Locating better insurance prices for a new or used Toyota Yaris in Colorado can normally be difficult, but you can use the following methods to find lower rates.
There is a better way to shop for insurance so you're going to learn the absolute fastest way to get price quotes on a Toyota and locate the cheapest rates from Colorado Springs insurance agents and online providers.
Best Toyota Yaris insurance prices in Colorado
The car insurance companies shown below are ready to provide price quotes in Colorado Springs, CO. If multiple companies are listed, we recommend you visit two to three different companies to find the cheapest car insurance rates.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Yaris 2-Dr Hatchback||$144||$330||$480||$28||$144||$1,126||$94|
|Yaris 4-Dr Hatchback||$184||$416||$456||$28||$136||$1,220||$102|
|Yaris 4-Dr Sedan||$140||$326||$456||$28||$136||$1,086||$91|
|Yaris S 2-Dr Hatchback||$244||$454||$536||$32||$160||$1,426||$119|
|Yaris S 4-Dr Hatchback||$232||$454||$330||$20||$98||$1,134||$95|
|Yaris S 4-Dr Sedan||$216||$424||$426||$26||$128||$1,220||$102|
|Get Your Own Custom Quote Go|
Data based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Table data does not factor in specific location information which can modify prices greatly.
Full coverage rates compared to liability-only
The example below examines Toyota Yaris insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rate quotes are based on no claims or violations, $1,000 deductibles, single male driver, and no discounts are taken into consideration.
When to drop comprehensive and collision
There is no set rule that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than around 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.
For example, let's pretend your Toyota Yaris claim settlement value is $5,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, you would only receive $4,000 after you pay the deductible. If it's costing in excess of $400 a year for full coverage, then it might be time to buy liability only.
There are some situations where dropping full coverage is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.
Impact of speeding/accidents on Colorado Springs auto insurance rates
The diagram below shows how traffic citations and accident claims influence Toyota Yaris car insurance costs for different age groups. The data assumes a single female driver, full physical damage coverage, $100 deductibles, and no policy discounts are applied.
Slash rates with these discounts
Insurance can be prohibitively expensive, but there could be available discounts that many consumers don't even know exist. A few discounts will automatically apply when you complete an application, but occasionally some discounts must be specifically requested before you will receive the discount. If they aren't giving you every credit you deserve, it's possible you qualify for a lower rate.
- No Charge for an Accident - This isn't a discount exactly, but some companies like Progressive, Allstate, and GEICO allow you one accident before your rates go up so long as you haven't had any claims for a certain period of time.
- ABS Brakes - Vehicles that have anti-lock braking systems can avoid accidents so companies give up to a 10% discount.
- Air Bag Discount - Vehicles equipped with air bags can receive discounts of 20% or more.
- Drivers Education - Make teen driver coverage more affordable by requiring them to successfully take a driver's education course as it will make them better drivers and lower rates.
- Resident Student - Kids living away from Colorado Springs attending college and do not have a car may be able to be covered for less.
- Memberships - Belonging to certain professional organizations is a good way to get lower rates on your bill.
- Discounts for Safe Drivers - Drivers who don't get into accidents can save up to 40% or more on their Colorado Springs car insurance quote as compared to drivers with claims.
- Defensive Driver Discounts - Passing a driver safety course can save you 5% or more if your company offers it.
- Accident-Free Discounts - Drivers who don't have accidents pay less compared to policyholders that have many claims.
- Sign Early and Save - A few insurance companies give discounts for buying a new policy prior to your current Yaris insurance policy expiring. You can save around 10% with this discount.
Don't be surprised that many deductions do not apply to the overall cost of the policy. Most cut individual premiums such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, company stockholders wouldn't be very happy.
If you would like to see a list of providers that offer discounts in Colorado, follow this link.
Lower Your Colorado Springs Insurance Costs
Multiple criteria are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, although some other factors are more obscure like your continuous coverage or how financially stable you are. An important part of buying insurance is that you know some of the elements that help determine your car insurance rates. If you understand what determines premiums, this allows you to make good choices that can help you get lower rates.
The list below includes a partial list of the pieces that factor into your premiums.
Keep car insurance claims to a minimum - If you frequently file small claims, you can expect higher premiums or even policy non-renewal. Companies in Colorado provide cheaper rates to drivers who file claims infrequently. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
How much liability insurance - The liability coverage on your policy will afford coverage if a jury decides you are liable for damages from an accident. It will provide legal defense which can cost thousands of dollars. It is affordable coverage compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
Only buy what you need - Policies have additional extra coverages that you can get tricked into buying if you don't pay attention. Insurance for things like personal injury protection, towing, and term life insurance may be wasting your money. They may seem like a good idea when deciding what coverages you need, but now you might not need them so get rid of them and save.
Gals tend to take less risk - Statistics have proven that women are safer drivers than men. Now that doesn't mean women are BETTER drivers than men. Females and males cause fender benders in similar percentages, but the men have accidents that have higher claims. Not only are claims higher, but men receive more major tickets like DUI and reckless driving.
Urban areas may pay more - Having an address in areas with lower population has it's advantages when insuring your vehicles. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers in populated Colorado areas have to deal with traffic congestion and longer commute times. More time behind the wheel statistically corresponds to a higher accident and claim rate.
Job reflects on prices - Careers such as real estate brokers, executives and financial analysts have higher average rates attributed to intense work situations and long work hours. On the other hand, occupations such as professors, historians and retirees receive lower rates.
Older drivers are lower risk - Teen drivers in Colorado are statistically shown to be more careless when at the wheel of a vehicle so car insurance rates are higher. Older, more experienced drivers are shown to be more cautious, cost insurance companies less in claims, and receive fewer citations.
Toyota Yaris statistical loss data - Car insurance companies take into consideration historical loss data for every vehicle to determine a rate that will be profitable for them. Models that are shown to have higher loss trends will have a higher cost to insure. The table below demonstrates the collected loss data for Toyota Yaris vehicles.
For each coverage category, the statistical loss for all vehicles, as an average, is a value of 100. Numbers below 100 indicate a favorable loss history, while percentage values above 100 point to more claims or a tendancy for claims to be larger.
Insurance Loss Ratings for Toyota Yaris Vehicles
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Don't assume everyone needs the same insurance coverage
When it comes to buying insurance from an agent or online, there isn't really a one size fits all plan. Everyone's situation is a little different.
For example, these questions may help you determine if your insurance needs would benefit from professional advice.
- What is the minimum liability in Colorado?
- Is extra glass coverage worth it?
- Is a new car covered when I drive it off the dealer lot?
- What is roadside assistance coverage?
- Does my insurance cover my expensive audio equipment?
- When should my teen driver be added to my policy?
- Will my rates increase for filing one claim?
If you can't answer these questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form. It's fast, free and can provide invaluable advice.
Auto insurance quotes from local Colorado Springs insurance agents
Some people just want to visit with an insurance agent and that can be a great decision Experienced insurance agents can make sure you are properly covered and help file insurance claims. A good thing about comparing rate quotes online is that drivers can save money and get lower premium rates and still buy from a local agent. And providing support for local insurance agencies is important especially in Colorado Springs.
Once you complete this short form, your insurance data is emailed to companies in Colorado Springs that can provide free Colorado Springs car insurance quotes for your insurance coverage. There is no need to search for an agent as quotes are delivered to the email address you provide. If you have a need to compare rates from a specific insurance company, feel free to find their quoting web page and complete a quote there.
If you are searching for a local insurance agency, it's important to understand the different agency structures and how they work. Insurance agencies in Colorado Springs are classified as either exclusive or independent agents depending on their company appointments. Both types can sell and service auto insurance coverage, but it's good to learn the subtle differences since it can affect buying decisions.
Independent Auto Insurance Agents (or Brokers)
Independent agents do not have single company limitations so they have the ability to put coverage through lots of different companies and potentially find a lower price. If premiums increase, they simply move your policy to a different company and you don't have to switch agencies. When comparing auto insurance rates, we highly recommend that you get several quotes from several independent insurance agents so that you have a good selection of quotes to compare. A lot of them also have access to lesser-known insurance companies who may have lower rates.
The following is a partial list of independent agents in Colorado Springs that may be able to provide cheap rate quotes.
- Insurance Stops
2105 E Bijou St A - Colorado Springs, CO 80909 - (719) 636-3369 - View Map
- CIA-Leavitt Insurance Agency
5585 Erindale Dr #107 - Colorado Springs, CO 80918 - (719) 528-1884 - View Map
- Jensen Insurance Agency
125 N Parkside Dr #201f - Colorado Springs, CO 80909 - (719) 635-9557 - View Map
Exclusive Insurance Agents
Agents of this type work for only one company and examples are State Farm, AAA, Farmers Insurance or Allstate. They are unable to provide rate quotes from other companies so always compare other rates. They are trained well on sales techniques and that allows them to sell at a higher price point. Some people will only use the same agent partially due to the prominence of the brand and the convenience of having a single billing for all their coverages.
Below are Colorado Springs exclusive insurance agents who can help you get rate quotes.
- Larry Lucero - State Farm Insurance Agent
5225 Academy Blvd N #108 - Colorado Springs, CO 80918 - (719) 599-8661 - View Map
- Tom Harbert - State Farm Insurance Agent
8027 Academy Blvd N - Colorado Springs, CO 80920 - (719) 594-4500 - View Map
- Bob Scofield - State Farm Insurance Agent
1923 W Colorado Ave - Colorado Springs, CO 80904 - (719) 578-1111 - View Map
Choosing the best insurance agency should depend on more than just the premium amount. The answers to these questions are important, too.
- Is there a Errors and Omissions policy in force?
- What kind of financial rating does the company have?
- Are there any discounts that you might be missing?
- If independent agents, which companies do they recommend?
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they receive special compensation for putting your coverage with one company over another?
After receiving positive responses to these questions in addition to an acceptable price estimate, you have narrowed it down to an insurance agent that can be relied on to properly service your auto insurance policy. But keep in mind consumers can terminate coverage at any point so don't assume you are locked into a specific company for the entire policy term.
Persistence is the key to affordable rates
You just read a lot of tips how to save on Toyota Yaris insurance in Colorado Springs. It's most important to understand that the more you quote Colorado Springs car insurance, the higher the chance of saving money. Consumers could even find that the lowest auto insurance rates are with some of the smallest insurance companies.
While you're price shopping online, never reduce needed coverages to save money. There are a lot of situations where someone dropped physical damage coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible for the lowest price but still have enough coverage for asset protection.
Insureds change insurance companies for any number of reasons including extreme rates for teen drivers, high rates after DUI convictions, policy cancellation or lack of trust in their agent. It doesn't matter what your reason, switching companies is actually quite simple.
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