If you are a novice to online auto insurance shopping, it's easy to get confused by the vast number insurance agents and companies that all promise to save you money.
Unbelievably, almost 70% of insureds have been with the same company for more than four years, and about 40% of consumers have never quoted rates to find affordable coverage. With the average auto insurance premium being $1,810, Colorado Springs drivers could save as much as 35% a year by just shopping around, but they mistakenly think it's difficult to compare rates and save money.
It's important to price shop coverage quite often since rates are constantly changing. Despite the fact that you may have had the lowest rate on Chevy Traverse insurance in Colorado Springs at your last renewal a different company probably has better prices today. You can search a lot of Traverse insurance on the web, but we're going to give you the best ways to stop overpaying for insurance in Colorado Springs.
When comparison shopping, making a lot of price comparisons helps locate a better price. Some insurance companies are not set up to provide price estimates online, so it's important to also get prices from them, too.
The companies shown below are ready to provide price quotes in Colorado Springs, CO. If several companies are displayed, we recommend you visit as many as you can in order to find the cheapest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Traverse LS 2WD||$276||$412||$308||$18||$92||$1,106||$92|
|Traverse LS AWD||$294||$424||$388||$22||$116||$1,244||$104|
|Traverse LT 2WD||$262||$372||$280||$16||$84||$1,014||$85|
|Traverse LT AWD||$240||$416||$388||$22||$116||$1,182||$99|
|Traverse LTZ 2WD||$190||$288||$298||$18||$90||$884||$74|
|Traverse LTZ AWD||$294||$536||$338||$20||$102||$1,290||$108|
|Get Your Own Custom Quote Go|
Data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Rates do not factor in vehicle garaging location which can raise or lower price quotes substantially.
How violations and accidents impact rates
The chart below demonstrates how speeding tickets and at-fault accidents can influence Chevrolet Traverse car insurance rates for each age group. The price estimates are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied.
Comparison of full coverage and liability-only policies
The information below examines Chevrolet Traverse yearly insurance costs when comparing full coverage to state minimum liability only. The premiums assume no accidents, no driving violations, $250 deductibles, married male driver, and no policy discounts are applied.
When to eliminate full coverage
There is no definitive rule to delete comp and collision coverage, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than about 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.
For example, let's say your Chevrolet Traverse replacement cost is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company would pay you is $5,000 after paying your deductible. If premiums are more than $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are some cases where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not opt for liability only.
The diagram below shows how choosing a deductible and can impact Chevrolet Traverse annual premium costs for each different age category. The price estimates are based on a married male driver, full physical damage coverage, and no other discounts are factored in.
Which is the best car insurance?
Always remember that when buying insurance from an agent or online for your vehicles, there really isn't a best way to insure your cars. Coverage needs to be tailored to your specific needs.
For example, these questions might help in determining if you will benefit from professional help.
- Why do I have to buy liability insurance?
- Do I pay less if my vehicle is kept in my garage?
- What is an SR-22 filing?
- What states are considered no-fault?
- Is there coverage for my trailer?
- What is UM/UIM insurance?
- Can I get a multi-policy discount?
- How long can I keep a teen driver on my policy?
If you're not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Car insurance agents are professional risk managers
Some people just prefer to talk to a local agent and that is a personal choice. A nice benefit of getting free rate quotes online is that drivers can save money and get the lowest rates and still buy from a local agent. And supporting local insurance agents is definitely important in Colorado Springs.
Upon completion of this simple form, the coverage information is sent to agents in your area that can give you free Colorado Springs car insurance quotes and help you find cheaper coverage. You won't even need to visit any agencies due to the fact that quote results will go to your email. You can find better rates without having to waste a lot of time. In the event you want to quote rates from one company in particular, you would need to go to their quote page and fill out their quote form.
If you would like to find a reliable insurance agent, it's helpful to know the different types of agents and how they function. Car insurance agencies are classified as either exclusive agents or independent agents.
Independent Car Insurance Agents
Agents in the independent channel do not have single company limitations so they have the ability to put coverage through many companies and get the cheapest rates. To transfer your coverage to a different company, they can switch companies in-house and you stay with the same agent. When comparison shopping, you should always get rate quotes from a few independent agents so that you have a good selection of quotes to compare. Most also write with companies that do not advertise much that can offer cheaper rates than bigger companies.
Featured below are Colorado Springs independent insurance agencies who may provide free car insurance quotes.
- Pikes Peak Insurance Agency
2306 N Powers Blvd #120 - Colorado Springs, CO 80915 - (719) 591-4500 - View Map
- Mary Beth Stiltner Insurance Agency
1880 Dublin Blvd # C - Colorado Springs, CO 80918 - (719) 528-1555 - View Map
- A Better Choice Auto Insurance
1863 N Circle Dr - Colorado Springs, CO 80909 - (719) 667-1301 - View Map
Exclusive Car Insurance Agents
Agents in the exclusive channel generally can only insure with one company and examples are Farmers Insurance or State Farm. They usually cannot provide prices from multiple companies so it's a take it or leave it situation. Exclusive agencies are highly trained in insurance sales which helps overcome the inability to quote other rates. Consumers often purchase coverage from exclusives partially due to the prominent brand name and strong financial ratings.
Below are Colorado Springs exclusive insurance agents who can help you get price quotes.
- Connie Slater - State Farm Insurance Agent
5731 Silverstone Terrace #120 - Colorado Springs, CO 80919 - (719) 268-9003 - View Map
- Allstate Insurance: Wermers Agency Inc
1283 Kelly Johnson Blvd - Colorado Springs, CO 80920 - (719) 471-6777 - View Map
- Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map
Finding the right car insurance agent should include more criteria than just the price. The questions below may impact your decision as well.
- Can glass repairs be made at your home?
- What are their preferred companies if they are an independent agency?
- Are you getting all the discounts the company offers?
- How experienced are they in personal risk management?
- What company holds the largest book of business for them?
- Do they review policy coverages at every renewal?