Car Insurance in Denver - 7 Discounts to Save Money
Did you fall for a flashy sales pitch and buy high-priced car insurance? Trust us, there are lots of people in the same boat. Drivers have multiple to buy insurance from, and although it's a good thing to have a selection, it can be more challenging to compare rates.
It's important to compare prices at least once a year since rates are constantly changing. Even if you got the best price a couple years back the chances are good that you can find a lower rate today. Block out anything you think you know about car insurance because we're going to demonstrate the tricks you need to know to get good coverage at a lower rate.
Are you getting all your discounts?
Auto insurance companies don't always publicize all their discounts very clearly, so we took the time to find some of the more common as well as the least known savings tricks you should be using. If you're not getting every credit possible, you're paying more than you need to.
- 55 and Retired - Mature drivers may be able to get better car insurance rates.
- Driver Safety - Successfully completing a driver safety course could possibly earn you a 5% discount and easily recoup the cost of the course.
- Life Insurance - Some companies give a discount if you purchase life insurance.
- College Student - Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
- Theft Prevention Discount - Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
- No Charge for an Accident - Certain companies will forgive one accident before raising your premiums as long as you don't have any claims for a set time period.
- Multiple Vehicles - Buying coverage for multiple vehicles on the same car insurance policy may reduce the rate for each vehicle.
Keep in mind that most discounts do not apply the the whole policy. Most only apply to individual premiums such as liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, it just doesn't work that way.
To see a list of companies who offer car insurance discounts in Colorado, click here to view.
Comprehensive Denver Car Insurance Comparison Quotes
Most companies like Progressive, GEICO, Allstate and State Farm allow you to get coverage prices on their websites. Getting quotes is quite simple as you just type in the coverage amounts you desire as detailed in the form. Once you submit the form, their rating system will obtain credit information and your driving record and returns a price quote based on many factors. Being able to quote online helps simplify price comparisons, but the time required to go to many different websites and type in the same information is monotonous and tiresome. But it's very important to get many rate quotes in order to find the best price on car insurance.
The preferred way to find better car insurance pricing is to use a quote form that gets price quotes from several different companies. The form is fast, eliminates form submissions, and makes rate comparisons much more enjoyable. Immediately after you send the form, it is rated and you can select any one of the price quotes you receive. If a lower price is quoted, you can simply submit the application and buy the new coverage. The entire process takes 15 minutes at the most and may save quite a bit of money.
To find out if lower rates are available, click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend you type in as shown on your current policy. This makes sure you will have a fair comparison based on the exact same insurance coverage.
How can Progressive, GEICO, Allstate and State Farm save drivers who switch?
Consumers can't get away from ads that promise big savings by Progressive, GEICO, Allstate and State Farm. They all seem to make an identical promise that you can save after switching to their company.
How does each company make the same claim?
Insurance companies are able to cherry pick for the driver that is profitable for them. For example, a desirable insured could be over the age of 40, has no tickets, and drives less than 10,000 miles a year. Any new insured who meets those qualifications is entitled to the best price and as a result will probably save when switching.
Potential customers who are not a match for these standards will have to pay a higher premium and ends up with business going elsewhere. Company advertisements say "customers that switch" not "everybody who quotes" save that much. That's the way insurance companies can advertise the way they do. Because of the profiling, drivers must quote coverage with many companies. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.
And the best car insurance company is...
As you go through the steps to switch your coverage, it's very important that you do not reduce coverage to reduce premium. There are many occasions where an insured dropped physical damage coverage only to discover later that the savings was not a smart move. Your aim should be to buy enough coverage at a price you can afford.
Affordable car insurance can be purchased from both online companies and also from your neighborhood Denver agents, and you need to comparison shop both to have the best rate selection. Some car insurance companies may not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.
You just learned many tips how you can compare car insurance prices online. The most important thing to understand is the more times you quote, the better chance you'll have of finding lower rates. Drivers may discover the lowest premiums are with a small local company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as .
Find out more about car insurance
Additional detailed information can be found at the Colorado DORA Division of Insurance website. Consumers can learn about insurance regulations, discover disciplinary actions, view agent and company licensing information, and read enforcement actions against agents and companies.
