Regrettably, the majority of drivers have stayed with the same insurance company for over three years, and nearly half have never quoted rates to find lower-cost coverage. Drivers in Colorado can save hundreds of dollars each year, but they just don’t understand how easy it is to compare rate quotes online.
To save the most money, the best way to get budget Fiat 500 insurance is to compare quotes once a year from insurers who provide auto insurance in Colorado Springs.
Step 1: Get an understanding of how your policy works and the things you can control to prevent expensive coverage. Many rating criteria that increase rates such as accidents, careless driving, and a not-so-good credit history can be remedied by making lifestyle changes or driving safer. Keep reading for additional ideas to keep prices down and find hidden discounts.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from a single company like GEICO or State Farm, while agents who are independent can provide price quotes for many different companies.
Step 3: Compare the price quotes to your current policy premium and determine if there is any savings. If you find a better price and decide to switch, make sure coverage does not lapse between policies.
Step 4: Provide written notification to your current company of your decision to cancel your current auto insurance policy. Submit a down payment along with a signed application to the new company. Make sure you keep the new certificate verifying coverage along with your vehicle registration.
The critical component of shopping around is that you’ll want to compare identical limits and deductibles on each price quote and and to get quotes from every insurance company. Doing this provides the most accurate price comparison and the best rate selection.
If you’re already insured or are shopping for new coverage, use these cost-cutting techniques to get lower rates and still get good coverage. Buying the cheapest insurance in Colorado Springs is much easier if you have a good place to start. Drivers just have to understand the proper way to shop for insurance over the internet.
Cutting your Colorado Springs insurance rates is not a difficult process. The only thing you need to do is invest a little time to compare rate quotes to find out which insurance company has cheaper Colorado Springs car insurance quotes.
Getting rates online is very simple and it makes it obsolete to spend your day driving to insurance agents’ offices. Shopping for insurance online eliminates this option unless your situation requires the peace of mind that only an agent can give. You can, however, price shop your coverage online but have your policy serviced through an agent.
The providers in the list below have been selected to offer comparison quotes in Colorado Springs, CO. If multiple companies are listed, we suggest you visit two to three different companies in order to find the cheapest rates.
Lower rate quotes on Fiat 500 insurance in Colorado Springs with these discounts
Auto insurance companies don’t list all their discounts very clearly, so the following list contains some of the more common in addition to some of the lesser obvious credits available to bring down your rates.
- Low Miles Discount – Keeping the miles down on your Fiat can qualify you for lower insurance rates on the low mileage vehicles.
- Own a Home and Save – Just being a homeowner can save you money since owning and maintaining a home is proof of financial responsibility.
- Payment Method – By making one initial payment as opposed to paying monthly you may have a lower total premium amount.
- Paperless Signup – Many larger companies will provide an incentive for buying a policy and signing up on their website.
- Life Insurance – Not all insurance companies offer life insurance, but some may give you a discounted premium rate on car insurance if you buy a life insurance policy as well.
- Smart Student Discounts – This discount can save 20 to 25%. Most companies allow this discount until age 25.
- Discounts for Responsible Drivers – Drivers without accidents may save up to 50% more than their less cautious counterparts.
- Memberships – Joining a professional or civic organization could trigger savings when getting a Colorado Springs car insurance quote.
Discounts lower rates, but some of the credits will not apply to your bottom line cost. Most only reduce individual premiums such as collision or personal injury protection. Even though it may seem like all the discounts add up to a free policy, it’s just not the way it works.
To view companies offering insurance discounts in Colorado Springs, click this link.
Auto insurance does more than just repair your car
Despite the high insurance cost for a Fiat 500 in Colorado Springs, buying auto insurance serves an important purpose.
First, almost all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability protection if you drive a 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.
Second, if you took out a loan on your vehicle, it’s guaranteed your bank will make it a condition of the loan that you buy insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Fiat at an extremely high rate and make you pay for the expensive policy.
Third, auto insurance protects both your assets and your vehicle. It will also cover many types of medical costs for you, any passengers, and anyone injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if someone files suit against you as the result of an accident. If your Fiat gets damaged, comprehensive and collision coverage will pay to repair the damage.
The benefits of insuring your car are definitely more than the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver overpays as much as $830 a year so we recommend shopping around once a year at a minimum to save money.
When should I discuss my situation with an agent?
When quoting and choosing the best auto insurance coverage, there is no one size fits all plan. Everyone’s situation is unique and your auto insurance should be unique as well.
These are some specific questions may help highlight whether your personal situation might need professional guidance.
- Is rental equipment covered for theft or damage?
- Why do I need rental car insurance?
- What is the rate difference between pleasure use and commuting?
- When can my company non-renew my policy?
- What are the best liability limits?
- How high should deductibles be on a Fiat 500?
- Do all my vehicles need collision coverage?
If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Can’t I get rate quotes from local Colorado Springs auto insurance agents?
A lot of people prefer to talk to an insurance agent and that is a personal choice. Insurance agents are very good at helping people manage risk and will help you if you have claims. One of the best bonuses of comparing auto insurance online is the fact that drivers can get cheap auto insurance quotes and still have a local agent. And providing support for local agents is especially important in Colorado Springs.
To make it easy to find an agent, after completing this simple form, your coverage information is immediately sent to participating agents in Colorado Springs who will gladly provide quotes and help you find cheaper coverage. It makes it easy because there is no need to visit any agencies since rate quotes are delivered to the email address you provide. In the event you want to compare prices for a specific company, just navigate to their website and fill out the quote form the provide.
When finding an insurance agent, there are a couple of types of insurance agents that you can select. Auto insurance agents may be either exclusive or independent agents depending on their company appointments. Either type can sell and service auto insurance coverage, but it’s good to learn why they differ because it may have an impact on the type of agent you choose.
Independent Agencies or Brokers
Independent agencies are appointed with more than one company so they can quote policies through lots of different companies and find you the best rates. If they find a lower price, they can switch companies in-house which is easy for the insured. When comparing auto insurance rates, you will want to contact at least one independent agent for maximum quote selection.
Below are independent agencies in Colorado Springs who may provide free price quotes.
Agents in the exclusive channel work for only one company such as Allstate, Farmers Insurance or State Farm. Exclusive agents are unable to provide other company’s prices so they have no alternatives for high prices. Exclusive agents are trained well on the products they sell and that enables them to sell even at higher rates.
Shown below is a list of exclusive insurance agencies in Colorado Springs who can help you get price quotes.
American Family Insurance – Dean Skaret Agency Inc.
2340 Academy Blvd N – Colorado Springs, CO 80909 – (719) 597-4330 – View Map
Choosing the best car insurance agent is decision based upon more than just the premium amount. Before buying a policy in Colorado Springs, get answers to these questions.
- Is vehicle mileage a factor when determining depreciation for repairs?
- What is the agency’s Better Business Bureau rating?
- Can glass claims be handled at your home?
- Are they full-time agents?
- Do they have any clout with companies to ensure a fair claim settlement?
- Are they actively involved in the community?
- What company do they have the most business with?
- Who is covered by the car insurance policy?