No one looks forward to paying premiums for insurance, especially when the cost is too high.

Discount Chevy Colorado insuranceInconceivable but true, most insurance buyers in Maryland kept their coverage with the same insurance company for at least the last four years, and just short of a majority have never even compared rates from other companies. Many drivers in the United States could save 47% every year by just comparing quotes, but they don't believe the benefits if they replace their high priced policy. Because you have many choices of insurance companies that have cheaper insurance for a Chevy Colorado in Baltimore, it can be hard to find the lowest cost insurance company.

It is always a good idea to compare prices before your policy renews due to the fact that insurance prices are rarely the same from one policy term to another. Even if you think you had the lowest rate on Chevy Colorado insurance in Baltimore a few years ago you can probably find a better premium rate now. Ignore everything you know about insurance because you're about to learn how to quote online to reduce your cost while increasing coverage.

Finding more affordable car insurance rates isn't really that difficult. The only requirement is to spend a few minutes to get quotes online with multiple companies.

It's so simple to compare car insurance rate quotes online makes it obsolete to drive around to insurance agencies in your area. Doing it all online makes this unnecessary unless you prefer the extra assistance of a licensed agent. However, consumers can price shop your coverage online but have a local agent actually write the policy.

The auto insurance companies shown below are ready to provide free rate quotes in Baltimore, MD. If multiple companies are listed, we suggest you compare several of them to get a more complete price comparison.

Chevrolet Colorado Insurance Cost Estimates in Baltimore, MD
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $260 $518 $406 $24 $122 $1,330 $111
Colorado LT Extended Cab 2WD $192 $440 $458 $28 $138 $1,256 $105
Colorado LT 4WD $246 $432 $466 $28 $140 $1,312 $109
Colorado LT Crew Cab 2WD $146 $326 $426 $26 $128 $1,052 $88
Colorado LT Extended Cab 4WD $214 $396 $448 $26 $134 $1,218 $102
Colorado LT Crew Cab 4WD $248 $418 $352 $20 $106 $1,144 $95
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Data rating is based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rates do not factor in specific garaging location which can modify premium rates noticeably.

Physical damage deductibles: Should you raise them?

The illustration below shows how different deductible levels and can change Chevrolet Colorado premium costs for each different age category. The rates are based on a single male driver, full coverage, and no other discounts are factored in.

An analysis of deductible level

One of the hardest decisions when shopping for auto insurance is the level to set your comp and collision deductibles. The comparison tables below may help to conceptualize the rate differences between low and high comp and collision deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second set of prices uses a $500 deductible.

Chevrolet Colorado insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $260 $518 $406 $24 $122 $1,355 $113
Colorado LT Extended Cab 2WD $304 $632 $406 $24 $122 $1,513 $126
Colorado LT 4WD $304 $518 $346 $20 $104 $1,317 $110
Colorado LT Crew Cab 2WD $304 $632 $406 $24 $122 $1,513 $126
Colorado LT Extended Cab 4WD $304 $518 $346 $20 $104 $1,317 $110
Colorado LT Crew Cab 4WD $350 $632 $346 $20 $104 $1,477 $123
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Chevrolet Colorado insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $190 $350 $406 $24 $122 $1,092 $91
Colorado LT Extended Cab 2WD $222 $426 $406 $24 $122 $1,200 $100
Colorado LT 4WD $222 $350 $346 $20 $104 $1,042 $87
Colorado LT Crew Cab 2WD $222 $426 $406 $24 $122 $1,200 $100
Colorado LT Extended Cab 4WD $222 $350 $346 $20 $104 $1,042 $87
Colorado LT Crew Cab 4WD $256 $426 $346 $20 $104 $1,152 $96
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in Baltimore location which can alter prices significantly.

Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $24 more each month or $288 a year than choosing the higher $500 deductible. Since you would pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you average more than 17 months between claim filings, you would probably be better off by selecting a higher deductible.

Difference between full coverage and liability only rates

The information below examines Chevrolet Colorado insurance prices with and without full coverage. The price estimates are based on no accidents or driving violations, $500 deductibles, single male driver, and no policy discounts are applied.

When to stop paying for full coverage

There is no set rule to exclude comp and collision coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than 10% of the vehicle's replacement cost less your deductible, the it may be a good time to stop paying for full coverage.

For example, let's pretend your Chevrolet Colorado book value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after you pay the deductible. If it's costing you more than $700 annually for physical damage coverage, then it might be time to buy liability only.

There are some situations where dropping physical damage coverage is not a good idea. If you haven't satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Protect more than your Chevy Colorado

Despite the fact that insurance is not cheap in Baltimore, insuring your vehicle serves an important purpose.

The benefits of having insurance definitely exceed the cost, especially if you ever need it. The average driver in Maryland overpays more than $810 a year so it's important to compare rates every year to help ensure money is not being wasted.

Verify you're applying every discount

Car insurance is easily one of your largest bills, but companies offer discounts that many consumers don't even know exist. Certain reductions will be credited at the time you complete a quote, but lesser-known reductions have to be manually applied prior to getting the savings. If you don't get every credit possible, you're paying more than you need to.Car insurance discounts

You should keep in mind that most credits do not apply to the overall cost of the policy. Most only cut individual premiums such as collision or personal injury protection. Despite the appearance that it's possible to get free car insurance, company stockholders wouldn't be very happy.

If you would like to view car insurance companies who offer free Chevy Colorado insurance quotes in Baltimore, click here to view.

There's no such thing as the perfect insurance policy

Keep in mind that when it comes to choosing a policy for your vehicles, there really is not a single plan that fits everyone. Your financial needs are unique.Safe vehicles cost less to insure

For instance, these questions may help you determine if your situation would benefit from an agent's advice.

If you're not sure about those questions, you might consider talking to a licensed insurance agent. If you don't have a local agent, fill out this quick form. It's fast, doesn't cost anything and you can get the answers you need.

Shop online but buy locally

Some people still prefer to have an agent's advice and that can be a smart move Good agents can make sure you are properly covered and help you file claims. The biggest benefit of getting online price quotes is you can get the lowest rates and also buy local. And buying from small agencies is important especially in Baltimore.

Find insurance agent in BaltimoreTo help locate an agent, after submitting this form (opens in new window), the quote information is transmitted to local insurance agents in Baltimore that give free quotes and help you find cheaper coverage. You won't need to leave your computer as quotes are delivered to the email address you provide. If you wish to compare rates from a specific insurance company, you can always find their quoting web page and submit a quote form there.

Choosing an provider should depend on more than just a cheap price. Before buying a policy in Baltimore, get answers to these questions.

Car insurance 101

Understanding the coverages of a car insurance policy can help you determine the right coverages and proper limits and deductibles. Car insurance terms can be ambiguous and reading a policy is terribly boring.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as funeral costs, hospital visits, doctor visits, prosthetic devices and dental work. They can be utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible

Coverage for uninsured or underinsured drivers

This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Chevy Colorado.

Since a lot of drivers only purchase the least amount of liability that is required (Maryland limits are 30/60/15), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these limits are similar to your liability insurance amounts.

Comprehensive car insurance

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like a broken windshield, damage from flooding and hail damage. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Auto collision coverage

Collision insurance covers damage to your Colorado caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims like damaging your car on a curb, hitting a mailbox, sideswiping another vehicle and hitting a parking meter. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It's also possible to bump up the deductible on your Colorado in order to get cheaper collision rates.

Liability coverages

This can cover damage that occurs to people or other property in an accident. 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 limits of 30/60/15 which means $30,000 bodily injury coverage, $60,000 for the entire accident, and a limit of $15,000 paid for damaged property. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, bail bonds and repair bills for other people's vehicles. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible. Maryland state minimum liability requirements are 30/60/15 but you should think about purchasing more coverage.

Persistence will pay off

You just read quite a bit of information on how to save on Chevy Colorado insurance in Baltimore. The most important thing to understand is the more price quotes you have, the better your chances of lowering your premium rates. Drivers may even discover the lowest auto insurance rates come from some of the lesser-known companies.

Consumers change insurance companies for a number of reasons such as being labeled a high risk driver, poor customer service, high prices or even not issuing a premium refund. Regardless of your reason for switching companies, finding a new car insurance company can be less work than you think.

Budget-friendly car insurance in Baltimore can be bought from both online companies as well as from insurance agents, so you should compare both to have the best chance of lowering rates. Some insurance companies may not offer rate quotes online and usually these regional carriers sell through local independent agencies.

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