Want a free price quotes on more affordable Chrysler 300 insurance in Colorado Springs? Nobody I know likes buying car insurance, especially when they could lower their rates if they shopped around.
Anyone knows that car insurance companies don’t want you quoting rates from other companies. Drivers who shop around once a year will, in all likelihood, buy a new policy because they have a good chance of getting low-cost coverage. A recent survey found that drivers who compared prices regularly saved approximately $3,500 over four years compared to drivers who never shopped around for better prices.
If finding budget-friendly rates on Chrysler 300 insurance is the reason you’re reading this, then having a grasp of how to compare insurance can make it easier for you to save money. Consumers have so many insurance companies to purchase coverage from, and even though it’s nice to have a selection, it makes it harder to get the best deal for Chrysler 300 insurance in Colorado Springs.
Consumers need to compare premium rates every six months because insurance rates go up and down regularly. Just because you found the best premium rates on Chrysler 300 insurance in Colorado Springs at your last renewal you may be paying too much now. Block out anything you think you know about car insurance because we’re going to demonstrate the easiest way to buy cheaper Chrysler 300 insurance in Colorado Springs.
The purpose of this post is to familiarize you with how car insurance companies work. If you currently have insurance, you will surely be able to find better prices using the techniques presented in this article. Drivers just have to learn the most efficient way to find the lowest price online from multiple companies.
Lower Your Colorado Springs Insurance Rates
An important part of buying insurance is that you know the different types of things that help calculate the price you pay for car insurance. When consumers understand what influences your rates, this allows you to make educated decisions that may reward you with lower rates. Lots of factors are used when quoting car insurance. Some factors are common sense like your driving record, although some other factors are not as apparent like your continuous coverage or your commute time.
- Having a spouse can lower rates – Being married may cut your premiums compared to being single. It may mean you are more mature and insurance companies reward insureds because married drivers get in fewer accidents.
- More people means more accidents – Choosing to live in a rural area has definite advantages when shopping for auto insurance. People in densely populated areas have more auto accidents and longer commute times. Lower population corresponds to lower accident rates and also fewer theft and vandalism claims.
- Filing car insurance claims can cost you more – Companies in Colorado give most affordable rates to policyholders who only file infrequent claims. If you frequently file small claims, you can expect either a policy non-renewal or much higher rates. Your insurance policy is intended for more catastrophic claims.
- Miles driven impacts prices – The more you drive your Chrysler in a year the higher the price you pay to insure it. Almost all companies price each vehicle’s coverage based upon how you use the vehicle. Vehicles not used for work or commuting receive better premium rates than cars that get driven a lot. An incorrectly rated 300 may be costing you higher rates. It’s a good idea to make sure your declarations sheet reflects how each vehicle is driven, because improper ratings can cost you money.
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Prices go up with performance – The make and model of the car you are buying insurance for makes a big difference in determining your rates. The most favorable rates are usually found on small economy passenger cars, but many other things help determine your insurance rates.
The following chart assumes a single female driver age 40, full coverage with $100 deductibles, and no discounts or violations. It illustrates Chrysler 300 rates compared to other makes and models that have different performance rating factors.
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Insurance losses for a Chrysler 300 – Insurance companies use claims history when determining insurance rates. Vehicles that are shown to have increased losses will cost more for specific coverages.
The next table illustrates the insurance loss data used by companies for Chrysler 300 vehicles. For each type of coverage, the loss probability for all vehicles, without regard to make or model, equals 100. Values under 100 represent a good loss history, while numbers above 100 indicate more frequent claims or tendency to have larger claims.
Chrysler 300 Insurance Claim Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chrysler 300 2WD 115 103 178 134 136 114 Chrysler 300 4WD 109 100 206 113 96 104 Chrysler 300 HEMI 125 96 225 105 114 117 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Cutting your Colorado Springs auto insurance rates is a great way to save money. The only thing you need to do is spend a little time comparing rates from some recommended companies.
It’s so fast and easy to compare quotes online that it replaces the need to make phone calls or go to insurance agents’ offices. Buying insurance online eliminates the middleman unless you’re the type of person who wants the peace of mind that can only be provided by a licensed insurance agent. Although you can price shop your coverage online but still have the advice of a local agent.
The providers in the list below can provide comparison quotes in Colorado Springs, CO. To find the cheapest car insurance in Colorado Springs, it’s highly recommended you click on several of them to get the cheapest price.
Rates and data analysis
The price information displayed next outlines estimates of coverage costs for Chrysler 300 models. Having a good understanding how auto insurance prices are figured can benefit drivers when making informed decisions when shopping around for a new policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $182 | $384 | $456 | $28 | $136 | $1,186 | $99 |
| 300 Touring Plus 4-Dr Sedan | $182 | $384 | $456 | $28 | $136 | $1,186 | $99 |
| 300 Touring AWD 4-Dr | $182 | $384 | $456 | $28 | $136 | $1,186 | $99 |
| 300 S V6 4-Dr Sedan | $182 | $384 | $456 | $28 | $136 | $1,186 | $99 |
| 300 Touring Signature 4-Dr Sedan | $182 | $384 | $456 | $28 | $136 | $1,186 | $99 |
| 300 Touring Executive 4-Dr Sedan | $182 | $384 | $456 | $28 | $136 | $1,186 | $99 |
| 300 Touring Signature AWD 4-Dr | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
| 300 Limited 4-Dr Sedan | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
| 300 C 4-Dr Sedan | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
| 300 S V8 4-Dr Sedan | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
| 300 Limited AWD 4-Dr | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
| 300 C AWD 4-Dr | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
| 300 SRT-8 4-Dr Sedan | $202 | $442 | $456 | $28 | $136 | $1,264 | $105 |
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Above prices assume single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Rate information does not factor in specific Colorado Springs garaging location which can impact premium rates noticeably.
Higher deductibles lower rates
The hardest decision when buying coverage is how high should the physical damage coverage deductibles be. The tables below determine the rate fluctuation between high and low deductibles. The first price estimate table uses a $100 deductible for physical damage and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| 300 Touring Plus 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| 300 Touring AWD 4-Dr | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| 300 S V6 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| 300 Touring Signature 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| 300 Touring Executive 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| 300 Touring Signature AWD 4-Dr | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| 300 Limited 4-Dr Sedan | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| 300 C 4-Dr Sedan | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| 300 S V8 4-Dr Sedan | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| 300 Limited AWD 4-Dr | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| 300 C AWD 4-Dr | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| 300 SRT-8 4-Dr Sedan | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| 300 Touring Plus 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| 300 Touring AWD 4-Dr | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| 300 S V6 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| 300 Touring Signature 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| 300 Touring Executive 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| 300 Touring Signature AWD 4-Dr | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 300 Limited 4-Dr Sedan | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 300 C 4-Dr Sedan | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 300 S V8 4-Dr Sedan | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 300 Limited AWD 4-Dr | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 300 C AWD 4-Dr | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 300 SRT-8 4-Dr Sedan | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Prices do not factor in specific Colorado Springs garaging location which can impact premiums significantly.
Using the premium rates above, we can conclude that using a $100 deductible will cost you approximately $43 more each month or $516 each year than opting for the higher $1,000 deductible. Since you would pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at a minimum 21 months between claim filings, you would probably come out ahead by going with a higher deductible.
Chrysler 300 liability-only versus full coverage
The example below illustrates the comparison of Chrysler 300 insurance costs with and without physical damage coverage. The rate quotes are based on a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no discounts are applied to the premium.
When to stop buying physical damage coverage
There is no definitive guideline for dropping physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Chrysler 300 replacement cost is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled, you would only receive $3,000 after you pay the deductible. If premium cost is more than $300 annually for full coverage, then you may want to consider only buying liability coverage.
There are a few situations where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not eliminate full coverage.
Best reasons to buy car insurance in Colorado
Despite the potentially high cost of Chrysler 300 insurance, paying for car insurance is a good idea for several reasons.
- Just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability protection 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 your vehicle has a loan, most lenders will have a requirement that you buy insurance to guarantee loan repayment. If you cancel or allow the policy to lapse, the bank will be required to insure your Chrysler for a lot more money and force you to pay for the much more expensive policy.
- Car insurance protects both your Chrysler and your personal assets. Insurance will pay for medical expenses that are the result of an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Chrysler as the result of the weather or an accident, collision and comprehensive coverages will pay to have it repaired.
The benefits of carrying enough insurance greatly outweigh the cost, particularly if you ever have a claim. Despite what companies tell you, the average driver is wasting up to $855 a year so it’s recommended you shop around at every policy renewal to save money.
Car insurance quotes and discounts
Car insurance is not cheap nor is it fun to buy but you can get discounts that can dramatically reduce your bill. Certain credits will be shown at the time of quoting, but less common discounts must be inquired about prior to receiving the credit.
- Colorado Springs Homeowners Discount – Just owning your own home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
- Service Members Pay Less – Being deployed with a military unit could be rewarded with lower rates.
- Distant Student Discount – Any of your kids who are enrolled in higher education away from home and do not have a car can be insured at a reduced rate.
- Discount for Multiple Policies – When you combine your home and auto insurance with one company you may save over 10 percent off each policy depending on the company.
- More Vehicles More Savings – Buying coverage for multiple cars or trucks on one policy qualifies for this discount.
- Accident Waiver – This one is not really a discount per se, but companies like Progressive and Allstate will turn a blind eye to one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
- Clubs and Organizations – Joining qualifying clubs or civic groups is a good way to get lower rates when getting a Colorado Springs car insurance quote.
Keep in mind that most discount credits are not given to the entire cost. Some only apply to the cost of specific coverages such as comp or med pay. So even though they make it sound like it’s possible to get free car insurance, car insurance companies aren’t that generous. But any discount will positively reduce the premium cost.
The chart below compares Chrysler 300 premium costs with and without discounts applied to the rates. The premium estimates are based on a female driver, no violations or claims, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, safe-driver, multi-car, and multi-policy discounts applied.
A few popular companies and some of their more popular discounts are:
- Progressive may have discounts that include online signing, multi-policy, multi-vehicle, homeowner, and good student.
- SAFECO may offer discounts for safe driver, homeowner, bundle discounts, anti-theft, anti-lock brakes, and teen safety rewards.
- American Family discounts include Steer into Savings, air bags, early bird, accident-free, defensive driver, bundled insurance, and good student.
- MetLife offers premium reductions for claim-free, accident-free, multi-policy, good driver, good student, defensive driver
- GEICO includes discounts for military active duty, anti-lock brakes, multi-policy, driver training, and multi-vehicle.
- The Hartford policyholders can earn discounts including good student, anti-theft, driver training, defensive driver, vehicle fuel type, air bag, and bundle.
If you need lower rates, check with each insurance company to apply every possible discount. Some discounts may not be available in Colorado Springs.
Buying from insurance agents
Many drivers would rather get advice from a local agent and that is a personal choice. Professional agents are highly skilled in risk management and help file insurance claims. An additional benefit of comparing insurance online is the fact that drivers can get the lowest rates and also buy local. And providing support for small agencies is important particularly in Colorado Springs.
For easy comparison, once you complete this quick form, your insurance coverage information is immediately sent to participating agents in Colorado Springs who will return price quotes and help you find cheaper coverage. You never need to leave your computer because prices are sent to you instantly. If you have a need to compare prices from a particular provider, don’t hesitate to visit that company’s website to submit a rate quote request.
Finding a good company should depend on more than just a cheap quote. Some important questions to ask are:
- Will your rates increase after a single accident?
- Will they give you a referral list?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- Is the agent and/or agency licensed to do business in Colorado?
- What is their Better Business Bureau rating?
- Is the agency involved in supporting local community causes?
Persistence pays off
When searching for the cheapest Chrysler 300 rate quotes, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many situations where an insured cut collision coverage and found out when filing a claim that it was a big error on their part. Your goal is to buy enough coverage for the lowest cost, but do not sacrifice coverage to save money.
Cheap Chrysler 300 insurance in Colorado Springs can be bought online in addition to many Colorado Springs insurance agents, and you need to comparison shop both so you have a total pricing picture. Some insurance companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.
You just read some good ideas how you can save on Chrysler 300 insurance in Colorado Springs. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest prices are with some of the lesser-known companies. Some small companies may often insure only within specific states and give better rates than the large multi-state companies such as State Farm and Allstate.
How to find affordable quotes for Chrysler 300 insurance in Colorado Springs
It takes a little time, but the best way to get budget Chrysler 300 insurance is to regularly compare quotes from companies in Colorado Springs.
- Spend a few minutes and learn about how your policy works and the things you can change to keep rates in check. Many policy risk factors that are responsible for high rates like traffic citations, accidents, and an imperfect credit history can be amended by making lifestyle changes or driving safer.
- Request price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like Progressive or Allstate, while independent agencies can give you price quotes from multiple sources. View prices
- Compare the new rate quotes to your current policy premium to see if a cheaper rate is available in Colorado Springs. If you can save some money, make sure there is no lapse in coverage.
One tip to remember is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on every price quote and and to get price estimates from as many companies as you can. This helps ensure a level playing field and a better comparison of the market.
More information can be read below:
- How to Avoid Staged Accidents (State Farm)
- Bodily Injury Coverage (Liberty Mutual)
- Credit Impacts Car Insurance Rates (State Farm)
- What if I Can’t Find Coverage? (Insurance Information Institute)
- Neck Injury FAQ (iihs.org)