Comparing and finding low cost prices for auto insurance may be very difficult for drivers new to quoting and comparing rates online. People have so many agents and companies to choose from that it can turn into a difficult situation to lower your rates on auto insurance.

A study showed that most consumers kept buying from the same company for four years or more, and nearly the majority have never even compared rates from other companies. Greeley insurance shoppers could save themselves up to 35% a year, but they underestimate the large savings they would see if they bought a different policy.

Choosing the best insurance company for you in Greeley is actually not that difficult if you follow our advice. If you have coverage now, you will most likely be able to lower your rates using the techniques presented in this article. But Colorado drivers should learn the way companies sell insurance online and use this information to your advantage.

When quoting car insurance, remember that comparing a wide range of rates gives you a better chance of getting a better price. Not every company provides online quotes, so you should also compare prices on coverage from those companies, too.

The companies shown below have been selected to offer price quotes in Colorado. If more than one company is shown, it's a good idea that you get rates from several of them to find the lowest car insurance rates.

Insurance Rates for Popular Vehicles in Greeley
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Malibu LT $1,430 $715 $119
Chevrolet Silverado LS Crew Cab 2WD $1,214 $607 $101
Dodge Ram Crew Cab Laramie 2WD $1,410 $705 $118
Ford Escape XLT 4WD $930 $465 $78
Ford Explorer XLT AWD $1,102 $551 $92
Ford F-150 XL Super Cab 4WD $1,160 $580 $97
Ford Focus SES 4-Dr Sedan $1,114 $557 $93
Honda Accord LX-S 2-Dr Coupe $1,244 $622 $104
Honda CR-V LX 4WD $1,180 $590 $98
Honda Civic EX 4-Dr Sedan $1,432 $716 $119
Hyundai Sonata SE 4-Dr Sedan $1,692 $846 $141
Jeep Grand Cherokee Laredo 2WD $934 $467 $78
Kia Optima EX $1,538 $769 $128
Nissan Altima 3.5 SR 4-Dr Sedan $1,200 $600 $100
Toyota Camry SE $1,164 $582 $97
Toyota Corolla LE $1,132 $566 $94
Toyota Tacoma 4WD $788 $394 $66
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Premium costs do not factor in vehicle location which can affect auto insurance rates significantly.

Liability-only rates compared to full coverage

The chart below shows the comparison of Honda Pilot yearly insurance costs when comparing full coverage to liability only. The prices are based on a clean driving record, no claims, $500 deductibles, single male driver, and no other discounts are factored in.

Honda Pilot rates are for example purposes only. To get rates for your specific vehicle, click here.

When to drop comprehensive and collision

There isn't a steadfast formula of when to phase out comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.

For example, let's assume your Honda Pilot claim settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,000 after paying your policy deductible. If premiums are more than $400 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where buying only liability insurance is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not consider dropping full coverage.

Insurance rates by gender

The information below illustrates the difference between insurance costs for male and female drivers in Greeley. The data is based on no claims or driving citations, comprehensive and collision coverage, $250 deductibles, single marital status, and no discounts are taken into consideration on a Toyota Corolla S.

Toyota Corolla rates are for example purposes only. To get rate quotes for your specific vehicle, click here.

Drive responsibly or pay higher rates

The chart below highlights how speeding tickets and at-fault collisions raise Ford F-150 annual premium costs for different insured age categories. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.

Buying the right vehicle insurance in Colorado is an important decision

Despite the high cost, buying car insurance serves several important purposes.

The benefits of buying enough insurance greatly outweigh the cost, especially for larger claims. According to a 2015 survey, the average American driver overpays as much as $750 every year so it's very important to do a rate comparison at least once a year to ensure rates are competitive.

Brand name doesn't guarantee savings

Big name companies like Allstate and Progressive constantly bombard you with ads on television and other media. They all seem to state the claim that drivers will save a bundle if you just switch your auto insurance coverage to their company. How do they all make the same claim? It's all in how they say it.

All companies quote their best rates for the type of driver that will most likely be profitable. For instance, a desirable insured might be described as over the age of 45, has no claims, and has great credit. Any person who matches that profile will qualify for the lowest premium rates in Greeley and as a result will probably save if they switch.

Drivers who cannot meet these stringent criteria will get higher premium rates which results in the customer buying from a different company. The trick companies use is to say "people who switch" not "everyone that quotes" save the amount stated. That is how companies can make those claims. Because of this risk profiling, you need to do a quote comparison often. Because you never know which auto insurance company will provide you with the cheapest auto insurance in Greeley.

Car insurance quotes and discounts

Properly insuring your vehicles can get expensive, but there could be significant discounts that you may not even know about. Certain reductions will be credited when you get a quote, but less common discounts must be specially asked for before being credited. If you are not receiving all the discounts you qualify for, you're just leaving money on the table.Car insurance discounts

Policy discounts save money, but most discounts do not apply to the overall cost of the policy. A few only apply to individual premiums such as physical damage coverage or medical payments. Even though the math looks like you would end up receiving a 100% discount, it just doesn't work that way. But any discount should help lower the cost of coverage.

A list of car insurance companies and some of their more popular discounts can be found below.

If you need cheap Greeley car insurance quotes, ask every company which discounts you qualify for. Some of the discounts discussed earlier may not apply to policies in Greeley. To see a list of companies with discount car insurance rates in Colorado, click here.

Car insurance agents can help

Many drivers still prefer to sit down and talk to an agent and we recommend doing that An additional benefit of getting online price quotes is that drivers can save money and get the lowest rates but still work with a licensed agent.

Greeley insurance agentsTo find an agent, once you fill out this quick form, your coverage information is immediately sent to companies in Greeley who want to provide quotes for your coverage. You won't need to find an agent due to the fact that quote results will go to the email address you provide. You can find lower rates and work with a local agent. If you have a need to compare rates from a specific company, don't hesitate to navigate to their website to submit a rate quote request.

Selecting a company should include more criteria than just the premium amount. Any agent in Greeley should be forthright in answering these questions:

If you prefer to buy insurance from a local agent, it can be helpful to understand the different types of agencies and how they are slightly different. Greeley agents are either independent or exclusive depending on the company they work for.

Exclusive Agents

Exclusive insurance agents can only provide pricing for a single company such as AAA, Allstate, State Farm, or Farmers Insurance. They are unable to place coverage with different providers so always compare other rates. Exclusive agencies receive a lot of sales training on sales techniques which helps overcome the inability to quote other rates. Drivers often buy from the same agent for years mainly due to the brand rather than low price.

Independent Agencies or Brokers

Agents in the independent channel are not employed by one company so they can write business with a variety of different insurance companies and find the cheapest insurance rates. If your agent finds better pricing, the agent simply finds a different carrier which requires no work on your part.

When comparing insurance prices, it's recommended you get some free quotes from several independent agencies to maximize your price options. Many can place coverage with additional companies that you may not be familiar with which may have better rates.

Upon receiving good responses to any questions you may have as well as an affordable premium quote, chances are good that you have found an insurance agency that is professional and can adequately provide insurance.

Vehicle claim statistics

Which vehicles tend to have high claims? The statistics tables below list the best and worst vehicle models for likelihood of filing claims for each type of coverage listed.

Medical Payment Coverage Claims by Manufacturer Model
Lowest Claims Highest Claims
Ford F-250 SuperCrew Chrysler 200
Chevrolet Silverado 2500 Chevrolet Spark
Chevrolet Corvette Dodge Charger
Tesla Model S Hyundai Accent
Ford Expedition Kia Forte
Ford F-350 SuperCrew Chevrolet Sonic

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicle Make and Models with the Lowest and Highest Liability Insurance Claims
Lowest Claims Highest Claims
Mercedes-Benz SL Class Chrysler 200
Fiat 500 Chevrolet Impala
Audi A6 Chevrolet Cruze
Chevrolet Corvette Mitsubishi Lancer
Subaru Forester Kia Rio
Volvo XC60 Chevrolet Sonic

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicles with the Lowest and Highest Car Insurance Comprehensive Claims
Lowest Claims Highest Claims
Volvo V60 Porsche Panamera GTS
GMC Sierra 2500 Mercedes-Benz S Class
Nissan Xterra Maserati Quattroporte
Chevy Spark BMW M6
Infiniti QX50 Bentley Continental GTC
Smart ForTwo Bentley Continental GT

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Vehicles with the Lowest and Highest Collision Coverage Claims
Lowest Claims Highest Claims
Ford Edge BMW M6
Smart ForTwo Bently Continental GT
Ford F-250 SuperCab Ferrari 458
Mini Cooper BMW 6 Series
Nissan Xterra Audi RS7
GMC Canyon Maserati Ghibli

Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Find cheap rates by being thorough

Discount auto insurance in Greeley can be purchased online and with local Greeley insurance agents, and you should be comparing both to have the best rate selection. A few companies may not offer online price quotes and many times these smaller companies only sell coverage through local independent agencies.

As you shop your coverage around, don't be tempted to reduce coverage to reduce premium. In too many instances, an insured cut physical damage coverage and learned later that it was a big mistake. Your aim should be to buy enough coverage at the lowest possible cost while not skimping on critical coverages.

We just showed you some good ideas how to compare auto insurance rates in Greeley. It's most important to understand that the more companies you get car insurance rates for, the better your comparison will be. Consumers could even find that the best price on auto insurance is with the smaller companies.

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