Tired of robbing Peter to pay Paul to make your auto insurance payment? You are no different than many other Colorado consumers.

A recent auto insurance study discovered that a large majority of drivers kept buying from the same company for well over three years, and about 40% of consumers have never taken the time to shop around. American drivers could save approximately $850 a year by just comparing rate quotes, but they don't understand how simple it is to shop their coverage around.

Insurance companies such as Progressive, State Farm and GEICO constantly blast consumers with ad campaigns and it is difficult to see past the geckos and flying pigs and effectively compare rates to find the best deal.

If you have coverage now, you should be able to buy cheaper car insurance using the concepts you're about to learn. Locating the best insurance company for you in Lafayette is quite easy if you know the best way to do it. Although Colorado consumers must comprehend how big insurance companies determine how much to charge and use it to your advantage.

Auto insurance companies in Colorado

The companies shown below offer price comparisons in Lafayette, CO. If multiple companies are shown, we recommend you click on several of them to find the most competitive auto insurance rates.

Insurance Rates for Popular Vehicles in Lafayette
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LS $946 $473 $79
Chevrolet Silverado LT Extended Cab 2WD $1,220 $610 $102
Dodge Grand Caravan Hero $1,090 $545 $91
Dodge Ram Crew Cab TRX 2WD $1,066 $533 $89
Ford Edge SEL AWD $960 $480 $80
Ford Escape XLT 2WD $938 $469 $78
Ford F-150 Lariat Crew Cab Platinum 4WD $1,144 $572 $95
Ford Focus SE 4-Dr Sedan $1,006 $503 $84
Honda Accord LX-P 4-Dr Sedan $1,272 $636 $106
Honda CR-V EX 4WD $920 $460 $77
Honda Civic EX 2-Dr Coupe $1,200 $600 $100
Honda Odyssey Touring $1,186 $593 $99
Nissan Altima 3.5 SR 2-Dr Coupe $1,676 $838 $140
Nissan Rogue SL 2WD $1,178 $589 $98
Toyota Camry Hybrid $1,180 $590 $98
Toyota Corolla XLE $976 $488 $81
Toyota Tacoma X-Runner 2WD $1,104 $552 $92
Volkswagen Jetta SE 4-Dr Sedan $1,522 $761 $127
Get Your Own Custom Quote Go

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Prices do not factor in specific zip code location which can affect rates significantly.

Male drivers compared to female drivers in Lafayette

The illustration below compares insurance costs for male and female drivers in Lafayette. The prices are based on no claims or violations, comprehensive and collision coverage, $250 deductibles, marital status is single, and no discounts are applied to the premium on a Kia Optima EX.

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

Insurance policy discounts you can't miss

The price of auto insurance can be rather high, but you might already qualify for some discounts that could help you make your next renewal payment. Some of these discounts will be visible when you purchase, but some discounts are required to be asked for in order for you to get them.Insurance discounts

We need to note that most discount credits are not given to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. Just because it seems like it's possible to get free car insurance, companies wouldn't make money that way. Any qualifying discounts will cut your overall bill.

For a list of companies that offer discounts in Colorado, click here.

Situations that may require an agent's advice

Always keep in mind that when comparing a policy, there is no single plan that fits everyone. Each situation is unique.Auto insurance savings

For instance, these questions can help discover if your insurance needs might need professional guidance.

If you're not sure about those questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form.

Insurance agent or online?

Many people still like to sit down and talk to an agent. A nice benefit of comparing auto insurance online is the fact that you can find lower rates and still choose a local agent. And supporting neighborhood agents is definitely important in Lafayette.

Insurance agency in LafayetteBy using this simple form, the coverage information is immediately sent to agents in your area who can give free rate quotes and help you find cheaper coverage. You don't have to contact any agents since price quotes are sent to you. You can find the lowest rates and a licensed agent to talk to. If for some reason you want to get a rate quote from a specific company, you just need to visit that company's website and complete a quote there.

Finding the right company is decision based upon more than just a cheap price quote. The following questions are important to ask.

If you feel you receive positive responses to any questions you have as well as cheaper Lafayette auto insurance quotes, most likely you have located an insurer that can be trusted to properly insure your vehicles.

Save $460 a year! What?

Allstate and Progressive consistently run ads on TV and radio. They all state the claim that drivers can save some big amount just by switching your insurance coverage to their company. How do they all sell you cheaper insurance coverage? Just pay attention to how they say it.

All the different companies are able to cherry pick for the type of driver they prefer to insure. For example, a profitable customer should be a married male, has few claims, and the vehicle is rated for pleasure use. Any driver who matches those parameters will qualify for the lowest prices in Lafayette and will also cut their insurance rates if they switch.

Insureds who fall outside those standards may be required to pay higher premium rates which leads to the customer not buying. If you listen to the ad wording, they say "customers who switch" not "everyone that quotes" save money. This is how insurance companies can advertise the way they do.

This really drives home the point why you should compare price quotes frequently. It is impossible to predict which company will fit your personal profile best.

Auto insurance 101

Understanding the coverages of a auto insurance policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

UM/UIM (Uninsured/Underinsured Motorist) coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle's damage.

Due to the fact that many Colorado drivers only purchase the least amount of liability that is required (Colorado limits are 25/50/15), it doesn't take a major accident to exceed their coverage limits. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Liability auto insurance

Liability coverage will cover damage that occurs to a person or their property by causing an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/15 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $15,000. Some companies may use a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as loss of income, funeral expenses and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford. Colorado requires minimum liability limits of 25/50/15 but you should consider buying better liability coverage.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like doctor visits, chiropractic care, EMT expenses and funeral costs. They are used in conjunction with a health insurance program or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Collision protection

This coverage covers damage to your vehicle from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as rolling your car, damaging your car on a curb, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Comprehensive auto coverage

Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, hail damage, damage from getting keyed and damage from a tornado or hurricane. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle's value is low consider dropping full coverage.

Car insurance claim information

Which makes and models have the fewest claims? The following claim statistics list the highest and lowest cars and trucks for the probability of having claims for each type of coverage listed.

Liability Insurance Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Subaru Outback Kia Rio
Fiat 500 Chevrolet Cruze
Chevrolet Corvette Kia Optima
Subaru Forester Mitsubishi Lancer
Audi A6 Chevrolet Sonic
Volvo XC60 Chrysler 200

Statistics from IIHS.org for 2013-2015 Model Years

Medical Payment Insurance Claims by Vehicle Make and Model
Lowest Overall Losses Highest Overall Losses
Chevrolet Silverado 2500 Nissan Versa
Tesla Model S Mitsubishi Lancer
Chevrolet Silverado 3500 Nissan Sentra
Ford F-350 SuperCrew Chrysler 200
Chevrolet Corvette Mitsubishi Mirage
Audi A4 Allroad Hyundai Accent

Statistics from IIHS.org for 2013-2015 Model Years

Vehicles with the Lowest and Highest Collision Coverage Claims
Lowest Overall Losses Highest Overall Losses
Jeep Wrangler Ferrari 458
Mini Cooper Bentley Continental Flying Spur
Nissan Xterra BMW 6 Series
Ford F-250 SuperCab Maserati Granturismo
Chevrolet Colorado Bently Continental GT
GMC Canyon BMW M6

Statistics from IIHS.org for 2013-2015 Model Years

Comprehensive Insurance Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Chevy Spark Maserati Granturismo
Infiniti QX50 BMW M6
Nissan Xterra Bentley Continental GTC
Nissan Leaf Maserati Quattroporte
Ford F-350 Audi S7
Smart ForTwo Mercedes-Benz S Class

Statistics from IIHS.org for 2013-2015 Model Years

Compare but don't skimp

We just presented many ways to compare car insurance auto insurance rates in Lafayette. It's most important to understand that the more providers you compare, the better your comparison will be. You may even discover the best price on car insurance is with the smaller companies.

Lower-priced car insurance in Lafayette is attainable online and with local Lafayette insurance agents, and you should be comparing both to have the best rate selection. Some car insurance companies may not have online rate quotes and many times these small, regional companies provide coverage only through independent agents.

Consumers leave their current company for a number of reasons such as questionable increases in premium, policy cancellation, an unsatisfactory settlement offer and unfair underwriting practices. It doesn't matter why you want to switch finding a new car insurance company is easier than you think.

Additional detailed information is located in the articles below: