Tightwads Guide for Saving on Loveland Auto Insurance

I can't think of anyone who looks forward to paying for auto insurance, in particular when the price is too high.

Big-name insurance companies like GEICO and Progressive promote their brand names with fancy advertisements and it can be hard to sift through the bull and find the best price available.

If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. Finding the best rates in Loveland is easy if you know what you're doing. But Colorado drivers do need to know the methods companies use to determine prices and take advantage of how the system works.

These discounts can lower your rates

Properly insuring your vehicles can get expensive, but companies offer discounts to help offset the cost. Most are applied at quote time, but some must be manually applied in order for you to get them.

Federal Employees - Active or retired federal employment can earn a discount up to 10% with a few auto insurance companies.
Passive Restraints and Air Bags - Cars that have air bags or motorized seat belts can qualify for discounts of more than 20%.
Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in high school.
No Claims - Good drivers with no accidents can earn big discounts when compared to drivers who are more careless.
Military Discounts - Having a deployed family member can result in better rates.
Low Mileage Discounts - Keeping the miles down can qualify you for lower rates on the low mileage vehicles.
Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
Sign Early and Save - Select companies give a discount for switching policies prior to your current policy expiring. It can save you around 10%.
Anti-theft System - Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.

Consumers should know that most credits do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like comp or med pay. So even though it sounds like you could get a free auto insurance policy, companies don't profit that way. But all discounts will reduce the cost of coverage.

Different people need different coverages

When it comes to buying proper insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone's situation is unique and a cookie cutter policy won't apply. For instance, these questions may help highlight whether you could use an agent's help.

Am I covered if I drive in a foreign country?
Should I drop comprehensive coverage on older vehicles?
Is my cargo covered for damage or theft?
Are there companies who specialize in insuring high-risk drivers?
Am I covered when delivering products for my home-based business?
Is my dog or cat covered if injured in an accident?

If you don't know the answers to these questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier

Are you falling for claims of savings?

Auto insurance providers like Progressive, Allstate and GEICO regularly use ads on television and other media. They all say the same thing that you'll save big if you move your policy. How can each company make almost identical claims? This is how they do it.

Different companies have a certain "appetite" for the right customer that earns them a profit. An example of a driver they prefer could possibly be over the age of 40, a clean driving record, and drives less than 7,500 miles a year. A driver who fits that profile will qualify for the lowest rates and as a result will probably save when they switch companies.

Potential insureds who are not a match for the requirements will be quoted more money which usually ends up with the driver buying from a lower-cost company. The ad wording is "drivers who switch" not "everybody who quotes" save that kind of money. That is how companies can advertise the way they do.

This emphasizes why you should get as many comparisons as possible. It is impossible to predict which company will provide you with the cheapest rates.

Much more information about auto insurance in Colorado is available on the website for the Colorado DORA Division of Insurance. Click here for link. Colorado consumers can download brochures, find out industry alerts, read industry bulletins, and find disaster information.

Do the work, save more money

In this article, we presented a lot of information how to reduce auto insurance prices online. The key concept to understand is the more price quotes you have, the better your comparison will be. You may even find the lowest premiums are with a smaller regional carrier. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as .

Discount auto insurance is possible online in addition to many Loveland insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some auto insurance companies do not provide you the ability to get quotes online and these smaller companies work with independent agents.