Unthinkable but true, about 70% of customers have stayed with the same insurance company for well over three years, and just short of a majority have never even shopped around for cheap coverage. Many consumers in the U.S. could save as much as 47% each year, but they just don't understand how easy it is to compare rates online.
It takes a little time, but the best way to get affordable car insurance rates is to compare prices once a year from insurance carriers who provide auto insurance in Colorado Springs.
Step 1: Try to understand how your policy works and the things you can change to prevent expensive coverage. Many factors that increase rates such as traffic citations, accidents, and a substandard credit history can be remedied by making minor driving habit or lifestyle changes. Continue reading for the details to get better rates and find discounts that you may qualify for.
Step 2: Compare rates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO and State Farm, while agents who are independent can quote prices from multiple sources.
Step 3: Compare the new rates to your current policy premium and see if there is a cheaper rate in Colorado Springs. If you can save some money, make sure there is no coverage gap between policies.
Step 4: Provide notification to your current company of your intention to cancel your current policy and submit payment along with a signed and completed policy application to your new insurance company. Once the application is submitted, put the new certificate of insurance with your vehicle's registration.
The critical component of shopping around is to make sure you're comparing the same deductibles and limits on each quote and and to look at as many carriers as you can. Doing this provides a fair price comparison and a thorough selection of prices.
Best Mazda 2 insurance rate quotes in Colorado
The companies shown below are our best choices to provide comparison quotes in Colorado. If you wish to find cheaper car insurance in CO, we suggest you visit several of them in order to find the most affordable rates.
Get cheaper Mazda 2 insurance rates in Colorado Springs
Some companies don't always advertise every discount in an easy-to-find place, so the list below gives a summary of a few of the more well known as well as the least known credits that you can use to lower your rates.
- Waiver for an Accident - Not necessarily a discount, but companies like Allstate and Progressive will let one accident slide without getting socked with a rate hike so long as you haven't had any claims for a particular time prior to the accident.
- Own a Home - Just owning your own home can save you money because maintaining a house means you have a higher level of financial diligence.
- Passive Restraints and Air Bags - Options like air bags and/or automatic seat belt systems can receive discounts of 20% or more.
- Distant College Student Discount - Any of your kids who live away from home at college and do not take a car to college may qualify for this discount.
- Early Payment Discounts - By paying your entire bill at once rather than paying monthly you could save up to 5%.
- No Claim Discounts - Colorado Springs drivers who stay claim-free can earn big discounts as opposed to accident-prone drivers.
- Defensive Driver - Taking time to complete a course in defensive driver could cut 5% off your bill depending on where you live.
- Early Renewal Discounts - Some car insurance companies reward drivers for switching policies prior to your current 2 insurance policy expiration. You could save around 10% when you buy Colorado Springs car insurance online.
You should keep in mind that many deductions do not apply to your bottom line cost. Most only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like you could get a free car insurance policy, you aren't that lucky.
Some of the insurance companies that may offer policyholders some of the above discounts possibly include:
If you need lower rates, check with every insurance company which discounts you qualify for. Discounts may not apply to policies in your area. To choose providers that can offer you the previously mentioned discounts in Colorado, click here.
Auto insurance is unique, just like you
When quoting and choosing insurance from an agent or online, there isn't really a one-size-fits-all type of policy. Your needs are unique to you and your policy should reflect that. These are some specific questions can help discover if your situation would benefit from an agent's advice.
- What is the difference between personal and commercial auto insurance policies?
- When should I have rental car coverage?
- Does insurance cover tools stolen from my truck?
- Are rental cars covered under my policy?
- Do I need PIP coverage since I have good health insurance?
- Why is insurance for a teen driver so high in Colorado Springs?
- How can I get high-risk coverage after a DUI?
If you're not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don't have a local agent, simply complete this short form or you can also visit this page to select a carrier
Compare rates but buy from a local Colorado Springs insurance agent
Some people just want to visit with an insurance agent and that can be a great decision One of the great benefits of getting free rate quotes online is that you can find cheap rate quotes and also buy local. And supporting small agencies is important especially in Colorado Springs.
After completing this form (opens in new window), your coverage information is transmitted to companies in Colorado Springs who will give competitive quotes for your coverage. You won't need to leave your computer since rate quotes are delivered to you. You can most likely find cheaper rates AND a local agent. If for some reason you want to compare prices from a particular provider, you just need to visit that company's website and fill out the quote form the provide.
Two types of auto insurance agents
When searching for local Colorado Springs agents, it can be helpful to understand the different agency structures and how they operate. Car insurance agencies can either be independent (non-exclusive) or exclusive.
Independent Agencies or Brokers
Agents that choose to be independent do not have single company limitations and that allows them to write policies with an assortment of companies and get the cheapest rates. To transfer your coverage to a different company, the business is moved internally which is easy for the insured.
When searching for an agent, you absolutely need to include several independent insurance agents to have the best price comparison. A lot of them also have access to smaller companies that may provide cheaper car insurance rates.
Listed below is a list of independent insurance agents in Colorado Springs who may be able to give you competitive price quotes.
- Pikes Peak Insurance Agency
2306 N Powers Blvd #120 - Colorado Springs, CO 80915 - (719) 591-4500 - View Map
- Benson Insurance Group, LLC
5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map
- Insurance Network of Co
2525 W Pikes Peak Ave # C - Colorado Springs, CO 80904 - (719) 635-9720 - View Map
Exclusive Car Insurance Agencies
Exclusive agents write business for a single company and some examples include Allstate, Farmers Insurance or State Farm. These agents are not able to provide prices from multiple companies so it's a take it or leave it situation. Exclusive agents are well trained on their products and sales techniques which can be an advantage. Some consumers prefer to use the same agent mainly due to the prominent brand name and solid financial strength.
Listed below are exclusive agents in Colorado Springs willing to provide rate quotes.
- American Family Insurance - Dean Skaret Agency Inc.
2340 Academy Blvd N - Colorado Springs, CO 80909 - (719) 597-4330 - View Map
- J.R. Rodney State Farm®
1825 Main St #D - Colorado Springs, CO 80911 - (719) 392-7366 - View Map
- State Farm: Jeff Libby
7610 N Union Blvd #115 - Colorado Springs, CO 80920 - (719) 593-9200 - View Map
Finding a good insurance agency should include more criteria than just the quoted price. A good agent in Colorado Springs will have answers to these questions.
- What company do they have the most business with?
- Do they have cheaper tiers of coverage?
- How does the company pay claims for a total loss?
- What is their Better Business Bureau rating?
- Which companies do they recommend if they are an independent agency?
Auto insurance 101
Knowing the specifics of auto insurance helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. These are typical coverage types found on most auto insurance policies.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance kick in for expenses for funeral costs, ambulance fees and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as damage from getting keyed, a broken windshield and damage from a tornado or hurricane. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.
Collision insurance pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as hitting a parking meter, hitting a mailbox, driving through your garage door, damaging your car on a curb and sustaining damage from a pot hole. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible on your 2 to bring the cost down.
Coverage for liability
Liability coverage provides protection from damages or injuries you inflict on people or other property in an accident. This insurance protects YOU against claims from other people. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 25/50/15 which means $25,000 in coverage for each person's injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $15,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for things like pain and suffering, structural damage and funeral expenses. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford. Colorado state law requires minimum liability limits of 25/50/15 but it's recommended drivers buy better liability coverage.
The chart below shows why buying the state minimum limits may not be adequate.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don't have enough coverage. It can pay for injuries to you and your family as well as damage to your Mazda 2.
Due to the fact that many Colorado drivers carry very low liability coverage limits (25/50/15 in Colorado), their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
The best insurance company isn't always the cheapest
Some insurance companies may not have rates over the internet and these small, regional companies only sell through independent agents. Lower-priced auto insurance in Colorado Springs can be bought on the web and with local Colorado Springs insurance agents, so you should compare both to have the best chance of lowering rates.
In this article, we covered a lot of tips how to get a better price on Mazda 2 insurance in Colorado Springs. The key concept to understand is the more rate comparisons you have, the higher your chance of finding low cost Colorado Springs car insurance quotes. Consumers may even find the most savings is with a small local company. They may often insure only within specific states and give better rates than the large multi-state companies such as Progressive and GEICO.
When shopping online for auto insurance, it's not a good idea to sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice uninsured motorist or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy the best coverage you can find for the lowest price, not the least amount of coverage.
More detailed auto insurance information is available in the articles below:
- Teen Driver Licensing Information (iihs.org)
- What Insurance is Cheapest for Drivers Under 21 in Colorado Springs? (FAQ)
- What Insurance is Cheapest with Multiple Speeding Tickets in Colorado Springs? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for Drivers with Good Credit? (FAQ)
- Who Has Cheap Colorado Springs Auto Insurance for Welfare Recipients? (FAQ)
- What is the Cheapest Auto Insurance in Colorado? (FAQ)
- Who Has the Cheapest Car Insurance for Young Drivers in Colorado Springs? (FAQ)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)
- Smart Auto Insurance Tips (Insurance Information Institute)