Top Ways to Save on Penrose Auto Insurance

I can't think of a single person who likes having to buy auto insurance, particularly when the cost is way too high.

With so many companies to choose from, it is very difficult to find the best car insurance company.

It's important to compare rates occasionally because prices are constantly changing. Even if you got the best price on your last policy you can probably find a better price now. Ignore everything you know about auto insurance because you're about to learn the only way to find great coverage at a great price.

You have some control over your rates

Consumers need to have an understanding of the rating factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively influences your rates enables informed choices that may reward you with lower auto insurance prices.

Battle of the sexes - Statistics show women tend to be less risk to insure than men. That doesn't necessarily mean that men are worse drivers. Women and men tend to get into accidents in similar percentages, but the males cause more damage. They also have more aggressive citations like DUI and reckless driving. Young males are several times more likely to be in an accident and are penalized with high auto insurance rates.
How credit affects auto insurance rates - Credit score is a large factor in determining your rates. So if your credit score is lower than you'd like, you could save money insuring your by improving your rating. Drivers who have excellent credit tend to be better drivers and file fewer claims than those with poor credit.
More than one policy can earn a discount - Most auto insurance companies will give a discount to insureds who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount, you may still want to comparison shop to ensure the best deal.
More miles equals more premium - The more miles you rack up on your car each year the more you will pay for auto insurance. Most insurance companies charge to insure your cars based on their usage. Autos left parked in the garage qualify for better rates than those used for commuting. Make sure your auto insurance policy properly reflects how each vehicle is driven.

Take advantage of discounts

Insuring your vehicles can cost a lot, but there could be available discounts that many people don't even know exist. A few discounts will automatically apply when you get a quote, but a few need to be inquired about before you will receive the discount.

Accident Forgiveness - Some insurance companies permit an accident before hitting you with a surcharge as long as you don't have any claims prior to the accident.
Braking Control Discount - Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
Auto/Life Discount - Some companies give a break if you buy a life insurance policy as well.
Multi-car Discount - Insuring more than one vehicle with the same company could earn a price break for each car.

Keep in mind that many deductions do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like it's possible to get free car insurance, it just doesn't work that way. But any discount will help reduce your overall premium however.

To choose companies offering auto insurance discounts in Colorado, click this link.

Are auto insurance companies telling the truth?

Auto insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads on TV and radio. They all seem to make the same claim that you can save if you switch to their company. But how can every company claim to save you money?

All companies have a certain "appetite" for the driver that makes them money. For example, a desirable insured might be between 30 and 50, owns a home, and has great credit. A customer getting a price quote who matches those parameters will get the preferred rates and most likely will save a lot of money.

Drivers who don't qualify for this ideal profile will have to pay higher premiums which leads to the customer not buying. The ads state "people who switch" not "people who quote" save that much. That is how insurance companies can advertise the savings.

Because of the profiling, you should get as many quotes as possible. It's impossible to know which company will fit your personal profile best.

How to know if you need help

When buying the right insurance coverage for your vehicles, there really is no perfect coverage plan. Each situation is unique so this has to be addressed. These are some specific questions might point out whether your personal situation might need professional guidance.

Does my policy cover me when driving someone else's vehicle?
Can I get a multi-policy discount for packaging my home and auto coverage?
Do I need special endorsements for business use of my vehicle?
What happens if I owe more than my vehicle is worth?
Am I covered if I wreck a rental car?
Does my personal policy cover me when driving my company car?
Is my dog or cat covered if injured in an accident?

If it's difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.

More information can be found on the website for the Colorado DORA Division of Insurance through this link. Visitors are able to learn about insurance regulations, find out industry alerts, read consumer alerts, and file complaints about an insurance agent or broker.

Other informative sites include this site for Colorado auto insurance information and see this list of insurance agents in Penrose.

The best insurance company isn't always the cheapest

Affordable auto insurance can be found both online and also from your neighborhood Penrose agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who may not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

When you buy insurance online, do not buy poor coverage just to save money. In many cases, an insured cut physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your aim should be to get the best coverage possible at an affordable rate.

We covered many ideas to save on auto insurance. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. You may be surprised to find that the best prices are with a company that doesn't do a lot of advertising. Some small companies can often insure niche markets at a lower cost than their larger competitors like .