Paying cheaper rates for Chevy Colorado insurance in Colorado Springs might be nearly impossible for drivers who are beginners to online rate comparisons. Since there are so many companies competing online, it can quickly become a real hassle to find the perfect company for you.
We don’t have to point out that fact that insurance companies want to keep you from comparing rates. Drivers who get comparison quotes once a year will, in all likelihood, switch companies because there is a significant possibility of finding a more affordable policy. Surprisingly, a recent survey revealed that consumers who compared prices regularly saved as much as $860 a year compared to drivers who never shopped around for lower prices.
If finding the lowest price for auto insurance in Colorado Springs is the reason you’re reading this, then knowing the best ways to find and compare auto insurance can save money and time.
If you already have coverage, you will be able to shop for the lowest rates using the concepts covered in this article. The purpose of this post is to teach you a little about how to compare rates easily and how you can save the most money. Although Colorado car owners benefit from understanding how companies charge you for coverage because it can help you find the best coverage.
When comparison shopping, there are several ways of comparing rates from lots of Colorado insurance companies. The fastest way to lower the rate you pay for Chevy Colorado insurance is to use the internet to compare rates.
It’s important to know that comparing more prices helps you find lower pricing. Some companies don’t provide online rate quotes, so you also need to get quotes from them, too.
The auto insurance companies shown below provide price quotes in Colorado Springs, CO. To buy the best cheap auto insurance in Colorado Springs, we suggest you visit several of them to get the cheapest price.
Get cheaper Chevy Colorado insurance rates in Colorado Springs
Auto insurance is expensive, but you may be missing some discounts to reduce the price significantly. Some of these discounts will be visible at the time you complete a quote, but less common discounts must be manually applied prior to receiving the credit.
- More Vehicles More Savings – Drivers who insure multiple cars or trucks with one company can reduce the rates for all insured vehicles.
- Good Drivers – Drivers who don’t get into accidents can pay as much as 50% less than drivers with accidents.
- Auto/Home Discount – If you insure your home and vehicles with one insurance company you may save up to 20% and get you the cheapest Chevrolet Colorado insurance in Colorado Springs.
- Student Driver Training – Have your child take driver’s ed class in high school.
- Good Student – A discount for being a good student can get you a discount of up to 25%. Many companies even apply the discount to college students up to age 25.
Don’t be shocked that most credits do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, you won’t be that lucky. But any discount should help reduce your policy premium.
The diagram below shows the difference between Chevy Colorado auto insurance costs with and without discounts applied to the policy premium. The data is based on a male driver, no claims or driving citations, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, homeowner, claim-free, safe-driver, and multi-policy discounts applied.
Some of the insurance companies that may offer most of the discounts above include:
When quoting, ask each company how many discounts you can get. Depending on the company, some discounts may not apply to policyholders in your area. To find providers who offer discounts in Colorado, click this link.
Insurance coverage details
The premium information below covers a range of insurance prices for Chevy Colorado models. Having insight into how rates are calculated can help guide drivers when making informed decisions when comparing rate quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $256 | $448 | $460 | $28 | $138 | $1,330 | $111 |
| Colorado LT Extended Cab 2WD | $300 | $546 | $460 | $28 | $138 | $1,472 | $123 |
| Colorado LT 4WD | $300 | $448 | $392 | $24 | $118 | $1,282 | $107 |
| Colorado LT Crew Cab 2WD | $300 | $546 | $460 | $28 | $138 | $1,472 | $123 |
| Colorado LT Extended Cab 4WD | $300 | $448 | $392 | $24 | $118 | $1,282 | $107 |
| Colorado LT Crew Cab 4WD | $344 | $546 | $392 | $24 | $118 | $1,424 | $119 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, safe-driver, and claim-free. Premium costs do not factor in specific garaging location which can modify prices noticeably.
Insurance deductibles
The hardest decision when buying coverage is how high should your deductibles be. The premium rates below highlight the rate difference between high and low physical damage deductibles. The first data table uses a $250 deductible for comp and collision and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $202 | $376 | $352 | $20 | $106 | $1,081 | $90 |
| Colorado LT Extended Cab 2WD | $236 | $458 | $352 | $20 | $106 | $1,197 | $100 |
| Colorado LT 4WD | $236 | $376 | $298 | $18 | $90 | $1,043 | $87 |
| Colorado LT Crew Cab 2WD | $236 | $458 | $352 | $20 | $106 | $1,197 | $100 |
| Colorado LT Extended Cab 4WD | $236 | $376 | $298 | $18 | $90 | $1,043 | $87 |
| Colorado LT Crew Cab 4WD | $272 | $458 | $298 | $18 | $90 | $1,161 | $97 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Colorado LT 2WD | $124 | $236 | $352 | $20 | $106 | $838 | $70 |
| Colorado LT Extended Cab 2WD | $146 | $288 | $352 | $20 | $106 | $912 | $76 |
| Colorado LT 4WD | $146 | $236 | $298 | $18 | $90 | $788 | $66 |
| Colorado LT Crew Cab 2WD | $146 | $288 | $352 | $20 | $106 | $912 | $76 |
| Colorado LT Extended Cab 4WD | $146 | $236 | $298 | $18 | $90 | $788 | $66 |
| Colorado LT Crew Cab 4WD | $168 | $288 | $298 | $18 | $90 | $862 | $72 |
| Get Your Own Custom Quote Go | |||||||
Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Table data does not factor in specific location which can impact premium rates considerably.
Based on this data, using a $250 deductible will cost you roughly $23 more each month or $276 each year across all Chevrolet Colorado models than choosing the higher $1,000 deductible. Since the policyholder would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you usually have at least 33 months between claim filings, you would probably save some money if you elect the higher deductible.
Full coverage versus liability-only in Colorado Springs
The example below visualizes the comparison of Chevy Colorado auto insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are factored in.
Guidelines for dropping full coverage
There is no exact formula for dropping physical damage insurance, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s say your Chevy Colorado claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most your company will settle for is $8,000 after you pay the deductible. If you are paying more than $800 annually for physical damage coverage, then it could be time to drop full coverage.
There are some circumstances where removing full coverage is not financially feasible. If you haven’t paid off your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not opt for liability only.
Chevy Colorado Insurance Premiums Can Be Cheaper
Lots of factors are used when quoting car insurance. Some are obvious such as your driving history, although others are more transparent such as your marital status or your commute time.
Listed below are some of the factors utilized by car insurance companies to help set rates.
- Does your job raise your rates? – Occupations like doctors, business owners, and emergency personnel have higher rates than the rest of us because of high stress levels and lots of time spent away from family. On the other hand, jobs like actors, students and performers pay the least.
- Higher deductibles save money – Your deductibles state the amount of money you are required to spend if the claim is covered. Insurance for physical damage to your car, also called comprehensive and collision insurance, protects your car from damage. Examples of some claims that would be covered would be a windshield broken by a bird, damage from fire, and damage from wind. The more money you’re willing to pay, the less your auto insurance will be.
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Older drivers pay less – Inexperience drivers are proven to be careless and easily distracted when behind the wheel therefore auto insurance rates are much higher. Older people are more responsible, are lower risk to insure, and usually have better credit.
The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
- Married drivers get better costs – Getting married helps lower the price on auto insurance. Having a spouse generally demonstrates drivers are more mature than a single person and statistics show married couples file fewer claims.
- Rental and towing coverage may not be needed – Insurance policies have a lot of add-on coverages that may not really be needed on your Colorado policy. Insurance for things like vanishing deductibles, towing coverage, and term life insurance are some examples. You may think they are a good idea when discussing your needs, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
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Chevy Colorado insurance loss probability – Insurance companies include the past claim history for a vehicle to determine a price that will be profitable for them. Vehicles that the statistics show to have higher number or severity of losses will have a higher premium rate. The data below shows the collected loss data for Chevy Colorado vehicles.
For each policy coverage type, the claim amount for all vehicles as a whole equals 100. Values that are below 100 indicate a favorable loss history, while values that are above 100 indicate higher probability of having a loss or larger claims.
Chevrolet Colorado Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chevrolet Colorado Crew Cab 2WD 73 57 64 Chevrolet Colorado Crew Cab 4WD 90 89 86 67 Chevrolet Colorado Ext Cab 2WD 55 Chevrolet Colorado Ext Cab 4WD 67 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
When to contact an insurance agency
Some consumers just prefer to get professional advice from a licensed agent and that is a personal choice. One of the best bonuses of comparing insurance online is that drivers can save money and get cheap rate quotes but also keep your business local.
For easy comparison, once you complete this simple form, the coverage information is immediately sent to participating agents in Colorado Springs who will give you bids for your insurance coverage. It simplifies rate comparisons since you won’t have to visit any agencies since rate quotes are delivered to you instantly. You can get cheaper insurance rates and work with a local agent. If for some reason you want to quote rates from a specific company, feel free to visit that company’s website to submit a rate quote request.
Finding a good insurance company should depend on more than just a cheap quote. These questions are important to ask:
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Are you getting all the discounts the company offers?
- Are all drivers listed on the coverage quote?
- Do the coverages you’re quoting properly cover your vehicle?
- Will they make sure you get an adequate claim settlement?
Two different types of car insurance agents
If you’re trying to find a local insurance agency, you must know there are a couple different types of agents and how they differ in how they can insure your vehicles. Agents are considered either exclusive or independent agents depending on their company appointments.
Exclusive Insurance Agents
Agents that elect to be exclusive normally can only provide a single company’s rates and examples are Allstate, Farmers Insurance, State Farm, and AAA. These agents are unable to provide other company’s prices so they really need to provide good service. Exclusive agents are trained well in insurance sales which aids in selling service over price. Some insured continue to use the same agent mainly due to high brand loyalty rather than low rates.
Listed below is a short list of exclusive agencies in Colorado Springs who may provide you with rate quotes.
- American Family Insurance – Mario Aragon Agency Inc.
1135 E Fillmore St – Colorado Springs, CO 80907 – (719) 570-0707 – View Map - Farmers Insurance – Patricia Szeredy
6632 Delmonico Dr – Colorado Springs, CO 80919 – (719) 268-0080 – View Map - American Family Insurance – Michael Brandl Agency Inc.
1965 Dominion Way Ste 120 – Colorado Springs, CO 80918 – (719) 630-7557 – View Map
View more Colorado Springs agents
Independent Agents (or Brokers)
Agents that choose to be independent are not employed by any specific company so they have the ability to put coverage with an assortment of companies and get the cheapest rates. If they quote lower rates, they simply switch companies in-house and you stay with the same agent.
When comparing rate quotes, we highly recommend that you include a few independent agents to ensure the widest selection of prices. Most can insure with small mutual carriers that can offer cheaper rates than bigger companies.
Listed below is a list of independent insurance agents in Colorado Springs that can give you price quote information.
- A Better Choice Auto Insurance
1863 N Circle Dr – Colorado Springs, CO 80909 – (719) 667-1301 – View Map - Mary Beth Stiltner Insurance Agency
1880 Dublin Blvd # C – Colorado Springs, CO 80918 – (719) 528-1555 – View Map - Insurance Network of Co
2525 W Pikes Peak Ave # C – Colorado Springs, CO 80904 – (719) 635-9720 – View Map
View more Colorado Springs agents
After you get good responses to any questions you have and cheap Colorado insurance quotes, it’s a good possibility that you have found an auto insurance agent that can be trusted to adequately provide insurance.
Which car insurance company is best in Colorado?
Picking the highest-rated insurance provider can be challenging considering how many different companies insure vehicles in Colorado. The company information displayed below can help you decide which auto insurers you want to consider comparing rate quotes with.
Top 10 Colorado Springs Car Insurance Companies Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- State Farm – 90%
- Nationwide – 90%
- The Hartford – 89%
- GEICO – 89%
- The General – 88%
- 21st Century – 88%
- Liberty Mutual – 88%
Don’t give up on cheap rates
Some insurance companies do not offer online price quotes and usually these smaller companies only sell through independent agents. Budget-friendly insurance in Colorado Springs can be sourced from both online companies and from local insurance agents, and you should be comparing both to get a complete price analysis.
You just read a lot of tips how to lower your Chevy Colorado insurance premium rates in Colorado Springs. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding the cheapest Chevrolet Colorado rate quotes. You may even discover the lowest priced insurance comes from some of the lesser-known companies.
Consumers change insurance companies for many reasons like denial of a claim, extreme rates for teen drivers, high prices and even delays in responding to claim requests. No matter why you want to switch, finding a new insurance company can be pretty painless.
How to find more affordable Chevy Colorado insurance in Colorado Springs
If saving money is your primary concern, then the best way to get more affordable Chevy Colorado insurance in Colorado Springs is to make a habit of comparing prices annually from providers in Colorado.
- Take a few minutes and learn about how companies set rates and the modifications you can make to keep rates low. Many rating factors that cause rate increases such as traffic violations, accidents, and a less-than-favorable credit history can be amended by being financially responsible and driving safely.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or State Farm, while independent agencies can provide rate quotes for many different companies. Click to view companies
- Compare the quotes to your existing rates and determine if cheaper Colorado coverage is available in Colorado Springs. If you find better rates and decide to switch, make sure coverage is continuous and does not lapse.
- Notify your company or agent of your intent to cancel your current coverage. Submit any necessary down payment along with the completed application for the new policy. Once the application is submitted, put the proof of insurance paperwork in an accessible location in your vehicle.
The key aspect of shopping around is to make sure you enter identical coverages on every price quote and and to get rates from as many car insurance companies as possible. Doing this helps ensure an apples-to-apples comparison and and a good selection of different prices.
More resources
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Who Has Cheap Auto Insurance for a Ford F-150 in Colorado Springs? (FAQ)
- How Much is Auto Insurance for Teenagers in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance Quotes for Drivers with a Bad Driving Record in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance Quotes for Inexperienced Drivers in Colorado Springs? (FAQ)
- Driving in Bad Weather (Insurance Information Institute)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)
- Distracted Driving Extends Beyond Texting (State Farm)