Save Money on Chevy Colorado Insurance in Buffalo

  1. Home
  2. >
  3. Buffalo Auto Insurance
  4. >
  5. Chevrolet Colorado

Chevy Colorado insurance
Chevy Colorado insurance image courtesy of

How long has it been since you compared low-cost Chevy Colorado insurance in Buffalo? Purchasing lower priced Buffalo Chevy Colorado insurance quotes might appear rather difficult for people new to quoting and buying their insurance online. With dozens of insurance companies available, how are people able to be able to compare every one to find the lowest price available?

Insurance quote for Chevy Colorado in BuffaloSmart shoppers know that auto insurance companies don't want you to look at other companies. Consumers who get comparison quotes once a year will most likely move their business because they have a good chance of getting low-cost coverage. A recent survey revealed that consumers who made a habit of comparing rates saved as much as $850 each year as compared to drivers who don't make a habit of comparing rates.

If finding low prices for Chevy Colorado insurance is your ultimate objective, then knowing how to find and compare insurance premiums can save time and make the process easier.

It's a good habit to shop coverage around on a regular basis because prices tend to go up over time. Even if you got the best deal on Chevy Colorado insurance in Buffalo a couple years back you can probably find a better rate now. Forget all the misinformation about insurance because it's time to teach you the fastest way to remove unneeded coverages and save money.

The quickest way to compare insurance rates in your area is to know the fact almost all companies provide online access to quote your coverage. All consumers are required to do is provide information such as level of coverage desired, how much you drive, if you're married, and what your job is. Your rating data is instantly submitted to all major companies and they return rate quotes quickly.

To check Chevy Colorado insurance prices now, click here and enter your coverage details.

The auto insurance companies shown below have been selected to offer price comparisons in Buffalo, NY. To buy cheaper car insurance in Buffalo, it's a good idea that you visit two to three different companies to get the best price comparison.

Analysis of coverages

The rate information shown below covers estimates of policy rates for Chevy Colorado models. Learning more about how policy premiums are formulated is important to be able to make informed decisions when comparing rates.

Chevrolet Colorado Insurance Rates in Buffalo, NY
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $174 $284 $346 $20 $104 $928 $77
Colorado LT Extended Cab 2WD $204 $344 $346 $20 $104 $1,018 $85
Colorado LT 4WD $204 $284 $294 $18 $88 $888 $74
Colorado LT Crew Cab 2WD $204 $344 $346 $20 $104 $1,018 $85
Colorado LT Extended Cab 4WD $204 $284 $294 $18 $88 $888 $74
Colorado LT Crew Cab 4WD $234 $344 $294 $18 $88 $978 $82
Get Your Own Custom Quote Go

Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and New York minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Premium amounts do not factor in specific garaging location which can affect coverage prices noticeably.

Choosing deductibles

The hardest decision when buying coverage is how high should your deductibles be. The premium rates below help summarize the difference in cost when you select higher and lower insurance deductibles. The first set of rates uses a $100 deductible and the second price table uses a $500 deductible.

Chevrolet Colorado insurance premium rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $170 $338 $264 $16 $80 $893 $74
Colorado LT Extended Cab 2WD $198 $412 $264 $16 $80 $995 $83
Colorado LT 4WD $198 $338 $226 $14 $68 $869 $72
Colorado LT Crew Cab 2WD $198 $412 $264 $16 $80 $995 $83
Colorado LT Extended Cab 4WD $198 $338 $226 $14 $68 $869 $72
Colorado LT Crew Cab 4WD $228 $412 $226 $14 $68 $973 $81
Get Your Own Custom Quote Go
Chevrolet Colorado insurance premium rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $124 $228 $264 $16 $80 $712 $59
Colorado LT Extended Cab 2WD $144 $278 $264 $16 $80 $782 $65
Colorado LT 4WD $144 $228 $226 $14 $68 $680 $57
Colorado LT Crew Cab 2WD $144 $278 $264 $16 $80 $782 $65
Colorado LT Extended Cab 4WD $144 $228 $226 $14 $68 $680 $57
Colorado LT Crew Cab 4WD $166 $278 $226 $14 $68 $752 $63
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New York minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in vehicle location which can lower or raise premium rates considerably.

We can estimate from the data above that using a $100 deductible costs roughly $17 more each month or $204 every year than requesting the higher $500 deductible. Since you would have to pay $400 more to file a claim with a $500 deductible as compared to a $100 deductible, if you normally average more than 24 months between claims, you would probably be better off going with the higher deductible.

The diagram below demonstrates how choosing different deductibles and can raise or lower Chevy Colorado annual premium costs for each different age category. The data is based on a single female driver, full coverage, and no discounts are applied to the premium.

Chevrolet Colorado liability rates compared to full coverage

The information below shows the difference between Chevy Colorado insurance rates with liability coverage only compared to full coverage. The premium estimates are based on no claims, a clean driving record, $1,000 deductibles, marital status is single, and no discounts are factored in.

Should you be buying full coverage?

There is no definitive guideline of when to exclude physical damage coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of the replacement cost minus the deductible, then you may need to consider dropping full coverage.

For example, let's assume your Chevy Colorado claim settlement value is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, you would only receive $3,000 after you pay the deductible. If it's costing you more than $300 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are some circumstances where dropping full coverage is not a good idea. If you still owe money on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

Get cheap Chevy Colorado insurance in Buffalo with discounts

Car insurance companies don't always list the entire discount list in an easy-to-find place, so the following is a list of both well-publicized in addition to some of the lesser obvious auto insurance savings. If you check and find you aren't receiving every discount available, you are throwing money away.Discount auto insurance

  • Anti-theft System - Cars equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Accident Forgiveness - This isn't a discount exactly, but some insurance companies will turn a blind eye to one accident without the usual rate increase if you have no claims for a particular time prior to the accident.
  • Telematics Discount - Drivers that enable their auto insurance company to study their driving habits through the use of a telematics system like Drivewise from Allstate or In-Drive from State Farm could possibly reduce rates if they have good driving habits.
  • Own a Home - Just owning your own home can save you money because it means you have a higher level of financial diligence.
  • Discount for New Cars - Buying auto insurance coverage on a new vehicle can be considerably cheaper since newer vehicles are generally safer.
  • Early Renewal Discounts - A few insurance companies give discounts for buying a new policy early. Ten percent is about the average savings.
  • Policy Bundle Discount - When you combine your homeowners and auto insurance and place coverage with the same company they may give you a discount of up to 20% off your total Colorado insurance premium.
  • No Claims - Drivers who don't have accidents can save substantially when compared to accident-prone drivers.
  • Paper-free Discount - Some insurance companies provide a small discount for buying your policy online.

Just know that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, you aren't that lucky.

The information below illustrates the comparison of Chevy Colorado insurance rates with and without discounts. The information is based on a female driver, a clean driving record, no at-fault accidents, New York state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, multi-car, homeowner, and marriage discounts applied.

A partial list of companies that have these benefits include:

If you need lower rates, check with all the companies how you can save money. All car insurance discounts might not apply in Buffalo. To choose companies with discount rates in New York, follow this link.

Best reasons to buy insurance in New York

Even though it can be expensive, insurance serves an important purpose.

  • The majority of states have minimum liability requirements which means the state requires a specific level of liability protection in order to license the vehicle. In New York these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
  • If your Chevy Colorado has a lienholder, almost all lenders will require that you carry insurance to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Chevy for a lot more money and force you to pay the higher premium.
  • Insurance preserves both your assets and your Chevy. It will also provide coverage for hospital and medical expenses for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, 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, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of carrying enough insurance definitely exceed the price paid, specifically if you ever have a liability claim. In a recent study of 1,000 drivers, the average customer is overpaying more than $700 annually so it's recommended you shop around once a year at a minimum to be sure current rates are still competitive.

Buffalo car insurance company ratings

Ending up with the top insurer can be rather challenging considering how many companies sell insurance in Buffalo. The company ratings in the next section may help you choose which auto insurance companies to look at comparing prices from.

Top 10 Buffalo Car Insurance Companies Overall

  1. The General
  2. Mercury Insurance
  3. The Hartford
  4. Progressive
  5. Travelers
  6. State Farm
  7. Farmers Insurance
  8. Erie Insurance
  9. Safeco Insurance
  10. USAA

Compare prices but buy from a local Buffalo insurance agency

Many people prefer to get advice from a local agent and doing so can bring peace of mind A good thing about comparing rate quotes online is that you can find better rates and still choose a local agent.

Insurance agents in BuffaloTo find an agent, once you fill out this quick form, your insurance coverage information is transmitted to local insurance agents in Buffalo who will return price quotes for your business. It makes it easy because there is no need to contact any agents because quoted prices will be sent instantly to you. You can find better rates and work with a local agent. In the event you want to get a rate quote from a specific insurance provider, you just need to find their quoting web page and submit a quote form there.

Picking a insurer shouldn't rely on just a low price. Here are some questions you should ask.

  • Does the agency have a current Errors and Omissions policy?
  • Do they specialize in personal lines auto insurance in Buffalo?
  • Do they make recommendations based only on price?
  • Do you qualify for any additional discounts?
  • Does the company have a local claim office in Buffalo?
  • Can they provide you with a list of referrals?
  • How much experience to they have in personal lines coverages?

When researching a good insurance agency, there are two different types of agents and how they are distinctly different. Insurance agencies in Buffalo can be categorized as either independent or exclusive depending on the company they work for.

Exclusive Agents

Agents in the exclusive channel can only provide pricing for a single company and examples are State Farm, AAA, Farmers Insurance or Allstate. These agents are not able to give you multiple price quotes so they have to upsell other benefits. Exclusive insurance agents are usually quite knowledgeable on their products and sales techniques which helps them sell insurance even at higher premiums. A lot of people buy insurance from these agents primarily because of loyalty to the company and the convenience of having a single billing for all their coverages.

Below is a short list of exclusive insurance agents in Buffalo who may provide you with rate quotes.

View more agents

Independent Agents (or Brokers)

Independent agencies can sell policies from many different companies so they have the ability to put coverage through lots of different companies and potentially find a lower price. If they find a lower price, they simply switch companies in-house and that require little work on your part.

If you need lower rates, we recommend you compare prices from multiple independent agents in order to compare the most rates. Most have the option of insuring with smaller regional carriers that many times have cheaper rates.

Listed below are independent agencies in Buffalo who can help you get rate quotes.

View more agents

After you get acceptable answers to all your questions and a low price estimate, you have narrowed it down to an insurance agent that is reliable enough to service your policy.