Do you want to save money by finding low-cost car insurance rates in Parker, CO? Are you a victim of an expensive car insurance policy? Trust us when we tell you there are many people just like you.

Statistics show that the majority of drivers kept their coverage with the same car insurance company for well over three years, and just short of a majority have never even shopped around for affordable coverage. Most drivers in Parker could save themselves almost 35% a year by just shopping around, but they just don't understand how easy it is to compare rate quotes online.

Numerous car insurance companies battle to insure your vehicles, so it can be very hard to choose a insurer to get the best rate on car insurance.

Smart consumers take time to quote other rates before your next renewal because car insurance rates change quite often. Even if you think you had the best premium rates on car insurance on your last policy there is a good chance you can find better prices now. Block out anything you think you know about car insurance because you're going to learn one of the quickest ways to remove unneeded coverages and save money.

Companies offering cheap price quotes in Colorado

The companies shown below are ready to provide price comparisons in Colorado. If multiple providers are shown, we suggest you visit several of them to get a more complete price comparison.

Insurance Rates for Popular Vehicles in Parker
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Equinox LTZ 2WD $1,454 $727 $121
Chevrolet Silverado LT Regular Cab $1,048 $524 $87
Dodge Grand Caravan CV $988 $494 $82
Dodge Ram Quad Cab TRX4 Off Road 4WD $1,242 $621 $104
Ford Edge Sport 2WD $1,288 $644 $107
Ford Escape XLT 4WD $914 $457 $76
Ford F-150 XL Super Cab 2WD $996 $498 $83
Ford Focus S 4-Dr Sedan $1,036 $518 $86
Honda Accord LX-P 4-Dr Sedan $818 $409 $68
Honda CR-V LX 4WD $768 $384 $64
Honda Civic GX 4-Dr Sedan $920 $460 $77
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,126 $563 $94
Nissan Altima 2.5 S 2-Dr Coupe $1,228 $614 $102
Toyota Camry LE $1,106 $553 $92
Toyota Corolla XRS $894 $447 $75
Volkswagen Jetta LE 4-Dr Sedan $944 $472 $79
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in your specific Parker location which can modify price quotes noticeably.

Physical damage deductibles: Should you raise them?

One common question asked by Parker drivers is where should you set your physical damage deductibles. The figures shown below outline the rate differences between high and low deductibles. The first table uses a $100 deductible for physical damage and the second price table uses a $1,000 deductible.

Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.

Nissan Altima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $302 $546 $352 $20 $106 $1,351 $113
Altima 2.5 S 4-Dr Sedan $302 $644 $352 $20 $106 $1,449 $121
Altima Hybrid 4-Dr Sedan $342 $644 $352 $20 $106 $1,489 $124
Altima 2.5 S 2-Dr Coupe $342 $644 $396 $24 $118 $1,549 $129
Altima 3.5 SR 4-Dr Sedan $342 $644 $352 $20 $106 $1,489 $124
Altima 3.5 SR 2-Dr Coupe $342 $740 $396 $24 $118 $1,645 $137
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Nissan Altima insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Altima 2.5 4-Dr Sedan $168 $288 $352 $20 $106 $934 $78
Altima 2.5 S 4-Dr Sedan $168 $340 $352 $20 $106 $986 $82
Altima Hybrid 4-Dr Sedan $190 $340 $352 $20 $106 $1,008 $84
Altima 2.5 S 2-Dr Coupe $190 $340 $396 $24 $118 $1,068 $89
Altima 3.5 SR 4-Dr Sedan $190 $340 $352 $20 $106 $1,008 $84
Altima 3.5 SR 2-Dr Coupe $190 $390 $396 $24 $118 $1,118 $93
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Prices based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Information does not factor in specific Parker garaging location which can alter coverage prices significantly.

Using the premium rates above, we can conclude that using a $100 deductible costs roughly $40 more each month or $480 annually than requesting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to average at least 23 months between claim filings, you would save money by selecting a higher deductible. The numbers below show how you can make your own decision.

Average monthly premium for $100 deductibles: $125
Average monthly premium for $1,000 deductibles (subtract): - $85
Monthly savings from raising deductible: $40
Difference between deductibles ($1,000 - $100): $900
Divide difference by monthly savings: $900 / $40
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 23 months

One thing to note is that raising deductibles to save money means you will have to cover more of the damage yourself when you have to file a claim. You need to have some extra savings in the event you have to pay the higher deductible.

How insurance providers determine car insurance rates

Part of the car insurance buying process is learning some of the elements that are used to determine your premiums. If you know what controls the rates you pay, this enables informed choices that will entitle you to lower rates. Many different elements are taken into consideration when you quote your car insurance policy. Some are obvious like your driving record, but others are less apparent such as whether you are married or how safe your car is.

Drive less and save - The more you drive every year the more it will cost to insure it. Most companies price each vehicle's coverage determined by how the vehicle is used. Vehicles that have low annual miles receive lower rates than cars that get driven a lot. Verify your policy shows the proper vehicle usage.

How much liability coverage - A critical coverage on your policy, liability insurance provides coverage when you are responsible for damages caused by your negligence. This coverage provides for a legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so drivers should make sure they buy enough to cover all assets.

Frequent policy claims will increase rates - If you frequently file small claims, you shouldn't be surprised to get either higher rates or even cancellation. Companies in Colorado provide better rates to insureds who do not rely on their insurance for small claims. Insurance coverage is meant to be used in the event of the large, substantial claims.

Older drivers are lower risk - Inexperience drivers have a tendency to be inattentive when at the wheel of a vehicle so car insurance rates are higher. Having to add a beginning driver to your policy can cause a big jump in price. Mature drivers are proven to be safer behind the wheel, file fewer claims, and tend to be get fewer driving tickets.

Gaps in coverage mean higher prices - Driving any period of time without insurance is against the law and companies may charge more for letting your insurance lapse for non-payment. Not only will you pay higher rates, being ticketed for driving with no insurance may earn you a revoked license or a big fine.

Only buy extra coverages you need - Insurance policies have a lot of extra coverages that you can get tricked into buying when buying car insurance. Things like roadside assistance, towing, and term life insurance are some examples. These may sound like a good investment when buying your policy, but if you've never needed them in the past think about removing them and cutting costs.

Pay more if you have a long commute - Choosing to live in a small town is a good thing when talking about car insurance. Fewer drivers corresponds to lower accident rates in addition to lower liability claims People who live in big cities tend to have more road rage incidents and longer commute times. The longer drive time statistically corresponds to a higher accident and claim rate.

Don't neglect these discounts on auto insurance

Some providers don't always advertise every possible discount in a way that's easy to find, so the list below details both the well known and the harder-to-find discounts that you can inquire about if you buy Parker car insurance online. If you're not getting every credit possible, it's possible you qualify for a lower rate.Discount auto insurance

As a disclaimer on discounts, most of the big mark downs will not be given the the whole policy. Some only apply to individual premiums such as medical payments or collision. Even though it appears having all the discounts means you get insurance for free, you're out of luck. Any qualifying discounts will definitely reduce your overall bill.

Car insurance companies that may offer these benefits include:

When comparing rates, check with all the companies to apply every possible discount. Discounts may not apply to policies in your state. If you would like to view companies that offer some of these discounts in Colorado, click here.

Auto insurance overall losses by make and model

What vehicles have the fewest claims? The following tables show the best and worst vehicle makes and models for the overall chance of having claims.

Vehicle Models with the Lowest and Highest Medical Payment Coverage Claims
Lowest Overall Losses Highest Overall Losses
Ford F-250 SuperCrew Kia Forte
Tesla Model S Chrysler 200
Ford F-350 SuperCrew Mitsubishi Lancer
Ford Expedition Chevrolet Sonic
Audi A4 Allroad Hyundai Accent
Land Rover Range Rover Sport Nissan Versa

Statistics from IIHS.org for 2013-2015 Model Years

Liability Coverage Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Subaru Forester Chevrolet Impala
Acura MDX Chevrolet Sonic
Mercedes-Benz SL Class Hyndai Accent
Chevrolet Corvette Mitsubishi Mirage
Volvo XC60 Kia Optima
Fiat 500 Mitsubishi Lancer

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive Insurance Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Chevy Spark Bentley Continental GT
GMC Sierra 2500 Bentley Continental GTC
Ford F-350 BMW M6
Chevy Silverado 2500 Porsche Panamera GTS
Nissan Leaf Mercedes-Benz S Class
Volvo V60 Audi S7

Statistics from IIHS.org for 2013-2015 Model Years

Vehicles with the Lowest and Highest Collision Claims
Lowest Overall Losses Highest Overall Losses
Ford F-150 SuperCrew Audi RS7
Smart ForTwo Bentley Continental Flying Spur
Jeep Wrangler Maserati Granturismo
Mini Cooper Ferrari 458
Ford Edge BMW M6
Chevrolet Colorado Nissan GT-R

Statistics from IIHS.org for 2013-2015 Model Years

Cheap insurance is out there

As you go through the steps to switch your coverage, it's very important that you do not sacrifice coverage to reduce premiums. There have been many cases where drivers have reduced uninsured motorist or liability limits to discover at claim time they didn't purchase enough coverage. Your aim should be to find the BEST coverage for the lowest cost, but do not skimp to save money.

There are still a few companies who may not offer online quoting and many times these small insurance companies work with independent agencies. Budget-conscious insurance can be sourced from both online companies and from local insurance agents, so you need to compare both so you have a total pricing picture.

Additional information is available on the following sites: