Discount Scion xD insuranceNobody that owns a car anticipates paying for insurance, particularly when they could lower their rates if they shopped around.

Astonishing but true, most insurance customers have been with the same company for at least four years, and practically 40% of insurance customers have never compared rates from other carriers. With the average insurance premium being $1,810, Colorado drivers could save roughly $605 every year just by comparing rates, but they don't know how much they could save if they swap their current policy for a cheaper one. You have so many insurers to buy insurance from, and even though it's nice to have a choice, it makes it harder to compare rates and cut insurance costs.

It's a good habit to price shop coverage every six months because prices are rarely the same from one policy term to another. Even if you think you had the best rates on Scion xD insurance in Denver on your last policy other companies may now be cheaper. Forget anything you know (or think you know) about insurance because you're going to learn the quickest way to properly buy coverages and cut your premium.

Obtaining price quotes for more affordable insurance coverage in Denver is not as difficult as people think. If you already have coverage or just want to save money, follow these tips to cut your premiums without reducing protection. Smart buyers just have to use the quickest method to compare different rates from many companies at once.

The following companies can provide price quotes in Colorado. If multiple companies are listed, we suggest you visit as many as you can to find the most competitive auto insurance rates.

Scion xD Insurance Rate Estimates in Denver, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XD 4-Dr Hatchback $252 $616 $456 $28 $136 $1,488 $124
Get Your Own Custom Quote Go

Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Rate quotes do not factor in vehicle garaging location which can raise or lower premiums considerably.

Should you buy full coverage?

The chart below examines Scion xD insurance premiums with liability coverage only compared to full coverage. The premiums assume no accidents or driving violations, $100 deductibles, single female driver, and no additional discounts are factored in.

When to stop buying full coverage

There is no set rule of when to phase out comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.

For example, let's say your Scion xD replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying your policy deductible. If premiums are more than $300 a year to have full coverage, then you might want to think about dropping full coverage.

There are a few cases where eliminating full coverage is not advised. If you still have a lienholder on your title, you are required to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Should you raise deductibles?

One common question asked by Denver drivers is at what level do you set your deductibles. The following tables may help to conceptualize the differences in premium rates between low and high physical damage coverage deductibles. The first rate estimation uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.

Scion xD insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XD 4-Dr Hatchback $236 $458 $352 $20 $106 $1,197 $100
Get Your Own Custom Quote Go
Scion xD insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XD 4-Dr Hatchback $146 $288 $352 $20 $106 $912 $76
Get Your Own Custom Quote Go

Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Rates do not factor in your specific Denver location which can impact rates substantially.

Based on the above data, using a $250 deductible will cost you roughly $24 more each month or $288 for a full year than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you usually have more than 31 months between claims, you would save money by going with a higher deductible. Here is how you can decide this on your own policy.

Average monthly premium for $250 deductibles: $100
Average monthly premium for $1,000 deductibles (subtract): - $76
Monthly savings from raising deductible: $24
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $24
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 31 months

An important sidenote is that raising deductibles means you will have to pay more out-of-pocket when you file a claim. That will force you to have enough money put aside in the event you need to pay the deductible to have repairs made.

Premiums by gender and age

The diagram below illustrates the difference between Scion xD yearly insurance costs for male and female drivers. The data is based on no accidents, no driving violations, comp and collision included, $250 deductibles, single marital status, and no additional discounts are factored in.

Insurance protects more than just your car

Even though it can be expensive, paying for insurance may be mandatory for several reasons.

First, most states have compulsory liability insurance requirements which means the state requires specific minimum amounts of liability coverage in order to drive the car legally. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.

Second, if you bought your vehicle with a loan, it's guaranteed your bank will force you to have full coverage to guarantee their interest in the vehicle. If you default on your policy, the bank or lender will purchase a policy for your Scion for a lot more money and require you to pay the higher premium.

Third, insurance protects both your Scion xD and your assets. It will also provide coverage for most medical and hospital costs for not only you but also any passengers injured in an accident. Liability coverage also pays for attorney fees and expenses in the event you are sued. If you have damage to your Scion as the result of the weather or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance more than offset the price you pay, especially when you need to use it. In a recent study of 1,000 drivers, the average customer overpays more than $869 every year so compare rates at every renewal to ensure rates are competitive.

You may qualify for discounts for Scion xD insurance in Denver

Companies don't always list all their discounts in a way that's easy to find, so the list below contains both the well known as well as some of the hidden credits available to you.Cheaper insurance with discounts

As a footnote on discounts, most of the big mark downs will not be given to the entire policy premium. Some only reduce specific coverage prices like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, it's just not the way it works. Any qualifying discounts will cut your overall bill.

A list of insurance companies and some of the discounts are:

If you are trying to find affordable Denver auto insurance quotes, ask each company what discounts are available to you. All car insurance discounts may not apply in your area. To see insurance companies that offer discounts in Colorado, click here.

Local Denver insurance agencies

Some people prefer to get advice from a local agent and that is a smart decision Professional insurance agents can answer important questions and help submit paperwork. The biggest benefit of price shopping on the web is that you can obtain cheap rate quotes and still have a local agent. And providing support for local insurance agents is still important in Denver.

Insurance agents in DenverTo find an agent, once you fill out this simple form, the quote information gets sent to local insurance agents who will give you quotes for your business. There is no need to visit any agencies due to the fact that quote results will go directly to you. In the event you want to get a comparison quote for a specific company, you would need to go to their quote page and complete a quote there.

Do you need an independent or exclusive auto insurance agent?

If you want to use a reputable agency, you should know the types of agencies that differ in how they can insure your vehicles. Agents in Denver may be either independent agents or exclusive agents depending on their employer. Both can write policy coverage, but it is important to understand why they differ because it can factor into your agent selection.

Independent Agents

Independent agents can quote rates with many companies so they can write business with an assortment of companies and find the cheapest car insurance rates. If you want to switch companies, they simply move your policy to a different company and you stay with the same agent.

When comparing car insurance rates, it's a good idea to contact at least one independent agent to ensure the widest selection of prices.

Shown below is a short list of independent agencies in Denver that can give you free car insurance rate quotes.

7900 E Union Ave #200 - Denver, CO 80237 - (303) 752-5806 - View Map

645 E Evans Ave - Denver, CO 80210 - (303) 744-1341 - View Map

2696 CO-2 - Denver, CO 80222 - (303) 377-1172 - View Map

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Exclusive Insurance Agents

Exclusive agencies can only provide pricing for a single company such as Allstate, State Farm and Farmers Insurance. They generally cannot provide other company's prices so if the price isn't competitive there isn't much they can do. Exclusive agents are well trained on their company's products and that enables them to sell even at higher rates.

The following are Denver exclusive agencies that can give you price quotes.

1100 S Shoshone St - Denver, CO 80223 - (303) 922-1001 - View Map

3600 Morrison Rd - Denver, CO 80219 - (303) 935-7475 - View Map

1900 Wazee St #1538 - Denver, CO 80202 - (303) 595-5500 - View Map

View more agents

Choosing an auto insurance agent should depend on more than just the bottom line cost. Here are some questions you should ask.

Specific coverage details

Knowing the specifics of your car insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by car insurance companies.

Protection from uninsured/underinsured drivers

This coverage provides protection when the "other guys" are uninsured or don't have enough coverage. This coverage pays for injuries to you and your family and damage to your Scion xD.

Because many people only purchase the least amount of liability that is required (25/50/15 in Colorado), it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage is very important. Most of the time these coverages are set the same as your liability limits.

Comprehensive (Other than Collision)

Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like a tree branch falling on your vehicle, rock chips in glass, fire damage and theft. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.

Coverage for liability

This coverage provides protection from damage or injury you incur to other people or property by causing an accident. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/15 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and $15,000 of coverage for damaged property. Some companies may use a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers claims such as funeral expenses, attorney fees and repair bills for other people's vehicles. The amount of liability coverage you purchase is up to you, but consider buying as large an amount as possible. Colorado state law requires minimum liability limits of 25/50/15 but you should think about purchasing higher limits.

Collision protection

Collision insurance will pay to fix damage to your xD caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for things such as colliding with a tree, sustaining damage from a pot hole, crashing into a building, hitting a mailbox and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also choose a higher deductible on your xD to save money on collision insurance.

Medical expense insurance

Med pay and PIP coverage kick in for short-term medical expenses like EMT expenses, funeral costs, nursing services and hospital visits. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Quote often and quote early

Low-cost Scion xD insurance in Denver is possible both online and from local insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies may not provide rate quotes online and most of the time these small insurance companies prefer to sell through independent agencies.

We just showed you many ideas to shop for Scion xD insurance online. It's most important to understand that the more providers you compare, the better chance you'll have of finding cheaper Denver auto insurance quotes. Consumers could even find that the lowest rates come from some of the smallest insurance companies. They may only write in your state and offer lower car insurance rates than the large multi-state companies such as State Farm, GEICO and Nationwide.

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