Tired of paying out the nose to pay high insurance rates every month? You're in the same situation as many other Colorado drivers.
A recent insurance study discovered that the vast majority of drivers kept their policy with the same company for over three years, and almost half have never even shopped around for cheaper coverage. Colorado insurance shoppers can save hundreds of dollars each year just by getting comparison quotes, but they feel it's too difficult to shop around. Numerous car insurance companies battle for your insurance dollar, and it can be difficult to compare rates to find the absolute cheapest price on Chevy Tahoe insurance in Colorado Springs.
Colorado Springs auto insurance discounts
Car insurance can cost a lot, but you may find discounts that could help you make your next renewal payment. A few discounts will be applied at the time you complete a quote, but some must be specifically requested prior to receiving the credit.
- Renewal Discounts - Select larger companies give a discount for switching policies prior to the expiration date on your current Tahoe insurance policy. Ten percent is about the average savings.
- Good Student - Maintaining excellent grades can earn a discount of 20% or more. This discount can apply up to age 25.
- Multi-line Discount - Larger auto insurance companies have lower rates if you buy auto and life insurance together.
- Senior Citizens - Older drivers may receive a small decrease in premiums.
- Discount for Passive Restraints - Vehicles equipped with air bags may earn rate discounts of 20 to 30 percent.
- Multi-Vehicle Discounts - Buying insurance for several vehicles on one policy may reduce the rate for each vehicle.
- Multi-policy Discount - If you combine your home and auto policies and insure them with the same company you will save approximately 10% to 15%.
A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. Despite the appearance that adding up those discounts means a free policy, it doesn't quite work that way. Any qualifying discounts will definitely lower the amount you have to pay.
Some of the insurance companies that may offer quotes with most of the discounts above include:
Double check with all the companies what discounts are available to you. Some credits might not apply in your state. If you would like to choose from a list of auto insurance companies that offer the discounts shown above in Colorado, click here to view.
Finding a lower price on Chevy Tahoe insurance can be relatively painless. All that's required is to take time comparing price quotes online with multiple companies.
Getting quotes online is very simple and it takes the place of having to physically go to each insurance agency near you. Doing it all online makes this process obsolete unless you want the personal advice that only a licensed agent can provide. Some companies do allow you to get the lowest quotes online but purchase the actual policy in an agency.
The providers in the list below are ready to provide free quotes in Colorado Springs, CO. If multiple companies are shown, it's a good idea that you visit two to three different companies in order to get a fair rate comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tahoe LS 2WD||$232||$454||$330||$20||$98||$1,134||$95|
|Tahoe LS 4WD||$388||$546||$460||$28||$138||$1,560||$130|
|Tahoe LT 2WD||$294||$562||$396||$24||$118||$1,394||$116|
|Tahoe LT 4WD||$334||$628||$426||$26||$128||$1,542||$129|
|Tahoe LTZ 2WD||$340||$662||$474||$28||$142||$1,646||$137|
|Tahoe LTZ 4WD||$214||$426||$396||$24||$118||$1,178||$98|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Price information does not factor in garaging location in Colorado Springs which can modify premium rates noticeably.
Poor driving habits will raise your auto insurance rates
The illustration below highlights how traffic violations and accidents drive up Chevrolet Tahoe yearly insurance costs for each different age category. The rates are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are factored in.
The information below highlights how deductible selection and can increase or decrease Chevrolet Tahoe insurance costs for different age groups. The information is based on a married female driver, full physical damage coverage, and no policy discounts are applied.
Why Your Insurance Premiums might be higher
Many things are used when you get a price on insurance. Some factors are common sense like an MVR report, although some other factors are more obscure like where you live or how financially stable you are. An important part of buying insurance is that you know the different types of things that are used to determine car insurance rates. If you have some idea of what determines base rates, this allows you to make educated decisions that could help you find lower car insurance prices.
The items below are a few of the "ingredients" used by your company to calculate your rates.
Rental and towing coverage may not be needed - There are quite a few add-on coverages that can waste your money if you aren't diligent. Things like rental car reimbursement, accidental death, and extra life insurance coverage may be costing you every month. You may think they are a good idea at first, but if you don't need them get rid of them and save.
Your vocation is a factor - Do you have a high-stress occupation? Occupations like doctors, airline pilots, and stock brokers tend to have higher rates than the rest of us attributed to stressful work requirements and extremely grueling work hours. Other careers such as actors, students and retirees pay lower than average rates.
Your age impacts your rates - Older drivers are more cautious drivers, are lower risk to insure, and are safer drivers.Inexperience drivers are statistically proven to be more careless in a vehicle and because of this, their car insurance rates are much higher.
Traffic violations can be expensive - Your driving record impacts your car insurance rates tremendously. Getting just one chargable violation can increase rates substantially. Good drivers have lower premiums compared to bad drivers. Drivers who have dangerous citations such as hit and run, DWI or reckless driving convictions may need to file a proof of financial responsibility form (SR-22) with their state's department of motor vehicles in order to legally drive.
Higher deductibles are cheaper - Protection for physical damage, also called comprehensive and collision insurance, insures against damage to your Chevy. Some instances where coverage would apply are running into the backend of another car, flood damage, and burglary. Your deductibles define the amount you are willing to pay if a claim is determined to be covered. The more money the insured is willing to pay, the better rate you will receive.
Deter car thieves - Purchasing a vehicle with a theft deterrent system can help bring down rates. Advanced theft deterrents like OnStar found on GM vehicles, advanced tracking like LoJack, and vehicle immobilization systems help track and prevent auto theft and help lower rates.
Marriage can save you money - Being married may save some money when buying car insurance. Having a spouse usually means you are more stable financially and it's proven that married drivers get in fewer accidents.
Gender is a factor - Statistics have proven women are more cautious behind the wheel. This data doesn't prove that males are worse at driving than females. Females and males are in at-fault accidents at about the same rate, but men tend to have more serious accidents. Men also statistically receive more costly citations like DWI (DUI) or reckless driving. Males from age 16 to 21 tend to get in the most accidents so it costs more to insure them.
Insurance loss data for a Chevy Tahoe - Insurance companies analyze the history of losses to help calculate premium prices. Vehicles that historically have higher claim frequency or loss amount will cost more for specific coverages.
The table below shows the loss history for Chevy Tahoe vehicles. For each policy coverage, the claim probability for all vehicles, as an average, is considered to be 100. Values that are below 100 indicate better than average losses, while values that are above 100 indicate more frequent losses or a tendancy for losses to be larger than average.
Chevrolet Tahoe Insurance Loss Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Chevrolet Tahoe 4dr 2WD||82||90||105||70||63||88|
|Chevrolet Tahoe 4dr 4WD||83||89||103||68||62||80|
Statistics from IIHS.org for 2013-2015 Model Years
Car insurance quotes from neighborhood Colorado Springs auto insurance agents
A small number of people prefer to talk to a local agent and that is not a bad decision Good insurance agents can help you build your policy and help you file claims. The biggest benefit of comparing car insurance online is that drivers can save money and get the lowest rates and still buy from a local agent.
To find an agent, once you fill out this form (opens in new window), your information is sent to insurance agents in Colorado Springs who want to provide quotes to get your business. You never need to search for an agent due to the fact that quote results will go instantly to you. If you need to get a rate quote from a particular provider, you just need to visit that company's website and submit a quote form there.
Finding a good insurer requires more thought than just the quoted price. Here are some questions you might want to ask.
- Is insurance their full-time profession?
- How long has the business existed?
- What will you get paid if your car is a total loss? How is that amount determined?
- How often do they review policy coverages?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are they actively involved in the community?
- Is there a Errors and Omissions policy in force?
- Are they properly licensed to sell insurance in Colorado?
Is an exclusive or independent auto insurance agent right for you?
If you are wanting to purchase car insurance from local Colorado Springs agents, you must know there are a couple different types of agencies and how they work. Insurance agencies in Colorado Springs are considered either independent (non-exclusive) or exclusive. Either type can insure your vehicles, but it's important to know the differences because it can factor into which type of agent you select.
Exclusive Car Insurance Agents
Agents that elect to be exclusive can only provide one company's prices like State Farm, Allstate and AAA. Exclusive agencies are unable to provide rate quotes from other companies so they really need to provide good service. Exclusive agencies are usually well trained in insurance sales which helps overcome the inability to quote other rates.
Listed below is a list of exclusive agencies in Colorado Springs who may provide you with comparison quotes.
Independent Agents (or Brokers)
Agents that choose to be independent are not employed by one company and that allows them to write policies with lots of companies and get the cheapest rates. To move your coverage to a new company, they simply switch companies in-house and you don't have to do anything.
If you need cheaper car insurance rates, we recommend you get several quotes from multiple independent agents to get the best comparison.
Below are Colorado Springs independent agencies that can give you price quote information.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map
Why you need to buy insurance
Even though Colorado Springs Tahoe insurance rates can get expensive, buying insurance may be required and benefits you in several ways.
First, almost all states have mandatory liability insurance requirements which means the state requires a specific level of liability coverage if you drive a vehicle. 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 have a loan on your Chevy Tahoe, it's guaranteed your bank will stipulate that you carry insurance to guarantee loan repayment. If the policy lapses, the bank or lender will purchase a policy for your Chevy for a lot more money and require you to reimburse them a much higher amount than you were paying before.
Third, insurance protects not only your vehicle but also your financial assets. It will also reimburse you for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance also pays for attorney fees and expenses in the event you are sued. If damage is caused by hail or an accident, comprehensive and/or collision insurance will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance are without a doubt worth the cost, especially with large liability claims. An average driver in America is currently overpaying as much as $700 annually so smart consumers compare quotes each time the policy renews to make sure the price is not too high.
Cheaper coverage is out there
Low-cost Chevy Tahoe insurance in Colorado Springs can be found from both online companies and also from your neighborhood Colorado Springs agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance providers don't offer the ability to get a quote online and many times these small, regional companies work with independent agents.
While you're price shopping online, it's not a good idea to reduce needed coverages to save money. There are many occasions where someone dropped full coverage only to find out that it was a big error on their part. Your strategy should be to buy enough coverage at a price you can afford but still have enough coverage for asset protection.
Additional insurance information can be found on the following sites:
- All About Airbag Safety (State Farm)
- Who Has Cheap Auto Insurance in Colorado? (FAQ)
- Which Company has the Cheapest Auto Insurance in Colorado Springs, CO? (FAQ)
- What Auto Insurance is Cheapest for Single Moms in Colorado? (FAQ)
- What Insurance is Cheapest for State Employees in Colorado? (FAQ)
- What Auto Insurance is Cheapest for Nurses in Colorado? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for 4x4 Vehicles in Colorado? (FAQ)
- How Much is Colorado Auto Insurance for High School Students? (FAQ)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Insurance Losses by Make and Model (iihs.org)