8 Best Ways to Cut Auto Insurance Costs in Northglenn, CO

Have you fallen victim to an underperforming, overpriced auto insurance policy? Trust us, many Northglenn consumers feel financially strained by their auto insurance policy.

Drivers have so many insurance companies to pick from, and though it is a good thing to have a selection, too many choices makes it more difficult to locate the cheapest rates.

You should take the time to price shop coverage once or twice a year because insurance rates change frequently. Even if you got the best deal a couple years back you may be paying too much now. So forget anything you know (or think you know) about auto insurance because it’s time to teach you one of the best ways to save money, get proper coverage and the best rates.

How much can you save with these eight discounts?

The cost of insuring your cars can be expensive, but companies offer discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you get a quote, but a few need to be specially asked for before you will receive the discount.

  • Early Switch Discount – Select companies give a discount for signing up prior to your current policy expiration. It’s a savings of about 10%.
  • Pay Now and Pay Less – If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
  • Passive Restraint Discount – Vehicles equipped with air bags can get savings of more than 20%.
  • Driver Safety – Completing a driver safety course could save 5% or more if your company offers it.
  • Drive Less and Save – Driving fewer miles can qualify you for lower rates on the low mileage vehicles.
  • Homeowners Savings – Owning a house in Northglenn may earn you a small savings because of the fact that having a home is proof that your finances are in order.
  • Student Driver Training – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.
  • Paperwork-free – A handful of insurance companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.

Consumers should know that most discount credits are not given to all coverage premiums. Some only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. But all discounts will reduce the amount you have to pay.

To see a list of companies with the best auto insurance discounts in Northglenn, click here.

How to Compare Northglenn Auto Insurance Costs

Effectively comparing auto insurance prices can be challenging if you aren’t aware of the easiest way. You could waste time driving to insurance agencies in Northglenn, or you could use the internet to quickly compare rates.

Many companies participate in a marketplace that allows shoppers to submit their information once, and each company then gives them pricing. This eliminates the need for quotation requests for every auto insurance company.

To enter your information into the quoting system, click to open in new window.

One minor caviat to doing it this way is that you can’t choose which providers you want pricing from. If you prefer to choose individual companies to compare rates, we have a listing of companies who write auto insurance in Colorado. Click to view list.

Whichever way you use, ensure you are comparing exactly the same deductibles and coverage limits for every quote you compare. If you enter different limits and deductibles on each one it will be very difficult to determine the lowest rate in Northglenn. Just a small difference in limits may result in a large different in cost. Just keep in mind that quoting more provides better odds of finding the best rates.

What auto insurance coverages do you need?

Learning about specific coverages of your policy can help you determine the right coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average auto insurance policy.

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your vehicle.

Due to the fact that many Colorado drivers only carry the minimum required liability limits (Colorado limits are 25/50/15), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally the UM/UIM limits are similar to your liability insurance amounts.

Collision coverage

Collision insurance pays for damage to your vehicle resulting from a collision with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like colliding with another moving vehicle, backing into a parked car and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like damage from getting keyed, theft, damage from a tornado or hurricane, hitting a bird and hail damage. The maximum payout your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Northglenn insurance ad

Liability car insurance

This protects you from damages or injuries you inflict on other people or property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability insurance covers things such as repair bills for other people’s vehicles, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford. Colorado state minimum liability requirements are 25,000/50,000/15,000 but drivers should carry higher limits.

Medical payments coverage and PIP

Med pay and PIP coverage kick in for expenses like hospital visits, chiropractic care, pain medications, surgery and nursing services. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible

Best coverage at the best price

When you buy insurance online, you should never sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability coverage limits and discovered at claim time that the savings was not a smart move. Your goal should be to find the BEST coverage at the best price while not skimping on critical coverages.

Cheaper auto insurance can be sourced online in addition to many Northglenn insurance agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who do not provide online price quotes and these regional insurance providers work with independent agents.