A study showed that the vast majority of consumers have bought auto insurance from the same company for over three years, and almost half have never compared rates with other companies. Tennessee drivers could save roughly $480 each year just by shopping around, but they won’t spend time to shop their coverage around.
It takes a few minutes, but the best way to find cheaper prices for Chevy Cobalt insurance is to regularly compare price quotes from different companies that insure vehicles in Nashville.
- Step 1: Try to understand how insurance companies determine prices and the modifications you can make to prevent rate increases. Many things that increase rates like accidents, traffic violations, and a negative credit rating can be improved by making lifestyle changes or driving safer.
- Step 2: Request price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO or Allstate, while agents who are independent can provide prices from many different companies.
- Step 3: Compare the quotes to your existing rates to see if a cheaper price is available. If you find a better price and switch companies, make sure coverage is continuous and does not lapse.
One bit of advice is to use similar coverage information on each price quote and and to get quotes from as many different companies as possible. Doing this guarantees an apples-to-apples comparison and a good representation of prices.
Verify you’re receiving every discount
Car insurance is not cheap nor is it fun to buy but discounts can save money and there are some available that you may not even know about. Larger premium reductions will be automatically applied at the time of quoting, but some discounts are required to be manually applied before being credited.
- Discounts for Federal Employees – Being employed by or retired from a federal job could provide a small rate reduction with a few car insurance companies.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen less frequently so companies will give you a small discount.
- Pay Upfront and Save – By paying your entire bill at once rather than spreading payments over time you could save 5% or more.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in high school.
- Nashville Homeowners Pay Less – Owning your own home or condo can get you a discount because owning a home is proof that your finances are in order.
- Low Mileage – Low mileage vehicles could be rewarded with cheaper prices.
- Driver Training Discounts – Taking a defensive driving class could possibly earn you a 5% discount if you qualify.
- Save over 55 – Drivers over the age of 55 can possibly qualify for reduced rates.
A quick disclaimer, some of the credits will not apply to the entire policy premium. A few only apply to specific coverage prices like medical payments or collision. Even though it may seem like you would end up receiving a 100% discount, nobody gets a free ride.
The illustration below illustrates the difference between Chevy Cobalt annual premium costs with and without discounts applied to the premium. The price estimates are based on a female driver, no claims or driving violations, Tennessee state minimum liability limits, full physical damage coverage, 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, multi-policy, safe-driver, marriage, and homeowner discounts applied.
To see insurers with discount car insurance rates in Tennessee, click here to view.
All major insurance companies such as State Farm, Allstate and GEICO give coverage prices online. Getting Chevy Cobalt insurance prices online doesn’t take much effort as you just type in the coverages you want as detailed in the form. Behind the scenes, the quote system makes automated requests for your credit score and driving record and generates a price.
This streamlines rate comparisons, and it’s necessary to do this if you are searching for cheaper prices.
In order to fill out one form to compare multiple rates now, compare rates now from the companies shown below. If you have your current policy handy, we recommend you duplicate coverages and limits just like they are on your policy. Doing this guarantees you will have a rate comparison for similar coverage.
The following companies offer quotes in Tennessee. If you wish to find the cheapest auto insurance in Nashville, TN, we suggest you visit several of them to get the best price comparison.
Chevy Cobalt insurance statistics and information
The rate information shown below highlights a range of insurance rates for Chevy Cobalt models. Having insight into how insurance policy rates are figured is important for making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $136 | $350 | $342 | $20 | $102 | $950 | $79 |
| Cobalt XFE 4-Dr Sedan | $136 | $350 | $342 | $20 | $102 | $950 | $79 |
| Cobalt LS 2-Dr Coupe | $156 | $350 | $380 | $22 | $114 | $1,022 | $85 |
| Cobalt XFE 2-Dr Coupe | $156 | $350 | $380 | $22 | $114 | $1,022 | $85 |
| Cobalt LT 4-Dr Sedan | $156 | $350 | $342 | $20 | $102 | $970 | $81 |
| Cobalt LT 2-Dr Coupe | $176 | $350 | $380 | $22 | $114 | $1,042 | $87 |
| Cobalt SS Turbo 2-Dr Coupe | $196 | $456 | $380 | $22 | $114 | $1,168 | $97 |
| Get Your Own Custom Quote Go | |||||||
Data based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Tennessee minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in specific location which can modify premium rates greatly.
How high should deductibles be?
One frequently asked question is which comprehensive and collision deductibles to buy. The premium rates below summarize the rate fluctuation between low and high comp and collision deductibles. The first rate estimation uses a $250 deductible and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $194 | $444 | $326 | $20 | $98 | $1,107 | $92 |
| Cobalt XFE 4-Dr Sedan | $194 | $444 | $326 | $20 | $98 | $1,107 | $92 |
| Cobalt LS 2-Dr Coupe | $224 | $444 | $360 | $22 | $108 | $1,183 | $99 |
| Cobalt XFE 2-Dr Coupe | $224 | $444 | $360 | $22 | $108 | $1,183 | $99 |
| Cobalt LT 4-Dr Sedan | $224 | $444 | $326 | $20 | $98 | $1,137 | $95 |
| Cobalt LT 2-Dr Coupe | $252 | $444 | $360 | $22 | $108 | $1,211 | $101 |
| Cobalt SS Turbo 2-Dr Coupe | $280 | $578 | $360 | $22 | $108 | $1,373 | $114 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Cobalt LS 4-Dr Sedan | $120 | $278 | $326 | $20 | $98 | $842 | $70 |
| Cobalt XFE 4-Dr Sedan | $120 | $278 | $326 | $20 | $98 | $842 | $70 |
| Cobalt LS 2-Dr Coupe | $138 | $278 | $360 | $22 | $108 | $906 | $76 |
| Cobalt XFE 2-Dr Coupe | $138 | $278 | $360 | $22 | $108 | $906 | $76 |
| Cobalt LT 4-Dr Sedan | $138 | $278 | $326 | $20 | $98 | $860 | $72 |
| Cobalt LT 2-Dr Coupe | $156 | $278 | $360 | $22 | $108 | $924 | $77 |
| Cobalt SS Turbo 2-Dr Coupe | $174 | $362 | $360 | $22 | $108 | $1,026 | $86 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Tennessee minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price estimates do not factor in zip code location which can alter coverage prices significantly.
Based on these figures, using a $250 deductible will cost in the ballpark of $24 more each month or $288 annually than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you normally average at a minimum 31 months between claim filings, you would save more money if you decide on a higher deductible.
Impact of speeding/accidents on insurance rates
The information below demonstrates how speeding tickets and accident claims can influence Chevy Cobalt insurance rates for different categories of driver ages. The premium estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.
Annual premiums comparing men and women
The chart below shows the comparison of Chevy Cobalt insurance rates for male and female drivers. The data is based on a clean driving record, no at-fault accidents, full coverage, $1,000 deductibles, drivers are single, and no policy discounts are applied.
Do I need a local insurance agent?
Some consumers still like to go talk to an agent and we recommend doing that Licensed agents can point out coverage gaps and help file insurance claims. A good thing about getting free rate quotes online is that you can obtain cheap rate quotes and still have an agent to talk to. Buying insurance from local insurance agents is important particularly in Nashville.
Once you complete this form (opens in new window), your insurance data is instantly submitted to local insurance agents in Nashville who will return price quotes for your insurance coverage. It’s much easier because you don’t need to search for any insurance agencies as quotes are delivered directly to your email. If you need to get a price quote from a specific insurance provider, you would need to search and find their rate quote page and submit a quote form there.
If you prefer to buy insurance from local Nashville agents, there are a couple of different types of agents to choose from. Insurance agencies are either independent agents or exclusive agents depending on their employer. Either type can handle insurance, but it is a good idea to know why they differ because it can influence buying decisions.
Independent Agencies or Brokers
Agents that choose to be independent are not employed by one company and that allows them to write policies with an assortment of companies and possibly get better coverage at lower prices. If they find a cheaper price, they can switch companies in-house and the insured can keep the same agent.
If you are trying to find cheaper rates, we highly recommend that you get quotes from independent agents to have the most options to choose from. Many can place coverage with additional companies that you may not be familiar with which can save you money.
Listed below is a small list of independent insurance agents in Nashville that can possibly get you comparison quotes.
- Nationwide Insurance: Gaffney Insurance Agency and Financial Services LLC
946 Jefferson St #103 – Nashville, TN 37208 – (615) 733-3133 – View Map - Greater Nashville Insurance
208 McGavock Pike A – Nashville, TN 37214 – (615) 885-5882 – View Map - Prince Insurance Agency, Inc.
1101 Kermit Dr #205 – Nashville, TN 37217 – (615) 823-6987 – View Map
Exclusive Insurance Agencies
Exclusive agents can only provide pricing for a single company like State Farm, Allstate, or Farmers Insurance. These agents are unable to compare other company’s rates so they really need to provide good service. Exclusive agencies receive extensive training on their products and sales techniques which helps them sell insurance even at higher premiums. Some people will only purchase coverage from exclusives mainly due to the prominent brand name and solid financial strength.
Listed below is a short list of exclusive insurance agencies in Nashville that are able to give price quotes.
- Eric Osborne – State Farm Insurance Agent
2301 21st Ave S #350 – Nashville, TN 37212 – (615) 837-9000 – View Map - GEICO Insurance Agent
14981 Old Hickory Boulevard – Nashville, TN 37211 – (615) 376-2969 – View Map - Heather Farmer State Farm Insurance
6592 TN-100 Suite 2 – Nashville, TN 37205 – (615) 356-6503 – View Map
Deciding on an insurance agency shouldn’t rely on just the premium amount. Before buying a policy in Nashville, get answers to these questions.
- Do they carry Errors and Omissions coverage?
- Does the agency support the community they serve?
- How many years have they been established?
- Do the agents have professional certifications like CPCU or CIC?
- Where are claims handled?
- What insurance companies do they work with in Nashville?
Insurance protects more than just your car
Despite the high cost of buying insurance for a Chevy Cobalt in Nashville, paying for insurance serves several important purposes.
- Just about all states have mandatory liability insurance requirements which means you are required to buy specific limits of liability insurance in order to license the vehicle. In Tennessee these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If your Chevy has a lienholder, almost every bank will have a requirement that you have insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy at a much higher rate and force you to reimburse them for the expensive policy.
- Insurance protects both your assets and your car. It will also provide coverage for medical bills for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, will also pay to defend you if you are sued as the result of an accident. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your Cobalt are definitely more than the cost, specifically if you ever have a liability claim. Unknowingly, the average driver overpays as much as $825 a year so you should quote rates at every policy renewal to help ensure money is not being wasted.
Insurance coverage considerations
Having a good grasp of your insurance policy can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Chevy Cobalt.
Because many people have only the minimum liability required by law (which is 25/50/15), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Normally these coverages are set the same as your liability limits.
Auto collision coverage
Collision coverage pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as sideswiping another vehicle, hitting a parking meter, crashing into a ditch and driving through your garage door. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible on your Cobalt to save money on collision insurance.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like ambulance fees, hospital visits and chiropractic care. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. PIP is not universally available and may carry a deductible
Liability
This coverage protects you from damages or injuries you inflict on other’s property or people. It protects you against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/15 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $15,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for claims such as emergency aid, structural damage, repair bills for other people’s vehicles, bail bonds and pain and suffering. The amount of liability coverage you purchase is your choice, but buy as much as you can afford. Tennessee requires minimum liability limits of 25/50/15 but you should think about purchasing better liability coverage.
The chart below shows why buying the state minimum limits may not be high enough to adequately cover claims.
Comprehensive coverages
This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things like theft, rock chips in glass, vandalism, damage from getting keyed and hail damage. The maximum payout your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Cheaper car insurance prices are available
In this article, we covered some good ideas how to find affordable Chevy Cobalt insurance in Nashville. It’s most important to understand that the more you quote Nashville auto insurance, the higher your chance of finding low cost Nashville auto insurance quotes. You may even discover the best premium rates are with a company that doesn’t do a lot of advertising.
Cheaper car insurance in Nashville can be sourced online and with local Nashville insurance agents, so you should compare both so you have a total pricing picture. Some companies may not offer rates over the internet and these regional insurance providers sell through local independent agencies.
When searching for cheaper Nashville auto insurance quotes, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many situations where someone dropped liability coverage limits only to discover later that it was a big mistake. The goal is to buy a smart amount of coverage at the best cost while still protecting your assets.
Helpful learning opportunities
- Parking Tips to Reduce Door Dings (State Farm)
- Who Has the Cheapest Nashville Auto Insurance Quotes for College Graduates? (FAQ)
- What Car Insurance is Cheapest for Government Employees in Nashville? (FAQ)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- Frontal Crash Tests (iihs.org)