Really, the only way to get more affordable auto insurance rates in Indianapolis is to compare quotes annually from insurers who sell auto insurance in Indiana. Rates can be compared by following these steps.
- First, learn about how auto insurance works and the changes you can make to keep rates in check. Many rating factors that drive up the price like accidents, traffic violations, and a not-so-good credit history can be eliminated by making small lifestyle or driving habit changes. Keep reading for ideas to help keep rates affordable and earn larger discounts.
- Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like GEICO or Farmers Insurance, while independent agencies can provide rate quotes from multiple companies.
- Third, compare the new rates to your current policy premium to determine if you can save on Colorado insurance. If you find a lower rate quote and decide to switch, make sure coverage is continuous and does not lapse.
- Fourth, provide notification to your current agent or company of your intent to cancel your current coverage. Submit payment along with a signed and completed policy application to your new agent or company. Once the paperwork is finalized, keep the new proof of insurance paperwork along with your vehicle registration.
A tip to remember is to use similar deductibles and liability limits on every quote request and and to compare as many carriers as you can. This enables a fair price comparison and a thorough price selection.
Sadly, most drivers kept buying from the same company for more than four years, and almost half have never quoted rates to find cheaper coverage. Indianapolis consumers could pocket up to 55% a year by just shopping around, but they underestimate the large savings they would see if they moved their coverage to a different company.
Locating the best rates in Indianapolis can really be easy if you know what you’re doing. If you are paying for car insurance now, you will definitely be able to shop for the lowest rates using the concepts covered in this article. You just have to know the most effective way to compare price quotes from many different companies online.
The majority of larger companies provide prices for coverage online. Comparing prices online for Chevy Colorado insurance in Indianapolis is quite easy because it’s just a matter of typing in your personal and coverage information as requested by the quote form. After you submit the form their rating system requests your driving and credit reports and generates pricing information determined by many factors. Quoting online for Chevy Colorado insurance in Indianapolis makes comparing rates easy, and it’s very important to get many rate quotes in order to get affordable rates.
To quickly compare rates now, compare quotes from the companies shown below. If you have your current policy handy, we recommend you replicate deductibles and limits exactly as shown on your declarations page. Doing this assures you will have rate quotes based on the exact same insurance coverage.
The following companies can provide free quotes in Indianapolis, IN. If several companies are displayed, we suggest you visit two to three different companies to get a more complete price comparison.
Cheaper rates with discounts
Some providers don’t always list their entire list of discounts very well, so we researched some of the best known as well as some of the hidden credits available to you.
- Employee of Federal Government – Federal government employees can save as much as 8% with a few car insurance companies.
- Service Members Pay Less – Having an actively deployed family member could mean lower car insurance rates.
- Driving Data Discount – Insureds that choose to allow companies to study vehicle usage by installing a telematics device such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease as long as they are good drivers.
- Indianapolis Homeowners Discount – Being a homeowner can save a few bucks because it means you have a higher level of financial diligence.
- Claim Free – Good drivers with no accidents have much lower rates as opposed to policyholders that have many claims.
- Safety Course Discount – Taking part in a course that instructs on driving safety can save you 5% or more and make you a better driver.
- Student in College – Kids living away from Indianapolis attending college and don’t have a car could qualify for this discount.
- Early Payment Discounts – If you can afford to pay the entire bill rather than paying in monthly installments you can avoid the installment charge.
- Low Mileage Discounts – Driving less could be rewarded with lower premium rates on the low mileage vehicles.
- E-sign – Many companies provide a small discount get Indianapolis car insurance on the web.
You can save money using discounts, but most of the big mark downs will not be given to all coverage premiums. Most cut specific coverage prices like medical payments or collision. Just because you may think having all the discounts means you get insurance for free, you won’t be that lucky.
The illustration below illustrates the comparison of Chevy Colorado auto insurance costs with and without discounts applied. The information is based on a female driver, no violations or claims, Indiana 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 claim-free, multi-car, homeowner, marriage, multi-policy, and safe-driver discounts applied.
A few companies that may offer these discounts include:
If you need inexpensive Indianapolis car insurance quotes, ask every prospective company which discounts they offer. Some discounts may not apply everywhere. To choose companies with significant discounts in Indianapolis, click here.
Chevy Colorado detailed coverage information
The coverage information shown below showcases estimates of insurance prices for Chevy Colorado models. Having a better understanding of how insurance rates are figured can assist in making decisions when shopping your coverage around.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $112 | $250 | $318 | $18 | $94 | $792 | $66 |
| Colorado LT Extended Cab 2WD | $132 | $304 | $318 | $18 | $94 | $866 | $72 |
| Colorado LT 4WD | $132 | $250 | $270 | $16 | $80 | $748 | $62 |
| Colorado LT Crew Cab 2WD | $132 | $304 | $318 | $18 | $94 | $866 | $72 |
| Colorado LT Extended Cab 4WD | $132 | $250 | $270 | $16 | $80 | $748 | $62 |
| Colorado LT Crew Cab 4WD | $152 | $304 | $270 | $16 | $80 | $822 | $69 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Indiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in zip code location which can change coverage rates considerably.
How high should deductibles be?
One of the hardest decisions when shopping for car insurance is how high should the physical damage coverage deductibles be. The comparisons below lay out the costs and benefits between high and low physical damage deductibles. The first set of prices uses a $250 deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $162 | $300 | $280 | $16 | $84 | $867 | $72 |
| Colorado LT Extended Cab 2WD | $188 | $366 | $280 | $16 | $84 | $959 | $80 |
| Colorado LT 4WD | $188 | $300 | $238 | $14 | $72 | $837 | $70 |
| Colorado LT Crew Cab 2WD | $188 | $366 | $280 | $16 | $84 | $959 | $80 |
| Colorado LT Extended Cab 4WD | $188 | $300 | $238 | $14 | $72 | $837 | $70 |
| Colorado LT Crew Cab 4WD | $216 | $366 | $238 | $14 | $72 | $931 | $78 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $100 | $188 | $280 | $16 | $84 | $668 | $56 |
| Colorado LT Extended Cab 2WD | $116 | $230 | $280 | $16 | $84 | $726 | $61 |
| Colorado LT 4WD | $116 | $188 | $238 | $14 | $72 | $628 | $52 |
| Colorado LT Crew Cab 2WD | $116 | $230 | $280 | $16 | $84 | $726 | $61 |
| Colorado LT Extended Cab 4WD | $116 | $188 | $238 | $14 | $72 | $628 | $52 |
| Colorado LT Crew Cab 4WD | $134 | $230 | $238 | $14 | $72 | $688 | $57 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Indiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in vehicle garaging location which can change insurance rates substantially.
Based on these figures, using a $250 deductible costs approximately $18 more each month or $216 each year averaged for all Colorado models than quoting the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you go at least 42 months between claim filings, you would save more money if you choose the higher deductible. Here is a better example of how you can make this decision for your own policy.
| Average monthly premium for $250 deductibles: | $75 |
| Average monthly premium for $1,000 deductibles (subtract): | – $57 |
| Monthly savings from raising deductible: | $18 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $18 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 42 months |
The chart below illustrates how your deductible choice and can affect Chevy Colorado insurance prices for different age groups of insureds. The data assumes a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Should you buy full coverage?
The information below visualizes the comparison of Chevy Colorado auto insurance costs when comparing full coverage to liability only. The premiums are based on no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no policy discounts are applied.
Should you be buying full coverage?
There is no definitive guideline that works best for making the decision to drop full coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Chevy Colorado settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company will settle for is $5,000 after the policy deductible has been paid. If premiums are more than $500 annually for full coverage, then you may need to consider dropping full coverage.
There are some circumstances where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.
Get Cheap Car Insurance with These Tips
Lots of factors are taken into consideration when quoting car insurance. Some are pretty understandable like your driving record, but other criteria are not quite as obvious such as your credit history or your commute time.
- Better prices for continuous car insurance coverage – Having a lapse in insurance coverage is a quick way to trigger a rate increase. And not only will your rates increase, the inability to provide proof of insurance might get you a hefty fine and possibly a revoked license. You may need to file a SR-22 with the Indiana department of motor vehicles.
- Lower stress equals lower rates – Careers such as doctors, business owners, and dentists are shown to have higher average rates due to intense work-related stress and incredibly demanding work hours. Other professions such as scientists, athletes and performers pay the least.
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Cheaper to insure women? – Over the last 30 years, statistics show that men are more aggressive behind the wheel. It does not mean females are better drivers. Men and women are responsible for fender benders at a similar rate, but the males tend to have more serious accidents. Not only are claims higher, but men get cited for more serious violations like reckless driving and DUI.
The diagram below illustrates the difference between Chevy Colorado car insurance rates for male and female drivers. Data assumes a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are factored in.
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Insurance is expensive for younger drivers – Older drivers tend to be more responsible, cause fewer claims and accidents, and are safer drivers. Drivers with little experience are proven to be inattentive with other occupants in the car so they pay higher car insurance rates.
The following chart assumes a single driver, full coverage with $100 deductibles, and no discounts or violations.
- Know your vehicle’s safety rating – Safe vehicles tend to have lower insurance rates. Highly rated vehicles reduce the chance of injuries and fewer serious injuries means your insurance company pays less and cheaper rates on your policy.
- Liability coverage limits should be high – The liability coverage on your policy is the coverage that protects you when a jury decides you are liable for an accident. It provides legal defense which can be incredibly expensive. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so insureds should have plenty of protection for their assets.
- Premiums can change based on your address – Having an address in small towns and rural areas is a positive aspect when talking about car insurance. Drivers in populated areas have more road rage incidents and longer commutes to work. Lower population means a lower chance of having an accident and a lower car theft rate.
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Chevy Colorado insurance loss data – Car insurance companies include the past claim history for a vehicle in order to profitably underwrite each model. Models that are shown to have higher frequency or amount of claims will have a higher cost to insure.
The information below illustrates the collected loss data for Chevy Colorado vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, equals 100. Values that are below 100 mean the vehicle has better than average losses, while numbers shown that are more than 100 show a trend for more claims or statistically larger claims.
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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Shop online but buy locally
Some consumers would rather get professional advice from a licensed agent and that can be a smart move Licensed agents will help you protect your assets and give you someone to call. The best thing about getting free rate quotes online is the fact that drivers can get lower rates and still choose a local agent.
After filling out this simple form, your insurance coverage information is transmitted to companies in Indianapolis who want to provide quotes and help you find cheaper 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 straight to your inbox. In the event you want to get a rate quote from a specific insurance provider, just go to their quote page and fill out the quote form the provide.
Choosing the best insurer requires more thought than just a cheap quote. Ask your prospective agent these questions:
- Are you getting all the discounts the company offers?
- Is vehicle mileage a factor when determining depreciation for repairs?
- If independent agents, which companies do they recommend?
- Is coverage determined by price?
- Do they have designations such as AIC, CPCU, or CIC?
Exclusive and independent Indianapolis auto insurance agents
If you prefer to buy insurance from a reliable insurance agent, you must know there are a couple different types of agencies and how they can write your policy. Insurance agencies in Indianapolis are classified as either independent (non-exclusive) or exclusive. Either can sell and service insurance coverage, but it’s worth mentioning how they are different since it may influence the kind of agent you use.
Exclusive Agencies
Agents of this type write business for a single company like State Farm or Allstate. Exclusive agencies are unable to provide other company’s prices so you might not find the best rates. Exclusive insurance agents are highly trained on their products and sales techniques which helps them sell on service rather than price.
Below is a short list of exclusive insurance agencies in Indianapolis who may provide you with comparison quotes.
Tia Walker – State Farm Insurance Agent
2169 Glebe St #100a – Carmel, IN 46032 – (317) 890-1200 – View Map
Bill Hill – State Farm Insurance Agent
7423 E 82nd St – Indianapolis, IN 46256 – (317) 849-4119 – View Map
Farmers Insurance
2229 Martin Luther King Jr St – Indianapolis, IN 46208 – (317) 925-5557 – View Map
Independent Agents (or Brokers)
Agents that elect to be independent are not restricted to one company so they can write business through many different insurance companies and find the cheapest insurance rates. If you are not satisfied with one company, they simply move the coverage in-house and you don’t have to do anything. If you are comparing rate quotes, we highly recommend that you include at a minimum one independent agency for maximum quote selection.
Below are Indianapolis independent insurance agents that are able to give rate quotes.
A. I. King Insurance Agency, Inc.
8604 Allisonville Rd #210 – Indianapolis, IN 46250 – (317) 841-6004 – View Map
Owens Insurance Agency
N Alabama St #350 – Indianapolis, IN 46204 – (317) 572-8080 – View Map
Shepherd Insurance and Financial Services
111 Congressional Blvd Suite 100 – Carmel, IN 46032 – (317) 846-5554 – View Map
There’s no such thing as the perfect car insurance policy
Always remember that when buying coverage online or from an agent for your vehicles, there isn’t really a single plan that fits everyone. Your financial needs are unique and a cookie cutter policy won’t apply.
These are some specific questions might point out whether or not you would benefit from an agent’s advice.
- If my Chevy Colorado is totaled, can I afford another vehicle?
- Can I rent a car in Mexico?
- Which companies will insure me after a DUI?
- Am I covered if I crash into my own garage door?
- Why am I required to get a high-risk car insurance policy?
- Is pleasure use cheaper than using my Chevy Colorado to commute?
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Be persistent and save
A few companies do not offer online quoting and usually these small, regional companies only sell through independent insurance agencies. Affordable Chevy Colorado insurance in Indianapolis is available from both online companies and from local agencies, so you need to compare both so you have a total pricing picture.
We just presented a lot of tips how to find cheap Chevy Colorado insurance in Indianapolis. The most important thing to understand is the more times you quote, the better your comparison will be. Consumers may even find the lowest premium rates are with a company that doesn’t do a lot of advertising. Some small companies often have lower prices on specific markets as compared to the big name companies such as Allstate, GEICO and Progressive.
Additional information can be found at the links below
- Auto Insurance 101 (About.com)
- Who Has Cheap Indianapolis Auto Insurance Rates for Postal Workers? (FAQ)
- How Much are Car Insurance Quotes for Good Drivers in Indianapolis? (FAQ)
- How Much is Indianapolis Auto Insurance for College Students? (FAQ)
- Crash Avoidance Technologies FAQ (iihs.org)
- Distracted Driving Extends Beyond Texting (State Farm)