Vehicle owners who just recently started comparing auto insurance rates on the web will discover purchasing the cheapest Buick Regal insurance in Colorado Springs is harder than they anticipated.
How to save on Buick Regal insurance in Colorado Springs
It takes a few minutes, but the best way to get more affordable Buick Regal insurance in Colorado Springs is to regularly compare price quotes from providers who provide auto insurance in Colorado.
- First, try to understand how insurance works and the things you can change to drop your rates. Many rating factors that are responsible for high rates such as speeding tickets, accidents and a not-so-good credit rating can be improved by making minor driving habit or lifestyle changes. Keep reading for ideas to help prevent costly coverage and find hidden discounts.
- Second, get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can give quotes from one company like GEICO or Farmers Insurance, while independent agencies can quote prices for many different companies. View a list of agents
- Third, compare the quotes to the premium of your current policy to see if a cheaper price is available. If you find better rates and decide to switch, ensure coverage does not lapse between policies.
- Fourth, notify your current company of your decision to cancel your current car insurance policy and submit a completed policy application and payment to the new company. As soon as coverage is bound, keep the new certificate verifying proof of insurance in your vehicle.
One piece of advice is to compare similar deductibles and liability limits on each quote request and and to get prices from as many different companies as possible. This ensures the most accurate price comparison and the best price selection.
Smart shoppers know that car insurance companies don’t want their policyholders to compare prices. Drivers who rate shop once a year are very likely to buy a new policy because there is a high probability of finding better rates. A recent auto insurance study revealed that consumers who made a habit of comparing rates saved over $3,400 over four years compared to other drivers who never compared other company’s rates.
If saving money on car insurance is your ultimate objective, then having a grasp of how to compare insurance coverage can help you be more efficient.
Quoting and comparing rates for the cheapest policy in Colorado Springs is not as hard as you may think. In essence, every driver who compares rates for car insurance should find a lower-cost policy. Nevertheless, Colorado vehicle owners must understand the methods companies use to sell online because rates are impacted by many factors.
Where can I get cheap Colorado Springs Buick Regal insurance?
When shopping for inexpensive Colorado Springs car insurance quotes, there are a couple of ways to compare rate quotes from companies that offer car insurance in Colorado. The quickest method to lower the rate you pay for insurance is simply to get online rate quotes.
When comparing car insurance rates, know that obtaining a wide range of quotes helps improve the odds of finding lower pricing.
The companies shown below are our best choices to provide quotes in Colorado Springs, CO. If you want cheap car insurance in CO, we suggest you get prices from several of them to get the best price comparison.
Why insurance is not optional
Despite the high insurance cost for a Buick Regal in Colorado Springs, insuring your vehicle may be required for several reasons.
First, most states have minimum liability requirements which means the state requires a minimum amount of liability in order to drive the car legally. In Colorado 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.
Second, if you have a lien on your Regal, most lenders will require you to carry insurance to ensure the loan is repaid in case of a total loss. If you do not keep the policy in force, the bank may buy a policy for your Buick at a much higher rate and force you to pay a much higher amount than you were paying before.
Third, insurance protects both your Buick and your personal assets. It will also pay for medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, your insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of buying insurance more than offset the price you pay, especially when you need to use it. But the average American driver is currently overpaying as much as $855 a year so compare rate quotes once a year at a minimum to make sure the price is not too high.
How to Lower Your Insurance Prices
An important part of buying insurance is that you know some of the elements that play a part in calculating the level of your policy premiums. When you know what positively or negatively determines premiums, this allows you to make educated decisions that may reward you with lower rates.
The factors shown below are a few of the things used by your company to calculate your rates.
Job stress can make you pay more – Jobs such as real estate brokers, architects, and accountants generally pay the highest rates due to intense work-related stress and extremely grueling work hours. On the other hand, careers like scientists, historians and performers generally pay rates lower than average.
Single drivers take more risk – Having a spouse helps lower the price compared to being single. Having a spouse translates into being more mature and insurance companies like that being married results in fewer claims.
Age of drivers – Drivers with little experience have been known to be inattentive in a vehicle so they pay higher insurance rates. More experienced drivers are shown to be more cautious, cause fewer claims and accidents, and tend to be get fewer driving tickets.
Put fewer miles on your vehicle – The more you drive your Buick every year the more you will pay for insurance. Many insurance companies apply a rate based upon how the vehicle is primarily used. Vehicles left parked in the garage qualify for better rates than cars that get driven a lot. Incorrect rating for your Regal may be costing you. Ask your agent if your vehicle rating properly reflects the correct usage, because improper ratings can cost you money.
Liability coverage – Your insurance policy’s liability coverage will afford coverage if you are responsible for damages from an accident. This coverage provides for a legal defense which can cost thousands of dollars. Liability is cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.
High policy claims frequency drives up premiums – Companies in Colorado award discounts to policyholders who only file infrequent claims. If you are a frequent claim filer, you can expect either higher rates or even cancellation. Auto insurance is designed for the large, substantial claims.
Buick Regal claim statistics – Insurance companies use statistical claims data when setting premium prices. Models that are shown to have increased claim numbers or amounts will have higher premium rates. The data below shows the insurance loss data for Buick Regal vehicles.
For each type of coverage, the claim amount for all vehicles, regardless of manufacturer or model, is considered to be 100. Numbers that are below 100 are indicative of better than average losses, while values over 100 indicate more frequent losses or an increased chance of larger losses than average.
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Buick Regal 2WD||96||92||82||104||94||97|
|Buick Regal 4WD||113||87|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Compare rates regularly to save
You just learned quite a bit of information on how to shop for Buick Regal insurance online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding low cost Colorado Springs car insurance quotes. You may even be surprised to find that the lowest prices are with a small mutual company.
Affordable Buick Regal insurance in Colorado Springs can be purchased online as well as from independent agents in Colorado Springs, so get free Colorado Springs car insurance quotes from both of them in order to have the best chance of saving money. There are still a few companies who do not provide the ability to get quotes online and usually these smaller providers work with local independent agencies.
As you quote Colorado Springs car insurance, it’s a bad idea to sacrifice coverage to reduce premiums. There have been many situations where an insured cut physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The goal is to buy a smart amount of coverage at the best possible price and still be able to protect your assets.
How to save on Buick Regal insurance in Colorado Springs
The best way to find cheaper quotes for Buick Regal insurance is to make a habit of comparing prices annually from insurance carriers in Colorado Springs.
First, it will benefit you to learn about individual coverages and the steps you can take to keep rates down. Many policy risk factors that cause high rates like at-fault accidents, careless driving, and poor credit history can be improved by making minor changes to your lifestyle.
Second, get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from a single company like Progressive and State Farm, while agents who are independent can quote rates for a wide range of companies. Find a Colorado Springs insurance agent
Third, compare the new rates to the price on your current policy and determine if there is any savings. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
Fourth, give notification to your agent or company of your intent to cancel your current policy and submit payment and a completed application to your new carrier. Immediately upon receiving it, store the proof of insurance paperwork in your glove compartment.
The key thing to remember is to compare identical coverages on every quote and and to compare every company you can. Doing this guarantees an accurate price comparison and a complete price analysis.
More detailed auto insurance information can be read in the articles below:
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a 20 Year Old Male? (FAQ)
- What is a Telematics Device? (Allstate)
- A Tree Fell on Your Car: Now What? (Allstate)