Car Insurance Quotes for the Chevrolet Cobalt

Chevrolet stopped manufacturing the Cobalt in 2020. Many still drive this compact sedan, though, and annual premiums for it stand at around $1,092 for minimum liability coverage and $2,064 for full auto insurance coverage. A full coverage auto policy for a Cobalt will cost you much more than a similar compact car, even a newer one.

Freeway Insurance offers affordable auto insurance plans that fit your needs and budget. Our agents are ready to help you find the best policy for your Cobalt at the best possible rate.

If you’re looking to insure your Cobalt, you can choose between several types of policies, including a state-required minimum liability policy or a full coverage one.

A policy offering minimum liability coverage meets state-mandated insurance requirements — and that’s it. If you cause a crash that exceeds the amounts listed on your policy, you have to pay the remaining balance and all of your own costs associated with the wreck out of pocket.

A full coverage policy provides more than a basic one. In addition to liability insurance, it also includes collision, which kicks in to pay for damages caused to your vehicle regardless of fault, and comprehensive, which pays to repair damages caused by vandalism or a weather-related event.

Full Coverage

Under a full coverage policy, liability, comprehensive, and collision coverage protect you financially if you cause a crash.

In that situation, the liability portion takes care of any medical bills or damage claims filed by others involved. It won’t take care of your losses, but your collision coverage will, paying to repair or replace your car in any kind of crash — whether you caused it or someone else did.

Comprehensive takes care of damages that aren’t related to a crash. If your Cobalt is vandalized, for example, or gets damaged during a storm, comprehensive pays to have it repaired.

State Minimum Liability

States require drivers to have a minimum amount of liability coverage on the road. This ensures that every driver is financially responsible for a crash they cause, paying to treat bodily injuries and any property damages that result.

Requirements vary by state. Virginia, for example, has a 30/60/20 minimum liability requirement. That means a basic policy in Virginia must provide up to $30,000 to medically treat one person hurt in the crash that the driver with the basic policy caused, with up to $60,000 to cover two or more injured persons. The policy must also include $20,000 to cover property damage.

Several factors influence how much you’ll pay to insure your car. Here’s a closer look at some of the most common ones.

Loss Probability

Many vehicles end up in crashes, and these crash reports generate statistics that insurers use to determine loss probability. To get an auto policy for your Cobalt, for example, an insurer would look at how often other vehicles of this make and model have crashed in the city or region where you live and drive. This includes the extent of damage this car typically experiences.

Vehicle Safety Ratings

How well a vehicle performs during crash tests gives insurers insight into how safe it will be on the road. The better it performs, the safer it is, and this typically means you’ll pay a lower premium.

When safety tested, models of the Cobalt didn’t perform very well. The Insurance Institute for Highway Safety found that the 2005, 2006, 2007, and 2008 models had the highest fatality rate among the compact, four-door car class.

The 2009 model was recalled six times, according to the National Highway Traffic Safety Administration, which is likely a reason why annual premiums for this car tend to be high.

Vehicle Age

The 2020 Cobalt was the last model manufactured. Because this car is no longer produced, replacement parts are likely harder to find. In that case, repairs cost more, which can drive premiums up.

If you’re convicted of driving your Cobalt under the influence of drugs or alcohol, your annual insurance premium will likely skyrocket. That’s because your insurer will consider you highly risky behind the wheel and a danger on the road.

So, instead of $2,064 per year, your auto policy will cost you much more, increasing by a certain percentage, depending on the circumstances surrounding your traffic stop. This higher rate will hold for at least three years when a DUI infraction typically clears from a driving record.

Introduced in 2004 to replace two compact cars in the Chevrolet lineup, the Cobalt had a 16-year run, with production ceasing in 2020. Two-door coupe and four-door sedan versions of this vehicle were made along with a sports edition called the Cobalt SS.

Throughout its history, this vehicle didn’t fare very well in safety tests, with several model years experiencing recalls for failing to meet federal safety standards. In 2007, for example, 98,000 Cobalt coupes sold between 2005 and 2006 were recalled because this specific trim lacked adequate padding that could cause head injuries if drivers were involved in a crash. Similar recalls took place in 2010, 2012, and 2014 for power steering problems, potential fuel leak issues, and faulty ignition switches.