Do you need a better way to compare low-cost Chevy Colorado insurance in Honolulu? Locating low-cost insurance for a Chevy Colorado in Hawaii could be a lot of work, but you can follow these tips and make it easy. There is a right way and a wrong way to compare insurance rates so you're going to learn the proper way to compare rates for a Chevy and get the cheapest rates.
The quickest method we recommend to compare rate quotes for Chevy Colorado insurance in Honolulu is to know the fact most of the larger companies will pay a fee to quote your coverage. To get started, all you need to do is spend a couple of minutes providing details such as level of coverage desired, how old drivers are, if a SR-22 is required, and if your license is active. That rating information is sent automatically to multiple different insurance companies and they return rate quotes instantly to find the best rate.
To check Chevy Colorado insurance prices now, click here and complete the form.
The companies shown below offer price comparisons in Hawaii. If several companies are displayed, we suggest you click on several of them to find the most competitive car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Colorado LT 2WD||$80||$174||$300||$18||$90||$662||$55|
|Colorado LT Extended Cab 2WD||$170||$404||$300||$18||$90||$982||$82|
|Colorado LT 4WD||$124||$236||$254||$16||$76||$706||$59|
|Colorado LT Crew Cab 2WD||$154||$338||$300||$18||$90||$900||$75|
|Colorado LT Extended Cab 4WD||$192||$332||$230||$14||$68||$836||$70|
|Colorado LT Crew Cab 4WD||$200||$396||$272||$16||$82||$966||$81|
|Get Your Own Custom Quote Go|
Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Hawaii minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in Honolulu location which can affect auto insurance rates greatly.
Should you buy full coverage?
The example below examines Chevrolet Colorado insurance premiums when comparing full coverage to state minimum liability only. The costs are based on no claims or violations, $500 deductibles, single male driver, and no discounts are applied.
Guidelines for dropping full coverage
There is no definitive formula to eliminate physical damage coverage on your policy, but there is a general convention. If the yearly cost of comp and collision coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let's assume your Chevrolet Colorado book value is $7,000 and you have $1,000 deductibles. If your vehicle is destroyed, you would only receive $6,000 after paying your policy deductible. If premiums are more than $600 a year for full coverage, then it might be time to consider dropping full coverage.
There are some circumstances where only buying liability is not advised. If you still owe money on your vehicle, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
The information below shows how different deductible levels and can influence Chevrolet Colorado insurance premiums for each different age group. The data is based on a married male driver, comp and collision included, and no discounts are taken into consideration.
Annual premiums comparing men and women in Honolulu
The chart below shows the difference between Chevrolet Colorado auto insurance costs for male and female drivers. The costs are based on no violations or accidents, comp and collision included, $250 deductibles, marital status is single, and no other discounts are factored in.
Save money by taking advantage of discounts
Properly insuring your vehicles can get expensive, but discounts can save money and there are some available that many consumers don't even know exist. Most are applied when you complete an application, but some may not be applied and must be manually applied prior to getting the savings. If you are not receiving all the discounts you qualify for, it's possible you qualify for a lower rate.
- Claim-Free Discount - Claim-free drivers are rewarded with significantly better rates on Honolulu car insurance quote when compared with bad drivers.
- Driver Education Discount - Have your child participate in a local driver's education class in school.
- Accident Forgiveness - Not a discount per se, but companies like GEICO, Allstate and Liberty Mutual allow you one accident without getting socked with a rate hike as long as you don't have any claims for a set time period.
- Safety Restraint Discount - Buckling up and requiring all passengers to wear their seat belts could cut 10% or more off PIP or medical payments premium.
- ABS Brakes - Vehicles that have steering control and anti-lock brakes have fewer accidents and the ABS can save up to 10%.
- Savings for New Vehicles - Buying a new car model can be considerably cheaper due to better safety requirements for new model year vehicles.
- Senior Citizen Rates - If you qualify as a senior citizen, you are able to get better car insurance rates.
- Multi-car Discount - Buying coverage for multiple vehicles on a single policy can get a discount for every vehicle.
One thing to note about discounts is that some credits don't apply to your bottom line cost. Some only reduce individual premiums such as comp or med pay. Even though it may seem like you would end up receiving a 100% discount, it doesn't quite work that way.
A few of the larger companies and a selection of discounts are included below.
- Travelers may include discounts for multi-car, payment discounts, early quote, student away at school, and IntelliDrive.
- 21st Century has savings for student driver, air bags, 55 and older, automatic seat belts, and good student.
- State Farm includes discounts for good student, multiple policy, anti-theft, accident-free, safe vehicle, and student away at school.
- GEICO offers discounts including five-year accident-free, anti-lock brakes, good student, anti-theft, air bags, emergency military deployment, and driver training.
- SAFECO offers discounts for homeowner, drive less, accident prevention training, anti-lock brakes, teen safety rewards, anti-theft, and safe driver.
- AAA has discounts for education and occupation, pay-in-full, anti-theft, AAA membership discount, and multi-policy.
Before buying, ask every insurance company which discounts you qualify for. A few discounts might not be offered on policies in Honolulu. To see companies that can offer you the previously mentioned discounts in Honolulu, follow this link.
Find More Affordable Auto Insurance with These Tips
An important part of buying insurance is that you know a few of the rating criteria that help determine the level of your policy premiums. When consumers understand what controls the rates you pay, this enables informed choices that may result in better auto insurance rates.
Your spouse saves you money - Walking down the aisle may earn you lower rates when shopping for auto insurance. Marriage means you're less irresponsible and statistics show drivers who are married file infrequent claims.
Stay claim-free and lower rates - Car insurance companies in Hawaii provide the best rates to insureds who do not file claims often. If you're an insured who likes to file claims you can definitely plan on much higher rates or policy non-renewal. Auto insurance is designed for the large, substantial claims.
Premiums are affected by your credit score - Credit score factor in determining what you pay for auto insurance. So if your credit rating leaves room for improvement, you could be paying less to insure your Chevrolet Colorado by spending a little time repairing your credit. Insureds with very good credit scores tend to be more responsible than those with worse credit.
Your address can affect premiums - Being located in small towns and rural areas may provide you with better prices when it comes to auto insurance. People who live in big cities have to deal with congested traffic and longer commutes to work. Lower population means reduced accidents and lower theft and vandalism rates.
Performance affects insurance premiums - The performance level of the car you own makes a huge difference in your rates. Since the Chevrolet Colorado is considered a pickup truck, insuring your vehicle will cost similar in price as compared to the average rate in Honolulu. The lowest performance passenger cars generally have the cheapest insurance rates, but that's not the only thing that factors into the final price.
Insurance loss probability for a Chevy Colorado - Insurers analyze past claim statistics when determining insurance prices. Models that historically have a trend towards higher claim severity or frequency will cost more for specific coverages.
The next table shows the historical insurance loss data for Chevy Colorado vehicles. For each coverage category, the statistical loss for all vehicles, regardless of make or model, is set at 100. Values that are under 100 represent a good loss history, while values over 100 indicate more frequent losses or an increased probability of a larger loss.
Insurance Loss Ratings for Chevrolet Colorado Vehicles
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Colorado Crew Cab 2WD||73||57||64|
|Chevrolet Colorado Crew Cab 4WD||90||89||86||67|
|Chevrolet Colorado Ext Cab 2WD||55|
|Chevrolet Colorado Ext Cab 4WD||67|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Local insurance agents
Some people would prefer to go talk to an agent and that can be a smart move Most agents are trained risk managers and help file insurance claims. One of the best bonuses of comparing rate quotes online is that drivers can save money and get the lowest rates and also buy local.
Upon completion of this short form, your coverage information is sent to local insurance agents that give free quotes for your coverage. It's much easier because you don't need to drive around due to the fact that quote results will go instantly to you. If you wish to quote rates from a specific company, you would need to visit that company's website and complete a quote there.
Selecting an insurer should depend on more than just a low price. Any agent in Honolulu should have no problem answering these questions:
- Are they involved in claim handling?
- Does the company have a solid financial rating?
- Will the agent or a CSR service your policy?
- Is their price quote a firm figure or are their hidden costs?
- Is insurance their full-time profession?
If you want to buy car insurance from an insurance agent, it's important to understand the different types of agencies and how they function. Honolulu agents are classified as either independent or exclusive depending on the company they work for. Both types of agents can write car insurance policies, but it's worth mentioning the difference in how they write coverage since it could factor into buying decisions.
Exclusive Car Insurance Agents
Agents that choose to be exclusive work for only one company like Farmers Insurance, State Farm, Allstate, and AAA. They generally cannot provide prices from multiple companies so you need to shop around if the rates are high. Exclusive agencies are usually well trained on their company's products which helps them compete with independent agents. Some people will only choose to use a exclusive agent primarily because of loyalty to the company rather than having low rates.
Listed below are exclusive insurance agencies in Honolulu that can give you price quote information.
- Larry Welsch - State Farm Insurance Agent
1575 S Beretania St Ste 203 - Honolulu, HI 96826 - (808) 944-3450 - View Map
- Gwenette Higa - State Farm Insurance Agent
841 Bishop St #203 - Honolulu, HI 96813 - (808) 531-9918 - View Map
- Allstate Insurance: Rory Lee
575 Cooke St d - Honolulu, HI 96813 - (808) 596-8333 - View Map
Independent Agencies or Brokers
These agents can quote rates with many companies so they can quote policies with any number of different companies and potentially find a lower price. If your agent finds better pricing, your agent can switch companies and you stay with the same agent. If you are comparing rate quotes, we recommend you get rate quotes from independent agents so that you have a good selection of quotes to compare. Many write coverage with mutual insurance companies which can save you money.
Listed below are independent agencies in Honolulu who can help you get price quote information.
- John H Connors Insurance
500 Ala Moana Blvd # 2303 - Honolulu, HI 96813 - (808) 534-7300 - View Map
- Atlas Insurance
1132 Bishop St #1600 - Honolulu, HI 96813 - (808) 533-8728 - View Map
- Pyramid Insurance Center Ltd
420 Waiakamilo Rd - Honolulu, HI 96817 - (808) 527-7667 - View Map
Do auto insurance companies bend the truth?
Hawaii drivers can't avoid all the ads that claim the lowest premium rates by GEICO, State Farm and Progressive. They all seem to advertise claims that you can save just by switching your coverage.
How is it possible that every company can give you a lower rate on Chevy Colorado insurance in Honolulu? Here is how they do it.
Companies have specific characteristics for the driver that will generate a profit. For example, a profitable insured might have to be a married female, has a clean driving record, and drives a vehicle with a low ISO rating. A customer getting a price quote that meets those criteria will get very good Honolulu rates and as a result will probably save when they switch companies.
Potential insureds who don't measure up to this ideal profile will have to pay higher prices with the end result being the customer buying from a different company. The ads state "drivers who switch" but not "all drivers who get quotes" can get the lowest rates when switching. This is how insurance companies can make claims like that. Because each company has a different risk profile, you really need to compare as many free Honolulu car insurance quotes as you can. Because you never know the company that will have the best car insurance rates for your profile.
Cheap insurance rates are available
Insureds switch companies for many reasons like lack of trust in their agent, poor customer service, delays in responding to claim requests or high rates after DUI convictions. No matter why you want to switch, finding a new company can be easy and end up saving you some money.
Some insurance providers may not have online quoting and these small, regional companies only sell through independent agents. Low-cost Chevy Colorado insurance in Honolulu can be found on the web and also from your neighborhood Honolulu agents, and you need to price shop both in order to have the best chance of saving money.
When searching for low cost Honolulu car insurance quotes, it's very important that you do not buy less coverage just to save a little money. There are too many instances where someone dropped liability coverage limits and learned later they didn't have enough coverage. Your aim should be to find the BEST coverage at the best price while not skimping on critical coverages.
Other learning opportunities
- How to shop for a safer car (Insurance Institute for Highway Safety)
- What Auto Insurance is Cheapest in Schofield Barracks, Hawaii? (FAQ)
- Who Has Affordable Car Insurance for Young Drivers in Hawaii? (FAQ)
- Who Has Affordable Hawaii Car Insurance Quotes for Drivers with Accidents? (FAQ)
- Who Has the Cheapest Hawaii Auto Insurance for Drivers Over Age 50? (FAQ)
- How Much is Auto Insurance for a Honda Accord in Hawaii? (FAQ)
- Who Has Cheap Auto Insurance Rates for College Graduates in Hawaii? (FAQ)
- What Auto Insurance is Cheapest in Hilo, Hawaii? (FAQ)
- How Much is Auto Insurance for Retired Military in Hawaii? (FAQ)
- Auto Crash Statistics (Insurance Information Institute)
- Understanding Your Insurance Deductible (Insurance Information Institute)