Discount Land Rover LR2 insurancePaying more affordable prices for Land Rover LR2 insurance in Colorado Springs could be a challenge for drivers not familiar with shopping for insurance online. People have so many options available that it can turn into a burden to lower your rates on Land Rover LR2 insurance.

It's amazing but 70% of consumers kept their policy with the same company for four years or more, and 38% of customers have never shopped around. Most drivers in America could save 46.5% a year by just comparing rate quotes, but they don't understand how simple it is to compare rates and save money.

It's a good habit to quote other rates periodically since insurance rates are rarely the same from one policy term to another. If you had the lowest premium rates on Land Rover LR2 insurance in Colorado Springs last year you will most likely find a better price today. Forget all the misinformation about auto insurance because I'm going to let you in on the secrets to how to use online quotes to reduce your cost while improving coverage.

Just remember that making a lot of price comparisons gives you a better chance of getting the best offered rates.

The providers in the list below are ready to provide free rate quotes in Colorado. If several companies are displayed, it's a good idea that you compare several of them to get the best price comparison.

Land Rover LR2 Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $294 $528 $396 $24 $118 $1,360 $113
LR2 HSE $326 $662 $396 $24 $118 $1,526 $127
LR2 HSE Luxury $278 $434 $352 $20 $106 $1,190 $99
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Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Premium costs do not factor in the specific area where the vehicle is garaged which can increase or decrease rates noticeably.

Full coverage rates vs. liability-only

The diagram below shows the comparison of Land Rover LR2 auto insurance costs with full coverage compared to only the Colorado minimum liability coverage. The premium estimates are based on a clean driving record, no claims, $1,000 deductibles, married female driver, and no discounts are applied to the premium.

When to eliminate full coverage

There isn't a steadfast formula to delete full coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let's say your Land Rover LR2 replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after paying your policy deductible. If you are paying more than $700 annually to have full coverage, then it might be time to consider dropping full coverage.

There are some situations where eliminating full coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage to protect the lienholder's interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

Auto insurance deductibles

The illustration below illustrates how your deductible choice and can affect Land Rover LR2 premium costs for each different age category. The costs are based on a married female driver, comp and collision included, and no discounts are factored in.

An analysis of deductible level

One of the more difficult decisions when buying auto insurance is where to set your physical damage deductibles. The following tables may help you to understand the differences in premium rates of buying low and high physical damage coverage deductibles. The first pricing table uses a $250 deductible for comp and collision and the second price chart uses a $500 deductible.

Land Rover LR2 insurance policy rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $342 $538 $352 $20 $106 $1,383 $115
LR2 HSE $342 $538 $352 $20 $106 $1,383 $115
LR2 HSE Luxury $342 $538 $352 $20 $106 $1,383 $115
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Land Rover LR2 insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $278 $434 $352 $20 $106 $1,190 $99
LR2 HSE $278 $434 $352 $20 $106 $1,190 $99
LR2 HSE Luxury $278 $434 $352 $20 $106 $1,190 $99
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Table data does not factor in garaging location in Colorado Springs which can affect prices significantly.

Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $16 more each month or $192 each year than quoting the higher $500 deductible. Due to the fact that you would have to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you tend to have at least 16 months between claims, you would probably come out ahead if you elect the higher deductible. The numbers below show the way this decision is made.

Average monthly premium for $250 deductibles: $115
Average monthly premium for $500 deductibles (subtract): - $99
Monthly savings from raising deductible: $16
Difference between deductibles ($500 - $250): $250
Divide difference by monthly savings: $250 / $16
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 16 months

Save a ton on Land Rover LR2 insurance in Colorado Springs with these auto insurance discounts

Companies that sell car insurance don't always publicize every possible discount very clearly, so the below list has a few of the more well known as well as some of the hidden credits available to bring down your rates.Save money with discounts

A little disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Some only reduce specific coverage prices like collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, that's just not realistic.

Companies and their offered discounts are detailed below.

Double check with every company which discounts they offer. A few discounts may not apply to policyholders in Colorado Springs. To locate auto insurance companies that have a full spectrum of discounts in Colorado Springs, click here.

Car insurance is an important decision

Despite the high cost of buying insurance for a Land Rover LR2 in Colorado Springs, maintaining insurance is required in Colorado but also provides important benefits.

The benefits of having insurance more than cancel out the cost, particularly when you have a large claim. Despite what companies tell you, the average driver is overpaying over $869 every year so compare quotes from several companies at every policy renewal to help ensure money is not being wasted.

What if I want to buy from local Colorado Springs insurance agents?

Many drivers just want to buy from a licensed agent. One of the best bonuses of getting free rate quotes online is that drivers can save money and get cheaper car insurance rates but also keep your business local.

Once you complete this quick form, your information is emailed to insurance agents in Colorado Springs who will give you bids for your business. There is no reason to find an agent due to the fact that quote results will go straight to your inbox. You can find better rates without requiring a lot of work. In the event you want to quote rates from a particular provider, you just need to go to their quote page and fill out their quote form.

Choosing an company requires you to look at more than just a cheap price quote. The questions below may impact your decision as well.

When narrowing the list to find a reliable insurance agent, it helps to know the two different types of agents and how they operate. Insurance policy providers can be classified as either independent or exclusive depending on the company they work for.

Exclusive Insurance Agents

Exclusive insurance agents can only provide pricing for a single company such as American Family, State Farm, and AAA. They generally cannot compare rates from other companies so always compare other rates. Exclusive agencies receive extensive training on their products and sales techniques and that can be a competitive advantage. Consumers frequently buy from the same agent for years primarily because of the brand rather than low price.

The following are Colorado Springs exclusive insurance agencies willing to provide rate quotes.

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Independent Agents (or Brokers)

These type of agents do not have single company limitations and that gives them the ability to insure through many different insurance companies and find you cheaper rates. If your premiums go up, an independent agent can move your coverage which makes it simple for you. If you need cheaper insurance rates, it's a good idea to get some free quotes from several independent agencies to maximize your price options. Most have the option of insuring with smaller companies which can be an advantage.

Below is a short list of independent agents in Colorado Springs that are able to give comparison quotes.

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