Best Nissan Murano Insurance in Colorado Springs

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It's shocking but about 70% of customers have remained with the same insurance company for over three years, and roughly 40% of drivers have never even shopped around for affordable coverage. Colorado insurance shoppers could save nearly $600 each year just by comparing rates, but they just assume it's a time-consuming process to find affordable insurance by shopping around.

Insurance rates Nissan Murano in Colorado SpringsReally, the only way to get more affordable Nissan Murano insurance is to begin comparing prices regularly from providers in Colorado Springs.

  • First, take a few minutes and learn about auto insurance and the things you can control to keep rates down. Many policy risk factors that cause high rates like at-fault accidents, speeding tickets, and a not-so-good credit score can be amended by being financially responsible and driving safely. This article gives more ideas to help reduce premium rates and get additional discounts that may be available.
  • Second, obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from one company like GEICO and State Farm, while independent agencies can provide price quotes from many different companies.
  • Third, compare the quotes to the premium of your current policy to see if a cheaper price is available. If you find a better price, make sure coverage does not lapse between policies.
  • Fourth, notify your company or agent of your decision to cancel your current auto insurance policy. Submit a completed application and payment to the new company. Once the paperwork is finalized, safely store the certificate of insurance above your visor, in the console, or in the glove compartment.

A tip to remember is to try to use identical coverage information on every quote request and and to get quotes from all possible companies. Doing this helps ensure a fair price comparison and the best price selection.

If you have insurance now or just want to reduce your rates, use these techniques to lower your rates without reducing coverage. Quoting and buying the best auto insurance policy in Colorado Springs is quite easy. Drivers just need to understand the most efficient way to shop their coverage around online from multiple companies.

The companies in the list below provide comparison quotes in Colorado Springs, CO. To buy cheap car insurance in Colorado Springs, it's highly recommended you visit as many as you can in order to get a fair rate comparison.

Car insurance rates and discounts

Car insurance is not an enjoyable expense, but companies offer discounts to reduce the price significantly. A few discounts will automatically apply when you quote, but some need to be specifically requested before you get the savings.Cheaper car insurance with discounts

  • Defensive Driver - Taking part in a defensive driving class could earn you a small percentage discount depending on where you live.
  • Discounts for Government Workers - Employees or retirees of the government could cut as much as 10% off depending on your company.
  • Military Rewards - Being deployed with a military unit can result in better prices.
  • College Student Discount - Older children who attend college more than 100 miles from Colorado Springs and don't have a car may be able to be covered for less.
  • No Charge for an Accident - This one is not really a discount per se, but a few companies such as GEICO, Allstate and Liberty Mutual will let one accident slide before raising your premiums if you are claim-free for a particular time prior to the accident.
  • Auto/Home Discount - When you combine your auto and homeowners insurance and insure them both with the same insurance company you may earn nearly 15% which can help you find low cost Nissan Murano insurance.
  • Multiple Cars - Buying insurance for primary and secondary vehicles on a single policy can reduce the rates for all insured vehicles.

You should keep in mind that some credits don't apply to the overall cost of the policy. A few only apply to specific coverage prices like liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, it just doesn't work that way.

The chart below visualizes the comparison of Nissan Murano yearly insurance costs with and without discounts. Data assumes a male driver, no claims or driving citations, Colorado state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, multi-car, safe-driver, and multi-policy discounts applied.

To choose insurers that offer some of these discounts in Colorado Springs, follow this link.

Insurance statistics for a Nissan Murano

The information displayed next outlines detailed analysis of insurance coverage prices for Nissan Murano models. Being aware of how insurance prices are determined is important to be able to make smart buying decisions.

Nissan Murano Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $220 $368 $352 $20 $106 $1,066 $89
Murano S AWD $220 $368 $352 $20 $106 $1,066 $89
Murano SL 2WD $220 $368 $352 $20 $106 $1,066 $89
Murano SL AWD $220 $368 $352 $20 $106 $1,066 $89
Murano LE 2WD $250 $434 $352 $20 $106 $1,162 $97
Murano LE AWD $250 $434 $352 $20 $106 $1,162 $97
Get Your Own Custom Quote Go

Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in your specific Colorado Springs location which can alter price quotes considerably.

Policy deductible comparison

One frequently asked question is how low should you set your deductibles. The comparison tables below may help to conceptualize the rate differences when you buy lower versus higher policy deductibles. The first set of rates uses a $250 deductible for physical damage and the second rate chart uses a $500 deductible.

Nissan Murano insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $272 $458 $352 $20 $106 $1,233 $103
Murano S AWD $272 $458 $352 $20 $106 $1,233 $103
Murano SL 2WD $272 $458 $352 $20 $106 $1,233 $103
Murano SL AWD $272 $458 $352 $20 $106 $1,233 $103
Murano LE 2WD $306 $538 $352 $20 $106 $1,347 $112
Murano LE AWD $306 $538 $352 $20 $106 $1,347 $112
Get Your Own Custom Quote Go
Nissan Murano insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Murano S 2WD $220 $368 $352 $20 $106 $1,066 $89
Murano S AWD $220 $368 $352 $20 $106 $1,066 $89
Murano SL 2WD $220 $368 $352 $20 $106 $1,066 $89
Murano SL AWD $220 $368 $352 $20 $106 $1,066 $89
Murano LE 2WD $250 $434 $352 $20 $106 $1,162 $97
Murano LE AWD $250 $434 $352 $20 $106 $1,162 $97
Get Your Own Custom Quote Go

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Estimates do not factor in vehicle garaging location which can affect price quotes noticeably.

Based on this data, using a $250 deductible will cost you roughly $14 more each month or $168 for a full year across all Nissan Murano models than opting for the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to average at least 18 months between claim filings, you would probably come out ahead if you decide on a higher deductible.

Calculate savings of higher deductibles

Average monthly premium for $250 deductibles: $106
Average monthly premium for $500 deductibles (subtract): - $92
Monthly savings from raising deductible: $14
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $14
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 18 months

One big caveat is that a higher deductible level results in a higher out-of-pocket expense when you have to file a claim. You should have enough money put aside in the event you have to pay the deductible.

Nissan Murano full coverage rates compared to liability only

The information below illustrates the difference between Nissan Murano auto insurance rates when comparing full coverage to liability only. The premiums are based on no tickets, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are applied to the premium.

Guidelines for dropping full coverage

There is no definitive guideline that works best for making the decision to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than 10% of the settlement you would receive from your company, then you might consider buying liability only.

For example, let's say your Nissan Murano replacement cost is $6,000 and you have $1,000 policy deductibles. If your vehicle is totaled, you would only receive $5,000 after the policy deductible has been paid. If premium cost is more than $500 annually for full coverage, then it may be the right time to buy liability only.

There are some cases where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not drop full coverage.

The Nissan Murano Insurance Rate Equation

One of the most helpful ways to save on car insurance is to to have a grasp of some of the elements that help calculate car insurance rates. When you understand what determines base rates, this enables informed choices that will entitle you to cheaper rates. Many factors are taken into consideration when premium rates are determined. A few of the factors are predictable like your driving record, but others are more transparent such as your marital status or your financial responsibility.

The list below includes some of the things companies use to determine your rates.

Do you work long hours in a high stress employer? - Occupations like fire fighters, air traffic controllers, and dentists have higher premium rates due to intense work situations and long work hours. Conversely, occupations like actors, historians and homemakers receive lower rates.

Teenage drivers pay higher premiums - Inexperience drivers are statistically shown to be careless and easily distracted when at the wheel of a vehicle so they pay higher car insurance rates. Parents adding a beginning driver to your policy can be very expensive. More mature drivers are more cautious drivers, are lower risk to insure, and usually have better credit.

The data below is based on a single driver, full coverage with $500 deductibles, and no discounts or violations.

Raising physical damage deductibles lowers costs - Physical damage protection, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your Nissan. Some coverage claims could be a dented fender, flood damage, and burglary. Deductibles for physical damage represent how much money you are willing to pay before a claim is paid by your company. The more of the claim you choose to pay out-of-pocket, the lower your rates will be.

Bad drivers pay high costs - Having a clean driving record impacts your car insurance rates tremendously. Drivers who don't get tickets pay lower auto insurance prices than bad drivers. Just one ticket may increase your cost by as much as twenty percent. Drivers with severe violations like DUI or willful reckless driving may find that they have to to submit a SR-22 form with their state in order to legally drive.

The chart below shows how violations and at-fault collisions can impact Nissan Murano insurance rates for different ages of insureds. The premiums assume a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.

Too many claims and you'll pay more - If you frequently file small claims, you should expect increased rates or even have your policy non-renewed. Insurance companies in Colorado provide lower rates to people who do not file claims often. Auto insurance is designed for claims that you cannot pay yourself.

Insurance losses for a Nissan Murano - Insurers use historical loss data to calculate a price that will offset any claims. Vehicles that statistically have a higher amount or frequency of claims will have a higher premium rate.

The information below illustrates the insurance loss data for Nissan Murano vehicles. For each type of coverage, the claim amount for all vehicles compiled together is a value of 100. Numbers under 100 mean the vehicle has better than average losses, while numbers above 100 indicate more frequent losses or an increased chance of larger losses than average.

Nissan Murano Insurance Claim Statistics
Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Nissan Murano 4dr 2WD 79 105
Nissan Murano 4dr 4WD 102 66 98 84
BETTER
AVERAGE
WORSE

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years