Having to pay for high-priced Chevrolet Avalanche insurance in Colorado Springs can sap your checking account and make it hard to pay other bills.

Insurance rates Chevy Avalanche in Colorado SpringsStatistics show that a large majority of consumers have been with the same company for over three years, and about 40% of consumers have never shopped around. With the average premium in Colorado being $1,800, drivers could save themselves as much as 35% a year just by getting comparison quotes, but most just don't grasp the amount of money they would save if they moved their coverage to a different company.

Because there are so many different company options, it's difficult to choose a more affordable insurance company.

It's a good habit to do rate comparisons occasionally since insurance prices fluctuate regularly. Even if you got the best rates on Chevy Avalanche insurance in Colorado Springs a couple years back a different company probably has better premium rates today. Ignore everything you know about car insurance because we're going to demonstrate the tricks you need to know to reduce your cost while improving coverage.

These techniques will let you in on how car insurance companies work and how to save the most money. If you are insured now, you will surely be able to find better prices using these techniques. But Colorado drivers should learn the way insurance companies determine premium rates and apply this information to your search.

Insurance discounts help lower rates for Chevy Avalanche insurance in Colorado Springs

Companies offering auto insurance don't always publicize every available discount in an easy-to-find place, so the list below contains both the well known and the harder-to-find credits that you can use to lower your rates.

Don't be shocked that most credits do not apply to all coverage premiums. Most cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like all those discounts means the company will pay you, it's just not the way it works.

Companies that may have these benefits include:

If you need affordable Chevrolet Avalanche insurance quotes, ask all companies you are considering which credits you are entitled to. Some discounts might not apply in Colorado Springs. If you would like to view providers offering insurance discounts in Colorado, click here.

Just keep in mind that comparing more prices will enable you to find better pricing. Not every company allows you to get Colorado Springs Avalanche insurance quotes online, so you also need to get prices from the smaller companies as well.

The companies in the list below can provide price comparisons in Colorado. If multiple companies are shown, we recommend you visit two to three different companies in order to get a fair rate comparison.

Chevrolet Avalanche Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalanche LS 2WD $190 $288 $440 $26 $132 $1,076 $90
Avalanche LT 2WD $276 $534 $592 $36 $178 $1,616 $135
Avalanche LS 4WD $266 $546 $422 $24 $126 $1,384 $115
Avalanche LT 4WD $264 $556 $496 $30 $148 $1,494 $125
Avalanche LTZ 2WD $326 $630 $496 $30 $148 $1,630 $136
Avalanche LTZ 4WD $294 $528 $496 $30 $148 $1,496 $125
Get Your Own Custom Quote Go

Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Estimates do not factor in your specific Colorado Springs location which can lower or raise prices substantially.

Does it make sense to buy full coverage?

The chart below examines Chevrolet Avalanche insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The data assumes no claims, a clean driving record, $1,000 deductibles, single female driver, and no policy discounts are applied.

Deciding between full coverage and liability only

There is no clear-cut rule of when to eliminate physical damage coverage, but there is a guideline you can use. If the yearly cost of full coverage is 10% or more of replacement cost minus your deductible, then it's probably a good time to buy liability coverage only.

For example, let's say your Chevrolet Avalanche replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $3,000 after the deductible is paid. If you are paying more than $300 annually for your policy with full coverage, then you might consider buying liability only.

There are some scenarios where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should not eliminate full coverage.

Auto insurance deductibles

The hardest decision when buying coverage is how high should the deductibles for physical damage be. The following tables help summarize the cost difference when you buy lower versus higher policy deductibles. The first table uses a $100 deductible for physical damage and the second price grid uses a $1,000 deductible.

Chevrolet Avalanche insurance rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalanche LS 2WD $342 $546 $440 $26 $132 $1,511 $126
Avalanche LT 2WD $342 $644 $440 $26 $132 $1,609 $134
Avalanche LS 4WD $342 $644 $440 $26 $132 $1,609 $134
Avalanche LT 4WD $342 $644 $440 $26 $132 $1,609 $134
Avalanche LTZ 2WD $380 $644 $440 $26 $132 $1,647 $137
Avalanche LTZ 4WD $380 $644 $440 $26 $132 $1,647 $137
Get Your Own Custom Quote Go
Chevrolet Avalanche insurance rates with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Avalanche LS 2WD $190 $288 $440 $26 $132 $1,076 $90
Avalanche LT 2WD $190 $340 $440 $26 $132 $1,128 $94
Avalanche LS 4WD $190 $340 $440 $26 $132 $1,128 $94
Avalanche LT 4WD $190 $340 $440 $26 $132 $1,128 $94
Avalanche LTZ 2WD $210 $340 $440 $26 $132 $1,148 $96
Avalanche LTZ 4WD $210 $340 $440 $26 $132 $1,148 $96
Get Your Own Custom Quote Go

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Rate information does not factor in Colorado Springs location which can influence insurance rates noticeably.

Using the data above, we can ascertain that using a $100 deductible would cost the average driver about $40 more each month or $480 for a full year than opting for the higher $1,000 deductible. Because you would be required to pay $900 more if you turn in a claim with a $1,000 deductible as compared to a $100 deductible, if you normally go at least 23 months between claim filings, you would probably come out ahead if you choose the higher deductible.

Do I need an agent?

Many drivers still prefer to sit down and talk to an agent and that is just fine! One of the great benefits of getting free rate quotes online is that you can obtain lower rates and still have a local agent. Buying from local agencies is definitely important in Colorado Springs.

Insurance agency in Colorado SpringsTo help locate an agent, after submitting this short form, the quote information is transmitted to participating agents in Colorado Springs that give free quotes to get your business. You never need to leave your computer because prices are sent directly to you. You'll get the best rates and a licensed agent to talk to. If you want to quote rates from a specific company, just jump over to their website and complete a quote there.

Exclusive or Independent: There is a difference

When researching a reputable insurance agent or broker, you need to know there are two types of agencies and how they can write your policy. Insurance agents in Colorado Springs can be described as either independent (non-exclusive) or exclusive.

Independent Insurance Agencies

Independent agents do not sell for just one brand so they can write business with lots of companies and get you the best rates possible. If you are not satisfied with one company, your agent can just switch to a different company and the insured can keep the same agent. If you need lower rates, we highly recommend that you get several quotes from a few independent agents to maximize your price options.

Below are independent agents in Colorado Springs that can possibly get you free insurance quotes.

3485 Academy Blvd N Ste 101 - Colorado Springs, CO 80917 - (719) 599-9494 - View Map

5585 Erindale Dr #107 - Colorado Springs, CO 80918 - (719) 528-1884 - View Map

6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map

View more Colorado Springs agents

Exclusive Insurance Agents

Exclusive agencies can only provide one company's prices such as State Farm or Allstate. Exclusive agents are unable to shop your coverage around so they are skilled at selling on more than just price. They are usually well trained on their company's products which helps them compete with independent agents.

Shown below is a list of exclusive insurance agencies in Colorado Springs that can give you price quote information.

1045 W Garden of the Gods Rd Ste M - Colorado Springs, CO 80907 - (719) 528-6387 - View Map

Ross Silva Agency - American Family Insurance
2746 E Bijou St - Colorado Springs, CO 80909 - (719) 597-2800 - View Map

24 S Weber St #135 - Colorado Springs, CO 80903 - (719) 572-5938 - View Map

View more Colorado Springs agents

Deciding on an insurance agency shouldn't rely on just the bottom line cost. Get answers to these questions too.

Auto insurance just makes sense

Despite the high insurance cost for a Chevy Avalanche in Colorado Springs, insurance may not be optional for several reasons.

First, most states have compulsory liability insurance requirements which means state laws require a specific level 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.

Second, if you bought your Chevy Avalanche with a loan, most banks will make it a condition of the loan that you carry insurance to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the bank or lender will purchase a policy for your Chevy at a much higher premium rate and make you pay for the expensive policy.

Third, insurance safeguards both your vehicle and your assets. It will also reimburse you for most medical and hospital costs incurred in an accident. Liability coverage also covers legal expenses in the event you are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of having insurance more than offset the price you pay, specifically if you ever have a liability claim. But the average driver in Colorado is overpaying more than $750 every year so smart consumers compare quotes each time the policy renews to save money.

The coverage is in the details

Knowing the specifics of auto insurance can be of help when determining which coverages you need for your vehicles. Auto insurance terms can be confusing and coverage can change by endorsement. Listed below are the usual coverages found on the average auto insurance policy.

UM/UIM (Uninsured/Underinsured Motorist) coverage - Uninsured or Underinsured Motorist coverage gives you protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Chevy Avalanche.

Since a lot of 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. So UM/UIM coverage should not be overlooked. Normally the UM/UIM limits are identical to your policy's liability coverage.

Medical payments and PIP coverage - Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for things like doctor visits, hospital visits and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay

Comprehensive auto coverage - This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as damage from flooding, hitting a bird and hitting a deer. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle's value it's probably time to drop comprehensive insurance.

Liability coverages - This coverage protects you from injuries or damage you cause to a person or their property that is your fault. It protects YOU against other people's claims, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/15 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage pays for claims like bail bonds, medical expenses, structural damage and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but you should buy as high a limit as you can afford. Colorado requires drivers to carry at least 25/50/15 but it's recommended drivers buy more coverage.

Collision - Collision coverage pays for damage to your Avalanche resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for things such as crashing into a ditch, hitting a mailbox, rolling your car, colliding with a tree and crashing into a building. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible on your Avalanche to save money on collision insurance.

Smart shoppers get results

A few companies don't offer online rate quotes and most of the time these regional insurance providers only sell coverage through independent insurance agents. Lower-priced Chevy Avalanche insurance in Colorado Springs is possible both online in addition to many Colorado Springs insurance agents, and you need to comparison shop both in order to have the best price selection to choose from.

We just showed you quite a bit of information on how to compare Chevy Avalanche insurance prices in Colorado Springs. It's most important to understand that the more companies you get rates for, the better chance you'll have of finding low cost Colorado Springs auto insurance quotes. You may even find the most savings is with a small local company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.

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