It takes a little time, but the best way to find lower priced auto insurance rates in Colorado Springs is to compare quotes annually from providers in Colorado.
First, get an understanding of individual coverages and the measures you can control to prevent expensive coverage. Many rating criteria that result in higher prices such as accidents, traffic violations, and a negative credit rating can be improved by making minor driving habit or lifestyle changes.
Second, compare price quotes from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Allstate, while agents who are independent can quote rates from multiple companies.
Third, compare the new rate quotes to your existing rates to see if switching to a new carrier will save money. If you can save money, ensure coverage does not lapse between policies.
One thing to remember is to use identical limits and deductibles on each quote request and and to get quotes from as many companies as feasibly possible. Doing this helps ensure an apples-to-apples comparison and the best price selection.
Amazingly, almost 70% of drivers kept their coverage with the same car insurance company for more than four years, and nearly the majority have never even compared quotes to find cheaper rates. Colorado Springs insurance shoppers can save hundreds of dollars each year by just comparing quotes, but they just don’t want to compare rate quotes online.
How to buy Chrysler Sebring insurance online
Most companies make it easy to get price estimates on the web. This process is pretty painless as you simply enter your coverage information as detailed in the form. Upon sending the form, the company’s rating system automatically orders information on your driving record and credit history and returns a price quote determined by many factors.
The ability to get online price quotes for Chrysler Sebring insurance in Colorado Springs streamlines rate comparisons, and it’s very important to get many rate quotes if you want to get the lowest possible payments on car insurance.
In order to use this form to compare rates, check out the car insurance providers below. To compare your current rates, we recommend you type in your coverages as close as possible to your current policy. Doing this assures you’re receiving rate comparison quotes using the same coverage and limits.
The companies shown below have been selected to offer comparison quotes in Colorado. To locate cheaper car insurance in Colorado Springs, we recommend you visit two to three different companies to find the lowest car insurance rates.
Car insurance is not optional but you don’t have to overpay
Despite the potentially high cost of Chrysler Sebring insurance, buying car insurance may be required and benefits you in several ways.
- Most states have compulsory liability insurance requirements which means it is punishable by state law to not carry specific limits of liability protection 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 Chrysler has a loan, most lenders will stipulate that you carry insurance to ensure the loan is repaid in case of a total loss. If you do not pay your insurance premiums, the bank will be required to insure your Chrysler at a much higher rate and require you to reimburse them a much higher amount than you were paying before.
- Car insurance preserves your car and your assets. It will also provide coverage for most medical and hospital costs for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay attorney fees if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying enough insurance outweigh the cost, particularly when you have a large claim. In a recent study of 1,000 drivers, the average customer is wasting up to $800 each year so it’s recommended you shop around each time the policy renews to ensure rates are competitive.
Insurance coverage details
The price information below covers a range of coverage costs for Chrysler Sebring models. Having a good grasp of how car insurance prices are determined is important for you to make smart policy decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $130 | $282 | $330 | $20 | $98 | $860 | $72 |
| Sebring Limited 4-Dr Sedan | $130 | $282 | $330 | $20 | $98 | $860 | $72 |
| Sebring LX 2-Dr Convertible | $146 | $282 | $330 | $20 | $98 | $876 | $73 |
| Sebring Touring 2-Dr Convertible | $146 | $282 | $330 | $20 | $98 | $876 | $73 |
| Sebring Limited 2-Dr Convertible | $162 | $324 | $330 | $20 | $98 | $934 | $78 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Table data does not factor in your specific Colorado Springs location which can influence premium rates greatly.
Physical damage deductibles
When shopping for auto insurance, a common question is at what level do you set your deductibles. The comparison tables below highlight how much more you’ll pay when you select higher and lower coverage deductibles. The first price estimate table uses a $100 physical damage coverage deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Sebring Limited 4-Dr Sedan | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Sebring LX 2-Dr Convertible | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Sebring Touring 2-Dr Convertible | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Sebring Limited 2-Dr Convertible | $380 | $740 | $352 | $20 | $106 | $1,623 | $135 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Sebring Touring 4-Dr Sedan | $168 | $340 | $352 | $20 | $106 | $986 | $82 |
| Sebring Limited 4-Dr Sedan | $168 | $340 | $352 | $20 | $106 | $986 | $82 |
| Sebring LX 2-Dr Convertible | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Sebring Touring 2-Dr Convertible | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Sebring Limited 2-Dr Convertible | $210 | $390 | $352 | $20 | $106 | $1,078 | $90 |
| 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 safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Information does not factor in specific location information which can alter insurance rates greatly.
Based on these figures, using a $100 deductible will cost you about $41 more each month or $492 each year than requesting the higher $1,000 deductible. Because you would pay $900 more out-of-pocket with a $1,000 deductible as compared to a $100 deductible, if you go at least 22 months between claim filings, you would probably save some money if you elect the higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $125 |
| Average monthly premium for $1,000 deductibles (subtract): | – $84 |
| Monthly savings from raising deductible: | $41 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $41 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 22 months |
The example below highlights how deductible selection and can influence Chrysler Sebring annual premium costs for each age group. The information is based on a married male driver, full coverage, and no additional discounts are factored in.
Drive responsibly or pay higher rates
The chart below highlights how traffic violations and accident claims drive up Chrysler Sebring insurance costs for different ages of insureds. The premiums assume a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
Should you buy full coverage?
The chart below visualizes the comparison of Chrysler Sebring yearly insurance costs with full physical damage coverage compared to only buying liability only. Data assumes no claims, a clean driving record, $100 deductibles, single status, and no discounts are taken into consideration.
Should you pay for full coverage?
There isn’t a steadfast formula of when to eliminate comp and collision coverage, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Chrysler Sebring claim settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $7,000 after the policy deductible has been paid. If it’s costing in excess of $700 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping full coverage is not a good idea. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Colorado Springs car insurance discounts
Insurance can be prohibitively expensive, but there could be available discounts that may help make it more affordable. Many discounts should be triggered when you complete an application, but some need to be asked about prior to receiving the credit. If you check and find you aren’t receiving every discount you qualify for, it’s possible you qualify for a lower rate.
- No Claims – Good drivers with no accidents pay much less compared to insureds who have frequent claims or accidents.
- ABS Brakes – Vehicles with ABS and/or traction control prevent accidents so companies give up to a 10% discount.
- Senior Citizen Rates – Mature drivers can possibly qualify for a small decrease in premiums.
- Telematics Data Discounts – Insureds who allow their car insurance company to track where and when they drive through the use of a telematics system such as State Farm’s In-Drive could see a rate decrease if they show good driving skills.
- Discount for Swiching Early – A few insurance companies offer discounts for buying a new policy early. It’s a savings of about 10%.
- College Student – Any of your kids who live away from home to go to college and do not have access to a covered vehicle may be able to be covered for less.
- Seat Belts Save more than Lives – Drivers who require all vehicle occupants to fasten their seat belts can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
- Drive Less and Save – Driving fewer miles can earn discounted premium rates on garaged vehicles.
- Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn better prices if you take out some life insurance in addition to your auto policy.
Discounts save money, but please remember that most of the big mark downs will not be given to the overall cost of the policy. The majority will only reduce specific coverage prices like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, company stockholders wouldn’t be very happy. Any qualifying discounts will lower your premiums.
The example below illustrates the difference between Chrysler Sebring insurance prices with and without discounts being applied to the rates. The rates are based on a female driver, no claims, a clean driving record, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, multi-car, marriage, and claim-free discounts applied.
A few companies that possibly offer some of the discounts shown above may include but are not limited to:
When quoting, ask every insurance company how you can save money. Some of the discounts discussed earlier may not be offered in Colorado Springs. If you would like to choose from a list of insurers with significant discounts in Colorado, click here to view.
Exclusive versus independent insurance agents
Many people just want to get advice from a local agent and doing so can bring peace of mind Good agents can make sure you are properly covered and help you file claims. The biggest benefit of comparing insurance online is that you can find the lowest rates and still choose a local agent.
To make it easy to find an agent, after completing this form (opens in new window), your information gets sent to participating agents in Colorado Springs who will give competitive quotes to get your business. It makes it easy because there is no need to leave your house due to the fact that quote results will go to you. If you have a need to compare rates for a specific company, don’t hesitate to visit that company’s website to submit a rate quote request.
Choosing an insurance company should depend on more than just the bottom line cost. Any agent in Colorado Springs should have no problem answering these questions:
- What insurance company do they write the most business with?
- What are the financial ratings for the companies they represent?
- How will an accident affect your rates?
- If you raise deductibles, how much can you save?
- How long have they been in business?
- Do they specialize in personal lines auto insurance in Colorado Springs?
- Does the agency have a current Errors and Omissions policy?
If you are wanting to find a local Colorado Springs insurance agent, there are a couple of types of insurance agents and how they can quote your rates. Agents in Colorado Springs can be classified as either exclusive or independent agents depending on their company appointments. Both types of agents can sell affordable insurance policies, but it’s important to know the difference in how they write coverage since it can affect the type of agent you choose.
Exclusive Insurance Agents
These type of agents generally can only insure with one company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot give you multiple price quotes so always compare other rates. Exclusive agencies are well schooled on their company’s products and that allows them to sell at a higher price point. Consumers sometimes buy from the same agent for years mostly because of the brand rather than having low rates.
Shown below are Colorado Springs exclusive insurance agents who can help you get price quote information.
- Dave Beadles – State Farm Insurance Agent
308 W Fillmore St #106 – Colorado Springs, CO 80907 – (719) 632-5433 – View Map - John Hall – State Farm Insurance Agent
1614 Academy Blvd N b – Colorado Springs, CO 80909 – (719) 596-1414 – View Map - Allstate Insurance: Dave Lohman
76 S Sierra Madre St b – Colorado Springs, CO 80903 – (719) 471-9271 – View Map
Independent Insurance Agents
Agents in the independent channel are appointed with more than one company and that is an advantage because they can write policies with an assortment of companies and possibly get better coverage at lower prices. If prices rise, an independent agent can move your coverage which makes it simple for you. If you need lower rates, you definitely need to get rate quotes from independent agents to maximize your price options. They also have the ability to place coverage with smaller mutual companies which may provide better rates.
Listed below are Colorado Springs independent agents that are able to give comparison quotes.
- Nationwide Insurance: Jeffrey Lloyd Sudermann Agency
6455 N Union Blvd #104 – Colorado Springs, CO 80918 – (303) 974-7676 – View Map - Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557 – View Map - Solid Rock Insurance Agency
2850 Serendipity Cir W #230 – Colorado Springs, CO 80917 – (719) 574-0082 – View Map
Don’t give up on cheaper coverage
As you prepare to switch companies, never reduce needed coverages to save money. There are too many instances where someone dropped physical damage coverage and found out when filing a claim that the few dollars in savings costed them thousands. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost while still protecting your assets.
We’ve covered quite a bit of information on how to reduce Chrysler Sebring insurance auto insurance rates online in Colorado Springs. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your premium rates. You may even discover the best auto insurance rates are with a company that doesn’t do a lot of advertising.
Drivers who switch companies do it for any number of reasons including delays in responding to claim requests, high rates after DUI convictions, not issuing a premium refund and even extreme rates for teen drivers. Whatever your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
For more information, feel free to visit the resources below:
- Vehicle Insurance in the U.S. (Wikipedia)
- Who Has the Cheapest Auto Insurance Quotes for a Ford Fusion in Colorado Springs? (FAQ)
- Who Has the Cheapest Car Insurance for Drivers Requiring a SR22 in Colorado Springs? (FAQ)
- What Insurance is Cheapest for a Nissan Rogue in Colorado Springs? (FAQ)
- What is Full Coverage? (Allstate)
- Avoiding Deer Collisions (Insurance Information Institute)
- How to shop for a safer car (Insurance Institute for Highway Safety)