Are you intimidated by the sheer number of car insurance companies that you can choose from? Colorado consumers have such a vast assortment of companies available that it can turn into a difficult situation to find the perfect company for you. Colorado Springs is the perfect city to reside in, but expensive premiums for car insurance makes it difficult to maintain proper levels of coverage.
It's shocking but a large majority of consumers have stayed with the same insurance company for over three years, and virtually 40% of consumers have never taken the time to shop around. Many drivers in Colorado could save $600 each year by just shopping around, but they just don't understand how much they could save if they swap their current policy for a cheaper one.
It is always a good idea to compare premium rates at least once a year because rates go up and down regularly. If you had the best deal on Toyota Avalon insurance in Colorado Springs on your last policy you can probably find a better price now. You can find a lot of information about Avalon insurance on the internet, but I'm going to show you some guaranteed methods to reduce your car insurance bill.
Best companies for Toyota Avalon insurance
The companies shown below are our best choices to provide price comparisons in Colorado Springs, CO. If multiple companies are listed, it's highly recommended you visit two to three different companies in order to find the cheapest rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Get Your Own Custom Quote Go|
Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates greatly.
Impact of speeding/accidents on auto insurance rates
The diagram below illustrates how violations and at-fault accidents can raise Toyota Avalon car insurance costs for each different age category. The rate quotes are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
Higher deductibles lower rates
The chart below demonstrates how deductibles and can raise or lower Toyota Avalon insurance rates for different age groups. The price estimates are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Auto insurance cost for men versus women
The diagram below shows the comparison of Toyota Avalon insurance costs for male and female drivers. The premium estimates are based on no claims or driving violations, full physical damage coverage, $100 deductibles, single marital status, and no discounts are applied to the premium.
Determine discounts to get cheap Colorado Springs auto insurance quotes
Companies don't necessarily list all discounts very well, so below is a list a few of the more common as well as the least known credits available to you.
- Homeowners Savings - Being a homeowner may trigger a policy discount on auto insurance because owning a home is proof that your finances are in order.
- ABS and Traction Control Discounts - Vehicles with anti-lock braking systems are safer to drive and therefore earn up to a 10% discount.
- Employee of Federal Government - Employees or retirees of the government could qualify for a slight premium decrease with certain companies.
- Low Miles Discount - Low mileage vehicles can qualify you for lower rates due to less chance of an accident.
- Organization Discounts - Affiliation with a qualifying organization is a good way to get lower rates on your next auto insurance statement.
- Anti-theft Discount - Cars, trucks, and SUVs equipped with anti-theft or alarm systems are less likely to be stolen and will save you 10% or more on Avalon insurance in Colorado Springs.
You can save money using discounts, but many deductions do not apply to the overall cost of the policy. Most only apply to specific coverage prices like collision or personal injury protection. Even though it may seem like all those discounts means the company will pay you, company stockholders wouldn't be very happy.
For a list of providers that offer multiple discounts in Colorado, click here to view.
Informed Decisions Result in Lower Insurance Costs
The best way to find cheaper car insurance is to take a look at a few of the rating criteria that go into determining your policy premiums. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could help you find cheaper rates. Lots of factors are part of the calculation when premium rates are determined. Some of the criteria are obvious such as your driving history, but others are less obvious such as your credit history or how financially stable you are.
Pay more by driving carelessly - Having a clean driving record has a lot to do with how much you pay for insurance. Having just one moving violation may cause rates to rise by twenty percent. Careful drivers pay less for auto insurance compared to bad drivers. Drivers who have gotten dangerous violations such as reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) with their state in order to legally drive.
Extra coverages can cost a lot - Policies have optional add-on coverages that may not really be needed if you aren't careful. Coverages for replacement cost coverage, towing coverage, and membership fees may not be needed and are just wasting money. You may think they are a good idea at first, but now you might not need them so remove them from your policy.
Having a spouse can save you money - Having a wife or husband may earn you lower rates compared to being single. It means you're more mature than a single person and statistics prove married couples file fewer claims.
Lower deductibles cost more - The deductibles represent how much money you are willing to pay before your car insurance pays a claim. Physical damage insurance, also called 'full coverage', is used to repair damage to your car. Some examples of claims that would be covered are rearending another vehicle, animal collisions, or theft of your vehicle. The more you choose to pay out-of-pocket, the bigger discount you will receive.
Loss probability for a Toyota Avalon - Auto insurance companies factor in historical loss data when setting premium costs. Vehicles that have higher number or severity of losses will have increased rates. The table shown below demonstrates the actual insurance loss data for Toyota Avalon vehicles.
For each coverage category, the loss probablilty for all vehicles, as a total average, equals 100. Values that are 100 or less indicate a favorable loss history, while percentages above 100 point to more losses or an increased likelihood of larger losses.
Toyota Avalon Insurance Claim Statistics
|Vehicle Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Avalon Hybrid||120||72||132||107||85||80|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
When should I contact an insurance agency?
Certain consumers prefer to sit down with an agent and doing so can bring peace of mind The biggest benefit of getting free rate quotes online is the fact that you can find cheap auto insurance rates and still choose a local agent.
Upon completion of this form (opens in new window), your insurance coverage information is submitted to agents in your area that provide free Colorado Springs car insurance quotes for your coverage. You never need to do any legwork due to the fact that quote results will go straight to your inbox. Get lower rates and work with a local agent. If you wish to get a price quote for a specific company, don't hesitate to navigate to their website to submit a rate quote request.
Choosing the best provider requires you to look at more than just the premium amount. Get answers to these questions too.
- What kind of financial rating does the company have?
- Do they get paid more for recommending certain coverages?
- Are they able to provide referrals?
- How are claims handled?
- Who are their largest clients?
- How long have they worked with personal auto insurance coverage?
- How many companies do they write for?
If you are wanting to find a local Colorado Springs insurance agency, there are two types of insurance agents and how they differ in how they quote coverages. Auto insurance policy providers can be classified as either independent or exclusive.
Exclusive Auto Insurance Agencies
Agents that elect to be exclusive can only place business with one company like Farmers Insurance, State Farm, Allstate, and AAA. Exclusive agencies are unable to compare other company's rates so if the price isn't competitive there isn't much they can do. Exclusive agents are well schooled in insurance sales which helps them sell insurance even at higher premiums. Consumers sometimes buy insurance from these agents primarily because of the brand rather than low rates.
Shown below is a list of exclusive agents in Colorado Springs who can help you get rate quotes.
- Spencer Galloway - State Farm Insurance Agent
3918 Academy Blvd N - Colorado Springs, CO 80917 - (719) 632-3700 - View Map
- Brandon Kolk - State Farm Insurance Agent
12229 Voyager Pkwy Ste 100 - Colorado Springs, CO 80921 - (719) 599-3600 - View Map
- Austin Morgan - State Farm Insurance Agent
2606 Palmer Park Blvd - Colorado Springs, CO 80909 - (719) 630-1800 - View Map
Independent Agents (or Brokers)
Independent agents often have many company appointments so they can insure your vehicles with lots of companies and possibly get better coverage at lower prices. If they find a cheaper price, the agent simply finds a different carrier without you having to go to a different agency.
If you need cheaper auto insurance rates, we recommend you get several quotes from at a minimum one independent agency so that you have a good selection of quotes to compare. Many can place coverage with smaller regional carriers which can save you money.
Below is a short list of independent insurance agents in Colorado Springs that are able to give comparison quotes.
- Jensen Insurance Agency
125 N Parkside Dr #201f - Colorado Springs, CO 80909 - (719) 635-9557 - View Map
- Pikes Peak Insurance Agency
2306 N Powers Blvd #120 - Colorado Springs, CO 80915 - (719) 591-4500 - View Map
- Southern Colorado Insurance Center
4390 Academy Blvd N - Colorado Springs, CO 80918 - (719) 329-4441 - View Map
Compare but don't skimp
When searching for low cost Colorado Springs car insurance quotes, you should never buy poor coverage just to save money. There are a lot of situations where an insured cut physical damage coverage only to find out that the few dollars in savings costed them thousands. Your strategy should be to buy enough coverage at a price you can afford, but do not sacrifice coverage to save money.
More affordable insurance in Colorado Springs can be sourced both online in addition to many Colorado Springs insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not provide online price quotes and these smaller companies sell through local independent agencies.
Consumers who switch companies do it for a number of reasons such as being labeled a high risk driver, not issuing a premium refund, extreme rates for teen drivers or high prices. Regardless of your reason, switching insurance companies can be pretty painless.
Additional learning opportunities
- Liability Insurance Coverage (Nationwide)
- Who Has the Cheapest Auto Insurance Quotes for Drivers Under 25 in Colorado? (FAQ)
- Who Has Affordable Auto Insurance Rates for Teachers in Colorado? (FAQ)
- How Much are Colorado Car Insurance Quotes for a Toyota Highlander? (FAQ)
- What Car Insurance is Cheapest for 18 Year Olds in Colorado? (FAQ)
- What is the Cheapest Car Insurance in Loveland, CO? (FAQ)
- Who Has Cheap Auto Insurance for Lyft Drivers in Colorado? (FAQ)
- Booster Seat Ratings (iihs.org)
- Avoiding Deer Collisions (Insurance Information Institute)
- Tread Depth and Tire Safety (State Farm)