Purchasing the most affordable Colorado Springs Ford Flex insurance quotes can be overwhelming for beginners to buying their insurance on the internet. With so many online companies available, how are we expected to efficiently compare them all to find the best available price?
How to find cheaper quotes for Ford Flex insurance in Colorado Springs
If you want to save the most money, the best way to find affordable quotes for auto insurance rates is to begin comparing prices regularly from insurers who sell insurance in Colorado Springs. You can shop around by completing these steps.
Step 1: Gain an understanding of what coverages are included in your policy and the things you can change to prevent rate increases. Many risk factors that result in higher rates such as high-risk driving behaviors and a not-so-good credit rating can be controlled by making lifestyle changes or driving safer. Keep reading for more ideas to prevent high rates and find overlooked discounts.
Step 2: Quote rates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like GEICO or State Farm, while agents who are independent can quote prices from many different companies.
Step 3: Compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate quote and decide to switch, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Provide notification to your current agent or company of your decision to cancel your existing policy and submit a signed application and payment to the new company. Don't forget to keep your new certificate verifying proof of insurance in a readily accessible location in your vehicle.
The most important part of shopping around is that you'll want to make sure you compare the same deductibles and limits on each quote and and to get prices from all possible companies. Doing this guarantees a fair price comparison and the most accurate and complete price analysis.
It's well known that insurance companies want to keep your business as long as possible. People who compare price quotes are very likely to buy a different policy because there is a good chance of finding coverage at a cheaper rate. A recent insurance study revealed that people who compared rates annually saved $3,500 over four years compared to drivers who never shopped around for lower prices.
If finding the best price on insurance is the reason you're reading this, then having an understanding of how to quote prices and compare cheaper coverage can help simplify the task of finding more affordable coverage.
Obtaining price quotes for cheaper auto insurance policy in Colorado Springs is not as hard as you may think. In a nutshell, every vehicle owner who needs more affordable auto insurance will more than likely get better rates. But Colorado vehicle owners can benefit by having an understanding of how the larger insurance companies compete online because rates are impacted by many factors.
Most of the larger companies allow consumers to get coverage prices from their websites. Doing online quotes for Ford Flex insurance in Colorado Springs doesn't take much effort as you simply type in your coverage information into the quote form. Behind the scenes, the system requests reports for credit and driving violations and returns a price.
This makes it a lot easier to compare rates and it's also necessary to get many rate quotes if you want to find the best rate possible.
To quickly find out what other companies charge, compare rate quotes from the providers shown below. To compare your current rates, we recommend you enter the limits and deductibles exactly as they are listed on your policy. Using the same limits helps guarantee you are getting an apples-to-apples comparison using the exact same coverages.
The providers in the list below can provide free quotes in Colorado. If multiple companies are listed, we suggest you compare several of them to get the best price comparison.
Do you qualify for discounts on Ford Flex insurance in Colorado Springs?
Car insurance is not cheap, but there's a good chance there are discounts to help bring down the price. Many discounts should be triggered when you purchase, but lesser-known reductions have to be specifically requested prior to receiving the credit.
- Include Life Insurance and Save - Some insurance carriers give a break if you buy life insurance.
- Multiple Cars - Buying a policy with more than one vehicle on the same car insurance policy can reduce the rates for all insured vehicles.
- Defensive Driver - Taking time to complete a driver safety course could save 5% or more and easily recoup the cost of the course.
- Accident-Free Discounts - Claim-free drivers are rewarded with significantly better rates on Colorado Springs car insurance quote as compared to accident-prone drivers.
- Drive Less and Save - Driving less can earn lower car insurance rates on the low mileage vehicles.
- Distant Student Discount - Children who attend college more than 100 miles from Colorado Springs without a vehicle on campus may be insured at a cheaper rate.
- Professional Memberships - Affiliation with qualifying employment or professional organizations could earn you a nice discount when getting a Colorado Springs car insurance quote.
- Discounts for New Vehicles - Insuring a new Flex is cheaper compared to insuring an older model.
Don't be shocked that many deductions do not apply to the entire policy premium. Most only apply to specific coverage prices like liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, it doesn't quite work that way. Any qualifying discounts will help reduce the premium cost.
The chart below shows the comparison of Ford Flex auto insurance rates with and without discounts applied. The price estimates are based on a male driver, no claims, a clean driving record, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, homeowner, safe-driver, multi-policy, and claim-free discounts applied.
A few popular companies and their offered discounts can be found below.
- State Farm policyholders can earn discounts including passive restraint, defensive driving training, multiple autos, Drive Safe & Save, and student away at school.
- Progressive discounts include online quote discount, multi-vehicle, homeowner, good student, and multi-policy.
- Travelers may have discounts that include continuous insurance, driver training, multi-car, new car, and student away at school.
- American Family may include discounts for good student, Steer into Savings, early bird, TimeAway discount, and air bags.
- Liberty Mutual includes discounts for hybrid vehicle, new vehicle discount, new move discount, newly married, preferred payment discount, and exclusive group savings.
It's a good idea to ask every company which discounts you may be entitled to. Some discounts listed above might not be available to policyholders in every state.
Ford Flex insurance charts and tables
The coverage information displayed next highlights different insurance policy prices for Ford Flex models. Learning a little about how auto insurance policy rates are figured can assist in making smart choices when selecting a policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Flex SE 2WD||$236||$380||$330||$20||$98||$1,064||$89|
|Flex SEL 2WD||$236||$448||$330||$20||$98||$1,132||$94|
|Flex SEL AWD||$262||$448||$330||$20||$98||$1,158||$97|
|Flex Limited 2WD||$262||$448||$330||$20||$98||$1,158||$97|
|Flex Limited AWD||$262||$448||$330||$20||$98||$1,158||$97|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in zip code location which can revise premiums substantially.
An analysis of deductible level
The hardest decision when buying coverage is where should you set your physical damage deductibles. The following insurance rates approximate the differences in premium rates between low and high comp and collision deductibles. The first rate table uses a $250 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Flex SE 2WD||$306||$458||$352||$20||$106||$1,267||$106|
|Flex SEL 2WD||$306||$538||$352||$20||$106||$1,347||$112|
|Flex SEL AWD||$342||$538||$352||$20||$106||$1,383||$115|
|Flex Limited 2WD||$342||$538||$352||$20||$106||$1,383||$115|
|Flex Limited AWD||$342||$538||$352||$20||$106||$1,383||$115|
|Get Your Own Custom Quote Go|
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Flex SE 2WD||$250||$368||$352||$20||$106||$1,096||$91|
|Flex SEL 2WD||$250||$434||$352||$20||$106||$1,162||$97|
|Flex SEL AWD||$278||$434||$352||$20||$106||$1,190||$99|
|Flex Limited 2WD||$278||$434||$352||$20||$106||$1,190||$99|
|Flex Limited AWD||$278||$434||$352||$20||$106||$1,190||$99|
|Get Your Own Custom Quote Go|
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Rate quotes do not factor in vehicle garaging location which can modify prices significantly.
Using the premium rates above, we can conclude that using a $250 deductible will cost in the ballpark of $16 more each month or $192 for a full year averaged for all Flex models than buying the higher $500 deductible. Because you would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 16 months between claim filings, you would come out ahead by selecting a higher deductible.
How to determine when to raise deductibles
|Average monthly premium for $250 deductibles:||$113|
|Average monthly premium for $500 deductibles (subtract):||- $97|
|Monthly savings from raising deductible:||$16|
|Difference between deductibles ($500 - $250):||$250|
|Divide difference by monthly savings:||$250 / $16|
|Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible||16 months|
One thing to be aware of is that raising deductibles to save money means you will have to pay more when you have to file a claim. You will want to have access to more funds in the event you need to pay the higher deductible in order to repair your vehicle.
Car insurance premiums by gender
The example below compares Ford Flex annual premium costs for male and female drivers. The rate quotes are based on no claims or violations, comp and collision included, $250 deductibles, drivers are single, and no discounts are applied to the premium.
Liability only or full coverage
The chart below shows the difference between Ford Flex auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The rates are based on no claims or driving violations, $500 deductibles, single marital status, and no policy discounts are applied.
Should you pay for full coverage?
There is no definitive guideline to exclude physical damage coverage, but there is a general convention. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.
For example, let's say your Ford Flex book value is $3,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $2,000 after paying the physical damage deductible. If it's costing you more than $200 a year for physical damage coverage, then you may need to consider dropping full coverage.
There are a few situations where buying only liability insurance is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should not remove full coverage.
Informed Consumers Know How to Find Insurance More Affordably
Many different elements are considered when premium rates are determined. Some of the criteria are obvious like a motor vehicle report, but others are not as apparent like where you live or how financially stable you are. It's important that you understand the factors that help calculate the level of your policy premiums. If you have a feel for what controls the rates you pay, this enables you to make decisions that may result in lower insurance prices.
The following are some of the items utilized by car insurance companies to help set your prices.
Demanding employer may mean higher rates - Did you know your occupation can influence how much you pay for insurance? Jobs like fire fighters, architects, and medical professionals generally have higher rates than average in part from intense work situations and incredibly demanding work hours. On the other hand, careers like scientists, historians and retirees get better rates.
Bundle home and auto and save - The majority of companies will award discounts to clients that purchase more than one policy such as combining an auto and homeowners policy. Discounts can be ten percent or more. Even though this discount sounds good, drivers will still want to compare Ford Flex rates in Colorado Springs to guarantee you are still saving the most.
Avoid policy lapses - Not having insurance is not a good idea and insurance companies will penalize you for letting your insurance lapse. Not only will rates go up, getting caught without coverage can result in a revoked license or a big fine.
Driving citations drive up prices - Whether or not you get tickets impacts your car insurance rates tremendously. Having a single driving citation could increase your next policy renewal by as much as twenty percent. Careful drivers get better rates than their less careful counterparts. People who have dangerous violations such as DWI, reckless driving or hit and run convictions may be required to submit a SR-22 form with their state's licensing department in order to prevent their license from being revoked.
The chart below illustrates how violations and at-fault fender-benders raise Ford Flex insurance costs for each different age category. The premium estimates are based on a single female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
Marriage discount - Having a spouse helps lower the price on your insurance bill. Having a significant other generally demonstrates drivers are more mature and responsible and it's statistically proven that married drivers tend to have fewer serious accidents.
Insurance rates and age - Drivers with little experience tend to be easily distracted when driving with friends and because of this, their insurance rates are much higher. Parents adding a teen driver to your policy can increase premiums substantially. More experienced drivers are more cautious drivers, cause fewer claims and accidents, and tend to be get fewer driving tickets.
The following chart is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.
Is your vehicle theft-ready? - Owning a car that has a built-in theft deterrent system can help lower your premiums. Systems that thwart thieves like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
Ford Flex insurance loss probability - Companies use historical loss data when they calculate premium prices for each model. Vehicles that the data shows to have high amounts or severity of claims will have increased rates. The next table illustrates the insurance loss data used by companies for Ford Flex vehicles.
For each insurance policy coverage type, the claim probability for all vehicles combined as an average is equal to 100. Values that are below 100 suggest a better than average loss history, while values that are above 100 show a trend for more claims or an increased chance of larger losses than average.
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Ford Flex 4dr 2WD||89||84||107||91||100||87|
|Ford Flex 4dr 4WD||105||84||119||77||79||75|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When to talk to an insurance agent
Some people still like to buy from a local agent and doing so can bring peace of mind A nice benefit of price shopping on the web is the fact that drivers can get cheap auto insurance quotes and still have an agent to talk to. Buying from and supporting small agencies is still important in Colorado Springs.
To help locate an agent, after submitting this simple form, the coverage information is emailed to participating agents in Colorado Springs who can give free rate quotes and help you find cheaper coverage. You won't need to drive around since price quotes are sent to you instantly. Get lower rates and a licensed agent to talk to. If you need to get a comparison quote for a specific company, you can always jump over to their website and submit a quote form there.
Different types of Colorado Springs car insurance agents
When looking for local Colorado Springs agents, there are two different agency structures and how they differ in how they can insure your vehicles. Auto insurance agents in Colorado Springs are categorized either exclusive or independent agents depending on their company appointments.
Independent Auto Insurance Agencies or Brokers
Independent agents are appointed with more than one company and that allows them to write policies through many different auto insurance companies and find you cheaper rates. To transfer your coverage to a different company, they simply switch companies in-house and you don't have to do anything. If you need lower rates, it's a good idea to get insurance quotes from a few independent agents to maximize your price options. Most also write with lesser-known insurance companies which can be an advantage.
The following is a short list of independent agents in Colorado Springs that may be able to give you comparison quotes.
- Springs Insurance Brokers
1837 Austin Bluffs Pkwy #101 - Colorado Springs, CO 80918 - (719) 268-1300 - 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
Agents of this type can only write with one company and some examples include AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agencies are unable to shop your coverage around so it's a take it or leave it situation. Exclusive agencies are highly trained on what they offer which helps them compete with independent agents. Some consumers prefer to use the same agent mainly due to the brand rather than low price.
The following are exclusive insurance agents in Colorado Springs willing to provide comparison quotes.
- Tom Harbert - State Farm Insurance Agent
8027 Academy Blvd N - Colorado Springs, CO 80920 - (719) 594-4500 - View Map
- Austin Morgan - State Farm Insurance Agent
2606 Palmer Park Blvd - Colorado Springs, CO 80909 - (719) 630-1800 - View Map
- Aileen Baldwin - State Farm Insurance Agent
540 W Garden of the Gods Rd - Colorado Springs, CO 80907 - (719) 599-9044 - View Map
Finding the right car insurance agent shouldn't rely on just a low price. Ask your prospective agent these questions:
- If they are an independent agency in Colorado Springs, which companies do they recommend?
- Is the coverage adequate for your vehicle?
- Do they assist clients in filing claims?
- Are they giving you every discount you deserve?
- What company holds the largest book of business for them?
- Is the agency active in community causes in Colorado Springs?
- How does the company pay claims for a total loss?
- Do they have 24-hour customer assistance?
In the end, you can save money
Cheaper insurance in Colorado Springs is available from both online companies as well as from insurance agents, so get free Colorado Springs car insurance quotes from both of them to have the best selection. Some companies do not provide online rate quotes and these smaller providers prefer to sell through independent agencies.
Consumers switch companies for a number of reasons such as lack of trust in their agent, being labeled a high risk driver, delays in paying claims or even high rates after DUI convictions. No matter why you want to switch, finding a great new company can be easy and end up saving you some money.
When you buy Colorado Springs car insurance online, it's very important that you do not skimp on coverage in order to save money. There have been many cases where someone sacrificed liability limits or collision coverage only to regret that it was a big error on their part. The goal is to purchase plenty of coverage at the best price and still be able to protect your assets.
Steps to finding cheaper rates for Ford Flex insurance in Colorado Springs
The easiest way to get budget auto insurance rates is to start comparing rates regularly from insurers who sell auto insurance in Colorado Springs. Drivers can shop around by completing these steps.
- It will benefit you to learn about how companies set rates and the modifications you can make to keep rates down. Many factors that are responsible for high rates like distracted driving and a not-so-good credit score can be improved by making lifestyle changes or driving safer.
- Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from one company like Progressive and State Farm, while independent agencies can provide rate quotes from multiple sources.
- Compare the new quotes to the price on your current policy to see if switching to a new carrier will save money. If you find a better price and switch companies, make sure there is no coverage gap between policies.
A tip to remember is that you'll want to compare identical coverage information on each price quote and and to analyze all possible companies. This guarantees a fair price comparison and the most accurate and complete price analysis.
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