Beginners to shopping for insurance coverage online might discover buying affordable Boulder car insurance is more work than they thought.
Sadly, most auto insurance buyers in Colorado renewed their policy with the same company for over three years, and almost 40% of drivers have never compared rates from other carriers. U.S. drivers could save $850 a year by just shopping around, but they just assume it takes a lot of time to compare rates online.
The fastest way that we advise to compare rate quotes is to know the fact most insurance companies participate in online systems to compare rate quotes. The only thing you need to do is give them some information like your credit rating estimate, which vehicles you own, driver ages, and whether you are married. Your information is then sent to multiple top-rated companies and you will get price comparisons within a short period of time.
To compare rates for your car now, click here and complete the quick form.
The providers in the list below have been selected to offer price quotes in Boulder, CO. If several companies are displayed, it's a good idea that you get price quotes from several of them to get the best price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Equinox LTZ AWD||$1,154||$577||$96|
|Chevrolet Impala LS||$922||$461||$77|
|Chevrolet Silverado LT Regular Cab 2WD||$1,326||$663||$111|
|Dodge Ram Crew Cab Sport 2WD||$1,410||$705||$118|
|Ford Edge SE 2WD||$862||$431||$72|
|Ford Escape XLS 2WD||$1,028||$514||$86|
|Ford F-150 XL Super Cab 4WD||$882||$441||$74|
|Ford Focus SES 4-Dr Sedan||$1,298||$649||$108|
|GMC Sierra SLE Extended Cab 4WD||$1,008||$504||$84|
|Honda Accord LX-P 4-Dr Sedan||$892||$446||$74|
|Honda CR-V EX-L 2WD||$1,046||$523||$87|
|Honda Civic EX 2-Dr Coupe||$1,156||$578||$96|
|Hyundai Elantra GLS Touring Station Wagon||$1,012||$506||$84|
|Hyundai Sonata SE 4-Dr Sedan||$1,188||$594||$99|
|Jeep Grand Cherokee SRT-8 4WD||$1,162||$581||$97|
|Nissan Altima 2.5 S 4-Dr Sedan||$956||$478||$80|
|Toyota Camry LE||$1,106||$553||$92|
|Toyota Corolla XLE||$1,280||$640||$107|
|Volkswagen Jetta S 4-Dr Sedan||$832||$416||$69|
|Get Your Own Custom Quote Go|
Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium costs do not factor in garaging location in Boulder which can change premium rates significantly.
Full coverage rates compared to liability-only
The information below visualizes the comparison of Honda Accord insurance costs with and without full coverage. The premium estimates are based on no accidents, no driving violations, $100 deductibles, single male driver, and no discounts are factored in.
Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.
When to drop comprehensive and collision
There is no specific rule of when to eliminate comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle's replacement cost less your deductible, then you may want to consider only buying liability coverage.
For example, let's pretend your Honda Accord claim settlement value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $3,000 after paying the physical damage deductible. If premiums are more than $300 a year for comprehensive and collision coverage, then you might consider buying liability only.
There are some situations where dropping full coverage is not a good plan. If you still have a loan on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should maintain full coverage.
Choosing vehicle insurance is an important decision
Despite the high cost of buying insurance in Boulder, maintaining insurance may be mandatory for several reasons.
- The majority of states have compulsory liability insurance requirements which means state laws require specific minimum amounts of liability insurance coverage if you don't want to risk a ticket. 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.
- If you took out a loan on your vehicle, it's guaranteed your bank will stipulate that you have full coverage to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the bank may buy a policy for your vehicle at a significantly higher premium and require you to pay much more than you were paying before.
- Insurance protects not only your vehicle but also your financial assets. Insurance will pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. Liability coverage, the one required by state law, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If you have damage to your vehicle as the result of the weather or an accident, your auto insurance policy will cover the damage repairs after a deductible is paid.
The benefits of insuring your vehicle more than offset the price you pay, particularly when you have a large claim. According to a survey of 1,000 drivers, the average driver overpays more than $800 each year so you should quote and compare rates at every policy renewal to save money.
Don't overlook these auto insurance discounts
Some companies don't always advertise every disount available in an easy-to-find place, so we break down some of the best known in addition to some of the lesser obvious savings tricks you should be using when you buy Boulder car insurance online. If you check and find you aren't receiving every discount possible, you could be paying more than you need to.
- Boulder Homeowners Discount - Owning a house in Boulder can save you money because it means you have a higher level of financial diligence.
- 55 and Retired - Seniors may qualify for a small discount on rates.
- Theft Deterrent System - Anti-theft and alarm system equipped vehicles are stolen with less frequency and therefore earn up to a 10% discount.
- Use Seat Belts - Forcing all vehicle occupants to buckle their seat belts could cut 10% or more off the PIP or medical payment premium.
- Accident Waiver - Not a discount per se, but certain companies permit an accident without getting socked with a rate hike if you are claim-free for a specific time period.
As a disclaimer on discounts, many deductions do not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like you could get a free auto insurance policy, nobody gets a free ride.
Larger auto insurance companies and a summarized list of policyholder discounts are:
- State Farm has savings for passive restraint, accident-free, good student, defensive driving training, driver's education, safe vehicle, and student away at school.
- Esurance may offer discounts for multi-policy, paid-in-full, online shopper, multi-car, claim free, and good student.
- Progressive offers discounts for online quote discount, online signing, multi-policy, continuous coverage, and good student.
- Liberty Mutual may have discounts that include hybrid vehicle, newly married, newly retired, multi-policy, multi-car, new vehicle discount, and new move discount.
- Auto-Owners Insurance policyholders can earn discounts including anti-theft, safe vehicle, teen driver, good student, mature driver, and safe driver.
- GEICO offers discounts including membership and employees, anti-theft, multi-vehicle, anti-lock brakes, military active duty, air bags, and emergency military deployment.
It's a good idea to ask each company the best way to save money. Depending on the company, some discounts may not apply everywhere. To view insurers that offer multiple discounts in Boulder, click here.
When to get professional advice
When it comes to choosing coverage, there isn't really a "perfect" insurance plan. Everyone's situation is a little different so your insurance needs to address that. Here are some questions about coverages that can help discover if your situation would benefit from an agent's advice.
- How much will a speeding ticket raise my rates?
- What is covered by UM/UIM coverage?
- Am I getting all the discounts available?
- Am I covered if I hit a deer?
- What is the difference between comprehensive and collision coverage?
- What if a claim settlement is too low?
- When should I not buy collision coverage?
If it's difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier
Find affordable auto insurance prices by comparing often
Affordable auto insurance in Boulder can be purchased on the web as well as from insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies do not provide internet price quotes and usually these small insurance companies work with local independent agents.
You just read many ideas to compare auto insurance premium rates in Boulder. The key thing to remember is the more price quotes you have, the better chance you'll have of finding inexpensive Boulder car insurance quotes. Consumers may even find the lowest priced auto insurance comes from a small mutual company. Regional companies may only write in your state and offer lower prices than the large multi-state companies such as Allstate or State Farm.
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