Nobody cherishes buying auto insurance, in particular when the cost is way too high.
Online insurance companies like GEICO, 21st Century and Progressive continually hit you with TV and radio ads and it is difficult to see past the corporate glitz and take the time to shop coverage around.
Consumers need to shop coverage around periodically since rates tend to go up over time. If you had the best deal two years ago you will most likely find a better rate today. Forget all the misinformation about auto insurance because we’re going to demonstrate one of the easiest ways to find great coverage at a great price.
If you currently have a car insurance policy, you will be able to save some money using this information. Buying car insurance in Lakewood is not rocket science. Nevertheless, Colorado vehicle owners must understand how insurance companies market insurance on the web and apply this information to your search.
Smart consumers have a good feel for the different types of things that go into determining the rates you pay for auto insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that may reward you with lower auto insurance prices.
Performing a rate comparison can take time and effort if you don’t understand the most efficient way to do it. You could spend the better part of a day discussing policy coverages with insurance companies in Lakewood, or you can stay home and use the web for quick rates.
Most car insurance companies participate in a marketplace where prospective buyers submit their information once, and each participating company can provide price quotes based on that data. This eliminates the need for quotation requests to each individual auto insurance company.
To access this free quoting program, click here (opens in new window).
The only drawback to pricing coverage this way is you are unable to specify which insurance companies to get pricing from. If you wish to select from a list of companies to receive pricing from, we have assembled a list of companies who write auto insurance in Colorado. View list of Colorado insurance companies.
Whichever way you use, double check that you are using apples-to-apples information with each company. If you enter differing limits it’s not possible to find the best deal in Lakewood. Just a small difference in coverage limits can result in a big premium difference. Keep in mind that obtaining a wide range of quotes helps you find lower pricing.
Auto insurance companies such as State Farm, Allstate and GEICO regularly use ads on television and other media. They all seem to have a common claim that you can save if you move your policy. How do they all claim to save you money? It’s all in the numbers.
Different companies can use profiling for the driver that is profitable for them. For instance, a driver they prefer could be between 25 and 40, has no prior claims, and drives less than 7,500 miles a year. A driver who fits that profile will get the preferred rates and therefore will save quite a bit of money when switching.
Potential insureds who do not match this ideal profile will have to pay more money and ends up with the customer not buying. The ads say “drivers who switch” but not “drivers who get quotes” save money. That’s why companies can make the claims of big savings. Because of the profiling, you need to get as many quotes as possible. It is impossible to predict which company will provide you with the cheapest rates.
Car insurance companies don’t always list every available discount in an easy-to-find place, so we break down some of the best known and the more hidden discounts you could be receiving.
A little note about advertised discounts, most discounts do not apply to the entire cost. A few only apply to specific coverage prices like comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck.
When it comes to choosing the right insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Every situation is different so your insurance should reflect that For example, these questions might help in determining whether you could use an agent’s help.
If you can’t answer these questions but you know they apply to you, you may need to chat with a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
More detailed Colorado auto insurance information is available at the Colorado DORA Division of Insurance website. Colorado drivers can find a variety of consumer forms, view a list of available companies, file complaints about an insurance agent or broker, and learn about insurance regulations.
Lower-priced auto insurance can be bought from both online companies in addition to many Lakewood insurance agents, so you should compare both in order to have the best chance of saving money. Some insurance companies do not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.
As you go through the steps to switch your coverage, make sure you don’t reduce needed coverages to save money. There have been many situations where drivers have reduced liability coverage limits only to discover later that it was a big mistake. Your focus should be to buy enough coverage at an affordable rate, not the least amount of coverage.