Car Insurance in Parker - 9 Ways to Save Money

Nobody cherishes buying car insurance, particularly when they are paying too much.

Drivers have multiple to buy insurance from, and though it is a good thing to have multiple companies, it can be more challenging to compare rates.

It's important to take a look at other company's rates periodically since rates are constantly changing. Even if you got the best rates last year a different company probably has better rates today. There is a lot of bad information regarding car insurance online but we're going to give you some great ways to find cheap car insurance.

Choosing the best insurance company for you in Parker is not that difficult. Essentially everyone who carries car insurance will most likely be able to cut their insurance bill. Although Colorado consumers do need to know the way insurance companies price insurance differently.

More discounts equal less premium

Companies that sell car insurance don't list every available discount very clearly, so the following is a list of both the well known and also the lesser-known savings tricks you should be using.

  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Good Student - Performing well in school can earn a discount of 20% or more. The good student discount can last well after school through age 25.
  • Life Insurance - Companies who offer life insurance give a discount if you purchase life insurance.
  • Accident Forgiveness - Certain companies allow you one accident before your rates go up if you are claim-free for a set time period.
  • Senior Citizens - If you qualify as a senior citizen, you may be able to get better car insurance rates.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.
  • Federal Employees - Active or retired federal employment could cut as much as 10% off with certain companies.
  • Homeowners Savings - Being a homeowner can help you save on car insurance due to the fact that maintaining a home demonstrates responsibility.
  • Low Mileage - Fewer annual miles could qualify for discounted rates on garaged vehicles.

A little note about advertised discounts, most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like comprehensive or collision. Just because you may think adding up those discounts means a free policy, you won't be that lucky.

Parker car insurance quote

It's not one size fits all

When it comes to buying coverage for your vehicles, there isn't really a "best" method to buy coverage. Every situation is different so your insurance should reflect that Here are some questions about coverages that may help highlight if you would benefit from professional advice.

  • Does my insurance cover a custom paint job?
  • Should I buy only the required Colorado minimum liability coverage?
  • What are the financial responsibility laws in Colorado?
  • I have good health insurance, so how much medical payments coverage do I need?
  • When does my teenage driver need to be added to my policy?
  • Should I buy additional glass protection?

If you're not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area.

Switch companies and save? Really?

Companies like Allstate and Progressive continually stream ads in print and on television. All the ads make an identical promise about savings after switching to their company. How does each company claim to save you money? It's all in the numbers.

Insurance companies have a certain "appetite" for the driver that earns them a profit. A good example of a preferred risk might be a mature driver, a clean driving record, and drives newer vehicles. Any new insured who meets those qualifications will get the preferred rates and therefore will save when switching.

Potential insureds who do not match these standards will be charged more money and ends up with the customer not buying. The ads state "customers who switch" not "everyone that quotes" save that much. That is how companies can truthfully claim big savings. That is why drivers should get quotes from several different companies. It's just too difficult to predict which company will give you the biggest savings.

Additional Colorado consumer information

Even more information can be read at the Colorado DORA Division of Insurance website. Visitors are able to find out industry alerts, file complaints about a company, file complaints about an insurance agent or broker, and get help finding coverage.

Colorado car insurance

Do the work, save more money

When trying to cut insurance costs, never skimp on coverage in order to save money. Too many times, someone dropped collision coverage and discovered at claim time that it was a big mistake. The aim is to get the best coverage possible at the best price, not the least amount of coverage.

We just covered many tips how you can reduce car insurance prices online. The most important thing to understand is the more quotes you get, the higher the chance of saving money. You may be surprised to find that the best price on car insurance is with some of the smallest insurance companies. Regional companies may cover specific market segments cheaper as compared to the big name companies such as .

The cheapest car insurance can be purchased both online and also from your neighborhood Parker agents, and you need to price shop both to have the best chance of lowering rates. A few companies may not provide you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.