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Are Chevrolet Cobalts expensive to insure?

Are Chevrolet Cobalts expensive to insure? Chevrolet Cobalt car insurance rates are $112 per month on average, but there are plenty of car insurance discounts you can take advantage of to get better Chevrolet Cobalt auto insurance quotes. Safety ratings based on Chevrolet Cobalt crash tests and other testing can also affect your rates.

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Eric Stauffer is a former insurance agent and banker turned consumer advocate. His priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best...

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UPDATED: Sep 4, 2020

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Key takeaways:

  • Full coverage costs around $1,342 a year or $112 each month
  • A liability-only policy costs around $538 a year or $45 each month
  • Highest rates are for teenage drivers at around $4,905 a year or $409 each month
  • Good drivers can save as much as $553 a year by earning policy discounts
  • Chevrolet Cobalt insurance costs around $177 less per year than the average vehicle

Is a Chevrolet Cobalt expensive to insure? Chevrolet Cobalt insurance rates are about $177 less per year than the average vehicle, with liability-only coverage coming in at around $1,342 a year or $112 a month. Save up to $553 a year by being a good driver and remaining claim-free. Let’s look at Chevrolet Cobalt insurance rates, safety ratings, and more.

You can start comparing quotes for Chevrolet Cobalt car insurance rates from some of the best insurance companies by using your ZIP code in our free online tool for affordable Chevrolet Cobalt car insurance rates now.

Are Chevrolet Cobalts expensive to insure? Find out now.

Chevrolet Cobalt Insurance Rates

The average Chevrolet Cobalt car insurance rates are $1,342 a year or $112 a month. Take a look at this chart to see average rates based on different factors.

It shouldn’t be surprising that teens pay the most for Chevrolet Cobalt coverage.

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Cost to Insure A Chevrolet Cobalt

The chart below details how Chevrolet Cobalt insurance rates compare to other sedans like the Toyota Corolla, Nissan Versa, and Chevrolet Cruze.

Average Insurance Rates for Vehicles Similar to a Chevrolet Cobalt
VehicleAverage Annual Comprehensive Insurance RateAverage Annual Collision Insurance RateAverage Annual Liability Insurance RateAverage Annual Total Insurance Rate
Toyota Corolla$294$542$390$1,384
Nissan Versa$268$542$390$1,358
Chevrolet Cruze$308$594$372$1,432
Buick Regal$306$536$398$1,398
Chrysler 300$332$626$398$1,514
Toyota Avalon$320$536$338$1,330
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There are a few things you can do to find the cheapest Chevrolet insurance rates online.

Impacts of the Cost of Chevrolet Cobalt Insurance

Even though the average annual rate for the Chevrolet Cobalt is $1,342, your policy can be higher or lower depending upon your profile. Those factors include your age, home address, driving history, and the model year of your Chevrolet Cobalt. Keep reading to find out more.

Age of the Vehicle

Older Chevrolet Cobalt models generally cost less to insure.

Average Annual Rates for a Chevrolet Cobalt by Model Year
Model YearAverage Annual Comprehensive RatesAverage Annual Collision RatesAverage Annual Liability RatesAverage Annual Total Rates
2010 Chevrolet Cobalt$198$364$580$1,342
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Auto insurance for a 2010 Chevrolet Cobalt costs an average of $1,342 per year.

Driver Age

Driver age can have a significant effect on Chevrolet Cobalt car insurance rates.

For example, 30-year-old drivers pay $59 more for Chevrolet Cobalt car insurance than 40-year-old drivers.

Driver Location

Where you live can have a large impact on Chevrolet Cobalt insurance rates.

For example, drivers in New York may pay $818 a year more than drivers in Seattle.

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Your Driving Record

Your driving record can have an impact on your Chevrolet Cobalt car insurance rates. Teens and drivers in their 20s see the highest jump in their Chevrolet Cobalt car insurance with violations on their driving record. Take a look at this video to hear about how driving record can affect your rates.

To see how your driving record can affect your rates for a Chevrolet Cobalt at different ages, take a look at this chart.

As we already noted, the highest rates, regardless of driving record, are typically associated with 20-year-old drivers, while 60-year-old drivers pay the most affordable rates.

Chevrolet Cobalt Safety Ratings

Your Chevrolet Cobalt auto insurance rates are tied to the Chevrolet Cobalt’s safety ratings. Take a look at the breakdown below from the Insurance Institute for Highway Safety.

Chevrolet Cobalt Safety Ratings
IIHS Safety Test TypeSafety Rating
Small overlap front: driver-sideNot Tested
Small overlap front: passenger-sideNot Tested
Moderate overlap frontGood
SideAverage
Roof strengthNot Tested
Head restraints and seatsGood
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This data includes 2010 Chevrolet Cobalt safety ratings.

Chevrolet Cobalt Crash Test Ratings

Good Chevrolet Cobalt crash test ratings mean the VW is safer, which could mean cheaper Chevrolet Cobalt car insurance rates. Take a look at this table to see National Highway Traffic Safety Administration ratings for the Chevrolet Cobalt.

Chevrolet Cobalt Crash Test Ratings
Vehicle TestedFront DriverFront PassengerSide DriverSide PassengerRollover
Chevrolet Cobalt45354
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The overall average safety rating for the Chevrolet Cobalt is 4.2 stars.

Chevrolet Cobalt Safety Features

Most drivers don’t realize that not only do Chevrolet Cobalt safety features play a vital role in keeping passengers safe in crashes, but they can also help lower Chevrolet Cobalt auto insurance rates. The Chevrolet Cobalt’s safety features include:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Disc/Rear Drum Brakes
  • Daytime Running Lights
  • Emergency Trunk Release

Speak with a licensed insurance agent to find out what safety feature-based car insurance discounts you may qualify for if you drive a Chevrolet Cobalt.

Chevrolet Cobalt Finance & Insurance Cost

If you are financing a Chevrolet Cobalt, most lenders will require your carry higher Chevrolet Cobalt coverage options including comprehensive coverage, so be sure to shop around and compare Chevrolet Cobalt car insurance quotes from the best companies using our free tool below.

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Ways to Save on Chevrolet Cobalt Insurance

If you want to reduce the cost of your Chevrolet Cobalt insurance rates, follow these tips:

  • Compare Chevrolet Cobalt quotes for free online
  • Buy a Chevrolet Cobalt with an anti-theft device
  • Consider ride-sharing services to lower your Chevrolet Cobalt mileage
  • Get Chevrolet Cobalt auto insurance through Costco
  • Pay your bills on time—especially Chevrolet Cobalt payments and insurance

These are examples of some of the ways you can save when shopping for insurance for your Chevrolet Cobalt.

Top Chevrolet Cobalt Insurance Companies

Who is the best auto insurance company for Chevrolet Cobalt insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering Chevrolet Cobalt auto insurance coverage, ordered by market share (this data was pulled from the Insurance Information Institute).

Largest Insurance Companies by Market Share
RankInsurance CompanyVolumeMarket Share
1State Farm$65,615,1909.30%
2Geico$46,106,9716.60%
3Progressive$39,222,8795.60%
4Liberty Mutual$35,600,0515.10%
5Allstate$35,025,9035.00%
6Travelers$28,016,9664.00%
7USAA$23,483,0803.30%
8Chubb$23,388,3853.30%
9Farmers$20,643,5592.90%
10Nationwide$18,442,1452.60%
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To see this represented graphically,

Many of these companies offer discounts for security systems and other safety features that the Chevrolet Cobalt offers.

Compare Free Chevrolet Cobalt Insurance Quotes Online

Ready to buy Chevrolet Cobalt car insurance? Find the best Chevrolet Cobalt car insurance company for you by using your ZIP code to get quotes from multiple car insurance companies in order to compare quotes for Chevrolet Cobalt coverage today.

References: 

  1. https://www.nhtsa.gov/ratings 
  2. https://www.iihs.org/ratings/vehicle/chevrolet/cobalt-2-door-coupe/2010
  3. https://www.iii.org/fact-statistic/facts-statistics-insurance-company-rankings

About Eric Stauffer

Author: Eric StaufferI am a former insurance agent and banker turned consumer advocate. My priority is to help educate individuals and families about the different types of insurance they need, and assist them in finding the best place to get it.

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