It's a known fact that auto insurance companies don't want policyholders to shop around. Drivers who get price comparisons will probably switch auto insurance companies because they have a good chance of finding a lower-priced policy. Surprisingly, a recent survey revealed that people who compared prices once a year saved an average of $865 annually as compared to drivers who never compared prices.
If finding the best price on auto insurance is your objective, then learning a little about the best way to quote and compare cheaper coverage can make it easier to find better rates.
The recommended way to get budget Chevy Cruze insurance in Colorado Springs is to start doing a yearly price comparison from providers who provide auto insurance in Colorado. Rates can be compared by following these guidelines.
- It will benefit you to learn about how car insurance works and the steps you can take to keep rates low. Many things that result in higher rates such as speeding tickets, careless driving and a negative credit history can be controlled by making minor changes in your lifestyle.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from one company like GEICO and State Farm, while independent agencies can provide rate quotes from multiple companies. Start a quote
- Compare the new rates to the price on your current policy to determine if you can save on Cruze insurance. If you find a better price and change companies, ensure there is no coverage lapse between policies.
- Notify your company or agent of your intention to cancel your current car insurance policy. Submit the completed application along with a down payment for the new coverage. As soon as you receive it, place your new proof of insurance certificate with your registration paperwork.
An important part of this process is that you'll want to make sure you compare similar deductibles and liability limits on each quote and and to get rate quotes from as many auto insurance providers as possible. Doing this guarantees the most accurate price comparison and a complete price analysis.
This article's goal is to teach you the best way to quote coverages and also pocket some savings If you have a current car insurance policy, you should be able to save money using these techniques. You just have to learn the proper way to compare price quotes online from multiple companies.
The companies shown below can provide comparison quotes in Colorado Springs, CO. If you want to find cheap auto insurance in Colorado, it's a good idea that you visit two to three different companies to get a more complete price comparison.
Car insurance protects more than just your car
Even though it's not necessarily cheap to insure a Chevy in Colorado Springs, car insurance is not optional due to several reasons.
First, almost all states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection if you want to drive 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 bought your Chevy Cruze with a loan, it's guaranteed your bank will make it mandatory that you have comprehensive coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the bank may buy a policy for your Chevy at an extremely high rate and force you to pay for the expensive policy.
Third, car insurance protects both your Chevy and your assets. It also can pay for hospital and medical expenses incurred in an accident. As part of your policy, liability insurance will also pay attorney fees if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and/or collision insurance will pay to repair the damage minus the deductible amount.
The benefits of insuring your Cruze are definitely more than the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer is overpaying over $825 a year so you should quote rates at least once a year to help ensure money is not being wasted.
Informed Drivers Know How to Get Insurance More Affordably
Part of the insurance buying process is learning some of the factors that are used to determine insurance rates. If you have some idea of what controls the rates you pay, this enables you to make decisions that may reward you with lower rates. Multiple criteria are used in the calculation when pricing auto insurance. Some are obvious like a motor vehicle report, but other criteria are not quite as obvious such as your marital status or how safe your car is.
Listed below are some of the most rate-impacting factors utilized by car insurance companies to help set rates.
- Younger driver insurance premiums - Older drivers have been proven to be more responsible, are lower risk to insure, and are safer drivers. Inexperience drivers are proven to be more careless when behind the wheel so they pay higher insurance rates.
- Policy add-ons add up - Insurance companies have many optional add-on coverages that can add up if you aren't diligent. Coverages for coverage for rental cars, towing, and additional equipment coverage may not be needed and are just wasting money. These may sound like a good investment at first, but your needs may have changed so remove them from your policy.
- Pay more of a claim out-of-pocket - Physical damage protection, also called 'full coverage', insures against damage to your Chevy. Some examples of claims that would be covered could be a windshield shattered by a rock, damage from fire, and having your car stolen. Comp and collision deductibles define how much you are willing to pay if a covered claim is submitted. The more of the claim the insured has to pay upfront, the lower your rates will be.
- Rates increase with driving citations - Having a single speeding ticket or other violation can increase the cost of insurance forty percent or more. Good drivers tend to pay less for car insurance as compared to careless drivers. Drivers who have received careless violations such as DUI or willful reckless driving are required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.
- Your gender affects prices - The statistics show that women are safer drivers than men. It does not mean men are WORSE drivers than women. Women and men cause fender benders in similar percentages, but males get into accidents with more damage. Men also statistically get ticketed for serious violations like DUI and reckless driving.
- Prices go up with performance - The performance level of the car you are trying to find cheaper insurance for makes a significant difference in how high your rates are. Lower cost passenger cars generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.
- Urban residents pay more - Choosing to live in less populated areas is a good thing when it comes to insurance. Lower population means fewer accidents and lower theft and vandalism rates. People who live in big cities regularly have more road rage incidents and a longer drive to work. Spending more time driving means a statistically higher chance of an accident.
Insurance loss data for Chevy Cruze vehicles - Insurance companies factor in insurance loss information to determine a price that will be profitable for them. Models that historically have increased losses will be charged more to insure. The table shown below demonstrates the insurance loss data for Chevy Cruze vehicles.
For each policy coverage type, the statistical loss for all vehicles, regardless of make or model, is a value of 100. Percentage numbers below 100 are indicative of better than average losses, while values that are 100 or greater indicate more frequent claims or a tendency for claims to be larger.
Chevrolet Cruze Insurance Claim Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Cruze 96 132 87 136 153 152BETTERAVERAGEWORSE
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How do I know if I need professional advice?
When it comes to the best car insurance coverage, there really isn't a single plan that fits everyone. Your needs are not the same as everyone else's so your insurance should reflect that These are some specific questions may help highlight if you would benefit from an agent's advice.
- Does every company file a SR-22 automatically?
- Does my car insurance cover rental cars?
- What does medical payments coverage do?
- Should I drop comprehensive coverage on older vehicles?
- Am I covered when driving in Canada or Mexico?
- Are split liability limits better than a combined single limit?
- Can I afford to buy a different vehicle if my Chevy Cruze is totaled?
- Does coverage follow the driver or the vehicle?
- When should I not file a claim?
If you don't know the answers to these questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It's fast, doesn't cost anything and you can get the answers you need.
Be persistent to save money
While you're price shopping online, don't be tempted to skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced comprehensive coverage or liability limits and found out when filing a claim that it was a big mistake. Your objective should be to buy the best coverage you can find at the best price.
We've covered many ways to find cheaper Chevy Cruze insurance in Colorado Springs. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the lowest priced insurance comes from a smaller regional carrier. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.
Additional information is located at the links below
- Auto Insurance 101 (About.com)
- Who Has Affordable Colorado Springs Auto Insurance for Nurses? (FAQ)
- How Much is Auto Insurance for Teenagers in Colorado Springs? (FAQ)
- How Much is Auto Insurance for Low Credit Scores in Colorado Springs? (FAQ)
- What Insurance is Cheapest After a Speeding Ticket in Colorado Springs? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for a Toyota Camry? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- Bodily Injury Coverage (Liberty Mutual)
- Coverage Information (Progressive Insurance)
- Information for Teen Drivers (GEICO)