Compare Chevy Tahoe Insurance Rates in Colorado Springs

Feeling guilty for buying an overpriced auto insurance policy? It’s quite common and you’re not the only one.

It’s safe to conclude that auto insurance companies don’t want policyholders to compare prices from other companies. Insureds who get comparison quotes at least once a year will presumably buy a new policy because they have a good chance of finding lower prices. A recent auto insurance study discovered that people who compared rates annually saved approximately $860 a year as compared to drivers who don’t make a habit of comparing rates.

If finding the lowest rates on insurance in Colorado Springs is your intention, then learning about the best way to quote and compare auto insurance can save time, money, and frustration. Vehicle owners have many insurance companies to insure vehicles with, and even though it’s nice to have multiple companies, too many choices makes it more difficult to get the best deal for Chevy Tahoe insurance in Colorado Springs.

It’s a good habit to quote other rates yearly since prices are usually higher with each renewal. Despite the fact that you may have had the best rates on Chevy Tahoe insurance in Colorado Springs on your last policy there is a good chance you can find better premium rates now. Ignore everything you know about auto insurance because you’re about to find out how to quote online to find the best coverage while lowering your premiums.

The quickest way to get policy rate comparisons for Chevy Tahoe insurance in Colorado Springs takes advantage of the fact most of the bigger providers participate in a system to give rate comparisons. The only thing you need to do is provide details like how many miles driven, if your license is active, deductibles desired, and types of safety features. That rating data is submitted instantly to insurance companies and they provide comparison quotes within a short period of time.

To compare cheaper Chevy Tahoe insurance rates now, click here then complete the form.

The companies in the list below offer free rate quotes in Colorado Springs, CO. If you want the best cheap auto insurance in Colorado Springs, we recommend you get price quotes from several of them to find the lowest car insurance rates.

Slash your insurance rates with discounts

Companies don’t list the complete list of policy discounts very well, so the following list contains both well-publicized as well as the least known credits available to lower your premiums when you buy Colorado Springs auto insurance online.

• Good Students Pay Less – This discount may save as much as 25% on a Colorado Springs auto insurance quote. This discount can apply well after school through age 25.
• Full Payment Discount – By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
• Theft Deterrent Discount – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
• Employee of Federal Government – Employees or retirees of the government can save as much as 8% but check with your company.
• Home Ownership Discount – Being a homeowner can earn you a little savings because maintaining a house is proof that your finances are in order.
• Safety Course Discount – Taking part in a driver safety class could earn you a small percentage discount if you qualify.
• Service Members Pay Less – Having a family member in the military may qualify for rate reductions.
• Accident-Free Discounts – Insureds who avoid accidents and claims pay much less as opposed to drivers who are more careless.
• Low Mileage Discounts – Driving fewer miles could qualify for better premium rates on cars that stay parked.

You can save money using discounts, but most of the big mark downs will not be given to the entire cost. Most only apply to the cost of specific coverages such as medical payments or collision. Even though it appears all those discounts means the company will pay you, it doesn’t quite work that way.

The example below visualizes the comparison of Chevy Tahoe auto insurance rates with and without discounts applied to the rates. The rates are based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, multi-car, homeowner, and multi-policy discounts applied.

A list of insurance companies and a partial list of their discounts are:

• American Family may have discounts that include TimeAway discount, defensive driver, Steer into Savings, accident-free, air bags, good driver, and mySafetyValet.
• State Farm policyholders can earn discounts including defensive driving training, Steer Clear safe driver discount, good driver, safe vehicle, good student, anti-theft, and student away at school.
• 21st Century offers discounts for 55 and older, teen driver, automatic seat belts, driver training, anti-lock brakes, and early bird.
• Travelers discounts include IntelliDrive, continuous insurance, multi-car, new car, good student, and early quote.
• GEICO includes discounts for seat belt use, membership and employees, multi-policy, air bags, anti-theft, emergency military deployment, and driver training.

Check with all companies you are considering which discounts can lower your rates. Some discounts might not be offered in every state.

Car insurance data for a Chevy Tahoe

The coverage information displayed below showcases detailed analysis of insurance policy prices for Chevy Tahoe models. Understanding more about how insurance quotes are determined is important to be able to make smart choices when purchasing an auto insurance policy.

Price data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Information does not factor in the specific area where the vehicle is garaged which can increase or decrease premiums substantially.

Physical damage deductible comparison

A question often asked by Colorado Springs drivers is how high should the physical damage coverage deductibles be. The tables below summarize the difference in cost when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 deductible for physical damage and the second price table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Estimates do not factor in specific location information which can revise coverage prices greatly.

Based on this data, using a $100 deductible will cost you roughly $25 more each month or $300 every year across all Chevrolet Tahoe models than buying the higher $500 deductible. Because you would be required to pay $400 more out of your own pocket with a $500 deductible as compared to a $100 deductible, if you have at least 16 months between claims, you would come out ahead if you opt for a higher deductible.

An important thing to remember is that increasing deductibles to lower your rates results in more money out-of-pocket when you file a claim. You need to make sure you have enough money in the bank in order to pay the higher deductible.

The illustration below illustrates how your deductible choice and can influence Chevy Tahoe insurance rates for different ages of insureds. The premiums are based on a married male driver, comprehensive and collision coverage, and no additional discounts are factored in.

Reckless driving habits raise Colorado Springs car insurance rates

The diagram below illustrates how violations and fender-benders increase Chevy Tahoe insurance rates for each different age group. The data assumes a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

Full coverage or liability only

The information below visualizes the comparison of Chevy Tahoe insurance costs with full physical damage coverage compared to only buying liability only. The costs are based on no violations or accidents, $500 deductibles, single status, and no additional discounts are factored in.

Should you pay for full coverage or liability only?

There isn’t a steadfast formula for dropping physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

For example, let’s assume your Chevy Tahoe replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled, the most you would receive is $7,000 after paying the physical damage deductible. If premiums are more than $700 annually for your policy with full coverage, then it could be time to drop full coverage.

There are some cases where only buying liability is not advised. If you have an outstanding loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should not eliminate full coverage.

Get rate quotes but buy from a local neighborhood Colorado Springs car insurance agent

Certain consumers still prefer to sit down and talk to an agent and that can be a great decision Agents can point out coverage gaps and will help you if you have claims. An additional benefit of price shopping on the web is you may find cheaper prices and also buy local. Buying insurance from local insurance agencies is important particularly in Colorado Springs.

Upon completion of this simple form, your insurance data is submitted to companies in Colorado Springs who will return price quotes and help you find cheaper coverage. It makes it easy because there is no need to drive around because quoted prices will be sent to the email address you provide. If you want to quote rates for a specific company, you can always go to their quote page and fill out their quote form.

If you are wanting to purchase auto insurance from a reliable insurance agency, it’s important to understand the different agency structures from which to choose. Insurance agencies in Colorado Springs are either independent (non-exclusive) or exclusive. Both can sell auto insurance policies, but it’s a good idea to understand the difference in how they write coverage because it can impact the kind of agent you use.

Independent Auto Insurance Agencies

Agents in the independent channel do not sell for just one brand and that allows them to write policies through lots of different companies and find the cheapest auto insurance rates. If they quote lower rates, your agent can switch companies which makes it simple for you.

If you are comparing rate quotes, we recommend you get several quotes from a couple of independent agencies for maximum quote selection.

Shown below are Colorado Springs independent insurance agents who can help you get free auto insurance rate quotes.

More Colorado Springs agents

Exclusive Auto Insurance Agencies

These agents can only provide one company’s prices such as State Farm or Allstate. They usually cannot provide prices from multiple companies so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents receive a lot of sales training on their company’s products which helps overcome the inability to quote other rates.

Listed below are exclusive insurance agents in Colorado Springs that are able to give price quote information.

More Colorado Springs agents

Finding a good auto insurance agent is decision based upon more than just a cheap quote. Here are some questions you might want to ask.

• Do you have coverage for a rental car if your vehicle is in the repair shop?
• Will your rates increase after a single accident?
• Does the agent have professional designations like CIC, CPCU or AIC?
• Which insurance company do they prefer to write with?
• Do you need full coverage on every vehicle?

After talking to the agent and getting answers to your satisfaction to all your questions as well as low cost Chevrolet Tahoe insurance quotes, most likely you have located an insurance agent that is professional and can service your policy.

Chevy Tahoe Insurance Prices Can Be More Affordable

Consumers need to have an understanding of some of the things that go into determining insurance rates. When you understand what influences your rates, this allows you to make good choices that could help you find big savings.

Shown below are a partial list of the pieces used by companies to determine your prices.

• Don’t cut corners with liability insurance – The liability section of your policy will protect you if ever you are ruled to be at fault for personal injury or accident damage. It will provide you with a defense in court which can be incredibly expensive. It is affordable coverage as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.

• Prices also based on gender – Statistics have proven that females tend to be a little less risky than males. However, don’t assume that women are better drivers. Both sexes get in auto accidents in similar percentages, but the male of the species cause more damage. Not only that, but men also get ticketed for serious violations like DWI (DUI) or reckless driving. Teenage male drivers cause the most accidents so it costs more to insure them.

  The chart below illustrates the difference between Chevy Tahoe auto insurance costs for male and female drivers. Data assumes no claims or driving citations, full physical damage coverage, $1,000 deductibles, drivers are not married, and no other discounts are factored in.

• Your address can push rates up or down – Residing in a small town may provide you with better prices when insuring your vehicles. Fewer people translates into fewer accidents in addition to lower liability claims. Drivers in populated Colorado areas regularly have more aggressive driving styles and higher rates of accident claims. Higher commute times statistically corresponds to a higher accident and claim rate.
• The higher your credit rating the lower your prices – Having a good credit rating is a large factor in determining what you pay. So if your credit is low, you could be paying less to insure your Chevrolet Tahoe if you clean up your credit. Drivers who have very good credit scores tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings.
• How do annual miles impact prices? – Driving more miles each year the more you will pay for insurance. A lot of insurance companies apply a rate based upon how much you drive. Cars and trucks that do not get driven very much can be on a lower rate level than vehicles that are driven to work every day. An improperly rated Tahoe can result in significantly higher rates. It’s always a good idea to double check that your insurance coverage is rated on how each vehicle is driven, because it can save money.

• Insurance loss data for Chevy Tahoe vehicles – Auto insurance companies use historical loss data to determine a price that will be profitable for them. Vehicles that tend to have higher number or severity of losses will cost more for specific coverages. The table below demonstrates the historical insurance loss data for Chevy Tahoe vehicles.

  For each insurance policy coverage type, the claim amount for all vehicles compiled together is represented as 100. Numbers under 100 suggest a positive loss record, while values over 100 indicate more frequent losses or larger claims.

  
  

  Chevrolet Tahoe Insurance Loss Statistics

  Make and Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  Chevrolet Tahoe 4dr 2WD	82	90	105	70	63	88
  Chevrolet Tahoe 4dr 4WD	83	89	103	68	62	80

  BETTER

  AVERAGE

  WORSE

  Statistics from IIHS.org for 2013-2015 Model Years

Auto insurance is an important decision

Despite the high cost of buying insurance for a Chevy Tahoe in Colorado Springs, insurance is most likely required but also gives you several important benefits.

• Most states have minimum mandated liability insurance limits which means you are required to buy 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 you bought your vehicle with a loan, more than likely the lender will stipulate that you buy insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank may insure your Chevy for a much higher rate and force you to pay much more than you were paying before.
• Insurance protects not only your car but also your financial assets. It also can pay for medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. Liability insurance, one of your policy coverages, also pays expenses related to your legal defense if you are sued as the result of your driving. If damage is caused by hail or an accident, your auto insurance policy will pay to have it repaired.

The benefits of carrying adequate insurance greatly outweigh the cost, specifically if you ever have a liability claim. But the average American driver is currently overpaying as much as $810 a year so compare quotes from several companies every year to make sure the price is not too high.

Which car insurance company is best in Colorado Springs?

Buying coverage from a highly-rated car insurance provider is hard considering how many different insurance companies sell coverage in Colorado. The ranking data in the next section may help you pick which auto insurance companies to look at to insure your vehicles.

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

Top 10 Colorado Springs Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. Mercury Insurance
7. AAA Insurance
8. State Farm
9. Nationwide
10. Safeco

Persistence will pay off

While you’re price shopping online, you should never buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced liability coverage limits only to find out that they should have had better coverage. Your goal should be to purchase a proper amount of coverage for the lowest cost but still have enough coverage for asset protection.

Cheap Chevy Tahoe insurance in Colorado Springs can be sourced online in addition to many Colorado Springs insurance agents, so you should compare both in order to have the best chance of saving money. Some companies may not provide rates over the internet and most of the time these small insurance companies only sell through local independent agents.

How to find affordable quotes for Chevy Tahoe insurance in Colorado Springs

To save the most money, the best way to find cheaper car insurance rates is to start comparing prices yearly from providers who can sell car insurance in Colorado Springs.

1. Try to learn about how auto insurance works and the modifications you can make to keep rates low. Many risk factors that are responsible for high rates such as traffic citations, accidents, and a negative credit rating can be amended by improving your driving habits or financial responsibility.
2. Get rate quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only provide price estimates from one company like GEICO and State Farm, while agents who are independent can quote rates from multiple insurance companies.
3. Compare the price quotes to your current policy to see if cheaper Tahoe coverage is available. If you can save money, make sure there is no lapse in coverage.
4. Give proper notification to your current agent or company to cancel the current policy. Submit payment along with a signed and completed policy application for your new coverage. Once received, safely store the certificate of insurance in your vehicle’s glove compartment or console.

An essential thing to point out is that you’ll want to compare identical coverage information on each quote request and and to look at as many auto insurance providers as possible. Doing this guarantees an apples-to-apples comparison and the best price selection.

Additional detailed information can be read in these articles:

• Event Data Recorders FAQ (iihs.org)
• How Much Auto Coverage do I Need? (Insurance Information Institute)
• Rental Car Insurance Tips (Insurance Information Institute)