Do you want a faster way to compare more competitive car insurance rates in Erie, CO? Erie drivers have lots of choices when trying to find low-cost car insurance. You can either spend your time calling around trying to get quotes or save time using the internet to make rate comparisons.

There is a right way and a wrong way to compare car insurance rates and you need to know the proper way to get price quotes for a new or used and locate the lowest possible price.

You should make it a habit to compare rates quite often since prices are usually higher with each renewal. Just because you found the lowest price on car insurance last year you will most likely find a better rate today. Forget all the misinformation about car insurance because we're going to show you how to use online quotes to find better rates and still maintain coverage.

These tips will familiarize you with the best way to buy inexpensive insurance and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to buy cheaper insurance using the ideas you're about to read. Vehicle owners just have to know the tricks to compare rate quotes from many different companies.

The companies shown below provide quotes in Erie, CO. If the list has multiple companies, it's a good idea that you visit as many as you can in order to get a fair rate comparison.

Insurance Cost Estimates for Popular Vehicles in Erie
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Impala LTZ $1,312 $656 $109
Chevrolet Silverado LT Extended Cab 4WD $832 $416 $69
Dodge Grand Caravan Hero $1,394 $697 $116
Dodge Ram Crew Cab TRX 2WD $910 $455 $76
Ford Escape XLT 4WD $1,054 $527 $88
Ford F-150 STX Super Cab 2WD $858 $429 $72
Ford Focus SES 4-Dr Sedan $1,268 $634 $106
Ford Fusion Sport AWD 4-Dr Sedan $1,452 $726 $121
GMC Sierra SL Extended Cab 2WD $1,244 $622 $104
Honda Accord LX 4-Dr Sedan $796 $398 $66
Honda CR-V EX 4WD $836 $418 $70
Honda Civic LX 2-Dr Coupe $1,136 $568 $95
Hyundai Sonata SE 4-Dr Sedan $1,342 $671 $112
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $936 $468 $78
Kia Optima SX $1,354 $677 $113
Nissan Altima 3.5 SR 2-Dr Coupe $1,240 $620 $103
Nissan Rogue SL 2WD $1,004 $502 $84
Toyota Camry SE $1,312 $656 $109
Toyota Corolla S $860 $430 $72
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Prices above based on single male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rate information does not factor in the specific area where the vehicle is garaged which can impact premium rates noticeably.

Auto insurance premiums by gender

The information below illustrates the comparison of insurance rates for male and female drivers in Erie. The rate quotes are based on no claims, a clean driving record, comprehensive and collision coverage, $1,000 deductibles, single marital status, and no discounts are taken into consideration on a Hyundai Sonata GLS.

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

Cost difference between full coverage and liability

The diagram below illustrates the difference between Nissan Altima insurance costs with full phyical damage coverage and with liability coverage only. The rate quotes are based on no accidents or driving violations, $100 deductibles, single male driver, and no discounts are applied.

Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.

Should you pay for full coverage?

There is no written rule for excluding physical damage coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

For example, let's pretend your Nissan Altima settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most your company will settle for is $5,000 after the policy deductible has been paid. If premium cost is more than $500 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are a few situations where eliminating full coverage is not financially feasible. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.

Deductible analysis

When shopping for auto insurance, a common question is how high or low should comp and collision deductibles be. The following insurance rates can help you visualize the premium difference of buying low and high physical damage deductibles. The first rate quote example uses a $250 physical damage coverage deductible and the second set of rates uses a $500 deductible.

GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.

GMC Acadia insurance rates with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $236 $376 $352 $20 $106 $1,115 $93
Acadia SL AWD $272 $376 $352 $20 $106 $1,151 $96
Acadia SLE 2WD $272 $376 $352 $20 $106 $1,151 $96
Acadia SLE AWD $272 $458 $352 $20 $106 $1,233 $103
Acadia SLT 2WD $272 $458 $352 $20 $106 $1,233 $103
Acadia SLT AWD $306 $458 $352 $20 $106 $1,267 $106
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GMC Acadia insurance rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Acadia SL 2WD $192 $304 $352 $20 $106 $974 $81
Acadia SL AWD $220 $304 $352 $20 $106 $1,002 $84
Acadia SLE 2WD $220 $304 $352 $20 $106 $1,002 $84
Acadia SLE AWD $220 $368 $352 $20 $106 $1,066 $89
Acadia SLT 2WD $220 $368 $352 $20 $106 $1,066 $89
Acadia SLT AWD $250 $368 $352 $20 $106 $1,096 $91
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Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Price information does not factor in specific location which can impact auto insurance rates considerably.

Based on this data, using a $250 deductible would cost the average driver about $14 more each month or $168 each year than choosing the higher $500 deductible. Since you would have to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go at least 18 months between claims, you would probably come out ahead if you choose the higher deductible.

Best reasons to buy car insurance in Colorado

Even though it's not necessarily cheap to insure a vehicle in Erie, insurance is required for several reasons.

The benefits of carrying enough insurance greatly outweigh the cost, particularly for liability claims. Today the average American driver overpays more than $825 a year so shop around at every renewal to ensure rates are competitive.

Don't overlook these five auto insurance discounts

Not many people think insurance is cheap, but companies offer discounts that can dramatically reduce your bill. Most are applied when you get a quote, but once in a while a discount must be requested specifically before being credited. If you don't get every credit you deserve, you're just leaving money on the table.Cheaper auto insurance with discounts

Don't be surprised that most credits do not apply to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. So even though you would think you could get a free auto insurance policy, it doesn't quite work that way.

A list of auto insurance companies and the discounts they provide include:

When getting free Erie auto insurance quotes, it's a good idea to all companies you are considering which discounts you may be entitled to. All car insurance discounts may not be available in Erie. To choose providers who offer discounts in Erie, click here.

Insurance agents can help

When buying the best auto insurance coverage, there really is not a one-size-fits-all type of policy. Everyone's situation is a little different so this has to be addressed.Drive safe and save For instance, these questions may help highlight whether your personal situation may require specific advice.

If you're not sure about those questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It's fast, free and you can get the answers you need.

Local neighborhood Erie car insurance agents

Some consumers just want to go talk to an agent and that is just fine! Good insurance agents are very good at helping people manage risk and help in the event of a claim. The biggest benefit of comparing insurance online is you can get lower rates but also keep your business local. Putting coverage with small agencies is definitely important in Erie.

Insurance agency in ErieTo help locate an agent, after submitting this form (opens in new window), your coverage information is transmitted to companies in Erie who will give you quotes and help you find cheaper coverage. There is no need to find an agent since rate quotes are delivered to your email. If you need to get a rate quote from a specific insurance provider, you would need to find their quoting web page and submit a quote form there.

The different types of auto insurance agents

If you prefer to buy insurance from a reputable agency, it's important to understand the different types of agencies and how they differ in how they can insure your vehicles. Insurance agents in Erie are considered either independent or exclusive depending on the company they work for. Either one can sell affordable insurance policies, but it's a good idea to understand why they differ since it can impact the type of agent you choose.

Independent Agents

These agents are not employed by any specific company so as a result can place your coverage with lots of companies depending on which coverage is best. If your premiums go up, they simply move the coverage in-house and you won't have to switch agencies.

If you need cheaper insurance rates, you will want to compare quotes from at least one independent agent to maximize your price options. Many independent agencies also insure through less well-known companies which can be an advantage.

Exclusive Insurance Agents

Exclusive insurance agents generally can only insure with one company such as State Farm, AAA, and Liberty Mutual. They usually cannot give you multiple price quotes so they have to upsell other benefits. These agents are very knowledgeable in insurance sales and that allows them to sell at a higher price point. Some insured continue to buy from the same agent for years mainly due to loyalty to the company rather than having low rates.

Deciding on a insurance agency needs to be determined by more than just the bottom line cost. Agents should be asked these questions:

Car insurance 101

Understanding the coverages of your policy can help you determine appropriate coverage for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are typical coverage types offered by insurance companies.

Medical payments coverage and PIP - Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like hospital visits, pain medications and surgery. They are often used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Comprehensive coverage - This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things such as vandalism, hail damage, fire damage and a broken windshield. The maximum payout you'll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Collision coverages - This pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like rolling your car, hitting a mailbox, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. It's also possible to bump up the deductible to save money on collision insurance.

Liability auto insurance - Liability coverage provides protection from damages or injuries you inflict on other people or property that is your fault. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/15 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, 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 limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as loss of income, funeral expenses, emergency aid and pain and suffering. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible. Colorado requires minimum liability limits of 25/50/15 but drivers should carry more liability than the minimum.

Uninsured/Underinsured Motorist coverage - Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your vehicle.

Since a lot of drivers have only the minimum liability required by law (25/50/15 in Colorado), their limits can quickly be used up. That's why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages are set the same as your liability limits.

Claim statistics by make and model

Are you driving a vehicle that ranks well for claims? The next tables list the highest and lowest cars and trucks for the overall chance of having claims for each type of coverage listed.

Vehicle Make and Models with the Lowest and Highest Medical Payment Claims
Lowest Claim Amount Highest Claim Amount
Tesla Model S Nissan Versa
Ford F-350 SuperCrew Dodge Charger
Chevrolet Silverado 2500 Mitsubishi Mirage
Chevrolet Silverado 3500 Kia Forte
Chevrolet Corvette Chrysler 200
Land Rover Range Rover Sport Chevrolet Spark

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Comprehensive Insurance Claims by Vehicle Make and Model
Lowest Claim Amount Highest Claim Amount
Volvo V60 Maserati Granturismo
Ford F-350 Bentley Continental GT
GMC Sierra 2500 Porsche Panamera GTS
Nissan Xterra Mercedes-Benz S Class
Smart ForTwo BMW M6
Nissan Leaf Audi S7

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Collision Insurance Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Chevrolet Colorado Nissan GT-R
Ford F-150 SuperCrew Ferrari 458
GMC Canyon Maserati Granturismo
Ford F-250 SuperCab Bently Continental GT
Ford Edge Bently Continental GTC
Nissan Xterra Audi RS7

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Liability Coverage Claims by Vehicle
Lowest Claim Amount Highest Claim Amount
Volvo XC60 Chevrolet Cruze
Subaru Outback Mitsubishi Lancer
Audi A6 Chevrolet Sonic
Mercedes-Benz SL Class Kia Rio
Fiat 500 Chevrolet Impala
Subaru Forester Chrysler 200

Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Be persistent and save

While you're price shopping online, you should never reduce needed coverages to save money. In many instances, drivers have reduced liability limits or collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your goal is to buy the best coverage you can find at the best price, but don't skip important coverages to save money.

Some insurance companies don't offer online quoting and these smaller companies provide coverage only through independent insurance agents. Lower-priced insurance in Erie can be sourced both online as well as from independent agents in Erie, and you need to price shop both to get a complete price analysis.

More information can be read on the following sites: