Do you need a fast way to compare lower-priced Lincoln LS insurance in Colorado Springs? I really doubt anyone enjoys paying for car insurance, in particular when the cost is too high.
Unbelievably, the vast majority of consumers have been with the same company for well over three years, and 38% of customers have never compared rate quotes at all. Colorado drivers could save themselves 35% a year by just comparing rate quotes, but they don't believe how much savings they would realize if they switched.
People have so many auto insurance companies to pick from, and although it's a good thing to have a choice, more options can take longer to compare rates and find the lowest cost car insurance.
This article's intent is to teach you how auto insurance companies operate. If you currently have insurance, you stand a good chance to be able to reduce the price you pay using the ideas you're about to read. Nevertheless, Colorado car owners do need to know how insurance companies charge you for coverage and use it to find better rates.
Take these eight policy discounts and save on Lincoln LS insurance in Colorado Springs
Car insurance companies don't always advertise every discount they offer very well, so here is a list both well-publicized and the harder-to-find credits that you can use to lower your rates.
- Early Signing - Some companies provide a discount for signing up prior to your current LS insurance policy expiration. The savings is around 10%.
- Discount for Home Ownership - Just being a homeowner can get you a discount because maintaining a house requires personal responsibility.
- Discount for Low Mileage - Low annual miles could be rewarded with better prices on cars that stay parked.
- Defensive Driver Discount - Passing a course in defensive driver is a good idea and can lower rates if your company offers it.
- Life Insurance Discount - Larger car insurance companies have better car insurance rates if you take out life insurance.
- Sign Online - Some companies give back up to $50 for buying your policy on their website.
- Anti-lock Brakes - Cars that have anti-lock braking systems have fewer accidents and qualify for as much as a 10% discount.
- Drive Safe and Save - Drivers without accidents could pay up to 40% less compared to rates paid by drivers with frequent claims.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you could get a free car insurance policy, car insurance companies aren't that generous.
To see insurance companies with discount car insurance rates in Colorado, follow this link.
The are a couple different ways to get quotes from many different Colorado insurance companies. One of the best ways to lower the rate you pay for insurance is to get quotes online.
It's so easy to compare price quotes online that it replaces the need to actually drive to insurance agencies in your area. Buying insurance online eliminates this option unless you require the peace of mind that you can only get from talking to an agent. It is possible with some companies price shop online but have a local agent actually write the policy.
It's important to know that having more price comparisons helps you find more affordable rates. Not every company allows you to get Colorado Springs LS insurance quotes online, so it's important to compare prices from them, too.
The providers in the list below can provide free quotes in Colorado Springs, CO. To buy the best car insurance in Colorado, we suggest you visit several of them to find the lowest auto insurance rates.
How do I know if I need professional advice?
When it comes to choosing the best insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Your financial needs are unique so this has to be addressed. For example, these questions can aid in determining if your situation would benefit from professional advice.
- Are my tools covered if they get stolen from my vehicle?
- What does UM/UIM cover?
- What is an SR-22 filing?
- Does my insurance cover a custom paint job?
- What exactly is covered by my policy?
- I don't drive much so do I pay less?
- What is medical payments coverage?
If you're not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
What if I want to buy from local Colorado Springs insurance agents?
Some consumers prefer to get professional advice from a licensed agent and that is just fine! The biggest benefit of getting free rate quotes online is that drivers can save money and get cheap insurance quotes and still buy from a local agent. Buying insurance from local agencies is definitely important in Colorado Springs.
By using this short form, the quote information is transmitted to companies in Colorado Springs who want to provide quotes and help you find cheaper coverage. You won't even need to even leave your home since price quotes are sent immediately to your email address. You can find the lowest rates without a big time investment. If you need to compare rates from one company in particular, you can always find their quoting web page and submit a quote form there.
Below are Colorado Springs auto insurance companies that may be willing to give price quotes for Lincoln LS insurance in Colorado Springs.
Choosing an insurance company should include more criteria than just the bottom line cost. The questions below may impact your decision as well.
- Where would glass claims be handled in Colorado Springs?
- Can you get a list of referrals?
- What company do they have the most business with?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Does the company have a local claim office in Colorado Springs?
- What is the agency's Better Business Bureau rating?
- Do they offer rental car reimbursement?
- Which family members are covered?
If you feel you receive answers to your satisfaction and locked in a price quote, most likely you have located an insurance company that is reliable enough to properly insure your vehicles.
Insurance does more than just repair your car
Even though it's not necessarily cheap to insure a Lincoln in Colorado Springs, buying insurance serves several important purposes.
- The majority of states have compulsory liability insurance requirements which means state laws require specific limits of liability insurance in order to license the vehicle. 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 you bought your LS with a loan, it's most likely the lender will make it a condition of the loan that you have full coverage to guarantee loan repayment. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your Lincoln at a much higher rate and require you to pay for it.
- Insurance preserves both your car and your personal assets. Insurance will also pay for most medical and hospital costs for you, any passengers, and anyone injured in an accident. As part of your policy, liability insurance also covers legal expenses if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will cover the damage repairs after a deductible is paid.
The benefits of buying insurance definitely exceed the cost, particularly for liability claims. As of last year, the average driver in Colorado is wasting up to $865 each year so compare quotes from several companies at least once a year to ensure rates are inline.
Insurance coverage options for a Lincoln LS
Understanding the coverages of your insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverages available from insurance companies.
This coverage covers damage to your LS from colliding with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims such as hitting a mailbox, rolling your car, colliding with a tree, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible on your LS in order to get cheaper collision rates.
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as damage from flooding, damage from a tornado or hurricane, theft and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.
Uninsured and underinsured coverage
This coverage protects you and your vehicle's occupants from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Lincoln LS.
Because many people have only the minimum liability required by law (25/50/15), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are identical to your policy's liability coverage.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like doctor visits, dental work, nursing services and pain medications. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage
Liability car insurance
Liability coverage protects you from damage or injury you incur to other people or property by causing an accident. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/15 which means a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged property. Occasionally you may see a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as repair bills for other people's vehicles, structural damage and emergency aid. How much coverage you buy is up to you, but it's cheap coverage so purchase as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but drivers should carry more liability than the minimum.
The next chart shows why buying low liability limits may not be high enough to cover claims.
Colorado auto insurance companies
Insuring your vehicle with the best insurer can be difficult considering how many different insurance companies sell coverage in Colorado. The rank data shown below can help you select which auto insurers to look at when shopping around.
Top 10 Colorado Springs Car Insurance Companies by A.M. Best Rank
- USAA - A++
- Travelers - A++
- State Farm - A++
- GEICO - A++
- Esurance - A+
- Nationwide - A+
- Allstate - A+
- Mercury Insurance - A+
- Progressive - A+
- Titan Insurance - A+
Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Shop around and save
When trying to cut insurance costs, you should never buy poor coverage just to save money. There are many occasions where consumers will sacrifice liability coverage limits and discovered at claim time that they should have had better coverage. The goal is to buy the best coverage you can find at the best cost and still be able to protect your assets.
We covered many ideas to compare Lincoln LS insurance rates in Colorado Springs. The key concept to understand is the more quotes you get, the better likelihood of getting low cost Colorado Springs car insurance quotes. Consumers could even find that the lowest rates come from a small mutual company. Smaller companies can often provide lower auto insurance rates in certain areas compared to the large companies like Progressive and GEICO.
Lower-priced Lincoln LS insurance in Colorado Springs can be purchased both online in addition to many Colorado Springs insurance agents, and you should be comparing both to have the best rate selection. Some insurance providers may not offer price quotes online and most of the time these regional insurance providers work with independent insurance agents.
How to save money on Lincoln LS insurance in Colorado Springs
The best way to get low-cost car insurance rates is to compare prices at least once a year from different companies who provide car insurance in Colorado Springs. Prices can be compared by following these steps.
Step 1: Read and learn about the different coverages in a policy and the measures you can take to prevent high rates. Many risk factors that result in higher rates such as careless driving and a less-than-favorable credit rating can be rectified by making minor changes in your lifestyle.
Step 2: Compare rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from one company like Progressive and State Farm, while agents who are independent can give you price quotes for a wide range of insurance providers.
Step 3: Compare the new quotes to your existing policy and see if there is a cheaper rate in Colorado Springs. If you find better rates, make sure there is no lapse in coverage.
Step 4: Tell your current agent or company of your intention to cancel your current car insurance policy. Submit the signed application along with the required initial payment to the new insurer. Be sure to put the proof of insurance certificate in an easily accessible location in your vehicle.
One thing to point out is to try to use the same deductibles and limits on every quote and and to analyze every insurance company. This provides the most accurate price comparison and and a good selection of different prices.
For more information, feel free to visit the following helpful articles:
- Safety Belts FAQ (iihs.org)
- Who Has Cheap Auto Insurance Quotes for High School Students in Colorado Springs? (FAQ)
- Prepare your Teens for Safe Driving (InsureUonline.org)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)