There isn't a single person who likes buying insurance, particularly when their premiums are too high.
Inconceivable but true, over 70% of consumers kept buying from the same company for four years or more, and nearly half have never shopped around. Many drivers in Colorado could save themselves $600 a year, but they underestimate the actual amount they would save if they moved their coverage to a different company. Due to the abundance of options when it comes to insurance, it's difficult to find the lowest price insurance provider.
These ten discounts can lower your insurance rates
Car insurance companies don't necessarily list all possible discounts in a way that's easy to find, so we researched some of the more common in addition to some of the lesser obvious discounts that you may qualify for.
- Driver's Education for Students - Cut your cost by having your teen driver successfully complete driver's ed class as it will make them better drivers and lower rates.
- Discounts for Safe Drivers - Insureds who avoid accidents could pay up to 40% less compared to accident prone drivers.
- Low Mileage Discounts - Low annual miles could be rewarded with lower prices on the low mileage vehicles.
- Multiple Policy Discount - If you can bundle your auto and home insurance and insure them with the same company you could get a discount of 10% to 20% off each policy.
- Seat Belts Save more than Lives - Using a seat belt and requiring all passengers to fasten their seat belts can save 10% or more off the PIP or medical payment premium.
- Discount for Swiching Early - Some insurance companies reward drivers for signing up prior to your current 500 insurance policy expiration. It can save you around 10%.
- Federal Government Employee - Federal government employees can earn a discount up to 10% with select insurance companies.
- Save with More Vehicles Insured - Having several vehicles on a single policy could earn a price break for each car.
- ABS Brakes - Cars, trucks, and SUVs with ABS and/or traction control have fewer accidents and will save you 10% or more on 500 insurance in Denver.
- Driver Safety - Taking time to complete a course that instructs on driving safety could save 5% or more and easily recoup the cost of the course.
As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Despite the appearance that all those discounts means the company will pay you, companies don't profit that way.
Some companies that may offer quotes with most of the discounts above may include but are not limited to:
If you are trying to find low cost Denver auto insurance quotes, ask each company which discounts you qualify for. A few discounts may not apply to policies in Denver.
How to find affordable Fiat 500 insurance in Denver, Colorado
Lowering your insurance rates is a fairly straight forward process. Just take a few minutes comparing rate quotes online with multiple companies.
Doing online rates comparisons is so easy that it makes it a waste of time to go to each insurance agency near you. Comparing Fiat 500 insurance rates online eliminates the middleman unless you prefer the trained advice that you can only get from talking to an agent. However, consumers can comparison shop your insurance online but buy from a local insurance agent.
The providers in the list below are ready to provide price comparisons in Colorado. If more than one company is shown, it's a good idea that you visit several of them to find the most affordable car insurance rates.
Tailor your auto insurance coverage to you
When buying adequate coverage for your personal vehicles, there isn't really a perfect coverage plan. Everyone's situation is a little different and your auto insurance should unique, too. These are some specific questions can help discover whether your personal situation could use an agent's help.
- How much will a speeding ticket raise my rates?
- Am I covered while delivering pizza?
- Is a new car covered when I drive it off the dealer lot?
- Does low annual mileage earn a discount?
- Should I buy additional glass protection?
- How do I buy GAP insurance?
- Does my insurance cover a custom paint job?
- Does my personal policy cover me when driving out-of-state?
If you're not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.
Compare prices but buy from a neighborhood Denver auto insurance agent
Certain consumers prefer to visit with an insurance agent and that is OK! Insurance agents can make sure you are properly covered and give you someone to call. One of the great benefits of comparing auto insurance online is you may find the lowest rates and still have an agent to talk to.
By using this form (opens in new window), your insurance coverage information is immediately sent to local insurance agents who will give you bids for your auto insurance coverage. It's much easier because you don't need to find an agent on your own as quotes are delivered straight to your inbox. If you want to get a rate quote from a specific company, just navigate to their website to submit a rate quote request.
Choosing an provider is decision based upon more than just a low price. Agents should be asked these questions:
- Do they review policy coverages at every renewal?
- Are claim adjusters local or do you have to take your car somewhere else?
- What is the financial rating for the quoted company?
- Can glass claims be handled at your home?
- Does the company use OEM repair parts?
- Can you use your own choice of collision repair facility?
- Do they see any coverage gaps in your plan?
- How long have they worked with personal auto insurance coverage?
If you are wanting to find a local Denver insurance agency, it can be helpful to understand the different agency structures and how they can write your policy. Auto insurance agents are considered either exclusive or independent. Both can provide auto insurance policies, but it's worth mentioning the difference in how they write coverage since it could factor into your agent selection.
Exclusive Insurance Agents
Agents in the exclusive channel are contracted to one company and some examples include Farmers Insurance or State Farm. They usually cannot provide rate quotes from other companies so it's a take it or leave it situation. These agents are usually quite knowledgeable on their company's products which helps them sell on service rather than price.
Listed below are Denver exclusive insurance agencies that are able to give rate quotes.
Independent Auto Insurance Agencies
Agents of this type are not locked into one company and that is an advantage because they can write policies with a variety of different insurance companies and get the cheapest rates. To transfer your coverage to a different company, the business is moved internally without you having to go to a different agency.
If you are comparing auto insurance prices, we recommend you get rate quotes from at least one independent agent so that you have a good selection of quotes to compare.
Below is a list of independent insurance agencies in Denver who can help you get comparison quotes.
Choosing Fiat 500 insurance is an important decision
Despite the fact that auto insurance is not cheap in Denver, buying auto insurance serves a purpose in several ways.
First, most states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific minimum amount of liability insurance coverage in order to get the vehicle licensed. 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 Fiat 500, more than likely the lender will require you to have insurance to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your Fiat at a more expensive rate and force you to pay much more than you were paying before.
Third, insurance protects your car and your assets. It will also provide coverage for all forms of medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are sued as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to have it repaired.
The benefits of carrying enough insurance more than offset the price you pay, particularly when you have a large claim. The average driver in America is wasting up to $825 a year so you should quote rates each time the policy renews to make sure the price is not too high.
Specific coverages for a Fiat 500
Having a good grasp of auto insurance can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverages available from auto insurance companies.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like ambulance fees, dental work, X-ray expenses and rehabilitation expenses. They are often utilized in addition to your health insurance plan or if you do not have health coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage
Liability insurance can cover damage or injury you incur to a person or their property in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/15 that means you have $25,000 in coverage for each person's injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $15,000 for damage to vehicles and property.
Liability coverage pays for things like legal defense fees, attorney fees, court costs, repair bills for other people's vehicles and structural damage. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but drivers should carry more liability than the minimum.
Collision insurance covers damage to your 500 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like colliding with another moving vehicle, sustaining damage from a pot hole, backing into a parked car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It's also possible to bump up the deductible on your 500 in order to get cheaper collision rates.
Comprehensive auto insurance
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like a tree branch falling on your vehicle, damage from getting keyed, theft, falling objects and rock chips in glass. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.
Coverage for uninsured or underinsured drivers
This coverage protects you and your vehicle's occupants when the "other guys" are uninsured or don't have enough coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Fiat 500.
Due to the fact that many Colorado drivers carry very low liability coverage limits (which is 25/50/15), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Cheaper coverage is out there
We just covered a lot of tips how to get a better price on Fiat 500 insurance in Denver. The key thing to remember is the more price quotes you have, the higher the chance of saving money. You may even discover the lowest priced auto insurance comes from the smaller companies. Some small companies can often provide lower prices in certain areas as compared to the big name companies such as Progressive or GEICO.
While you're price shopping online, it's not a good idea to reduce coverage to reduce premium. In many instances, someone dropped liability coverage limits only to find out that the small savings ended up costing them much more. Your goal should be to buy enough coverage at the best price while still protecting your assets.
Much more information about auto insurance in Colorado can be found at the links below
- Rental Reimbursement Coverage (Allstate)
- Who Has Cheap Auto Insurance Rates for a Dodge Journey in Colorado? (FAQ)
- Who Has Affordable Colorado Auto Insurance Rates for a Toyota Tacoma? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for a 20 Year Old Male in Colorado? (FAQ)
- Who Has the Cheapest Colorado Car Insurance Rates for Felons? (FAQ)
- Speed and Speed Limit FAQ (iihs.org)
- Anti-Lock Brake FAQ (iihs.org)