Consumer Tested Strategies to Save on Breckenridge Car Insurance
Have you had enough of scraping the payment together each month for car insurance? You're in the same situation as many other drivers in Colorado. Because there are so many options when it comes to car insurance, it is hard for the average consumer to locate the best insurance company.
Are you getting all your discounts?
Companies don't always advertise all available discounts very well, so we took the time to find some of the more common and the harder-to-find car insurance savings. If you don't get every credit available, you are throwing money away.
- Clubs and Organizations - Belonging to a professional or civic organization could qualify you for a break when buying car insurance.
- Service Members Pay Less - Having a deployed family member could mean lower rates.
- Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
- Early Signing - Select companies give a discount for switching to them prior to your current policy expiring. This can save 10% or more.
- Good Students Pay Less - Performing well in school can earn a discount of 20% or more. This discount can apply until age 25.
- Discount for Life Insurance - Companies who offer life insurance give a break if you buy life insurance.
As a disclaimer on discounts, most credits do not apply to the entire cost. Most only cut the price of certain insurance coverages like physical damage coverage or medical payments. So when the math indicates adding up those discounts means a free policy, car insurance companies aren't that generous.
How can Allstate, GEICO and Progressive save drivers who switch?
Consumers get pounded daily by advertisements for the lowest price auto insurance by Allstate, GEICO and Progressive. All the companies say the same thing about savings if you switch to their company.
But how can every company make the same claim? This is how they do it.
Insurance companies can use profiling for the driver that earns them a profit. For example, a profitable customer could be between the ages of 30 and 50, has no tickets, and drives newer vehicles. A customer who fits that profile will qualify for the lowest rates and as a result will probably save a lot of money.
Potential insureds who are not a match for this ideal profile must pay more money which usually ends up with business going elsewhere. The ad wording is "drivers who switch" not "everybody who quotes" save that much. That's why companies can truthfully claim big savings. This illustrates why you should compare many company's rates. Because you never know the company that will give you the biggest savings.
More Colorado car insurance information
Even more information can be found at the Colorado DORA Division of Insurance website. Consumers can find out which companies have the most complaints, view a list of available companies, find out industry alerts, and learn about specific coverages.
Also read more on this link for Colorado car insurance quotes and this link which helps you find a Breckenridge agent.
A tidy conclusion
Cheap car insurance can be found from both online companies and also from your neighborhood Breckenridge agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies may not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.
When trying to cut insurance costs, don't be tempted to buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped physical damage coverage only to regret at claim time that it was a big mistake. Your focus should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.
