Insider Methods for Low-Cost Castle Rock, CO Auto Insurance

Overpriced auto insurance can empty your bank account and put a big crunch on your finances. Comparison shopping is free and is an excellent way to make sure you’re not throwing money away. Because there are so many companies and agents to choose from, it can be diffult for consumers to find the right company.

Consumers need to compare prices yearly since insurance rates tend to go up over time. Even if you got the best deal last year you can probably find a lower rate today. Starting right now, block out anything you think you know about auto insurance because it’s time to teach you one of the easiest ways to save on auto insurance.

Save money by taking advantage of these discounts

Insurance can be prohibitively expensive, but you may find discounts that can drop the cost substantially. Most are applied when you quote, but lesser-known reductions have to be manually applied prior to receiving the credit. If they aren’t giving you every credit available, you are throwing money away.

  • Auto/Home Discount – If you insure your home and vehicles with the same insurance company you may earn approximately 10% to 15%.
  • Military Rewards – Being deployed with a military unit can result in better rates.
  • More Vehicles More Savings – Insuring multiple cars or trucks on one policy could earn a price break for each car.
  • Discount for New Cars – Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • 55 and Retired – Older drivers may be able to get a discount up to 10%.
  • Safe Drivers – Drivers who avoid accidents can pay as much as 50% less than drivers with accidents.
  • Federal Government Employee – Simply working for the federal government can earn a discount up to 10% with certain companies.
  • Claim Free – Drivers with accident-free driving histories can save substantially as compared to bad drivers.
  • Discount for Swiching Early – Some companies give discounts for signing up before your current expiration date. The savings is around 10%.

Consumers should know that most credits do not apply to your bottom line cost. A few only apply to individual premiums such as comprehensive or collision. Just because it seems like having all the discounts means you get insurance for free, it just doesn’t work that way. Any amount of discount will help reduce the cost of coverage.

For a list of insurance companies with discount auto insurance rates in Colorado, click here.

Good Decisions Result in Lower Rates

An important part of buying insurance is that you know the rating factors that play a part in calculating your auto insurance rates. Knowing what determines base rates empowers consumers to make smart changes that will entitle you to big savings.

  • A lapse in coverage is a bad thing – Having an insurance coverage lapse will be a quick way to increase your auto insurance rates. Not only will rates go up, getting caught without coverage can result in a hefty fine and possibly a revoked license.
  • Women pay lower rates – The statistics show that men are more aggressive behind the wheel. Now that doesn’t mean women are BETTER drivers than men. They both have accidents in similar numbers, but the male of the species tend to have more serious accidents. Men also tend to get cited for more serious violations like reckless driving and DUI.
  • Low deductibles can be expensive – Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some instances where coverage would apply could be running into the backend of another car, damage from fire, and burglary. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket if you file a covered claim. The more expense you are required to pay out-of-pocket, the less your company will charge you for insurance.
  • More performance means more cost – The type of vehicle you drive makes a big difference in your rates. The cheapest insurance rates are generally reserved for economy passenger models, but the final cost of insurance is determined by many other factors.
  • Liability coverage protects you – Liability coverage is the coverage that protects you when you are found liable for damages caused by your negligence. It provides legal defense which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.

Online quotes with a local Castle Rock insurance agent

A small number of people would rather buy from a local agent and that is a personal choice. Professional agents can help determine the best coverages and help submit paperwork. One of the great benefits of comparing insurance prices online is the fact that you can find the best rates and still have an agent to talk to. Buying from local businesses is important especially in Castle Rock.

After filling out this quick form, the quote information is emailed to companies in Castle Rock who will return price quotes for your coverage. You never need to leave your house as quotes are delivered directly to your email. It doesn’t get any easier!

Listed below are Castle Rock insurance companies that may be willing to give price quotes.

American Family Insurance – 4714 Milestone Ln # D, Castle Rock, CO 80104 – (303) 475-4810
Farmers Insurance Group – 314 Elbert St, Castle Rock, CO 80104 – (303) 663-0181
State Farm Insurance – 4765 Front St # C, Castle Rock, CO 80104 – (303) 660-3410
Grocers Insurance Svc – 4157 Stone Canon Rnch, Castle Rock, CO 80104 – (303) 660-9893
Allstate Insurance – 937 Park St, Castle Rock, CO 80109 – (303) 663-2293
Farm Bureau Insurance – 401 S Wilcox St # 101, Castle Rock, CO 80104 – (303) 688-5193
Kent O Hamacher Agency Inc – 314 Wilcox St # 201, Castle Rock, CO 80104 – (303) 688-3783

Picking a company requires more thought than just the price. Any agent should have no problem answering these questions:

  • Who is covered by the car insurance policy?
  • Does the agency support the community they serve?
  • How are they compensated?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
  • Which company do they place the most coverage with?

Once you have reasonable responses to any questions you have as well as a affordable price, it’s possible that you found an insurer that will properly service your auto insurance policy.

Misconceptions in auto insurance advertisements

Colorado consumers can’t get away from ads that promise big savings from the likes of Allstate and Progressive. They all have a common claim of big savings if you change your coverage to them.

How does each company make almost identical claims?

All companies can use profiling for the type of customer that earns them a profit. A good example of a preferred risk could possibly be over the age of 50, has no tickets, and drives less than 10,000 miles a year. A customer who matches those parameters will get the preferred rates and as a result will probably cut their rates substantially.

Consumers who are not a match for these standards will be quoted higher prices which leads to business going elsewhere. The ads state “customers that switch” not “people who quote” save that much money. That is how insurance companies can confidently advertise the way they do.

This emphasizes why drivers must get quotes from several different companies. It’s just too difficult to predict which auto insurance company will give you the biggest savings.

Read more about Colorado auto insurance

Additional auto insurance information is available on the website for the Colorado DORA Division of Insurance located here. Consumers can find out which companies have the most complaints, report car insurance fraud, get help finding coverage, and discover disciplinary actions.

Additional helpful sites include these car insurance answers and this link where you can get more info about Castle Rock coverage.

Best coverage at the best price

The cheapest auto insurance can be bought both online in addition to many Castle Rock insurance agents, so you should compare both to have the best rate selection. A few companies do not provide the ability to get a quote online and these small, regional companies work with independent agents.

In this article, we presented quite a bit of information on how to save on auto insurance. It’s most important to understand that the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from an unexpected company. Regional companies may cover specific market segments cheaper than the large multi-state companies such as GEICO and State Farm.