How many times have you told yourself it’s time to shop around for lower-priced auto insurance rates in Colorado Springs, CO? Colorado Springs shoppers have a choice when shopping for low-cost Land Rover LR2 insurance. They can either spend hours driving around getting price quotes or use the internet to compare rates.
There is a right way and a wrong way to buy auto insurance and we’ll show you the absolute fastest way to price shop coverage on a Land Rover and find the lowest price.
Lower-cost Land Rover LR2 insurance in Colorado Springs
Car insurance is neither fun to buy or cheap, but you may qualify for discounts to cut the cost considerably. Certain reductions will be credited at the time of quoting, but some discounts are required to be requested specifically prior to getting the savings. If you’re not getting every credit you qualify for, you’re just leaving money on the table.
- Passenger Safety Discount – Vehicles with factory air bags or motorized seat belts can receive discounts of 20% or more.
- Active Service Discounts – Being on active deployment in the military could mean lower rates.
- Government Employees – Employees or retirees of the government may qualify for a discount when you quote Colorado Springs car insurance with select insurance companies.
- No Accidents – Insureds with no claims or accidents can earn big discounts when compared to accident-prone drivers.
- Seat Belt Discounts – Drivers who require all vehicle occupants to fasten their seat belts can save a little on the premium charged for medical payments and/or PIP.
- Telematics Devices – People who choose to allow driving data submission to study when and where they use their vehicle by using a telematics device such as State Farm’s In-Drive could possibly reduce rates if they exhibit good driving behavior.
Don’t be shocked that most credits do not apply to the entire policy premium. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it appears having all the discounts means you get insurance for free, that’s just not realistic.
The chart below visualizes the comparison of Land Rover LR2 insurance premiums with and without some available policy discounts. The data is based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, multi-policy, homeowner, marriage, claim-free, and safe-driver discounts applied.
A few popular companies and a partial list of their discounts include:
- GEICO offers discounts for five-year accident-free, membership and employees, anti-theft, multi-policy, and driver training.
- Travelers has savings for multi-policy, early quote, IntelliDrive, save driver, new car, student away at school, and payment discounts.
- Farm Bureau may offer discounts for multi-policy, youthful driver, safe driver, driver training, good student, and renewal discount.
- Liberty Mutual may have discounts that include good student, teen driver discount, preferred payment discount, newly married, new vehicle discount, new move discount, and hybrid vehicle.
- American Family has discounts for good driver, TimeAway discount, air bags, mySafetyValet, bundled insurance, defensive driver, and Steer into Savings.
- Progressive discounts include homeowner, online signing, online quote discount, continuous coverage, multi-policy, and multi-vehicle.
Before purchasing a policy, check with each insurance company how many discounts you can get. Some discounts listed above may not apply to policies everywhere. To see a list of providers with discount car insurance rates in Colorado Springs, click here.
Lowering your auto insurance rates isn’t really that difficult. Consumers just need to spend a few minutes on the computer comparing free Colorado Springs car insurance quotes online with multiple companies.
The companies shown below provide price quotes in Colorado Springs, CO. If multiple companies are listed, we recommend you visit several of them in order to find the most affordable rates.
Rates and other information
The information displayed below covers different insurance rates for Land Rover LR2 models. Having a good understanding how policy rates are determined can be useful when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $326 | $662 | $396 | $24 | $118 | $1,526 | $127 |
| LR2 HSE | $326 | $662 | $396 | $24 | $118 | $1,526 | $127 |
| LR2 HSE Luxury | $326 | $662 | $396 | $24 | $118 | $1,526 | $127 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Estimates do not factor in vehicle location which can change premium rates substantially.
Policy deductibles
One frequently asked question is at what level do you set your deductibles. The following insurance rates summarize how much more you’ll pay when you buy lower versus higher insurance deductibles. The first rate quote example uses a $100 deductible for physical damage and the second pricing table uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $380 | $644 | $352 | $20 | $106 | $1,527 | $127 |
| LR2 HSE | $380 | $644 | $352 | $20 | $106 | $1,527 | $127 |
| LR2 HSE Luxury | $380 | $644 | $352 | $20 | $106 | $1,527 | $127 |
| Get Your Own Custom Quote Go | |||||||
| 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 |
| Get Your Own Custom Quote Go | |||||||
Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Rate quotes do not factor in vehicle location which can lower or raise premiums substantially.
Based on these figures, using a $100 deductible costs roughly $41 more each month or $492 for a full year across all Land Rover LR2 models than opting for the higher $1,000 deductible. Because you would pay $900 more to file a claim with a $1,000 deductible as compared to a $100 deductible, if you average at least 22 months between claim filings, you would save more money going with the higher deductible.
Men versus women drivers and insurance cost
The diagram below illustrates the difference between Land Rover LR2 insurance prices for male and female drivers. The information is based on no accidents, no driving violations, full coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.
How much more does full coverage cost in Colorado Springs?
The chart below shows the comparison of Land Rover LR2 insurance rates with full coverage and liability only. The rate quotes are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied to the premium.
Deciding between full coverage and liability only
There isn’t a steadfast formula of when to eliminate full coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Land Rover LR2 book value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $2,000 after the policy deductible has been paid. If it’s costing in excess of $200 a year to have full coverage, then it may be the right time to buy liability only.
There are some cases where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you have to carry full coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.
How Insurers Calculate Land Rover LR2 Insurance Prices
Lots of things are used in the calculation when you get a price on insurance. Some are obvious such as your driving history, but some are more transparent such as your marital status or how safe your car is. It’s important that you understand a few of the rating criteria that help calculate the rates you pay for auto insurance. If you have a feel for what determines premiums, this helps enable you to make changes that may reward you with much lower annual insurance costs.
The items below are some of the major factors utilized by car insurance companies to help set your prices.
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Older drivers pay less – Beginning drivers in Colorado are known to be more careless when behind the wheel and because of this, their auto insurance rates are much higher. Older drivers are more cautious drivers, file fewer claims, and are generally more financially stable.
The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
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Accidents hurt – Being a careful driver impacts premiums far more than you think. Having a single citation may increase your cost substantially. Good drivers pay less for auto insurance as compared to careless drivers. Drivers with serious violations like DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.
The example below demonstrates how citations and fender-benders increase Land Rover LR2 car insurance rates for different age categories. The rates are based on a married male driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
- City dwellers may pay more – Living in smaller towns and rural areas of the country has definite advantages when talking about auto insurance. Urban drivers regularly have traffic congestion and longer commutes to work. Less people living in that area means fewer accidents and also fewer theft and vandalism claims.
- Allowing your policy to lapse raises rates – Allowing your auto insurance policy to lapse is a quick way to increase your auto insurance rates. And not only will insurance be more expensive, the inability to provide proof of insurance could result in a hefty fine and possibly a revoked license.
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Land Rover LR2 claim probability – Auto insurance companies analyze the history of losses to help set a rate to offset losses. Models that have higher number or severity of losses will have a higher cost to insure. The information below illustrates the collected loss data for Land Rover LR2 vehicles.
For each policy coverage type, the claim amount for all vehicles, without regard to make or model, is a value of 100. Values that are below 100 suggest a better than average loss history, while numbers above 100 point to more losses or a tendency for losses to be larger than average.
Auto Insurance Loss Data for Land Rover LR2 Models Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Land Rover LR2 4dr 4WD 115 162 99 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Insurance agent or online?
A small number of people would rather get advice from a local agent and that can be a great decision Most agents can answer important questions and give you someone to call. The biggest benefit of getting free rate quotes online is you can get cheaper car insurance rates and still buy from a local agent. Buying insurance from local agencies is important particularly in Colorado Springs.
After filling out this form (opens in new window), your coverage information is instantly submitted to local insurance agents in Colorado Springs who will give you bids and help you find cheaper coverage. You won’t even need to search for any insurance agencies because quoted prices will be sent immediately to you. If you have a need to get a comparison quote from a particular provider, don’t hesitate to go to their quote page to submit a rate quote request.
Pick the best car insurance agent in Colorado Springs for you
If you need to find a local Colorado Springs insurance agency, it’s helpful to know the types of agencies from which to choose. Insurance policy providers may be either independent (non-exclusive) or exclusive. Both types can sell and service insurance coverage, but it’s worth learning the difference between them because it may have an impact on your selection of an agent.
Independent Insurance Agents
Independent agents are not employed by one company so as a result can place your coverage amongst many companies and find you the best rates. If you want to switch companies, they simply move your policy to a different company and you won’t have to switch agencies. If you are trying to find cheaper rates, you absolutely need to include price quotes from at a minimum one independent agency to have the best price comparison. Most also have access to smaller mutual companies which may provide better rates.
Listed below is a short list of independent agents in Colorado Springs that can possibly get you free insurance quotes.
- Mary Beth Stiltner Insurance Agency
1880 Dublin Blvd # C – Colorado Springs, CO 80918 – (719) 528-1555 – View Map - Pikes Peak Insurance Agency
2306 N Powers Blvd #120 – Colorado Springs, CO 80915 – (719) 591-4500 – View Map - ALINK Insurance Services- Colorado Springs Location
2407 W Colorado Ave – Colorado Springs, CO 80904 – (719) 473-6262 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can only place business with one company such as American Family, State Farm, and Allstate. These agents are not able to compare other company’s rates so always compare other rates. Exclusive insurance agents receive extensive training on their company’s products which can be an advantage. Some consumers prefer to buy from exclusive agents partially due to the brand legacy rather than low rates.
Listed below is a short list of exclusive agencies in Colorado Springs willing to provide price quote information.
- Farmers Insurance – Michael Hendrickson
24 S Weber St #135 – Colorado Springs, CO 80903 – (719) 572-5938 – View Map - Chris Sutherland – State Farm Insurance Agent
6130 Barnes Rd #104 – Colorado Springs, CO 80922 – (719) 598-8211 – View Map - Farmers Insurance – Mark Olsen
1870 Dublin Blvd e – Colorado Springs, CO 80918 – (719) 593-9916 – View Map
Picking an auto insurance agent should include more criteria than just the bottom line cost. These are some valid questions you should ask.
- Are aftermarket or OEM parts used to repair vehicles?
- Which companies can they place coverage with?
- Is the coverage adequate for your vehicle?
- Can you choose the body shop in case repairs are needed?
- If you raise deductibles, how much can you save?
- Are they able to provide referrals?
Three good reasons to insure your LR2
Despite the fact that car insurance is not cheap in Colorado Springs, car insurance is mandatory in Colorado but it also protects more than you think.
- Most states have mandatory insurance requirements which means state laws require a specific minimum amount of liability insurance coverage if you drive a vehicle. 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.
- If your LR2 has a loan, it’s guaranteed your bank will stipulate that you have insurance to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank will be required to insure your Land Rover at a much higher rate and make you pay a much higher amount than you were paying before.
- Insurance protects not only your vehicle but also your assets. It also can pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage also covers legal expenses if you are sued as the result of your driving. If mother nature or an accident damages your car, your car insurance policy will cover the repair costs.
The benefits of having car insurance more than offset the price you pay, especially when you need to use it. On average, a vehicle owner in Colorado Springs is wasting up to $865 each year so shop around at every policy renewal to help ensure money is not being wasted.
Shop around and save
Throughout this article, we presented a lot of ways to shop for Land Rover LR2 insurance online. The most important thing to understand is the more rate quotes you have, the better your comparison will be. Drivers may even discover the lowest priced car insurance comes from a smaller regional carrier.
Affordable Land Rover LR2 insurance in Colorado Springs is possible online and from local agencies, and you should compare price quotes from both to get a complete price analysis. Some insurance providers do not offer rate quotes online and most of the time these smaller companies prefer to sell through independent insurance agencies.
When trying to cut insurance costs, don’t be tempted to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped liability coverage limits and found out when filing a claim that they should have had better coverage. Your objective should be to buy a smart amount of coverage at the lowest possible cost, but don’t skip important coverages to save money.
Steps to finding cheaper Land Rover LR2 insurance in Colorado Springs
Really, the only way to get low-cost car insurance rates is to start comparing prices regularly from insurance carriers who provide auto insurance in Colorado Springs. Rate comparisons can be done by completing these steps.
Step 1: Take a little time to learn about how car insurance works and the measures you can take to prevent rate increases. Many rating criteria that are responsible for high rates such as accidents, traffic tickets, and a bad credit rating can be controlled by making minor driving habit or lifestyle changes.
Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agencies can quote rates for a wide range of insurance providers. View insurance agents
Step 3: Compare the new rates to the price on your current policy to determine if you can save on LR2 insurance. If you find a better price and switch companies, verify that coverage does not lapse between policies.
One key aspect when comparing rates is to use the same physical damage deductibles and liability limits on each quote request and and to get prices from as many companies as possible. This helps ensure an apples-to-apples comparison and a complete rate analysis.
For more information, link through to the articles below:
- Top Signs Your Brakes are Giving Out (State Farm)
- Who Has Affordable Auto Insurance Rates for Unemployed Drivers in Colorado Springs? (FAQ)
- Who Has Cheap Colorado Springs Auto Insurance Rates for a Ford Escape? (FAQ)
- Who Has Affordable Auto Insurance Rates for Drivers Over Age 50 in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Rates for a Chevrolet Equinox? (FAQ)
- How Much are Colorado Springs Auto Insurance Quotes for a Honda Accord? (FAQ)
- Who Has Affordable Car Insurance Rates for Uber Drivers in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Quotes for Lyft Drivers? (FAQ)
- Understanding Rental Car Insurance (Insurance Information Institute)
- Things to Know Before you Cancel Insurance (Allstate)
- Driving in Bad Weather (Insurance Information Institute)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)