Having to pay for overpriced auto insurance can take a big chunk out of your savings account and force you to make sacrifices. Comparing price quotes is a smart way to tighten up your finances.
Consumers have many auto insurance companies to buy insurance from, and even though it’s nice to have a selection, having more car insurance companies makes it harder to locate the cheapest rates.
How to Compare Auto Insurance Costs in Loveland
Performing a rate comparison can be challenging if you aren’t aware of the fastest way to get free quotes. You could spend your day discussing policy coverages with insurance companies in Loveland, or you could save time and use the internet to get prices fast.
All the larger companies are enrolled in a marketplace where insurance shoppers submit their information once, and each participating company provides a quote. This prevents consumers from doing quote requests to each individual auto insurance company. To compare rates using this form now click here to start a free quote.
The one downside to using this type of form is you are unable to specify which providers you will receive quotes from. So if you want to choose from a list of companies to receive pricing from, we have a page of auto insurance companies in Colorado. Click here for list of insurance companies in Colorado.
Whichever way you use, make absolute certain that you use exactly the same quote information for every company. If you enter differing limits you will not be able to make an equal comparison in Loveland. Having just a slight variation in coverage limits may cause a big price difference. Keep in mind that comparing a large number of companies will improve the odds of getting the best offered rates.
Pay less by taking advantage of discounts
Car insurance companies do not advertise all their discounts very well, so we took the time to find both well-publicized as well as the least known discounts you could be receiving.
- Drivers Education – Have your child successfully complete driver’s ed class in school.
- Distant Student – Any of your kids who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
- Good Student – Getting good grades can earn a discount of 20% or more. The discount lasts up to age 25.
- Clubs and Organizations – Being a member of a professional or civic organization is a good way to get lower rates on your policy.
- Life Insurance Discount – Select insurance companies reward you with a discount if you purchase life insurance from them.
- Homeowners Savings – Being a homeowner may earn you a small savings because owning a home is proof that your finances are in order.
- Pay Now and Pay Less – If you pay your bill all at once instead of making monthly payments you could save up to 5%.
- No Claims – Drivers with accident-free driving histories pay less when compared with frequent claim filers.
- Use Seat Belts – Buckling up and requiring all passengers to use their safety belts can save up to 15% off your PIP or medical payments premium.
- Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
As a disclaimer on discounts, some credits don’t apply the the whole policy. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you won’t be that lucky.
To see a list of insurers offering auto insurance discounts in Colorado, follow this link.
It’s not one size fits all
When choosing the best auto insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Each situation is unique and your policy should reflect that. For example, these questions may help you determine if your insurance needs would benefit from professional advice.
- Is borrowed equipment or tools covered if stolen or damaged?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Can I afford low physical damage deductibles?
- What should my uninsured motorist coverage limits be in Colorado?
- Will my rates increase for filing one claim?
- Can I afford to pay high deductible claims out of pocket?
- Who is covered by my policy?
- What is covered by UM/UIM coverage?
- When does my teenage driver need to be added to my policy?
- Does liability extend to a camper or trailer?
If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.
Additional detailed information can be read at the Colorado DORA Division of Insurance website. Consumers can discover disciplinary actions, read state legal mandates and laws, find a variety of consumer forms, and read industry bulletins.