How to Compare Colorado Springs Porsche 911 Insurance

Would you like an easy way to compare cheaper Porsche 911 insurance in Colorado Springs? Tired of not being able to afford each month for car insurance? Your situation is no different than many other Colorado drivers.

It’s safe to conclude that insurance companies don’t want their policyholders to compare prices. Insureds who compare price quotes are likely to buy a new policy because the odds are good of finding discount prices. A recent car insurance study discovered that people who compared prices regularly saved approximately $850 each year compared to policyholders who never compared rates.

If finding the lowest rates on auto insurance is your intention, then understanding how to find and compare auto insurance can help simplify the task of finding more affordable coverage.

Companies like State Farm, Farmers Insurance, GEICO and Allstate all promote huge savings with ads and it is difficult to separate fact from fiction and effectively compare rates to find the best deal.

It’s important to get comparison quotes quite often because car insurance prices are constantly changing. Just because you had the best quotes on Porsche 911 insurance in Colorado Springs at your last renewal you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate the best methods to reduce your cost while improving coverage.

If you have a policy now, you stand a good chance to be able to reduce the price you pay using the ideas covered in this article. Buying the cheapest car insurance in Colorado Springs is actually not that difficult if you follow our advice. But Colorado consumers must know the methods companies use to determine what you pay and apply this information to your search.

There are several ways to compare prices from lots of Colorado insurance companies. The best method to compare rates consists of obtaining rate quotes online.

Doing online quotes comparisons is so easy that it makes it obsolete to spend your day driving to local insurance agencies. Buying insurance online reduces the need to sit down with an agent unless your situation requires the trained guidance of a licensed agent. Although you can obtain prices from the web but purchase the actual policy in an agency.

When price shopping your coverage, having more price comparisons helps you find a lower rate.

The providers in the list below offer comparison quotes in Colorado Springs, CO. If multiple companies are listed, we suggest you visit as many as you can in order to get a fair rate comparison.

Verify you’re earning every discount

Some companies don’t necessarily list every available discount in a way that’s easy to find, so the below list has both well-publicized as well as some of the hidden credits that you can use to lower your rates. If you do not check that you are getting every discount possible, you may be paying too high a price.

• Passive Restraints – Vehicles with factory air bags and/or automatic seat belt systems may qualify for discounts of 20 to 30 percent.
• Low Mileage Discounts – Driving fewer miles can qualify you for substantially lower prices.
• One Accident Forgiven – This one isn’t a discount, but some insurance companies will forgive one accident before your rates go up as long as you don’t have any claims prior to being involved in the accident.
• Discount for Life Insurance – Not all insurance carriers offer life insurance, but some may give you better prices if you take out some life insurance too.
• Memberships – Joining a qualifying organization is a simple method to lower premiums when getting a Colorado Springs auto insurance quote.
• Government Employee Discount – Active or retired federal employment could cut as much as 10% off depending on your company.
• Distant Student – Children who are attending college and do not have access to a covered vehicle may be insured at a cheaper rate.
• Telematics Devices – Colorado Springs drivers who agree to allow driving data collection to track where and when they drive by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive may see discounts if they are good drivers.
• Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to wear their seat belts can save a little on medical payment and PIP coverage.

Just know that most discounts do not apply to the entire cost. Most only apply to individual premiums such as liability, collision or medical payments. So even though you would think you can get free auto insurance, company stockholders wouldn’t be very happy.

The chart below shows the comparison of Porsche 911 car insurance rates with and without discounts applied to the policy rates. The rates are based on a male driver, a clean driving record, no claims, Colorado state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, multi-car, claim-free, multi-policy, and safe-driver discounts applied.

If you would like to choose from a list of insurance companies with the best discounts in Colorado Springs, click here to view.

Premium rates and analysis

The coverage information displayed next outlines estimates of coverage costs for Porsche 911 models. Being more informed about how insurance policy rates are calculated can help drivers make decisions on the best policy to buy.

Data variables include single female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, multi-policy, and homeowner. Rates do not factor in specific Colorado Springs garaging location which can influence price quotes considerably.

Where to set your deductibles

A question often asked by Colorado Springs drivers is where should you set your physical damage deductibles. The rates shown below can help you understand how much more rates are when you buy lower versus higher comp and collision deductibles. The first rate quote example uses a $100 deductible for comprehensive and collision coverage and the second rate table uses a $500 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Prices do not factor in Colorado Springs location which can change coverage rates substantially.

Based on the figures above, using a $100 deductible will cost you about $45 more each month or $540 annually than quoting the higher $500 deductible. Since you would pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you average at a minimum 9 months between claim filings, you would save more money going with the higher deductible.

Full coverage rates compared to liability-only

The chart below shows the difference between Porsche 911 insurance costs when comparing full coverage to liability only. The data assumes no violations or accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.

When to switch to liability coverage only

There is no clear-cut rule of when to drop comp and collision coverage, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

For example, let’s assume your Porsche 911 claim settlement value is $4,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $3,000 after the policy deductible has been paid. If it’s costing in excess of $300 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.

There are some situations where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage to protect the lienholder’s interest. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should maintain full coverage.

Colorado Springs Insurance Rates are Influenced by These Factors

Many things are used when you get a price on insurance. Some of the criteria are obvious such as traffic violations, although some other factors are more transparent like your vehicle usage or how financially stable you are.

The factors shown below are some of the items companies use to determine premiums.

Rates can be impacted by your occupation – Jobs such as lawyers, social workers, and miners tend to have higher premiums than the average policyholder because of high stress levels and lengthy work days. Conversely, professions such as scientists, historians and homemakers receive lower rates.

Liability protection safeguards assets – The liability section of your policy will provide protection if ever a court rules you are at fault for an accident. Your liability coverage provides legal defense coverage which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.

Prevent policy lapses – Driving any period of time without insurance is not a good idea and any future policy may cost more because you let your insurance lapse. In addition to paying higher premiums, the inability to provide proof of insurance will get you a hefty fine and possibly a revoked license. You may need to file a SR-22 with the Colorado motor vehicle department to get your license reinstated.

Save mileage and save money – The more you drive your Porsche in a year the more you will pay for car insurance. A lot of insurance companies calculate prices partially by how you use the vehicle. Cars and trucks not used for work or commuting can get a lower rate than vehicles that have high annual mileage. Make sure your policy reflects the correct usage for each vehicle. Incorrect rating for your 911 may be costing you.

Claim-free discounts can add up – Companies in Colorado generally give cheaper rates to people who are claim-free. If you tend to file frequent claims, you can expect higher rates. Insurance coverage is intended to be relied upon for the large, substantial claims.

Only buy add-on coverages you need – There are many add-on coverages that may not really be needed if you aren’t careful. Things like rental car coverage, better glass coverage, and term life insurance are some examples. These coverages may sound good at first, but your needs may have changed so eliminate them to save money.

Safer cars mean better premiums – Vehicles that have high safety ratings tend to have better insurance rates. Highly rated vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims which can mean better rates for you.

High credit means lower prices – Having a bad credit score can be an important factor in determining what you pay. So if your credit history is low, you could save money insuring your Porsche 911 by repairing your credit. Consumers who have very high credit ratings tend to be more responsible and file fewer claims than drivers who have lower credit ratings.

Loss statistics for a Porsche 911 – Companies take into consideration historical loss data for every vehicle as a way to help calculate a profitable premium price. Vehicles that have higher number or severity of losses will have higher rates for specific coverages.

The table below shows the loss history for Porsche 911 vehicles. For each coverage type, the statistical loss for all vehicles, as an average, is a value of 100. Percentages below 100 suggest a positive loss record, while numbers that are greater than 100 point to more losses or statistically larger losses.

Get rate quotes but still have a local neighborhood Colorado Springs car insurance agent

Many drivers would rather talk to a local agent and that is OK! The best thing about comparing insurance prices online is the fact that drivers can get lower prices but also keep your business local.

Upon completion of this quick form, the coverage information gets sent to local insurance agents in Colorado Springs who will give you quotes for your coverage. You don’t have to contact an agency due to the fact that quote results will go directly to your email. You can most likely find cheaper rates without a big time investment. If for some reason you want to get a rate quote from a specific auto insurance provider, you can always navigate to their website and give them your coverage information.

Finding the right insurance company shouldn’t rely on just the price. Any agent in Colorado Springs should be forthright in answering these questions:

• Do they get paid more for recommending certain coverages?
• What will you get paid if your car is a total loss? How is that amount determined?
• Is assistance available after office hours?
• Which family members are covered?
• If your car is in the repair shop, do you have coverage for a rental car?
• Are you getting all the discounts the company offers?
• Can glass claims be handled at your home?
• Will a damage claim use OEM or aftermarket replacement parts?

Below is a short list of insurance companies in Colorado Springs who can help you get price quote information for Porsche 911 insurance in Colorado Springs.

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Colorado Springs auto insurance companies ranked

Selecting the best auto insurance company can be difficult considering how many companies provide coverage in Colorado. The company ratings in the lists below could help you decide which car insurance companies to look at comparing rates with.

Top 10 Colorado Springs Car Insurance Companies Ranked by Claims Service

1. State Farm
2. Esurance
3. AAA Insurance
4. GEICO
5. Liberty Mutual
6. Progressive
7. Allstate
8. Titan Insurance
9. The Hartford
10. Mercury Insurance

A little work can save a LOT of money

We just presented a lot of tips how to lower your Porsche 911 insurance prices in Colorado Springs. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even find the best price on car insurance is with some of the smallest insurance companies. They can often insure niche markets at a lower cost as compared to the big name companies such as Progressive or GEICO.

There are still a few companies who do not provide online price quotes and usually these small insurance companies sell through independent agents. Discount Porsche 911 insurance can be sourced from both online companies as well as from insurance agents, and you should be comparing both so you have a total pricing picture.

Steps to finding low-cost Porsche 911 insurance in Colorado Springs

The preferred way to get affordable Porsche 911 insurance is to make a habit of regularly comparing prices from insurers that insure vehicles in Colorado Springs.

1. Read and learn about individual coverages and the modifications you can make to prevent high rates. Many rating factors that result in higher rates like speeding and an unacceptable credit history can be improved by making lifestyle changes or driving safer.
2. Request rate estimates from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only provide price estimates from a single company like Progressive or Allstate, while independent agents can quote prices from multiple sources.
3. Compare the new quotes to your current policy premium to determine if switching companies saves money. If you can save some money, ensure there is no coverage lapse between policies.
4. Give proper notification to your current agent or company of your intent to cancel your existing policy. Submit a signed application and payment to your new insurance company. Don’t forget to store the certificate verifying coverage in an easily accessible location in your vehicle.

A crucial key to this process is to make sure you enter similar deductibles and liability limits on every quote request and and to analyze as many different companies as possible. This guarantees an apples-to-apples comparison and plenty of rates choose from.

Additional car insurance information can be read at these links:

• Understanding Your Insurance Deductible (Insurance Information Institute)
• How Much are Colorado Springs Car Insurance Quotes for Immigrants? (FAQ)
• Who Has the Cheapest Colorado Springs Car Insurance Quotes for High Mileage Drivers? (FAQ)
• What Insurance is Cheapest for 16 Year Olds in Colorado Springs? (FAQ)
• What Auto Insurance is Cheapest for Good Students in Colorado Springs? (FAQ)
• How Much are Car Insurance Quotes for a Subaru Outback in Colorado Springs? (FAQ)
• Think You’re a Safe Driver? (State Farm)
• Parking Tips to Reduce Door Dings (State Farm)
• Auto Insurance Learning Center (State Farm)