It’s easy to assume that insurance companies don’t want you comparing rates. People who shop around for cheaper prices are likely to switch insurance companies because there is a high probability of finding a more affordable policy. A recent survey found that drivers who shopped around annually saved an average of $860 a year compared to people who never compared other company’s rates.
If finding low prices for Chevy Cobalt insurance is your target objective, then learning about how to quote and compare insurance rates can make it easier to shop your coverage around.
If saving money is your primary concern, then the best way to get more affordable Chevy Cobalt insurance is to regularly compare price quotes from insurance carriers who sell insurance in New Orleans.
- Spend some time learning about how your policy works and the things you can change to prevent high rates. Many things that are responsible for high rates such as inattentive driving and poor credit can be eliminated by making minor driving habit or lifestyle changes. Continue reading for tips to get better rates and find overlooked discounts.
- Compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from multiple companies.
- Compare the new rates to your existing rates to see if cheaper Cobalt coverage is available. If you find a lower rate quote and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
One thing to remember is to use identical deductibles and limits on each price quote and to quote with every company you can. This ensures an apples-to-apples comparison and the best rate selection.
The easiest way to compare car insurance rates for Chevy Cobalt insurance in New Orleans is to know the fact auto insurance companies actually pay money for the chance to give free rates quotes. The only thing you need to do is provide details like your job, whether you have decent credit, if you lease or own, and whether you are married. Your details is instantly submitted to many highly-rated insurers and you will receive price estimates almost instantly.
If you would like to compare rates now, click here and complete the quick form.
The providers in the list below offer free rate quotes in New Orleans, LA. To buy cheap car insurance in New Orleans, we recommend you visit two to three different companies in order to find the lowest rates.
Rates and detailed analysis
The premium information displayed below showcases different coverage costs for Chevy Cobalt models. Being able to understand how policy rates are figured can be valuable when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $244 | $650 | $682 | $40 | $204 | $1,820 | $152 |
| Cobalt XFE 4-Dr Sedan | $244 | $650 | $682 | $40 | $204 | $1,820 | $152 |
| Cobalt LS 2-Dr Coupe | $280 | $650 | $754 | $44 | $226 | $1,954 | $163 |
| Cobalt XFE 2-Dr Coupe | $280 | $650 | $754 | $44 | $226 | $1,954 | $163 |
| Cobalt LT 4-Dr Sedan | $280 | $650 | $682 | $40 | $204 | $1,856 | $155 |
| Cobalt LT 2-Dr Coupe | $316 | $650 | $754 | $44 | $226 | $1,990 | $166 |
| Cobalt SS Turbo 2-Dr Coupe | $352 | $846 | $754 | $44 | $226 | $2,222 | $185 |
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Price estimates do not factor in specific location which can lower or raise coverage prices greatly.
Physical damage deductibles: Should you raise them?
One of the more difficult decisions when buying insurance is how high should the physical damage deductibles be. The comparison tables below may help you to understand the difference in cost when you choose different deductibles. The first rate estimation uses a $250 comprehensive and collision deductible and the second price table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $312 | $712 | $524 | $32 | $158 | $1,763 | $147 |
| Cobalt XFE 4-Dr Sedan | $312 | $712 | $524 | $32 | $158 | $1,763 | $147 |
| Cobalt LS 2-Dr Coupe | $358 | $712 | $580 | $34 | $174 | $1,883 | $157 |
| Cobalt XFE 2-Dr Coupe | $358 | $712 | $580 | $34 | $174 | $1,883 | $157 |
| Cobalt LT 4-Dr Sedan | $358 | $712 | $524 | $32 | $158 | $1,809 | $151 |
| Cobalt LT 2-Dr Coupe | $406 | $712 | $580 | $34 | $174 | $1,931 | $161 |
| Cobalt SS Turbo 2-Dr Coupe | $452 | $928 | $580 | $34 | $174 | $2,193 | $183 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $254 | $574 | $524 | $32 | $158 | $1,542 | $129 |
| Cobalt XFE 4-Dr Sedan | $254 | $574 | $524 | $32 | $158 | $1,542 | $129 |
| Cobalt LS 2-Dr Coupe | $292 | $574 | $580 | $34 | $174 | $1,654 | $138 |
| Cobalt XFE 2-Dr Coupe | $292 | $574 | $580 | $34 | $174 | $1,654 | $138 |
| Cobalt LT 4-Dr Sedan | $292 | $574 | $524 | $32 | $158 | $1,580 | $132 |
| Cobalt LT 2-Dr Coupe | $330 | $574 | $580 | $34 | $174 | $1,692 | $141 |
| Cobalt SS Turbo 2-Dr Coupe | $366 | $748 | $580 | $34 | $174 | $1,902 | $159 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Prices do not factor in specific garaging location which can change rates considerably.
Using the premium rates above, we can conclude that using a $250 deductible will cost you about $20 more each month or $240 for a full year averaged for all Cobalt models than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to go at a minimum 13 months between claim filings, you would save more money if you choose a higher deductible.
Rate increases following a ticket or accident
The illustration below illustrates how violations and fender-benders can raise Chevy Cobalt insurance premiums for different insured age categories. The premium estimates are based on a married male driver, full coverage, $250 deductibles, and no additional discounts are factored in.
Comparison of insurance rates by gender and age in New Orleans
The example below shows the difference between Chevy Cobalt auto insurance costs for male and female drivers. The premiums are based on no violations or claims, full coverage, $250 deductibles, single status, and no discounts are factored in.
Auto insurance policy discounts for Chevy Cobalt insurance in New Orleans
Some insurers do not advertise their entire list of discounts in an easy-to-find place, so the next list breaks down both the well known and also the lesser-known credits available to bring down your rates.
- Sign Online – Many companies will discount your bill up to fifty bucks just for signing your application digitally online.
- Theft Prevention Discount – Cars and trucks optioned with advanced anti-theft systems are less likely to be stolen and that can save you a little bit as well.
- Early Payment Discounts – By making one initial payment rather than spreading payments over time you can actually save on your bill.
- Save over 55 – If you’re over the age of 55, you are able to get a slight reduction on a New Orleans auto insurance quote.
- Passive Restraints and Air Bags – Factory air bags and/or automatic seat belt systems could see savings of more than 20%.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes can stop better under adverse conditions so companies give up to a 10% discount.
Remember that most discount credits are not given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Even though it appears adding up those discounts means a free policy, companies don’t profit that way.
The diagram below visualizes the comparison of Chevy Cobalt car insurance costs with and without discounts being applied to the rates. Data assumes a male driver, no violations or accidents, Louisiana state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, homeowner, multi-policy, multi-car, and claim-free discounts applied.
A partial list of companies who might offer most of the discounts above include:
Double check with every company which discounts can lower your rates. Discounts might not be available to policyholders in every state. To view companies with discount auto insurance rates in New Orleans, click here.
Car insurance is an important decision
Despite the high insurance cost for a Chevy Cobalt in New Orleans, buying car insurance may be mandatory for several reasons.
- Almost all states have mandatory insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage if you don’t want to risk a ticket. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Chevy Cobalt has a loan, most lenders will force you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you default on your policy, the bank or lender will purchase a policy for your Chevy at a much higher premium rate and make you pay the higher premium.
- Car insurance protects not only your car but also your financial assets. Insurance will also pay for most medical and hospital costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are named as a defendant in an auto accident. If you have damage to your Chevy as the result of the weather or an accident, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying enough insurance greatly outweigh the cost, particularly if you ever have a claim. But the average American driver is currently overpaying as much as $869 every year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.
Louisiana auto insurance companies
Selecting the top car insurance provider can be rather challenging considering how many choices there are in New Orleans. The information listed below could help you analyze which auto insurance companies to look at when comparing rate quotes.
Top 10 New Orleans Car Insurance Companies Ranked by Claims Service
- Travelers
- Nationwide
- Allstate
- State Farm
- Liberty Mutual
- GEICO
- American Family
- Esurance
- Titan Insurance
- AAA Insurance
When to get professional advice
When it comes to buying the right insurance coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s.
For instance, these questions can help discover whether you would benefit from professional advice.
- How much can I save by bundling my policies?
- Do I have coverage when making deliveries for my home business?
- Does coverage follow the driver or the vehicle?
- Do I need motorclub coverage?
- Does my car insurance cover rental cars?
- Do I need rental car coverage?
- Are my company tools covered if they get stolen?
If you’re not sure about those questions then you might want to talk to a licensed agent. If you don’t have a local agent, complete this form. It is quick, free and may give you better protection.
Auto insurance agents near you
Some consumers just prefer to buy from a local agent. Agents can answer important questions and will help you if you have claims. The best thing about comparing rates online is the fact that drivers can get lower rates and still have an agent to talk to.
To make it easy to find an agent, after completing this short form, the coverage information gets sent to local insurance agents who will give you bids for your business. You won’t even need to contact any agents since rate quotes are delivered directly to your email. If for some reason you want to compare prices from a specific insurance company, don’t hesitate to jump over to their website and submit a quote form there.
Finding the right company should depend on more than just a cheap quote. Before buying a policy in New Orleans, get answers to these questions.
- Does their agency support local causes in New Orleans?
- Where would glass claims be handled in New Orleans?
- What companies can they write with?
- Will the agent help in case of a claim?
- If you have an accident, will your rates go up?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?