Buy Low-Cost Centennial Auto Insurance

Having to pay for overpriced auto insurance can take a big chunk out of your savings account and put the squeeze on your family's finances. Comparing price quotes is a great way to help make ends meet.

Since consumers have many companies and agents to choose from, it can be hard to locate the most cost effective insurance company.

It's important to take a look at other company's rates quite often since insurance rates are constantly changing. Just because you found the best deal last year a different company probably has better rates today. So just ignore everything you know about auto insurance because it's time to teach you the proper way to reduce your cost while increasing coverage.

Choosing the best insurance company for you in Centennial is quite easy. If you are paying for car insurance now, you will be able to save some money using these techniques. Nevertheless, Colorado vehicle owners do need to know the way companies sell online and take advantage of how the system works.

More discounts equal less premium

Companies that sell car insurance don't list every available discount very well, so here is a list some of the best known as well as the least known discounts you could be receiving.

Good Student Discount - Performing well in school can be rewarded with saving of up to 25%. The discount lasts up until you turn 25.
Senior Discount - If you qualify as a senior citizen, you may receive better auto insurance rates.
Multiple Cars - Having all your vehicles on one policy may reduce the rate for each vehicle.
Theft Prevention System - Vehicles with anti-theft systems are stolen less frequently and will save you 10% or more.
Pay Now and Pay Less - By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
Resident Student - Youth drivers who live away from home and don't have a car may be able to be covered for less.
E-sign - A handful of insurance companies give back up to $50 simply for signing online.

It's important to understand that some of the credits will not apply to the overall cost of the policy. Some only reduce individual premiums such as medical payments or collision. So when the math indicates all those discounts means the company will pay you, it doesn't quite work that way.

Centennial Rates are Influenced by These Factors

Smart consumers have a good feel for the factors that play a part in calculating auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that can help you get big savings.

Shown below are some of the factors auto insurance companies consider when setting your rates.

Traffic citations inflate rates - Even a single speeding ticket can boost insurance rates twenty percent or more. Careful drivers have lower premiums than their less careful counterparts. Drivers who get dangerous violations such as reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to prevent a license revocation.
Older drivers pay less - Teenage drivers in Colorado have a tendency to be less responsible when driving so auto insurance rates are higher. Parents adding a young driver to your auto insurance policy can be quite pricey. More mature drivers tend to be more responsible, file fewer claims and tend to be better behind the wheel.
Increase deductibles and save - Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some instances where coverage would apply are a windshield shattered by a rock, vandalism, and burglary. The deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more money you are required to pay out-of-pocket, the bigger discount you will receive.
Bundling policies can get discounts - Some insurance companies give discounts to people who buy several policies from them, otherwise known as a multi-policy discount. If you currently are using one company, you still need to compare other company rates to ensure the best deal.
Car features impact rates - Purchasing a vehicle with an alarm system can help lower your rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping auto theft.

It's not one size fits all

When it comes to buying proper insurance coverage for your personal vehicles, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that may help you determine if you might need an agent's assistance.

Do I need to file an SR-22 for a DUI in Colorado?
Am I covered by my employer's commercial auto policy when driving my personal car for business?
Am I covered when driving on a suspended license?
Am I covered when renting a car or should I buy coverage from the car rental agency?
What can I do if my company won't pay a claim?
Why does it cost so much to insure a teen driver in Centennial?
Does my liability insurance cover pulling a trailer or camper?
Do I qualify for additional discounts?

If you can't answer these questions then you might want to talk to a licensed insurance agent. If you don't have a local agent, simply complete this short form or click here for a list of auto insurance companies in your area.

Switch companies and save? Really?

Companies like State Farm and Allstate consistently run ads in print and on television. All the ads have a common claim of big savings if you change to their company. But how can every company say the same thing?

All the different companies have a preferred profile for the driver that earns them a profit. An example of a preferred risk might be profiled as between the ages of 30 and 50, insures multiple vehicles, and has great credit. A propective insured that hits that "sweet spot" will get very good rates and therefore will save a lot of money.

Consumers who do not match this ideal profile will be charged higher rates and this can result in business not being written. The ads say "customers that switch" not "everyone that quotes" save that much. This is how insurance companies can confidently advertise the savings. That is why drivers should get quotes from several different companies. It's not possible to predict which insurance companies will give you the biggest savings.

More sites with auto insurance information

More tips and info about auto insurance is available at the Colorado DORA Division of Insurance website. Colorado drivers can file complaints about a company, read enforcement actions against agents and companies, report car insurance fraud, and read consumer alerts.

Also read more on III.org's auto insurance page and this directory of insurance agents in Centennial Colorado.

Final considerations

In this article, we covered a lot of techniques to reduce auto insurance prices online. It's most important to understand that the more you quote, the more likely it is that you will get a better rate. You may be surprised to find that the lowest rates come from the least-expected company. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as .

As you prepare to switch companies, do not skimp on coverage in order to save money. There have been many cases where drivers have reduced liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your goal should be to find the BEST coverage at a price you can afford, not the least amount of coverage.

Low-cost auto insurance can be sourced on the web and also from your neighborhood Centennial agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who may not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.