Trying to find cheaper Toyota Venza insurance in Colorado Springs may be very difficult for drivers who are new to online price comparisons. With such a big selection of agents and companies, it can quickly become a big hassle to compare coverage rates on Toyota Venza insurance.
Steps to finding affordable Toyota Venza insurance in Colorado Springs
If you want to save money, the best way to find cheaper Toyota Venza insurance in Colorado Springs is to make a habit of comparing prices annually from providers who sell insurance in Colorado. Rates can be compared by following these guidelines.
- First, spend a few minutes and learn about how your policy works and the things you can control to lower rates. Many rating criteria that result in higher prices such as at-fault accidents, speeding tickets, and a poor credit rating can be amended by being financially responsible and driving safely.
- Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from one company like Progressive or Farmers Insurance, while agents who are independent can quote prices from multiple insurance companies.
- Third, compare the price quotes to your existing rates and determine if there is any savings. If you find a lower rate and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Fourth, provide written notification to your current company of your decision to cancel your current car insurance policy. Submit the signed application along with the required initial payment for your new coverage. Don't forget to keep your new proof of insurance certificate in an easily accessible location.
One thing to remember is that you use similar deductibles and liability limits on each quote and and to get price estimates from as many car insurance companies as possible. Doing this guarantees an apples-to-apples comparison and a thorough selection of prices.
It goes without saying that auto insurance companies don't want you to look for cheaper rates. Insureds who shop around for cheaper prices will most likely buy a new policy because they have good chances of getting low-cost coverage. A recent study showed that drivers who compared price quotes annually saved $3,450 over four years compared to policyholders who never shopped around for cheaper prices.
If finding the lowest price on Toyota Venza insurance is why you're here, then learning about how to get rate quotes and compare insurance coverage can help make the process easier and more efficient.
It's important to get comparison quotes occasionally because prices change frequently. Despite the fact that you may have had the lowest rate on Toyota Venza insurance in Colorado Springs six months ago other companies may now be cheaper. Forget all the misinformation about insurance because you're about to find out the easiest way to get good coverage on Toyota Venza insurance in Colorado Springs at a lower rate.
Buying affordable insurance in Colorado Springs can be easy if you know a few tricks. If you currently have insurance, you should be able to buy cheaper insurance using the ideas you're about to read. But Colorado consumers do need to learn how the larger insurance companies charge you for coverage and take advantage of how the system works.
How to buy Colorado Springs Toyota Venza insurance online
To get affordable Toyota Venza insurance quotes, there a variety of ways to compare prices from different Colorado Springs insurance companies. One of the best ways to find the cheapest Toyota Venza insurance rates is to get quotes online.
It's important to know that comparing all the rates in your area will enable you to find a lower rate.
The companies shown below provide free rate quotes in Colorado. If multiple companies are listed, we suggest you visit two to three different companies to get the most affordable price.
Cheap Colorado Springs car insurance quotes with discounts
Insuring your vehicles can cost a lot, but there could be available discounts that many people don't even know exist. Some of these discounts will be visible when you complete an application, but less common discounts must be requested specifically before you get the savings. If you do not double check each discount you qualify for, you're paying more than you need to.
- Multi-line Discount - Not all insurance companies offer life insurance, but some may give you lower prices if you buy some life insurance too.
- Discount for Passive Restraints - Factory air bags and/or automatic seat belt systems can get savings of up to 25% or more.
- Renewal Discounts - Some companies reward drivers for switching to them before your current coverage expires. It could save around 10% when you buy Colorado Springs car insurance online.
- Mature Driver Discount - Seniors can possibly qualify for lower premium rates.
- Driver Education Discount - It's a good idea to have your young drivers successfully complete driver's ed class in school or through a local driver safety program.
- Active Military Service - Being on active deployment in the military could qualify you for better rates.
Policy discounts save money, but most of the big mark downs will not be given to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, insurance companies wouldn't stay in business.
The information below shows the difference between Toyota Venza premium costs with and without discounts applied to the policy premium. The costs are based on a male driver, a clean driving record, no 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 homeowner, safe-driver, multi-policy, marriage, claim-free, and multi-car discounts applied.
Larger car insurance companies and a summarized list of policyholder discounts are included below.
- State Farm offers discounts including good student, multiple policy, safe vehicle, Drive Safe & Save, and accident-free.
- GEICO has savings for military active duty, driver training, federal employee, seat belt use, multi-vehicle, and emergency military deployment.
- Allstate offers discounts for economy car, early signing, utility vehicle, eSmart discount, and new car.
- SAFECO has discounts for safe driver, drive less, homeowner, anti-lock brakes, bundle discounts, and multi-car.
- Farm Bureau policyholders can earn discounts including driver training, good student, 55 and retired, multi-policy, youthful driver, and multi-vehicle.
- Progressive discounts include homeowner, multi-vehicle, online signing, online quote discount, continuous coverage, good student, and multi-policy.
- AAA offers premium reductions for pay-in-full, AAA membership discount, education and occupation, multi-car, multi-policy, anti-theft, and good student.
Check with all the companies which discounts you qualify for. All car insurance discounts may not apply to policies in every state. For a list of insurance companies with the best Toyota Venza insurance discounts in Colorado, follow this link.
Toyota Venza insurance analysis
The premium table displayed below highlights detailed analysis of prices for Toyota Venza models. Being aware of how policy premiums are calculated can be useful when making smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Venza 2WD 4-Dr||$342||$644||$352||$20||$106||$1,464||$122|
|Venza AWD 4-Dr||$342||$644||$352||$20||$106||$1,464||$122|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, safe-driver, and homeowner. Rate information does not factor in specific garaging location which can influence prices significantly.
An analysis of deductible level
A question often asked by Colorado Springs drivers is the level to set your comp and collision deductibles. The rates shown below summarize the rate difference when you choose different physical damage coverage deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second set of prices uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Venza 2WD 4-Dr||$306||$538||$352||$20||$106||$1,347||$112|
|Venza AWD 4-Dr||$306||$538||$352||$20||$106||$1,347||$112|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Venza 2WD 4-Dr||$250||$434||$352||$20||$106||$1,162||$97|
|Venza AWD 4-Dr||$250||$434||$352||$20||$106||$1,162||$97|
|Get Your Own Custom Quote Go|
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Information does not factor in zip code location which can affect coverage prices considerably.
Based on the data above, we can derive that using a $250 deductible costs approximately $15 more each month or $180 for a full year across all Toyota Venza models than opting for the higher $500 deductible. Because you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have more than 17 months between claims, you would save money if you opt for a higher deductible. The table below illustrates the way you can do this calculation yourself.
|Average monthly premium for $250 deductibles:||$112|
|Average monthly premium for $500 deductibles (subtract):||- $97|
|Monthly savings from raising deductible:||$15|
|Difference between deductibles ($500 - $250):||$250|
|Divide difference by monthly savings:||$250 / $15|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||17 months|
One important caveat is that a higher deductible level means you will have to cover more of the damage yourself if you have a claim. You need enough extra money in the event you have to pay the deductible for vehicle repair.
The illustration below demonstrates how deductibles and can raise or lower Toyota Venza insurance prices for each age group. Data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied.
How accidents and tickets impact rates
The chart below shows how speeding tickets and at-fault claims can impact Toyota Venza insurance costs for different age groups. The information is based on a married male driver, comp and collision included, $500 deductibles, and no discounts are factored in.
Auto insurance prices based on gender
The example below shows the comparison of Toyota Venza premium costs for male and female drivers. The information is based on no claims or violations, full coverage, $100 deductibles, single status, and no discounts are applied to the premium.
Full coverage versus liability-only in Colorado Springs
The illustration below visualizes the comparison of Toyota Venza insurance costs with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no claims, $250 deductibles, drivers are single, and no discounts are taken into consideration.
When to buy liability coverage only
There is no clear-cut rule of when to eliminate physical damage insurance, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
For example, let's assume your Toyota Venza settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If it's costing in excess of $200 a year for your policy with full coverage, then it might be time to buy liability only.
There are some cases where dropping physical damage coverage is not advised. If you still have a lienholder on your title, you have to carry full coverage to protect the lienholder's interest in the vehicle. Also, if you don't have enough money to buy a different vehicle in the even your car is totaled, you should maintain full coverage.
Local neighborhood Colorado Springs car insurance agents
Some people prefer to have an agent's advice and that is not a bad decision The biggest benefit of comparing rates online is that you can obtain cheaper rates but still work with a licensed agent.
To find an agent, once you fill out this quick form, the coverage information is immediately sent to agents in your area that can give you free Colorado Springs car insurance quotes for your business. You don't have to find an agent on your own because quoted prices will be sent straight to your inbox. You'll get the best rates without requiring a lot of work. In the event you want to get a rate quote from a specific company, feel free to find their quoting web page and submit a quote form there.
Selecting an insurance company requires you to look at more than just a cheap quote. The answers to these questions are important, too.
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
- Are claims handled at the agent's location?
- How much training do they have in personal risk management?
- Will one accident increase rates?
- What insurance companies do they recommend if they are an independent agent?
- Do they write coverage based solely on cost?
- Will they take your side in the event of a claim?
- How does the company pay claims for a total loss?
If you are wanting to find a good Colorado Springs insurance agent, there are two different agency structures from which to choose. Car insurance policy providers are classified as either exclusive or independent.
Agents in the exclusive channel can only place business with one company like Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents are unable to compare rates from other companies so keep that in mind. Exclusive agencies are well trained on their company's products and that can be a competitive advantage. Some people will only choose to use a exclusive agent primarily because of the brand and the convenience of having all coverages with one company.
The following are exclusive insurance agencies in Colorado Springs who may provide you with comparison quotes.
- American Family Insurance - Jim Whitlock Agency LLC
8540 Scarborough Dr Ste 220 - Colorado Springs, CO 80920 - (719) 591-6336 - View Map
- Farmers Insurance - Patricia Szeredy
6632 Delmonico Dr - Colorado Springs, CO 80919 - (719) 268-0080 - View Map
- Allstate Insurance: Dave Lohman
76 S Sierra Madre St b - Colorado Springs, CO 80903 - (719) 471-9271 - View Map
Independent Insurance Agents
These type of agents do not work for one specific company and that is an advantage because they can write policies through lots of different companies and find the cheapest car insurance rates. If your agent finds better pricing, your agent can just switch to a different company and the insured can keep the same agent.
If you need cheaper car insurance rates, you need to include a couple of independent agencies so that you can do a thorough price comparison. Most also write with lesser-known insurance companies that may have much lower rates than larger companies.
Below are independent insurance agencies in Colorado Springs that can give you price quote information.
- O'Donnell Agency Inc
707 S Tejon St - Colorado Springs, CO 80903 - (719) 227-7100 - View Map
- Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map
- Insurance Stops
2105 E Bijou St A - Colorado Springs, CO 80909 - (719) 636-3369 - View Map
Insurance agents can help
When buying a policy, there really is no perfect coverage plan. Your situation is unique and your car insurance should unique, too. For example, these questions might help in determining if you would benefit from professional advice.
- Is my vehicle covered by my employer's policy when using it for work?
- Why am I required to get a high-risk car insurance policy?
- When should I remove comp and collision on my Toyota Venza?
- Does my liability insurance cover pulling a trailer or camper?
- Should I buy only the required Colorado minimum liability coverage?
- Is pet coverage available?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- What does medical payments cover?
- How can I get the company to pay a claim?
If it's difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
Learn How to Lower Your Insurance Premiums
Consumers need to have an understanding of the factors that play a part in calculating your auto insurance rates. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that may result in cheaper rates.
The items below are some of the things utilized by car insurance companies to help set rates.
- Where you live factors in - Residing in a rural area may provide you with better prices when buying auto insurance. Fewer people means reduced accidents in addition to fewer liability claims. Drivers who live in large Colorado cities have more road rage incidents and a longer drive to work. Higher commute times means more chance of being in an accident.
- Your employer is a factor - Did you know your auto insurance rates can be affected by your occupation? Careers such as real estate brokers, executives, and dentists usually pay higher premium rates because of stressful work requirements and extremely grueling work hours. Other occupations like actors, historians and retirees receive lower rates.
With age comes responsibility - Youthful drivers in Colorado are proven to be less responsible in a vehicle and because of this, their auto insurance rates are much higher. Older drivers tend to be more responsible, tend to file fewer claims, and usually have better credit.
The following data assumes a single driver, full coverage with $1000 deductibles, and no discounts or violations.
- Higher deductibles reduce prices - Insurance for physical damage to your car, also called 'full coverage', covers your vehicle from damage. Examples of covered claims are a broken windshield, collision with an animal, and damage from a fallen tree branch. Physical damage deductibles define the amount you are willing to pay if a claim is determined to be covered. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
- How many miles do you drive? - The higher the mileage driven every year the more you will pay for auto insurance. Most companies rate vehicles based on how the vehicle is used. Cars that do not get driven very much can get a lower rate compared to those used for work or business. Having an incorrect usage rating on your Venza may be wasting your money. Ask your agent if your auto insurance policy properly reflects annual mileage.
Toyota Venza insurance loss data - Insurance companies use data from past claims when they set coverage costs for each model. Vehicles that statistically have higher number or severity of losses will have increased rates.
The table below illustrates the loss history for Toyota Venza vehicles. For each insurance policy coverage type, the statistical loss for all vehicles averaged together is considered to be 100. Values that are 100 or less indicate better than average losses, while values that are above 100 indicate more frequent claims or statistically larger claims.
Auto Insurance Loss Data for Toyota Venza Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Venza 4dr 2WD 93 102 86 115 110 93 Toyota Venza 4dr 4WD 94 102 97 120 94 87BETTERAVERAGEWORSE
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Here's why auto insurance is not optional
Even though it can be expensive, insuring your vehicle may be mandatory for several reasons.
First, the majority of states have minimum liability requirements which means you are required to carry specific minimum amounts 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.
Second, if your Venza has a loan, almost all lenders will force you to have full coverage to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender will be forced to insure your Toyota at a significantly higher premium and force you to pay much more than you were paying before.
Third, insurance safeguards not only your vehicle but also your assets. It will also reimburse you for medical expenses for not only you but also any passengers injured in an accident. Liability insurance will also pay to defend you in the event you are sued. If you have damage to your Toyota as the result of the weather or an accident, comprehensive and collision coverage will pay to have it repaired.
The benefits of buying auto insurance definitely exceed the price paid, particularly for liability claims. Unknowingly, the average driver overpays as much as $869 every year so compare quotes from several companies at every policy renewal to save money.
We just presented a lot of ways to compare Toyota Venza insurance prices in Colorado Springs. The key concept to understand is the more quotes you get, the better chance you'll have of finding inexpensive Colorado Springs car insurance quotes. Consumers could even find that the lowest priced car insurance comes from the smaller companies. Some small companies often have lower rates on specific markets than their larger competitors like Allstate, GEICO and Progressive.
While you're price shopping online, never skimp on coverage in order to save money. There are too many instances where someone dropped physical damage coverage and discovered at claim time that the savings was not a smart move. The proper strategy is to get the best coverage possible at an affordable rate, but don't skip important coverages to save money.
How to buy discount Toyota Venza insurance in Colorado Springs
It takes a little time, but the best way to find better pricing on auto insurance rates in Colorado Springs is to compare prices regularly from providers who sell auto insurance in Colorado. This can be done by following these steps.
- Try to learn a little about how car insurance works and the changes you can make to drop your rates. Many things that are responsible for high rates such as accidents, traffic violations, and a poor credit score can be remedied by making minor changes to your lifestyle.
- Get rate quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only quote rates from a single company like Progressive and State Farm, while agents who are independent can quote rates from multiple sources. Compare rates
- Compare the new quotes to your existing rates to determine if switching companies saves money. If you find better rates and decide to switch, make sure there is no coverage gap between policies.
- Give proper notification to your current agent or company of your intention to cancel your current car insurance policy. Submit payment and a signed application for your new coverage. Immediately upon receiving it, put the new proof of insurance paperwork with your registration paperwork.
A key point to remember is that you'll want to compare the same amount of coverage on each quote request and and to get price quotes from as many companies as you can. This guarantees a fair price comparison and a thorough selection of prices.
- Understanding Limits and Deductibles (Allstate)
- What Insurance is Cheapest for Drivers Under 21 in Colorado Springs? (FAQ)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Car Insurance FAQ (Trusted Choice)