If you're new to shopping for Fort Collins auto insurance quotes online, by this point your are probably overwhelmed thanks to the vast number of online companies all advertising big savings for Land Rover LR2 insurance in Fort Collins.

Insurance rates Land Rover LR2 in Fort CollinsAmazingly, a recent NerdWallet.com study showed that 70% of consumers have purchased from the same company for at least four years, and roughly 40% of drivers have never compared rates with other companies. Drivers in Fort Collins could save an average of approximately 35% each year by just comparing rate quotes, but they don't know how much they could save if they moved their coverage to a different company.

You should make it a habit to do rate comparisons periodically because insurance prices are adjusted regularly by insurance companies. Even if you think you had the best quotes on Land Rover LR2 insurance in Fort Collins last year there may be better deals available now. Forget all the misinformation about car insurance because you're about to find out one of the best ways to find better coverage on Land Rover LR2 insurance in Fort Collins at a better price.

Buying the cheapest car insurance in Fort Collins is quite easy if you know the best way to do it. Just about anyone who is required to buy car insurance stands a good chance to find lower prices. But Colorado drivers must learn how insurance companies determine what you pay because rates fluctuate considerably.

Cheap Land Rover insurance rates in Fort Collins

The companies shown below provide free rate quotes in Fort Collins, CO. If the list has multiple companies, we suggest you compare several of them to find the most affordable car insurance rates.

Land Rover LR2 Insurance Rates in Fort Collins, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $252 $400 $362 $22 $108 $1,144 $95
LR2 HSE $294 $556 $396 $24 $118 $1,388 $116
LR2 HSE Luxury $326 $630 $396 $24 $118 $1,494 $125
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium amounts do not factor in specific zip code location which can lower or raise coverage rates significantly.

Deductible analysis

One of the more difficult decisions when buying auto insurance is how high should the deductibles for physical damage be. The premium rates below illustrate the rate difference between low and high insurance deductibles. The first rate quote example uses a $250 physical damage deductible and the second data table uses a $1,000 deductible.

Land Rover LR2 insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $342 $538 $352 $20 $106 $1,383 $115
LR2 HSE $342 $538 $352 $20 $106 $1,383 $115
LR2 HSE Luxury $342 $538 $352 $20 $106 $1,383 $115
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Land Rover LR2 insurance with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
LR2 $210 $340 $352 $20 $106 $1,028 $86
LR2 HSE $210 $340 $352 $20 $106 $1,028 $86
LR2 HSE Luxury $210 $340 $352 $20 $106 $1,028 $86
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific zip code location which can decrease or increase premium rates substantially.

Based on these figures, using a $250 deductible costs approximately $29 more each month or $348 every year than choosing the higher $1,000 deductible. Because you would be required to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 26 months between claims, you would probably save some money if you decide on a higher deductible. Below is the way you can perform this determination yourself.

Average monthly premium for $250 deductibles: $115
Average monthly premium for $1,000 deductibles (subtract): - $86
Monthly savings from raising deductible: $29
Difference between deductibles ($1,000 - $250): $750
Divide difference by monthly savings: $750 / $29
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 26 months

An important sidenote is that a higher deductible level results in a higher out-of-pocket expense at claim time. You need a higher level of savings in order to pay the higher deductible.

Physical damage deductibles: Should you raise them?

The chart below demonstrates how deductible levels and can change Land Rover LR2 premium costs for each age group. The premiums assume a single male driver, comp and collision included, and no discounts are applied.

Lower Your Fort Collins Insurance Costs

Multiple criteria are considered when you get your auto insurance bill. Some are pretty understandable like an MVR report, although some other factors are more obscure such as whether you are married and annual miles driven. An important part of buying insurance is that you know some of the things that are used to determine the price you pay for car insurance. If you have some idea of what influences your rates, this empowers consumers to make smart changes that could help you find big savings.

Never have policy lapses - Driving without insurance can get your license suspended and any future policy may cost more because you let your insurance coverage expire. Not only will rates go up, getting caught without coverage may result in fines or a revoked license. You may have to prove you have insurance by filing a SR-22 with the Colorado motor vehicle department.

Know your vehicle's NHTSA crash test rating - Vehicles with high crash test scores get lower rates. Safe vehicles reduce the chance of injuries and fewer serious injuries translates directly to fewer claims and cheaper rates on your policy.

If you don't need it don't buy it - There are a ton of additional extra coverages that can waste your money on your LR2 policy. Add-on coverages like personal injury protection, high-cost glass coverage, and term life insurance could be just wasting money. They may seem like a good idea when you first buy your policy, but now you might not need them so think about removing them and cutting costs.

Keep the miles off and save - The higher the mileage driven in a year's time the higher the price you pay to insure it. Most companies calculate rates based on how the vehicle is used. Vehicles that sit idle most of the time qualify for better rates than cars that get driven a lot. It's always a good idea to double check that your policy reflects annual mileage, because improper ratings can cost you money. Having the wrong rating on your LR2 can result in significantly higher rates.

Credit score impacts premium rates - Having a bad credit score can be a huge factor in determining your rates. If your credit can be improved, you may save money insuring your Land Rover LR2 by improving your credit score. Drivers with very high credit ratings tend to file fewer claims than drivers with lower credit scores.

Insurance loss data for Land Rover LR2 vehicles - Insurers study historical loss data in order to profitably underwrite each model. Vehicles that historically have a higher amount or frequency of claims will have higher premium rates. The table below shows the historical insurance loss data for Land Rover LR2 vehicles.

For each coverage category, the statistical loss for all vehicles averaged together is a value of 100. Values below 100 suggest losses that are better than average, while values over 100 indicate more frequent losses or larger claims.

Land Rover LR2 Insurance Claim Statistics

Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury
Land Rover LR2 4dr 4WD 115 162 99

Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Do you qualify for discounts?

Some insurers don't always list all discounts in an easy-to-find place, so we researched some of the more common as well as the least known insurance savings.Save money with discounts

Just know that many deductions do not apply to the whole policy. Most only cut individual premiums such as medical payments or collision. So even though they make it sound like you could get a free insurance policy, that's just not realistic.

A partial list of companies that may offer quotes with many of the previously listed discounts include:

Before you buy a policy, ask every company what discounts are available to you. Savings may not apply to policyholders in Fort Collins. To see a list of providers that offer many of these discounts in Fort Collins, click here.

Insurance is available from your local insurance agencies

Some people would rather buy from a licensed agent and doing so can bring peace of mind A good thing about getting free rate quotes online is that you can find better rates but still work with a licensed agent.

Fort Collins insurance agentsTo make it easy to find an agent, after completing this quick form, the quote information is sent to local insurance agents in Fort Collins who will gladly provide quotes for your insurance coverage. It makes it easy because there is no need to leave your house because prices are sent straight to your inbox. You can find the lowest rates without the usual hassles of price shopping. If for some reason you want to get a price quote from a specific insurance provider, just go to their quote page and give them your coverage information.

Choosing an provider requires you to look at more than just a low price. Before buying a policy in Fort Collins, get answers to these questions.

Insurance can be complex

When quoting and comparing proper insurance coverage for your personal vehicles, there isn't really a one-size-fits-all type of policy. Everyone's situation is unique.Safe vehicles cost less to insure

Here are some questions about coverages that might help in determining if your insurance needs may require specific advice.

If you don't know the answers to these questions but you know they apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form.

Cover all your bases

We covered a lot of tips how to find cheaper Land Rover LR2 insurance in Fort Collins. It's most important to understand that the more quotes you get, the better your comparison will be. Consumers could even find that the lowest premium rates come from a small mutual company.

As you shop your coverage around, you should never sacrifice coverage to reduce premiums. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage for the lowest price while still protecting your assets.

Budget-conscious Land Rover LR2 insurance can be purchased online and from local insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies may not have the ability to get quotes online and usually these regional insurance providers prefer to sell through local independent agents.

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