Do you need a better way to compare lower-priced Hyundai Equus insurance in Denver? Shopping for cheaper Equus insurance can seem complicated if you're new to online price comparisons. Don't let that stop you because using the internet to shop for Hyundai Equus insurance in Denver is actually quite easy.
A recent study showed that the vast majority of drivers kept buying from the same company for more than four years, and almost half have never even compared rates from other companies. Denver drivers could save as much as $605 each year by just comparing rate quotes, but they underestimate the big savings they would realize if they just switched companies.
You should take the time to compare premium rates before your policy renews because insurance prices are constantly changing. Just because you had the best price on Hyundai Equus insurance in Denver a year ago a different company probably has better rates today. Block out anything you think you know about auto insurance because you're going to learn the best methods to save money, get proper coverage and the best rates.
Pricing affordable insurance in Denver is not as hard as you may think. Virtually every vehicle owner who buys insurance should find a better price. But Colorado vehicle owners can benefit by having an understanding of the way insurance companies determine how much to charge because it varies considerably.
Affordable car insurance in Denver, CO
The providers in the list below provide free quotes in Colorado. If the list has multiple companies, it's highly recommended you compare several of them to get the best price comparison.
Smart Buyers Know How to Quote Auto Insurance Cheaper
An important part of buying insurance is that you know the rating factors that help calculate your premiums. If you know what controls the rates you pay, this allows you to make educated decisions that can earn you better auto insurance rates. Many factors are part of the calculation when pricing auto insurance. Some are obvious such as your driving history, although others are less obvious like your continuous coverage or your vehicle rating.
Don't get traffic citations - Good drivers pay lower auto insurance prices as compared to careless drivers. Even one ticket could increase your next policy renewal twenty percent or more. Drivers who have gotten license-revoking tickets such as hit and run, DWI or reckless driving convictions may be required to complete a SR-22 to the state department of motor vehicles in order to legally drive a vehicle.
Costs are affected by your address - Residing in small towns and rural areas can be a good thing when insuring your vehicles. Fewer drivers translates into fewer accidents and lower theft and vandalism rates. People in densely populated areas have more auto accidents and a longer drive to work. The longer drive time can result in more accidents.
Lower rates with a multi-policy discount - Some auto insurance companies provide a discount to buyers that have more than one policy such as combining an auto and homeowners policy. The amount of the discounts can be 10 percent or more. Even if you qualify for this discount already, you still need to shop around to verify if the discount is saving money.
Low credit history equals high costs - A driver's credit score is a big factor in calculating your premium rate. People that have good credit tend to be better drivers and file fewer claims as compared to drivers with poor credit scores. So if your credit history leaves room for improvement, you could save money insuring your Hyundai Equus by repairing your credit.
Too many policy claims and you'll pay more - If you file claims often, you shouldn't be surprised to get much higher rates or policy non-renewal. Car insurance companies in Colorado give better rates to policyholders who file claims infrequently. Auto insurance is intended for larger claims.
Higher premiums for auto insurance lapses - Driving your car without having proper coverage can get you a ticket and you will pay a penalty because you let your insurance lapse for non-payment. Not only will rates go up, the inability to provide proof of insurance might get you fines and jail time.
Insurance losses for a Hyundai Equus - Car insurance companies use claims history when setting premium rates. Vehicles that statistically have higher number or severity of losses will be charged more to insure.
The next table illustrates the actual insurance loss data for Hyundai Equus vehicles. For each policy coverage, the loss probablilty for all vehicles, regardless of make or model, is represented as 100. Percentage numbers below 100 suggest a better than average loss history, while numbers that are greater than 100 indicate a higher chance of having a claim or an increased chance of a larger loss.
Insurance Loss Ratings for Hyundai Equus Vehicles
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Hyundai Equus 4dr||155||83||225||85|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Save money on Hyundai Equus insurance in Denver with these discounts
Auto insurance companies do not advertise all available discounts very well, so the next list breaks down both well-publicized as well as some of the hidden credits available to you.
- Pay Upfront and Save - By making one initial payment instead of making monthly payments you could save 5% or more.
- Good Student - Excelling in school can earn a discount of 20% or more. Most companies allow this discount up until you turn 25.
- Multi-Vehicle Discounts - Buying a policy with multiple cars or trucks with the same company could earn a price break for each car.
- Student Driver Training - It's a good idea to have your young drivers successfully take a driver's education course if offered at their school.
- Fewer Miles Equal More Savings - Low mileage vehicles could earn slightly better rates than normal.
- College Student - Any of your kids who live away from home at college and do not take a car to college may be insured at a cheaper rate.
- Accident-Free Discounts - Denver drivers who stay claim-free can save substantially compared to accident-prone drivers.
A quick disclaimer, most credits do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though you would think having all the discounts means you get insurance for free, it just doesn't work that way.
A few of the larger companies and their offered discounts are outlined below.
- State Farm policyholders can earn discounts including safe vehicle, defensive driving training, passive restraint, good student, Drive Safe & Save, and driver's education.
- American Family offers discounts including good student, mySafetyValet, air bags, good driver, and Steer into Savings.
- AAA discounts include good driver, education and occupation, anti-theft, multi-car, pay-in-full, and AAA membership discount.
- GEICO may have discounts that include anti-lock brakes, air bags, multi-policy, seat belt use, and federal employee.
- Mercury Insurance has discounts for annual mileage, professional/association, good student, low natural disaster claims, good driver, accident-free, and ease of repair.
- Farmers Insurance has savings for multi-car, mature driver, good student, electronic funds transfer, pay in full, and bundle discounts.
- Progressive includes discounts for good student, online signing, multi-vehicle, multi-policy, homeowner, and continuous coverage.
Before you buy a policy, ask each company which discounts they offer. Some discounts listed above might not apply in Denver. To locate insurance companies with significant discounts in Denver, click this link.
Are auto insurance agents used anymore?
Certain consumers would rather visit with an insurance agent and that can be a smart move One of the benefits of getting free rate quotes online is that you can obtain better rates and still choose a local agent. And buying from small agencies is important especially in Denver.
After completing this short form, your insurance coverage information is emailed to local insurance agents in Denver who will give you bids for your coverage. You won't even need to contact any agents since rate quotes are delivered instantly to you. It's the lowest rates without the usual hassles of price shopping. In the event you want to compare prices for a specific company, you just need to navigate to their website and submit a quote form there.
If you want to use local Denver agents, there are a couple of different types of agencies and how they operate. Insurance policy providers can either be independent agents or exclusive agents depending on their employer.
Independent Agents (or Brokers)
Agents that choose to be independent can quote rates with many companies and that gives them the ability to insure amongst many companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, an independent agent can move your coverage and the insured can keep the same agent. When comparing rates, it's a good idea to include multiple independent agents for the best price selection. Many write coverage with mutual insurance companies which can be an advantage.
Featured below are independent insurance agents in Denver that may be able to provide price quotes.
- Aspen Insurance Agency
2238 S Broadway - Denver, CO 80210 - (303) 777-2991 - View Map
- All Insurance Agency
67 Knox Ct - Denver, CO 80219 - (303) 935-3661 - View Map
- L A Insurance
2684 S Broadway - Denver, CO 80210 - (303) 282-8000 - View Map
Exclusive Insurance Agencies
Exclusive agents are contracted to one company such as State Farm, Allstate, and Farm Bureau. They usually cannot give you multiple price quotes so always compare other rates. Exclusive agents receive extensive training on their products and sales techniques which aids in selling service over price. Many people buy from the same agent for years partially due to high brand loyalty instead of buying on price only.
Listed below are Denver exclusive agencies willing to provide rate quotes.
- Don Middleton - State Farm Insurance Agent
1900 Wazee St #1538 - Denver, CO 80202 - (303) 595-5500 - View Map
- Tiffany Meidinger - State Farm Insurance Agent
1100 Acoma St - Denver, CO 80204 - (720) 508-8760 - View Map
- Kelly Wells - State Farm Insurance Agent
1855 S Pearl St Ste 100 - Denver, CO 80210 - (303) 862-4579 - View Map
Finding the right insurance agency should include more criteria than just the quoted price. These are some questions you should get answers to.
- What discounts might you be missing?
- Do they specialize in personal lines coverage in Denver?
- Do the coverages you're quoting properly cover your vehicle?
- Do they make recommendations based only on price?
- How is replacement cost determined on your vehicle?
Do you really save 40% when you switch?
Well-known auto insurance companies like State Farm, Allstate and GEICO seem to constantly run ads on television and other media. All the ads tend to make the same promise of big savings if you change your coverage. But how can every company make almost identical claims? It's all in the words they use.
Auto insurance companies have specific guidelines for the type of customer they prefer to insure. For instance, a profitable customer might be described as a mature driver, insures multiple vehicles, and drives less than 10,000 miles a year. Any new insured that meets those criteria gets the lowest rates and have a good chance to pay quite a bit less when switching companies.
Potential customers who do not fit these stringent criteria will see higher prices and ends up with business going elsewhere. If you listen closely, the ads state "people who switch" not "everyone who quotes" will save that much if they switch. That is how companies can advertise the way they do.
This really illustrates why it's extremely important to compare rate quotes every year. It's not possible to predict which company will fit you best based on your risk profile.
Your situation helps dictate your coverage
When it comes to proper insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone's situation is a little different.
These are some specific questions may help you determine if you may require specific advice.
- How much will a speeding ticket raise my rates?
- Can I cancel at any time?
- Is my Hyundai Equus covered for smoke damage?
- When should I have rental car coverage?
- What does medical payments cover?
- Is pleasure use cheaper than using my Hyundai Equus to commute?
- How do I buy GAP insurance?
- Who is covered by my policy?
- Is there coverage for my trailer?
- Is pet coverage available?
If you don't know the answers to these questions but you know they apply to you, then you may want to think about talking to a licensed agent. If you don't have a local agent, take a second and complete this form.
Don't give up on cheap rates
Cheaper auto insurance in Denver can be found online in addition to many Denver insurance agents, and you should be comparing both to have the best chance of lowering rates. Some auto insurance companies don't offer the ability to get quotes online and most of the time these smaller companies only sell coverage through independent agencies.
As you go through the steps to switch your coverage, it's very important that you do not skimp on coverage in order to save money. There are many occasions where someone sacrificed full coverage only to discover later they didn't have enough coverage. The ultimate goal is to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.
We've covered some good ideas how you can get a better price on Hyundai Equus insurance in Denver. The key thing to remember is the more you quote Denver auto insurance, the better your chances of lowering your car insurance rates. You may even be surprised to find that the biggest savings come from a small mutual company.
Much more information about auto insurance in Colorado can be read on the following sites: