10 Tricks to Save on Car Insurance in Lyons

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us when we tell you you are not the only one feeling buyer's remorse. Because there are so many options when it comes to car insurance, it's nearly impossible to find the cheapest insurance company.

It's important to do rate comparisons at least once a year since rates are constantly changing. Despite the fact that you may have had the lowest price last year you can probably find a better price now. You can find a lot of misleading information regarding car insurance online but we're going to give you some great ways to quit paying high car insurance rates.

Are you getting all your discounts?

Companies don't always advertise every available discount very well, so we researched both the well known as well as the least known discounts you could be receiving. If you don't get every credit possible, you are paying more than you should be.

Passive Restraint Discount - Vehicles with factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
Driver Safety - Taking a defensive driving course could possibly earn you a 5% discount if your company offers it.
Resident Student - Youth drivers who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
Anti-lock Brakes - Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
Multi-policy Discount - If you insure your home and vehicles with one insurance company you may save 10% to 20% off each policy.
Accident Free - Drivers with accident-free driving histories pay much less compared to accident-prone drivers.
Life Insurance Discount - Companies who offer life insurance give a break if you buy life insurance from them.
Military Rewards - Being deployed with a military unit may qualify for rate reductions.
Driver's Ed - Cut your cost by having your teen driver take driver's ed class if it's offered in school.
Payment Method - By paying your policy upfront instead of making monthly payments you can actually save on your bill.

A little note about advertised discounts, some of the credits will not apply the the whole policy. Some only apply to individual premiums such as medical payments or collision. Just because it seems like you could get a free car insurance policy, you won't be that lucky.

To choose providers who offer car insurance discounts in Colorado, click here.

How can State Farm and Allstate save drivers who switch?

Consumers in Colorado can't ignore all the ads that promise big savings by companies like State Farm and Allstate. All the ads have a common claim about savings after switching to them.

But how can every company claim to save you money?

Different companies are able to cherry pick for the type of driver that makes them money. For instance, a preferred risk might be between the ages of 30 and 50, has no tickets, and drives newer vehicles. Any new insured that hits that "sweet spot" will qualify for the lowest rates and as a result will probably save a lot of money.

Drivers who are not a match for this ideal profile will be charged a higher premium and this can result in the customer not buying. The ad wording is "customers that switch" not "everybody who quotes" save money. That's the way companies can truthfully claim big savings. That is why you should compare many company's rates. It's just too difficult to predict which car insurance company will give you the biggest savings.

Even more information is located at the Colorado DORA Division of Insurance website. Visitors are able to file complaints about a company, discover disciplinary actions, read enforcement actions against agents and companies, and find out industry alerts.

Other informative sites include NAIC.org's Understanding your Policy and this directory of Lyons insurance agents.

Best coverage at the best price

We just covered a lot of techniques to save on car insurance. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from some of the lesser-known companies. Some small companies may cover specific market segments cheaper than the large multi-state companies such as .

Cheaper car insurance can be bought both online and with local Lyons insurance agents, and you should compare price quotes from both to have the best selection. A few companies do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

When trying to cut insurance costs, do not buy poor coverage just to save money. There have been many cases where an insured dropped collision coverage and learned later that it was a big mistake. Your goal should be to get the best coverage possible at a price you can afford, not the least amount of coverage.