Save Money on GMC Acadia Insurance in Colorado Springs

Would you like an easy way to compare cheaper GMC Acadia insurance in Colorado Springs? Have you finally had enough of wondering where the money will come from to buy insurance? You are in the same boat as millions of other consumers.

It’s an obvious assumption that auto insurance companies don’t want customers comparing rates. Insureds who shop around for better prices will presumably buy a different policy because they stand a good chance of finding a lower rate. A recent survey found that consumers who routinely compared quotes saved approximately $3,450 over four years compared to those who never shopped around.

If finding the lowest price for car insurance in Colorado Springs is your ultimate objective, then learning about the best way to shop and compare cheaper coverage can help you succeed in finding affordable rates.

Numerous insurers battle for your business, and because of this it can be hard to compare insurers and uncover the absolute cheapest price on GMC Acadia insurance in Colorado Springs.

You should take the time to compare rates before your next renewal because insurance rates change frequently. Just because you found the best rate on GMC Acadia insurance in Colorado Springs a year ago you will most likely find a better price today. You can search a lot of Acadia insurance on the internet, but I’m going to show you some of the best techniques to slash your insurance rates in Colorado Springs.

Buy Colorado Springs GMC Acadia insurance online

Many insurance companies give prices on their websites. Getting online rates for GMC Acadia insurance in Colorado Springs is easy for anyone as you simply type in your coverage information as requested by the quote form. After you complete the form, the quote system sends out for information on your driving record and credit history and returns a price. This makes it simple to compare prices and it’s absolutely necessary to get many rate quotes if you want to get the cheapest price on car insurance.

To find out what other companies charge, compare rate quotes from the providers shown below. If you have a policy now, it’s recommended you type in the coverages as shown on your current policy. This ensures you will get an apples-to-apples comparison using the exact same coverages.

The companies shown below are ready to provide free rate quotes in Colorado Springs, CO. If your goal is to find the best car insurance in CO, we recommend you visit several of them to get the best price comparison.

Statistics and details

The coverage information shown next covers a range of rate quotes for GMC Acadia models. Having a good grasp of how rate quotes are determined can assist in making smart choices when selecting a policy.

Price data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium amounts do not factor in zip code location which can alter price quotes noticeably.

Where to set your deductibles

One of the hardest decisions when shopping for insurance is how high should your deductibles be. The premium rates below can help you visualize the differences in price when you choose different coverage deductibles. The first set of rates uses a $250 physical damage deductible and the second price chart uses a $500 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Estimates do not factor in specific location which can lower or raise price quotes significantly.

Using the premium rates above, we can conclude that using a $250 deductible costs roughly $14 more each month or $168 every year than opting for the higher $500 deductible. Because you would be required to pay $250 more to settle a claim with a $500 deductible as compared to a $250 deductible, if you tend to average at a minimum 18 months between claim filings, you would probably be better off if you elect the higher deductible.

Insurance rate increases from tickets or accidents

The example below shows how violations and accident claims can impact GMC Acadia yearly insurance costs for different insured age categories. The premiums are based on a married male driver, full coverage, $100 deductibles, and no discounts are factored in.

GMC Acadia liability-only versus full coverage

The information below shows the comparison of GMC Acadia insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The information is based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no discounts are taken into consideration.

When to drop comprehensive and collision

There is no set rule for eliminating full coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let’s say your GMC Acadia book value is $4,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company would pay you is $3,000 after the deductible is paid. If you are currently paying more than $300 annually for physical damage coverage, then it could be time to drop full coverage.

There are some cases where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should maintain full coverage.

Auto insurance is not optional but you don’t have to overpay

Despite the high cost, insurance is required in Colorado but also provides important benefits.

• Most states have mandatory insurance requirements which means you are required to carry specific limits of liability coverage in order to be legal. 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.
• If you have a lien on your Acadia, most banks will make it mandatory that you buy full coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your GMC for a much higher rate and force you to reimburse them for the expensive policy.
• Auto insurance preserves your vehicle and your assets. Insurance will pay for hospital and medical expenses for yourself as well as anyone injured by you. Liability insurance, one of your policy coverages, also pays for attorney fees and expenses if you cause an accident and are sued. If you have damage to your GMC as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.

The benefits of insuring your Acadia are definitely more than the cost, especially if you ever need it. The average driver in America is overpaying over $825 a year so we recommend shopping around at every renewal to make sure the price is not too high.

Why Your Insurance Prices might be higher

The best way to find cheaper auto insurance is to take a look at the different types of things that are used to determine the level of your policy premiums. If you understand what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to lower premium levels. Many factors are part of the equation when you get a price on insurance. Some are obvious such as traffic violations, but some are less obvious such as your marital status or your commute time.

• Extra policy coverages that aren’t used – There are a ton of optional add-on coverages that can add up if you aren’t careful. Things like replacement cost coverage, towing coverage, and additional equipment coverage are examples of these. These may sound like a good investment at first, but if you have no use for them think about removing them and cutting costs.
• Deter vehicle theft – Owning a car with advanced anti-theft systems can get you a discount on your auto insurance. Advanced theft deterrents such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping your car from being stolen.
• Infrequent drivers can save – Driving a lot of miles in a year the more you’ll pay to insure your vehicle. Most companies rate vehicles based upon how much you drive. Cars used primarily for pleasure use get more affordable rates than vehicles that have high annual mileage. Incorrect rating for your Acadia can result in significantly higher rates. Make sure your auto insurance policy reflects the right rating data, because improper ratings can cost you money.

• Gender and insurance coverage premiums – Statistics demonstrate that females take fewer risks when driving. It does not mean women are better drivers. Both sexes cause at-fault accidents at about the same rate, but guys cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations like DUI and reckless driving. Males from age 16 to 21 cause the most accidents so it costs more to insure them.

  The example below illustrates the difference between GMC Acadia insurance rates for male and female drivers. The rates are based on no tickets, no at-fault accidents, comp and collision included, $100 deductibles, marital status is single, and no discounts are taken into consideration.

• Do safer cars cost less to insure? – Vehicles with good safety scores tend to be cheaper to insure. Highly rated vehicles reduce occupant injuries and fewer serious injuries means less money paid by your insurance company which can result in lower premiums. If your GMC Acadia scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.

• Premiums are high for teenagers – More experienced drivers tend to be more responsible, file fewer claims, and are generally more financially stable. Teen drivers are proven to be less responsible when driving with friends therefore auto insurance rates are much higher.

  The following chart uses these variables: single driver, full coverage with $1000 deductibles, and no discounts or violations.

• Auto insurance claims cost money – If you are the type of insured that files lots of claims you can definitely plan on higher premiums or even policy non-renewal. Companies in Colorado give cheaper rates to insureds who file claims infrequently. Your insurance policy is designed for claims that pose a financial burden.

• Insurance loss data for a GMC Acadia – Car insurance companies use data from past claims when they calculate premium rates for each model. Models that the statistics show to have higher losses will have higher premium rates.

  The next table illustrates the compiled insurance loss statistics for GMC Acadia vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, without regard to make or model, equals 100. Numbers shown that are under 100 suggest a positive loss record, while values that are above 100 indicate more frequent claims or a tendency for losses to be larger than average.

  
  

  Insurance Loss Ratings for GMC Acadia Vehicles

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  GMC Acadia 4dr 2WD	75	86	73	71	69	80
  GMC Acadia 4dr 4WD	83	100	88	62	63	80

  BETTER

  AVERAGE

  WORSE

  Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Lower rates by qualifying for discounts

Auto insurance companies don’t always list their entire list of discounts in an easy-to-find place, so the list below gives a summary of a few of the more common and also the lesser-known credits available to bring down your rates.

• Professional Memberships – Belonging to specific professional or occupational memberships or organizations could earn you a nice discount on your policy.
• Defensive Driving Course – Taking time to complete a defensive driving course could save 5% or more if your company offers it.
• Save with More Vehicles Insured – Buying insurance for all your vehicles on a single policy can get a discount for every vehicle.
• Life Insurance – Some auto insurance companies give a small discount if you purchase life insurance from them.
• Seat Belts Save more than Lives – Drivers who always wear seat belts and also require passengers to buckle up before driving may be able to save a few bucks off the PIP or medical payment premium.
• Buy New and Save – Buying coverage on a new vehicle is cheaper due to better safety requirements for newer models.
• Lower Rates for Military – Being deployed in the military may lower your prices slightly.
• Discount for Multiple Policies – When you combine your auto and homeowners insurance with the same company you could earn a discount of nearly 15% which can help you find low cost GMC Acadia insurance.
• Smart Student Discounts – Getting good grades may save you up to 25%. You can use this discount normally well after school through age 25.

Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire cost. A few only apply to specific coverage prices like comprehensive or collision. Despite the fact that it seems like you would end up receiving a 100% discount, you won’t be that lucky. But all discounts should help reduce the cost of your policy.

The chart below shows the comparison of GMC Acadia insurance costs with and without discounts. The rate quotes are based on a female driver, a clean driving record, no claims, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, homeowner, multi-policy, claim-free, marriage, and multi-car discounts applied.

To see a list of insurance companies with the best discounts in Colorado, click this link.

Which is the best car insurance?

When quoting and comparing the best car insurance coverage, there really is no one-size-fits-all type of policy. Your situation is unique and your car insurance should unique, too.
These are some specific questions can aid in determining if your insurance needs might need professional guidance.

• How can I get my company to pay me more for my totaled car?
• Should I carry comprehensive and collision coverage?
• Is pet coverage available?
• Is my camper covered by my car insurance policy?
• How much liability coverage do I need in Colorado?
• Do I have newly-acquired coverage?
• What states are considered no-fault?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Car insurance agents are professional risk managers

Some people would prefer to talk to an insurance agent. A good thing about comparing insurance online is the fact that drivers can get cheap rate quotes and still have an agent to talk to.

By using this short form, your insurance data is submitted to insurance agents in Colorado Springs who will give competitive quotes for your coverage. You won’t need to contact any insurance agencies because quoted prices will be sent directly to your email. You can find lower rates and a licensed agent to work with. In the event you want to get a rate quote from a specific insurance company, you can always jump over to their website to submit a rate quote request.

Selecting an insurance company is decision based upon more than just a cheap price. Some important questions to ask are:

• Where would glass claims be handled in Colorado Springs?
• Does their agency support local causes in Colorado Springs?
• Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
• Which companies can they place coverage with?
• What kind of financial rating does the company have?
• Do they have cheaper tiers of coverage?
• Can they provide you with a list of referrals?
• How long have they been in business?

When looking for an insurance agent, there are a couple of different types of agents that you can choose from. Insurance agencies in Colorado Springs are categorized either exclusive or independent.

Exclusive Agencies

These type of agents work for only one company and examples are Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to shop your coverage around so always compare other rates. Exclusive agencies are trained well on sales techniques which helps them compete with independent agents.

Below are exclusive insurance agents in Colorado Springs who may provide you with rate quotes.

More Colorado Springs agents

Independent Agents (or Brokers)

Independent agents do not write with just one company and that is an advantage because they can write policies through many companies and find the cheapest insurance rates. If your agent finds better pricing, your policy is moved internally and that require little work on your part. When comparing rate quotes, you need to check rates from independent agents for maximum quote selection.

The following are Colorado Springs independent insurance agencies that are able to give price quotes.

More Colorado Springs agents

After you get acceptable answers to any questions you have and locked in a price quote, chances are good that you have found an insurance agent that meets the criteria to provide insurance coverage.

Don’t give up on cheaper coverage

Lower-priced GMC Acadia insurance in Colorado Springs can be purchased from both online companies and also from your neighborhood Colorado Springs agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not provide internet price quotes and usually these regional carriers work with independent agents.

When searching for the cheapest GMC Acadia rate quotes, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where an insured cut collision coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage for the lowest price, but do not skimp to save money.

Steps to buying cheaper GMC Acadia insurance in Colorado Springs

The recommended way to find cheaper quotes for GMC Acadia insurance is to make a habit of comparing prices annually from different companies who provide auto insurance in Colorado Springs. Price quotes can be compared by following these guidelines.

1. It will benefit you to learn about auto insurance and the measures you can control to keep rates low. Many rating factors that cause rate increases such as traffic citations, accidents, and poor credit rating can be rectified by being financially responsible and driving safely.
2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can quote rates from multiple sources.
3. Compare the price quotes to the premium of your current policy and determine if there is any savings. If you can save money and change companies, verify that coverage does not lapse between policies.
4. Notify your company or agent to cancel your current coverage. Submit the completed application along with a down payment for your new policy. As soon as you have the new policy, store the proof of insurance certificate in an easily accessible location in your vehicle.

An important note is that you use the same deductibles and limits on each quote request and and to get price quotes from as many different insurance providers as possible. Doing this enables an apples-to-apples comparison and many rates to choose from.

Even more information is available in the articles below:

• Preventing Carjacking and Theft (Insurance Information Institute)
• Who Has the Cheapest Car Insurance Quotes for a Chevrolet Silverado in Colorado Springs? (FAQ)
• Who Has Cheap Car Insurance for Drivers with Bad Credit in Colorado Springs? (FAQ)
• Who Has Cheap Car Insurance Quotes for Teachers in Colorado Springs? (FAQ)
• How Much are Auto Insurance Quotes for Active Military in Colorado Springs? (FAQ)
• Choosing a Car for Your Teen (State Farm)
• Auto Theft Statistics (Insurance Information Institute)
• Should I Buy a New or Used Car? (Allstate)
• What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)