If you are a novice to online auto insurance shopping, chances are good that you are baffled by the sheer number of online auto insurance companies and websites that all promise to save you money.
Astonishing but true, a large majority of consumers renewed their policy with the same company for more than four years, and nearly half have never even compared quotes to find cheaper rates. American drivers can cut their rates by roughly 47% a year, but they underestimate how much they could save if they bought a different policy.
It's important to price shop coverage on a regular basis since prices change frequently. Even if you got the best rates on Toyota Prius V insurance in Fort Collins two years ago there is a good chance you can find better rate quotes now. You can find a lot of information about Prius V insurance out there, but you can learn some great ideas on how to find cheap auto insurance in Fort Collins.
Choosing the best insurance company for you in Fort Collins is not that difficult. Essentially every car owner who has to purchase auto insurance will find a cheaper policy. But Colorado consumers must understand how companies sell insurance online because rates are impacted by many factors.
How to compare free Fort Collins Toyota Prius V insurance price quotes
All the larger car insurance companies give coverage prices on their websites. Getting online rates for Toyota Prius V insurance in Fort Collins is very simple as you just type in the amount of coverage you want into the form. After the form is submitted, their system requests your driving and credit reports and gives you a price quote.
Using the web to get quotes for Toyota Prius V insurance in Fort Collins makes it easy to compare insurance prices and it's very important to perform this step in order to find the best rate.
In order to compare rates using this form now, take a look at the companies shown below. If you have your current policy handy, we recommend you duplicate your coverages exactly as they are listed on your policy. This makes sure you will get comparison quotes for the exact same coverage.
The companies shown below have been selected to offer free rate quotes in Colorado. If more than one company is shown, it's a good idea that you compare several of them in order to get a fair rate comparison.
Car insurance is not optional
Even though it's not necessarily cheap to insure a Toyota in Fort Collins, maintaining insurance serves several important purposes.
First, just about all states have compulsory liability insurance requirements which means you are required to buy a minimum amount of liability if you don't want to risk a ticket. 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 your vehicle has a lienholder, almost every bank will make it mandatory that you have full coverage to guarantee loan repayment. If you default on your policy, the bank or lender will purchase a policy for your Toyota at a much higher premium rate and force you to reimburse them much more than you were paying before.
Third, car insurance preserves both your vehicle and your assets. It also can pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense in the event you are sued. If mother nature or an accident damages your car, your car insurance policy will pay to repair the damage minus the deductible amount.
The benefits of insuring your Prius V definitely exceed the price paid, particularly for liability claims. In a recent study of 1,000 drivers, the average customer is wasting up to $820 a year so shop around at least once a year to make sure the price is not too high.
Lower Your Fort Collins Insurance Costs
An important part of buying insurance is that you know some of the factors that help calculate car insurance rates. If you understand what determines premiums, this empowers consumers to make smart changes that can help you get better car insurance rates.
Shown below are some of the things used by insurance companies to determine your rates.
Insurance rates for married couples - Getting married may save some money when shopping for car insurance. Marriage means you're more responsible and statistics prove being married results in fewer claims.
Cheaper rates with high coverage deductibles - Insurance for physical damage to your car, also known as collision and other-than-collision, is used to repair damage to your Toyota. Some coverage claims would be colliding with a building, hitting a deer, and burglary. Deductibles for physical damage define how much you are required to pay in the event of a claim. The more the insured is willing to pay, the less money you will pay for car insurance.
Gender as a rate factor - Statistics have proven females are less aggressive when driving. However, this does not mean men are WORSE drivers than women. They both cause auto accidents at a similar rate, but the male of the species have accidents that have higher claims. Men also statistically get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 are most likely to cause an accident and therefore are the most expensive to insure.
Job can influence rates - Jobs such as real estate brokers, business owners and accountants generally pay higher rates than average in part from intense work requirements and long work days. On the other hand, jobs like farmers, engineers and performers pay lower than average rates.
Loss statistics for a Toyota Prius V - Insurers analyze claim trends for every vehicle to help set a rate to offset losses. Models that are shown to have higher claim amounts or frequency will have a higher premium rate.
The table below shows the loss history for Toyota Prius V vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of make or model, is a value of 100. Values under 100 mean the vehicle has better than average losses, while numbers above 100 point to more losses or tendancy to have larger claims.
Toyota Prius V Insurance Claim Statistics
|Vehicle Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Prius V Hybrid||94||86||88||88||94||97|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Get cheaper rates on Toyota Prius V insurance in Fort Collins with these discounts
Insurance is easily one of your largest bills, but there's a good chance there are discounts that could drop your premiums quite a bit. Larger premium reductions will be automatically applied when you quote, but a few must be specifically requested prior to getting the savings.
- Passive Restraint Discount - Options like air bags and/or automatic seat belt systems may get savings of 20 to 30 percent.
- Distant Student Discount - Any of your kids who are enrolled in higher education away from home and do not have a car may be able to be covered for less.
- Use Seat Belts - Requiring all passengers to use a seat belt can save a little off the personal injury premium cost.
- Paper-free Discount - A few larger online companies will provide an incentive for buying your policy online.
- Smart Student Discounts - This discount can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
- Discount for Life Insurance - Not every insurance company offers life insurance, but if they do you may earn a small discount if you purchase a life insurance policy as well.
- Switch and Save Discount - A few insurance companies offer discounts for switching to them before your current expiration date. This discount can save up to 10%.
- Clubs and Organizations - Affiliation with a qualifying organization could trigger savings when shopping for insurance.
- Military Rewards - Having an actively deployed family member could qualify you for better prices.
Don't be shocked that most of the big mark downs will not be given to the entire cost. Most only apply to the cost of specific coverages such as liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, nobody gets a free ride.
Some of the larger companies who may offer these benefits include:
It's a good idea to ask each company to give you their best rates. Some credits may not be offered in Fort Collins. If you would like to choose from a list of insurance companies that have a full spectrum of discounts in Colorado, follow this link.
Local neighborhood insurance agents
Some people prefer to buy from a local agent and that is not a bad decision A good thing about price shopping on the web is that you can find cheap auto insurance quotes but also keep your business local.
To find an agent, once you fill out this form (opens in new window), your insurance data is instantly submitted to local insurance agents in Fort Collins who can give free rate quotes for your coverage. You won't even need to drive around because quoted prices will be sent immediately to you. You can find the lowest rates and a licensed agent to talk to. If you have a need to get a comparison quote from a specific auto insurance provider, don't hesitate to visit that company's website and give them your coverage information.
Deciding on an company should include more criteria than just the quoted price. Some important questions to ask are:
- Do they feel the quoted coverages are adequate?
- Are there any extra charges for paying monthly?
- How much can you save by raising your physical damage deductibles?
- How experienced are they in personal risk management?
- Who are their largest clients?
- Are claim adjusters local or do you have to take your car somewhere else?
- What are their preferred companies if they are an independent agency?
- Will they take your side in the event of a claim?
When researching a reliable agent, you need to know there are two different types of agencies and how they can quote your rates. Auto insurance policy providers may be either exclusive or independent (non-exclusive).
Exclusive Insurance Agents
Agents of this type can only provide pricing for a single company like Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot provide prices from multiple companies so you need to shop around if the rates are high. They are usually quite knowledgeable on their company's products which helps them sell insurance even at higher premiums. Some people will only choose to use a exclusive agent mostly because of loyalty to the company rather than low price.
Shown below is a list of exclusive agencies in Fort Collins who can help you get rate quotes.
- Brad Bischoff - State Farm Insurance Agent
1300 Oakridge Dr #100 - Fort Collins, CO 80525 - (970) 223-9400 - View Map
- Allstate Insurance: Richard Snyder
Ironwood Plaza, 3201 E Mulberry St h - Fort Collins, CO 80524 - (970) 224-5757 - View Map
- Allstate Insurance: Jeffrey Greco
315 W Magnolia St # 7 - Fort Collins, CO 80521 - (970) 407-0706 - View Map
Independent Agencies or Brokers
Agents that elect to be independent are not employed by one company and that allows them to write policies through many companies depending on which coverage is best. If they find a lower price, the agent simply finds a different carrier and you don't have to do anything. When comparing auto insurance prices, you absolutely need to compare prices from multiple independent agents to have the most options to choose from. Most also write with smaller companies which may provide better rates.
The following are Fort Collins independent agencies that can give you rate quotes.
- Northern Colorado Insurance Services Inc
525 N Denver Ave - Loveland, CO 80537 - (970) 622-9734 - View Map
- ABC Insurance Agency
121 E Swallow Rd - Fort Collins, CO 80525 - (970) 484-3200 - View Map
- Fort Collins Insurance Agency, LLC
1730 S College Ave #202 - Fort Collins, CO 80525 - (970) 222-9477 - View Map
Affordable car insurance premiums are out there
Consumers switch companies for a number of reasons such as lack of trust in their agent, delays in paying claims, questionable increases in premium or even denial of a claim. It doesn't matter what your reason, finding the right car insurance provider is actually quite simple.
As you prepare to switch companies, it's not a good idea to buy poor coverage just to save money. In many cases, an insured cut collision coverage and learned later that the few dollars in savings costed them thousands. The proper strategy is to get the best coverage possible at the lowest possible cost, but don't skip important coverages to save money.
Affordable Toyota Prius V insurance in Fort Collins is definitely available from both online companies and with local Fort Collins insurance agents, so get free Fort Collins auto insurance quotes from both of them so you have a total pricing picture. Some companies may not have the ability to get quotes online and these smaller providers work with local independent agencies.
To learn more, feel free to visit the following helpful articles:
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Who Has Affordable Auto Insurance Quotes for a Jeep Wrangler in Colorado? (FAQ)
- How Much is Colorado Auto Insurance for High School Students? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Automakers compete to add autobraking (Insurance Institute for Highway Safety)