Save on Chevy Colorado Insurance in Santa Ana

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Insurance quote for Chevy Colorado in Santa AnaThe best way to get cheaper Chevy Colorado insurance in Santa Ana is to do a yearly price comparison from companies in California.

  1. Spend a few minutes and learn about how companies set rates and the factors you can control to keep rates low. Many factors that result in higher rates such as speeding and an imperfect credit score can be improved by paying attention to minor details.
  2. Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can only quote rates from a single company like Progressive or Allstate, while independent agencies can quote rates from multiple sources. Get quotes now
  3. Compare the new quotes to your current policy and see if you can save money. If you find a lower rate, ensure there is no coverage lapse between policies.
  4. Notify your company or agent of your intention to cancel your current coverage and submit the completed application along with a down payment to the new insurer. When you receive it, place your new proof of insurance certificate with the vehicle registration.

The critical component of shopping around is to compare similar limits and deductibles on each price quote and and to get quotes from every company you can. This provides a level playing field and the best price selection.

It's hard to believe, but over 70% of drivers kept their coverage with the same insurance company for four years or more, and nearly the majority have never compared quotes from other companies. California consumers could cut their rates by nearly $469 a year, but they just don't understand how much savings they would realize if they just switched companies.

This information will tell you the most effective ways to compare rates and some tricks to saving. If you currently have insurance, you stand a good chance to be able to shop for the lowest rates using this strategy. Nevertheless, California car owners must know the way companies market insurance on the web because rates are impacted by many factors.

How to lower your Chevy Colorado insurance cost in Santa Ana

To get the cheapest Chevrolet Colorado rate quotes, there a variety of ways to obtain and compare prices from companies that offer car insurance in California. By far the easiest way to find the lowest Chevy Colorado rates consists of shopping online. When price shopping your coverage, getting more free quotes gives you a better chance of getting the best offered rates.

The auto insurance companies shown below are our best choices to provide comparison quotes in California. If multiple companies are shown, we recommend you visit as many as you can to get the cheapest price.

Car insurance data for a Chevy Colorado

The price information below covers detailed analysis of insurance coverage prices for Chevy Colorado models. Being aware of how auto insurance policy rates are formulated can help drivers make decisions when shopping your coverage around.

Chevrolet Colorado Insurance Rates in Santa Ana, CA
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $228 $470 $596 $36 $178 $1,508 $126
Colorado LT Extended Cab 2WD $268 $570 $596 $36 $178 $1,648 $137
Colorado LT 4WD $268 $470 $508 $30 $152 $1,428 $119
Colorado LT Crew Cab 2WD $268 $570 $596 $36 $178 $1,648 $137
Colorado LT Extended Cab 4WD $268 $470 $508 $30 $152 $1,428 $119
Colorado LT Crew Cab 4WD $308 $570 $508 $30 $152 $1,568 $131
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Data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Rates do not factor in garaging location in Santa Ana which can revise insurance rates considerably.

Car insurance deductibles

When comparing car insurance rates, the most common question is which deductibles should you choose. The data tables below can help illustrate the cost difference between high and low physical damage deductibles. The first rate quote example uses a $250 deductible for physical damage and the second rate table uses a $500 deductible.

Chevrolet Colorado insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $254 $472 $442 $26 $132 $1,351 $113
Colorado LT Extended Cab 2WD $298 $576 $442 $26 $132 $1,499 $125
Colorado LT 4WD $298 $472 $376 $22 $112 $1,305 $109
Colorado LT Crew Cab 2WD $298 $576 $442 $26 $132 $1,499 $125
Colorado LT Extended Cab 4WD $298 $472 $376 $22 $112 $1,305 $109
Colorado LT Crew Cab 4WD $342 $576 $376 $22 $112 $1,453 $121
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Chevrolet Colorado insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $206 $382 $442 $26 $132 $1,188 $99
Colorado LT Extended Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Colorado LT 4WD $242 $382 $376 $22 $112 $1,134 $95
Colorado LT Crew Cab 2WD $242 $464 $442 $26 $132 $1,306 $109
Colorado LT Extended Cab 4WD $242 $382 $376 $22 $112 $1,134 $95
Colorado LT Crew Cab 4WD $278 $464 $376 $22 $112 $1,252 $104
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rates do not factor in your specific Santa Ana location which can revise coverage rates noticeably.

Based on the figures above, using a $250 deductible would cost the average driver about $15 more each month or $180 annually than choosing the higher $500 deductible. Because you would pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you average at least 17 months between claim filings, you would probably be better off if you opt for a higher deductible.

Difference between full coverage and liability only rates

The information below illustrates the difference between Chevy Colorado yearly insurance costs with full coverage and liability only. The premiums assume a clean driving record, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.

Deciding between full coverage and liability only

There is no clear-cut formula of when to eliminate comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let's say your Chevy Colorado claim settlement value is $6,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are paying in excess of $500 a year for physical damage coverage, then you might want to think about dropping full coverage.

There are a few situations where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to keep full coverage in order to keep the loan. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should not opt for liability only.

Why Your Insurance Costs might be higher

The best way to find cheaper insurance is to take a look at the factors that play a part in calculating your policy premiums. When you understand what determines base rates, this enables you to make decisions that can help you get big savings. Many different elements are used in the calculation when you get your auto insurance bill. Some factors are common sense like your driving record, but some are less obvious such as whether you are married or how safe your car is.

Shown below are a few of the things utilized by car insurance companies to help set rates.

  • Increase physical damage deductibles to save - Coverage for physical damage, also called 'full coverage', protects your Chevy from damage. A few examples of covered claims could be a dented fender, damage from fire, and windstorm damage. The deductibles tell how much you are required to spend before a claim is paid by your company. The more money the insured is willing to pay, the less money you will pay for insurance.
  • Liability protection claims can be big - Your policy's liability coverage will protect you in the event that you are determined to be liable for causing damage or personal injury in an accident. It provides you with a defense in court which can cost a lot. This coverage is very inexpensive compared to other policy coverages, so drivers should carry high limits.
  • Is your car built for speed? - The performance level of the vehicle you are insuring makes a significant difference in the rate you pay. The lowest base rates are usually for economy passenger models, but your final cost has many other factors.

    The following chart assumes a married female driver age 20, full coverage with $1000 deductibles, and no discounts or violations. It compares Chevrolet Colorado car insurance rates compared to other makes and models that have a range of risk factors.

  • Insurance rates and age - Older insureds tend to be more responsible, statistically cause fewer accidents, and get fewer tickets. Young drivers have a tendency to be less responsible in a vehicle therefore insurance rates are much higher.

    The following data is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

  • No insurance policy gaps is important - Having a gap between insurance policy dates is a quick way to pay more for insurance. Not only will you pay more, not being able to provide proof of insurance might get you a steep fine or even jail time. You may then have to file a SR-22 with the California DMV.
  • Driving citations will cost you - How you drive impacts premiums far more than you think. Even a single driving citation could increase your next policy renewal by as much as thirty percent. Drivers with clean records get better prices than people who have multiple driving citations. Drivers who have dangerous violations like DUI or reckless driving may be required to file a SR-22 with their state motor vehicle department in order to keep their license.

    The diagram below demonstrates how traffic citations and at-fault claims raise Chevy Colorado annual premium costs for each different age group. The premiums assume a married male driver, comp and collision included, $100 deductibles, and no policy discounts are applied.

  • Chevy Colorado claim probability - Companies analyze past claim statistics when they set coverage costs for each model. Vehicles that statistically have higher number or severity of losses will have increased rates. The table shown below demonstrates the loss history for Chevy Colorado vehicles.

    For each coverage type, the statistical loss for all vehicles compiled together equals 100. Numbers under 100 imply a favorable loss record, while numbers above 100 indicate more frequent losses or an increased likelihood of larger losses.

    Insurance Loss Ratings for Chevrolet Colorado Vehicles
    Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
    Chevrolet Colorado Crew Cab 2WD 73 57 64
    Chevrolet Colorado Crew Cab 4WD 90 89 86 67
    Chevrolet Colorado Ext Cab 2WD 55
    Chevrolet Colorado Ext Cab 4WD 67

    Empty fields indicate not enough data collected
    Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Auto insurance does more than just protect your car

Despite the fact that auto insurance is not cheap in Santa Ana, maintaining insurance may be mandatory for several reasons.

  • Just about all states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability insurance in order to license the vehicle. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
  • If you took out a loan on your Chevy, almost every bank will require that you have full coverage to guarantee loan repayment. If coverage lapses or is canceled, the lender will be forced to insure your Chevy for a lot more money and require you to pay the higher premium.
  • Auto insurance preserves not only your Chevy Colorado but also your assets. It will also cover medical bills for you, any passengers, and anyone injured in an accident. One policy coverage, liability insurance, also covers legal expenses if you are sued as the result of an accident. If your Chevy gets damaged, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.

The benefits of insuring your car are without a doubt worth the cost, particularly if you ever have a claim. The average driver in America is overpaying more than $700 annually so smart consumers compare quotes every year to help ensure money is not being wasted.