It’s well known that auto insurance companies want to prevent you from shopping around. Drivers who perform rate comparisons are highly likely to switch auto insurance companies because there is a high probability of finding a lower-priced company. A recent survey found that consumers who shopped around annually saved about $3,500 over four years compared to those who never shopped around for cheaper prices.
If finding the cheapest price on Chevy Cobalt insurance is your objective, then understanding how to compare insurance premiums can save money and time.
If you want to save money, the best way to quote cheaper Chevy Cobalt insurance is to do a yearly price comparison from insurance carriers who sell insurance in Laredo. Rates can be compared by following these guidelines.
First, gain an understanding of what coverages are included in your policy and the modifications you can make to prevent rate increases. Many rating criteria that result in higher rates such as speeding tickets, accidents and an imperfect credit history can be improved by improving your driving habits or financial responsibility.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
Third, compare the new rate quotes to the price on your current policy and see if you can save money. If you find a better price and switch companies, make sure coverage is continuous and does not lapse.
Fourth, tell your current agent or company to cancel the current policy. Submit a completed application and payment for your new coverage. Once coverage is bound, place your new certificate of insurance in a readily accessible location in your vehicle.
An important bit of advice to remember is to try to compare similar coverage information on each quote request and and to get rate quotes from as many carriers as you can. Doing this provides the most accurate price comparison and maximum price selection.
Companies offering Chevy Cobalt insurance in Laredo
The following companies offer free quotes in Laredo, TX. If you want cheaper car insurance in TX, we suggest you visit as many as you can to get the most affordable price.
Rates and information analytics
The premium information shown next highlights different insurance prices for Chevy Cobalt models. Learning a little about how auto insurance premiums are calculated can help guide drivers when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $154 | $360 | $440 | $26 | $132 | $1,112 | $93 |
| Cobalt XFE 4-Dr Sedan | $154 | $360 | $440 | $26 | $132 | $1,112 | $93 |
| Cobalt LS 2-Dr Coupe | $176 | $360 | $486 | $28 | $146 | $1,196 | $100 |
| Cobalt XFE 2-Dr Coupe | $176 | $360 | $486 | $28 | $146 | $1,196 | $100 |
| Cobalt LT 4-Dr Sedan | $176 | $360 | $440 | $26 | $132 | $1,134 | $95 |
| Cobalt LT 2-Dr Coupe | $200 | $360 | $486 | $28 | $146 | $1,220 | $102 |
| Cobalt SS Turbo 2-Dr Coupe | $222 | $470 | $486 | $28 | $146 | $1,352 | $113 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Rates do not factor in the specific area where the vehicle is garaged which can lower or raise prices significantly.
Higher deductibles lower rates
When comparing insurance rates, the most common question is which deductibles should you choose. The comparisons below outline the differences in premium rates of buying low and high comp and collision deductibles. The first set of prices uses a $100 physical damage coverage deductible and the second data table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $286 | $698 | $430 | $26 | $128 | $1,593 | $133 |
| Cobalt XFE 4-Dr Sedan | $286 | $698 | $430 | $26 | $128 | $1,593 | $133 |
| Cobalt LS 2-Dr Coupe | $328 | $698 | $476 | $28 | $142 | $1,697 | $141 |
| Cobalt XFE 2-Dr Coupe | $328 | $698 | $476 | $28 | $142 | $1,697 | $141 |
| Cobalt LT 4-Dr Sedan | $328 | $698 | $430 | $26 | $128 | $1,635 | $136 |
| Cobalt LT 2-Dr Coupe | $370 | $698 | $476 | $28 | $142 | $1,739 | $145 |
| Cobalt SS Turbo 2-Dr Coupe | $412 | $908 | $476 | $28 | $142 | $1,991 | $166 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $158 | $368 | $430 | $26 | $128 | $1,110 | $93 |
| Cobalt XFE 4-Dr Sedan | $158 | $368 | $430 | $26 | $128 | $1,110 | $93 |
| Cobalt LS 2-Dr Coupe | $182 | $368 | $476 | $28 | $142 | $1,196 | $100 |
| Cobalt XFE 2-Dr Coupe | $182 | $368 | $476 | $28 | $142 | $1,196 | $100 |
| Cobalt LT 4-Dr Sedan | $182 | $368 | $430 | $26 | $128 | $1,134 | $95 |
| Cobalt LT 2-Dr Coupe | $206 | $368 | $476 | $28 | $142 | $1,220 | $102 |
| Cobalt SS Turbo 2-Dr Coupe | $228 | $478 | $476 | $28 | $142 | $1,352 | $113 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Estimates do not factor in specific zip code location which can change auto insurance rates significantly.
Based on the figures above, using a $100 deductible costs roughly $43 more each month or $516 a year than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average more than 21 months between claims, you would most likely save money if you choose a higher deductible.
How to calculate deductible break even point
| Average monthly premium for $100 deductibles: | $142 |
| Average monthly premium for $1,000 deductibles (subtract): | – $99 |
| Monthly savings from raising deductible: | $43 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $43 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 21 months |
Does it make sense to buy full coverage?
The example below illustrates the comparison of Chevy Cobalt insurance costs with full physical damage coverage and with liability coverage only. Data assumes no driving violations, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are factored in.
When to drop comp and collision
There is no specific rule of when to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s pretend your Chevy Cobalt settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $4,000 after paying your deductible. If premium cost is more than $400 annually to have full coverage, then it might be time to buy liability only.
There are some situations where only buying liability is not a good plan. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not buy liability only.
Lower-cost Laredo auto insurance quotes with discounts
Auto insurance can be pricey, but there could be available discounts that could drop your premiums quite a bit. Certain credits will be shown at the time of quoting, but lesser-known reductions have to be inquired about before you will receive the discount. If you are not receiving all the discounts you qualify for, it’s possible you qualify for a lower rate.
- Paperless Signup – Some of the larger companies give back up to $50 simply for signing on the web.
- Theft Deterrent – Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and will save you 10% or more on Cobalt insurance in Laredo.
- Discounts for New Vehicles – Insuring a new Cobalt may earn a small discount compared to insuring an older model.
- Professional Memberships – Being in specific professional or occupational memberships or organizations is a simple method to lower premiums when getting a Laredo car insurance quote.
- Seat Belts Save – Using a seat belt and requiring all passengers to buckle their seat belts can save up to 15% off the PIP or medical payment premium.
- No Claim Discounts – Laredo drivers who stay claim-free have much lower rates compared to policyholders that have many claims.
As is typical with insurance, most credits do not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. Despite the appearance that you would end up receiving a 100% discount, auto insurance companies aren’t that generous. But all discounts will definitely lower your premiums.
The illustration below shows the comparison of Chevy Cobalt yearly insurance costs with and without discounts applied to the premium. The costs are based on a female driver, a clean driving record, no claims, Texas 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, claim-free, marriage, homeowner, multi-car, and safe-driver discounts applied.
A list of companies and a partial list of their discounts are detailed below.
- State Farm may have discounts that include multiple policy, anti-theft, Steer Clear safe driver discount, defensive driving training, multiple autos, Drive Safe & Save, and student away at school.
- Farmers Insurance policyholders can earn discounts including youthful driver, good student, alternative fuel, distant student, business and professional, mature driver, and multi-car.
- Progressive discounts include online quote discount, good student, online signing, continuous coverage, and multi-vehicle.
- GEICO may offer discounts for anti-theft, multi-vehicle, federal employee, multi-policy, air bags, and military active duty.
- Auto-Owners Insurance offers discounts including safe driver, multi-policy, paperless, multiple vehicles, and safe vehicle.
- The Hartford offers discounts for driver training, bundle, defensive driver, air bag, and anti-theft.
- Farm Bureau has savings for youthful driver, good student, renewal discount, multi-policy, safe driver, driver training, and 55 and retired.
- USAA has discounts for loyalty savings, defensive driver, family discount, annual mileage, multi-vehicle, multi-policy, and driver training.
If you want affordable Laredo car insurance quotes, ask every insurance company which discounts you qualify for. Savings might not be offered on policies in every state.
Eight factors that affect insurance prices
The best way to find cheaper car insurance is to take a look at the rating factors that are used to determine the rates you pay for car insurance. If you have a feel for what determines base rates, this allows you to make educated decisions that can earn you cheaper rates.
Consolidate policies with the same company – Some insurance companies give discounts to buyers that have more than one policy such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even if you’re getting this discount it’s still a good idea to compare other Laredo Cobalt insurance rates to help ensure you have the lowest rates. It’s possible to still save more without the discount by buying from different companies
Fast cars cost more to insure – The make and model of the vehicle you own makes a huge difference in your rates. The cheapest rates tend to be for smaller low performance passenger cars, but the cost you end up paying is determined by many additional factors.
The chart below uses these assumptions: married female driver age 50, full coverage with $100 deductibles, and no discounts or violations. The chart compares Chevrolet Cobalt car insurance rates compared to other vehicles that have different risk factors.
Does insurance coverage cost less for gals? – Over time, data shows women are more cautious behind the wheel. That doesn’t necessarily mean that women are better drivers. Both sexes get in auto accidents in similar numbers, but men tend to have higher claims. Not only are claims higher, but men get cited for more serious violations such as DWI and reckless driving.
The information below illustrates the comparison of Chevy Cobalt car insurance costs for male and female drivers. The information is based on a clean driving record, no at-fault accidents, comprehensive and collision coverage, $250 deductibles, drivers are single, and no additional discounts are factored in.
Expect high rates for teens – Older insureds are shown to be more cautious, tend to cause fewer accidents, and usually have better credit. Teenage drivers tend to be careless and easily distracted when driving with friends therefore car insurance rates are much higher.
The data below assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
Small coverages can add up – There are a lot of extra add-on coverages that you can get tricked into buying if you aren’t diligent. Coverage for things like roadside assistance, accidental death, and Farm Bureau memberships may be costing you every month. They may seem like a good idea when you first buy your policy, but your money might be better spent on other coverage so consider taking them off your policy.
Stay claim-free and save money – Insurance companies in Texas generally give the lowest premiums to insureds that do not abuse their auto insurance. If you file a lot of claims you can pretty much guarantee higher premiums or even policy non-renewal. Auto insurance is intended to be relied upon for claims that you cannot pay yourself.
Liability limits should be high – Liability insurance will afford coverage in the event that you are found liable for an accident. This coverage provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap compared to comp and collision, so do not cut corners here.
Car insurance rates and your vocation – Do you work in a high-stress field? Careers such as military generals, airline pilots, and medical professionals are shown to have higher average rates due to job stress and lots of time spent away from family. Other careers like professors, engineers and homemakers pay the least.
What is the best auto insurance coverage?
When choosing coverage for your personal vehicles, there really isn’t a best way to insure your cars. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply.
These are some specific questions could help you determine whether you could use an agent’s help.
- How much can I save by bundling my policies?
- Do I need PIP coverage since I have good health insurance?
- Am I covered if I back into my garage door?
- What can I do if my company won’t pay a claim?
- Is my state a no-fault state?
- What discounts do I qualify for?
- Can my babysitter drive my car?
- Can I drive in Mexico and have coverage?
If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.
When to get advice from a local insurance agent
A lot of people still prefer to go talk to an agent and we recommend doing that The biggest benefit of comparing insurance prices online is the fact that you can find cheap car insurance quotes and still buy from a local agent. Buying from and supporting neighborhood insurance agencies is important especially in Laredo.
To make it easy to find an agent, after completing this simple form, the coverage information is transmitted to insurance agents in Laredo who will give you quotes for your business. There is no need to find an agent due to the fact that quote results will go directly to your email. Get lower rates AND an agent nearby. If you want to quote rates from a specific company, feel free to go to their quote page and submit a quote form there.
Types of car insurance agents
When researching a local Laredo insurance agency, it’s important to understand the types of agencies that you can choose from. Agents in Laredo can be classified as either exclusive agents or independent agents.
Independent Car Insurance Agencies or Brokers
Agents that choose to be independent are normally appointed by many insurers so they can quote policies through many different car insurance companies and possibly get better coverage at lower prices. If your agent finds better pricing, they simply move the coverage in-house and you don’t have to find a new agent. If you need cheaper car insurance rates, we recommend you get rate quotes from several independent agencies in order to have the best price comparison. Most also have access to different regional companies which can save you money.
Featured below is a short list of independent insurance agencies in Laredo that may be able to give price quote information.
- Laurel Insurance
4519 San Bernardo Ave – Laredo, TX 78041 – (956) 723-3785 – View Map - Alphasure Affordable Insurance Services
1620 Chihuahua St – Laredo, TX 78043 – (956) 729-9500 – View Map - SafeGuard Insurance Agency
104 E Calton Rd Ste 101 – Laredo, TX 78041 – (888) 552-4368 – View Map
Exclusive Insurance Agents
Agents in the exclusive channel have only one company to place business with such as Allstate, State Farm and Farmers Insurance. They generally cannot place coverage with different providers so they are skilled at selling on more than just price. They are well trained on what they offer and that can be a competitive advantage. Drivers often buy from exclusive agents mainly due to high brand loyalty and the convenience of having all coverages with one company.
Listed below are exclusive insurance agents in Laredo that are able to give rate quotes.
- Beto Gonzalez – State Farm Insurance Agent
502 W Calton Rd #104 – Laredo, TX 78041 – (956) 726-0547 – View Map - Allstate Insurance Agent: Powell-Watson Insurance Group
6301 Arena Blvd Ste A – Laredo, TX 78041 – (956) 764-4399 – View Map - Farmers Insurance – Gabriel Medina
9807 Mines Rd #6 – Laredo, TX 78045 – (956) 645-2510 – View Map
Choosing an insurance agent is decision based upon more than just the premium amount. Before buying a policy in Laredo, get answers to these questions.
- Can they give you a list of client referrals?
- Are there any discounts for paying up front?
- What discounts might you be missing?
- What are the financial ratings for the companies they represent?
- Do they get extra compensation for selling add-on coverages?
After getting positive feedback to all your questions as well as a price you’re happy with, most likely you have located an insurance agent that can be relied on to adequately provide car insurance. But keep in mind you are entitled to cancel a policy whenever you want so don’t think you are locked into any specific agency with no way out.
Quote. Compare. Save.
The cheapest Chevy Cobalt insurance in Laredo can be purchased from both online companies and from local insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies do not provide online quoting and these small, regional companies prefer to sell through local independent agencies.
As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. There have been many situations where an insured dropped full coverage and found out when filing a claim they didn’t purchase enough coverage. Your aim should be to buy the best coverage you can find at the best cost while not skimping on critical coverages.
Additional information is located on the following sites:
- Driving in Bad Weather (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for a Toyota Camry in Laredo? (FAQ)
- Who Has Cheap Laredo Auto Insurance for Uber Drivers? (FAQ)
- Credit and Insurance Scores (Insurance Information Institute)
- Pickups fall short in headlight tests (Insurance Institute for Highway Safety)