The best way to get cheaper Chevy Uplander insurance in Colorado Springs is to compare prices at least once a year from insurers that sell auto insurance in Colorado.
First, take a few minutes and learn about how companies set rates and the changes you can make to keep rates in check. Many things that drive up the price such as accidents, traffic violations, and a bad credit score can be controlled by improving your driving habits or financial responsibility. This article gives additional ideas to help keep prices low and find available discounts that you may qualify for.
Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like Progressive or Farmers Insurance, while independent agents can provide rate quotes for a wide range of companies.
Third, compare the new rates to your existing rates to see if switching to a new carrier will save money. If you can save some money and decide to switch, verify that coverage does not lapse between policies.
The key aspect of shopping around is to compare the same amount of coverage on each quote request and and to get rate quotes from as many car insurance companies as possible. Doing this guarantees the most accurate price comparison and a better comparison of the market.
A recent insurance study discovered that most insurance buyers in Colorado have remained with the same insurance company for more than four years, and approximately 38% of consumers have never compared rates from other carriers. U.S. drivers could pocket roughly 46.5% a year by just comparing rate quotes, but they just feel it's too hard to compare rates.
If you're already insured or just want cheaper coverage, you can use these tips to save money without reducing coverage. Finding the cheapest car insurance coverage in Colorado Springs is actually quite easy if you know where to start. Vehicle owners only have to learn the most efficient way to shop online.
Five factors that impact insurance premiums
Multiple criteria are part of the calculation when premium rates are determined. Some are obvious such as your driving history, but some are more obscure like your vehicle usage or your commute time. Smart consumers have a good feel for the different types of things that aid in calculating the rates you pay for auto insurance. When you know what positively or negatively determines base rates, this enables informed choices that could help you find big savings.
Shown below are some of the factors utilized by car insurance companies to help set your rates.
Liability coverage preserves assets - Liability insurance is the protection when you are ruled to be at fault for causing personal injury or damage in an accident. Liability insurance provides legal defense which can cost thousands of dollars. This coverage is very inexpensive when compared to the cost of physical damage coverage, so do not skimp.
Stress out and pay more - Did you know your auto insurance rates can be affected by your occupation? Careers like military generals, executives, and miners have the highest average rates because of job stress and long work hours. Conversely, occupations like scientists, historians and the unemployed have lower than average premiums.
Costs also based on gender - Statistics show women tend to be less risk to insure than men. That doesn't necessarily mean that females are better drivers. They both are responsible for at-fault accidents at a similar rate, but the males have accidents that have higher claims. Men also statistically have more aggressive citations like DUI and reckless driving.
A good credit rating can save money - Having a good credit score is likely to be a major factor in determining premium rates. People with good credit tend to be better risks to insure than those with lower credit scores. If your credit rating is low, you could pay less to insure your Chevrolet Uplander by taking the time to improve your credit score.
Lower deductibles cost more - Coverage for physical damage, also called 'full coverage', insures against damage to your Chevy. Examples of covered claims would be running into the backend of another car, collision with an animal, and having your car stolen. Comprehensive and collision coverage deductibles are the amount of money you are required to spend if a covered claim is submitted. The larger the amount you're willing to pay, the less your auto insurance will be.
Do you qualify for discounts?
Some insurance providers don't always advertise all discounts very clearly, so the following is a list of some of the more common and also the lesser-known discounts that may be available. If you're not getting every credit you qualify for, you could be getting lower rates.
- First Accident Forgiveness - Not really a discount, but some companies like GEICO, Allstate and Liberty Mutual will forgive one accident without getting socked with a rate hike as long as you don't have any claims for a particular time prior to the accident.
- Theft Deterrent Discount - Vehicles that have factory alarm systems and tracking devices are stolen less frequently and will save you 10% or more on Uplander insurance in Colorado Springs.
- Paper-free Discount - A few larger online companies provide a small discount simply for signing online.
- Employee of Federal Government - Having worked for a branch of the government could provide a small rate reduction with a few car insurance companies.
- Smart Student Discounts - Performing well in school may save you up to 25%. The good student discount can last up until you turn 25.
- Service Members Pay Less - Being deployed in the military could qualify you for better rates.
- Membership in Organizations - Having an affiliation with a professional or civic organization could trigger savings on your bill.
- Discounts for Safe Drivers - Drivers who don't get into accidents could pay up to 40% less compared to accident prone drivers.
- Pay Now and Pay Less - If paying your policy premium upfront rather than paying monthly you could save 5% or more.
- Seat Belts Save more than Lives - Drivers who always wear seat belts and also require passengers to buckle their seat belts may be able to save a few bucks off the PIP or medical payment premium.
You can save money using discounts, but most of the big mark downs will not be given to your bottom line cost. A few only apply to specific coverage prices like liability and collision coverage. Despite the appearance that all the discounts add up to a free policy, car insurance companies aren't that generous.
To choose car insurance companies that have a full spectrum of discounts in Colorado Springs, click here to view.
Cover all your bases
The cheapest Chevy Uplander insurance in Colorado Springs can be purchased from both online companies and from local agencies, so you should compare both so you have a total pricing picture. Some companies may not offer price quotes online and usually these regional insurance providers only sell through independent insurance agencies.
You just learned a lot of tips how to get a better price on Chevy Uplander insurance in Colorado Springs. The key thing to remember is the more quotes you get, the higher the chance of saving money. You may even discover the most savings is with a small mutual company. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as Allstate or State Farm.
As you prepare to switch companies, you should never buy less coverage just to save a little money. There have been many cases where consumers will sacrifice full coverage and found out when filing a claim that the savings was not a smart move. Your goal should be to buy the best coverage you can find for the lowest cost and still be able to protect your assets.
Additional auto insurance information is available on the following sites:
- Teen Driver Statistics (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Fusion in Colorado Springs? (FAQ)
- What Insurance is Cheapest with Multiple Speeding Tickets in Colorado Springs? (FAQ)
- What Car Insurance is Cheapest for College Students in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for Uninsured Drivers? (FAQ)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Tools for Teen Driving Safety (State Farm)
- Rollover Crash FAQ (iihs.org)
- Help Your Teen Be a Better Driver (State Farm)