Feel like you're a prisoner to an expensive auto insurance policy? Believe me when I say many Aurora drivers have buyer's remorse.
A recent survey discovered that a large majority of drivers in Colorado kept their policy with the same company for four years or more, and virtually 40% of consumers have never compared rates with other companies. With the average auto insurance premium being $1,847, American drivers could save themselves as much as $859 a year, but they don't invest the time required to save money by comparing rate quotes.
Big-name insurance companies like State Farm, Progressive and GEICO constantly blast consumers with TV and radio ads and it is challenging if not impossible to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
It's a great practice to quote other rates on a regular basis because auto insurance rates are adjusted regularly by insurance companies. Just because you had the best rate on Chevy Volt insurance in Aurora on your last policy a different company probably has better prices today. Block out anything you think you know about auto insurance because it's time to teach you the easiest way to lower your annual insurance bill.
If you already have coverage, you stand a good chance to be able to buy cheaper auto insurance using the ideas presented in this article. Locating the best rates in Aurora can initially seem challenging. Although Colorado vehicle owners do need to know the way companies determine prices and use it to find better rates.
Keep in mind that having more price comparisons helps improve the odds of finding more affordable insurance.
The companies shown below are ready to provide quotes in Colorado. If more than one company is shown, we suggest you compare several of them in order to get a fair rate comparison.
Three reasons to not skimp on insurance
Despite the fact that insurance is not cheap in Aurora, buying insurance is a good idea for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability insurance if you want to drive legally. 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.
- If you have a loan on your Chevy, more than likely the lender will have a requirement that you have comprehensive coverage to ensure they get paid if you total the vehicle. If coverage lapses or is cancelled, the bank may buy a policy for your Chevy at a much higher rate and force you to pay the higher premium.
- Insurance protects both your Chevy and your personal assets. Insurance will pay for hospital and medical expenses that are the result of an accident. Liability coverage will also pay attorney fees if you are named as a defendant in an auto accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance greatly outweigh the cost, particularly when you have a large claim. Today the average American driver is overpaying over $825 a year so it's important to compare rates at every renewal to ensure rates are inline.
Can you really save that much by switching?
Insurance providers like GEICO, State Farm and Progressive regularly use television, radio, and online ads. They all seem to make the point that drivers can save some big amount just by moving your policy. How can each company charge you a lower premium?
Insurance providers offer their best rates for the right customer that earns them the most money. For example, a preferred risk may be a mature driver, has never had a claim, and drives less than 7,500 miles a year. A customer who matches those parameters will probably get the lowest car insurance rates and will most likely save some money.
Drivers who do not meet this stringent profile will see a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ad wording is "people who switch" but not "all drivers who get quotes" save that much when switching. That is how insurance companies can confidently make those claims. Each company has different criteria, so you absolutely need to compare free Aurora car insurance quotes often. It is impossible to guess which insurance companies will have better premium rates than you're paying now.
Do you qualify for these nine discounts?
Insurance is not an enjoyable expense, but there may be some discounts that could help you make your next renewal payment. A few discounts will be applied at the time of purchase, but less common discounts must be specially asked for in order for you to get them.
- Anti-theft System - Vehicles that have factory alarm systems and tracking devices are less likely to be stolen and will save you 10% or more on Volt insurance in Aurora.
- Discount for Multiple Policies - If you can bundle your auto and homeowners insurance with the same company they may give you a discount of nearly 15% which can help you find affordable Chevrolet Volt insurance rates in Aurora.
- Discount for Home Ownership - Owning your own home or condo can get you a discount since owning and maintaining a home requires a higher level of personal finance.
- Life Insurance - Insurance companies who offer life insurance give a lower price if you buy auto and life insurance together.
- Seat Belts Save - Requiring all passengers to fasten their seat belts could save 15% off the medical payments premium.
- Federal Employees - Active or retired federal employment could cut as much as 10% off with a few insurance companies.
- Savings for New Vehicles - Putting coverage on a new Volt may earn a small discount since new vehicles are generally safer.
- Data Collection Discounts - Policyholders that allow companies to spy on vehicle usage by installing a telematics device like In-Drive from State Farm and Progressive's Snapshot could see a rate decrease as long as they are good drivers.
- Military Rewards - Being on active deployment in the military may lower your insurance rates slightly.
Discounts lower rates, but some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like medical payments or collision. Even though it appears adding up those discounts means a free policy, it doesn't quite work that way.
A list of companies and a selection of discounts can be found below.
- State Farm may include discounts for defensive driving training, Steer Clear safe driver discount, passive restraint, accident-free, student away at school, and anti-theft.
- Progressive has discounts for continuous coverage, homeowner, good student, multi-policy, multi-vehicle, and online quote discount.
- Progressive may offer discounts for homeowner, multi-policy, good student, online quote discount, and continuous coverage.
- MetLife may have discounts that include good driver, good student, multi-policy, claim-free, accident-free, defensive driver
- Farm Bureau includes discounts for renewal discount, multi-vehicle, driver training, good student, youthful driver, 55 and retired, and safe driver.
- GEICO offers discounts including defensive driver, daytime running lights, anti-lock brakes, multi-policy, good student, and military active duty.
- SAFECO policyholders can earn discounts including teen safe driver, drive less, anti-theft, multi-car, and teen safety rewards.
It's a good idea to ask each insurance company how you can save money. Some discounts might not apply everywhere. If you would like to choose from a list of insurers who offer online Chevy Volt insurance quotes in Aurora, click here.
When should I get advice from an insurance agency?
Some consumers still like to go talk to an agent and that can be a smart move The best thing about getting free rate quotes online is that you can find the best rates and also buy local.
By using this quick form, your insurance coverage information is instantly submitted to companies in Aurora who can give free rate quotes to get your business. It's much easier because you don't need to do any legwork because quoted prices will be sent immediately to your email address. You'll get the best rates AND a local agent. If you want to get a comparison quote for a specific company, don't hesitate to visit that company's website and submit a quote form there.
Picking the best insurance company is decision based upon more than just a cheap quote. Before buying a policy in Aurora, get answers to these questions.
- If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
- What insurance companies do they recommend if they are an independent agent?
- If you are a high risk driver, do they have special markets for your coverage?
- What insurance company do they write the most business with?
- Are claims handled at the agent's location?
- How are claims handled?
Types of auto insurance agents in Aurora
If you are wanting to purchase auto insurance from a reliable insurance agency, you should know the types of agencies that you can choose from. Auto insurance agents in Aurora may be either independent (non-exclusive) or exclusive.
Exclusive Auto Insurance Agencies
These agents normally can only provide a single company's rates and some examples include Farmers Insurance, Allstate, or State Farm. These agents are unable to place coverage with different providers so keep that in mind. Exclusive insurance agents receive extensive training on their company's products which helps them sell insurance even at higher premiums.
The following are Aurora exclusive agencies that are able to give price quote information.
Agents that elect to be independent do not sell for just one brand and that gives them the ability to insure with multiple insurance companies depending on which coverage is best. To transfer your coverage to a different company, an independent agent can move your coverage which is easy for the insured.
If you are trying to find cheaper rates, we highly recommend that you include a couple of independent agencies to maximize your price options.
Below are Aurora independent insurance agents who can help you get price quotes.
A Complete Auto Insurance Agency
543 Sable Blvd - Aurora, CO 80011 - (303) 650-0060 - View Map
Focus Insurance Agency
2993 S Peoria St #144 - Aurora, CO 80014 - (303) 695-6220 - View Map
When buying coverage online or from an agent, there is no best way to insure your cars. Your needs are not the same as everyone else's and a cookie cutter policy won't apply. For example, these questions might help in determining if your situation may require specific advice.
- How do I file an SR-22 for a DUI in Colorado?
- Should I buy more coverage than the required Colorado minimum liability coverage?
- Do I need rental car coverage?
- Do I really need UM/UIM coverage?
- What if I don't agree with a claim settlement offer?
- Am I covered when driving on a suspended license?
- Which companies will insure me after a DUI?
- How does medical payments coverage work?
- Why am I required to buy high-risk coverage?
If you don't know the answers to these questions then you might want to talk to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.
Specific coverage details
Having a good grasp of a insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages found on most insurance policies.
Liability insurance protects you from damages or injuries you inflict on people or other property. It protects YOU against other people's claims. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/15 that means you have $25,000 in coverage for each person's injuries, a limit of $50,000 in injury protection per accident, and $15,000 of coverage for damaged propery.
Liability can pay for things like court costs, repair costs for stationary objects, structural damage, medical services and loss of income. The amount of liability coverage you purchase is up to you, but it's cheap coverage so purchase as large an amount as possible. Colorado requires drivers to carry at least 25/50/15 but it's recommended drivers buy higher limits.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This protects you and your vehicle's occupants when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as your vehicle's damage.
Due to the fact that many Colorado drivers have only the minimum liability required by law (25/50/15 in Colorado), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Comprehensive auto coverage
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like a broken windshield, hail damage and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses like ambulance fees, prosthetic devices, surgery, dental work and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Coverage for collisions
This coverage pays for damage to your Volt caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as sideswiping another vehicle, driving through your garage door and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible on your Volt to get cheaper collision coverage.
More quotes mean more insurance savings
We just showed you a lot of techniques to reduce Chevy Volt insurance premium rates online in Aurora. The key concept to understand is the more you quote Aurora car insurance, the higher the chance of saving money. You may even be surprised to find that the lowest priced insurance comes from the least-expected company. These smaller insurers may only write in your state and offer lower prices than their larger competitors like State Farm and Allstate.
Budget-friendly insurance in Aurora is available online and also from your neighborhood Aurora agents, and you should be comparing both in order to have the best chance of saving money. Some companies may not provide the ability to get quotes online and many times these smaller providers only sell through independent agents.
When buying insurance coverage, do not buy less coverage just to save a little money. In too many instances, an insured cut comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy the best coverage you can find at the best cost while still protecting your assets.
Other learning opportunities
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- What Auto Insurance is Cheapest in Grand Junction, Colorado? (FAQ)
- What is the Cheapest Auto Insurance in Aurora, Colorado? (FAQ)
- Who Has Affordable Colorado Auto Insurance for a 20 Year Old Female? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for 4x4 Vehicles in Colorado? (FAQ)
- How Much are Auto Insurance Rates for a Ford Fusion in Colorado? (FAQ)
- Child Safety FAQ (iihs.org)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Steps to Take After an Auto Accident (Insurance Information Institute)
- Prepare your Teens for Safe Driving (InsureUonline.org)