5 Tips Guaranteed to Save on Auto Insurance Costs in Northglenn

Expensive auto insurance can take a big chunk out of your savings account and force you to prioritize other expenses. Comparison shopping is a great way to help make ends meet.

You have multiple car insurance companies to purchase coverage from, and although it’s nice to have a choice, lots of choices makes it harder to compare company pricing.

It’s a great practice to price shop coverage quite often because prices are rarely the same from one policy term to another. Even if you think you had the best deal a year ago the chances are good that you can find a lower rate today. There is a lot of wrong information about auto insurance online but with this article, you’re going to get some great ideas on how to put money back in your pocket.

This article will let you in on how car insurance quotes work and some tricks to saving. If you have car insurance now, you will most likely be able to reduce your rates substantially using this strategy. Nevertheless, Colorado consumers can benefit from knowing how insurance companies sell online.

Automobile Insurance Quotes in Northglenn

There are several ways to compare auto insurance quotes, but some are easier and takes less work. You can waste a lot of time discussing policy coverages with local insurance agents in Northglenn, or you can utilize the internet to accomplish the same thing much quicker.

All the larger companies participate in an industry program that allows shoppers to submit one quote, and each participating company can give them a price for coverage. This eliminates the need for form submissions to every company.

To compare rates using this form now click to open in new window.

The one downside to pricing coverage this way is you can’t choose the insurers you will receive quotes from. So if you prefer to pick individual companies to request quotes from, we put together a list of companies who write auto insurance in Colorado. Click here for list of insurance companies in Colorado.

Which method you use is up to you, but make absolute certain that you use apples-to-apples information for every company. If you enter different limits and deductibles on each one you can’t possibly determine which rate is truly the best in Northglenn. Having just a slight variation in insurance coverages can make a big difference in price. Keep in mind that quoting more will increase your chances of finding better pricing.

These 5 discounts can slash auto insurance rates

Insurance can cost an arm and a leg, but there are discounts available to reduce the price significantly. Some discounts apply automatically at the time you complete a quote, but less common discounts must be inquired about before you will receive the discount.

• Safety Course Discount – Taking a defensive driving course could save 5% or more depending on where you live.
• Military Discounts – Being deployed with a military unit may qualify for rate reductions.
• Distant Student – Any of your kids who live away from home and don’t have a car can receive lower rates.
• Drivers Education – Cut your cost by having your teen driver successfully complete driver’s ed class if it’s offered in school.
• Clubs and Organizations – Belonging to a civic or occupational organization could qualify you for a break when shopping for auto insurance.

It’s important to understand that many deductions do not apply to your bottom line cost. Most only cut individual premiums such as comp or med pay. Just because you may think it’s possible to get free car insurance, you’re out of luck. Any amount of discount will reduce the amount you have to pay.

Additional auto insurance information can be found on the website for the Colorado DORA Division of Insurance located here. Colorado consumers can read industry bulletins, learn about insurance regulations, and file complaints about an insurance agent or broker.

Auto insurance coverage considerations

Learning about specific coverages of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average auto insurance policy.

Coverage for liability

Liability insurance will cover damage or injury you incur to people or other property in an accident. This coverage protects you from claims by other people. It does not cover damage to your own property or vehicle.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Occasionally you may see one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like repair bills for other people’s vehicles, funeral expenses and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford. Colorado requires drivers to carry at least 25,000/50,000/15,000 but you should think about purchasing more coverage.

Medical expense insurance

Med pay and PIP coverage provide coverage for short-term medical expenses for things like rehabilitation expenses, doctor visits and nursing services. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and may carry a deductible

Comprehensive (Other than Collision)

This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as theft, fire damage, vandalism and falling objects. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage protection

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.

Collision coverage pays for things like scraping a guard rail, crashing into a building, rolling your car, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible in order to get cheaper collision rates.

Protection from uninsured/underinsured drivers

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Since many Colorado drivers only purchase the least amount of liability that is required (Colorado limits are 25/50/15), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Normally these coverages are identical to your policy’s liability coverage.

More effort can pay off

In this article, we presented a lot of ways to get a better price on auto insurance. The key concept to understand is the more price quotes you have, the better your comparison will be. Drivers may discover the best price on auto insurance is with a company that doesn’t do a lot of advertising. Regional companies may cover specific market segments cheaper compared to the large companies like GEICO and State Farm.

As you restructure your insurance plan, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where an accident victim reduced liability limits or collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to buy enough coverage at an affordable rate.

Budget-conscious auto insurance can be purchased both online and also from your neighborhood Northglenn agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies may not provide online price quotes and most of the time these small, regional companies sell through independent agents.