Smart shoppers know that auto insurance companies don’t want you comparing rates. People who compare rates at least once a year will probably buy a different policy because there is a significant possibility of finding a lower rate. A survey found that consumers who made a habit of comparing rate quotes saved on average $3,450 over four years as compared to drivers who don’t regularly compare prices.
If saving the most money on insurance is your ultimate objective, then having a good understanding how to quote and compare car insurance can help you be more efficient.
The best way we recommend to get affordable auto insurance rates is to do an annual price comparison from companies in Raleigh.
- Take a few minutes and learn about what is in your policy and the steps you can take to prevent rate increases. Many policy risk factors that cause rate increases like traffic citations, accidents, and an unacceptable credit rating can be rectified by making lifestyle changes or driving safer. Continue reading for more information to help reduce premium rates and find additional discounts you may qualify for.
- Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from one company like GEICO or State Farm, while agents who are independent can provide price quotes from many different companies. Click to view companies
- Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you can save some money, make sure there is no lapse in coverage.
- Provide written notification to your current company to cancel your current auto insurance policy and submit a down payment along with a signed application for your new policy. Once the paperwork is finalized, keep the new certificate of insurance along with your vehicle registration.
A valuable tip to remember is to try to compare identical coverages on each quote and and to get prices from all possible companies. This ensures an accurate price comparison and a thorough price selection.
Finding low cost Chevy Cobalt insurance prices is pretty simple and can save money. You just have to spend a few minutes getting comparison quotes to see which company has affordable Chevrolet Cobalt insurance quotes.
Comparing quotes online is fast and free, and it makes it obsolete to waste gas driving to and from local Raleigh insurance agencies. Comparing online rate quotes has reduced the need for local agents unless you’re the type of person who wants the professional advice that you can only get from talking to an agent. You can, however, compare the best prices online but have a local agent actually write the policy.
The companies in the list below are our best choices to provide free quotes in Raleigh, NC. If you want the cheapest auto insurance in Raleigh, NC, we suggest you visit several of them to get the best price comparison.
Coverage information
The coverage table shown below covers estimates of coverage costs for Chevy Cobalt models. Being more informed about how car insurance prices are formulated can benefit drivers when making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $94 | $222 | $290 | $18 | $86 | $710 | $59 |
| Cobalt XFE 4-Dr Sedan | $94 | $222 | $290 | $18 | $86 | $710 | $59 |
| Cobalt LS 2-Dr Coupe | $108 | $222 | $320 | $18 | $96 | $764 | $64 |
| Cobalt XFE 2-Dr Coupe | $108 | $222 | $320 | $18 | $96 | $764 | $64 |
| Cobalt LT 4-Dr Sedan | $108 | $222 | $290 | $18 | $86 | $724 | $60 |
| Cobalt LT 2-Dr Coupe | $122 | $222 | $320 | $18 | $96 | $778 | $65 |
| Cobalt SS Turbo 2-Dr Coupe | $136 | $288 | $320 | $18 | $96 | $858 | $72 |
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and North Carolina minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Premium amounts do not factor in specific location which can increase or decrease coverage rates noticeably.
Deductible analysis
One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The premium rates below illustrate the rate fluctuation when you choose different physical damage coverage deductibles. The first table uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $168 | $382 | $282 | $16 | $84 | $957 | $80 |
| Cobalt XFE 4-Dr Sedan | $168 | $382 | $282 | $16 | $84 | $957 | $80 |
| Cobalt LS 2-Dr Coupe | $192 | $382 | $312 | $18 | $94 | $1,023 | $85 |
| Cobalt XFE 2-Dr Coupe | $192 | $382 | $312 | $18 | $94 | $1,023 | $85 |
| Cobalt LT 4-Dr Sedan | $192 | $382 | $282 | $16 | $84 | $981 | $82 |
| Cobalt LT 2-Dr Coupe | $218 | $382 | $312 | $18 | $94 | $1,049 | $87 |
| Cobalt SS Turbo 2-Dr Coupe | $242 | $498 | $312 | $18 | $94 | $1,189 | $99 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $104 | $240 | $282 | $16 | $84 | $726 | $61 |
| Cobalt XFE 4-Dr Sedan | $104 | $240 | $282 | $16 | $84 | $726 | $61 |
| Cobalt LS 2-Dr Coupe | $118 | $240 | $312 | $18 | $94 | $782 | $65 |
| Cobalt XFE 2-Dr Coupe | $118 | $240 | $312 | $18 | $94 | $782 | $65 |
| Cobalt LT 4-Dr Sedan | $118 | $240 | $282 | $16 | $84 | $740 | $62 |
| Cobalt LT 2-Dr Coupe | $134 | $240 | $312 | $18 | $94 | $798 | $67 |
| Cobalt SS Turbo 2-Dr Coupe | $150 | $314 | $312 | $18 | $94 | $888 | $74 |
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and North Carolina minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Premium amounts do not factor in vehicle location which can revise price quotes greatly.
We can derive from the above data that using a $250 deductible could cost the average driver approximately $20 more each month or $240 every year than buying the higher $1,000 deductible. Since you would pay $750 more to settle a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 38 months between claims, you would save money going with the higher deductible. Here is an example of how this determination is made.
| Average monthly premium for $250 deductibles: | $85 |
| Average monthly premium for $1,000 deductibles (subtract): | – $65 |
| Monthly savings from raising deductible: | $20 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $20 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 38 months |
One thing to note is that a higher deductible level results in more money out-of-pocket when you file a claim. That will require some extra savings in order to pay the higher deductible in order to repair your vehicle.
The example below shows how choosing a deductible and can impact Chevy Cobalt insurance rates for each different age group. Data assumes a married male driver, full physical damage coverage, and no policy discounts are applied.
Does full coverage make sense?
The diagram below illustrates the comparison of Chevy Cobalt auto insurance rates when comparing full coverage to state minimum liability only. The rate quotes are based on no accidents or driving violations, $100 deductibles, single marital status, and no discounts are applied.
When to drop comprehensive and collision
There is no definitive formula to delete 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 minus the deductible, then you may want to consider only buying liability coverage.
For example, let’s pretend your Chevy Cobalt claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $8,000 after paying your policy deductible. If premiums are more than $800 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some circumstances where buying only liability insurance is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Local agents and insurance
Many people just prefer to buy from a local agent and doing that can be a smart decision Insurance agents are trained risk managers and will help you if you have claims. A good thing about comparing rates online is that you can find cheap insurance quotes but still work with a licensed agent.
For easy comparison, once you complete this simple form, your insurance data is instantly submitted to insurance agents in Raleigh who will give you quotes for your coverage. It simplifies rate comparisons since you won’t have to find an agent on your own due to the fact that quote results will go to you. If you need to get a rate quote from a specific insurance company, feel free to jump over to their website and complete a quote there.
Finding the right insurer should include more criteria than just a low price. These are some questions your agent should answer.
- What is their Better Business Bureau rating?
- Does the agency support the community they serve?
- How much will you save each year by using a higher deductible?
- Do you work with a CSR or direct with the agent?
- Do they offer claims assistance after hours?
- How much training do they have in personal risk management?
Ratings for North Carolina car insurance companies
Selecting a good quality car insurance company can be difficult considering how many companies there are to choose from in North Carolina. The company rank data displayed below can help you choose which companies to look at when looking for cheaper rates.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies