Parachute Auto Insurance For Less Than You're Paying Now

Price shopping your Parachute auto insurance is hard for consumers not familiar with comparing rates online. Drivers have so many companies to choose from that it can be more work than you anticipated to compare prices in Parachute.

Parachute Rates are Influenced by These Factors

Consumers need to have an understanding of some of the elements that go into determining the rates you pay for auto insurance. Understanding what impacts premium levels enables informed choices that will entitle you to better auto insurance rates.

Listed below are some of the items auto insurance companies consider when setting prices.

Always keep insurance in force - Letting your insurance expire is a guaranteed way to bump up your auto insurance costs. And not only will your rates increase, failure to provide proof of insurance can result in a steep fine or even jail time.
Small claims can cost you - If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Companies in Colorado provide better rates to insureds who are claim-free. Car insurance is intended for major claims that would cause financial hardship.
Cautious drivers pay less - A bad driving record impacts your car insurance rates tremendously. Careful drivers tend to pay less for car insurance than bad drivers. Just one moving violation can boost insurance rates by twenty percent. If you have serious violations such as reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form to the state department of motor vehicles in order to continue driving.
Liability coverage protects you - Liability insurance will protect you when you are found liable for causing damage or personal injury in an accident. Liability provides you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
Marriage brings a discount - Getting married can actually save you money when buying auto insurance. Having a significant other means you're more responsible it has been statistically shown that drivers who are married are more cautious.
Are you male or female? - The statistics show that men are more aggressive behind the wheel. That doesn't necessarily mean that men are worse drivers. Men and women are in accidents at a similar rate, but the men cause more damage. Men also statistically get cited for more serious violations like DUI and reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high auto insurance rates.
Drive less and save money - The more miles you rack up on your car every year the higher your rate. Most insurance companies charge to insure your cars based upon how you use the vehicle. Vehicles that are left in the garage get more affordable rates than vehicles that are driven to work every day. Verify your auto insurance policy is showing how each vehicle is driven.
Big city or small town - Being located in a small town can save you money when talking about auto insurance. Lower population translates into fewer accidents and a lower car theft rate. Drivers who live in large Colorado cities have traffic congestion and longer commute times. More time commuting can result in more accidents.

These discounts can lower your rates

Companies don't always advertise every discount in an easy-to-find place, so the following is a list of both the well known and the harder-to-find auto insurance savings.

Use Seat Belts - Drivers who require all occupants to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
Employee of Federal Government - Employees or retirees of the government can earn a discount up to 10% with a few auto insurance companies.
Good Students Pay Less - This discount can save 20 to 25%. The good student discount can last until age 25.
Multi-car Discount - Buying coverage for more than one vehicle with the same company qualifies for this discount.
Paperwork-free - Some insurance companies may give you up to $50 for buying your policy on their website.
Senior Citizens - If you're over the age of 55, you may qualify for better auto insurance rates.

As a disclaimer on discounts, most credits do not apply to the entire cost. Most only apply to the price of certain insurance coverages like comp or med pay. So when the math indicates you could get a free auto insurance policy, auto insurance companies aren't that generous.

To choose insurance companies offering auto insurance discounts in Parachute, follow this link.

Are you falling for claims of savings?

Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all say the same thing about savings if you switch to their company. How do they all claim to save you money? This is how they do it.

Different companies can use profiling for the driver that makes them money. A good example of a driver they prefer might be between the ages of 30 and 50, is a homeowner, and drives newer vehicles. A customer getting a price quote who fits that profile is entitled to the best price and as a result will probably cut their rates substantially.

Drivers who are not a match for the "perfect" profile will be quoted a higher premium which usually ends up with the customer not buying. Company advertisements say "drivers who switch" not "everybody who quotes" save that much. That's why companies can truthfully claim big savings. This emphasizes why you should get a wide range of price quotes. It's impossible to know the company that will give you the biggest savings.

Even more information can be read at the Colorado DORA Division of Insurance website. Visitors are able to find a variety of consumer forms, download brochures, and file complaints about a company.

Shop smart and save

Consumers switch companies for any number of reasons including being labeled a high risk driver, extreme rates for teen drivers, poor customer service or even lack of trust in their agent. Regardless of your reason for switching companies, switching auto insurance companies is easier than you think.

We covered a lot of information how to save on auto insurance. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from a lesser-known regional company.

Cheap auto insurance is available both online and also from your neighborhood Parachute agents, and you should compare price quotes from both to have the best selection. A few companies may not provide online price quotes and these small insurance companies work with independent agents.