Want more competitive Honda CR-Z insurance in Denver? Are you sick and tired of wondering where the money will come from to pay high auto insurance rates every month? You are in the same boat as many other Colorado drivers.
A recent survey discovered that the vast majority of consumers kept buying from the same company for over three years, and approximately 38% of consumers have never quoted rates to find lower-cost coverage. Many consumers in Denver could pocket roughly $605 a year, but they don't believe how much money they would save if they swap their current policy for a cheaper one.
There is such a variety of car insurance companies to purchase coverage from, and although it's a good thing to have a choice, lots of choices makes it harder to locate the cheapest rates for Honda CR-Z insurance in Denver.
Consumers should take time to compare prices once or twice a year due to the fact that insurance prices change frequently. If you had the best rates on Honda CR-Z insurance in Denver a year ago there may be better deals available now. Forget anything you know (or think you know) about auto insurance because you're about to find out how to quote online to eliminate unnecessary coverages and save money on Honda CR-Z insurance in Denver.
Buying the cheapest auto insurance in Denver is quite easy. In essence, every driver who has to buy auto insurance most likely will buy a cheaper policy. Nevertheless, Colorado drivers must comprehend how big insurance companies price online insurance and use it to find better rates.
Companies offering low-cost Honda CR-Z rates in Denver, CO
The companies shown below have been selected to offer free quotes in Denver, CO. If several companies are displayed, it's highly recommended you visit two to three different companies to get the best price comparison.
Determine discounts on Denver car insurance
Companies that sell car insurance don't always list the entire discount list in an easy-to-find place, so the list below gives a summary of both the well known and the harder-to-find credits available to you. If you're not getting every credit you deserve, you're just leaving money on the table.
- Paperwork-free - A handful of companies will provide an incentive for buying your policy on your computer.
- Claim-Free Discount - Drivers with accident-free driving histories can earn big discounts compared to insureds who have frequent claims or accidents.
- Multi-car Discount - Buying insurance for multiple cars with the same company could earn a price break for each car.
- Employee of Federal Government - Active or retired federal employment can earn a discount up to 10% with a few car insurance companies.
- Professional Organizations - Joining a qualifying organization can get you a small discount on your next renewal.
A little disclaimer on discounts, most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. So when it seems like all the discounts add up to a free policy, insurance companies wouldn't stay in business. Any amount of discount will positively reduce your car insurance premiums.
Some of the larger companies that may offer quotes with most of the discounts above may include but are not limited to:
When getting a coverage quote, ask each company which discounts you may be entitled to. Some discounts may not apply to policies in Denver. To see insurers offering car insurance discounts in Colorado, follow this link.
Buy Cheap Insurance with These Tips
Part of the insurance buying process is learning the rating factors that go into determining the price you pay for insurance. If you have a feel for what controls the rates you pay, this helps enable you to make changes that may result in big savings. Lots of factors are part of the calculation when quoting car insurance. Most are fairly basic such as your driving history, but others are more transparent like your continuous coverage and annual miles driven.
The list below includes some of the items insurance companies consider when setting your rates.
Advanced GPS tracking and theft deterrents - Choosing a vehicle with a theft deterrent system can save you some money. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent auto theft.
Raising comp and collision deductibles lowers costs - Physical damage protection, aka comp and collision, insures against damage to your Honda. Examples of some claims that would be covered would be a broken windshield, hail damage, or theft. Physical damage deductibles represent how much money you are willing to pay in the event of a claim. The higher the amount the insured has to pay upfront, the lower your rates will be.
Defend yourself with liability coverage - The liability section of your policy kicks in if ever a court rules you are at fault for damages from an accident. It will provide legal defense coverage which can cost thousands of dollars. Liability insurance is pretty cheap compared to insuring for physical damage coverage, so do not skimp.
Do you really need the add-on coverages? - There are many extra bells and whistles that can waste your money but may not be useful. Coverages for rental car reimbursement, towing coverage, and extra equipment coverage could be just wasting money. They may seem like a good idea when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
With age comes lower rates - Older insureds are more cautious drivers, file fewer claims, and get fewer tickets.Teenage drivers are known to get distracted easily when driving therefore insurance rates are much higher.
Discounts for married couples - Your spouse may earn you lower rates when buying insurance. It is viewed as being more stable financially it has been statistically shown that married drivers tend to have fewer serious accidents.
Insurance loss statistics a Honda CR-Z - Companies take into consideration historical loss data for every vehicle when they set coverage costs for each model. Vehicles that are shown to have a trend towards higher claims will have higher rates.
The table shown below demonstrates the compiled insurance loss statistics for Honda CR-Z vehicles. For each coverage category, the claim amount for all vehiclescombined as an average is set at 100. Values that are under 100 indicate better than average losses, while values over 100 indicate more frequent claims or statistically larger claims.
Insurance Loss Ratings for Honda CR-Z Vehicles
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Honda CR-Z Hybrid||106||87||83||98|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Do I need a local insurance agent?
A small number of people just want to buy from a licensed agent. An additional benefit of getting free rate quotes online is that you can find cheap car insurance quotes and still have a local agent.
By using this form (opens in new window), the coverage information is immediately sent to local insurance agents that provide free Denver auto insurance quotes to get your business. There is no reason to search for any insurance agencies because quoted prices will be sent to you. You'll get the best rates without the usual hassles of price shopping. If for some reason you want to get a rate quote for a specific company, don't hesitate to search and find their rate quote page and complete a quote there.
Choosing an insurer is decision based upon more than just the price. These are some valid questions you should ask.
- Do they specialize in personal lines coverage in Denver?
- Are you getting all the discounts the company offers?
- Is their price quote a firm figure or are their hidden costs?
- Does the company use OEM repair parts?
- Will their companies depreciate repairs to your car based on the mileage?
- Can glass claims be handled at your home?
- What insurance companies do they recommend if they are an independent agent?
When narrowing the list to find a reputable agency, there are two different agency structures and how they operate. Denver agents can be categorized as either exclusive or independent.
Exclusive Car Insurance Agents
Agents in the exclusive channel normally can only provide a single company's rates and examples are Farmers Insurance and State Farm. They usually cannot provide rate quotes from other companies so they really need to provide good service. Exclusive agents are well schooled on what they offer and that enables them to sell even at higher rates.
Shown below are Denver exclusive insurance agencies willing to provide price quote information.
Independent Agents (or Brokers)
Independent agents are not employed by any specific company so as a result can place your coverage through many different car insurance companies depending on which coverage is best. If they find a lower price, they simply switch companies in-house which is easy for the insured.
If you are comparing rate quotes, you will definitely want to check rates from several independent agencies so that you can do a thorough price comparison.
The following is a list of independent insurance agencies in Denver who can help you get price quotes.
If you feel you receive good answers to your questions as well as a affordable price, chances are good that you have found an insurance agency that is professional and can service your policy. It's important to know that you are entitled to terminate your policy at any point so don't feel you are locked into any specific company with no way to switch.
A little work can save a LOT of money
Some insurance companies do not offer the ability to get a quote online and usually these regional carriers prefer to sell through local independent agents. Cheap Honda CR-Z insurance in Denver is attainable online and from local agencies, so compare prices from both in order to have the best chance of saving money.
Throughout this article, we presented some good ideas how you can lower your Honda CR-Z insurance rates in Denver. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the best price on insurance is with a small mutual company. These companies may cover specific market segments cheaper than the large multi-state companies such as State Farm, GEICO and Nationwide.
As you restructure your insurance plan, don't be tempted to reduce coverage to reduce premium. There are a lot of situations where someone sacrificed uninsured motorist or liability limits only to discover later that it was a big mistake. Your goal should be to find the BEST coverage at the best possible price, but don't skip important coverages to save money.
Additional detailed information is available in the articles below:
- Speed and Speed Limit FAQ (iihs.org)
- Who Has Affordable Auto Insurance Quotes for Retired Military in Colorado? (FAQ)
- Who Has Affordable Auto Insurance Rates for a GMC Sierra in Colorado? (FAQ)
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- Warning systems don't curb driver distraction (Insurance Institute for Highway Safety)
- Uninsured Motorist Statistics (Insurance Information Institute)
- How do I File a Claim? (Insurance Information Institute)