Would you like to stop overpaying and find more competitive Honda Pilot insurance in Denver? Are you kicking yourself for buying overpriced Honda Pilot insurance in Denver? Don't feel bad because you are not the only one feeling buyer's remorse.
Shocking but true, most drivers kept their policy with the same company for a minimum of four years, and nearly the majority have never shopped around. With the average car insurance premium being $1,800, Denver drivers could save $605 every year, but they underestimate the benefits if they switched to a cheaper policy. With so many different company options, it can be diffult for drivers to pick a more affordable car insurance company.
How to Lower Your Insurance Prices
The best way to find cheaper car insurance is to take a look at some of the things that help determine car insurance rates. When consumers understand what determines base rates, this helps enable you to make changes that will entitle you to better car insurance rates.
The list below includes a partial list of the pieces utilized by car insurance companies to help set your rates.
Consolidate policies to earn discounts - Many insurers apply discounts to customers who buy several policies from them in the form of a multi-policy discount. Discounts can add up to ten percent or more. Even if you qualify for this discount already, it's always a smart idea to get quotes from other companies to ensure the best deal.There is a chance you can save even more than the discount even if you insure with multiple companies
Do you really need to file that policy claims? - If you are a frequent claim filer, don't be surprised to see higher premiums or even policy non-renewal. Insurance companies in Colorado give the best rates to insureds who are not frequent claim filers. Auto insurance is intended for claims that pose a financial burden.
Married drivers pay lower prices - Having a wife or husband may earn you lower rates when shopping for car insurance. It usually means you are more stable financially and insurance companies reward insureds because drivers who are married are more cautious.
Your gender affects costs - Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that females are better drivers. Both genders tend to get into auto accidents in similar percentages, but men tend to have higher claims. Not only that, but men also get higher numbers of serious violations such as reckless driving.
Low physical damage deductibles can be expensive - Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, helps pay for damage to your vehicle. Some examples of claims that would be covered would be a windshield shattered by a rock, vandalism, and damage caused by flying debris. Your deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The larger the amount the insured has to pay upfront, the less money you will pay for car insurance.
Insurance loss data for a Honda Pilot - Companies factor in insurance loss information to determine a rate that will be profitable for them. Models that tend to have increased claim numbers or amounts will cost more for specific coverages.
The table shown below demonstrates the loss history for Honda Pilot vehicles. For each insurance policy coverage type, the loss probability for all vehicles combined as an average is represented as 100. Values that are under 100 suggest losses that are better than average, while values over 100 indicate higher probability of having a loss or tendency to have higher losses.
Honda Pilot Insurance Loss Statistics
|Specific Honda Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda Pilot 4dr 2WD||70||96||69||82||82||86|
|Honda Pilot 4dr 4WD||79||105||81||88||74||82|
Statistics from IIHS.org for 2013-2015 Model Years
The majority of larger companies like GEICO, State Farm and Progressive make it easy to get insurance quotes online. Doing online price comparisons for Honda Pilot insurance in Denver can be done by anyone as you just type in your coverage preferences as detailed in the form. Once entered, the quote system sends out for information on your driving record and credit history and quotes a price based on many factors. This simplifies rate comparisons, and it's necessary to get many rate quotes if you are searching for a better rate.
In order to find out how much you can save on insurance, compare quotes from the companies shown below. If you have your current policy handy, we recommend that you enter coverages and limits exactly as they are listed on your policy. Using the same limits helps guarantee you will get comparison quotes based on similar coverages.
The auto insurance companies shown below can provide comparison quotes in Colorado. If more than one company is shown, we recommend you click on several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Pilot LX 2WD||$186||$290||$474||$28||$142||$1,120||$93|
|Pilot EX 2WD||$264||$368||$396||$24||$118||$1,170||$98|
|Pilot EX 4WD||$244||$348||$426||$26||$128||$1,172||$98|
|Pilot EX-L 2WD||$210||$354||$474||$28||$142||$1,208||$101|
|Pilot EX-L 4WD||$184||$282||$358||$22||$108||$954||$80|
|Pilot Touring 2WD||$264||$448||$368||$22||$110||$1,212||$101|
|Pilot Touring 4WD||$294||$536||$396||$24||$118||$1,368||$114|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Rates do not factor in specific zip code location which can revise rates noticeably.
Rate comparison for different deductibles
The information below illustrates how your deductible choice and can raise or lower Honda Pilot insurance rates for each different age category. The rates are based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.
Do drivers who switch really save $435 a year?
Colorado drivers can't get away from ads for auto insurance savings by GEICO, State Farm and Progressive. They all make the point that drivers can save some big amount just by moving your policy.
How can each company have lower policy pricing? This is how they do it.
Most companies can use profiling for the type of insured that earns them a profit. A good example of a profitable customer might be between the ages of 40 and 55, carries full coverage, and chooses high deductibles. Anyone that hits that "sweet spot" will most likely get cheap rates and will probably save money with a new company.
Drivers who are not a match for the ideal profile will be charged higher rates which results in the customer buying from a different company. If you pay attention, the ads say "drivers that switch" not "everyone who quotes" save money. This is how companies can truthfully make claims that they all have the best car insurance rates. This really illustrates why it's extremely important to compare quotes as often as possible. It's impossible to know which insurance companies will fit you best based on your risk profile.
Auto insurance is an important decision
Even though Denver Pilot insurance rates can get expensive, paying for auto insurance may not be optional for several reasons.
First, the majority of states have mandatory insurance requirements which means you are required to carry a minimum amount of liability insurance if you don't want to risk a ticket. 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 took out a loan on your vehicle, most banks will make it a condition of the loan that you have comprehensive coverage to guarantee payment of the loan. If you do not pay your insurance premiums, the lender will be forced to insure your Honda for a lot more money and make you pay a much higher amount than you were paying before.
Third, auto insurance preserves not only your vehicle but also your assets. It will also cover most medical and hospital costs for you, your passengers, and anyone else injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if anyone sues you for causing an accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to restore your vehicle to like-new condition.
The benefits of having auto insurance are definitely more than the cost, particularly if you ever have a claim. But the average American driver overpays more than $820 a year so it's recommended you shop around every year to save money.
You may qualify for discounts for Honda Pilot insurance in Denver
Insurance can be prohibitively expensive, but there could be significant discounts to reduce the price significantly. A few discounts will be applied when you get a quote, but less common discounts must be specifically requested before they will apply. If you do not double check each discount you qualify for, it's possible you qualify for a lower rate.
- Life Insurance - Some auto insurance companies give a small discount if you purchase a life policy as well.
- Federal Employees - Employees or retirees of the government may reduce rates when you quote Denver auto insurance depending on your company.
- Club Memberships - Joining qualifying clubs or civic groups could trigger savings when shopping for auto insurance.
- Smart Student Discounts - Performing well in school can earn a discount of 20% or more. You can use this discount normally well after school through age 25.
- Seat Belt Discounts - Forcing all vehicle occupants to buckle up before driving can save a little off the medical payments premium.
- First Accident Forgiveness - Not necessarily a discount, but a few companies such as Libery Mutual, GEICO and Allstate will forgive one accident before hitting you with a surcharge with the catch being you have to be claim-free prior to being involved in the accident.
- Active Military Service - Being deployed in the military could be rewarded with lower premium rates.
- Auto/Home Discount - If you combine your home and auto policies with the same insurance company you could save over 10 percent off each policy depending on the company.
- Resident Student - Any of your kids who live away from home to go to college and don't have a car can receive lower rates.
- E-sign Discounts - A few insurance companies will discount your bill up to fifty bucks for signing up on the internet.
A little note about advertised discounts, most discount credits are not given to the entire cost. Most only cut specific coverage prices like physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, it just doesn't work that way.
Popular auto insurance companies and their offered discounts include:
- State Farm includes discounts for good driver, multiple policy, Steer Clear safe driver discount, safe vehicle, and anti-theft.
- American Family offers premium reductions for bundled insurance, good student, Steer into Savings, mySafetyValet, and multi-vehicle.
- AAA may include discounts for pay-in-full, anti-theft, good student, multi-car, multi-policy, good driver, and AAA membership discount.
- GEICO may have discounts that include multi-policy, air bags, emergency military deployment, driver training, good student, and federal employee.
- Mercury Insurance may offer discounts for multi-policy, ease of repair, low natural disaster claims, multi-car, good driver, and location of vehicle.
- Farmers Insurance has discounts for teen driver, homeowner, pay in full, bundle discounts, good student, early shopping, and alternative fuel.
- Progressive has savings for online quote discount, online signing, good student, continuous coverage, and multi-vehicle.
It's a good idea to ask each insurance company which discounts they offer. All car insurance discounts may not apply to policies everywhere. To see a list of insurers with the best Honda Pilot insurance discounts in Denver, follow this link.
Can't I get rate quotes from local Denver car insurance agents?
A lot of people prefer to go talk to an agent and we recommend doing that Professional insurance agents are highly skilled in risk management and help file insurance claims. One of the great benefits of getting online price quotes is the fact that drivers can get cheaper car insurance rates but still work with a licensed agent.
By using this quick form, your insurance data is emailed to companies in Denver who will give you bids for your auto insurance coverage. It's much easier because you don't need to contact an agency as quotes are delivered straight to your inbox. If you wish to compare prices from a particular provider, don't hesitate to find their quoting web page and submit a quote form there.
Picking an insurance company shouldn't rely on just a low price. Before buying a policy in Denver, get answers to these questions.
- What kind of financial rating does the company have?
- Are they actively involved in the community?
- How many years of experience in personal auto insurance do they have?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- What company holds the largest book of business for them?
- How much will you save each year by using a higher deductible?
How to choose the best car insurance agent in Denver
If you want to use a reliable insurance agent, you need to know there are two types of agencies and how they function. Auto insurance agencies are considered either independent or exclusive. Either one can write policy coverage, but it's worth learning the subtle differences since it may influence the type of agent you choose.
Exclusive Auto Insurance Agencies
Agents of this type are contracted to one company such as Farmers Insurance and State Farm. These agents are unable to place coverage with different providers so if the price isn't competitive there isn't much they can do. Exclusive agents are well trained on the products they sell which aids in selling service over price.
Shown below are Denver exclusive agencies who can help you get comparison quotes.
American Family Insurance - Abbie Davis Tanner Agency Inc
2855 Speer Blvd Suite D - Denver, CO 80211 - (303) 333-0205 - View Map
Independent Agents (or Brokers)
Agents that choose to be independent can sell policies from many different companies so they can quote policies with an assortment of companies and find you cheaper rates. If they quote lower rates, they simply switch companies in-house and you don't have to do anything. When comparing rates, you will want to get some free quotes from multiple independent agents so that you have a good selection of quotes to compare.
Listed below is a list of independent insurance agencies in Denver that can give you comparison quotes.
Persistent drivers can save
Affordable Honda Pilot insurance in Denver is attainable from both online companies and from local insurance agents, so get free Denver auto insurance quotes from both of them so you have a total pricing picture. There are still a few companies who do not offer the ability to get quotes online and most of the time these small, regional companies prefer to sell through independent insurance agents.
We covered some good ideas how you can lower your Honda Pilot insurance premium rates in Denver. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. Consumers could even find that the best premium rates are with a lesser-known regional company. These companies can often provide lower prices in certain areas than the large multi-state companies such as Progressive and GEICO.
More information is located at these links:
- Think You're a Safe Driver? (State Farm)
- What is the Cheapest Auto Insurance in Aurora, Colorado? (FAQ)
- Who Has Affordable Colorado Auto Insurance Rates for a Toyota Tacoma? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Nissan Rogue in Colorado? (FAQ)
- Rental Car Insurance Tips (Insurance Information Institute)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- Event Data Recorders FAQ (iihs.org)
- Vehicle Insurance in the U.S. (Wikipedia)