Would you like an easy way to compare more competitive Chevy Cobalt insurance in Atlanta? Wish you could get a refund on an expensive auto insurance policy? Don’t sweat it because there are lots of Atlanta residents who feel the same.
Sad but true, the vast majority of consumers have been with the same company for well over three years, and just short of a majority have never even shopped around for cheap coverage. Drivers in the U.S. can save hundreds of dollars each year by just comparing rate quotes, but they just don’t want to go online and compare rates. Many auto insurance companies vie for your hard-earned dollar, so it’s not easy to compare every insurer to find the absolute lowest cost out there.
Save money on Chevy Cobalt insurance in Atlanta with these nine discounts
Car insurance is not cheap, but discounts can save money and there are some available that many people don’t even know exist. Certain discounts will be applied when you complete an application, but a few must be specially asked for before being credited. If you don’t get every credit you qualify for, you are paying more than you should be.
- Theft Prevention System – Cars and trucks equipped with anti-theft or alarm systems are stolen less frequently and that can save you a little bit as well.
- Early Switch Discount – Select larger companies give a discount for signing up before your current Cobalt insurance policy expires. Ten percent is about the average savings.
- Safety Course Discount – Participating in a safe driver course could save 5% or more and also improve your driving technique.
- Multi-Vehicle Discounts – Insuring more than one vehicle with the same company can reduce rates for all insured vehicles.
- Save over 55 – Older drivers may qualify for lower premium rates.
- Student Discounts – Getting good grades may save as much as 25% on a Atlanta car insurance quote. The discount lasts well after school through age 25.
- Atlanta Homeowners Pay Less – Being a homeowner can earn you a little savings since owning and maintaining a home is proof that your finances are in order.
- Online Discount – A handful of larger companies may give you up to $50 for buying your policy on your computer.
- One Accident Forgiven – Not necessarily a discount, but companies like State Farm and Allstate will allow you to have one accident without getting socked with a rate hike so long as you haven’t had any claims prior to the accident.
Remember that most of the big mark downs will not be given to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, it doesn’t quite work that way.
A list of car insurance companies and some of their more popular discounts are detailed below.
- State Farm policyholders can earn discounts including safe vehicle, passive restraint, defensive driving training, Drive Safe & Save, accident-free, Steer Clear safe driver discount, and student away at school.
- Liberty Mutual discounts include exclusive group savings, multi-policy, preferred payment discount, new move discount, safety features, good student, and newly married.
- American Family may include discounts for good driver, early bird, defensive driver, air bags, and Steer into Savings.
- Progressive may have discounts that include multi-vehicle, good student, online signing, continuous coverage, online quote discount, multi-policy, and homeowner.
- Farmers Insurance offers premium reductions for early shopping, mature driver, distant student, alternative fuel, switch companies, electronic funds transfer, and homeowner.
- Auto-Owners Insurance may offer discounts for student away at school, group or association, multi-policy, paid in full, mature driver, and good student.
- SAFECO has savings for safe driver, drive less, bundle discounts, teen safe driver, multi-car, and anti-lock brakes.
When getting free Atlanta car insurance quotes, it’s a good idea to all companies you are considering what discounts are available to you. Depending on the company, some discounts may not apply to policyholders in every state. To see insurance companies that have a full spectrum of discounts in Georgia, click here.
Where can I get cheap Atlanta Chevy Cobalt insurance?
The providers in the list below provide free quotes in Georgia. If multiple companies are shown, we recommend you visit two to three different companies in order to find the most competitive rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $196 | $448 | $458 | $28 | $138 | $1,268 | $106 |
| Cobalt XFE 4-Dr Sedan | $182 | $466 | $600 | $36 | $180 | $1,464 | $122 |
| Cobalt LS 2-Dr Coupe | $292 | $706 | $556 | $32 | $166 | $1,752 | $146 |
| Cobalt XFE 2-Dr Coupe | $298 | $694 | $596 | $36 | $178 | $1,802 | $150 |
| Cobalt LT 4-Dr Sedan | $346 | $604 | $582 | $34 | $174 | $1,740 | $145 |
| Cobalt LT 2-Dr Coupe | $294 | $598 | $462 | $28 | $138 | $1,520 | $127 |
| Cobalt SS Turbo 2-Dr Coupe | $328 | $770 | $556 | $32 | $166 | $1,852 | $154 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Georgia minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in specific location information which can raise or lower coverage prices considerably.
Does it make sense to buy full coverage?
The illustration below shows the comparison of Chevrolet Cobalt insurance prices when comparing full coverage to liability only. The data assumes no driving violations, no at-fault accidents, $100 deductibles, married female driver, and no policy discounts are applied.
When to eliminate full coverage
There is no specific rule for excluding comp and collision coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Chevrolet Cobalt book value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $8,000 after paying your deductible. If it’s costing you more than $800 annually to have full coverage, then it’s probably a good time to buy liability coverage only.
There are some cases where buying only liability insurance is not recommended. If you still have a lienholder on your title, you have to carry full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not opt for liability only.
Analysis of deductible levels
One of the more difficult decisions when buying car insurance is which deductibles should you choose. The data tables below summarize the rate fluctuation when you choose different physical damage deductibles. The first rate estimation uses a $100 deductible for comp and collision and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $294 | $720 | $444 | $26 | $134 | $1,643 | $137 |
| Cobalt XFE 4-Dr Sedan | $294 | $720 | $444 | $26 | $134 | $1,643 | $137 |
| Cobalt LS 2-Dr Coupe | $338 | $720 | $492 | $30 | $148 | $1,753 | $146 |
| Cobalt XFE 2-Dr Coupe | $338 | $720 | $492 | $30 | $148 | $1,753 | $146 |
| Cobalt LT 4-Dr Sedan | $338 | $720 | $444 | $26 | $134 | $1,687 | $141 |
| Cobalt LT 2-Dr Coupe | $382 | $720 | $492 | $30 | $148 | $1,797 | $150 |
| Cobalt SS Turbo 2-Dr Coupe | $426 | $938 | $492 | $30 | $148 | $2,059 | $172 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $164 | $380 | $444 | $26 | $134 | $1,148 | $96 |
| Cobalt XFE 4-Dr Sedan | $164 | $380 | $444 | $26 | $134 | $1,148 | $96 |
| Cobalt LS 2-Dr Coupe | $188 | $380 | $492 | $30 | $148 | $1,238 | $103 |
| Cobalt XFE 2-Dr Coupe | $188 | $380 | $492 | $30 | $148 | $1,238 | $103 |
| Cobalt LT 4-Dr Sedan | $188 | $380 | $444 | $26 | $134 | $1,172 | $98 |
| Cobalt LT 2-Dr Coupe | $212 | $380 | $492 | $30 | $148 | $1,262 | $105 |
| Cobalt SS Turbo 2-Dr Coupe | $236 | $494 | $492 | $30 | $148 | $1,400 | $117 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Georgia minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Information does not factor in specific zip code location which can impact rates substantially.
Based on this data, using a $100 deductible costs about $44 more each month or $528 annually than buying the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you average more than 20 months between claims, you would save more money if you elect the higher deductible.
Compare rates but buy from a local Atlanta insurance agency
Some people just want to get advice from a local agent and that is recommended in a lot of cases Agents can answer important questions and help submit paperwork. One of the best bonuses of comparing rates online is that you can obtain cheap insurance quotes and still choose a local agent. Buying from small agencies is especially important in Atlanta.
To find an agent, once you fill out this short form, your information is submitted to local insurance agents who will gladly provide quotes to get your business. It makes it easy because there is no need to contact an agency because quoted prices will be sent straight to your inbox. If you need to get a price quote from one company in particular, just find their quoting web page and fill out the quote form the provide.
Shown below is a short list of auto insurance companies in Atlanta that are able to give rate quotes for Chevy Cobalt insurance in Atlanta.
Shiron Kilgore – State Farm Insurance Agent
42 Forsyth St NW – Atlanta, GA 30303 – (404) 527-4883 – View Map
Willard Murphy – State Farm Insurance Agent
3867 Roswell Rd NE #101 – Atlanta, GA 30342 – (404) 816-8885 – View Map
Nationwide Insurance: Slater Insurance Agency LLC
501 Pulliam St SW #514a – Atlanta, GA 30312 – (404) 474-6356 – View Map
State Farm: Dave Simpson Jr
2240 Fairburn Rd SW – Atlanta, GA 30331 – (404) 344-9777 – View Map
Picking the best provider requires more thought than just the price. Any agent in Atlanta should be forthright in answering these questions:
- Is vehicle mileage a factor when determining depreciation for repairs?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Are they full-time agents?
- What insurance company do they write the most business with?
- How many years of experience in personal auto insurance do they have?
- Is the coverage adequate for your vehicle?
Auto insurance 101
Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages offered by insurance companies.
Medical costs insurance
Medical payments and Personal Injury Protection insurance reimburse you for bills like funeral costs, ambulance fees, EMT expenses and pain medications. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Liability
Liability insurance provides protection from damage or injury you incur to people or other property that is your fault. It protects you from claims by other people. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers claims such as medical services, medical expenses and structural damage. How much liability should you purchase? That is a personal decision, but buy as much as you can afford. Georgia state law requires minimum liability limits of 25/50/25 but drivers should carry higher limits.
Collision coverage protection
Collision insurance pays for damage to your Cobalt resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as driving through your garage door, hitting a parking meter and colliding with a tree. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible on your Cobalt to bring the cost down.
UM/UIM Coverage
Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and also any damage incurred to your Chevy Cobalt.
Since a lot of drivers only purchase the least amount of liability that is required (which is 25/50/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Frequently these limits do not exceed the liability coverage limits.
Comprehensive or Other Than Collision
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for things like hail damage, damage from getting keyed, fire damage, damage from flooding and a tree branch falling on your vehicle. The maximum payout your insurance company will pay 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.
Quote more to save more
We covered a lot of tips how to save on Chevy Cobalt insurance in Atlanta. The most important thing to understand is the more providers you compare, the better likelihood of getting cheaper Atlanta car insurance quotes. Consumers may even find the best price on car insurance is with a smaller regional carrier. These companies often have lower prices on specific markets than their larger competitors like Allstate or State Farm.
More affordable car insurance in Atlanta is attainable both online and from local agencies, and you should compare price quotes from both to have the best rate selection. Some insurance companies don’t offer rates over the internet and these regional insurance providers prefer to sell through independent agencies.
To learn more, feel free to browse these articles:
- Safety Features for Your New Car (State Farm)
- Who Has Cheap Auto Insurance for a Ford Edge in Atlanta? (FAQ)
- Who Has Cheap Auto Insurance Rates for Drivers Over Age 60 in Atlanta? (FAQ)
- How Much are Auto Insurance Rates for 17 Year Olds in Atlanta? (FAQ)
- How Much are Atlanta Auto Insurance Rates for a Nissan Sentra? (FAQ)
- Property Damage Coverage (Liberty Mutual)
- Teen Driver Statistics (Insurance Information Institute)