Affordable Insurance for a Saab 9-5 in Colorado Springs

If saving money is your primary concern, then the best way to get budget Saab 9-5 insurance in Colorado Springs is to compare quotes once a year from different companies who provide car insurance in Colorado.

First, take a little time to learn about what coverages are included in your policy and the measures you can control to prevent expensive coverage. Many risk factors that result in higher rates such as at-fault accidents and a bad credit score can be improved by being financially responsible and driving safely. Read the full article for instructions to find cheap prices and find overlooked discounts.

Second, compare price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only give prices from one company like GEICO or Farmers Insurance, while independent agents can provide prices from multiple companies. Select a company

Third, compare the new rates to your existing coverage and determine if there is any savings. If you find a better price and make a switch, verify that coverage does not lapse between policies.

An important note is to try to use the same physical damage deductibles and liability limits on each price quote and and to get prices from every company you can. Doing this enables an apples-to-apples comparison and plenty of rates choose from.

A study showed that a large majority of auto insurance policyholders have stayed with the same insurance company for at least four years, and 38% of customers have never even shopped around for cheaper coverage. Colorado consumers can save hundreds of dollars each year by just comparing quotes, but they just assume it’s a time-consuming process to find cheaper auto insurance rates.

If you are paying for car insurance now, you will be able to cut your premiums using the following tips. Buying the cheapest insurance in Colorado Springs is actually not that difficult if you follow our advice. But Colorado drivers must know how insurance companies price online insurance and use this information to your advantage.

Many insurance companies such as State Farm, GEICO and Progressive provide price estimates online. Doing online quotes for Saab 9-5 insurance in Colorado Springs is fairly simple as you simply enter your coverage preferences on the page. After the form is submitted, the system collects credit information and your driving record and generates pricing information. Quoting online for Saab 9-5 insurance in Colorado Springs makes it easy to compare insurance prices and it’s very important to do this in order to find the cheapest possible prices on auto insurance.

To compare rates now, take a look at the companies shown below. To compare your current rates, we recommend you replicate the coverages identical to your current policy. Doing this guarantees you will have a price comparison for the exact same coverage.

The companies shown below have been selected to offer price quotes in Colorado. If you want the best car insurance in Colorado, we recommend you click on several of them to get a more complete price comparison.

Saab 9-5 insurance rate analysis

The information shown below covers detailed analysis of insurance coverage prices for Saab 9-5 models. Being more informed about how insurance quotes are calculated is important for drivers to make smart choices when comparing insurance quotes.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Premium costs do not factor in specific location information which can alter coverage rates significantly.

Rate comparison for different deductibles

When comparing insurance rates, the most common question is what deductibles to buy. The comparison tables below approximate the rate differences when you choose different comp and collision deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price table uses a $1,000 deductible.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Premium amounts do not factor in vehicle location which can decrease or increase price quotes considerably.

Based on this data, using a $100 deductible costs approximately $51 more each month or $612 annually averaged for all 9-5 models than buying the higher $1,000 deductible. Due to the fact that you would have to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you have more than 18 months between claims, you would probably save some money if you elect the higher deductible. The table below shows how you can do this calculation yourself.

The chart below illustrates how choosing a deductible and can change Saab 9-5 insurance costs for different age groups. The premiums assume a single male driver, comp and collision included, and no discounts are applied to the premium.

Poor driving habits will raise your insurance rates

The chart below demonstrates how speeding tickets and fender-benders drive up Saab 9-5 premium costs for each different age category. The data assumes a married male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied.

Difference between liability only and full coverage rates

The example below compares Saab 9-5 car insurance rates with full coverage compared to only the Colorado minimum liability coverage. The premium estimates are based on no claims or driving citations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Guidelines for eliminating full coverage

There isn’t a written rule to drop physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is about 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.

For example, let’s pretend your Saab 9-5 replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, you would only receive $7,000 after the deductible is paid. If you are currently paying more than $700 annually to have full coverage, then you may need to consider dropping full coverage.

There are some cases where eliminating full coverage is not a good plan. If you still owe a portion of the original loan, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not consider dropping full coverage.

Buying the right vehicle insurance in Colorado is an important decision

Even though it’s not necessarily cheap to insure a Saab in Colorado Springs, buying insurance is required for several reasons.

• Almost all states have minimum mandated liability insurance limits which means you are required to buy a specific level of liability protection in order to drive the car. 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 took out a loan on your 9-5, more than likely the lender will require you to have comprehensive coverage to guarantee payment of the loan. If you let the policy lapse, the bank or lender will purchase a policy for your Saab at an extremely high rate and force you to reimburse them the higher price.
• Insurance protects not only your Saab but also your financial assets. It will also provide coverage for most medical and hospital costs for not only you but also any passengers injured in an accident. One of the most valuable coverages, liability insurance, will also pay attorney fees if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, your policy will pay to repair the damage minus the deductible amount.

The benefits of having insurance more than cancel out the cost, especially if you ever need it. According to a 2015 survey, the average American driver overpays more than $750 every year so we recommend shopping around at every renewal to make sure the price is not too high.

Colorado Springs Insurance Premiums are Influenced by These Factors

Part of the insurance buying process is learning some of the elements that aid in calculating insurance rates. If you have a feel for what influences your rates, this enables informed choices that may reward you with lower premium levels.

Stay claim-free and reduce insurance rates – If you tend to file frequent claims, you shouldn’t be surprised to get either a policy non-renewal or much higher rates. Car insurance companies in Colorado generally give lower rates to insureds who only file infrequent claims. Your car insurance is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.

Your location is a factor – Residing in small towns and rural areas may provide you with better prices when shopping for auto insurance. People who live in big cities have to deal with traffic congestion and a longer drive to work. Less people means less chance of accidents and lower theft and vandalism rates.

Avoid unnecessary incidental coverages – There are a ton of additional coverages that can add up if you don’t pay attention. Add-on coverages like vanishing deductibles, towing coverage, and extra equipment coverage could be just wasting money. You may think they are a good idea when talking to your agent, but if you have no use for them remove them from your policy.

Single drivers take more risk – Getting married can get you a discount when buying insurance. Marriage usually means you are more financially stable and it’s statistically proven that married couples file fewer claims.

Age of drivers impacts costs – Inexperience drivers are statistically shown to get distracted easily when behind the wheel therefore insurance rates are much higher. If you’ve ever had to add a beginning driver to your insurance policy can increase premiums substantially. Older, more experienced drivers have been proven to be more responsible, are lower risk to insure, and tend to be get fewer driving tickets.

The data below uses these variables: single driver, full coverage with $500 deductibles, and no discounts or violations.

Does your occupation raise your prices? – Did you know your insurance rates can be affected by your occupation? Occupations such as military generals, business owners, and stock brokers generally have higher premium rates attributed to job stress and lots of time spent away from family. On the other hand, careers like scientists, historians and performers receive lower rates.

Multi-policy discounts can save money – Some insurers apply a discount to customers that have more than one policy in the form of a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even if you already get this discount, it’s in your best interest to compare Saab 9-5 rates in Colorado Springs to verify if the discount is saving money.

Cheaper car insurance premiums are out there

We just showed you a lot of ways to lower your Saab 9-5 insurance premium rates in Colorado Springs. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even find the lowest premium rates come from a company that doesn’t do a lot of advertising. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.

While you’re price shopping online, it’s a bad idea to buy less coverage just to save a little money. In many instances, an accident victim reduced liability limits or collision coverage to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.

More tips and info about car insurance can be read in these articles:

• Avoiding Deer Collisions (Insurance Information Institute)
• Who Has Affordable Auto Insurance for Retired Military in Colorado Springs? (FAQ)
• Who Has the Cheapest Auto Insurance Rates for a Jeep Wrangler in Colorado Springs? (FAQ)
• Who Has Cheap Auto Insurance Quotes for High School Students in Colorado Springs? (FAQ)
• Event Data Recorders FAQ (iihs.org)
• Five Tips to Save on Auto Insurance (Insurance Information Institute)
• Medical Payments Coverage (Liberty Mutual)
• Teen Driving Statistics (iihs.org)