How to Know You're Spending Too Much for Car Insurance in Julesburg

Paying for high-priced car insurance can dwindle your checking account, especially in this economy. Comparison shopping is free, only takes a few minutes, and is a good way to help make ends meet.

You have multiple to buy insurance from, and although it's nice to have multiple companies, having more makes it harder to compare rates.

It's important to do rate comparisons yearly because rates are constantly changing. Just because you had the best rates a few years ago a different company probably has better rates today. There is too much inaccurate information about car insurance online, so I'm going to show you some great ways to find cheap car insurance.

These discounts can lower your rates

Companies offering auto insurance do not advertise all their discounts very clearly, so the following is a list of some of the more common as well as the least known savings tricks you should be using.

Life Insurance - Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
Bundle and Save - If you have multiple policies with one insurance company you could get a discount of up to 20% off your total premium.
Good Student Discount - Performing well in school can get you a discount of up to 25%. The good student discount can last until age 25.
New Car Discount - Buying coverage on a new vehicle is cheaper since new cars are generally safer.
Early Signing - Some insurance companies reward drivers for switching to them prior to your current policy expiring. This can save 10% or more.
Anti-theft Discount - Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. So despite the fact that it appears all the discounts add up to a free policy, you won't be that lucky.

Why some people pay less for insurance in Julesburg

Smart consumers have a good feel for the different types of things that go into determining your car insurance rates. Knowing what impacts premium levels allows you to make educated decisions that may reward you with lower car insurance prices.

Where you live can impact rates - Residing in a rural area can be a good thing when it comes to car insurance. Drivers who live in large cities tend to have much more traffic and longer commute times. Less people living in that area means fewer accidents and a lower car theft rate.
How's your driving record? - Good drivers have lower premiums than bad drivers. Even one moving violation can increase rates by as much as thirty percent. Drivers who have serious citations such as DWI, reckless driving or hit and run convictions may need to submit a SR-22 form with their state motor vehicle department in order to continue driving.
Discounts for multiple policies - Most insurers will give a discount to policyholders who consolidate policies with them in the form of a multi-policy discount. Even if you're getting this discount you still need to compare other company rates to make sure you are getting the best deal.
Frequent car insurance claims increase rates - If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Car insurance companies in Colorado award lower rates to insureds who file claims infrequently. Auto insurance is meant to be used in the event of the bigger claims that can't be paid out-of-pocket.
Your occupation can affect rates - Did you know your job can affect your rates? Jobs such as real estate brokers, business owners and financial analysts tend to pay higher average rates because of high stress levels and lengthy work days. Conversely, occupations such as pilots, engineers and homemakers have the lowest average rates.

Different people need different coverages

When it comes to buying coverage for your personal vehicles, there isn't really a best way to insure your cars. Everyone's needs are different so your insurance should reflect that For instance, these questions can help discover whether you may require specific advice.

When does my teenage driver need to be added to my policy?
What are the best liability limits?
Do I need to file an SR-22 for a DUI in Colorado?
Should I file a claim if it's only slightly more than my deductible?
Does my car insurance cover rental cars?
Do I need special endorsements for business use of my vehicle?
Does my policy cover my teen driver if they drive my company car?

If you're not sure about those questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Are you falling for claims of savings?

Car insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads on television and other media. They all seem to make an identical promise about savings if you switch to them. How does each company make the same claim?

All companies have a preferred profile for the type of driver that earns them a profit. A good example of a desirable insured could be over the age of 50, has no prior claims, and has a short commute. A customer who meets those qualifications will qualify for the lowest rates and as a result will probably save when switching.

Potential insureds who are not a match for these standards will have to pay more money and ends up with business going elsewhere. The ad wording is "customers that switch" not "everybody who quotes" save money. This is how companies can truthfully make the claims of big savings. Because of the profiling, drivers should get a wide range of price quotes. Because you never know which insurance companies will fit your personal profile best.

Learn more about car insurance in Colorado

Even more information can be read at the Colorado DORA Division of Insurance website. Consumers can view agent and company licensing information, file complaints about a company, read consumer alerts, and download brochures.

Final considerations

As you shop your coverage around, it's very important that you do not skimp on coverage in order to save money. In many instances, consumers will sacrifice full coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to get the best coverage possible at a price you can afford.

We just showed you some good ideas how you can reduce car insurance prices online. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. You may even discover the biggest savings come from a small local company. Regional companies may cover specific market segments cheaper than the large multi-state companies such as .

Cheaper car insurance is available from both online companies and with local Julesburg insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.