Unbelievable but true according to a study a large majority of car insurance policyholders kept their coverage with the same car insurance company for at least four years, and roughly 40% of drivers have never compared rates from other carriers. With the average car insurance premium being $1,800, Colorado drivers could save themselves about 35% a year just by getting comparison quotes, but they won’t spend time to compare rates online.
The preferred way to find cheaper prices for auto insurance rates is to start comparing prices yearly from insurers who provide car insurance in Colorado Springs. Drivers can shop around by completing these steps.
- Read and learn about how auto insurance works and the factors you can control to lower rates. Many risk factors that are responsible for high rates like speeding tickets, careless driving and a less-than-favorable credit rating can be improved by making minor changes in your lifestyle. This article provides ideas to prevent high prices and get additional discounts that may be available.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Farmers Insurance, while independent agencies can provide price quotes from many different companies.
- Compare the price quotes to your existing rates to see if a cheaper price is available in Colorado Springs. If you can save money and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
An important part of this process is that you’ll want to make sure you compare identical coverages on each quote request and to quote with as many different companies as possible. Doing this helps ensure the most accurate price comparison and plenty of rates choose from.
If you are paying for car insurance now, you will most likely be able to get lower rates using the ideas presented in this article. Buying the cheapest auto insurance in Colorado Springs can be made easier if you know where to look. Although Colorado vehicle owners need to learn the methods companies use to price insurance differently and use this information to your advantage.
Many insurance companies provide prices for coverage directly from their websites. Getting online rates for Subaru Legacy insurance in Colorado Springs is easy for anyone as you just enter the coverages you want on the page. After you complete the form, the system pulls your driving and credit reports and returns a price quote based on these and other factors. The ability to get online rate quotes for Subaru Legacy insurance in Colorado Springs makes comparing rates easy, and it’s also necessary to get many rate quotes if you are searching for a lower rate.
To compare pricing, compare rates from the companies below. If you have your current policy handy, we recommend that you enter coverages and limits as close as possible to your current policy. This helps ensure you will have rate quotes using the exact same coverages.
The companies shown below are ready to provide price quotes in Colorado. To locate cheap auto insurance in Colorado, it’s a good idea that you visit as many as you can to find the most affordable car insurance rates.
Why you need auto insurance
Despite the fact that auto insurance is not cheap in Colorado Springs, paying for auto insurance is required in Colorado but it also protects you in many ways.
- Almost all states have mandatory insurance requirements which means you are required to buy specific limits of liability coverage in order to drive the car 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.
- If you bought your Legacy with a loan, most banks will stipulate that you have full coverage to ensure the loan is repaid in case of a total loss. If you let the policy lapse, the bank may insure your Subaru for a much higher rate and make you pay for the expensive policy.
- Insurance safeguards your Subaru Legacy and your assets. Insurance will also pay for hospital and medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If mother nature or an accident damages your car, comprehensive and collision coverage will pay to have it repaired.
The benefits of insuring your car are without a doubt worth the cost, especially with large liability claims. But the average American driver overpays as much as $700 annually so shop around each time the policy renews to ensure rates are inline.
Rates and statistics
The rate information shown below showcases different prices for Subaru Legacy models. Understanding how prices are determined can be valuable when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Legacy 2.5I | $332 | $368 | $304 | $18 | $92 | $1,114 | $93 |
| Legacy 2.5I Premium | $332 | $448 | $304 | $18 | $92 | $1,194 | $100 |
| Legacy 2.5I Premium | $332 | $448 | $304 | $18 | $92 | $1,194 | $100 |
| Legacy 3.6R Premium | $364 | $448 | $304 | $18 | $92 | $1,226 | $102 |
| Legacy 3.6R | $364 | $448 | $304 | $18 | $92 | $1,226 | $102 |
| Legacy 2.5I Limited | $364 | $448 | $304 | $18 | $92 | $1,226 | $102 |
| Legacy 2.5GT Premium | $364 | $528 | $304 | $18 | $92 | $1,306 | $109 |
| Legacy 3.6R Limited | $364 | $528 | $304 | $18 | $92 | $1,306 | $109 |
| Legacy 2.5 GT Limited | $364 | $528 | $304 | $18 | $92 | $1,306 | $109 |
| Legacy 2.5 GT Limited | $364 | $528 | $304 | $18 | $92 | $1,306 | $109 |
| Legacy 2.5 GT Limited | $364 | $528 | $304 | $18 | $92 | $1,306 | $109 |
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Price data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Prices do not factor in vehicle garaging location which can decrease or increase coverage prices substantially.
Difference between full coverage and liability only rates
The illustration below compares Subaru Legacy auto insurance costs with liability coverage only compared to full coverage. The premiums assume no driving violations, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.
When to eliminate full coverage
There is no set rule for excluding physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Subaru Legacy replacement cost is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $6,000 after you pay the deductible. If premiums are more than $600 annually for physical damage coverage, then it might be time to consider dropping full coverage.
There are a few situations where buying only liability insurance is not financially feasible. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage.
Don’t overlook these Subaru Legacy insurance discounts
Properly insuring your vehicles can get expensive, but discounts can save money and there are some available to cut the cost considerably. Certain reductions will be credited at the time you complete a quote, but some may not be applied and must be asked about in order for you to get them. If you’re not getting every credit available, you could be saving more on your auto insurance.
- No Claim Discounts – Good drivers with no accidents have much lower rates in comparison with insureds who have frequent claims or accidents.
- Federal Employees – Employees or retirees of the government may reduce rates when you quote Colorado Springs auto insurance with a few auto insurance companies.
- Full Payment Discount – If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
- College Student Discount – Kids who are attending college and don’t have a car may be insured at a cheaper rate.
- Savings for New Vehicles – Buying a new car instead of a used Legacy can cost up to 25% less because newer models have to meet stringent safety requirements.
- Discount for Good Grades – Maintaining excellent grades could provide a savings of up to 20% or more. The discount lasts up until you turn 25.
You can save money using discounts, but some credits don’t apply to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, auto insurance companies aren’t that generous.
The diagram below illustrates the comparison of Subaru Legacy insurance prices with and without policy discounts. The rates are based on a male driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, claim-free, safe-driver, homeowner, and marriage discounts applied.
A list of auto insurance companies and some of their more popular discounts can be read below.
- Farm Bureau policyholders can earn discounts including safe driver, multi-policy, driver training, youthful driver, and 55 and retired.
- State Farm includes discounts for accident-free, driver’s education, Steer Clear safe driver discount, multiple policy, Drive Safe & Save, defensive driving training, and anti-theft.
- Progressive offers discounts for continuous coverage, online signing, good student, multi-vehicle, and multi-policy.
- Allstate discounts include early signing, anti-theft, multi-policy, teenSMART discount, passive restraint, and EZ pay plan discount.
- Nationwide offers premium reductions for family plan, easy pay, business or organization, defensive driving, good student, and multi-policy.
- MetLife may have discounts that include good student, claim-free, multi-policy, accident-free, good driver, and defensive driver.
If you are trying to find cheaper Colorado Springs auto insurance quotes, ask each company or agent which credits you are entitled to. Some credits might not be offered in Colorado Springs.
Get rate quotes but buy from a local neighborhood Colorado Springs car insurance agent
Some people prefer to get professional advice from a licensed agent and doing so can bring peace of mind One of the benefits of comparing rates online is you may find lower rates and still buy from a local agent.
To make it easy to find an agent, after completing this simple form, the quote information is submitted to agents in your area that give free quotes for your auto insurance coverage. You won’t need to visit any agencies as quotes are delivered to your email. Get lower rates and an insurance agent to talk to. If you wish to quote rates from one company in particular, feel free to find their quoting web page and give them your coverage information.
Picking a insurer requires more thought than just a cheap price quote. These are some questions you should get answers to.
- If independent agents, which companies do they recommend?
- How much training do they have in personal risk management?
- Can they give you a list of client referrals?
- Will they take your side in the event of a claim?
- Do they have a Better Business Bureau rating in Colorado Springs?
- What insurance company do they write the most business with?
Tailor your auto insurance coverage to you
When buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique.
For example, these questions may help you determine if you will benefit from professional help.
- Is there a penalty for late payment?
- When do I need to add a new car to my policy?
- Do I benefit by insuring my home with the same company?
- Is my teen driver covered when they drive my company car?
- Do I have coverage for damage caused while driving under the influence?
- Where can I find DUI or SR-22 insurance?
- Do I have coverage when pulling a U-Haul trailer?
- I don’t drive much so do I pay less?
If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. To find lower rates from a local agent, simply complete this short form.
How to find a good Colorado Springs car insurance company
Buying coverage from the top insurer can be difficult considering how many companies sell coverage in Colorado Springs. The company information displayed below may help you decide which auto insurers you want to consider buying from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Farmers Insurance | 78 | 87 | 88 | 79% | A | 84.3 |
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Data Source: Insure.com Best Car Insurance Companies
More effort can pay off
When buying insurance coverage, you should never buy poor coverage just to save money. There have been many situations where an insured dropped physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase a proper amount of coverage at the best price.
Affordable Subaru Legacy insurance in Colorado Springs can be purchased online as well as from insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance companies may not offer internet price quotes and most of the time these small, regional companies only sell coverage through independent insurance agencies.
People switch companies for any number of reasons including being labeled a high risk driver, not issuing a premium refund, unfair underwriting practices or poor customer service. Regardless of your reason, finding a great new company is easier than you think.
Additional information
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Who Has the Cheapest Colorado Springs Auto Insurance Rates for State Employees? (FAQ)
- Who Has Affordable Colorado Springs Car Insurance Quotes for High Risk Drivers? (FAQ)
- Who Has Cheap Auto Insurance Quotes for High School Students in Colorado Springs? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for a Toyota Camry? (FAQ)
- Who Has Affordable Colorado Springs Auto Insurance for 17 Year Olds? (FAQ)
- Distracted Driving (Insurance Information Institute)
- How do I File a Claim? (Insurance Information Institute)
- Speed and Speed Limit FAQ (iihs.org)