Searching for cheap Colorado Springs GMC Canyon insurance quotes might appear rather difficult for vehicle owners new to quoting and comparing and buying auto insurance over the internet. When there are so many companies, how can Colorado Springs drivers possibly compare them all to find lower auto insurance premiums?
Amazingly, most drivers have been with the same company for at least the last four years, and nearly the majority have never even compared rates from other companies. Many drivers in Colorado could pocket up to $605 a year, but they don't invest the time required to shop around.
It's a great practice to do rate comparisons as often as possible because prices are usually higher with each renewal. If you had the lowest rates on GMC Canyon insurance in Colorado Springs a year ago there may be better deals available now. You'll find quite a bit of inaccurate information about Canyon insurance on the internet, but by reading this article, you're going to learn some great ways to reduce your auto insurance bill.
If you have auto insurance now, you stand a good chance to be able to buy cheaper auto insurance using these tips. This article's goal is to tell you how car insurance works and how to save the most money. But Colorado vehicle owners benefit from understanding how insurance companies sell online and use this information to your advantage.
The best way we recommend to get policy rate comparisons for GMC Canyon insurance in Colorado Springs is to realize all the major auto insurance companies provide online access to quote your coverage. To begin a comparison, all you need to do is give them some information like your occupation, driver details, types of safety features, and level of coverage desired. Those rating factors is instantly sent to many highly-rated insurers and they return cost estimate with very little delay.
To compare rates for your GMC Canyon now, click here and see if a lower rate is available in Colorado Springs.
The providers in the list below offer free rate quotes in Colorado Springs, CO. If several companies are displayed, it's highly recommended you get rate quotes from several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Canyon SLE Regular Cab 2WD||$166||$298||$368||$22||$110||$964||$80|
|Canyon SLE Ext Cab 2WD||$126||$282||$396||$24||$118||$946||$79|
|Canyon SLE Ext Cab Z71 2WD||$226||$562||$396||$24||$118||$1,326||$111|
|Canyon SLE Crew Cab 2WD||$188||$424||$426||$26||$128||$1,192||$99|
|Canyon SLE Regular Cab 4WD||$170||$252||$330||$20||$98||$870||$73|
|Canyon SLE Crew Cab Z71 2WD||$212||$388||$338||$20||$100||$1,058||$88|
|Canyon SLT Ext Cab 2WD||$162||$282||$358||$22||$108||$932||$78|
|Canyon SLE Ext Cab 4WD||$212||$320||$338||$20||$100||$990||$83|
|Canyon SLT Crew Cab 2WD||$260||$662||$396||$24||$118||$1,460||$122|
|Canyon SLE Ext Cab Z71 4WD||$200||$340||$362||$22||$108||$1,032||$86|
|Canyon SLE Crew Cab 4WD||$190||$288||$352||$20||$106||$956||$80|
|Canyon SLE Crew Cab Z71 4WD||$148||$244||$338||$20||$100||$850||$71|
|Canyon SLT Crew Cab 4WD||$214||$380||$396||$24||$118||$1,132||$94|
|Canyon SLT Ext Cab 4WD||$310||$502||$362||$22||$108||$1,304||$109|
|Get Your Own Custom Quote Go|
Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rates do not factor in specific Colorado Springs garaging location which can lower or raise coverage prices greatly.
Impact of citations and accidents on insurance rates
The illustration below shows how traffic citations and at-fault accidents influence GMC Canyon insurance premiums for different age groups. Data assumes a married female driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
Rate comparison of men versus women
The information below illustrates the comparison of GMC Canyon car insurance costs for male and female drivers. The data is based on no claims or violations, full coverage, $1,000 deductibles, single marital status, and no discounts are applied to the premium.
Rate difference between full and liability-only coverage
The illustration below illustrates the comparison of GMC Canyon insurance prices when comparing full coverage to liability only. The data is based on no violations or accidents, $1,000 deductibles, single female driver, and no policy discounts are applied.
Guidelines for dropping full coverage
There is no exact formula for phasing out comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let's say your GMC Canyon book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would receive is $4,000 after the deductible is paid. If you are paying more than $400 a year for full coverage, then you may need to consider dropping full coverage.
There are some circumstances where removing full coverage is not advised. If you still owe a portion of the original loan, you have to maintain full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should keep full coverage.
Seven discounts for affordable auto insurance rates
Car insurance companies don't list all possible discounts very clearly, so the following is a list of some of the best known and the more hidden discounts that you may qualify for.
- Distant Student Discount - Kids who are enrolled in higher education away from home and do not take a car to college could qualify for this discount.
- Clubs and Organizations - Belonging to qualifying employment or professional organizations can get you a small discount on your bill.
- Claim Free - Colorado Springs drivers who stay claim-free have much lower rates as compared to policyholders that have many claims.
- Life Insurance - Larger insurance companies have lower prices if you buy life insurance from them.
- Good Grades Discount - Being a good student could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.
- Responsible Driver Discount - Safe drivers could pay up to 40% less than drivers with accident claims.
- Passive Restraints - Options like air bags or automatic seat belts can qualify for discounts as much as 30%.
Discounts save money, but please remember that most credits do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. Just because it seems like you can get free auto insurance, auto insurance companies aren't that generous. But any discount will definitely lower your overall bill.
A few companies who might offer these benefits include:
If you want low cost Colorado Springs car insurance quotes, ask all the companies how many discounts you can get. Some of the discounts discussed earlier may not apply to policies in Colorado Springs.
Local Colorado Springs auto insurance agents
Many people just prefer to visit with an insurance agent and doing that can be a smart decision The biggest benefit of getting free rate quotes online is that drivers can save money and get better rates but still work with a licensed agent.
To find an agent, once you fill out this simple form, your information is immediately sent to local insurance agents in Colorado Springs who will gladly provide quotes for your business. You won't even need to search for an agent since rate quotes are delivered immediately to you. Get lower rates and work with a local agent. If you have a need to get a price quote from a specific company, just search and find their rate quote page and fill out the quote form the provide.
Finding a good provider needs to be determined by more than just a cheap price quote. Any agent in Colorado Springs should have no problem answering these questions:
- What is the financial rating for the quoted company?
- Did they already check your driving record and credit reports?
- What insurance company do they write the most business with?
- Can they provide you with a list of referrals?
- Are there any hidden costs in their price quote and does it include driving and credit history?
- How long have they worked with personal auto insurance coverage?
- Do they receive special compensation for putting your coverage with one company over another?
- How is replacement cost determined on your vehicle?
If you need to find local Colorado Springs agents, you should know the different types of agencies and how they can write your policy. Agents in Colorado Springs are either exclusive agents or independent agents.
These agents work for only one company such as AAA, Allstate, State Farm, or Farmers Insurance. They are unable to compare other company's rates so it's a take it or leave it situation. They are usually quite knowledgeable in insurance sales which helps them compete with independent agents. Many people buy from the same agent for years mainly due to the prominent brand name rather than having low rates.
Listed below is a list of exclusive insurance agencies in Colorado Springs who may provide you with price quote information.
- American Family Insurance - Mario Aragon Agency Inc.
1135 E Fillmore St - Colorado Springs, CO 80907 - (719) 570-0707 - View Map
- Connie Slater - State Farm Insurance Agent
5731 Silverstone Terrace #120 - Colorado Springs, CO 80919 - (719) 268-9003 - View Map
- Carlos Gonzalez, Jr. - State Farm Insurance Agent
1710 S Circle Dr - Colorado Springs, CO 80910 - (719) 900-7431 - View Map
Agents that choose to be independent can sell policies from many different companies and that allows them to write policies with many different companies depending on which coverage is best. If your agent finds better pricing, the business is moved internally without you having to go to a different agency.
When comparing insurance rates, it's a good idea to check rates from a couple of independent agencies to have the best price comparison. Most also write with additional companies that you may not be familiar with which may have better rates.
Below is a short list of independent agencies in Colorado Springs that can give you price quotes.
- Benson Insurance Group, LLC
5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map
- ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave - Colorado Springs, CO 80904 - (719) 473-6262 - View Map
- Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map
When in doubt talk to an agent
When choosing insurance from an agent or online for your personal vehicles, there really is no one size fits all plan. Your needs are not the same as everyone else's and your insurance should unique, too. For instance, these questions might help in determining whether or not you will benefit from professional help.
- Do I pay less if my vehicle is kept in my garage?
- What vehicles should carry emergency assistance coverage?
- Do I need special coverage while pulling a rented trailer?
- Why do I only qualify for high-risk insurance?
- Should I bundle my homeowners policy with my auto?
- Should I rate my vehicle as business use?
- Does my insurance cover damage caused when ticketed for reckless driving?
If you can't answer these questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.
Car insurance in Colorado serves several purposes
Despite the high cost, car insurance serves a purpose in several ways.
First, almost all states have mandatory liability insurance requirements which means the state requires a specific level of liability in order to get the vehicle licensed. 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 took out a loan on your vehicle, most banks will force you to have insurance to guarantee payment of the loan. If you let the policy lapse, the bank or lender will purchase a policy for your GMC at a significantly higher premium and force you to pay for the much more expensive policy.
Third, insurance safeguards not only your car but also your financial assets. Insurance will pay for medical expenses that are the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you cause an accident and are sued. If you have damage to your GMC as the result of the weather or an accident, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of having insurance definitely exceed the cost, especially for larger claims. Despite what companies tell you, the average driver is overpaying more than $865 each year so compare quotes from several companies once a year at a minimum to help ensure money is not being wasted.
Coverages available on your policy
Understanding the coverages of auto insurance aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you'll find the normal coverages offered by auto insurance companies.
UM/UIM (Uninsured/Underinsured Motorist) coverage - This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle's occupants as well as your vehicle's damage.
Since many Colorado drivers only purchase the least amount of liability that is required (which is 25/50/15), their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.
Auto liability insurance - Liability coverage protects you from damage that occurs to people or other property that is your fault. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/15 that means you have $25,000 in coverage for each person's injuries, a per accident bodily injury limit of $50,000, and a total limit of $15,000 for damage to vehicles and property.
Liability coverage pays for things such as funeral expenses, repair costs for stationary objects and repair bills for other people's vehicles. The amount of liability coverage you purchase is a decision to put some thought into, but it's cheap coverage so purchase higher limits if possible. Colorado requires drivers to carry at least 25/50/15 but it's recommended drivers buy higher limits.
Collision coverages - Collision coverage will pay to fix damage to your Canyon resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as hitting a parking meter, colliding with a tree, sustaining damage from a pot hole and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible on your Canyon to get cheaper collision coverage.
Medical payments and PIP coverage - Med pay and PIP coverage provide coverage for expenses like chiropractic care, doctor visits, hospital visits, rehabilitation expenses and nursing services. They can be utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Comprehensive auto coverage - This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as fire damage, rock chips in glass, damage from a tornado or hurricane and vandalism. The most you'll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle's value consider removing comprehensive coverage.
What is YOUR best insurance company?
Discount GMC Canyon insurance in Colorado Springs is definitely available from both online companies in addition to many Colorado Springs insurance agents, so you should be comparing quotes from both to get a complete price analysis. A few companies do not provide the ability to get a quote online and most of the time these smaller companies prefer to sell through local independent agencies.
When you buy Colorado Springs car insurance online, you should never buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed physical damage coverage to discover at claim time that the small savings ended up costing them much more. The aim is to buy a smart amount of coverage for the lowest cost while still protecting your assets.
We just presented a lot of tips how to save on GMC Canyon insurance in Colorado Springs. The key concept to understand is the more times you quote, the higher your chance of finding inexpensive Colorado Springs car insurance quotes. You may even discover the lowest car insurance rates come from a company that doesn't do a lot of advertising. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like State Farm or Progressive.
More tips and info about insurance can be read by following these links:
- Tread Depth and Tire Safety (State Farm)
- Who Has Cheap Auto Insurance in Colorado? (FAQ)
- Who Has Cheap Colorado Auto Insurance for Low Income Drivers? (FAQ)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Under 25 in Colorado? (FAQ)
- Who Has Cheap Auto Insurance for 16 Year Olds in Colorado? (FAQ)
- Who Has the Cheapest Car Insurance Rates with Multiple Speeding Tickets in Colorado? (FAQ)
- What Auto Insurance is Cheapest for Single Moms in Colorado? (FAQ)
- What Auto Insurance is Cheapest for Nurses in Colorado? (FAQ)
- Who Has Affordable Auto Insurance for Drivers with Bad Credit in Colorado? (FAQ)
- How Much is Colorado Auto Insurance for High School Students? (FAQ)
- Event Data Recorders FAQ (iihs.org)
- Child Safety FAQ (iihs.org)