Searching for low-cost Lamar car insurance online may be rather challenging for consumers who are new to shopping for insurance on the web. With so many options of companies competing online, how can you be able to compare every car insurance company to find lower car insurance premiums?
Consumers need to quote other rates periodically because car insurance rates are usually higher with each renewal. Just because you had the best premium rates last year a different company probably has better prices today. Block out anything you think you know about car insurance because you’re about to find out the only way to reduce your cost while improving coverage.
The purpose of this post is to instruct you on how to get online quotes. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using these methods. Colorado vehicle owners only need to know the most effective way to get comparison rates online.
Discount Lamar car insurance quotes
Insurance can be prohibitively expensive, but there may be some discounts to cut the cost considerably. Many of these discounts will be applied automatically at the time of purchase, but lesser-known reductions have to be inquired about prior to getting the savings.
- Full Payment Discount – If you can afford to pay the entire bill rather than paying monthly you may have a lower total premium amount.
- Cautious Driver Discount – Safe drivers can save up to 40% or more on their than drivers with accidents.
- Accident Forgiveness Coverage – but some insurance companies will turn a blind eye to one accident without the usual rate increase as long as you don’t have any claims for a certain period of time.
- No Claims – Drivers with accident-free driving histories pay less as opposed to drivers who are more careless.
- Drivers Education – Teen drivers should enroll in driver’s education if offered at their school.
- Discounts for Federal Employees – Active or retired federal employment could provide a small rate reduction with a few car insurance companies.
- Multiple Policy Discount – When you have multiple policies and insure them with the same company you may earn at least 10% off all policies.
- Passenger Safety Discount – Factory options such as air bags or motorized seat belts may get savings of 20% or more.
Consumers should know that most credits do not apply the the whole policy. Most only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though you would think you would end up receiving a 100% discount, companies don’t profit that way.
A few popular companies and a summarized list of policyholder discounts are shown below.
- State Farm offers premium reductions for good student, anti-theft, Steer Clear safe driver discount, defensive driving training, multiple autos, and multiple policy.
- Progressive has discounts for online signing, continuous coverage, good student, multi-vehicle, online quote discount, and multi-policy.
- Travelers has savings for multi-car, IntelliDrive, home ownership, good student, hybrid/electric vehicle, and continuous insurance.
- American Family may include discounts for TimeAway discount, Steer into Savings, good student, air bags, bundled insurance, early bird, and mySafetyValet.
- Liberty Mutual discounts include exclusive group savings, multi-car, new move discount, new vehicle discount, multi-policy, teen driver discount, and new graduate.
If you need , ask all companies you are considering the best way to save money. Some of the earlier mentioned discounts may not apply to policies in every state.
Eight things that determine your prices
Many things are part of the equation when quoting car insurance. A few of the factors are predictable like your driving record, but others are less obvious such as your credit history or how financially stable you are.
- Why do you need liability insurance? – The liability coverage on your policy is the coverage that protects you in the event that you are ruled to be at fault for physical damage or personal injury to other. Liability insurance provides legal defense coverage which can cost a lot. It is affordable coverage compared to other policy coverages, so do not cut corners here.
- Big cities have higher premiums – Being located in smaller towns and rural areas of the country can be a good thing when talking about car insurance. Less people means reduced accidents and a lower car theft rate. Residents of big cities have more auto accidents and more time behind the wheel. More time behind the wheel statistically corresponds to a higher accident and claim rate.
- Insurance prices are higher for high performance vehicles – The make and model of the car or truck you are buying insurance for makes a big difference in your premium level. The lowest performance passenger models generally receive the lowest base rates, but that’s not the only thing that factors into the final price.
- Youthful drivers pay higher premiums – More mature drivers are viewed as being more responsible, are lower risk to insure and get fewer tickets.Teen drivers are known to be careless and easily distracted when driving so car insurance rates are higher.
- Bump up coverage deductibles to lower rates – Physical damage deductibles are how much you are willing to pay in the event of a claim. Insurance for physical damage to your car, also called ‘full coverage’, protects your car from damage. Some examples of covered claims are a windshield broken by a bird, damage from fire, and damage caused by road hazards. The more of the claim you have to pay, the less your car insurance will be.
- Remove unneeded extra policy coverages – There are quite a few extra add-on coverages that can add up if you aren’t careful. Things like roadside assistance, accidental death, and term life insurance may be costing you every month. They may sound like good ideas when discussing your needs, but your needs may have changed so remove them and pocket the money.
- Are you male or female? – Statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes cause fender benders at a similar rate, but the men have accidents that have higher claims. Men also get cited for more serious violations such as driving while intoxicated (DWI) or driving recklessly.
- Use one insurance company and save – Many companies will give discounts to clients who have multiple policies with them. It’s known as a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. If you currently are using one company, you still need to comparison shop to help guarantee you have the best rates.
You are unique and your car insurance should be too
When it comes to choosing coverage, there really is no one size fits all plan. Everyone’s situation is a little different.
For instance, these questions might help in determining if your situation could use an agent’s help.
- Who is covered by my policy?
- Are there companies who specialize in insuring high-risk drivers?
- Is my vehicle covered by my employer’s policy when using it for work?
- When should I remove comp and collision on my vehicle?
- Can I still get insurance after a DUI?
- Is my babysitter covered when using my vehicle?
- Do I need added coverage for expensive stereo equipment?
- Am I covered when using my vehicle for business?
- Is my dog or cat covered if injured in an accident?
- Is business equipment covered while in my vehicle?
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.
Captive or independent insurance agencies
Some consumers would prefer to go talk to an agent and doing so can bring peace of mind Experienced insurance agents are highly skilled in risk management and help you file claims. The biggest benefit of comparing car insurance online is you may find cheaper premium rates but still work with a licensed agent. And buying from neighborhood agents is important especially in Lamar.
Upon completion of this quick form, your coverage information is submitted to local insurance agents in Lamar who will give you quotes and help you find cheaper coverage. There is no reason to leave your computer because quoted prices will be sent immediately to your email address. If you need to get a comparison quote from a particular provider, you just need to navigate to their website and fill out the quote form the provide.
Choose the right car insurance agent
If you want to buy car insurance from a reputable insurance agent or broker, you must know there are a couple types of insurance agents and how they are slightly different. Car insurance policy providers are classified as either captive agents or independent agents. Either can handle car insurance, but it’s good to learn the difference between them since it could factor into your selection of an agent.
Independent Car Insurance Agencies
Agents that choose to be independent do not have single company limitations so they can insure your vehicles amongst many companies and help determine which has the cheapest rates. If you want to switch companies, your policy is moved internally which is easy for the insured. If you are trying to find cheaper rates, you will want to include price quotes from multiple independent agents to have the most options to choose from. Many can place coverage with less well-known companies that may provide cheaper car insurance rates.
The following is a small list of independent insurance agencies in Lamar that can possibly get you price quotes.
- High Plains Insurance – 308 E Olive St – Lamar, CO 81052 – (719) 336-7711
- Colorado East Insurance – 401 S Main St – Lamar, CO 81052 – (719) 336-4796
Captive Insurance Agents
Agents in the captive channel generally can only insure with one company like Allstate, Farmers Insurance or State Farm. Captive agents cannot compare other company’s rates so you need to shop around if the rates are high. Captive agencies are usually well trained on what they offer which aids in selling service over price. Many people choose to use a captive agent mostly because of the brand rather than having the cheapest rates.
Shown below is a list of captive agencies in Lamar that can give you comparison quotes.
- State Farm Insurance – 109 Lee Ave # 16 – Lamar, CO 81052 – (719) 336-5212
- American Family Insurance – 110 W Beech St – Lamar, CO 81052 – (719) 336-5484
To select from insurance agencies near you, link to this directory of Lamar Colorado insurance agents.
Picking an insurance agency should include more criteria than just the bottom line cost. Before buying a policy, get answers to these questions.
- Do they specialize in personal lines coverage?
- Do they review policy coverages at every renewal?
- Is assistance available after office hours?
- How many years have they been established?
- Does the agency have a positive business rating?
- Which family members are covered?
Truth in car insurance advertising
Colorado drivers can’t escape the ads that claim the lowest rates by Progressive, Allstate and Geico. All the ads tend to make the same promise about savings just by moving to them.
But how can every company make almost identical claims?
Companies have specific guidelines for the type of insured that is profitable for them. An example of a profitable risk profile should be a female over age 40, owns their home, and drives a car with an anti-theft system. Anyone who fits those characteristics will get very good Lamar premium rates and will also pay quite a bit less when switching companies.
Consumers who fall short of the ideal profile may be required to pay a more expensive rate which results in the driver buying from a lower-cost company. The ads state “people who switch” but not “all drivers who get quotes” can save as much as they claim. This is how companies can truthfully claim big savings.
That is why you really need to do a quote comparison often. It is impossible to predict which insurance companies will provide the lowest premium rates.
Much more information about car insurance in Colorado can be found on the . Click here for link. Colorado drivers can find disaster information, file complaints about a company, and view a list of available companies.
Other informative sites include Auto Insurance 101 and this list of insurance agents in Lamar, CO.
Final thoughts
When trying to cut insurance costs, it’s a bad idea to buy less coverage just to save a little money. In too many instances, an insured cut collision coverage only to find out that the small savings ended up costing them much more. The aim is to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.
Lower-priced car insurance can be sourced from both online companies in addition to local insurance agencies, so you should compare both to get a complete price analysis. A few companies do not offer online quoting and usually these regional insurance providers only sell coverage through independent insurance agents.
People leave their current company for a variety of reasons including delays in paying claims, an unsatisfactory settlement offer, denial of a claim or unfair underwriting practices. It doesn’t matter what your reason, finding the right car insurance provider is easier than you think.