To save the most money, the best way to find cheaper prices for auto insurance rates is to do a yearly price comparison from companies who can sell car insurance in Colorado Springs.
- Learn about coverages and the measures you can take to prevent high rates. Many policy risk factors that drive up the price like high-risk driving behaviors and an unacceptable credit rating can be controlled by making minor driving habit or lifestyle changes.
- Compare prices from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from one company like GEICO or Allstate, while independent agencies can provide rate quotes from multiple insurance companies.
- Compare the quotes to the price on your current policy and determine if there is any savings. If you find a lower rate and change companies, make sure there is no coverage gap between policies.
- Give notification to your agent or company to cancel your current car insurance policy. Submit a down payment along with a signed application to your new agent or company. Make sure you safely store the certificate of insurance with your vehicle's registration.
The key thing to know about shopping around is to try to use similar coverage information on each quote and and to get price quotes from as many different insurance providers as possible. Doing this helps ensure the most accurate price comparison and the best rate selection.
It's an obvious assumption that auto insurance companies want to keep your business as long as possible. Consumers who compare rates once a year will presumably switch insurance companies because they stand a good chance of getting low-cost coverage. A recent insurance study revealed that drivers who shopped around every year saved an average of $865 annually compared to people who never shopped around for better prices.
If finding discount rates on auto insurance in Colorado Springs is your target objective, understanding how to find and compare insurance premiums can help make the process easier and more efficient.
Quoting and buying affordable car insurance in Colorado Springs is simple if you know the tricks. Nearly everyone who quotes car insurance most likely will be able to save money. Although Colorado vehicle owners need to have an understanding of how companies determine premium rates and use it to your advantage.
The method we recommend to get rate comparisons for Pontiac Bonneville insurance in Colorado Springs is to know most larger insurance companies have advanced systems to give you rate quotes. To begin a comparison, all you need to do is provide information such as coverage limits, what you do for a living, any included safety features, and how much you drive. Your rating data gets transmitted to multiple car insurance providers and they return rate quotes almost instantly.
To find the cheapest Pontiac Bonneville insurance rates, click here and enter your zip code.
The car insurance companies shown below are ready to provide quotes in Colorado. To buy the best cheap auto insurance in Colorado, we recommend you get rate quotes from several of them to get a more complete price comparison.
Auto insurance is not optional in Colorado
Despite the potentially high cost of Pontiac Bonneville insurance, buying auto insurance may not be optional for several reasons.
- The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability coverage in order to get the vehicle licensed. 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 have a lien on your Bonneville, almost all lenders will stipulate that you have full coverage to ensure they get paid if you total the vehicle. If you let the policy lapse, the bank may insure your Pontiac at a significantly higher premium and force you to reimburse them the higher premium.
- Auto insurance protects both your car and your personal assets. It will also cover medical expenses for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, will also pay to defend you if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance greatly outweigh the cost, especially if you ever need it. According to a 2015 survey, the average American driver overpays more than $850 per year so smart consumers compare quotes at least once a year to save money.
Why You Might Pay Increased Rates in Colorado Springs
When buying insurance it's important to understand a few of the rating criteria that help calculate your policy premiums. When you understand what determines premiums, this empowers consumers to make smart changes that will entitle you to lower premium levels. Lots of factors are used in the calculation when you get your auto insurance bill. Some factors are common sense such as traffic violations, but other factors are more transparent like your continuous coverage or your vehicle rating.
The itemized list below are some of the factors used by companies to determine your premiums.
Don't skimp on liability - A critical coverage on your policy, liability insurance kicks in if you are responsible for personal injury or accident damage. Liability insurance provides you with a defense in court which can cost a lot. Liability is cheap compared to physical damage coverage, so do not cut corners here.
Traffic violations hurt - Your driving record impacts premiums far more than you think. Attentive drivers get better prices compared to bad drivers. Even one citation may increase your cost by as much as thirty percent. Drivers who have serious citations such as DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to continue driving.
Allowing your coverage to lapse raises rates - Driving your car without having proper coverage is not a good idea and your next policy will cost more because you let your insurance expire. In addition to paying higher premiums, the inability to provide proof of insurance might get you fines or a revoked license. You will then be forced to file a SR-22 with the Colorado DMV.
Save money with GPS tracking and theft deterrents - Driving a car with an alarm system can save you a little every year. Theft prevention features like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all hinder auto theft.
Insurance rates and age - Young drivers in Colorado are proven to be less responsible when behind the wheel so insurance rates are higher. Having to add a teenage driver onto a policy can be very expensive. Mature drivers are proven to be safer behind the wheel, cost insurance companies less in claims, and get fewer tickets.
Insurance savings summarized
Insureds leave their current company for any number of reasons including delays in paying claims, policy cancellation, questionable increases in premium or delays in responding to claim requests. No matter why you want to switch, choosing a new insurance company is actually quite simple.
Cost effective Pontiac Bonneville insurance is available both online and from local insurance agents, and you need to price shop both in order to have the best chance of saving money. There are still a few companies who don't offer online price quotes and most of the time these regional carriers prefer to sell through independent agents.
As you prepare to switch companies, it's a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where someone sacrificed liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your goal should be to find the BEST coverage at an affordable rate, not the least amount of coverage.
To read more, feel free to visit the resources below:
- Event Data Recorders FAQ (iihs.org)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a 20 Year Old Male? (FAQ)
- What Insurance is Cheapest After a Speeding Ticket in Colorado Springs? (FAQ)
- How Much is Colorado Springs Car Insurance for a Toyota 4Runner? (FAQ)
- Who Has Cheap Car Insurance Quotes for Safe Drivers in Colorado Springs? (FAQ)
- Auto Crash Statistics (Insurance Information Institute)
- Auto Insurance Learning Center (State Farm)
- Child Safety FAQ (iihs.org)