Would you like to find cheaper Jeep Cherokee insurance in Colorado Springs? Being forced to pay for pricey auto insurance premiums can deplete your personal savings and make it tough to pay other bills. Comparing cost estimates can help to lower your bills every month.
Sadly, nearly 70% of consumers kept their coverage with the same auto insurance company for at least four years, and about 40% of consumers have never taken the time to shop around. Colorado insurance shoppers could cut their rates by almost 35% a year, but they don't know the big savings they would realize if they switched to a more affordable policy.
Drivers have many insurance companies to pick from, and although it's a good thing to have a choice, more choices can make it harder to find the best rates for Jeep Cherokee insurance in Colorado Springs.
This article's intent is to instruct you on the most effective ways to compare rates and also pocket some savings If you have insurance now, you will surely be able to save money using these techniques. But Colorado vehicle owners must comprehend how insurance companies determine prices because rates are impacted by many factors.
When quoting insurance, remember that getting more free quotes provides better odds of finding a better price. Not every company allows you to get price estimates online, so you should also compare quotes from them as well.
The companies in the list below have been selected to offer comparison quotes in Colorado. If multiple providers are shown, we suggest you get prices from several of them to get a more complete price comparison.
Take these ten policy discounts and save on Jeep Cherokee insurance in Colorado Springs
Insurance is easily one of your largest bills, but you might find some hidden discounts that could help you make your next renewal payment. Some trigger automatically when you get a quote, but lesser-known reductions have to be asked about before they will apply.
- Good Grades Discount - Being a good student can get you a discount of up to 25%. This discount can apply until age 25.
- Discount for Swiching Early - Some larger companies reward drivers for switching policies before your current expiration date. The savings is around 10%.
- Discount for Home Ownership - Simply owning a home can save a few bucks due to the fact that maintaining a home is proof of financial responsibility.
- E-sign - Some of the larger companies will provide an incentive for signing up on their website.
- Federal Government Employee - Being employed by or retired from a federal job may qualify for a discount when you quote Colorado Springs auto insurance with a few insurance companies.
- Driver Safety - Completing a safe driver class may get you a small discount and also improve your driving technique.
- Air Bags and Passive Restraints - Cars that have air bags can qualify for discounts of 20% or more.
- Multiple Policy Discount - If you insure your home and vehicles and insure them both with the same insurance company they may give you a discount of as much as 10 to 15 percent.
- Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and that can save you a little bit as well.
- Life Insurance - Not every insurance company offers life insurance, but if they do you may earn a lower premium rate if you buy life insurance from them.
It's important to note that most credits do not apply to the overall cost of the policy. Most cut specific coverage prices like comp or med pay. So when it seems like you can get free auto insurance, you're out of luck.
To view providers that offer discounts in Colorado, click this link.
When to contact an agent
Some consumers would rather sit down and talk to an agent and there is nothing wrong with that. One of the great benefits of comparing rates online is you can get cheap rate quotes but still work with a licensed agent. Putting coverage with local agencies is especially important in Colorado Springs.
To help locate an agent, after submitting this short form, your insurance coverage information is immediately sent to participating agents in Colorado Springs that can give you free Colorado Springs auto insurance quotes for your insurance coverage. There is no need to do any legwork because prices are sent directly to you. You can find better rates without the usual hassles of price shopping. If you have a need to quote rates from a specific car insurance provider, you can always find their quoting web page and fill out the quote form the provide.
What types of car insurance agents are in Colorado Springs?
If you're trying to find a reliable agent, it's important to understand the different types of agents and how they operate. Agents are classified as either exclusive or independent.
Independent Insurance Agents
Agents of this type are not employed by any specific company so they can insure your vehicles amongst many companies and get you the best rates possible. If your premiums go up, your agent can just switch to a different company and you don't have to find a new agent.
When shopping rates, you should always include rate quotes from several independent insurance agents so that you have a good selection of quotes to compare.
Listed below is a list of independent insurance agents in Colorado Springs that may be able to give rate quotes.
Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 - Colorado Springs, CO 80918 - (303) 974-7676 - View Map
ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave - Colorado Springs, CO 80904 - (719) 473-6262 - View Map
Agents that elect to be exclusive are contracted to one company and examples are Allstate, Farmers Insurance, State Farm, and AAA. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. They receive a lot of sales training on the products they sell which helps offset the inability to provide other markets.
The following is a list of exclusive agents in Colorado Springs willing to provide rate quotes.
Deciding on an auto insurance agent should include more criteria than just a cheap quote. Below are some questions you should ask.
- When do they do a full risk review?
- Will the agent help in case of a claim?
- Does the company use OEM repair parts?
- What company do they have the most business with?
- Is the agent CPCU or CIC certified?
- Do they prorate repair cost based on vehicle mileage?
But they said I'd save $474 a year!
Car insurance companies such as State Farm and Allstate endlessly run television, radio, and online ads. They all seem to advertise claims about how much you will save just by switching your car insurance policy to them. That's great but how can every company save you money on Jeep Cherokee insurance in Colorado Springs? This is how they do it.
All the different companies require specific criteria for the type of customer that will generate a profit. For instance, this type of risk profile could possibly be over the age of 35, has no tickets, and the vehicle is rated for pleasure use. Someone who matches that profile will get low auto insurance rates and have a good chance to cut their rates substantially.
Consumers who don't qualify for those standards may be forced to pay a more expensive rate with the end result being the customer buying from someone else. The trick is to say "people that switch" not "all people who quote" save the amount stated. That's the way companies can advertise the savings.
This emphasizes why you absolutely need to compare many company's prices. It is impossible to predict which company will have the lowest rate quotes.
Knowing the specifics of car insurance helps when choosing the best coverages for your vehicles. Car insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverages found on the average car insurance policy.
Medical expense insurance
Medical payments and Personal Injury Protection insurance pay for bills such as funeral costs, X-ray expenses and prosthetic devices. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision)
This covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things such as fire damage, rock chips in glass and hitting a deer. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle's value is low consider removing comprehensive coverage.
Protection from uninsured/underinsured drivers
This coverage gives you protection from other drivers when they are uninsured or don't have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Jeep Cherokee.
Since a lot of drivers have only the minimum liability required by law (Colorado limits are 25/50/15), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Auto liability insurance
This can cover damage or injury you incur to people or other property. It protects you from legal claims by others. Liability doesn't cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/15 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.
Liability coverage protects against claims like structural damage, medical expenses, funeral expenses and court costs. How much liability coverage do you need? That is a personal decision, but you should buy as high a limit as you can afford. Colorado state minimum liability requirements are 25/50/15 but you should think about purchasing higher limits.
Auto collision coverage
Collision insurance pays to fix your vehicle from damage from colliding with an object or car. A deductible applies then your collision coverage will kick in.
Collision coverage pays for things such as hitting a mailbox, damaging your car on a curb, sideswiping another vehicle and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to bump up the deductible on your Cherokee to get cheaper collision coverage.
Compare. Compare. Compare.
When trying to cut insurance costs, make sure you don't skimp on coverage in order to save money. In many cases, an accident victim reduced liability coverage limits only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.
You just learned some good ideas how you can reduce Jeep Cherokee insurance premium rates online in Colorado Springs. It's most important to understand that the more times you quote, the better your comparison will be. You may even discover the lowest premium rates are with some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Progressive and GEICO.
Additional information can be found on the following sites:
- How to Avoid Buying a Flooded Car (Insurance Information Institute)
- Who Has the Cheapest Auto Insurance for Drivers with Good Credit in Colorado? (FAQ)
- Who Has Affordable Car Insurance Quotes for Drivers Over Age 50 in Colorado? (FAQ)
- Who Has Affordable Auto Insurance Rates for Teachers in Colorado? (FAQ)
- Who Has Cheap Car Insurance Rates for a Ford Escape in Colorado? (FAQ)
- How Much are Colorado Car Insurance Quotes After a Speeding Ticket? (FAQ)
- What Does No-Fault Insurance Cover? (Allstate)
- Understanding Limits and Deductibles (Allstate)