It’s a fact that auto insurance companies don’t want you to look for cheaper rates. Drivers who shop for lower prices are very likely to switch car insurance companies because the odds are good of finding a lower-priced company. A survey found that drivers who compared rates once a year saved about $72 a month compared to policyholders who never shopped for cheaper rates.
If finding budget-friendly car insurance in Colorado Springs is your goal, then understanding how to find and compare insurance can save time, money, and frustration.
Truthfully, the best way to get cheaper Honda Clarity insurance is to make a habit of regularly comparing prices from companies who provide auto insurance in Colorado Springs. Prices can be compared by following these guidelines.
- Try to learn about policy coverages and the things you can control to prevent high rates. Many things that result in higher rates such as distracted driving and bad credit can be remedied by paying attention to minor details. Keep reading for more details to find cheap rates and find overlooked discounts.
- Quote rates from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from a single company like GEICO and State Farm, while independent agents can give you price quotes for a wide range of insurance providers.
- Compare the price quotes to the price on your current policy and see if there is a cheaper rate in Colorado Springs. If you can save some money and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide notification to your current agent or company of your intent to cancel your current policy. Submit the signed application along with the required initial payment to your new insurance company. Once the application is submitted, place the new proof of insurance paperwork in your vehicle’s glove compartment or console.
The critical component of shopping around is that you use similar coverage information on every quote request and and to get rate quotes from every company you can. This helps ensure a fair rate comparison and a complete price analysis.
Quote Colorado Springs Honda Clarity insurance online
The providers in the list below are ready to provide free rate quotes in Colorado. If multiple companies are listed, we recommend you visit as many as you can in order to find the most competitive rates.
Why you need to buy insurance
Despite the high cost, insuring your vehicle serves a purpose in several ways.
First, the majority of states have mandatory liability insurance requirements which means the state requires specific minimum amounts of liability protection if you want to drive legally. 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 your vehicle has a lienholder, most lenders will have a requirement that you buy insurance to protect their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Honda for a lot more money and force you to pay the higher price.
Third, insurance protects both your Honda and your assets. Insurance will also pay for medical transport and hospital expenses for not only you but also any passengers injured in an accident. Liability insurance will also pay for a defense attorney in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to repair the damage.
The benefits of having insurance are without a doubt worth the cost, particularly for liability claims. Unknowingly, the average driver overpays as much as $869 every year so it’s very important to do a rate comparison at every policy renewal to make sure the price is not too high.
Find Honda Clarity Insurance More Affordably
An important part of buying insurance is that you know some of the factors that help calculate the level of your policy premiums. If you have some idea of what determines premiums, this allows you to make good choices that may reward you with lower rates. Many factors are taken into consideration when you quote your car insurance policy. Some of the criteria are obvious like a motor vehicle report, but other criteria are less obvious such as your credit history and annual miles driven.
Shown below are some of the factors insurance companies consider when setting premiums.
Rental and towing coverage may not be needed – There are many additional coverages that sound like a good idea at the time but may not be useful. Things like personal injury protection, better glass coverage, and motor club memberships are examples of these. They may seem good when discussing your needs, but if you have no use for them get rid of them and save.
Safety ratings are a factor – Vehicles with high crash test scores tend to be cheaper to insure. Vehicles built for safety have better occupant injury protection and lower rates of occupant injuries translates directly to fewer claims passed on to you as lower rates. If your Honda earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
Pay more by driving carelessly – Good drivers have lower premiums than their less careful counterparts. Getting just one driving citation may increase your cost by twenty percent. Drivers unfortunate enough to have serious violations like reckless driving or DUI might be required by their state to complete a SR-22 with their state in order to prevent a license revocation.
Alarms and GPS tracking lower rates – Choosing to buy a car that has a built-in theft deterrent system can help lower your premiums. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder auto theft.
Does insurance cost more for men? – Statistics show females are less aggressive when driving. The data does not necessarily mean that men are WORSE drivers than women. Females and males are responsible for at-fault accidents in similar numbers, but the men have costlier accidents. In addition to higher claims, males also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly.
Liability coverage safeguards assets – The liability coverage on your policy kicks in if ever you are determined to be liable for an accident. It provides legal defense which can cost a lot. This coverage is very inexpensive compared to other policy coverages, so drivers should buy more than the minimum limits required by law.
You might pay more if you are single – Having a significant other can get you a discount compared to being single. It usually means you are more financially stable it has been statistically shown that being married results in fewer claims.
How to find a good Colorado auto insurance company
Buying coverage from a highly-rated company is difficult considering how many companies sell insurance in Colorado Springs. The company rank data listed below can help you select which providers to look at purchasing coverage from.
Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Colorado Springs Car Insurance Companies Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- Mercury Insurance
- AAA Insurance
- State Farm
Quote. Compare. Save.
Insureds change insurance companies for any number of reasons including high prices, delays in paying claims, poor customer service or delays in responding to claim requests. It doesn’t matter why you want to switch choosing a new insurance company is actually quite simple.
As you shop your coverage around, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase plenty of coverage for the lowest price, but don’t skip important coverages to save money.
Cheap Honda Clarity insurance in Colorado Springs is attainable on the web as well as from insurance agents, so you need to shop Colorado Springs auto insurance with both to have the best selection. A few companies do not provide rate quotes online and usually these small, regional companies sell through local independent agents.
More tips and info about insurance can be read at these sites:
- A Tree Fell on Your Car: Now What? (Allstate)
- Who Has the Cheapest Auto Insurance Rates for a Toyota Tacoma in Colorado Springs? (FAQ)
- How Much are Car Insurance Rates for a Toyota Highlander in Colorado Springs? (FAQ)
- What Auto Insurance is Cheapest for Good Students in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for Uninsured Drivers? (FAQ)
- Who Has Affordable Car Insurance Quotes for Inexperienced Drivers in Colorado Springs? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- Think You’re a Safe Driver? (State Farm)