I can't think of a single person who is fond of buying insurance, in particular when the price is too high.
Surprisingly, a recent survey revealed that most Colorado insurance customers kept their policy with the same company for four years or more, and nearly 40% of drivers have never shopped around. Many drivers in America could pocket approximately $859 a year just by shopping around, but most just don't grasp the actual amount they would save if they replace their high priced policy.
Steps to finding better rates for Acura TL insurance in Colorado Springs
If you want to save money, the best way to find affordable quotes for Acura TL insurance is to start comparing rates regularly from providers that insure vehicles in Colorado Springs. Rates can be compared by completing these steps.
Step 1: Take a little time to learn about how auto insurance works and the modifications you can make to prevent high rates. Many factors that drive up the price like traffic tickets, fender benders, and poor credit history can be amended by making minor changes in your lifestyle.
Step 2: Get rate quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agents can provide prices from multiple companies.
Step 3: Compare the new rates to the price on your current policy and see if there is a cheaper rate. If you can save some money and make a switch, make sure coverage does not lapse between policies.
Step 4: Provide notification to your current agent or company to cancel your existing policy. Submit payment and a completed application to the newly selected company. When you receive it, place your new proof of insurance certificate in an accessible location in your vehicle.
One thing to remember is to try to use identical coverage information on every quote request and to quote with as many companies as you can. This provides an accurate price comparison and the most accurate and complete price analysis.
You have so many insurers to insure vehicles with, and though it is a good thing to be able to choose, so many choices can make it hard to compare rates for Acura TL insurance in Colorado Springs.
Consumers need to take a look at other company's rates periodically because prices change frequently. Even if you think you had the lowest rate on Acura TL insurance in Colorado Springs at your last renewal the chances are good that you can find a lower premium rate today. You'll find a ton of advice on TL insurance online but by reading this article, you're going to learn some proven techniques to put money back in your pocket.
Best companies for Acura TL insurance
The companies shown below can provide free quotes in Colorado. To find cheap auto insurance in Colorado, it's a good idea that you get prices from several of them to get the most affordable price.
Insurance coverage analysis
The rate table shown next highlights estimates of insurance rates for Acura TL models. Understanding more about how insurance quotes are established can help customers make smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|TL 3.5 W/Technology Package||$350||$538||$460||$28||$138||$1,514||$126|
|TL 3.7 SH AWD||$350||$538||$460||$28||$138||$1,514||$126|
|TL 3.7 SH W/Technology Package AWD||$350||$620||$460||$28||$138||$1,596||$133|
|Get Your Own Custom Quote Go|
Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Premium costs do not factor in specific garaging location which can lower or raise rates significantly.
The illustration below shows how choosing a deductible and can increase or decrease Acura TL insurance rates for each age group. The data is based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.
Full coverage or liability only
The diagram below shows the difference between Acura TL insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The prices are based on no violations or claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.
When to eliminate full coverage
There is no definitive rule of when to phase out full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is about 10% or more of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
For example, let's say your Acura TL claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, you would only receive $2,000 after paying your deductible. If it's costing in excess of $200 a year to have full coverage, then you might want to think about dropping full coverage.
There are some situations where dropping physical damage coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should keep full coverage in place.
Acura TL Insurance Costs Can Be Lower
Many factors are considered when premium rates are determined. Some are obvious like an MVR report, but other criteria are more obscure like where you live or your financial responsibility. The best way to find cheaper insurance is to take a look at some of the things that play a part in calculating your policy premiums. When you know what positively or negatively determines premiums, this allows you to make good choices that will entitle you to much lower annual insurance costs.
Listed below are a few of the "ingredients" used by companies to determine your prices.
Optional features that cut premiums - Choosing a vehicle with an alarm system can get you a discount on your insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent vehicle theft.
Car and home together may be cheaper - Most larger companies apply discounts to policyholders that buy multiple policies, otherwise known as a multi-policy discount. Even with this discount applied, you still need to get quotes from other companies to verify if the discount is saving money.
Gals tend to take less risk - Over the last 50 years, statistics have shown that females tend to be a little less risky than males. However, this does not mean females are better drivers. Women and men cause at-fault accidents at about the same rate, but the men cause more damage. They also get cited for more serious violations like DUI and reckless driving. Young men ages 16 to 20 have the highest risk to insure and are penalized with high insurance rates.
The illustration below shows the comparison of Acura TL insurance prices for male and female drivers. The price estimates are based on a clean driving record, no claims, comprehensive and collision coverage, $250 deductibles, marital status is single, and no discounts are applied to the premium.
Eliminate extra policy coverages - There are a lot of additional extra coverages you can purchase but may not be useful. Coverage for things like rental car reimbursement, towing coverage, and additional equipment coverage may be costing you every month. The coverages may be enticing when deciding what coverages you need, but if they're wasting money remove them from your policy.
Liability insurance - A critical coverage on your policy, liability insurance provides coverage if you are found to be at fault for causing personal injury or damage in an accident. Liability provides legal defense which can cost a lot. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so insureds should have plenty of protection for their assets.
Your occupation is a factor - Do you work in a high-stress field? Jobs like doctors, airline pilots, and emergency personnel generally have higher premium rates due to stressful work requirements and lots of time spent away from family. On the other hand, occupations such as scientists, engineers and retirees receive lower rates.
Prevent insurance policy lapses - Driving your car without having proper coverage can get your license suspended and companies may charge more for letting your coverage have a gap. In addition to paying higher rates, being ticketed for driving with no insurance might get you a revoked license or a big fine.
Premiums drop with age - Teenage drivers in Colorado tend to be easily distracted in a vehicle so they pay higher insurance rates. Adding a teenage driver to your policy can be quite pricey. Older people are more responsible, cost insurance companies less in claims, and get fewer tickets.
The next chart uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.
Acura TL insurance claim data - Companies use past insurance losses in order to profitably underwrite each model. Models that the data shows to have increased losses will have higher rates for specific coverages. The table below outlines the historical insurance loss data for Acura TL vehicles.
For each insurance policy coverage type, the loss probability for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are under 100 mean the vehicle has better than average losses, while values that are 100 or greater indicate more frequent losses or tendency to have higher losses.
|Specific Acura Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Acura TLX 4dr 2WD||90||75||97||93||74||77|
|Acura TLX 4dr 4WD||120||75|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Affordable Acura TL insurance rates in Colorado Springs
Car insurance companies don't always publicize every available discount very clearly, so the list below gives a summary of both the well known as well as some of the hidden credits available to lower your premiums when you buy Colorado Springs car insurance online.
- Renewal Discounts - Select larger companies give a discount for renewing your policy before your current TL insurance policy expires. It's a savings of about 10%.
- Bundled Policy Discount - If you can bundle your home and auto insurance with the same company you will save 10% to 20% off each policy.
- Home Ownership Discount - Simply owning a home may earn you a small savings because it is proof of financial responsibility.
- Pay Now and Pay Less - If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
- Paperwork-free - Some of the larger companies will give you a small discount for buying your policy on your computer.
- Multiple Vehicles - Buying coverage for multiple cars with the same company can get a discount for every vehicle.
As a disclaimer on discounts, many deductions do not apply to the whole policy. A few only apply to individual premiums such as comp or med pay. Even though it may seem like you can get free auto insurance, that's just not realistic. But any discount will bring down the cost of your policy.
The diagram below illustrates the comparison of Acura TL insurance premiums with and without some available policy discounts. The price estimates are based on a male driver, a clean driving record, no claims, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, marriage, multi-policy, and claim-free discounts applied.
Large car insurance companies and some of their more popular discounts can be found below.
- Farm Bureau policyholders can earn discounts including renewal discount, multi-vehicle, youthful driver, 55 and retired, driver training, safe driver, and good student.
- Liberty Mutual may offer discounts for hybrid vehicle, multi-policy, exclusive group savings, newly retired, newly married, and new vehicle discount.
- State Farm has discounts for student away at school, defensive driving training, anti-theft, multiple policy, accident-free, and safe vehicle.
- Auto-Owners Insurance includes discounts for company car, anti-theft, multiple vehicles, anti-lock brakes, safe vehicle, good student, and group or association.
- GEICO offers discounts including anti-theft, multi-vehicle, good student, federal employee, five-year accident-free, and air bags.
- SAFECO offers premium reductions for bundle discounts, accident prevention training, teen safety rewards, anti-lock brakes, teen safe driver, anti-theft, and multi-car.
Double check with each company which discounts they offer. Discounts might not apply in your area. If you would like to choose from a list of car insurance companies that offer many of these discounts in Colorado, click this link.
Compare rates but buy from a local neighborhood Colorado Springs car insurance agent
Certain consumers would rather get professional advice from a licensed agent. One of the benefits of comparing rate quotes online is the fact that you can find better rates and also buy local. And buying from local insurance agents is definitely important in Colorado Springs.
By using this simple form, the quote information is submitted to local insurance agents in Colorado Springs who can give free rate quotes for your car insurance coverage. It makes it easy because there is no need to drive around as quotes are delivered to you instantly. It's the lowest rates and work with a local agent. If for some reason you want to get a rate quote from a particular provider, just go to their quote page and complete a quote there.
Two different types of car insurance agents
If you would like to find local Colorado Springs agents, it's important to understand the types of insurance agents to choose from. Agents in Colorado Springs may be either exclusive or independent.
Independent Agents (or Brokers)
These agents often have affiliation with several companies so they have the ability to put coverage with lots of companies and find the cheapest rate. If you are not satisfied with one company, they simply switch companies in-house which is easy for the insured.
When comparing car insurance prices, you will definitely want to get insurance quotes from several independent insurance agents so that you have a good selection of quotes to compare.
Featured below are independent insurance agencies in Colorado Springs who may be able to give you competitive price quotes.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map
Exclusive Insurance Agencies
Agents of this type work for only one company such as American Family, State Farm, and Allstate. Exclusive agents cannot compare rates from other companies so always compare other rates. Exclusive agents are well schooled in insurance sales which can be an advantage.
Shown below is a list of exclusive agencies in Colorado Springs that can give you comparison quotes.
Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map
American Family Insurance - Michael Brandl Agency Inc.
1965 Dominion Way Ste 120 - Colorado Springs, CO 80918 - (719) 630-7557 - View Map
American Family Insurance - Dave Karstens Agency Inc.
3225 Templeton Gap Rd Ste 104 - Colorado Springs, CO 80907 - (719) 636-3336 - View Map
Selecting a auto insurance agent should depend on more than just the quoted price. Any agent in Colorado Springs should be willing to answer these questions.
- Can you contact them at any time?
- How long has their agency been in business in Colorado Springs?
- Is there any savings for paying the full premium?
- Do they prorate repair cost based on vehicle mileage?
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
If you receive good answers for all questions you ask and an acceptable price quote, you have narrowed it down to an auto insurance agent that is reliable enough to properly service your car insurance policy. But remember, you can always cancel a policy when you choose so never feel that you are permanently stuck with a specific agent for the entire policy term.
Colorado car insurance companies
Ending up with the best auto insurance company is difficult considering how many companies there are to choose from in Colorado Springs. The information displayed below could help you analyze which coverage providers you want to consider putting your business with.
Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Insurance is unique, just like you
When buying coverage online or from an agent, there isn't really a perfect coverage plan. Your needs are unique to you.
These are some specific questions might point out if your insurance needs may require specific advice.
- Do I need replacement cost coverage?
- Will I be non-renewed for getting a DUI or other conviction?
- Exactly who is provided coverage by my policy?
- Do I have coverage for damage caused while driving under the influence?
- How much can I save by bundling my policies?
- What is the rate difference between pleasure use and commuting?
If you can't answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form.
Cover all your bases
Lower-priced auto insurance in Colorado Springs can be purchased both online in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from. Some insurance providers do not provide online price quotes and usually these smaller providers only sell coverage through independent agencies.
We just presented a lot of ways to get a better price on Acura TL insurance in Colorado Springs. The key thing to remember is the more rate comparisons you have, the higher your chance of finding the cheapest Acura TL rate quotes. You may even be surprised to find that the biggest savings come from the smaller companies.
People switch companies for a number of reasons such as delays in paying claims, an unsatisfactory settlement offer, denial of a claim or extreme rates for teen drivers. It doesn't matter what your reason, finding the right auto insurance provider can be easy and end up saving you some money.
How to save money on Acura TL insurance in Colorado Springs
The recommended way to save money on auto insurance rates in Colorado Springs is to regularly compare quotes from insurance carriers who sell insurance in Colorado. You can shop around by following these guidelines.
- Take a few minutes and learn about what coverages are included in your policy and the things you can control to keep rates in check. Many factors that result in higher prices such as careless driving and a low credit rating can be amended by making minor driving habit or lifestyle changes.
- Quote rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can give quotes from a single company like GEICO or Farmers Insurance, while agents who are independent can quote prices for many different companies.
- Compare the new rate quotes to your current policy to determine if you can save on TL insurance in Colorado Springs. If you find a lower rate and switch companies, make sure coverage does not lapse between policies.
- Notify your company or agent of your intention to cancel your current car insurance policy. Submit the completed application along with a down payment to the new insurer. When you receive it, store the certificate of insurance along with the vehicle's registration papers.
An important note is to use the same deductibles and limits on each quote and and to get rate quotes from every insurance company. Doing this ensures a level playing field and and a good selection of different prices.