Trying to find low cost Chevy Cobalt insurance in Los Angeles can be challenging for drivers new to buying insurance online. When there are so many companies in the marketplace, it can easily turn into a lot of work to compare rates on Chevy Cobalt insurance.
It’s a fact that insurance companies don’t want customers comparing rates. Consumers who get comparison quotes at least once a year will probably buy a different policy because they have a good chance of finding lower prices. A recent study showed that drivers who shopped around annually saved $865 a year compared to people who don’t regularly compare prices.
If finding budget-friendly rates on Chevy Cobalt insurance is your target objective, then having a good understanding how to get price quotes and compare car insurance can help simplify the process.
It’s a good habit to do price comparisons occasionally because insurance prices change quite often. If you had the best deal on Chevy Cobalt insurance in Los Angeles last year you may be paying too much now. You can find a lot of misleading information regarding Cobalt insurance online, but by reading this article, you’re going to learn a bunch of ideas how to lower your insurance rates in Los Angeles.
Finding the cheapest car insurance coverage in Los Angeles is not that difficult. If you have a policy now, you will most likely be able to buy cheaper car insurance using the techniques presented in this article. But California car owners do need to know how big insurance companies price insurance differently and take advantage of how the system works.
When quoting car insurance, remember that comparing more prices helps you find a lower rate than you’re paying now. Not every company allows you to get rate quotes online, so it’s important to compare prices from the smaller companies as well.
The companies shown below offer price comparisons in California. If multiple companies are shown, we recommend you get rate quotes from several of them in order to get a fair rate comparison.
Score discounts to get cheaper Los Angeles insurance rates
Companies don’t always advertise the complete list of policy discounts in a way that’s easy to find, so the next list breaks down some of the more common and also the more inconspicuous credits available to lower your premiums when you buy Los Angeles car insurance online.
- Discount for Home Ownership – Just owning your own home may trigger a policy discount on insurance because owning a home is proof that your finances are in order.
- Senior Citizen Discount – Mature drivers may be able to get better insurance rates.
- Club Memberships – Having an affiliation with qualifying clubs or civic groups could qualify you for a break on your bill.
- Good Grades Discount – Being a good student can earn a discount of 20% or more. You can use this discount normally up to age 25.
- Low Miles Discount – Driving fewer miles can qualify you for better rates on cars that stay parked.
Discounts save money, but please remember that most discount credits are not given to all coverage premiums. Most only cut the cost of specific coverages such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
The example below illustrates the comparison of Chevy Cobalt insurance premiums with and without discounts applied to the policy premium. The information is based on a female driver, no accidents, no driving violations, California state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, multi-car, homeowner, marriage, and claim-free discounts applied.
The best insurance companies and some of the discounts are detailed below.
- State Farm has discounts for Steer Clear safe driver discount, student away at school, accident-free, defensive driving training, and good student.
- GEICO offers discounts for anti-theft, five-year accident-free, emergency military deployment, federal employee, and multi-policy.
- Liberty Mutual offers premium reductions for new graduate, new vehicle discount, teen driver discount, multi-car, new move discount, and good student.
- The Hartford may offer discounts for air bag, anti-theft, vehicle fuel type, bundle, driver training, and good student.
- MetLife may have discounts that include multi-policy, defensive driver, good driver, accident-free, claim-free, and good student.
- Progressive includes discounts for good student, continuous coverage, homeowner, multi-policy, online quote discount, and online signing.
If you are trying to find cheaper Los Angeles car insurance quotes, ask every insurance company which discounts you qualify for. A few discounts may not apply to policies in Los Angeles. If you would like to view insurance companies with the best discounts in Los Angeles, click this link.
Chevy Cobalt insurance rate analysis
The rate information shown below covers a range of insurance costs for Chevy Cobalt models. Knowing how premiums are calculated helps drivers make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $242 | $546 | $500 | $30 | $150 | $1,468 | $122 |
| Cobalt XFE 4-Dr Sedan | $242 | $546 | $500 | $30 | $150 | $1,468 | $122 |
| Cobalt LS 2-Dr Coupe | $278 | $546 | $552 | $32 | $166 | $1,574 | $131 |
| Cobalt XFE 2-Dr Coupe | $278 | $546 | $552 | $32 | $166 | $1,574 | $131 |
| Cobalt LT 4-Dr Sedan | $278 | $546 | $500 | $30 | $150 | $1,504 | $125 |
| Cobalt LT 2-Dr Coupe | $314 | $546 | $552 | $32 | $166 | $1,610 | $134 |
| Cobalt SS Turbo 2-Dr Coupe | $348 | $712 | $552 | $32 | $166 | $1,810 | $151 |
| Get Your Own Customized Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and California minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in specific zip code location which can modify premium rates significantly.
Deductible comparison
The hardest decision when buying coverage is how high should the physical damage deductibles be. The comparison tables below can help illustrate how much more rates are between low and high policy deductibles. The first rate estimation uses a $250 physical damage deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $298 | $678 | $500 | $30 | $150 | $1,681 | $140 |
| Cobalt XFE 4-Dr Sedan | $298 | $678 | $500 | $30 | $150 | $1,681 | $140 |
| Cobalt LS 2-Dr Coupe | $342 | $678 | $552 | $32 | $166 | $1,795 | $150 |
| Cobalt XFE 2-Dr Coupe | $342 | $678 | $552 | $32 | $166 | $1,795 | $150 |
| Cobalt LT 4-Dr Sedan | $342 | $678 | $500 | $30 | $150 | $1,725 | $144 |
| Cobalt LT 2-Dr Coupe | $386 | $678 | $552 | $32 | $166 | $1,839 | $153 |
| Cobalt SS Turbo 2-Dr Coupe | $430 | $882 | $552 | $32 | $166 | $2,087 | $174 |
| Get Your Own Customized Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $242 | $546 | $500 | $30 | $150 | $1,468 | $122 |
| Cobalt XFE 4-Dr Sedan | $242 | $546 | $500 | $30 | $150 | $1,468 | $122 |
| Cobalt LS 2-Dr Coupe | $278 | $546 | $552 | $32 | $166 | $1,574 | $131 |
| Cobalt XFE 2-Dr Coupe | $278 | $546 | $552 | $32 | $166 | $1,574 | $131 |
| Cobalt LT 4-Dr Sedan | $278 | $546 | $500 | $30 | $150 | $1,504 | $125 |
| Cobalt LT 2-Dr Coupe | $314 | $546 | $552 | $32 | $166 | $1,610 | $134 |
| Cobalt SS Turbo 2-Dr Coupe | $348 | $712 | $552 | $32 | $166 | $1,810 | $151 |
| Get Your Own Customized Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rates do not factor in vehicle location which can decrease or increase insurance rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible costs about $19 more each month or $228 each year across all Chevrolet Cobalt models than buying the higher $500 deductible. Due to the fact that you would have to pay $250 more if you file a claim with a $500 deductible as compared to a $250 deductible, if you usually have at a minimum 13 months between claims, you would more than likely save some money by selecting a higher deductible.
How to calculate when to raise deductibles
| Average monthly premium for $250 deductibles: | $150 |
| Average monthly premium for $500 deductibles (subtract): | – $131 |
| Monthly savings from raising deductible: | $19 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $19 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
An important thing to remember is that raising deductibles means you will have to pay more of your own money if you have a claim. That will force you to have some extra savings in the event you have to pay more to get your vehicle repaired.
Comparison of insurance rates by gender
The information below compares Chevy Cobalt insurance premiums for male and female drivers. The premium estimates are based on no claims or driving citations, full physical damage coverage, $100 deductibles, drivers are not married, and no additional discounts are factored in.
Insurance quotes from local neighborhood Los Angeles car insurance agents
Many people prefer to get professional advice from a licensed agent and that is a personal choice. One of the benefits of comparing rates online is you can get cheaper car insurance rates and still buy from a local agent.
After completing this form (opens in new window), your insurance coverage information gets sent to local insurance agents in Los Angeles who want to provide quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to find an agent since rate quotes are delivered to you instantly. Get lower rates AND a local agent. If you need to compare prices from a specific company, you just need to navigate to their website to submit a rate quote request.
Choosing the best insurer shouldn’t rely on just the price. These are some valid questions you should ask.
- Do they write coverage based solely on cost?
- Do you need full coverage on every vehicle?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Which companies can they place coverage with?
- How are claims handled?
- Do the coverages you’re quoting properly cover your vehicle?
Listed below are Los Angeles auto insurance companies that are able to give price quote information for Chevy Cobalt insurance in Los Angeles.
- STARC INSURANCE AGENCY,INC
5250 W Century Blvd #426 – Los Angeles, CA 90045 – (888) 400-4004 – View Map - Lewis and Lewis Insurance Agency, Inc.
11900 W Olympic Blvd #475 – Los Angeles, CA 90064 – (800) 966-6830 – View Map - Allyson Weber – State Farm Insurance Agent
1063 Colorado Blvd – Los Angeles, CA 90041 – (323) 258-5801 – View Map - Ted Hope – State Farm Insurance Agent
2049 W Manchester Ave – Los Angeles, CA 90047 – (323) 752-4885 – View Map
Once you have good answers to your questions as well as an affordable premium quote, most likely you have located a company that can be trusted to provide insurance coverage.
Insurance protects more than just your car
Despite the potentially high cost of Chevy Cobalt insurance, insuring your vehicle may be required and benefits you in several ways.
- Most states have compulsory liability insurance requirements which means you are required to carry a minimum amount of liability insurance coverage in order to get the vehicle licensed. 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 your Chevy has a loan, most lenders will make it mandatory that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank will be required to insure your Chevy for a much higher rate and force you to reimburse them for it.
- Insurance protects your car and your assets. Insurance will also pay for most medical and hospital costs that are the result of an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if someone files suit against you as the result of an accident. If you have damage to your Chevy as the result of the weather or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your car definitely exceed the price paid, particularly when you have a large claim. An average driver in America is wasting up to $700 annually so it’s very important to do a rate comparison each time the policy renews to be sure current rates are still competitive.
Auto insurance coverages
Having a good grasp of your car insurance policy aids in choosing the best coverages and proper limits and deductibles. Car insurance terms can be confusing and even agents have difficulty translating policy wording.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like ambulance fees, nursing services, prosthetic devices, funeral costs and dental work. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible
Comprehensive coverages
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for things like hail damage, damage from flooding, vandalism, falling objects and damage from getting keyed. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured and underinsured coverage
This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your Chevy Cobalt.
Since many California drivers carry very low liability coverage limits (which is 15/30/5), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Coverage for liability
Liability coverage provides protection from injuries or damage you cause to people or other property by causing an accident. This coverage protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 15/30/5 that means you have $15,000 bodily injury coverage, a per accident bodily injury limit of $30,000, and a limit of $5,000 paid for damaged property.
Liability can pay for things such as bail bonds, medical expenses, funeral expenses, emergency aid and court costs. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible. California requires drivers to carry at least 15/30/5 but drivers should carry better liability coverage.
The chart below shows why buying low liability limits may not be high enough to adequately cover claims.
Collision protection
This pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like hitting a mailbox, backing into a parked car, hitting a parking meter, colliding with another moving vehicle and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible on your Cobalt to get cheaper collision coverage.
The most affordable rates come from being thorough
We’ve covered some good ideas how to shop for Chevy Cobalt insurance online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even discover the lowest prices are with a company that doesn’t do a lot of advertising.
Cost effective Chevy Cobalt insurance can be sourced online in addition to local insurance agencies, and you should be comparing both in order to have the best chance of saving money. Some companies may not have the ability to get quotes online and most of the time these smaller companies only sell coverage through local independent agents.
As you restructure your insurance plan, never buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to buy the best coverage you can find at the best cost and still be able to protect your assets.
Additional information
- Collision Insurance Coverage (Nationwide)
- Who Has Affordable Los Angeles Car Insurance Quotes for Ride Shares? (FAQ)
- How Much is Auto Insurance for a Hyundai Elantra in Los Angeles? (FAQ)
- Who Has the Cheapest Los Angeles Auto Insurance for Uninsured Drivers? (FAQ)
- Uninsured Motorist Statistics (Insurance Information Institute)
- Teen Driver Licensing Information (iihs.org)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Auto Insurance Basics (Insurance Information Institute)