Do you want to save money by buying low-cost Kia Stinger insurance in Colorado Springs? If you are new to online price comparisons, most likely you are bewildered thanks to the vast number of auto insurance companies all promising to save you money.
It’s easy to assume that car insurance companies want to keep you from comparing prices. Consumers who shop around at least once a year will most likely switch companies because there is a great chance of finding a lower-cost company. Remarkably, a study showed that drivers who routinely shopped around saved $3,500 over four years compared to those who don’t regularly compare prices.
If finding the most affordable insurance in Colorado Springs is the reason you’re reading this, then having a good understanding the best way to compare car insurance can save time and make the process easier.
If you have a policy now, you will definitely be able to reduce premiums using the tips covered below. This article’s goal is to help you learn how car insurance quotes work and also save some money in the process Although Colorado consumers must learn how insurance companies calculate their prices and take advantage of how the system works.
You may qualify for discounts for Kia Stinger insurance in Colorado Springs
Insurance is not inexpensive, but companies offer discounts to cut the cost considerably. Certain credits will be shown when you purchase, but less common discounts must be asked about before you will receive the discount.
- Early Renewal Discounts – Some insurance companies provide a discount for buying a policy before your current expiration date. You may see this discount when you get Colorado Springs car insurance quotes online.
- Savings for New Vehicles – Buying a new car model may earn a small discount due to better safety requirements for newer models.
- Paperwork-free – Certain insurance companies provide a small discount shop Colorado Springs car insurance online.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are less likely to be stolen and that can save you a little bit as well.
- Defensive Driver Discount – Taking part in a course that instructs on driving safety could save 5% or more and also improve your driving technique.
As a sidenote, most discount credits are not given to your bottom line cost. Most only apply to the price of certain insurance coverages like comp or med pay. Despite the appearance that you can get free auto insurance, companies wouldn’t make money that way. But any discount will bring down the amount you pay for coverage.
If you would like to view insurance companies with the best discounts in Colorado, click this link.
Learning about specific coverages of your policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be ambiguous and coverage can change by endorsement.
Collision coverage will pay to fix damage to your Stinger caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like rolling your car, damaging your car on a curb and colliding with a tree. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible on your Stinger to get cheaper collision coverage.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Kia Stinger.
Due to the fact that many Colorado drivers only purchase the least amount of liability that is required (25/50/15 in Colorado), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like hitting a bird, fire damage, hail damage and damage from getting keyed. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Liability insurance can cover injuries or damage you cause to a person or their property. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 25/50/15 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $15,000.
Liability coverage protects against things like structural damage, medical services, funeral expenses, court costs and repair costs for stationary objects. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible. Colorado state law requires minimum liability limits of 25/50/15 but you should consider buying more liability than the minimum.
The next chart shows why minimum state limits may not be enough.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP kick in for expenses like dental work, funeral costs, pain medications and doctor visits. They can be utilized in addition to your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
You can lower your insurance rates
As you restructure your insurance plan, it’s not a good idea to reduce needed coverages to save money. There have been many situations where consumers will sacrifice collision coverage and learned later that it was a big mistake. Your strategy should be to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.
Consumers change insurance companies for a number of reasons such as policy non-renewal, questionable increases in premium, high rates after DUI convictions and even high prices. No matter why you want to switch, switching insurance companies is pretty easy and you might even save some money in the process.
You just learned a lot of information how to lower your Kia Stinger insurance rates in Colorado Springs. It’s most important to understand that the more providers you compare, the better your comparison will be. Consumers may even find the lowest rates come from a small local company.
How to buy affordable Kia Stinger insurance in Colorado Springs
Really, the only way to get discount Kia Stinger insurance in Colorado Springs is to compare quotes annually from providers in Colorado. This can be done by following these guidelines.
Step 1: Take a few minutes and learn about the coverage provided by your policy and the factors you can control to prevent expensive coverage. Many things that cause rate increases such as traffic tickets, fender benders, and an imperfect credit history can be controlled by making lifestyle changes or driving safer.
Step 2: Request rate estimates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only provide price estimates from a single company like GEICO or Allstate, while independent agencies can provide price quotes for a wide range of companies.
Step 3: Compare the new rate quotes to the price on your current policy to see if a cheaper price is available in Colorado Springs. If you find a lower rate and buy the policy, ensure there is no coverage lapse between policies.
A valuable tip to remember is that you’ll want to make sure you compare identical limits and deductibles on every price quote and and to get price quotes from as many carriers as you can. This enables a fair price comparison and a complete price analysis.
To learn more, feel free to browse the following helpful articles:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- Who Has Affordable Colorado Springs Car Insurance Quotes for High Risk Drivers? (FAQ)
- How Much is Colorado Springs Auto Insurance for Teenage Males? (FAQ)
- Who Has Affordable Colorado Springs Auto Insurance for Nurses? (FAQ)
- How Much are Car Insurance Rates for a GMC Sierra in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance Quotes for Drivers with a Bad Driving Record in Colorado Springs? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Colorado Springs? (FAQ)
- Who Has Cheap Car Insurance Quotes for Safe Drivers in Colorado Springs? (FAQ)
- Who Has Affordable Car Insurance Quotes for Inexperienced Drivers in Colorado Springs? (FAQ)
- Property Damage Coverage (Liberty Mutual)
- Winter Driving (Insurance Information Institute)
- Understanding Limits and Deductibles (Allstate)
- Auto Insurance for Teen Drivers (Insurance Information Institute)