Have you finally had enough of scraping the payment together to pay your car insurance bill each month? You have the same problem as the majority of other consumers in Colorado.
A recent NerdWallet.com study revealed that a large majority of drivers in Colorado renewed their policy with the same company for well over three years, and 38% of customers have never compared rates from other carriers. U.S. insurance shoppers can cut their rates by up to 47% a year by just comparing quotes, but they underestimate the benefits if they switched to a more affordable policy. You have so many car insurance companies to purchase coverage from, and even though it's nice to have a choice, it can be more difficult to find the best rates for Toyota FJ Cruiser insurance in Colorado Springs.
Cheapest car insurance in Colorado Springs, CO
The companies shown below have been selected to offer price quotes in Colorado. If more than one company is shown, it's a good idea that you visit as many as you can to get a more complete price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|FJ Cruiser 2WD||$306||$376||$352||$20||$106||$1,160||$97|
|FJ Cruiser 4WD||$266||$342||$456||$28||$136||$1,228||$102|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Price estimates do not factor in Colorado Springs location which can change premium rates greatly.
Toyota FJ Cruiser liability-only versus full coverage
The information below visualizes the comparison of Toyota FJ Cruiser insurance costs with full phyical damage coverage and with liability coverage only. The costs are based on no driving violations, no at-fault accidents, $1,000 deductibles, single female driver, and no discounts are factored in.
When to switch to liability coverage only
There is no set guideline to stop paying for full coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the vehicle's replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let's assume your Toyota FJ Cruiser settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $4,000 after the deductible is paid. If you are paying in excess of $400 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are some conditions where buying only liability insurance is not a good plan. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not remove full coverage.
How accidents and violations affect rates
The chart below demonstrates how citations and at-fault accidents can affect Toyota FJ Cruiser insurance premiums for different categories of driver ages. The premiums assume a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are factored in.
Discounts mean cheaper rates for Toyota FJ Cruiser insurance in Colorado Springs
Car insurance is not cheap, but you can get discounts that may help make it more affordable. Certain discounts will be applied when you get a quote, but some discounts are required to be specifically requested before you get the savings.
- Driver Training Discounts - Taking part in a safe driver course could save 5% or more depending on where you live.
- Use Seat Belts - Drivers who require all vehicle occupants to fasten their seat belts can save a little off the PIP or medical payment premium.
- Telematics Data - Drivers who elect to allow driving data collection to spy on driving manner by installing a telematics device such as Allstate's Drivewise and State Farm's In-Drive system may see discounts if they exhibit good driving behavior.
- Membership in Organizations - Participating in a qualifying organization is a simple method to lower premiums on your next renewal.
- College Student - Kids who attend college more than 100 miles from Colorado Springs and do not have a car can receive lower rates.
It's important to understand that most discounts do not apply the the whole policy. Most only reduce individual premiums such as liability and collision coverage. Despite the appearance that adding up those discounts means a free policy, it's just not the way it works.
The best car insurance companies and their offered discounts include:
- Progressive may offer discounts for good student, continuous coverage, homeowner, multi-policy, and online quote discount.
- SAFECO policyholders can earn discounts including accident prevention training, drive less, anti-theft, homeowner, and teen safe driver.
- American Family may include discounts for good driver, multi-vehicle, early bird, TimeAway discount, and Steer into Savings.
- MetLife may have discounts that include claim-free, good student, good driver, defensive driver, accident-free, multi-policy
- GEICO has discounts for membership and employees, multi-vehicle, driver training, emergency military deployment, and good student.
- The Hartford offers premium reductions for good student, bundle, anti-theft, vehicle fuel type, and driver training.
If you want cheaper Colorado Springs auto insurance quotes, ask all companies you are considering which credits you are entitled to. Some of the discounts discussed earlier might not be offered on policies in Colorado Springs. For a list of companies who offer free Toyota FJ Cruiser insurance quotes in Colorado Springs, click here to view.
Are insurance agencies obsolete?
Some consumers just want to talk to an insurance agent and that is not a bad decision Professional insurance agents are trained to spot inefficiencies and help file insurance claims. The best thing about comparing insurance prices online is you may find lower rates but still work with a licensed agent.
Once you complete this quick form, your coverage information is emailed to companies in Colorado Springs that can provide free Colorado Springs auto insurance quotes to get your business. You won't even need to drive around due to the fact that quote results will go to your email. In the event you want to get a comparison quote from a specific auto insurance provider, feel free to go to their quote page and fill out the quote form the provide.
Choosing the best insurer is decision based upon more than just the price. Ask your prospective agent these questions:
- Does the company use OEM repair parts?
- How many years have they been established?
- What are the financial ratings for the companies they represent?
- Does their agency support local causes in Colorado Springs?
- By raising physical damage deductibles, how much would you save?
If you want to use a local Colorado Springs insurance agency, it's important to understand the different agency structures and how they can write your policy. Auto insurance agents in Colorado Springs are categorized either independent (non-exclusive) or exclusive. Either can sell auto insurance policies, but it is a good idea to know why they differ since it can affect which type of agent you select.
These type of agents have only one company to place business with like State Farm, AAA, Farmers Insurance or Allstate. These agents are unable to place coverage with different providers so they have to upsell other benefits. Exclusive agencies receive a lot of sales training on sales techniques which can be an advantage.
Listed below are Colorado Springs exclusive agencies that are able to give rate quotes.
Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map
American Family Insurance - Michael Brandl Agency Inc.
1965 Dominion Way Ste 120 - Colorado Springs, CO 80918 - (719) 630-7557 - View Map
Independent Insurance Agents
Agents that elect to be independent are not limited to a single company so they can write business with any number of different companies and find the cheapest rate. If your agent finds better pricing, they simply move the coverage in-house and you don't have to switch agencies.
If you are comparing rate quotes, it's a good idea to compare prices from several independent insurance agents so that you have a good selection of quotes to compare.
The following is a short list of independent insurance agencies in Colorado Springs that are able to give rate quotes.
Once you have received good feedback to any questions you have and an acceptable price quote, you have narrowed it down to an auto insurance agent that meets your needs to properly insure your vehicles.
Auto insurance specifics
Understanding the coverages of a auto insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages offered by auto insurance companies.
Coverage for collisions
This coverage covers damage to your FJ Cruiser caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims like sideswiping another vehicle, hitting a mailbox, crashing into a ditch, sustaining damage from a pot hole and scraping a guard rail. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to raise the deductible on your FJ Cruiser to save money on collision insurance.
Liability insurance protects you from damage that occurs to other's property or people in an accident. This coverage protects you from legal claims by others, and doesn't cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 25/50/15 which stand for a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $15,000 of coverage for damaged propery.
Liability can pay for things like pain and suffering, medical services and medical expenses. How much liability coverage do you need? That is your choice, but buy as much as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should think about purchasing higher limits.
Medical costs insurance
Coverage for medical payments and/or PIP kick in for immediate expenses such as funeral costs, EMT expenses, doctor visits and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible
Comprehensive or Other Than Collision
This coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as a broken windshield, hitting a bird, hail damage, theft and vandalism. The maximum payout a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle's value it's not worth carrying full coverage.
Uninsured or Underinsured Motorist coverage gives you protection when the "other guys" are uninsured or don't have enough coverage. Covered claims include injuries sustained by your vehicle's occupants as well as your vehicle's damage.
Due to the fact that many Colorado drivers only carry the minimum required liability limits (25/50/15 in Colorado), their limits can quickly be used up. This is the reason having UM/UIM coverage is a good idea.
Affordable insurance rates are available
In this article, we covered a lot of information how to find lower-cost Toyota FJ Cruiser insurance in Colorado Springs. The key thing to remember is the more providers you compare, the higher your chance of finding low cost Colorado Springs auto insurance quotes. You may even be surprised to find that the most savings is with some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas than their larger competitors like Allstate, GEICO and Progressive.
Affordable Toyota FJ Cruiser insurance in Colorado Springs is definitely available on the web and with local Colorado Springs insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some insurance companies may not provide online quoting and these regional insurance providers provide coverage only through local independent agencies.
Even more information is located by following these links:
- Front crash protection reduces rear-end crashes (Insurance Institute for Highway Safety)
- What is the Cheapest Auto Insurance in Castle Rock, Colorado? (FAQ)
- How Much is Colorado Auto Insurance for First-time Drivers? (FAQ)
- How Much is Auto Insurance for a Toyota Corolla in Colorado? (FAQ)
- Safe Vehicles for Teens (iihs.org)
- Self-driving cars won't replace humans (Insurance Institute for Highway Safety)
- All About Airbag Safety (State Farm)
- Shopping for a Safe Car (Insurance Information Institute)