Greeley Auto Insurance Savings the Insurance Agents Don’t Want You to Know About

If price shopping auto insurance online is new to you, it’s easy to get overwhelmed by the large number of auto insurance companies all offering big savings in Greeley.

Cut your auto insurance rates with discounts

Companies that sell car insurance don’t always advertise every available discount very clearly, so here is a list both well-publicized and the harder-to-find savings tricks you should be using.

• Homeowners Pay Less – Owning a home in Greeley may trigger a auto insurance policy discount because maintaining a house demonstrates responsibility.
• Bundle and Save – When you combine your home and auto insurance with the same insurance company you will save 10% to 20% off each policy.
• Payment Discounts – If you pay your bill all at once instead of making monthly payments you may reduce your total bill.
• 55 and Retired – Mature drivers can possibly qualify for reduced rates.
• Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less than drivers with accidents.
• Drivers Education – Require your teen driver to take driver’s ed class in school.
• Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can receive discounts of more than 20%.
• Club Memberships – Belonging to a civic or occupational organization could qualify you for a break when buying auto insurance.
• Good Student – A discount for being a good student can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
• Service Members Pay Less – Being on active duty in the military can result in better rates.

It’s important to understand that many deductions do not apply to the overall cost of the policy. Some only reduce individual premiums such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, it just doesn’t work that way.

For a list of insurance companies who offer auto insurance discounts in Colorado, click this link.

Free Greeley Auto Insurance Quotes

There are a lot of ways to compare auto insurance prices but there is one way that is easier and takes less work. You can waste a few hours (or days) discussing policy coverages with insurance agencies in Greeley, or you could use online quotes for quick rates.

Most of the larger companies belong to an insurance system that allows shoppers to send in one quote, and every company returns a rated price for coverage. This prevents consumers from doing quote requests for each company.

To compare pricing click to open in new window.

The single downside to using this type of system is that you can’t choose the insurers you want to price. So if you prefer to choose specific insurance companies to compare, we have a page of auto insurance companies in Colorado. Click here to view list.

It’s up to you which method you use, but double check that you are using apples-to-apples coverages and limits on every quote. If you use mixed coverages then you won’t be able to make an equal comparison in Greeley. Slightly different coverages can result in a big premium difference. Keep in mind that more quotes provides better odds of finding the best price.

You have some control over your rates

It’s important that you understand the factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that may reward you with lower auto insurance prices.

Listed below are some of the factors companies use to determine rates.

• More than one policy can earn a discount – Some auto insurance companies provide better rates to customers who carry more than one policy in the form of a multi-policy discount. Even though this discount sounds good, it’s in your best interest to compare other company rates to ensure the best deal.
• Higher deductibles cost less – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of covered claims are a windshield shattered by a rock, damage from fire, and rolling your vehicle. Deductibles for physical damage are the amount of money you are willing to pay before your auto insurance pays a claim. The more money you’re willing to pay, the less your company will charge you for insurance.
• Rate your vehicle for proper use – The more miles you rack up on your car every year the higher your rate. The majority of insurers apply a rate based on how the vehicle is used. Vehicles that are left in the garage receive lower rates than those used for commuting. Verify your auto insurance policy shows how each vehicle is driven, because improper ratings can cost you money.
• Do you know you’re credit rating? – A driver’s credit score is a huge factor in your rate calculation. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with lower ratings. If your credit is low, you could pay less to insure your by repairing your credit.
• Men pay higher rates – Statistics show women tend to be less risk to insure than men. However, don’t assume that women are BETTER drivers than men. Both sexes cause accidents at a similar rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get more serious tickets like reckless driving and DUI.
• How your age affects price – Older drivers are more cautious drivers, tend to cause fewer accidents and get fewer tickets. Teenage drivers are known to be careless and easily distracted behind the wheel and because of this, their auto insurance rates are much higher.
• Pay less after the wedding – Having a spouse helps lower the price on auto insurance. Having a spouse means you’re more responsible and it’s proven that married couples file fewer claims.
• High performance equals high price – The performance level of the car you own makes a big difference in your rates. Small economy passenger models generally have the cheapest insurance rates, but there are many factors that impact the final cost.

Don’t be fooled by advertising claims

Auto insurance providers like Progressive, GEICO, Allstate and State Farm continually stream television and radio advertisements. They all make the same claim that you can save after switching to their company. How can each company say the same thing? This is how they do it.

Different companies have a certain “appetite” for the type of customer that makes them money. For instance, a desirable insured could possibly be between 25 and 40, owns a home, and has excellent credit. Any driver who meets those qualifications receives the best rates and is almost guaranteed to save a lot of money.

Potential customers who are not a match for this ideal profile will have to pay higher prices and this can result in the customer not buying. The ads say “customers that switch” but not “drivers who get quotes” save money. This is how companies can truthfully claim big savings. Because of the profiling, it is so important to get as many quotes as possible. It’s impossible to know which company will give you the biggest savings.

Shop smart and save

Affordable auto insurance is definitely available both online as well as from independent agents in Greeley, so compare prices from both in order to have the best price selection to choose from. Some insurance companies don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

In this article, we covered many ways to lower your auto insurance rates. The key concept to understand is the more providers you compare, the better your chances of lowering your rates. Consumers may even find the most savings is with some of the lesser-known companies.

Consumers who switch companies do it for a number of reasons such as high rates after DUI convictions, delays in responding to claim requests, delays in paying claims or even being labeled a high risk driver. Regardless of your reason, choosing a new insurance company is easier than you think.

Additional detailed information is available at the Colorado DORA Division of Insurance website. Colorado consumers can discover disciplinary actions, find a variety of consumer forms, and find disaster information.

Other useful links include NAIC.org’s Understanding your Policy and CarInsuranceDIY.com.