When shopping for more affordable insurance, are you frustrated by the sheer number of auto insurance choices in your area? Colorado people have such a vast assortment of choices available that it is a chore to find the lowest price for Hyundai Accent insurance in Colorado Springs. Colorado Springs is a great city to raise a family in, but the high premiums for auto insurance can make it difficult for lots of drivers to affordably buy enough coverage.
Statistics show that nearly 70% of customers kept their policy with the same company for at least the last four years, and virtually 40% of consumers have never even compared rates from other companies. Many drivers in Colorado could save an average of $600 each year by just comparing quotes, but they mistakenly think it's difficult to save money by comparing rate quotes.
If you have a current insurance policy, you will surely be able to reduce the price you pay using the ideas you're about to read. Quoting and comparing affordable insurance policy in Colorado Springs is simple if you know the tricks. Nevertheless, Colorado consumers must know how insurance companies market on the web and take advantage of how the system works.
To get low cost Colorado Springs auto insurance quotes, there a variety of ways of comparing rates from many available insurance companies in Colorado. The fastest way to do a complete rate comparison involves getting comparison quotes online.
Just remember that comparing more prices gives you a better chance of getting a better price. Not every company provides online price quotes, so it's important to compare price estimates from those companies as well.
The following companies have been selected to offer free rate quotes in Colorado. If multiple providers are shown, we suggest you visit as many as you can in order to find the most affordable rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Accent Blue 2-Dr Hatchback||$224||$462||$404||$24||$120||$1,234||$103|
|Accent GS 2-Dr Hatchback||$264||$546||$298||$18||$90||$1,216||$101|
|Accent GLS 4-Dr Sedan||$132||$312||$408||$24||$122||$998||$83|
|Accent SE 2-Dr Hatchback||$234||$608||$338||$20||$102||$1,302||$109|
|Get Your Own Custom Quote Go|
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price information does not factor in specific Colorado Springs garaging location which can revise coverage rates greatly.
Cost comparison with and without full coverage
The diagram below illustrates the comparison of Hyundai Accent auto insurance rates when comparing full coverage to liability only. The rates are based on no claims, a clean driving record, $1,000 deductibles, married male driver, and no discounts are taken into consideration.
When to buy liability coverage only
There is no definitive formula that is best for determining when to drop full coverage on your policy, but there is a guideline you can use. If the yearly cost of comp and collision coverage is more than 10% of replacement cost minus your deductible, then it's probably a good time to buy liability coverage only.
For example, let's pretend your Hyundai Accent settlement value is $4,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $3,000 after paying the physical damage deductible. If it's costing you more than $300 a year for your policy with full coverage, then it could be time to drop full coverage.
There are some situations where dropping physical damage coverage is not advised. If you haven't paid off your loan, you have to maintain full coverage to protect the lienholder's interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
Colorado Springs insurance discounts for a Hyundai Accent
Auto insurance companies do not advertise the complete list of policy discounts very clearly, so we break down both well-publicized as well as the least known credits that you can use to lower your rates.
- Discount for New Cars - Adding a new car to your policy can be considerably cheaper since newer vehicles have better safety ratings.
- Good Student Discount - Getting good grades may save as much as 25% on a Colorado Springs auto insurance quote. This discount can apply up until you turn 25.
- Drive Less and Save - Driving less could be rewarded with better rates on cars that stay parked.
- Service Members Pay Less - Being deployed with a military unit can result in better premium rates.
- Discounts for Multiple Vehicles - Buying insurance for multiple vehicles with one company can reduce rates for all insured vehicles.
- Driver Safety - Completing a course that instructs on driving safety can save you 5% or more and also improve your driving technique.
Please keep in mind that most of the big mark downs will not be given to the entire cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like all the discounts add up to a free policy, nobody gets a free ride.
If you would like to choose from a list of insurance companies with significant discounts in Colorado, follow this link.
Lower Insurance Rates with These Tips
Many factors are part of the equation when you quote your car insurance policy. A few of the factors are predictable like a motor vehicle report, but other criteria are less apparent like your continuous coverage or how financially stable you are.
The following are some of the factors used by insurance companies to determine your rates.
Companies want multiple policies - Lots of insurance companies provide better rates for people who carry more than one policy in the form of a multi-policy discount. The discount can add up to ten or even up to twenty percent in some cases. Even with this discount, drivers will still want to compare other company rates to confirm you are receiving the best rates possible. You may still be able to save money even if you insure with multiple companies
What are good liability insurance limits? - Your policy's liability coverage kicks in in the event that you are determined to be liable for damages caused by your negligence. Your policy's liability insurance provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
Bad credit will cost you - Your credit score can be an important factor in determining what you pay. If your credit rating is low, you may save money insuring your Hyundai Accent if you clean up your credit. People that have very high credit ratings tend to be better drivers and file fewer claims than drivers with worse credit.
Does your employer raise your prices? - Did you know your job can affect your rates? Jobs like doctors, social workers and medical professionals generally pay higher premiums than the average policyholder attributed to high stress and lots of time spent away from family. Conversely, occupations like scientists, historians and the unemployed receive lower rates.
Always keep your coverage in force - Allowing your coverage to lapse is a guaranteed way to increase your rates. And not only will your rates increase, not being able to provide proof of insurance might get you fines or a revoked license. You may then have to submit proof of financial responsibility or a SR-22 with the Colorado motor vehicle department to get your license reinstated.
Gender and insurance coverage rates - The statistics show women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Females and males are in fender benders at about the same rate, but males cause more damage. Not only are claims higher, but men get higher numbers of serious violations like DWI (DUI) or reckless driving.
Don't abuse claims - Insurance companies in Colorado generally give better rates to policyholders who do not file claims often. If you file a lot of claims you can pretty much guarantee higher rates. Your insurance policy is designed for major claims that would cause financial hardship.
Drive less and pay lower prices - Driving more miles each year the higher your rate. The majority of insurers charge rates based upon how much you drive. Cars and trucks that are left in the garage can be on a lower rate level than cars that get driven a lot. Verify your auto insurance policy states the correct usage for each vehicle, because it can save money. An improperly rated Accent may be costing you.
Hyundai Accent statistical loss data - Insurance companies factor in insurance loss information to help determine rates. Vehicles that statistically have increased losses will have increased rates. The table below illustrates the insurance loss data used by companies for Hyundai Accent vehicles.
For each policy coverage, the loss probablilty for all vehicles averaged together is represented as 100. Numbers shown that are under 100 mean the vehicle has better than average losses, while numbers above 100 show a trend for more claims or a tendancy for claims to be larger.
Hyundai Accent Insurance Loss Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Statistics from IIHS.org for 2013-2015 Model Years
Buying auto insurance from Colorado Springs insurance agents
Certain consumers still prefer to go talk to an agent and that is just fine! A good thing about comparing auto insurance online is the fact that drivers can get cheaper prices and still choose a local agent.
To help locate an agent, after submitting this short form, the quote information is instantly submitted to companies in Colorado Springs who will return price quotes for your coverage. You won't need to drive around because prices are sent directly to you. Get lower rates and an insurance agent to talk to. If you want to get a comparison quote from one company in particular, you can always visit that company's website and submit a quote form there.
Choosing the best insurance company requires more thought than just a low price. Any good agent in Colorado Springs should know the answers to these questions.
- Will a damage claim use OEM or aftermarket replacement parts?
- Will they make sure you get an adequate claim settlement?
- Do you qualify for any additional discounts?
- What kind of financial rating does the company have?
- Do they get extra compensation for selling add-on coverages?
Truth in insurance advertising
Respected companies like State Farm, Allstate and GEICO endlessly run ads on television and other media. They all seem to make an identical promise of big savings if you switch to them. How is it plausible that every one can give you a lower rate on Hyundai Accent insurance in Colorado Springs? This is the way they can do it.
Many companies have specific characteristics for the type of customer that earns them the highest profit. For example, a desirable insured could possibly be over age 30, is a homeowner, and the vehicle is rated for pleasure use. A customer who fits those characteristics will qualify for the lowest rates in Colorado Springs and will also save if they switch.
Insureds who are not a match for this stringent profile will be charged a more expensive rate which leads to business not being written. The ads say "customers that switch" not "everybody who quotes" save money. This is how companies can make those claims. This illustrates why it's extremely important to get price quotes at each policy renewal. It's just not possible to know the company that will have the lowest car insurance rates for your situation.
When getting Colorado Springs auto insurance quotes online, never buy less coverage just to save a little money. Too many times, an accident victim reduced liability limits or collision coverage only to regret at claim time that the small savings ended up costing them much more. The goal is to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.
We've covered some good ideas how to get a better price on Hyundai Accent insurance in Colorado Springs. It's most important to understand that the more rate quotes you have, the higher the chance of saving money. Drivers may even discover the most savings is with a lesser-known regional company.
Lower-priced Hyundai Accent insurance in Colorado Springs is definitely available both online and also from your neighborhood Colorado Springs agents, and you should compare rates from both to have the best rate selection. A few companies do not provide rates over the internet and most of the time these regional carriers provide coverage only through independent insurance agents.
More detailed insurance information can be found in the articles below:
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has the Cheapest Colorado Auto Insurance Quotes for a Ford Edge? (FAQ)
- Who Has Cheap Colorado Auto Insurance for Infrequent Drivers? (FAQ)
- Who Has Affordable Auto Insurance for Low Mileage Drivers in Colorado? (FAQ)
- Five Steps to Filing an Auto Insurance Claim (Insurance Information Institute)
- Top Signs Your Brakes are Giving Out (State Farm)