How many years has it been since you compared more competitive auto insurance rates in Colorado Springs, CO? Colorado Springs shoppers have options when shopping for the lowest priced Scion xB insurance. They can either waste time struggling with agents trying to get quotes or leverage the internet to make rate comparisons.
There are both good and bad ways to buy auto insurance and we'll show you the best way to price shop coverage for a new or used Scion and get the best price possible either online or from Colorado Springs insurance agents.
It's a great practice to compare rates before your next renewal because rates are rarely the same from one policy term to another. Even if you got the lowest premium rates on Scion xB insurance in Colorado Springs a year ago you will most likely find a better price today. Forget anything you know (or think you know) about auto insurance because you're going to learn one of the best ways to save on auto insurance.
Our goal is to introduce you to the most effective way to quote insurance and some tips to save money. If you have car insurance now, you should be able to get lower rates using the concepts you're about to learn. Vehicle owners just have to use the most efficient way to get comparison rates over the internet.
The following companies are our best choices to provide quotes in Colorado. If several companies are displayed, we recommend you click on several of them to get the best price comparison.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
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Data rating is based on married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Premium costs do not factor in your specific Colorado Springs location which can decrease or increase rates considerably.
How much more does full coverage cost?
The chart below visualizes the comparison of Scion xB insurance premiums with full physical damage coverage compared to only buying liability only. The data assumes no claims or driving citations, $250 deductibles, single male driver, and no discounts are applied to the premium.
Should you pay for full coverage or liability only?
There is no exact formula of when to exclude comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost for physical damage 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 Scion xB replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,000 after paying the physical damage deductible. If it's costing you more than $600 a year for physical damage coverage, then it might be time to consider dropping full coverage.
There are some scenarios where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage to protect the lienholder's interest in the vehicle. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not eliminate full coverage.
Physical damage deductible comparison
The diagram below illustrates how your deductible choice and can raise or lower Scion xB insurance prices for different ages of insureds. The rate quotes are based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
Affordable rates on Scion xB insurance in Colorado Springs with these five auto insurance discounts
Some insurance providers do not list every disount available very clearly, so the list below details a few of the more well known and also the more inconspicuous discounts that may be available. If you don't get every credit you qualify for, you're just leaving money on the table.
- Early Signing - A few companies offer discounts for buying a new policy before your current expiration date. Ten percent is about the average savings.
- Discounts for Seat Belt Usage - Drivers who require all vehicle occupants to use their safety belts can save up to 10 percent (depending on the company) off the personal injury premium cost.
- Drive Safe and Save - Insureds without accidents could pay up to 40% less than drivers with accident claims.
- Pay Upfront and Save - By paying your policy upfront as opposed to paying monthly you can avoid the installment charge.
- Defensive Driver - Participating in a class that teaches defensive driving techniques could possibly earn you a 5% discount and also improve your driving technique.
Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given the the whole policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like having all the discounts means you get insurance for free, company stockholders wouldn't be very happy.
Large auto insurance companies and their possible discounts are included below.
- Farm Bureau may have discounts that include multi-vehicle, multi-policy, driver training, 55 and retired, and safe driver.
- MetLife includes discounts for good student, defensive driver, multi-policy, claim-free, and good driver.
- Progressive offers discounts for multi-policy, good student, multi-vehicle, homeowner, and continuous coverage.
- AAA offers discounts including education and occupation, good driver, pay-in-full, multi-car, and anti-theft.
- American Family has savings for early bird, good driver, good student, mySafetyValet, Steer into Savings, TimeAway discount, and defensive driver.
- GEICO may offer discounts for seat belt use, defensive driver, air bags, federal employee, emergency military deployment, multi-vehicle, and anti-theft.
- State Farm offers premium reductions for anti-theft, defensive driving training, multiple policy, multiple autos, and student away at school.
Before purchasing a policy, check with each company or agent what discounts are available to you. A few discounts might not be offered on policies in your state. If you would like to view providers who offer free Scion xB insurance quotes in Colorado Springs, click here.
Insurance quotes from neighborhood Colorado Springs auto insurance agents
Many drivers would prefer to sit down and talk to an agent and we recommend doing that Good agents can make sure you are properly covered and help in the event of a claim. The best thing about comparing rates online is the fact that you can find the best rates and still choose a local agent. Putting coverage with neighborhood insurance agencies is important particularly in Colorado Springs.
After completing this quick form, your information is instantly submitted to agents in your area who will give competitive quotes for your coverage. It simplifies rate comparisons since you won't have to contact any agents as quotes are delivered straight to your inbox. If you need to quote rates from one company in particular, you would need to visit that company's website and complete a quote there.
Colorado Springs car insurance agents are either independent or exclusive
If you would like to find a local Colorado Springs insurance agent, you must know there are a couple different types of agencies and how they operate. Insurance agencies in Colorado Springs are considered either independent or exclusive. Either type can insure your vehicles properly, but it's worth mentioning the differences since it may influence your selection of an agent.
Independent Insurance Agents (or Brokers)
Agents that choose to be independent are normally appointed by many insurers so they can insure your vehicles through lots of different companies and find you the best rates. If they find a cheaper price, your agent can switch companies and that require little work on your part.
If you are trying to find cheaper rates, it's recommended you compare prices from multiple independent agents to have the best price comparison. Most can insure with small mutual carriers that many times have cheaper rates.
The following are Colorado Springs independent agencies who may provide price quotes.
- Solid Rock Insurance Agency
2850 Serendipity Cir W #230 - Colorado Springs, CO 80917 - (719) 574-0082 - View Map
- Six and Geving Insurance Inc
3630 Sinton Rd # 200 - Colorado Springs, CO 80907 - (719) 590-9990 - View Map
- Benson Insurance Group, LLC
5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map
Exclusive agencies can only provide pricing for a single company and examples are Allstate, AAA, Farmers Insurance, and State Farm. Exclusive agents cannot compare rates from other companies so you might not find the best rates. Exclusive agencies are well schooled in insurance sales which helps them sell on service rather than price. Some people will only buy from the same agent for years mostly because of the brand name instead of buying on price only.
Listed below are Colorado Springs exclusive agencies that are able to give comparison quotes.
- Progressive Insurance
12710 Voyager Pkwy - Colorado Springs, CO 80921 - (719) 582-2759 - View Map
- American Family Insurance - Diane Christensen
1957 W Uintah St - Colorado Springs, CO 80904 - (719) 477-1636 - View Map
- Larry Lucero - State Farm Insurance Agent
5225 Academy Blvd N #108 - Colorado Springs, CO 80918 - (719) 599-8661 - View Map
Selecting an car insurance agent requires more thought than just a cheap quote. Any agent in Colorado Springs should be forthright in answering these questions:
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- How experienced are they in personal risk management?
- Can they provide you with a list of referrals?
- Do they get extra compensation for selling add-on coverages?
- Do they have cheaper tiers of coverage?
Once you have positive responses to all your questions and locked in a price quote, you've probably found an auto insurance agent that is reliable enough to provide insurance coverage.
Don't assume everyone needs the same insurance coverage
When buying proper insurance coverage, there isn't really a one-size-fits-all type of policy. Your financial needs are unique.
For instance, these questions may help you determine whether or not you might need professional guidance.
- Can I still get insurance after a DUI?
- What can I do if my company won't pay a claim?
- Do I need replacement cost coverage on my Scion xB?
- Are my custom wheels covered?
- Is my state a no-fault state?
- Does coverage follow the driver or the vehicle?
- What exactly is covered by my policy?
- Should I buy more coverage than the required Colorado minimum liability coverage?
If you can't answer these questions then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form. It only takes a few minutes and can provide invaluable advice.
Switch companies and save? Really?
Colorado drivers can't ignore all the ads for car insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. All the ads say the same thing of big savings if you get a free Colorado Springs car insurance quote and switch your policy.
How does every car insurance company cost less than your current company? This is the trick they use.
Many companies quote their cheapest rates for the type of customer that earns them the most money. For example, a desirable insured may need to be over the age of 35, has a clear driving record, and drives a vehicle with a low ISO rating. Anybody that fits those parameters may get the lowest premium rates in Colorado Springs and will also save money with a new company.
Potential insureds who do not meet the ideal profile may be required to pay a higher premium which translates to the customer buying from a different company. If you listen closely, the ads state "customers that switch" not "all people who quote" will save that much if they switch. That's the way companies can make those claims.
Because each company has a different risk profile, you absolutely need to get as many free Colorado Springs car insurance quotes as possible. It's just too difficult to predict which car insurance company will be your best fit.
Car insurance specifics
Understanding the coverages of a car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. Car insurance terms can be confusing and reading a policy is terribly boring.
Liability car insurance
This coverage protects you from injuries or damage you cause to other's property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/15 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and $15,000 of coverage for damaged propery. Some companies may use a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as repair costs for stationary objects, court costs, attorney fees, structural damage and medical services. How much coverage you buy is a decision to put some thought into, 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 liability than the minimum.
Collision insurance covers damage to your xB from colliding with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as hitting a mailbox, damaging your car on a curb, driving through your garage door and rolling your car. This coverage can be expensive, so consider removing coverage from vehicles that are older. You can also increase the deductible on your xB in order to get cheaper collision rates.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage pay for immediate expenses like funeral costs, dental work and surgery. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Comprehensive insurance will pay to fix 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 claims such as falling objects, hitting a deer, damage from getting keyed, fire damage and rock chips in glass. The most you'll receive from a claim is the market value of your vehicle, so if the vehicle's value is low it's probably time to drop comprehensive insurance.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as damage to your Scion xB.
Since many Colorado drivers have only the minimum liability required by law (25/50/15), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently these limits are similar to your liability insurance amounts.
Cheaper auto insurance prices are available
The cheapest Scion xB insurance in Colorado Springs can be purchased from both online companies and with local Colorado Springs insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance companies do not offer internet price quotes and usually these smaller companies only sell coverage through local independent agents.
We've covered a lot of tips how to lower your Scion xB insurance car insurance rates in Colorado Springs. The key concept to understand is the more price quotes you have, the better your chances of lowering your premium rates. You may even discover the lowest car insurance rates are with some of the smallest insurance companies.
Consumers who switch companies do it for many reasons like policy non-renewal, high prices, high rates after DUI convictions and even delays in responding to claim requests. Regardless of your reason for switching companies, finding a new company is easier than you think.
More tips and info about auto insurance can be read by following these links: