5 Ways to Pay Less on Auto Insurance in Broomfield

People new to buying insurance online will find buying the lowest-priced Broomfield auto insurance is more work than they anticipated.

You should take the time to do rate comparisons every six months since rates go up and down regularly. Just because you had the best deal on your last policy you may be paying too much now. So just ignore everything you know about auto insurance because you’re going to get a crash course in the fastest and easiest way to find lower rates on auto insurance.

If you have a policy now or are shopping for new coverage, you can use these tips to find the best rates while maximizing coverage. Buying more affordable auto insurance coverage in Broomfield is not that difficult. Colorado drivers just need to know the tricks to compare price quotes online.

Broomfield Auto Insurance Quote Comparison

All major auto insurance companies provide pricing on their websites. Getting quotes is pretty painless as you simply enter your coverage information as detailed in the form. Upon sending the form, their system requests reports for credit and driving violations and quotes a price based on many factors.

Online quotes makes it a lot easier to compare rates but the process of having to visit each company’s website and repetitively enter the same data into a form is repetitive and time-consuming. But it is imperative to perform this step in order to find the lowest possible prices on auto insurance.

Isn’t there an easier way to compare rates?

The quickest way to lower your rates is to use a quote form that gets price quotes from many companies. It saves time, reduces the work, and makes online quotes a little more enjoyable. After sending the form, it is quoted and you can choose your choice of the returned quotes.

If a lower price is quoted, it’s easy to complete the application and purchase coverage. The entire process just takes a couple of minutes and can result in significant savings.

In order to get comparison pricing now, click here and enter your information. To compare your current rates, we recommend you copy the limits and deductibles exactly as shown on your declarations page. This makes sure you will be getting a price comparison using the exact same coverages.

Cut your auto insurance rates with these 5 discounts

The cost of insuring your cars can be expensive, but there could be available discounts that many people don’t even know exist. Certain discounts will be applied when you quote, but a few must be inquired about prior to getting the savings. If you don’t get every credit you qualify for, you’re just leaving money on the table.

  • Anti-lock Brakes – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • Auto/Home Discount – When you have multiple policies with one insurance company you may save 10% to 20% off each policy.
  • Auto/Life Discount – Some companies give a break if you buy life insurance from them.
  • Save over 55 – If you qualify as a senior citizen, you may receive reduced rates.
  • More Vehicles More Savings – Buying insurance for multiple cars or trucks on the same auto insurance policy may reduce the rate for each vehicle.

It’s important to understand that most discounts do not apply to your bottom line cost. Most only apply to individual premiums such as collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, it doesn’t quite work that way. Any qualifying discounts will reduce the amount you have to pay.

What about using a local agent?

Certain consumers would rather buy from a licensed agent and that is just fine! Insurance agents are trained to spot inefficiencies and help you file claims. One of the best bonuses of comparing rates online is you may find better rates but still work with a licensed agent. And supporting small agencies is important particularly in Broomfield.

After completing this simple form, your insurance data is immediately sent to participating agents in Broomfield who will return price quotes for your business. You won’t need to drive around because quoted prices will be sent to your email.

Best insurance agent in Broomfield

When looking for local Broomfield agents, there are a couple of types of agencies from which to choose. Broomfield agents are classified as either captive or independent. Both properly insure your vehicles, but it’s worth learning the differences because it can impact the type of agent you choose<img class="alignright" style="padding-top:15px;" src="https://www.findnewcarinsurance.com/wp-content/uploads/ci175-60.jpg" alt="Broomfield Colorado car insurance“/>

Independent Agents (or Brokers)

Independent insurance agents are not required to write business for one company so they can insure your vehicles with any number of different companies enabling the ability to shop coverage around. If you are not satisfied with one company, an independent agent can move your coverage without you having to go to a different agency. When comparing rates, you should always contact multiple independent agents to have the most options to choose from. Most have the option of insuring with lesser-known insurance companies who may have lower rates.

The following are Broomfield independent agents who may be able to give you price quotes.

  • Auto-Owners Insurance Co – 11080 Circle Point Rd # 410 – Broomfield, CO 80020 – (303) 262-1015
  • Hultman Insurance – 9035 Wadsworth Pkwy # 1300 – Broomfield, CO 80021 – (303) 940-9689
  • Richard Buchanan Agency – 9100 W 100th Ave – Broomfield, CO 80021 – (303) 420-0110
  • Richard Wilson Agency – 10155 Westmoor Dr # 235 – Broomfield, CO 80021 – (720) 540-4925
  • Vern Warkenthien Agency Inc – 1 W Flatiron Cir # 322 – Broomfield, CO 80021 – (720) 887-4100
Captive Insurance Agents

Captive agents have only one company to place business with and examples are Farmers Insurance, American Family, State Farm and Allstate. They usually cannot give you multiple price quotes so they have no alternatives for high prices. These agents are very knowledgeable on their company’s products which can be an advantage. Some consumers prefer to choose to use a captive agent mainly due to the prominence of the brand and solid financial strength.

Listed below are Broomfield captive agents that are able to give price quote information.

  • Allstate Insurance – 12161 Sheridan Blvd # C – Broomfield, CO 80020 – (303) 410-1441
  • Liberty Mutual Insurance – 7355 W 88th Ave # T – Broomfield, CO 80021 – (303) 420-3222
  • Shelter Insurance – 770 Burbank St – Broomfield, CO 80020 – (303) 465-3400
  • American Family Insurance – 6363 W 120th Ave # 320 – Broomfield, CO 80020 – (303) 469-1923
  • State Farm Insurance – 10138 Wadsworth Pkwy # F-100 – Broomfield, CO 80021 – (303) 422-4160
  • Farm Bureau Insurance – 555 Alter St # 6 – Broomfield, CO 80020 – (303) 464-9575
  • Farmers Insurance Group – 6343 W 120th Ave – Broomfield, CO 80020 – (303) 469-2115

For a full directory of captive insurance agencies in Broomfield, please view this page.

Deciding on an insurance agency shouldn’t rely on just a low price. Some important questions to ask are:

  • Will your rates increase after a single accident?
  • Is assistance available after office hours?
  • Do clients work directly with the agent or are most inquiries handled by a CSR?
  • What insurance companies do they recommend if they are an independent agent?
  • Will their companies depreciate repairs to your car based on the mileage?
  • Do they receive special compensation for putting your coverage with one company over another?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?

Upon receiving satisfactory answers to your questions and an acceptable price quote, most likely you have located a car insurance agent that is a good match to service your policy. Keep in mind consumers can cancel a policy at any point so don’t assume you are locked into the auto insurance policy for any length of time.

More information is available on the Colorado DORA Division of Insurance website. Click here for link. Colorado consumers can read enforcement actions against agents and companies, file complaints about an insurance agent or broker, and learn about insurance regulations.

Additional helpful sites include III.org’s auto insurance page and CarInsuranceDIY.com.

Auto insurance coverage options

Understanding the coverages of your auto insurance policy helps when choosing the best coverages for your vehicles. Auto insurance terms can be impossible to understand and coverage can change by endorsement.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for bills such as hospital visits, funeral costs, surgery and rehabilitation expenses. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage

Collision coverage

Collision coverage covers damage to your vehicle resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as colliding with a tree, hitting a parking meter and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.

Comprehensive auto insurance

This covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like hail damage, hitting a bird and theft. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Broomfield Colorado car insurance

Liability auto insurance

This coverage can cover damage that occurs to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined limit which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage protects against things like structural damage, loss of income and medical services. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford. Colorado requires minimum liability limits of 25,000/50,000/15,000 but you should consider buying higher limits.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your vehicle.

Since many Colorado drivers have only the minimum liability required by law (25/50/15), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.

Buy online or local, you save

As you shop your coverage around, it’s a bad idea to reduce coverage to reduce premium. Too many times, an insured cut physical damage coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Cheaper auto insurance is possible from both online companies and with local Broomfield insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some auto insurance companies do not offer online quoting and most of the time these small insurance companies sell through independent agents.

Throughout this article, we presented a lot of tips how to get a better price on auto insurance. The key concept to understand is the more quotes you get, the better your chances of lowering your rates. Drivers may discover the lowest premiums are with an unexpected company.