auto insurance works and the things you can change to keep rates in check. Many rating criteria that result in higher rates like at-fault accidents and poor credit can be remedied by paying attention to minor details. Continue reading for ideas to help prevent high rates and get bigger discounts.
2. Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can quote rates from multiple insurance companies.
3. Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a lower rate and buy the policy, make sure there is no lapse in coverage.

An important bit of advice to remember is to make sure you’re comparing similar limits and deductibles on every price quote and and to get prices from every company you can. This provides a fair price comparison and plenty of rates choose from.

Shocking but true, the vast majority of auto insurance customers have been with the same company for more than four years, and approximately 38% of consumers have never taken the time to shop around. Virginia Beach drivers could cut their rates by roughly $550 a year, but they just assume it’s a time-consuming process to compare other rate quotes.

If you’re already insured or are looking for a new policy, you can use these techniques to save money without reducing protection. Buying the cheapest auto insurance in Virginia Beach seems hard but is not really that difficult. Shoppers just have to know how to compare rate quotes using one simple form.

The easiest way to compare insurance rates in your area utilizes the fact most larger insurance companies actually pay money for the chance to compare their rates. All consumers are required to do is provide the companies a bit of rating information including whether you have decent credit, daily mileage, how old drivers are, and how much school you completed. The data is sent automatically to insurance carriers in your area and you receive quotes instantly.

If you wish to get multiple quotes for your Chevy Cobalt now, click here and enter the information requested.

The companies shown below are ready to provide quotes in Virginia. If your goal is to find the best auto insurance in Virginia Beach, it’s a good idea that you compare several of them in order to get a fair rate comparison.

It may be expensive, but it’s not optional

Despite the high cost, paying for auto insurance is required for several reasons.

• The majority of states have compulsory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability protection in order to license the vehicle. In Virginia these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
• If you took out a loan on your Chevy, more than likely the lender will stipulate that you buy insurance to guarantee payment of the loan. If you do not keep the policy in force, the lender may have to buy a policy to insure your Chevy for a much higher rate and require you to pay for it.
• Insurance safeguards both your assets and your vehicle. It will also cover medical bills for not only you but also any passengers injured in an accident. Liability insurance also pays for attorney fees and expenses if you cause an accident and are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay all costs to repair after the deductible has been paid.

The benefits of buying enough insurance definitely exceed the price paid, particularly for liability claims. But the average American driver overpays as much as $750 every year so it’s important to compare rates each time the policy renews to ensure rates are inline.

Chevy Cobalt insurance coverage information

The rate table below outlines a range of policy rates for Chevy Cobalt models. Learning a little about how car insurance prices are established is important to be able to make smart choices when buying a car insurance policy.

Premium data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Virginia minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Rate quotes do not factor in specific location which can impact coverage prices substantially.

Comparison of policy deductibles

A question often asked by Virginia Beach drivers is how high should the deductibles for physical damage be. The comparisons below illustrate the rate difference when you buy lower versus higher policy deductibles. The first table uses a $250 comprehensive and collision deductible and the second price grid uses a $500 deductible.

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Virginia minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Prices do not factor in zip code location which can influence rates considerably.

We can derive from the above data that using a $250 deductible could cost the average driver approximately $12 more each month or $144 for a full year averaged for all Cobalt models than requesting the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you normally go at least 21 months between claim filings, you would more than likely save some money if you choose the higher deductible.

One important issue to know is that raising deductibles results in a higher out-of-pocket expense when you file a claim. You must have enough extra money in the event you need to pay the deductible to have repairs made.

Full coverage rates vs. liability-only in Virginia Beach

The information below compares Chevy Cobalt auto insurance costs with full coverage and liability only. Data assumes no claims or driving violations, $100 deductibles, drivers are single, and no discounts are applied.

When to drop full coverage

There isn’t a steadfast formula of when to eliminate full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s pretend your Chevy Cobalt book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying the physical damage deductible. If it’s costing you more than $700 a year to have full coverage, then you may need to consider dropping full coverage.

There are a few cases where removing full coverage is not advised. If you have an outstanding loan on your vehicle, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.

Get cheaper Chevy Cobalt insurance rates in Virginia Beach

Companies offering auto insurance don’t necessarily list every available discount very well, so we researched both well-publicized as well as the least known discounts that you may qualify for.

• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase life insurance.
• Good Student Discount – A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.
• New Car Discount – Buying a new car instead of a used Cobalt can get you a discount since new vehicles have better safety ratings.
• Driver Safety – Taking a class that teaches driver safety techniques can save you 5% or more and easily recoup the cost of the course.
• Save with More Vehicles Insured – Buying coverage for several vehicles on the same insurance policy can get a discount on all vehicles.
• Theft Deterrent System – Cars optioned with advanced anti-theft systems are stolen less frequently so companies will give you a small discount.
• Student in College – Kids living away from Virginia Beach attending college and won’t have access to an insured vehicle may be insured at a cheaper rate.
• Seat Belts Save more than Lives – Requiring all passengers to wear their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
• Payment Method – If paying your policy premium upfront as opposed to paying monthly you can actually save on your bill.
• Discounts for Cautious Drivers – Safe drivers can pay as much as 50% less than drivers with accidents.

Policy discounts save money, but most credits do not apply to the entire cost. Most only reduce the cost of specific coverages such as comprehensive or collision. So when it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business. But all discounts will bring down the amount you have to pay.

The chart below visualizes the comparison of Chevy Cobalt yearly insurance costs with and without discounts applied. The rates are based on a female driver, no claims, a clean driving record, Virginia 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 multi-car, homeowner, multi-policy, safe-driver, claim-free, and marriage discounts applied.

To locate companies with discount insurance rates in Virginia Beach, click this link.

When do I need an agent’s advice?

When it comes to choosing the right insurance coverage for your personal vehicles, there really is no one size fits all plan. Every situation is different.

Here are some questions about coverages that can aid in determining whether you will benefit from professional help.

• If I use my vehicle for business use is it covered?
• Are my custom wheels covered?
• When do I need to add a new car to my policy?
• Is my camper covered by my car insurance policy?
• Is my teenager covered with friends in the car?
• Is extra glass coverage worth it?
• Can I get a multi-policy discount?
• Does my insurance cover my expensive audio equipment?

If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.