Overpriced car insurance in Houston can take a big chunk out of your savings account and make it hard to pay other bills. Doing a rate comparison is recommended to tighten up your finances.

Insurance for Chevy ColoradoUnthinkable but true, almost 70% of insureds renewed their policy with the same company for at least the last four years, and virtually 40% of consumers have never compared car insurance rates at all. Many drivers in Houston can save hundreds of dollars each year, but they underestimate how much savings they would realize if they bought a different policy.

Having so many choices for buying lower-cost insurance for a Chevy Colorado in Houston, it's nearly impossible to choose the most affordable car insurance company.

Companies offering Chevy Colorado insurance in Texas

The providers in the list below are ready to provide quotes in Texas. In order to find the best cheap auto insurance in Houston, TX, it's a good idea that you click on several of them in order to get a fair rate comparison.

Chevrolet Colorado Insurance Cost Estimates in Houston, TX
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $172 $322 $388 $24 $116 $1,022 $85
Colorado LT Extended Cab 2WD $246 $580 $400 $24 $120 $1,370 $114
Colorado LT 4WD $136 $252 $366 $22 $110 $886 $74
Colorado LT Crew Cab 2WD $200 $452 $496 $30 $148 $1,326 $111
Colorado LT Extended Cab 4WD $180 $322 $340 $20 $102 $964 $80
Colorado LT Crew Cab 4WD $208 $312 $424 $26 $128 $1,098 $92
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Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Texas minimum liability limits. Discounts applied include multi-policy, homeowner, safe-driver, claim-free, and multi-vehicle. Rates do not factor in zip code location which can revise premium rates substantially.

Auto insurance premiums based on gender

The diagram below shows the comparison of Chevrolet Colorado insurance rates for male and female drivers. The price estimates are based on no tickets, no at-fault accidents, full physical damage coverage, $250 deductibles, single marital status, and no additional discounts are factored in.

Physical damage deductibles

When comparing auto insurance rates, the most common question is how low should you set your deductibles. The tables below approximate how much more rates are of buying low and high insurance deductibles. The first set of rates uses a $100 deductible and the second rate table uses a $500 deductible.

Chevrolet Colorado insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $244 $486 $382 $22 $114 $1,273 $106
Colorado LT Extended Cab 2WD $286 $592 $382 $22 $114 $1,421 $118
Colorado LT 4WD $286 $486 $324 $20 $96 $1,237 $103
Colorado LT Crew Cab 2WD $286 $592 $382 $22 $114 $1,421 $118
Colorado LT Extended Cab 4WD $286 $486 $324 $20 $96 $1,237 $103
Colorado LT Crew Cab 4WD $328 $592 $324 $20 $96 $1,385 $115
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Chevrolet Colorado insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Colorado LT 2WD $178 $328 $382 $22 $114 $1,024 $85
Colorado LT Extended Cab 2WD $208 $400 $382 $22 $114 $1,126 $94
Colorado LT 4WD $208 $328 $324 $20 $96 $976 $81
Colorado LT Crew Cab 2WD $208 $400 $382 $22 $114 $1,126 $94
Colorado LT Extended Cab 4WD $208 $328 $324 $20 $96 $976 $81
Colorado LT Crew Cab 4WD $240 $400 $324 $20 $96 $1,080 $90
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Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in zip code location which can increase or decrease insurance rates considerably.

Based on this data, using a $100 deductible costs roughly $23 more each month or $276 each year than requesting the higher $500 deductible. Because you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at a minimum 17 months between claim filings, you would probably save some money by selecting a higher deductible. Here's a better example of how this decision is made.

Average monthly premium for $100 deductibles: $111
Average monthly premium for $500 deductibles (subtract): - $88
Monthly savings from raising deductible: $23
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $23
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 17 months

An important thing to remember is that increasing deductibles to lower your rates results in having to pay to pay more out-of-pocket if you have a claim. It will be required that you have a higher level of savings in order to pay the higher deductible in order to repair your vehicle.

Rate comparison for different deductibles

The diagram below illustrates how your deductible choice and can influence Chevrolet Colorado insurance rates for different age groups. Data assumes a single male driver, full physical damage coverage, and no discounts are applied.

Score discounts on Houston car insurance

Car insurance is not cheap, but you might find some hidden discounts that you may not even know about. Most are applied when you purchase, but some may not be applied and must be specifically requested before they will apply.Car insurance discounts

Discounts save money, but please remember that most of the big mark downs will not be given to your bottom line cost. Some only reduce the price of certain insurance coverages like medical payments or collision. So when the math indicates all the discounts add up to a free policy, it doesn't quite work that way. But all discounts will definitely lower your car insurance premiums.

For a list of insurers with discount rates in Houston, click here to view.

Smart Consumers Know How to Buy Car Insurance More Affordably

Many factors are considered when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but some are less apparent like your vehicle usage or how safe your car is.

Male rates may be higher - Statistics have proven that females tend to be a little less risky than males. The data does not necessarily mean that men are WORSE drivers than women. Women and men get in fender benders in similar numbers, but the male of the species get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations like DUI and reckless driving. Young men ages 16 to 20 are several times more likely to be in an accident and therefore are the most expensive to insure.

Being married brings a discount - Getting married can get you a discount on your car insurance policy. Having a significant other usually means you are more responsible and it's proven that married drivers get in fewer accidents.

Liability coverage is peace of mind - Your car insurance policy's liability coverage is the protection when a jury decides you are liable for causing personal injury or damage in an accident. Your policy's liability insurance provides legal defense coverage to attempt to prove you were not liable. Liability is cheap compared to comp and collision, so insureds should have plenty of protection for their assets.

Continuous car insurance coverage saves money - Going without insurance can be a guaranteed way to increase your car insurance rates. And not only will insurance be more expensive, failure to provide proof of insurance can result in a fine, jail time, or a revoked license. You may need to file a SR-22 with the Texas motor vehicle department to get your license reinstated.

Big city or small town - Being located in less populated areas can save you money when insuring your vehicles. Less people living in that area means fewer accidents and lower theft and vandalism rates. City drivers have more road rage incidents and longer commute times. More time behind the wheel means more chance of being in an accident.

Multi-policy discounts can save money - Some companies allow better rates to buyers who have multiple policies with them such as combining an auto and homeowners policy. Even with this discount, it's always a smart idea to comparison shop to help guarantee you have the best rates. You may still find better rates by buying from different companies

Long commutes cost more - The more you drive in a year the higher the price you pay to insure it. Most companies rate vehicles based upon how much you drive. Autos left parked in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your Colorado may be wasting your money. Ask your agent if your car insurance policy is rated on annual mileage, because improper ratings can cost you money.

Chevy Colorado insurance loss statistics - Car insurance companies analyze historical claim data when they calculate premium rates for each model. Vehicles that the data shows to have higher claim frequency or loss amount will cost more for specific coverages.

The table shown below demonstrates the historical loss data for Chevy Colorado vehicles. For each coverage category, the claim amount for all vehicles compiled together is equal to 100. Values that are below 100 suggest a positive loss record, while percentage numbers above 100 point to more claims or a tendancy for losses to be larger than average.

Chevrolet Colorado Insurance Loss Statistics

Vehicle Make and 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
Statistics from IIHS.org for 2013-2015 Model Years

Shop online but buy locally

Certain consumers still like to buy from a licensed agent and doing that can be a smart decision A good thing about comparing insurance online is that you can obtain better rates and still choose a local agent. Putting coverage with local agencies is important particularly in Houston.

Houston insurance agentsAfter completing this short form, your insurance coverage information is instantly submitted to insurance agents in Houston that provide free Houston car insurance quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to even leave your home since price quotes are sent to you instantly. You can get cheaper insurance rates AND an agent nearby. If you need to quote rates from one company in particular, don't hesitate to search and find their rate quote page and submit a quote form there.

Different types of Houston auto insurance agents

When searching for a reputable agency, it can be helpful to understand the different types of agencies and how they are slightly different. Insurance agencies in Houston can be classified as either independent (non-exclusive) or exclusive.

Independent Agents

Agents that choose to be independent can sell policies from many different companies so they can write business with a variety of different insurance companies and find the cheapest insurance rates. To transfer your coverage to a different company, they simply move your policy to a different company and you stay with the same agent.

When comparing insurance prices, we recommend you get rate quotes from at least one independent agent so that you can do a thorough price comparison.

Shown below is a list of independent agents in Houston who may provide price quotes.

10592 Fuqua St - Houston, TX 77089 - (281) 481-1903 - View Map

Texas Insurance
210 W Greens Rd # B - Houston, TX 77067 - (281) 872-6100 - View Map

#100, 3120 SW Freeway Service Rd - Houston, TX 77098 - (713) 520-1090 - View Map

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Exclusive Insurance Agencies

Exclusive agencies can only quote rates from one company and examples are AAA, Allstate, and State Farm. Exclusive agencies are unable to shop your coverage around so always compare other rates. Exclusive agents are usually quite knowledgeable on their products and sales techniques which helps offset the inability to provide other markets.

Listed below is a short list of exclusive insurance agents in Houston that are able to give comparison quotes.

10103 Fondren Rd #150 - Houston, TX 77096 - (832) 431-4222 - View Map

8475 Hwy 6 N Ste B - Houston, TX 77095 - (281) 550-2886 - View Map

1005 Waugh Dr b - Houston, TX 77019 - (713) 520-5556 - View Map

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Finding the right car insurance agent requires more thought than just a cheap price quote. Any agent in Houston should have no problem answering these questions:

After getting positive responses to all your questions and a good coverage price, you may have just found an insurance agent that can be trusted to insure your vehicles. It's important to know that consumers can terminate coverage for any reason so never assume you are locked into the insurance policy indefinitely.

Compare. Compare. Compare.

As you go through the steps to switch your coverage, never buy poor coverage just to save money. There are a lot of situations where an insured dropped collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible at the lowest possible cost while still protecting your assets.

Throughout this article, we presented a lot of techniques to reduce Chevy Colorado insurance car insurance rates online in Houston. The key thing to remember is the more providers you compare, the better chance you'll have of finding inexpensive Houston car insurance quotes. You may even find the lowest car insurance rates come from some of the smallest insurance companies. These companies may cover specific market segments cheaper compared to the large companies like Progressive or GEICO.

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