If saving the most money is your goal, then the best way to get budget Mitsubishi Mirage G4 insurance in Colorado Springs is to compare prices regularly from providers that sell auto insurance in Colorado.
- Step 1: Get a basic knowledge of how auto insurance works and the measures you can take to prevent expensive coverage. Many risk factors that increase rates like speeding tickets, accidents and an imperfect credit history can be rectified by making small lifestyle or driving habit changes.
- Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from one company like GEICO or Farmers Insurance, while agents who are independent can provide prices from many different companies.
- Step 3: Compare the new rate quotes to your existing coverage to determine if switching companies saves money. If you find better rates, ensure coverage does not lapse between policies.
The most important part of shopping around is to use identical limits and deductibles on each quote request and and to analyze all possible companies. Doing this guarantees a fair price comparison and a thorough price selection.
A recent insurance study revealed that nearly 70% of consumers have remained with the same insurance company for a minimum of four years, and 38% of customers have never compared quotes from other companies. Many consumers in the U.S. can save hundreds of dollars each year by just comparing quotes, but they think it’s difficult to find cheap insurance by shopping around.
It’s important to know that comparing more prices provides better odds of finding the best price. Some companies don’t provide online rate quotes, so it’s important to compare price estimates from them as well.
The companies in the list below provide free rate quotes in Colorado Springs, CO. If you want to find the best auto insurance in Colorado Springs, CO, it’s highly recommended you visit as many as you can to get a more complete price comparison.
Buying the right Mitsubishi vehicle insurance in Colorado is an important decision
Despite the potentially high cost of Mitsubishi Mirage G4 insurance, car insurance is required by state law in Colorado and it also provides benefits you may not be aware of.
- Almost all states have compulsory liability insurance requirements which means you are required to buy a specific level of liability coverage in order to drive the car. 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 took out a loan on your Mitsubishi, almost every bank will make it a condition of the loan that you buy full coverage to guarantee loan repayment. If you do not keep the policy in force, the bank will be required to insure your Mitsubishi at a significantly higher premium and force you to pay much more than you were paying before.
- Car insurance protects both your car and your assets. It will also pay for medical expenses that are the result of an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of your driving. If your Mitsubishi gets damaged, collision and comprehensive coverages will pay to have it repaired.
The benefits of having insurance more than offset the price you pay, particularly when you have a large claim. According to a recent study, the average American driver overpays more than $865 each year so compare quotes from several companies once a year at a minimum to ensure rates are inline.
Informed Consumers Can Reduce Insurance Rates
Lots of things are part of the equation when premium rates are determined. Some of the criteria are obvious such as your driving history, but some are not quite as obvious such as whether you are married or your vehicle rating. An important part of buying insurance is that you know some of the elements that play a part in calculating your premiums. If you know what positively or negatively impacts your premiums, this allows you to make educated decisions that could help you find cheaper rates.
Fast cars cost more to insure – The type of car you own makes a significant difference in your car insurance bill. The lowest base rates tend to be for the lowest performance passenger vehicles, but other factors influence the final cost greatly.
Premiums are high for teenagers – Beginning drivers in Colorado are statistically proven to be inattentive and easily distracted when behind the wheel so auto insurance rates are higher. Mature drivers are shown to be more cautious, are lower risk to insure, and are generally more financially stable.
Poor credit rating equals high costs – Your credit history is likely to be a major factor in determining your rates. If your credit is low, you could be paying less to insure your Mitsubishi Mirage G4 by improving your credit score. Drivers with good credit tend to be more responsible than those with poor credit scores.
Auto insurance policy lapses raise prices – Going without insurance is a sure-fire way to trigger a rate increase. Not only will you pay more, getting caught without coverage might get you a revoked license or a big fine.
Women tend to take less risk – Statistics show that females take fewer risks when driving. This data doesn’t prove that males are worse at driving than females. Females and males get in auto accidents at about the same rate, but men have accidents that have higher claims. They also receive more costly citations like DWI (DUI) or reckless driving. Male teenagers tend to get in the most accidents and therefore pay the highest rates.
Lower rates with a multi-policy discount – The majority of insurers allow a discount for people that purchase more than one policy in the form of a multi-policy discount. The discount can add up to ten or even fifteen percent. Even though this discount sounds good, you may still want to get quotes from other companies to confirm you are receiving the best rates possible.
Safer occupants lowers premiums – Vehicles with good safety scores tend to be cheaper to insure. The safest vehicles help reduce the chance of injuries in an accident and fewer injuries means your insurance company pays less and lower rates for you.
More traffic means higher claims – Choosing to live in areas with lower population is a good thing when shopping for auto insurance. Fewer drivers on the road translates into fewer accident claims in addition to lower liability claims. City drivers regularly have more traffic problems and longer commute times. Longer commute distances means more chance of being in an accident.
Lower rates by qualifying for discounts
Auto insurance is not cheap nor is it fun to buy but there may be some discounts that can drop the cost substantially. Some discounts will apply when you get a quote, but some need to be specially asked for prior to receiving the credit.
- Distant Student Discount – Any of your kids who are enrolled in higher education away from home without a vehicle on campus could qualify for this discount.
- Discount for Good Grades – Maintaining excellent grades could provide a savings of up to 20% or more. Many companies even apply the discount to college students up to age 25.
- Telematics Discount – Policyholders that allow driving data submission to monitor their driving habits by using a small device installed in their vehicle like In-Drive from State Farm and Progressive’s Snapshot could possibly reduce rates if they are good drivers.
- Multi-line Discount – Not all insurance carriers offer life insurance, but some may give you better rates if you take out a life policy as well.
- Driver Safety – Passing a safe driver course may get you a small discount and easily recoup the cost of the course.
Please keep in mind that most discount credits are not given to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. So even though you would think adding up those discounts means a free policy, you’re out of luck.
Car insurance companies that may offer quotes with these money-saving discounts include:
When getting free Colorado Springs auto insurance quotes, it’s a good idea to every prospective company which credits you are entitled to. Depending on the company, some discounts may not apply to policyholders in Colorado Springs. To choose insurance companies who offer online Mitsubishi Mirage G4 insurance quotes in Colorado Springs, click this link.
How do I know if I need professional advice?
When selecting coverage online or from an agent for your vehicles, there really is no “perfect” insurance plan. Your needs are unique to you.
For instance, these questions can help discover if your situation would benefit from an agent’s advice.
- Should I pay a claim out-of-pocket?
- What is high-risk coverage and where do I buy it?
- Should I put collision coverage on all my vehicles?
- Should I waive the damage coverage when renting a car?
- Does coverage extend to a rental car in a foreign country?
- Do I need special endorsements for business use of my vehicle?
- Are there any extra discounts I can get?
- Does my liability insurance cover pulling a trailer or camper?
- When can my company non-renew my policy?
If you don’t know the answers to these questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form.
What if I want to buy from local Colorado Springs insurance agents?
Some people still prefer to buy from a licensed agent. One of the benefits of comparing insurance online is that drivers can save money and get the best rates and still have a local agent. And supporting neighborhood agents is important especially in Colorado Springs.
Once you complete this form (opens in new window), your information is transmitted to insurance agents in Colorado Springs who will give you bids and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to leave your house due to the fact that quote results will go to you. Get lower rates without having to waste a lot of time. If you need to compare prices from a specific insurance provider, don’t hesitate to go to their quote page to submit a rate quote request.
When looking for a reliable agent, it’s important to understand the types of agencies that you can choose from. Agents are classified as either exclusive or independent (non-exclusive).
Independent Agents
Agents that choose to be independent are not employed by any specific company so they have the ability to put coverage with a variety of different insurance companies and find the cheapest rate. If they find a cheaper price, your agent can just switch to a different company and that require little work on your part.
If you are comparing rate quotes, you will definitely want to get some free quotes from independent agents so that you have a good selection of quotes to compare.
Below are Colorado Springs independent agencies that can give you comparison quotes.
Jensen Insurance Agency
125 N Parkside Dr #201f – Colorado Springs, CO 80909 – (719) 635-9557 – View Map
Benson Insurance Group, LLC
5155 N Academy, #110 – Colorado Springs, CO 80918 – (719) 622-3079 – View Map
Insurance Network of Co
2525 W Pikes Peak Ave # C – Colorado Springs, CO 80904 – (719) 635-9720 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only place business with one company and examples are Farmers Insurance and State Farm. These agents are unable to compare rates from other companies so it’s a take it or leave it situation. Exclusive agents are highly trained on sales techniques which helps offset the inability to provide other markets.
The following are exclusive agents in Colorado Springs that are able to give price quote information.
American Family Insurance – Dean Skaret Agency Inc.
2340 Academy Blvd N – Colorado Springs, CO 80909 – (719) 597-4330 – View Map
Farmers Insurance – Mark Olsen
1870 Dublin Blvd e – Colorado Springs, CO 80918 – (719) 593-9916 – View Map
Dave Beadles – State Farm Insurance Agent
308 W Fillmore St #106 – Colorado Springs, CO 80907 – (719) 632-5433 – View Map
Picking the best car insurance agent requires more thought than just a cheap price. Get answers to these questions too.
- Does the agency provide any after hours assistance?
- Do they prorate repair cost based on vehicle mileage?
- Is the agency covered by Errors and Omissions coverage?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- What is their Better Business Bureau rating?
- Is insurance their full-time profession?
Be persistent to save money
Cheaper Mitsubishi Mirage G4 insurance in Colorado Springs can be sourced online as well as from insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not offer the ability to get a quote online and usually these smaller companies only sell through independent insurance agencies.
When getting Colorado Springs auto insurance quotes online, it’s not a good idea to skimp on critical coverages to save a buck or two. In too many instances, consumers will sacrifice collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase a proper amount of coverage at an affordable rate and still be able to protect your assets.
Drivers change insurance companies for a number of reasons such as being labeled a high risk driver, extreme rates for teen drivers, policy cancellation or even denial of a claim. No matter why you want to switch, switching companies is pretty easy and you might even save some money in the process.
Other resources
- What if I Can’t Find Coverage? (Insurance Information Institute)
- What Insurance is Cheapest for Drivers Under 21 in Colorado Springs? (FAQ)
- Who Has Cheap Colorado Springs Auto Insurance for Welfare Recipients? (FAQ)
- How Much is Colorado Springs Car Insurance for a Toyota 4Runner? (FAQ)
- Driving in Bad Weather (Insurance Information Institute)
- Insuring a Leased Car (Insurance Information Institute)