Want to know how to find low-cost Nissan Armada insurance in Colorado Springs? Expensive Nissan Armada insurance in Colorado Springs can stress out your accounts and force you to prioritize other expenses. Comparing price quotes is an excellent way to tighten up your finances.
A recent NerdWallet.com study revealed that most Colorado car insurance customers have been with the same company for over three years, and practically 40% of car insurance customers have never shopped around. U.S. drivers could save about $860 a year, but they just don't understand how much money they would save if they switched to a more affordable policy.
You have so many insurance companies to insure vehicles with, and although it's nice to be able to choose, lots of choices makes it harder to compare rates and find the lowest cost car insurance.
You need to quote other rates once or twice a year because car insurance prices are constantly changing. Even if you think you had the lowest rates on Nissan Armada insurance in Colorado Springs a couple years back a different company probably has better rate quotes today. Forget anything you know (or think you know) about car insurance because we're going to show you the best way to save on car insurance.
Why You Might Pay Inflated Rates in Colorado Springs
When buying car insurance it's important to understand the factors that go into determining the level of your policy premiums. When you understand what determines premiums, this allows you to make good choices that could result in lower premium levels.
Costs go up with performance - The type of car you need insurance for makes a big difference in your auto insurance rates. The lowest rates tend to be for lower cost passenger cars, but many other things help determine your insurance rates. Because the Nissan Armada is a standard SUV, insuring your vehicle will cost slightly more as compared to the average rate in Colorado Springs.
Deter car thieves - Owning a car with anti-theft technology or alarm system can save you a little every year. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart auto theft.
Youthful drivers cost more - Older, more experienced drivers tend to be more responsible, tend to cause fewer accidents, and are safer drivers.Inexperience drivers are statistically shown to be more careless when at the wheel of a vehicle so car insurance rates are higher.
Insure car and home with the same company - Most larger companies afford better rates for people who consolidate policies with them, otherwise known as a multi-policy discount. Even with this discount applied, you may still want to get quotes from other companies to help ensure you have the lowest rates. Drivers may still find lower rates by buying from different companies
Insurance loss statistics a Nissan Armada - Insurers factor in historical loss data to calculate a price that will offset losses. Models that have higher claim amounts or frequency will have a higher premium rate.
The next table shows the actual insurance loss data for Nissan Armada vehicles. For each policy coverage, the claim amount for all vehicles compiled together is equal to 100. Values that are below 100 suggest a better than average loss history, while values that are above 100 point to more losses or statistically larger losses.
Nissan Armada Insurance Claim Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Nissan Armada 4dr 2WD||94||104||93||106||87|
|Nissan Armada 4dr 4WD||123||120||109||91||69|
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Just keep in mind that quoting more increases the chance that you will find a lower rate than you're paying now. Some smaller insurers do not give online price quotes, so you need to compare rates from them as well.
The companies shown below offer price quotes in Colorado Springs, CO. If multiple companies are shown, it's highly recommended you compare several of them to get the most competitive price.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Armada SE 2WD||$190||$288||$298||$18||$90||$884||$74|
|Armada SE 4WD||$190||$340||$298||$18||$90||$936||$78|
|Armada Titanium 2WD||$378||$792||$404||$24||$120||$1,718||$143|
|Armada Titanium 4WD||$278||$496||$308||$18||$92||$1,192||$99|
|Armada Platinum 2WD||$162||$350||$338||$20||$102||$972||$81|
|Armada Platinum 4WD||$164||$288||$286||$16||$86||$840||$70|
|Get Your Own Custom Quote Go|
Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Estimates do not factor in garaging location in Colorado Springs which can increase or decrease premiums greatly.
Physical damage deductibles: Should you raise them?
The example below demonstrates how deductibles and can change Nissan Armada insurance prices for each different age group. The information is based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
Comparison of full coverage and liability-only policies
The example below illustrates the comparison of Nissan Armada insurance prices with full phyical damage coverage and with liability coverage only. The premiums are based on no driving violations, no at-fault accidents, $500 deductibles, married male driver, and no other discounts are factored in.
When to stop buying comprehensive and collision coverage
There is no definitive guideline that works best for making the decision to drop physical damage insurance, but there is a general guideline. If the annual cost of having full coverage is more than 10% of the vehicle's replacement cost less your deductible, then you might want to consider buying only liability coverage.
For example, let's assume your Nissan Armada replacement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company will settle for is $3,000 after you pay the deductible. If you are paying over $300 annually for your policy with full coverage, then you might want to consider buying only liability coverage.
There are some conditions where only buying liability is not a good plan. If you haven't satisfied your loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if you don't have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Auto insurance is not optional in Colorado
Despite the high cost of buying insurance for a Nissan Armada in Colorado Springs, buying auto insurance is required in Colorado but also provides important benefits.
First, the majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection if you want to drive legally. 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 have a lien on your Armada, it's most likely the lender will require that you have insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank may buy a policy for your Nissan for a lot more money and force you to pay for it.
Third, auto insurance preserves your car and your assets. It will also reimburse you for most medical and hospital costs for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney if anyone sues you for causing an accident. If you have damage to your Nissan as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your car greatly outweigh the cost, particularly for liability claims. As of last year, the average driver in Colorado is currently overpaying as much as $820 a year so it's recommended you shop around each time the policy renews to ensure rates are competitive.
Affordable rates with discounts
The cost of insuring your cars can be expensive, but you might find some hidden discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically when you get a quote, but some may not be applied and must be manually applied in order for you to get them.
- Anti-theft Discount - Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10% off your Colorado Springs car insurance quote.
- Bundle and Save - When you combine your homeowners and auto insurance and insure them with the same company you may save up to 20% and get you affordable Nissan Armada insurance rates in Colorado Springs.
- Active Military Service - Having a family member in the military could be rewarded with lower rates.
- Discounts for Federal Employees - Employees or retirees of the government could cut as much as 10% off depending on your insurance provider.
- Senior Citizen Discount - Mature drivers are able to get a small discount on rates.
Don't be surprised that most credits do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like medical payments or collision. So even though you would think you could get a free insurance policy, it doesn't quite work that way.
For a list of insurers that offer discounts in Colorado Springs, follow this link.
Get rate quotes but still have a local neighborhood Colorado Springs car insurance agent
Many drivers still prefer to get advice from a local agent and that is OK! A good thing about comparing rate quotes online is you can get the lowest rates but still work with a licensed agent.
To find an agent, once you fill out this form (opens in new window), your information is instantly submitted to local insurance agents in Colorado Springs that can give you free Colorado Springs car insurance quotes for your business. It simplifies rate comparisons since you won't have to contact any agents as quotes are delivered to your email. You can find lower rates and work with a local agent. If you wish to quote rates from a specific insurance company, you would need to visit that company's website and fill out their quote form.
Picking the best company should depend on more than just a cheap quote. A good agent in Colorado Springs will have answers to these questions.
- Does the quote include credit and driving reports?
- What insurance company do they write the most business with?
- Will one accident increase rates?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Are there any discounts for paying up front?
- How many companies do they write for?
If you're trying to find a reliable insurance agency, it can be helpful to understand the types of insurance agents and how they can service your needs differently. Agents in Colorado Springs can either be exclusive or independent (non-exclusive).
Exclusive insurance agents can only quote rates from one company such as State Farm, Allstate and AAA. They usually cannot compare rates from other companies so they have to upsell other benefits. These agents are very knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.
Shown below are exclusive agencies in Colorado Springs that can give you comparison quotes.
American Family Insurance - Michael Janzen Agency Inc.
1045 W Garden of the Gods Rd Ste M - Colorado Springs, CO 80907 - (719) 528-6387 - View Map
Independent Auto Insurance Agents
Agents that elect to be independent are not employed by any specific company and that gives them the ability to insure with a variety of different insurance companies and find you cheaper rates. If they find a lower price, they simply switch companies in-house without you having to go to a different agency.
When comparing auto insurance prices, we highly recommend that you include price quotes from at least one independent agent so that you can do a thorough price comparison.
Listed below are Colorado Springs independent insurance agencies that are able to give price quotes.
Cheaper auto insurance is a realistic goal
Cost effective Nissan Armada insurance is available online and also from your neighborhood Colorado Springs agents, and you need to price shop both in order to have the best price selection to choose from. A few companies do not provide price quotes online and most of the time these small insurance companies only sell coverage through independent agents.
We just presented a lot of tips how to reduce Nissan Armada insurance prices online in Colorado Springs. It's most important to understand that the more rate quotes you have, the better your chances of lowering your rates. You may even discover the lowest prices are with some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.
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