Sadly, nearly 70% of customers have purchased from the same company for more than four years, and just short of a majority have never compared rate quotes at all. Colorado Springs consumers could save $610 each year, but most undervalue the large savings they would see if they switched to a cheaper policy.
If you want to save the most money, the best way to get discount Volvo V60 insurance in Colorado Springs is to do an annual price comparison from providers who can sell car insurance in Colorado.
First, read about the different coverages in a policy and the factors you can control to keep rates down. Many things that result in higher prices like traffic violations, accidents, and your credit history can be improved by making small lifestyle or driving habit changes. This article provides additional tips to prevent rate hikes and get bigger discounts.
Second, request price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can give quotes from a single company like Progressive or Farmers Insurance, while independent agents can quote rates from multiple companies.
Third, compare the quotes to your existing policy and determine if there is any savings. If you find a better price and switch companies, verify that coverage does not lapse between policies.
The most important part of shopping around is to make sure you enter identical coverages on every price quote and and to get quotes from as many companies as possible. This ensures a fair price comparison and a better comparison of the market.
Decisions You Make Can Impact Your Insurance Prices
Many things are part of the equation when you get a price on insurance. A few of the factors are predictable like your driving record, although others are less apparent like your vehicle usage or your vehicle rating.
The factors shown below are some of the most rate-impacting factors utilized by car insurance companies to help set prices.
Save money by eliminating add-on coverages – Policies have extra add-on coverages that can waste your money if you aren’t careful. Insurance for things like rental car coverage, accidental death, and motor club memberships are some examples. These may sound like a good investment initially, but now you might not need them so think about removing them and cutting costs.
No car insurance gaps is important – Not maintaining insurance is not a good idea and as a result your rates will increase for letting your insurance lapse for non-payment. Not only will you pay more, getting caught without coverage might get you a license revocation or jail time.
Raise deductibles and save – The deductibles you choose are the amount of money the insured will be required to pay before a claim is paid by your company. Physical damage coverage, aka comp and collision, insures against damage to your car. Examples of some claims that would be covered are colliding with a stationary object, damage caused by hail, or theft of your vehicle. The more you are required to pay out-of-pocket, the lower your rates will be.
Accidents drive up rates – Even one speeding ticket or other violation can bump up the cost to the point where it’s not affordable. Attentive drivers have lower premiums than their less careful counterparts. Drivers who have gotten severe violations such as DUI or willful reckless driving are required to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to continue driving.
Save by driving cars with good safety ratings – Vehicles that have high safety ratings are cheaper to insure. Safe vehicles reduce occupant injuries and any reduction in injury severity translates directly to fewer claims which can result in lower premiums. If your Volvo is rated at a minimum four stars on Safercar.gov you may qualify for a discount.
How much liability coverage do you need? – Your policy’s liability coverage is the coverage that protects you if ever you are responsible for personal injury or accident damage. This coverage provides legal defense coverage up to the limits shown on your policy. Liability is cheap compared to comp and collision, so do not skimp.
Discounts for multiple policies – The majority of companies will give better rates for people who carry more than one policy, otherwise known as a multi-policy discount. Discounts can amount to ten percent or more. Even if you already get this discount, it’s in your best interest to get quotes from other companies to make sure you are getting the best deal.
Insurance losses for a Volvo V60 – Insurers include the past claim history for a vehicle to help determine prices. Vehicles that the data shows to have higher frequency or amount of claims will have higher rates. The table below illustrates the insurance loss data for Volvo V60 vehicles.
For each policy coverage, the loss probability for all vehicles, as an average, is equal to 100. Values that are below 100 indicate a favorable loss history, while values over 100 indicate frequent claims or tendency to have larger claims.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Volvo V60 2WD | 68 | 53 | ||||
| Volvo V60 4WD | 136 | 75 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How to find a good Colorado Springs auto insurance company
Finding a highly-rated insurance company can be a challenge considering how many different companies insure vehicles in Colorado. The information in the lists below may help you decide which auto insurance companies to look at comparing rates from.
Top 10 Colorado Springs Car Insurance Companies Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- Mercury Insurance
- AAA Insurance
- State Farm
- Nationwide
- Safeco
Top 10 Colorado Springs Car Insurance Companies Ranked by Customer Service
- State Farm
- GEICO
- The Hartford
- Mercury Insurance
- Progressive
- The General
- Allstate
- AAA Insurance
- American Family
- Nationwide
A conclusion for your auto insurance search
Some insurance providers do not provide rates over the internet and these small, regional companies only sell through local independent agencies. Discount Volvo V60 insurance can be bought both online and from local insurance agents, so you need to compare both to have the best rate selection.
When getting Colorado Springs car insurance quotes online, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped full coverage and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to buy enough coverage for the lowest cost, not the least amount of coverage.
Insureds who switch companies do it for a variety of reasons including denial of a claim, delays in responding to claim requests, an unsatisfactory settlement offer or even extreme rates for teen drivers. It doesn’t matter what your reason, switching auto insurance companies is less work than it seems.
More detailed auto insurance information can be read by following these links:
- Medical Payments Coverage (Liberty Mutual)
- Who Has Affordable Auto Insurance Rates for Unemployed Drivers in Colorado Springs? (FAQ)
- Who Has Cheap Car Insurance Rates for a Jeep Grand Cherokee in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Car Insurance Rates for a 20 Year Old Male? (FAQ)
- What Insurance is Cheapest for a Toyota Corolla in Colorado Springs? (FAQ)
- What Car Insurance is Cheapest for Low Mileage Drivers in Colorado Springs? (FAQ)
- Who Has the Cheapest Colorado Springs Auto Insurance Quotes for Lyft Drivers? (FAQ)
- Who Has the Cheapest Car Insurance Rates for 18 Year Olds in Colorado Springs? (FAQ)
- Side airbags reduce rollover fatalities (Insurance Institute for Highway Safety)
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)