Professional Tips to Paying Less for Northglenn Car Insurance

Have you fallen victim to an underperforming, overpriced car insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.

Multiple insurance companies compete for your business, and because of this it can be hard to compare insurance companies and uncover the absolute cheapest price

Do you qualify for a discount?

Auto insurance companies don’t always publicize all their discounts very well, so here is a list both the well known and the more hidden car insurance savings.

• Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you will save approximately 10% to 15%.
• Good Students Pay Less – Getting good grades can earn a discount of 20% or more. This discount can apply up to age 25.
• Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts of 20% or more.
• Memberships – Being a member of a qualifying organization could trigger savings on your policy.
• Discount for Life Insurance – Larger companies have lower rates if you buy auto and life insurance together.
• Paperwork-free – Some insurance companies may give you up to $50 just for signing your application online.
• Multiple Cars – Buying coverage for all your vehicles on one policy can get a discount on all vehicles.

It’s important to note that some credits don’t apply the the whole policy. A few only apply to individual premiums such as liability and collision coverage. So even though it sounds like it’s possible to get free car insurance, you won’t be that lucky.

To see a list of insurers who offer car insurance discounts in Colorado, click here.

Educated Consumers Know How to Buy Car Insurance Cheaper

It’s important that you understand some of the elements that go into determining the rates you pay for car insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that can help you get big savings.

Listed below are some of the items companies use to determine your rates.

• Choose a safe vehicle and save – Vehicles with high crash test scores can get you lower premiums. Safer cars result in less severe injuries and lower injury rates translates into savings for insurance companies and thus lower rates.
• Younger drivers pay higher rates – Mature drivers are viewed as being more responsible, tend to file fewer claims and tend to be better behind the wheel. Teenage drivers are statistically proven to be more careless in a vehicle and because of this, their car insurance rates are much higher.
• How’s your driving record? – A bad driving record has a big impact on rates. Careful drivers get better rates compared to drivers with tickets. Only having one moving violation can boost insurance rates forty percent or more. If you have flagrant violations such as reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 form with their state motor vehicle department in order to keep their license.
• Save money with special equipment – Driving a car with an alarm system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
• More miles equals more premium – The higher the mileage driven in a year the more you’ll pay to insure your vehicle. Almost all companies rate vehicles based upon how you use the vehicle. Autos used primarily for pleasure use can get a lower rate than those used for commuting. Double check that your car insurance declarations sheet shows the correct usage for each vehicle, because it can save money.
• Allowing your policy to lapse raises rates – Driving with no insurance is illegal and your next policy will cost more because you let your insurance lapse. Not only will you pay more, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.
• What are your deductibles? – Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. A few examples of covered claims are running into the backend of another car, vandalism, or theft. The deductibles are the amount of money you are willing to pay in the event of a claim. The higher the amount you have to pay, the less your company will charge you for insurance.
• Performance influences rates – The performance of the vehicle you own makes a big difference in how high your rates are. Lower performance four cylinder passenger vehicles generally receive the lowest base rates, but there are many factors that impact the final cost.

What coverages do I need?

When buying adequate coverage, there isn’t really a best way to insure your cars. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that could help you determine if you might need professional guidance.

• Can I drive in Mexico and have coverage?
• Is my custom paint covered by insurance?
• Will I lose any money if I cancel my policy before it expires?
• Do I need medical payments coverage since I have good health insurance?
• When should I not file a claim?
• Will my rates increase for filing one claim?
• Is there coverage for injuries to my pets?
• Do I benefit by insuring my home with the same company?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.

Ads can be misleading

Progressive, GEICO, Allstate and State Farm constantly bombard you with ads on television and other media. All the companies make an identical promise that you’ll save big if you switch your coverage to them. How do they all say the same thing? This is how they do it.

Insurance companies are able to cherry pick for the type of customer that is profitable for them. For instance, a driver they prefer might be over the age of 40, is a homeowner, and has great credit. A customer who matches those parameters will get very good rates and most likely will save quite a bit of money when switching.

Consumers who are not a match for the requirements will be charged higher rates which usually ends up with the customer not buying. The ads say “customers who switch” not “everyone that quotes” save money. That is how companies can state the savings. That is why you absolutely need to get as many comparisons as possible. You cannot predict which company will have the lowest rates.

More tips and info about car insurance can be read at the Colorado DORA Division of Insurance website. Visitors are able to read enforcement actions against agents and companies, download brochures, find out industry alerts, and file complaints about an insurance agent or broker.

What is YOUR best insurance company?

As you shop your coverage around, don’t be tempted to buy poor coverage just to save money. There have been many situations where an accident victim reduced liability coverage limits to discover at claim time they didn’t purchase enough coverage. Your strategy should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.

Affordable car insurance can be found both online and with local Northglenn insurance agents, and you need to comparison shop both to have the best selection. A few companies do not offer you the ability to get quotes online and usually these small, regional companies provide coverage only through local independent agents.

In this article, we presented many ideas to get a better price on car insurance. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the lowest priced car insurance comes from a smaller regional carrier. These companies can often provide lower rates in certain areas than their larger competitors like Progressive and GEICO.