Ford Fiesta insurance cost image courtesy of QuoteInspector.com
Want to save money and find lower-priced Ford Fiesta insurance in Colorado Springs? Paying for pricey Ford Fiesta insurance in Colorado Springs can deplete your checking account and force you to cut corners elsewhere. Doing a rate analysis is a great way to tighten up your finances.
It's a known fact that car insurance companies don't want policyholders to compare prices from other companies. People who get price quotes annually will most likely switch companies because there are good odds of finding lower prices. A recent survey discovered that drivers who shopped around saved about $3,500 over four years as compared to drivers who don't make a habit of comparing rates.
If finding the cheapest price on insurance in Colorado Springs is your ultimate objective, then learning a little about how to find companies and compare insurance can help you succeed in finding affordable rates.
Steps to finding lower priced Ford Fiesta insurance in Colorado Springs
The preferred way to find affordable quotes for Ford Fiesta insurance is to do a yearly price comparison from insurers in Colorado Springs.
- First, get an understanding of coverages and the measures you can control to lower rates. Many policy risk factors that cause high rates like speeding tickets, accidents and poor credit rating can be eliminated by making minor changes to your lifestyle. Later in this article we will cover ideas to get affordable coverage and earn larger discounts.
- Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like Progressive and State Farm, while independent agencies can quote prices from many different companies. View prices
- Third, compare the new rate quotes to the premium of your current policy to see if you can save by switching companies. If you find better rates and switch companies, ensure there is no coverage lapse between policies.
The key thing to remember is that you'll want to compare identical limits and deductibles on each quote and and to get quotes from as many companies as you can. Doing this ensures the most accurate price comparison and the most accurate and complete price analysis.
Many auto insurance companies compete for your business, and it can be difficult to compare rates to find the absolute lowest rate on Ford Fiesta insurance in Colorado Springs.
It's a great practice to get comparison quotes before your policy renews since prices trend upward over time. Even if you got the best deal on Ford Fiesta insurance in Colorado Springs a couple years back a different company probably has better premium rates today. Ignore everything you know about car insurance because it's time to teach you how to use online quotes to save on car insurance.
The are a couple different ways to compare rate quotes from companies that offer car insurance in Colorado. One of the best ways to lower the rate you pay for Ford Fiesta insurance is to get quotes online.
It's so fast and easy to compare price quotes online that it makes it obsolete to drive to insurance agencies in your area. The ability to get quotes online can eliminate the need for a local agent unless you prefer the professional abilities of an agent trained in personal lines coverage. If you prefer, some companies allow you to get prices online but purchase the actual policy in an agency.
When quoting car insurance, remember that comparing all the rates in your area gives you a better chance of getting the best price.
The companies shown below can provide price quotes in Colorado. To buy the best cheap auto insurance in Colorado Springs, we suggest you visit as many as you can in order to find the most affordable rates.
It may be expensive, but it's not optional
Even though Colorado Springs Fiesta insurance rates can get expensive, maintaining insurance may not be optional for several reasons.
First, most states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability coverage in order to drive the car. 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 you took out a loan on your car, more than likely the lender will make it a condition of the loan that you have physical damage coverage to protect their interest in the vehicle. If coverage lapses or is canceled, the bank will be required to insure your Ford at a much higher premium rate and require you to reimburse them much more than you were paying before.
Third, insurance preserves not only your Ford Fiesta but also your assets. It will also cover medical bills for both you and anyone you injure as the result of an accident. Liability coverage also covers all legal expenses up to the policy limit if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, your insurance policy will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance definitely exceed the cost, especially with large liability claims. Unknowingly, the average driver is overpaying more than $869 every year so shop around each time the policy renews to ensure rates are inline.
How Your Fiesta Insurance Prices are Determined
Many factors are used when you get a price on insurance. Some are pretty understandable such as your driving record, although some other factors are not as apparent such as your marital status or your financial responsibility. Consumers need to have an understanding of a few of the rating criteria that come into play when calculating the rates you pay for auto insurance. When you know what positively or negatively determines base rates, this allows you to make educated decisions that will entitle you to better auto insurance rates.
Listed below are some of the items used by insurance companies to determine your premiums.
Cars with good safety ratings lower prices - Vehicles with good safety scores cost less to insure. Safe vehicles reduce occupant injuries and lower injury rates means less claims paid and cheaper rates on your policy.
Your gender affects premiums - Over the last 30 years, statistics show females are less aggressive when driving. Now that doesn't mean females are better at driving than males. Females and males tend to get into fender benders in similar percentages, but the males tend to have higher claims. Not only are claims higher, but men get more serious tickets such as DWI and reckless driving. Teenage male drivers are the most expensive to insure and therefore are the most expensive to insure.
Cautious drivers have lower prices - Drivers who don't get tickets tend to pay less for car insurance than people who have multiple driving citations. Even one speeding ticket or other violation can boost insurance rates by twenty percent. Drivers who have received careless tickets such as hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state's licensing department in order to keep their license.
Your employer can affect prices - Jobs like military generals, police officers, and accountants are shown to have higher rates than average due to job stress and lengthy work days. Other professions such as farmers, students and retirees receive lower rates.
Theft deterrents save - Choosing to buy a car that has an advanced theft prevention system can help lower your rates. Theft prevention features such as OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems all hinder vehicle theft.
High performance vehicles cost more to insure - The make and model of the car, truck or SUV you need insurance for makes a significant difference in the rate you pay. The most favorable rates tend to be for economy passenger cars, but many other things help determine your insurance rates.
Ford Fiesta historical loss data - Insurers use past insurance losses to help set a rate to offset losses. Vehicles that tend to have high amounts or severity of claims will cost more for specific coverages. The table below illustrates the historical loss data for Ford Fiesta vehicles.
For each policy coverage, the loss probability for all vehicles compiled together is set at 100. Numbers under 100 mean the vehicle has better than average losses, while numbers above 100 point to more losses or an increased probability of a larger loss.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Best auto insurance in Colorado Springs
Finding the top car insurance company can be a challenge considering how many companies are available to choose from in Colorado. The rank data displayed below could help you decide which car insurance companies to look at when comparing rate quotes.
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 Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Affordable insurance rates are possible
Cheaper insurance in Colorado Springs is attainable on the web as well as from insurance agents, so you need to quote Colorado Springs auto insurance with both in order to have the best chance of saving money. Some companies don't offer online price quotes and many times these small insurance companies only sell coverage through independent insurance agencies.
We just covered a lot of ways to compare Ford Fiesta insurance premium rates in Colorado Springs. It's most important to understand that the more rate quotes you have, the more likely it is that you will get a better rate. You may even be surprised to find that the lowest premium rates are with the least-expected company. They can often provide lower prices in certain areas than their larger competitors like State Farm and Allstate.
How to buy low-cost Ford Fiesta insurance in Colorado Springs
If saving the most money is your goal, then the best way to find affordable auto insurance rates in Colorado Springs is to start doing a yearly price comparison from insurance carriers that insure vehicles in Colorado.
Step 1: It will benefit you to learn about how car insurance works and the things you can change to prevent expensive coverage. Many policy risk factors that drive up the price like speeding tickets, careless driving and a substandard credit history can be remedied by making minor driving habit or lifestyle changes.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO and Allstate, while independent agents can give you price quotes for a wide range of insurance providers.
Step 3: Compare the new rates to the premium of your current policy to see if cheaper Fiesta coverage is available in Colorado Springs. If you find a lower rate and switch companies, make sure coverage is continuous and does not lapse.
Step 4: Notify your agent or company of your intention to cancel the current policy. Submit the required down payment along with the signed application for your new policy. As soon as you can, keep your new certificate verifying coverage in an easily accessible location.
One bit of advice is that you use identical coverages on every quote request and and to get prices from as many different companies as possible. This ensures a fair price comparison and the best price selection.
Additional insurance information can be read on the following sites:
- Auto Insurance Facts and Statistics (Insurance Information Institute)
- Who Has Cheap Colorado Springs Auto Insurance Rates for a Ford Escape? (FAQ)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a 20 Year Old Male? (FAQ)
- Who Has Cheap Auto Insurance Quotes for High School Students in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a Ford Explorer? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance Rates for Uber Drivers in Colorado Springs? (FAQ)
- How Much are Auto Insurance Quotes for Active Military in Colorado Springs? (FAQ)
- Vehicle Safety Ratings (iihs.org)
- Teen Driving Statistics (GEICO)
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Self-driving cars won't replace humans (Insurance Institute for Highway Safety)