Save on Land Rover LR4 Insurance in Colorado Springs

It goes without saying that auto insurance companies want to prevent you from shopping around. Consumers who get comparison quotes once a year are likely to switch companies because of the good chance of finding coverage at a cheaper rate. A recent car insurance study discovered that consumers who did price comparisons regularly saved over $850 each year as compared to drivers who never shopped around.

If finding budget-friendly insurance is your target objective, learning the best way to compare cheaper coverage can help simplify the process.

It takes a little time, but the best way to find better pricing on Land Rover LR4 insurance in Colorado Springs is to start doing an annual price comparison from providers who sell auto insurance in Colorado. Drivers can shop around by following these steps.

• First, it will benefit you to learn about what is in your policy and the things you can control to keep rates low. Many things that result in higher prices like getting speeding tickets and an unacceptable credit score can be eliminated by improving your driving habits or financial responsibility. Read the full article for tips to help reduce premium rates and get discounts that may be available to you.
• Second, compare rates from direct, independent, and exclusive agents. Exclusive and direct companies can only give prices from one company like GEICO or Farmers Insurance, while independent agents can quote rates for a wide range of companies.
• Third, compare the price quotes to your existing coverage and determine if cheaper LR4 coverage is available. If you can save some money and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.

One bit of advice is to try to use the same coverage limits and deductibles on each quote and and to analyze every company you can. This guarantees an apples-to-apples comparison and a thorough price selection.

If you are insured now, you will be able to get lower rates using these tips. Finding affordable coverage in Colorado Springs is quite easy. But Colorado drivers do need to learn how companies sell online and take advantage of how the system works.

How to lower your Land Rover LR4 insurance cost in Colorado Springs

Most of the larger companies like State Farm, Allstate and GEICO allow consumers to get pricing on their websites. Comparing Land Rover LR4 insurance rates online is quite simple as all you need to do is type in the coverage amounts you desire into the form. When the form is submitted, the quote system makes automated requests for credit information and your driving record and returns a price determined by many factors. Using the web to get rate quotes for Land Rover LR4 insurance in Colorado Springs makes it a lot easier to compare rates and it is important to do this in order to find the best possible rates on car insurance.

To find out what other companies charge, consider comparing rates from the companies shown below. To compare your current rates, we recommend you complete the form with your coverages exactly as they are listed on your policy. Using the same limits helps guarantee you will receive an apples-to-apples comparison based on identical coverages.

The companies shown below are our best choices to provide comparison quotes in Colorado Springs, CO. If multiple companies are listed, we suggest you compare several of them to find the most affordable auto insurance rates.

Discount Colorado Springs insurance rates

Insuring your vehicles can cost a lot, but there’s a good chance there are discounts that you may not even be aware of. Most are applied when you purchase, but occasionally some discounts must be asked for before they will apply.

• Online Discount – Some of the larger companies will discount your bill up to fifty bucks for buying your policy on your computer.
• Telematics Data Discounts – Drivers who elect to allow their company to scrutinize driving habits by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they have good driving habits.
• Service Members Pay Less – Being on active deployment in the military can result in better rates.
• Discount for Swiching Early – A few larger companies offer discounts for buying a new policy early. You may see this discount when you get Colorado Springs auto insurance quotes online.
• Pay Early and Save – If you pay your bill all at once rather than paying monthly you could save 5% or more.

Drivers should understand that most of the big mark downs will not be given to the whole policy. Most cut specific coverage prices like comp or med pay. Despite the appearance that all those discounts means the company will pay you, insurance companies aren’t that generous. Any amount of discount will reduce your policy cost.

The chart below visualizes the comparison of Land Rover LR4 yearly insurance costs with and without discounts applied to the policy premium. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, marriage, multi-car, and homeowner discounts applied.

Some companies that may include some of the discounts shown above may include but are not limited to:

• Progressive
• MetLife
• Mercury Insurance
• Nationwide
• GEICO
• AAA

When comparing rates, check with all the companies what discounts are available to you. Some discounts listed above may not apply to policies in your area.

Coverage analysis

The premium table displayed below outlines detailed analysis of insurance prices for Land Rover LR4 models. Being able to understand how insurance policy rates are calculated can benefit drivers when making smart choices when selecting a coverage provider.

Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, safe-driver, and multi-policy. Information does not factor in zip code location which can modify price quotes significantly.

Policy deductible comparison

The hardest decision when buying coverage is what deductibles to buy. The following insurance rates illustrate the differences in premium rates of buying low and high deductibles. The first price estimate table uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Premium amounts do not factor in vehicle garaging location which can lower or raise price quotes substantially.

Based on the data above, we can derive that using a $100 deductible could cost the average driver approximately $49 more each month or $588 each year averaged for all LR4 models than selecting the higher $1,000 deductible. Because you would be required to pay $900 more to settle a claim with a $1,000 deductible as compared to a $100 deductible, if you tend to go at least 18 months between claims, you would more than likely save some money going with the higher deductible.

Does full coverage make sense?

The information below compares Land Rover LR4 annual premium costs with and without full coverage. The costs are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are factored in.

When to drop comp and collision

There is no clear-cut rule to exclude full coverage, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than 10% of the settlement you would receive from your company, then you might want to consider buying only liability coverage.

For example, let’s say your Land Rover LR4 claim settlement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company will settle for is $8,000 after the deductible is paid. If premiums are more than $800 annually to have full coverage, then it may be the right time to buy liability only.

There are some scenarios where buying only liability insurance is not financially feasible. If you still have a lienholder on your title, you have to maintain full coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

When should I contact an agent?

Some consumers still prefer to sit down with an agent and that is recommended in a lot of cases A nice benefit of comparing rates online is that you can obtain the lowest rates but also keep your business local. And buying from neighborhood agents is especially important in Colorado Springs.

After completing this quick form, your insurance coverage information is emailed to local insurance agents who can give free rate quotes to get your business. You won’t even need to find an agent on your own since price quotes are sent to you instantly. You can find better rates and an insurance agent to talk to. In the event you want to quote rates from a specific company, feel free to jump over to their website and submit a quote form there.

Colorado Springs car insurance agents come in two flavors

When narrowing the list to find a reliable agent, there are two types of agencies and how they operate. Insurance agencies in Colorado Springs can be categorized as either independent agents or exclusive agents depending on their employer.

Independent Agents

Independent agencies are appointed with more than one company so they can quote policies through many different insurance companies and possibly get better coverage at lower prices. If they quote lower rates, an independent agent can move your coverage without you having to go to a different agency. If you are comparing rate quotes, it’s recommended you compare prices from a few independent agents for the best price selection.

Listed below is a list of independent agents in Colorado Springs who can help you get free insurance rate quotes.

View more agents

Exclusive Insurance Agents

These type of agents can only place business with one company such as AAA, Allstate, and State Farm. These agents are not able to compare other company’s rates so it’s a take it or leave it situation. Exclusive agencies are usually quite knowledgeable on their company’s products which can be an advantage.

Below is a short list of exclusive insurance agencies in Colorado Springs that are able to give price quote information.

View more agents

Picking the best insurance agency should depend on more than just a cheap price. Agents should be asked these questions:

• Are aftermarket or OEM parts used to repair vehicles?
• Will high miles depreciate repair valuations?
• Will they give you a referral list?
• Does the company have a solid financial rating?
• Will the company cover a rental car if your car is getting fixed?
• Which insurance company do they prefer to write with?
• Is there a 24/7 contact number?

Get Cheap Insurance Premiums by Understanding These Factors

When buying auto insurance it’s important to understand some of the factors that aid in calculating your policy premiums. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could help you find cheaper rates.

• Lower auto insurance rates with alarm systems – Purchasing a vehicle with a theft deterrent system can help lower your premiums. Theft deterrent systems such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all help prevent car theft.
• Vehicles with better crash test results cost less to insure – Vehicles with high crash test scores tend to have lower insurance rates. Highly rated vehicles protect occupants better and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you.
• Avoid unnecessary incidental coverages – Policies have extra bells and whistles that you can get tricked into buying on your LR4 policy. Coverage for things like rental car reimbursement, towing coverage, and extra equipment coverage are some examples. The coverages may be enticing when discussing your needs, but if you have no use for them get rid of them and save.
• Premiums are affected by your credit score – Having a good credit score is likely to be a major factor in determining premium rates. People that have excellent credit scores tend to be less risk to insure than drivers with worse credit. So if your credit score is not that good, you could potentially save money when insuring your Land Rover LR4 if you improve your credit rating.
• A auto insurance policy lapse can increase premiums – Going without insurance can be a quick way to drive up your policy premiums. And not only will insurance be more expensive, not being able to provide proof of insurance will get you a steep fine or even jail time.
• Higher prices for specific vocations – Careers like military generals, police officers, and accountants generally pay higher rates than the rest of us in part from intense work-related stress and extremely grueling work hours. Conversely, occupations like farmers, athletes and performers receive lower rates.
• More miles driven equals more premium – The higher the mileage driven in a year’s time the higher your rate. A lot of insurance companies charge rates based upon how much you drive. Cars and trucks used primarily for pleasure use cost less to insure compared to those used for work or business. It’s always a good idea to double check that your auto insurance policy correctly shows the proper vehicle usage, because improper ratings can cost you money. Having the wrong rating on your LR4 can result in significantly higher rates.

• Performance affects insurance rates – The performance level of the car you are buying insurance for makes a big difference in your car insurance bill. The most favorable rates are generally reserved for lower performance four cylinder passenger vehicles, but many other things help determine your insurance rates.

  The next chart is based on a married male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. The chart compares Land Rover LR4 rates compared to other makes and models that have a range of risk factors.

• Insurance loss statistics a Land Rover LR4 – Auto insurance companies analyze historical claim data to help set a rate to offset losses. Models that the statistics show to have a trend towards higher claim severity or frequency will have a higher cost to insure.

  The table shown below demonstrates the compiled insurance loss statistics for Land Rover LR4 vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of manufacturer or model, is a value of 100. Values that are 100 or less suggest losses that are better than average, while percentage values above 100 point to more frequent losses or an increased chance of larger losses than average.

  
  

  Land Rover LR4 Insurance Claim Statistics

  Vehicle Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Land Rover LR4 4dr 4WD	87	105	134	47

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Here’s why car insurance is not optional

Despite the potentially high cost of Land Rover LR4 insurance, buying car insurance is not optional due to several reasons.

• Most states have minimum mandated liability insurance limits which means the state requires a minimum amount of liability coverage 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.
• If your LR4 has a lienholder, it’s guaranteed your bank will stipulate that you have physical damage coverage to guarantee payment of the loan. If you cancel or allow the policy to lapse, the bank may insure your Land Rover at a much higher rate and require you to pay the higher price.
• Car insurance preserves both your Land Rover and your personal assets. It will also pay for all forms of medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If your Land Rover gets damaged, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of insuring your LR4 definitely exceed the cost, especially when you need to use it. According to a survey of 1,000 drivers, the average driver overpays more than $865 each year so it’s important to compare rates at least once a year to ensure rates are competitive.

Cheaper auto insurance rates are possible

Cheaper auto insurance in Colorado Springs is available from both online companies in addition to local insurance agencies, and you should compare rates from both in order to have the best chance of saving money. Some companies do not provide the ability to get quotes online and many times these smaller companies prefer to sell through independent insurance agents.

We just covered many ideas to lower your Land Rover LR4 insurance rates in Colorado Springs. The key thing to remember is the more providers you compare, the better your comparison will be. Drivers may even discover the best rates are with an unexpected company. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as Allstate, GEICO and Progressive.

Additional auto insurance information is located below:

• Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
• How Much is Colorado Springs Auto Insurance for Seniors? (FAQ)
• Who Has Affordable Car Insurance Quotes for Drivers Over Age 70 in Colorado Springs? (FAQ)
• Preventing Carjacking and Theft (Insurance Information Institute)
• Child Safety Seats (Insurance Information Institute)
• Teen Driver Licensing Information (iihs.org)