Would you like to buy the cheapest Chevy Cobalt insurance in Memphis? Trying to find better insurance prices for a Chevy Cobalt in Tennessee can turn out to be a painful process, but you can learn a few tricks to save time. There are more efficient ways to buy insurance and you need to know the proper way to get price quotes for a new or used Chevy and obtain the cheapest rates from both online companies and Memphis agents.
It’s a good idea to check insurance prices at least once a year because prices go up and down regularly. Even if you think you had the lowest rate on Chevy Cobalt insurance in Memphis six months ago you may be paying too much now. Forget anything you know (or think you know) about insurance because you’re going to learn one of the easiest ways to remove unneeded coverages and save money.
If you have insurance now or need new coverage, use these cost-cutting techniques to reduce premiums while maintaining coverages. Finding and buying affordable car insurance in Memphis is not as confusing as people think. Smart shoppers only need to know the most efficient way to shop their coverage around from many companies at once.
Companies offering Chevy Cobalt insurance in Tennessee
The following companies have been selected to offer price comparisons in Tennessee. If your goal is to find cheaper auto insurance in Memphis, TN, we suggest you click on several of them to find the most affordable auto insurance rates.
Data for Chevy Cobalt insurance
The rate information displayed below outlines estimates of policy rates for Chevy Cobalt models. Having knowledge of how insurance premiums are calculated can benefit drivers when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $104 | $274 | $368 | $22 | $110 | $878 | $73 |
| Cobalt XFE 4-Dr Sedan | $104 | $274 | $368 | $22 | $110 | $878 | $73 |
| Cobalt LS 2-Dr Coupe | $118 | $274 | $408 | $24 | $122 | $946 | $79 |
| Cobalt XFE 2-Dr Coupe | $118 | $274 | $408 | $24 | $122 | $946 | $79 |
| Cobalt LT 4-Dr Sedan | $118 | $274 | $368 | $22 | $110 | $892 | $74 |
| Cobalt LT 2-Dr Coupe | $134 | $274 | $408 | $24 | $122 | $962 | $80 |
| Cobalt SS Turbo 2-Dr Coupe | $150 | $356 | $408 | $24 | $122 | $1,060 | $88 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Tennessee minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Information does not factor in zip code location which can affect prices greatly.
Comparison of policy deductibles
A question often asked by Memphis drivers is how high should the physical damage coverage deductibles be. The premium rates below may help to conceptualize the price difference when you choose different insurance deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second set of rates uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $194 | $444 | $326 | $20 | $98 | $1,107 | $92 |
| Cobalt XFE 4-Dr Sedan | $194 | $444 | $326 | $20 | $98 | $1,107 | $92 |
| Cobalt LS 2-Dr Coupe | $224 | $444 | $360 | $22 | $108 | $1,183 | $99 |
| Cobalt XFE 2-Dr Coupe | $224 | $444 | $360 | $22 | $108 | $1,183 | $99 |
| Cobalt LT 4-Dr Sedan | $224 | $444 | $326 | $20 | $98 | $1,137 | $95 |
| Cobalt LT 2-Dr Coupe | $252 | $444 | $360 | $22 | $108 | $1,211 | $101 |
| Cobalt SS Turbo 2-Dr Coupe | $280 | $578 | $360 | $22 | $108 | $1,373 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $158 | $358 | $326 | $20 | $98 | $960 | $80 |
| Cobalt XFE 4-Dr Sedan | $158 | $358 | $326 | $20 | $98 | $960 | $80 |
| Cobalt LS 2-Dr Coupe | $182 | $358 | $360 | $22 | $108 | $1,030 | $86 |
| Cobalt XFE 2-Dr Coupe | $182 | $358 | $360 | $22 | $108 | $1,030 | $86 |
| Cobalt LT 4-Dr Sedan | $182 | $358 | $326 | $20 | $98 | $984 | $82 |
| Cobalt LT 2-Dr Coupe | $204 | $358 | $360 | $22 | $108 | $1,052 | $88 |
| Cobalt SS Turbo 2-Dr Coupe | $228 | $466 | $360 | $22 | $108 | $1,184 | $99 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, claim-free, and multi-vehicle. Rates do not factor in Memphis location which can impact price quotes noticeably.
Based on these figures, using a $250 deductible could cost the average driver approximately $13 more each month or $156 each year than buying the higher $500 deductible. Because you would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go more than 19 months between claim filings, you would come out ahead by selecting a higher deductible.
Rate comparison of full coverage and liability-only
The example below shows the comparison of Chevy Cobalt auto insurance rates with full coverage and liability only. The premium estimates are based on no accidents, no driving violations, $500 deductibles, marital status is single, and no discounts are factored in.
When to stop buying physical damage coverage
There is no set rule that is best for determining when to drop comp and collision coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Chevy Cobalt book value is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,000 after paying the physical damage deductible. If premiums are more than $500 annually for physical damage coverage, then you may want to consider only buying liability coverage.
There are some conditions where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.
Affordable Chevy Cobalt insurance rates in Memphis
Auto insurance companies do not advertise every available discount in an easy-to-find place, so the following list contains some of the best known in addition to some of the lesser obvious discounts that may be available. If you are not receiving all the discounts you deserve, you are throwing money away.
- Discounts for Government Workers – Being employed by or retired from a federal job may qualify for a discount when you quote Memphis auto insurance with certain companies.
- Distant College Student Discount – Kids who live away from home to go to college and don’t have a car could qualify for this discount.
- Auto/Home Discount – When you have multiple policies with the same company you may earn as much as 10 to 15 percent.
- Telematics Data – Insureds that choose to allow driving data collection to look at driving manner by using a small device installed in their vehicle such as Progressive’s Snapshot might get better premium rates if they exhibit good driving behavior.
- Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you can avoid the installment charge.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy a life policy as well.
A quick disclaimer, most discounts do not apply to the whole policy. Most only apply to the cost of specific coverages such as medical payments or collision. So even though it sounds like adding up those discounts means a free policy, you won’t be that lucky.
The illustration below compares Chevy Cobalt car insurance costs with and without policy discounts. The prices are based on a male driver, no tickets, no at-fault accidents, Tennessee state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, multi-policy, claim-free, and safe-driver discounts applied.
A few popular companies and the discounts they provide are detailed below.
- American Family offers premium reductions for multi-vehicle, TimeAway discount, accident-free, good student, and early bird.
- State Farm offers discounts for passive restraint, driver’s education, multiple autos, safe vehicle, Steer Clear safe driver discount, and good driver.
- 21st Century has savings for anti-lock brakes, early bird, student driver, automatic seat belts, homeowners, and defensive driver.
- Travelers may have discounts that include new car, driver training, home ownership, payment discounts, good student, and IntelliDrive.
- GEICO includes discounts for anti-lock brakes, federal employee, military active duty, multi-policy, and emergency military deployment.
When comparing rates, check with all the companies to apply every possible discount. Some discounts might not be offered on policies in Memphis. To see a list of car insurance companies with the best discounts in Memphis, click this link.
Do I need special coverages?
Keep in mind that when it comes to choosing insurance from an agent or online, there isn’t really a perfect coverage plan. Your needs are unique to you.
For example, these questions could help you determine if your insurance needs may require specific advice.
- Is a new car covered when I drive it off the dealer lot?
- What exactly is covered by my policy?
- Is my Chevy Cobalt covered if I use it for business?
- Do I need higher collision deductibles?
- Who is covered when they drive my Chevy Cobalt?
- Does my personal policy cover me when driving out-of-state?
- Should I pay a claim out-of-pocket?
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form. It is quick, free and can help protect your family.
Neighborhood agents and car insurance
Certain consumers would prefer to buy from a licensed agent and often times that is recommended Good insurance agents are highly skilled in risk management and give you someone to call. An additional benefit of getting online price quotes is you may find the best rates but still work with a licensed agent.
Once you complete this form (opens in new window), your insurance coverage information is instantly submitted to insurance agents in Memphis who will return price quotes for your business. There is no reason to contact any agents as quotes are delivered to you directly. In the event you want to compare rates from a particular provider, you can always find their quoting web page to submit a rate quote request.
Finding a good insurer requires more thought than just the quoted price. The following questions are important to ask.
- How long has the business existed?
- If independent agents, which companies do they recommend?
- Is their price quote a firm figure or are their hidden costs?
- Are they in the agency full-time?
- Who are their largest clients?
- Do they see any coverage gaps in your plan?
- Which members of your family are coverage by the policy?
Do you need an independent or exclusive car insurance agent?
If you are wanting to find a reputable agency, it’s important to understand the types of agencies that you can choose from. Agents can either be independent or exclusive depending on the company they work for. Both types can properly insure your vehicles, but it is important to understand the difference in the companies they write for because it may have an impact on your selection of an agent.
Exclusive Car Insurance Agencies
Agents of this type generally can only insure with one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agents cannot compare other company’s rates so they really need to provide good service. Exclusive agencies receive a lot of sales training on their company’s products and that enables them to sell even at higher rates. Consumers often use the same agent mainly due to the prominent brand name rather than having low rates.
Listed below are Memphis exclusive agencies that are able to give comparison quotes.
- Dan Crawford – State Farm Insurance Agent
5705 Stage Rd #160 – Memphis, TN 38134 – (901) 372-4400 – View Map - Kevin White – State Farm Insurance Agent
2861 Poplar Ave – Memphis, TN 38111 – (901) 652-8484 – View Map - Denise Perino – State Farm Insurance Agent
5384 Knight Arnold Rd – Memphis, TN 38115 – (901) 362-6552 – View Map
Independent Agents (or Brokers)
Agents that choose to be independent are not required to write business for one company so they can quote policies through lots of different companies enabling the ability to shop coverage around. If they find a cheaper price, your policy is moved internally and that require little work on your part. If you need cheaper car insurance rates, you will definitely want to get some free quotes from several independent agencies for maximum quote selection. Most also have access to smaller mutual companies that can offer cheaper rates than bigger companies.
Listed below is a list of independent agents in Memphis willing to provide rate quotes.
- C R Everhart Insurance Agency
5986 Knight Arnold Rd – Memphis, TN 38115 – (901) 362-0545 – View Map - Nationwide Insurance: Clarence Mosley Jr
4132 Elvis Presley Blvd – Memphis, TN 38116 – (901) 346-2550 – View Map - Smith-Berclair Insurance
855 Ridge Lake Blvd #400 – Memphis, TN 38120 – (901) 753-4323 – View Map
Cheaper auto insurance is a realistic goal
Some auto insurance companies do not offer online rate quotes and most of the time these smaller companies only sell through independent insurance agencies. Lower-priced Chevy Cobalt insurance in Memphis can be found online and from local insurance agents, so you should be comparing quotes from both to get a complete price analysis.
In this article, we presented quite a bit of information on how to compare Chevy Cobalt insurance prices in Memphis. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best prices are with the smaller companies.
When searching for inexpensive Memphis auto insurance quotes, it’s not a good idea to buy less coverage just to save a little money. In many instances, someone dropped comprehensive coverage or liability limits only to find out that they should have had better coverage. The aim is to buy the best coverage you can find for the lowest cost, but do not sacrifice coverage to save money.
How to find cheaper Chevy Cobalt insurance in Memphis
If saving money is your primary concern, then the best way to get the cheapest Chevy Cobalt insurance is to do an annual price comparison from different companies who sell auto insurance in Memphis. Price quotes can be compared by following these steps.
- Take a little time to learn about how auto insurance works and the changes you can make to keep rates down. Many risk factors that are responsible for high rates such as traffic citations, accidents, and a low credit score can be amended by making minor driving habit or lifestyle changes.
- Get rate quotes from direct, independent, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO or State Farm, while independent agencies can give you price quotes for a wide range of insurance providers.
- Compare the new rate quotes to your existing rates and determine if there is any savings. If you find better rates and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
One important bit of advice is that you’ll want to make sure you compare identical coverages on every price quote and and to get price quotes from every insurance company. Doing this guarantees a fair rate comparison and and a good selection of different prices.
Additional detailed information can be read by following these links:
- Tread Depth and Tire Safety (State Farm)
- How Much is Car Insurance for Veterans in Memphis? (FAQ)
- Who Has the Cheapest Car Insurance Rates for a Hyundai Santa Fe in Memphis? (FAQ)
- Who Has the Cheapest Memphis Car Insurance for a Nissan Sentra? (FAQ)
- Who Has the Cheapest Memphis Auto Insurance for a Honda CR-V? (FAQ)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- Protect Yourself Against Auto Theft (Insurance Information Institute)