Want to learn how to find cheaper car insurance rates in Grand Junction, CO? Are you burned out from robbing Peter to pay Paul to buy car insurance? Your situation is no different than many other Colorado drivers.

A study showed that a large majority of drivers kept their coverage with the same car insurance company for four years or more, and 38% of customers have never even compared rates from other companies. Many consumers in Colorado can save hundreds of dollars each year just by comparing rates, but most just don't grasp the big savings they would realize if they moved their coverage to a different company. People have so many car insurance companies to purchase coverage from, and although it's nice to have a choice, it makes it harder to get the best deal.

You need to quote other rates as often as possible since prices change frequently. Despite the fact that you may have had the best quotes on car insurance a couple years back you can probably find a lower rate today. You'll find quite a bit of inaccurate information about car insurance on the web, but in this article, you're going to get some of the best ways to save money.

We hope to familiarize you with how car insurance companies work and how to save the most money. If you have car insurance now, you stand a good chance to be able to get lower rates using these tips. Consumers just need to learn the best way to shop on the web.

Car insurance companies offering low-cost rates in Colorado

The companies shown below can provide quotes in Colorado. If the list has multiple companies, we recommend you click on several of them to get the best price comparison.

Insurance Rates for Popular Vehicles in Grand Junction
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LS Extended Cab 4WD $978 $489 $82
Dodge Ram Crew Cab Sport 4WD $1,430 $715 $119
Ford Escape XLS 4WD $936 $468 $78
Ford F-150 STX Regular Cab 2WD $944 $472 $79
Ford Focus S 4-Dr Sedan $1,160 $580 $97
GMC Sierra SL Crew Cab 4WD $1,266 $633 $106
Honda Accord LX-S 2-Dr Coupe $1,040 $520 $87
Honda CR-V LX 2WD $902 $451 $75
Honda Civic SI 2-Dr Coupe $1,472 $736 $123
Hyundai Elantra SE Touring Station Wagon $852 $426 $71
Kia Optima SX $1,204 $602 $100
Mazda 3 I Sport 4-Dr Sedan $1,396 $698 $116
Nissan Altima 3.5 SR 2-Dr Coupe $1,338 $669 $112
Toyota Camry SE $1,154 $577 $96
Toyota Corolla LE $1,134 $567 $95
Toyota Prius $1,036 $518 $86
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,374 $687 $115
Volkswagen Jetta SE 4-Dr Sedan $1,140 $570 $95
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Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, safe-driver, and homeowner. Price information does not factor in specific zip code location which can change coverage rates greatly.

Safe drivers pay less for car insurance

The example below shows how traffic citations and fender-benders can increase Honda Accord yearly insurance costs for each different age group. The information is based on a single male driver, full coverage, $500 deductibles, and no policy discounts are applied.

Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.

Physical damage deductibles

The hardest decision when buying coverage is how high or low should comp and collision deductibles be. The tables below may help to conceptualize the price difference when you select higher and lower comp and collision deductibles. The first set of prices uses a $100 physical damage deductible and the second price table uses a $500 deductible.

Kia Optima rates are for example purposes only. To get rates for your specific vehicle, click here.

Kia Optima insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $302 $546 $396 $24 $118 $1,411 $118
Optima EX $342 $644 $396 $24 $118 $1,549 $129
Optima SX $342 $644 $396 $24 $118 $1,549 $129
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Kia Optima insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $220 $368 $396 $24 $118 $1,126 $94
Optima EX $250 $434 $396 $24 $118 $1,222 $102
Optima SX $250 $434 $396 $24 $118 $1,222 $102
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Price estimates do not factor in specific garaging location which can impact insurance rates substantially.

Based on the above data, using a $100 deductible could cost the average driver approximately $26 more each month or $312 annually than buying the higher $500 deductible. Because you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 15 months between claim filings, you would probably save some money going with the higher deductible. Here's a better example of how you can make this decision for your own policy.

Average monthly premium for $100 deductibles: $125
Average monthly premium for $500 deductibles (subtract): - $99
Monthly savings from raising deductible: $26
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $26
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 15 months

One important note is that a higher deductible results in more money out-of-pocket at claim time. You need to make sure you have access to more funds in the event you need to pay the higher deductible.

Full coverage versus liability only rates

The information below shows the difference between Honda Civic insurance costs when comparing full coverage to state minimum liability only. The price estimates are based on no violations or claims, $100 deductibles, single female driver, and no policy discounts are applied.

Honda Civic rates are for example purposes only. To get rates for your specific vehicle, click here.

Guidelines for dropping full coverage

There is no specific rule for excluding physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your Honda Civic replacement cost is $3,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $2,000 after the deductible is paid. If you are paying in excess of $200 a year for physical damage coverage, then it's probably a good time to buy liability coverage only.

There are some conditions where only buying liability is not in your best interest. If you haven't satisfied your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can't afford to buy a different vehicle in the even your car is totaled, you should maintain full coverage.

Discounts mean cheaper rates

Some companies don't necessarily list every available discount in an easy-to-find place, so we break down both well-publicized and also the lesser-known discounts that you can inquire about if you buy Grand Junction auto insurance online.Insurance discounts

As a sidenote, some of the credits will not apply to your bottom line cost. Most only apply to specific coverage prices like medical payments or collision. So when the math indicates all those discounts means the company will pay you, companies wouldn't make money that way.

A partial list of companies that may offer quotes with most of the discounts above may include but are not limited to:

Before you buy a policy, ask every company how you can save money. A few discounts may not be available in your area. To locate insurers offering insurance discounts in Colorado, click here to view.

It's not one size fits all

When it comes to buying the best auto insurance coverage for your vehicles, there really is no one-size-fits-all type of policy. Your needs are not the same as everyone else's.Auto insurance savings

Here are some questions about coverages that could help you determine if your insurance needs might need professional guidance.

If you can't answer these questions, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

You can lower your auto insurance rates

Budget-conscious auto insurance is definitely available from both online companies and from local insurance agents, so you should compare both to have the best rate selection. Some auto insurance companies may not offer online rate quotes and most of the time these smaller companies provide coverage only through independent agencies.

Consumers switch companies for a number of reasons such as high rates after DUI convictions, denial of a claim, not issuing a premium refund and even lack of trust in their agent. Regardless of your reason, switching auto insurance companies is less work than it seems.

Throughout this article, we presented a lot of ways to get a better price on auto insurance in Grand Junction. The most important thing to understand is the more times you quote, the better likelihood of getting low cost Grand Junction auto insurance quotes. You may even discover the lowest car insurance rates come from an unexpected company.

Even more information can be found at these sites: