Chevrolet Cobalt Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A Chevrolet Cobalt is less expensive to insure than the average car.

• Full coverage auto insurance for a Cobalt tends to be around $165 a month, on average, while liability only insurance normally averages about $85 per month.

• The most affordable car insurance company for a Cobalt is Hugo, who offers Cobalt owners prices sometimes as cheap as $28 monthly.

Cobalt Overview

With base prices starting at just $14,990 for 2010 models, the Chevrolet Cobalt is a great car for all budgets. There are five different trim levels currently offered, so there's an option for every driver.

We ran through thousands of insurance quotes on Compare.com, and we've determined that average Chevrolet Cobalt auto insurance rates run around $122 a month. But how does that compare to other similar cars on the market?

How Much is Car Insurance for a Chevrolet Cobalt?

You can see in the table above that when you compare the Chevrolet Cobalt to other vehicles, insurance premiums are right about average. On average, Cobalt drivers will pay around $85 per month for liability insurance, and about $165 a month for full coverage, which has comprehensive and collision coverages in addition to liability (learn more about the difference with our guide "State Minimum vs. Full Coverage").

Comparing it to other Chevrolet models, the Cobalt's insurance price is matches the rest of the automaker's vehicle offerings. Compared to offerings from other brands, insurance for a Cobalt runs close to average, with full coverage insurance prices $12 cheaper than other cars and liability insurance rates coming in at $2 higher.

The same can be said, that the Cobalt's car insurance premiums run around average, when comparing the Chevrolet Cobalt to vehicles of any body type, no matter what make, model, or body style they are.

Who has the Cheapest Car Insurance for a Chevrolet Cobalt?

If you're looking for an auto insurance policy for a Chevrolet Cobalt, you're likely interested in which carrier offers the most affordable prices. Even though costs will typically be pretty different from between drivers, Hugo offers the cheapest average rates for liability only coverage, with rates as cheap as just $28 monthly. The runner up for lowest rates is Ohio Mutual, with auto insurance policies starting as low as $34 per month.

Completing the top 5 carriers are Fiesta, Safeway, and Aspire. But just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Insurance carriers use multiple different things and complex formulas to calculate premiums. Since every driver is different, there's only one way to make sure you get the most affordable premiums, and that's by getting personalized quotes and comparing rates from many insurance companies.

What Factors Affect Car Insurance Rates for a Chevrolet Cobalt?

As we mentioned above, there are a lot of variables that auto insurance carriers take a look at to calculate how much they charge for a policy -- and each company weighs different pieces more heavily than others, so there's not just one carrier that's the lowest for every Cobalt driver.

Here are just a few of the factors car insurers will look at, with individual breakdowns of how each one affects your rates:

Vehicle Age

The Chevrolet Cobalt has been around for a while, so vehicle age may play a big role in what you end up paying for car insurance. Normally, older cars will be cheaper to insure because they're worth less than newer models, and as cars get older, insurance costs will gradually go lower.

A new Chevrolet Cobalt model hasn't been added to the market for over 5 years, so there isn't data to analyze this trend. However, as you can see in the table above, the cheapest Chevrolet Cobalts to insure are those that are 2 to 3 years old, while the most expensive models are Cobalts that are 11 to 14 years old, on average.

Your Age

Age makes a difference in how much you pay for insurance. As you can see above, teenage Cobalt drivers have higher rates compared to drivers who have more experience on the road. In this case, drivers under 18 pay more than twice as much as those 25 or older.

Car insurance prices continue to go down as you get older, with the cheapest age group being 55-64 for Cobalt drivers.

Your Gender

You may not know, but men generally pay more for car insurance than women do. This is because men are more likely to get speeding tickets and get into accidents, which raises the chances of an insurance claim. When it comes to Cobalt drivers specifically, men pay about 2% more than women monthly for auto insurance.

Where You Live

You may already know that variables like how old you are and what vehicle you drive play a role in your insurance prices, but you may not realize that where you live can be just as important. Because car insurance is regulated on a state-by-state basis, premiums can vary quite a bit from state to state.

For example, the average Chevrolet Cobalt owner in New York pays around $144 per month for liability coverage. Meanwhile, on average, the same Californian driver will pay less than half of that price. The chart above shows average prices for the 10 largest states by population, just to give you a good idea of how much premiums can change between states.

Chevrolet Cobalt Car Insurance Discounts

Whatever your age, your car, or your home state, using as many discounts as possible when it comes to your auto insurance is always important when shopping around for a new policy.

Not every insurance company will offer the same discounts, but there are a few that are relatively universal. These include things like:

• Defensive driving discounts for drivers who take a defensive driving class through a certified school or institution
• Multi-vehicle discounts for having more than one car on your auto policy
• Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher safety ratings
• Multi-policy discounts for using the same insurance carrier for both your home and car insurance

There are all sorts of other discounts out there for saving money on your car insurance. Sometimes, the best rates come from simply having a favorable insurance profile, which means not having any recent insurance claims or just having a clean driving record.

While you don't have control over every factor auto insurance companies examine to calculate rates (like some of the ones mentioned above), there are quite a few that are in your control. Below are just a few of the ones you can use in your favor in order to save on insurance:

Your Driving Record

You've probably seen ads from auto insurance carriers posting hefty discounts for responsible drivers. It should be no surprise that your car insurance premiums will go higher if you get into a collision or get tickets for speeding. But you're probably wondering exactly how much these infractions will cost you.

If you look at the table above, you'll see that accidents will usually cost Cobalt drivers more than tickets, but both will result in above average rates. Chevrolet Cobalt drivers with a single accident on their record pay an average of $101 every month (up $16 from the $85/mo. overall average), while drivers with one ticket will pay about $92 a month. Those with more than one of either violation will end up paying even more.

How Much You Drive

Another variable you have control over is the total distance you drive annually. Those who drive less often have fewer opportunities to get into an accident, so they'll usually end up spending less on insurance. In the table above, you can see that Chevrolet Cobalt owners who drive 10,000 miles or more pay $87 for auto insurance, while those who drive fewer than 2,500 miles each year pay about $77 per month.

But if you don't use your Chevrolet Cobalt to travel or commute regularly, it may be worth getting pay-per-mile or usage-based car insurance. With these plans, you pay a small monthly amount, and your final monthly bill is calculated based on how many miles you drove.

How Do Chevrolet Cobalts Compare to Other Vehicles?

If you're thinking about making a Chevrolet Cobalt your next purchase, it can pay off to do your due diligence. Auto insurance is just one cost that comes with a new car purchase, but it's guaranteed to be one that's worth thinking about carefully.

Visit the table below to see how the Chevrolet Cobalt compares:

Overall, the Chevrolet Cobalt is a fantastic value when it comes to price, with an MSRP that's a third less than the going rate for a new vehicle. The Cobalt starts at $14,990, which is much cheaper than the national average vehicle MSRP of $29,720. And since there hasn't been a new Cobalt model on the market in the last few years, used prices will be even more affordable.

Although the purchase price is on the cheaper end of the spectrum, auto insurance prices are slightly higher when compared to other vehicles on the market. Liability insurance for a Chevrolet Cobalt is about $8 per month more than average, while full coverage is $2 less monthly.

When it comes to usage, Chevrolet Cobalt owners drive about the same amount annually as the national average, with 11,660 miles per year for all vehicles compared to the Cobalt's 12,048 a year.

Chevrolet Cobalt Car Insurance Costs by Model Year

Thus far, you've seen how different factors affect how much the average driver pays for insurance. If you're considering buying a new Cobalt, knowing what you can expect to pay is extremely valuable as you weigh your choices.

So we've done the heavy lifting and analyzed Chevrolet Cobalt car insurance rates by model year. Choose a specific Cobalt model year in the dropdown below and see average rates for both full coverage and liability only insurance, as well as some other helpful info, such as cheapest insurance company available trims for each year the Cobalt has been around.

2010 Chevrolet Cobalt Car Insurance

On average, drivers who own a 2010 Chevrolet Cobalt can expect to pay $89 to $167 a month for liability only and full coverage insurance, respectively.

With premiums as little as just $17 per month, MetroMile offered the cheapest policy we found.

If you want to know exactly how much you can expect to pay for your Cobalt, get free quotes in minutes by just entering your ZIP code below.

2009 Chevrolet Cobalt Car Insurance

The average cost to insure a 2009 Cobalt with liability only coverage is $85 monthly, while full coverage runs around $172 a month.

We found Gainsco offered the most affordable policy, with rates as low as just $19 monthly.

Want to know exactly what your car insurance premium will be? Get a variety of personalized quotes for free by just entering your ZIP code below.

2008 Chevrolet Cobalt Car Insurance

2008 Chevrolet Cobalt drivers can expect to pay an average of $85 per month for liability or $165 for full coverage.

If you're looking for the most affordable 2008 Chevrolet Cobalt insurance policy, Ohio Mutual offered the lowest policy we found, with rates sometimes as low as $16 a month.

While these are good estimates of what the average driver might pay to insure a 2008 Chevrolet Cobalt, these prices might differ based on your driver profile. Get free personalized quotes in minutes by just entering your ZIP code below.

2007 Chevrolet Cobalt Car Insurance

You can expect full coverage for a 2007 Cobalt to run about $158 monthly, while liability only coverage will average around $84 a month.

Looking for the cheapest policy? ACG offered liability only coverage for as cheap as $18 per month.

If you want to find the best rates for auto insurance for a 2007 Chevrolet Cobalt, enter your ZIP code below and compare a whole range of personalized quotes in just a few minutes.

2006 Chevrolet Cobalt Car Insurance

It costs about $85 monthly for liability or $166 for a full coverage policy for the 2006 Chevrolet Cobalt.

With prices as little as $17 per month, MetroMile offered the lowest policy we found for the 2006 Chevrolet Cobalt.

Want something more accurate than nationwide averages? Get several free customized quotes by just entering your ZIP code below.

2005 Chevrolet Cobalt Car Insurance

2005 Cobalt drivers can expect to pay an average of $86 a month for liability or $156 for full coverage.

Kemper has premiums sometimes as little as $17 monthly for the 2005 Chevrolet Cobalt.

And if you want more accurate rates tailored specifically to you, just enter your ZIP code below and get free quotes in minutes.

Chevrolet Cobalt Insurance FAQs

Is a Chevrolet Cobalt expensive to insure?

When compared to the national average of all vehicles, rates come in on the lower end of the spectrum. Liability insurance runs an average of $85 per month, while full coverage will cost you around $165.

How can I get the best price on car insurance for my Chevrolet Cobalt?

The only way to ensure you're getting the most affordable price on car insurance is to regularly shop around and compare quotes from a variety of companies. Over time, your driver profile changes, so it's a good rule of thumb to review quotes every 6 months or so. Luckily, sites like Compare.com let you compare prices from lots of carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) for free.

Does the color of my Chevrolet Cobalt affect my insurance rates?

Have you heard the old adage that red cars cost more to insure than cars of other colors before? Well, that's actually a myth. There are lots of things insurance companies use when they calculate how much your policy will be, but the color of your Chevrolet Cobalt isn't one of them.

Do I need to have insurance before I buy a Chevrolet Cobalt?

You'll need to have valid auto insurance for your Cobalt before you can legally drive your it off the dealership lot. Some dealerships will offer you one during the purchase process, but the easiest thing to do is to let your car insurance carrier know beforehand.

What car insurance discounts can I get for my Chevrolet Cobalt?

There are a variety of discounts out there when it comes to insurance. Many of them (like "pay-in-full discounts" and "multi-policy discounts") are more based on you than the car you drive, but if your Cobalt has safety features like airbags, anti-theft systems, anti-lock brakes, and other features, it may qualify for certain discounts. The only way to know is to contact your insurance company and ask about which discounts they offer, since they change quite a bit from carrier to carrier.