If you want to save the most money, the best way to find cheaper prices for Chevy Colorado insurance is to regularly compare prices from companies that insure vehicles in Toledo.
- Read and learn about how companies price auto insurance and the things you can change to lower rates. Many things that result in higher prices like tickets, at-fault accidents, and a poor credit score can be eliminated by paying attention to minor details. Later in this article we will cover additional tips to find cheap rates and find additional discounts you may qualify for.
- Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from a single company like Progressive or Allstate, while agents who are independent can provide prices from multiple sources.
- Compare the new rates to your existing policy and determine if there is any savings. If you find a lower rate, make sure coverage is continuous and does not lapse.
A crucial key to this process is to make sure you enter identical coverage information on each quote request and and to analyze all possible companies. Doing this provides the most accurate price comparison and plenty of rates choose from.
Sad but true, almost 70% of drivers have stayed with the same insurance company for well over three years, and just under half have never compared rates from other carriers. Toledo consumers could save themselves about 55% a year, but most undervalue the big savings they would realize if they switch to a new company.
The quickest method we recommend to compare policy rates for Chevy Colorado insurance in Toledo utilizes the fact auto insurance companies actually pay money for the chance to provide you with free rate quotes. All consumers are required to do is spend a couple of minutes providing details including your credit rating estimate, marital status, driver details, and if you have a valid license. Your insurance information gets transmitted to many different companies and you will receive price estimates very quickly.
To find the cheapest car insurance rates, click here and enter your coverage details.
The auto insurance companies shown below have been selected to offer comparison quotes in Ohio. To get the cheapest car insurance in Ohio, we suggest you compare several of them in order to get a fair rate comparison.
Car insurance is not optional in Ohio
Despite the high cost, insuring your vehicle serves a purpose in several ways.
First, most states have minimum liability requirements which means the state requires a specific level of liability in order to be legal. In Ohio these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a lien on your Colorado, most banks will have a requirement that you have comprehensive coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender will be forced to insure your Chevy for a lot more money and force you to pay for the expensive policy.
Third, insurance protects both your assets and your Chevy. Insurance will also pay for many types of medical costs incurred in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If you receive damage to your vehicle caused by a storm or accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of having car insurance are without a doubt worth the cost, particularly if you ever have a claim. Unknowingly, the average driver is currently overpaying as much as $830 a year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.
Facts and figures for Chevy Colorado insurance
The coverage table below highlights detailed analysis of rate quotes for Chevy Colorado models. Learning more about how prices are figured can be useful when making smart choices when selecting a policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $62 | $130 | $218 | $12 | $66 | $488 | $41 |
| Colorado LT Extended Cab 2WD | $74 | $158 | $218 | $12 | $66 | $528 | $44 |
| Colorado LT 4WD | $74 | $130 | $186 | $10 | $56 | $456 | $38 |
| Colorado LT Crew Cab 2WD | $74 | $158 | $218 | $12 | $66 | $528 | $44 |
| Colorado LT Extended Cab 4WD | $74 | $130 | $186 | $10 | $56 | $456 | $38 |
| Colorado LT Crew Cab 4WD | $84 | $158 | $186 | $10 | $56 | $494 | $41 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Rates do not factor in garaging location in Toledo which can impact rates considerably.
Policy deductibles
One of the hardest decisions when shopping for car insurance is which deductibles should you choose. The following insurance rates may help to conceptualize the cost difference when you choose different policy deductibles. The first data set uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $146 | $290 | $226 | $14 | $68 | $769 | $64 |
| Colorado LT Extended Cab 2WD | $170 | $352 | $226 | $14 | $68 | $855 | $71 |
| Colorado LT 4WD | $170 | $290 | $192 | $12 | $58 | $747 | $62 |
| Colorado LT Crew Cab 2WD | $170 | $352 | $226 | $14 | $68 | $855 | $71 |
| Colorado LT Extended Cab 4WD | $170 | $290 | $192 | $12 | $58 | $747 | $62 |
| Colorado LT Crew Cab 4WD | $196 | $352 | $192 | $12 | $58 | $835 | $70 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $106 | $196 | $226 | $14 | $68 | $610 | $51 |
| Colorado LT Extended Cab 2WD | $124 | $238 | $226 | $14 | $68 | $670 | $56 |
| Colorado LT 4WD | $124 | $196 | $192 | $12 | $58 | $582 | $49 |
| Colorado LT Crew Cab 2WD | $124 | $238 | $226 | $14 | $68 | $670 | $56 |
| Colorado LT Extended Cab 4WD | $124 | $196 | $192 | $12 | $58 | $582 | $49 |
| Colorado LT Crew Cab 4WD | $142 | $238 | $192 | $12 | $58 | $642 | $54 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Ohio minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Information does not factor in specific location information which can decrease or increase premiums considerably.
Based on the above data, using a $100 deductible could cost the average driver approximately $14 more each month or $168 annually than quoting the higher $500 deductible. Since you would pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you go at least 29 months between claim filings, you would probably come out ahead by selecting a higher deductible. The numbers below show a better example of how you can come to your own conclusion.
| Average monthly premium for $100 deductibles: | $67 |
| Average monthly premium for $500 deductibles (subtract): | – $53 |
| Monthly savings from raising deductible: | $14 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $14 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 29 months |
The chart below demonstrates how deductibles and can affect Chevy Colorado insurance costs for different age groups of insureds. Data assumes a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
Impact of citations and accidents on Toledo insurance rates
The diagram below shows how speeding tickets and fender-benders drive up Chevy Colorado auto insurance rates for different age groups of insureds. Data assumes a single male driver, comp and collision included, $250 deductibles, and no other discounts are factored in.
Age, gender, and Chevrolet Colorado insurance
The chart below shows the comparison of Chevy Colorado insurance premiums for male and female drivers. The premium estimates are based on no claims, a clean driving record, comp and collision included, $1,000 deductibles, marital status is single, and no policy discounts are applied.
Discounts for lower-cost auto insurance quotes
The price of auto insurance can be rather high, but there are discounts available that can dramatically reduce your bill. Some trigger automatically at the time you complete a quote, but some discounts are required to be inquired about before you will receive the discount.
- Senior Citizen Rates – Drivers over the age of 55 may qualify for a slight reduction on a Toledo auto insurance quote.
- Auto/Home Discount – When you have multiple policies and insure them both with the same insurance company you could save at least 10 to 15 percent or more.
- Buy New and Save – Buying a new car model can save you some money since new vehicles are generally safer.
- Accident Waiver – This one is not really a discount per se, but a handful of insurance companies permit an accident without the usual rate increase if your claims history is clear for a specific time period.
- E-sign – Some larger companies will discount your bill up to fifty bucks simply for signing online.
- Theft Deterrent – Anti-theft and alarm system equipped vehicles are less likely to be stolen and can earn a small discount on your policy.
- Driver Training Discounts – Passing a course in defensive driving could possibly earn you a 5% discount and easily recoup the cost of the course.
- ABS and Traction Control Discounts – Cars equipped with ABS or steering control can stop better under adverse conditions so you can save 10 percent or more.
- Discount for Home Ownership – Owning a house in Toledo may trigger a policy discount on auto insurance because of the fact that having a home demonstrates responsibility.
As a footnote on discounts, most credits do not apply to the entire cost. Some only apply to individual premiums such as comprehensive or collision. So despite the fact that it appears you could get a free auto insurance policy, that’s just not realistic. Any qualifying discounts will bring down your policy premium.
The illustration below shows the difference between Chevy Colorado insurance prices with and without discounts. The data is based on a male driver, no violations or claims, Ohio state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, homeowner, multi-policy, multi-car, and marriage discounts applied.
To choose auto insurance companies offering auto insurance discounts in Ohio, click this link.
Should I contact a local insurance agent?
A small number of people would rather go talk to an agent and doing that can be a smart decision The best thing about comparing rates online is that you can obtain lower prices and still have an agent to talk to. Buying from small agencies is definitely important in Toledo.
To find an agent, once you fill out this quick form, the coverage information is instantly submitted to local insurance agents that provide free Toledo auto insurance quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to do any legwork since price quotes are sent to you instantly. Get lower rates without having to waste a lot of time. If for some reason you want to compare prices from a specific company, just visit that company’s website and submit a quote form there.
Not all car insurance agents are the same
If you would like to find a reputable insurance agent or broker, you must know there are a couple types of insurance agents and how they can quote your rates. Agencies in Toledo can either be independent agents or exclusive agents.
Independent Insurance Agents
Agents in the independent channel do not have single company limitations so they can write business with multiple insurance companies and find you cheaper rates. If they find a lower price, the agent simply finds a different carrier and that require little work on your part. When comparing insurance prices, you definitely need to get several quotes from at least one independent agent to ensure the widest selection of prices.
Featured below is a small list of independent agencies in Toledo who may provide price quote information.
Mann Insurance
3005 Douglas Rd – Toledo, OH 43606 – (419) 255-0040 – View Map
Mouch Insurance Associates, Inc.
3132 W Sylvania Ave – Toledo, OH 43623 – (419) 725-0056 – View Map
Gus Badra Insurance Agency
3454 Oak Alley Court, Suite 106 A, Toledo 43606 – Suite 106 A, OH 43606 – (419) 469-5522 – View Map
Exclusive Insurance Agents
Exclusive insurance agents can only write with one company and examples are Allstate, State Farm and Farmers Insurance. They usually cannot compare rates from other companies so you might not find the best rates. Exclusive insurance agents are trained well in insurance sales and that can be a competitive advantage.
Below is a short list of exclusive insurance agencies in Toledo who can help you get rate quotes.
Allstate Insurance: Jessica J. Hernandez
1855 S Reynolds Rd B – Toledo, OH 43614 – (419) 536-9000 – View Map
Dave Bly – State Farm Insurance Agent
2416 W Laskey Rd – Toledo, OH 43613 – (419) 474-9672 – View Map
Allstate Insurance: Evans Insurance Group Corp.
1900 Monroe St – Toledo, OH 43604 – (419) 241-8061 – View Map
Choosing the best insurance agency needs to be determined by more than just the price. Any agent in Toledo should be willing to answer these questions.
- Is insurance their full-time profession?
- Do they get extra compensation for selling add-on coverages?
- Does the company have a solid financial rating?
- Is coverage determined by price?
- Can glass claims be handled at your home?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
After talking to the agent and getting answers to your satisfaction to any questions you have as well as a price you’re happy with, chances are good that you have found an insurance agency that can be relied on to provide insurance coverage. Just be aware that policyholders can cancel your coverage whenever you wish so never assume that you’re stuck with any specific agency with no way out.
How much car insurance do I need?
When quoting and comparing coverage online or from an agent for your vehicles, there really isn’t a “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed.
These are some specific questions might help in determining if your insurance needs might need professional guidance.
- Should I buy more coverage than the required Ohio minimum liability coverage?
- How high should deductibles be on a Chevy Colorado?
- What exactly is covered by my policy?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- Do I need an umbrella policy?
- How can I get high-risk coverage after a DUI?
If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Final considerations
Throughout this article, we presented a lot of ways to lower your Chevy Colorado insurance prices in Toledo. The most important thing to understand is the more times you quote, the higher your chance of finding the cheapest Chevrolet Colorado rate quotes. Drivers may even discover the best price on auto insurance is with a lesser-known regional company. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.
Cheaper auto insurance in Toledo is definitely available online and from local agencies, and you should compare price quotes from both to have the best rate selection. Some insurance companies do not offer online price quotes and many times these regional insurance providers sell through independent insurance agents.
When shopping online for auto insurance, it’s a bad idea to buy poor coverage just to save money. There have been many cases where an insured cut comprehensive coverage or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your focus should be to purchase plenty of coverage at the best price, but don’t skip important coverages to save money.
Helpful information
- State Car Insurance Guides (GEICO)
- How Much is Toledo Car Insurance for a Ford F-150? (FAQ)
- How Much are Auto Insurance Quotes for Used Cars in Toledo? (FAQ)
- How Much is Auto Insurance for a Jeep Wrangler in Toledo? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Toyota Tacoma in Toledo? (FAQ)
- Collision Coverage (Liberty Mutual)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Vehicle Insurance (Wikipedia)