5 Ways to Save on Car Insurance in Silverthorne

Beginners to buying insurance online may find buying cheap Silverthorne car insurance quite challenging.

It's important to price shop coverage occasionally since rates are constantly changing. Despite the fact that you may have had the lowest price six months ago there is a good chance you can find better rates now. There is a lot of wrong information about car insurance on the web, but I'm going to show you some great ways to reduce your car insurance bill.

Buying car insurance in Silverthorne is quite easy. Basically, everyone who has to buy car insurance should be able to reduce their rates. Nevertheless, Colorado car owners do need to know how insurance companies compete online because it can help you find the best coverage.

Automobile Insurance Quotes in Silverthorne, CO

There are several ways to compare rate quotes from different Silverthorne insurance companies. One of the best ways to find competitive insurance rates consists of obtaining rate quotes online. This is very easy and can be done in a couple of different ways.

  1. The fastest way consumers can make multiple comparisons is to use a rate comparison form like this one (opens in new window). This method prevents you from having to do boring form submissions for each company you want a rate for. A single form will get you rate comparisons from all major companies. Just one form and you're done.
  2. A different way to get quotes online requires you to visit each individual company website to complete their respective quote request forms. For instance, we'll pretend you want to compare , and . To get each rate you have to go to every website and enter your policy data, and that's why the first method is more popular.

    To view a list of companies in Silverthorne, click here.

Whichever way you use, make absolute certain that you use apples-to-apples coverage information on every quote you get. If your comparisons have unequal deductibles or liability limits it will be very difficult to determine which rate is truly the best in Silverthorne. Just a small difference in coverage limits may result in large price differences. And when quoting car insurance, remember that comparing more company's prices gives you a better chance of getting the best offered rates.

Save big with these 5 discounts

Companies offering auto insurance do not advertise all their discounts very well, so we researched some of the more common and the harder-to-find car insurance savings.

  • Accident Forgiveness - Some insurance companies will allow you to have one accident before hitting you with a surcharge as long as you don't have any claims for a set time period.
  • Anti-lock Brake Discount - Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
  • New Car Discount - Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Early Switch Discount - Select companies give a discount for switching to them prior to your current policy expiration. It's a savings of about 10%.
  • Theft Prevention Discount - Anti-theft and alarm systems are stolen less frequently and therefore earn up to a 10% discount.

It's important to understand that most of the big mark downs will not be given to your bottom line cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like adding up those discounts means a free policy, it doesn't quite work that way.

To choose companies who offer car insurance discounts in Colorado, follow this link.

Car insurance ads bend the truth

Car insurance companies such as State Farm, GEICO and Progressive continually stream ads on TV and radio. They all seem to say the same thing of big savings after switching your policy. But how can every company make the same claim? This is how they do it.

Insurance companies have a certain "appetite" for the right customer that makes them money. For instance, a desirable insured could be over the age of 50, owns a home, and has a high credit rating. Any new insured who fits that profile receives the best rates and most likely will save a lot of money.

Drivers who fall outside this ideal profile will have to pay a higher premium which usually ends up with business going elsewhere. Company advertisements say "drivers who switch" not "people who quote" save that kind of money. That is how insurance companies can confidently state the savings. Because of the profiling, you need to get as many quotes as possible. It's just too difficult to predict which company will have the lowest rates.

But I don't know anything about car insurance

When buying the best car insurance coverage for your vehicles, there really is no "perfect" insurance plan. Everyone's situation is unique.

These are some specific questions might point out if your situation may require specific advice.

  • Does my policy cover me when driving someone else's vehicle?
  • Do I need PIP (personal injury protection) coverage in Colorado?
  • Should I file a claim if it's only slightly more than my deductible?
  • Does my car insurance cover rental cars?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is rental equipment covered for theft or damage?
  • Do I really need UM/UIM coverage?

If you don't know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form.

More tips and info about car insurance is located at the Colorado DORA Division of Insurance website. Consumers can learn about insurance regulations, read consumer alerts, and read enforcement actions against agents and companies.

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

Silverthorne car insurance quote

Do the work, save more money

Low-cost car insurance can be bought from both online companies in addition to many Silverthorne insurance agents, and you should be comparing both to have the best selection. Some insurance companies do not provide online price quotes and most of the time these small, regional companies sell through independent agents.

As you restructure your insurance plan, don't be tempted to reduce coverage to reduce premium. In many cases, an insured cut collision coverage and learned later that they should have had better coverage. Your aim should be to buy enough coverage for the lowest price.

You just learned many ways to compare car insurance prices online. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your rates. You may be surprised to find that the biggest savings come from a smaller regional carrier.