How to Compare Colorado Springs Dodge Ram Insurance

Do you want an efficient way to compare more affordable Dodge Ram insurance in Colorado Springs? No car owner fancies paying their premiums for insurance, particularly when they could lower their rates if they shopped around.

Remarkably, a study showed that the vast majority of drivers have been with the same company for well over three years, and approximately 38% of consumers have never even compared quotes to find cheaper rates. Consumers in Colorado could save themselves approximately $605 a year by just comparing quotes, but they just don’t understand the amount of money they would save if they just switched companies.

Because you have many insurance companies to choose from, it can be difficult for drivers to choose a lower cost insurer.

It’s a good habit to get comparison quotes quite often because insurance prices fluctuate regularly. If you had the best quotes on Dodge Ram insurance in Colorado Springs a year ago you may be paying too much now. Ignore everything you know about insurance because you’re about to find out the things you must know in order to find better coverage on Dodge Ram insurance in Colorado Springs at a better price.

Finding the cheapest car insurance coverage in Colorado Springs can be much easier if you know how to start. In essence, every vehicle owner who needs lower cost car insurance stands a good chance to be able to save money. Although Colorado car owners do need to learn how companies determine how much to charge.

Just keep in mind that having more price comparisons increases the chance that you will find a lower rate.

The following companies offer price comparisons in Colorado Springs, CO. If multiple companies are listed, it’s highly recommended you get price quotes from several of them to get the best price comparison.

Lower rates by qualifying for discounts

Auto insurance companies do not list every available discount in an easy-to-find place, so the list below details some of the best known and also the more inconspicuous discounts that you may qualify for. If you don’t get every credit you qualify for, you are just wasting money.

• Life Insurance – Select insurance companies reward you with a small discount if you purchase life insurance from them.
• Buy New and Save – Insuring a vehicle that is new can get you a discount since new vehicles are generally safer.
• Defensive Driver – Taking a class that teaches defensive driving techniques may get you a small discount and easily recoup the cost of the course.
• Discounts for Government Workers – Simply working for the federal government could qualify for a slight premium decrease with certain companies.
• Discount for Swiching Early – Some companies provide a discount for switching to them prior to the expiration date on your current Ram insurance policy. This can save 10% or more.
• Anti-theft Discount – Vehicles that have factory alarm systems and tracking devices are stolen less frequently and qualify for as much as a 10% discount.
• Own a Home and Save – Just being a homeowner can save a few bucks since home ownership is proof of financial responsibility.
• Claim Free – Colorado Springs drivers who stay claim-free pay much less as opposed to policyholders that have many claims.
• College Student Discount – College-age children who are attending college and do not take a car to college could qualify for this discount.

Discounts lower rates, but most discount credits are not given to your bottom line cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, companies don’t profit that way.

The information below visualizes the comparison of Dodge Ram car insurance costs with and without discounts. The data is based on a female driver, no tickets, no at-fault accidents, Colorado state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, safe-driver, and marriage discounts applied.

Large auto insurance companies and the discounts they provide are outlined below.

• State Farm includes discounts for anti-theft, multiple policy, safe vehicle, multiple autos, good driver, Drive Safe & Save, and accident-free.
• Farmers Insurance offers discounts including homeowner, distant student, alternative fuel, multi-car, business and professional, teen driver, and bundle discounts.
• GEICO offers discounts for federal employee, military active duty, multi-vehicle, membership and employees, air bags, and emergency military deployment.
• American Family offers premium reductions for multi-vehicle, Steer into Savings, air bags, early bird, and bundled insurance.
• Nationwide policyholders can earn discounts including Farm Bureau membership, business or organization, family plan, anti-theft, good student, and multi-policy.
• Progressive may have discounts that include multi-policy, homeowner, online signing, online quote discount, good student, and continuous coverage.

If you want low cost Colorado Springs auto insurance quotes, ask each company or agent to apply every possible discount. Discounts may not be available in every state. For a list of auto insurance companies who offer cheap Dodge Ram insurance quotes in Colorado, click here to view.

Statistics and details

The rate information shown below covers estimates of insurance prices for Dodge Ram models. Having knowledge of how prices are formulated can help you make smart choices when purchasing an auto insurance policy.

Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, multi-policy, and homeowner. Rates do not factor in garaging location in Colorado Springs which can alter auto insurance rates greatly.

The illustration below demonstrates how choosing different deductibles and can raise or lower Dodge Ram insurance rates for different ages of insureds. The data is based on a married male driver, comp and collision included, and no discounts are applied.

How much more does full coverage cost in Colorado Springs?

The illustration below illustrates the comparison of Dodge Ram yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. Data assumes no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.

When to drop comprehensive and collision coverage

There is no set rule to exclude full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.

For example, let’s say your Dodge Ram book value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after paying the physical damage deductible. If you are paying over $800 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are some conditions where buying only liability insurance is not advised. If you still have a loan on your vehicle, you have to carry full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Four Tips to Get More Affordable Colorado Springs Insurance Rates

Multiple criteria are considered when you quote your car insurance policy. Some factors are common sense like a motor vehicle report, but some are not quite as obvious like where you live or your commute time.

The higher your credit history the lower your prices – Credit rating is a large factor in your rate calculation. People that have excellent credit scores tend to be less risk to insure than drivers who have lower credit ratings. If your credit history leaves room for improvement, you could be paying less to insure your Dodge Ram by repairing your credit.

Rates are affected by your address – Being located in less populated areas of the country has it’s advantages when trying to find low car insurance rates. Fewer drivers means a lower chance of having an accident and a lower car theft rate. People in densely populated areas have to deal with much more traffic and more severe claims. More time behind the wheel means more chances of being involved in an auto accident.

Drive less and get lower premiums – Driving a lot of miles in a year’s time the more you’ll pay to insure your vehicle. Most insurance companies rate vehicles based upon how the vehicle is primarily used. Cars that are left in the garage qualify for better rates compared to those used for work or business. Improper usage on your Ram may be wasting your money. Double check that your declarations sheet states how each vehicle is driven, because improper ratings can cost you money.

Premiums are lower the older you get – Beginning drivers in Colorado are statistically shown to be inattentive when at the wheel of a vehicle so auto insurance rates are higher. Older people are more responsible, tend to file fewer claims, and are generally more financially stable.

The data below uses these variables: single driver, full coverage with $100 deductibles, and no discounts or violations.