Car Insurance Rates for a Chevy Cobalt in Lincoln

Paying for pricey Chevrolet Cobalt insurance in Lincoln can sap your bank account and make it impossible to make ends meet. Performing a price comparison can save money and help to make sure you’re not throwing money away.

Unbelievable but true, the vast majority of consumers have purchased from the same company for at least the last four years, and nearly the majority have never quoted rates to find cheaper coverage. Nebraska insurance shoppers could save almost 30% every year just by comparing rates, but they think it’s difficult to compare rates.

How to find the cheapest rates for Chevy Cobalt insurance in Lincoln

If saving the most money is your goal, then the best way to get more affordable Chevy Cobalt insurance in Lincoln is to compare quotes once a year from insurers in Nebraska. You can shop around by following these steps.

Step 1: Spend a few minutes and learn about how insurance works and the changes you can make to keep rates down. Many rating criteria that increase rates such as high-risk driving behaviors and poor credit history can be amended by making minor changes to your lifestyle. Continue reading for more information to get cheaper rates and get additional discounts that may have been overlooked.

Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO and State Farm, while agents who are independent can give you price quotes from multiple insurance companies. Find a Lincoln insurance agent

Step 3: Compare the new rate quotes to your existing rates to see if switching to a new carrier will save money. If you find better rates and buy the policy, ensure coverage does not lapse between policies.

Step 4: Provide proper notification to your current company of your intent to cancel your existing policy and submit a completed application and payment to your new agent or company. As soon as you can, store the certificate verifying coverage in your vehicle.

The most important part of shopping around is that you’ll want to compare identical deductibles and limits on every quote request and and to get rate quotes from as many different companies as possible. This enables a level playing field and many rates to choose from.

Many insurance companies compete for your business, and because of this it can be hard to compare car insurance companies to get the lowest rate possible on Chevy Cobalt insurance in Lincoln.

When comparison shopping, there are several ways to compare quotes from insurance companies in your area. The recommended way to find the lowest Chevy Cobalt rates is to use the internet to compare rates.

It’s so simple to compare insurance price quotes online makes it obsolete to drive around to insurance agents’ offices. The internet eliminates the need for an insurance agent unless your situation requires the advice and guidance that you can only get from talking to an agent. Although, it is possible obtain prices from the web but buy the policy through an agent.

When price shopping your coverage, comparing more quotes increases the chance that you will find the best price.

The companies shown below offer free rate quotes in Nebraska. To find cheaper car insurance in NE, we suggest you get rates from several of them in order to find the most competitive rates.

Cheap Lincoln auto insurance quotes with discounts

Auto insurance is expensive, but there could be significant discounts that you may not know about. Certain discounts will be triggered automatically at the time of purchase, but occasionally some discounts must be asked for before they will apply.

• Employee of Federal Government – Having worked for a branch of the government could cut as much as 10% off but check with your company.
• Theft Prevention System – Vehicles with anti-theft systems are stolen with less frequency and qualify for as much as a 10% discount.
• Resident Student – Children who are enrolled in a college that is more than 100 miles from Lincoln and do not have a car may qualify for this discount.
• Passenger Safety Discount – Options like air bags or automatic seat belts may qualify for discounts of 25 to 30%.
• Pay Early and Save – If paying your policy premium upfront as opposed to paying monthly you may have a lower total premium amount.
• ABS Braking Discount – Cars and trucks that have anti-lock braking systems prevent accidents and therefore earn up to a 10% discount.

Remember that some of the credits will not apply to the whole policy. A few only apply to individual premiums such as liability, collision or medical payments. So when it seems like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.

The example below shows the difference between Chevy Cobalt auto insurance rates with and without policy discounts. The premium estimates are based on a female driver, no claims or violations, Nebraska state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, marriage, homeowner, multi-car, safe-driver, and claim-free discounts applied.

Companies and some of the discounts can be found below.

• GEICO has savings for daytime running lights, anti-lock brakes, five-year accident-free, emergency military deployment, multi-policy, and seat belt use.
• Mercury Insurance policyholders can earn discounts including low natural disaster claims, good student, age of vehicle, annual mileage, good driver, and accident-free.
• Farmers Insurance offers premium reductions for youthful driver, early shopping, pay in full, homeowner, and alternative fuel.
• Auto-Owners Insurance has discounts for air bags, multi-policy, safe driver, paperless, good student, and group or association.
• Liberty Mutual discounts include multi-policy, good student, newly married, preferred payment discount, new move discount, and newly retired.
• SAFECO offers discounts including drive less, safe driver, accident prevention training, multi-car, anti-lock brakes, bundle discounts, and teen safety rewards.
• Progressive may have discounts that include good student, homeowner, multi-policy, online quote discount, online signing, and multi-vehicle.
• USAA may include discounts for military installation, new vehicle, vehicle storage, loyalty savings, multi-vehicle, defensive driver, and driver training.

When quoting, ask every prospective company which discounts you qualify for. Some of the earlier mentioned discounts may not apply everywhere. If you would like to view companies that offer discounts in Lincoln, follow this link.

Chevy Cobalt insurance rates and statistics

The coverage table shown next showcases different policy rates for Chevy Cobalt models. Being aware of how auto insurance policy rates are calculated can aid in making decisions on which coverage to buy.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Nebraska minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in vehicle garaging location which can revise coverage prices substantially.

An analysis of deductible level

One of the most common insurance questions is how high should the deductibles for physical damage be. The tables below may help to conceptualize the rate fluctuation between low and high policy deductibles. The first set of rates uses a $100 deductible for comp and collision and the second rate table uses a $1,000 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Nebraska minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Rate information does not factor in specific Lincoln garaging location which can decrease or increase coverage prices greatly.

Based on the figures above, using a $100 deductible will cost you about $34 more each month or $408 for a full year than selecting the higher $1,000 deductible. Since you would pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you normally average at a minimum 26 months between claims, you would probably come out ahead going with the higher deductible.

How accidents and violations affect rates in Lincoln

The example below demonstrates how speeding tickets and at-fault fender-benders impact Chevy Cobalt auto insurance costs for different age groups. The information is based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

Difference between full coverage and liability only rates

The illustration below compares Chevy Cobalt insurance rates when comparing full coverage to liability only. The premiums assume no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are factored in.

Deciding between full coverage and liability only

There is no definitive rule of when to eliminate physical damage insurance, but there is a general convention. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your Chevy Cobalt replacement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $4,000 after the policy deductible has been paid. If it’s costing in excess of $400 annually for full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where dropping full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Insurance agencies are trained to help

Some people just want to visit with an insurance agent and we recommend doing that An additional benefit of getting online price quotes is you may find lower rates and still have a local agent. Buying insurance from local insurance agents is still important in Lincoln.

To make it easy to find an agent, after completing this short form, your coverage information is instantly submitted to local insurance agents that can give you free Lincoln auto insurance quotes for your business. It simplifies rate comparisons since you won’t have to find an agent on your own due to the fact that quote results will go to you. You can get cheaper auto insurance rates and an insurance agent to talk to. If you need to compare rates from a specific company, you can always go to their quote page and complete a quote there.

Exclusive agents vs. Independent agents

If you need to find a local Lincoln insurance agency, there are a couple of types of insurance agents and how they operate. Agents may be either independent or exclusive.

Independent Agents

Agents of this type can quote rates with many companies and that allows them to write policies amongst many companies enabling the ability to shop coverage around. If you are not satisfied with one company, they simply switch companies in-house and you stay with the same agent.

If you are comparing rate quotes, it’s a good idea to contact a few independent agents so that you have a good selection of quotes to compare.

The following are independent insurance agencies in Lincoln who may be able to give you free auto insurance quotes.

View more Lincoln agents

Exclusive Insurance Agents

Agents of this type generally can only insure with one company such as State Farm, AAA, and Liberty Mutual. They usually cannot compare other company’s rates so they have to upsell other benefits. Exclusive agents are very knowledgeable on their company’s products which can be an advantage.

Listed below is a short list of exclusive agencies in Lincoln willing to provide price quotes.

View more Lincoln agents

Deciding on a insurance agency requires you to look at more than just the price. These are some valid questions you should ask.

• Do you need full coverage on every vehicle?
• How long has their agency been in business in Lincoln?
• Are they properly licensed to sell insurance in Nebraska?
• Can they provide you with a list of referrals?
• Are claim adjusters local or do you have to take your car somewhere else?
• Are there any discounts that you might be missing?
• How does the company pay claims for a total loss?

Once you have good answers to your questions and a low price estimate, it’s a good possibility that you have found an auto insurance agent that can be trusted to properly insure your vehicles.

Which is the best insurance?

When choosing the right insurance coverage, there really is not a “perfect” insurance plan. Your financial needs are unique.

For instance, these questions can help discover if your insurance needs would benefit from professional advice.

• Am I missing any policy discounts?
• Is there a penalty for late payment?
• Am I covered when driving in Canada or Mexico?
• Can I insure my car for more than it’s worth?
• Do I need roadside assistance coverage?
• How long can I keep a teen driver on my policy?
• Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form.

Parts of your insurance policy

Having a good grasp of a insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries to you and your family and damage to your Chevy Cobalt.

Since a lot of drivers carry very low liability coverage limits (Nebraska limits are 25/50/25), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these coverages are set the same as your liability limits.

Comprehensive (Other than Collision) – This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things like vandalism, a tree branch falling on your vehicle, damage from getting keyed, hitting a deer and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Liability insurance – Liability coverage can cover damage or injury you incur to people or other property. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability insurance covers things such as court costs, emergency aid, repair costs for stationary objects, legal defense fees and loss of income. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible. Nebraska requires minimum liability limits of 25/50/25 but you should consider buying higher limits.

The chart below demonstrates why the minimum limit may not provide you with enough coverage.

Collision coverage – This coverage covers damage to your Cobalt from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims like rolling your car, hitting a parking meter, crashing into a ditch and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible on your Cobalt in order to get cheaper collision rates.

Medical expense insurance – Med pay and PIP coverage reimburse you for bills like dental work, chiropractic care, pain medications and X-ray expenses. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Smart consumers save more

As you prepare to switch companies, it’s very important that you do not buy poor coverage just to save money. In many cases, an insured dropped liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The aim is to get the best coverage possible at the lowest possible cost but still have enough coverage for asset protection.

In this article, we presented many ideas to find cheap Chevy Cobalt insurance in Lincoln. The key thing to remember is the more price quotes you have, the higher your chance of finding affordable Lincoln auto insurance quotes. You may even be surprised to find that the lowest premium rates are with a smaller regional carrier.

Low-cost Chevy Cobalt insurance in Lincoln is definitely available from both online companies and from local insurance agents, and you should compare rates from both to get a complete price analysis. Some insurance companies may not have rate quotes online and most of the time these small, regional companies only sell through independent insurance agents.

Steps to finding discount Chevy Cobalt insurance in Lincoln

If you want to save money, the best way to get the cheapest auto insurance rates is to start comparing prices yearly from insurers who sell insurance in Lincoln. Rate comparisons can be done by completing these steps.

First, try to understand auto insurance and the things you can change to keep rates in check. Many rating factors that drive up the price such as accidents, traffic violations, and a bad credit rating can be eliminated by making minor driving habit or lifestyle changes.

Second, quote rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like Progressive or State Farm, while independent agents can quote rates from multiple sources.

Third, compare the price quotes to your current policy and determine if cheaper Cobalt coverage is available. If you find a better price and switch companies, make sure coverage does not lapse between policies.

Fourth, notify your company or agent to cancel your current policy. Submit a completed policy application and payment to the new company. Once coverage is bound, safely store the certificate verifying coverage in an easily accessible location.

The critical component of shopping around is to compare the same level of coverage on every quote and and to get prices from as many companies as feasibly possible. Doing this helps ensure a fair price comparison and the most accurate and complete price analysis.

Other information

• Collision Insurance Coverage (Nationwide)
• How Much are Lincoln Auto Insurance Quotes for Good Drivers? (FAQ)
• Who Has Cheap Auto Insurance Rates After a Speeding Ticket in Lincoln? (FAQ)
• Airbag FAQ (iihs.org)
• Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
• Vehicle Insurance (Wikipedia)