To save the most money, the best way to get low-cost auto insurance rates is to make a habit of comparing prices annually from different companies in Colorado Springs. Rate comparisons can be done by following these guidelines.
- Spend a few minutes and learn about car insurance and the things you can change to keep rates low. Many policy risk factors that result in higher rates such as getting speeding tickets and a poor credit score can be controlled by improving your driving habits or financial responsibility. Continue reading for the details to get lower rates and get bigger discounts.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give rate quotes from a single company like GEICO and Allstate, while independent agencies can provide price quotes for a wide range of companies. Get quotes now
- Compare the quotes to your existing rates to see if a cheaper price is available in Colorado Springs. If you can save money and switch companies, make sure coverage is continuous and does not lapse.
- Tell your current agent or company of your decision to cancel your current policy and submit payment and a signed application to your new insurance company. Immediately upon receiving it, keep the new certificate of insurance above your visor, in the console, or in the glove compartment.
One key aspect when comparing rates is that you’ll want to make sure you compare the same level of coverage on each price quote and to quote with as many auto insurance providers as possible. Doing this helps ensure a fair rate comparison and the best price quote selection.
It’s amazing but a large majority of drivers have stayed with the same insurance company for well over three years, and nearly the majority have never compared rates to find cheaper insurance. Colorado Springs drivers could save as much as 35% every year by just comparing rate quotes, but most tend to underestimate the rate savings if they changed companies.
Finding a lower price on Scion xB insurance can be quick and easy. Drivers just need to spend a few minutes comparing rates from different insurance companies.
Doing price comparisons online is so simple that it takes the place of having to call or drive to insurance agents’ offices. Buying insurance online has made agencies unnecessary unless you have a complicated situation and need the personal advice that you can only get from talking to an agent. Although, it is possible obtain prices from the web and still use a local agent.
The providers in the list below offer price quotes in Colorado Springs, CO. In order to find cheaper car insurance in Colorado Springs, we suggest you get price quotes from several of them to get a more complete price comparison.
Discounts mean cheaper rates for Scion xB insurance in Colorado Springs
Insuring your vehicles can cost a lot, but there may be some discounts that could help you make your next renewal payment. Some discounts apply automatically when you quote, but a few must be requested specifically in order for you to get them.
- Save over 55 – Mature drivers may receive lower premium rates.
- Payment Discounts – By making one initial payment instead of monthly or quarterly installments you can avoid monthly service charges.
- Renewal Discounts – A few car insurance companies offer discounts for renewing your policy early. It’s a savings of about 10%.
- Good Grades Discount – Performing well in school can save 20 to 25%. The good student discount can last until age 25.
- Discounts for Government Workers – Active or retired federal employment could provide a small rate reduction depending on your company.
- Defensive Driver Discounts – Passing a safe driver class could possibly earn you a 5% discount and also improve your driving technique.
- No Claims – Good drivers with no accidents pay less compared to policyholders that have many claims.
- Include Life Insurance and Save – Select companies reward you with a break if you buy a life policy as well.
- Paper-free Discount – A few larger online companies provide a small discount for buying a policy and signing up on the web.
You should keep in mind that many deductions do not apply to the overall cost of the policy. Most only apply to specific coverage prices like comprehensive or collision. If you do the math and it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.
The information below illustrates the difference between Scion xB annual premium costs with and without discounts applied to the policy premium. The costs are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, claim-free, marriage, multi-policy, homeowner, and multi-car discounts applied.
Car insurance companies that possibly offer these discounts include:
Double check with all companies you are considering to give you their best rates. Some of the earlier mentioned discounts might not be offered in Colorado Springs.
Scion xB insurance analysis
The premium information displayed next outlines detailed analysis of insurance costs for Scion xB models. Being able to understand how insurance policy premiums are determined is important for drivers to make smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XB 2WD | $152 | $218 | $362 | $22 | $108 | $862 | $72 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Estimates do not factor in garaging location in Colorado Springs which can decrease or increase auto insurance rates significantly.
How high should deductibles be?
One of the hardest decisions when shopping for auto insurance is where to set your physical damage deductibles. The comparisons below can help illustrate the price difference of buying low and high comp and collision deductibles. The first table uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XB 2WD | $302 | $448 | $352 | $20 | $106 | $1,253 | $104 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XB 2WD | $168 | $236 | $352 | $20 | $106 | $882 | $74 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Information does not factor in specific location information which can lower or raise insurance rates noticeably.
Using the data above, we can ascertain that using a $100 deductible costs an average of $30 more each month or $360 a year than quoting the higher $1,000 deductible. Since the policyholder would be required to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 30 months between claim filings, you would most likely save money if you opt for a higher deductible.
How to determine if raising deductibles makes sense
| Average monthly premium for $100 deductibles: | $104 |
| Average monthly premium for $1,000 deductibles (subtract): | – $74 |
| Monthly savings from raising deductible: | $30 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $30 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 30 months |
One thing to be aware of is that increasing deductibles to lower your rates means you pay more out-of-pocket when you file a claim. You need to have some money saved in the event you need to pay more for the deductible.
Cost comparison with and without full coverage
The diagram below illustrates the comparison of Scion xB car insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The data assumes no violations or accidents, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
When to eliminate full coverage
There is no set guideline of when to exclude comprehensive and collision coverage on your policy, but there is a general convention. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s assume your Scion xB claim settlement value is $5,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most you would get paid by your company is $4,000 after you pay the deductible. If premiums are more than $400 annually for your policy with full coverage, then you might want to think about dropping full coverage.
There are some cases where buying only liability insurance is not in your best interest. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
What if I want to buy from local Colorado Springs insurance agents?
Some consumers would rather get advice from a local agent and that is just fine! Professional agents can point out coverage gaps and help in the event of a claim. One of the benefits of comparing insurance prices online is that you can obtain cheap auto insurance quotes but also keep your business local. Buying insurance from neighborhood agents is especially important in Colorado Springs.
By using this quick form, your information is instantly submitted to companies in Colorado Springs that can give you free Colorado Springs auto insurance quotes and help you find cheaper coverage. You never need to search for an agent since rate quotes are delivered to the email address you provide. If for some reason you want to get a comparison quote from a specific company, you just need to go to their quote page to submit a rate quote request.
Shown below is a short list of insurance companies in Colorado Springs who can help you get price quotes for Scion xB insurance in Colorado Springs.
Benson Insurance Group, LLC
5155 N Academy, #110 – Colorado Springs, CO 80918 – (719) 622-3079 – View Map
American Family Insurance – Michael Brandl Agency Inc.
1965 Dominion Way Ste 120 – Colorado Springs, CO 80918 – (719) 630-7557 – View Map
Peter Martinez – State Farm Insurance Agent
106 N Circle Drive – Colorado Springs, CO 80909 – (719) 633-0300 – View Map
Six and Geving Insurance Inc
3630 Sinton Rd # 200 – Colorado Springs, CO 80907 – (719) 590-9990 – View Map
Choosing a provider shouldn’t rely on just a low price. These are some valid questions you should ask.
- Does the quote include credit and driving reports?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
- Which members of your family are coverage by the policy?
- Is there a Errors and Omissions policy in force?
- How experienced are they in personal risk management?
How do I know if I need professional advice?
When it comes to coverage, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed.
For instance, these questions can aid in determining whether you will benefit from professional help.
- If my Scion xB is totaled, can I afford another vehicle?
- At what point should I drop full coverage?
- What if I don’t agree with a claim settlement offer?
- Can I get a multi-policy discount?
- Why am I required to get a high-risk car insurance policy?
- Can my teen driver be rated on a liability-only vehicle?
- Does coverage extend to a rental car in a foreign country?
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
How Car Insurance Companies Calculate Scion xB Insurance Rates
It’s important that you understand some of the factors that come into play when calculating your policy premiums. When consumers understand what positively or negatively impacts your premiums, this empowers consumers to make smart changes that could result in lower premium levels. Lots of things are used in the calculation when you quote your car insurance policy. Some are pretty understandable such as your driving record, but others are more obscure like where you live or your financial responsibility.
Annual mileage and car insurance prices – Driving more miles every year the higher the price you pay to insure it. Almost all companies price each vehicle’s coverage based upon how you use the vehicle. Autos not used for work or commuting get more affordable rates than cars that get driven a lot. It’s always a good idea to double check that your auto insurance coverage properly reflects the correct driver usage. Having an incorrect usage rating on your xB can cost quite a bit.
Premiums also based on gender – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn’t mean males are worse at driving than females. They both are in fender benders at a similar rate, but the males tend to have more serious accidents. They also get ticketed for serious violations such as driving while intoxicated (DWI) or driving recklessly.
The illustration below shows the comparison of Scion xB car insurance costs for male and female drivers. The premiums assume no accidents, no driving violations, full physical damage coverage, $500 deductibles, single status, and no discounts are applied.
See if your company offers a multi-policy discount – Lots of companies allow lower prices for people who buy several policies from them in the form of a multi-policy discount. Discounts can add up to as much as ten percent or more Even if you already get this discount, consumers should still compare Scion xB rates in Colorado Springs to confirm you are receiving the best rates possible. You may still be able to save even more by buying insurance from more than one company.
Extra policy coverages are wasting money – Insurance policies have a lot of extra coverages that may not really be needed if you aren’t diligent. Coverages like rental car reimbursement, high-cost glass coverage, and term life insurance could be just wasting money. They may sound like good ideas initially, but now you might not need them so think about removing them and cutting costs.
Traffic violations mean higher rates – Having just one citation can increase rates substantially. Drivers with clean records get better prices than bad drivers. Drivers who have multiple tickets like hit and run, DWI or reckless driving convictions may find that they have to to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to keep their license.
The diagram below illustrates how speeding tickets and fender-benders can raise Scion xB insurance costs for different ages of insureds. The prices are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.
What are your physical damage deductibles? – Physical damage deductibles are the amount of money you are required to pay before a claim is paid by your company. Physical damage protection, aka comp and collision, insures against damage to your car. Examples of covered claims are colliding with a stationary object, hail damage, and damage caused by road hazards. The more expense you’re willing to pay, the better rate you will receive.
Higher prices for specific vocations – Jobs such as lawyers, airline pilots, and stock brokers generally pay higher rates than average in part from intense work situations and lengthy work days. Conversely, professions such as farmers, students and homemakers generally pay rates lower than average.
More performance means more cost – The make and model of the car or truck you need insurance for makes a huge difference in determining your rates. The cheapest rates will normally be found when insuring small economy passenger vehicles, but the cost you end up paying is determined by many additional factors.
The following data uses these assumptions: married male driver age 30, full coverage with $500 deductibles, and no discounts or violations. It shows Scion xB insurance premiums compared to other makes and models that have different performance rating factors.
Scion xB statistical loss data – Insurance companies take into consideration insurance loss statistics for every vehicle to calculate a price that offsets possible losses. Vehicles that are shown to have higher claim amounts or frequency will have higher rates for specific coverages. The data below shows the historical insurance loss data for Scion xB vehicles.
For each coverage category, the statistical loss for all vehicles averaged together equals 100. Values under 100 are indicative of better than average losses, while numbers shown that are more than 100 show a trend for more claims or an increased likelihood of larger losses.
| Vehicle Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Scion xB | 86 | 92 | 89 | 148 | 127 | 116 |
Statistics from IIHS.org for 2013-2015 Model Years
Insurance is an important decision
Despite the high cost of buying insurance for a Scion xB in Colorado Springs, insurance is required in Colorado but also provides important benefits.
- Almost all states have minimum mandated liability insurance limits which means you are required to carry specific minimum amounts of liability coverage in order to be legal. 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 have a loan on your Scion xB, more than likely the lender will force you to buy full coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender will be forced to insure your Scion at a more expensive rate and require you to reimburse them for the much more expensive policy.
- Insurance preserves both your Scion xB and your personal assets. It will also pay for many types of medical 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 cause an accident and are sued. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of carrying enough insurance more than offset the price you pay, especially if you ever need it. But the average driver in Colorado overpays more than $810 a year so it’s recommended you shop around once a year at a minimum to be sure current rates are still competitive.
Car insurance companies ranked
Selecting the right car insurance company is difficult considering how many companies there are in Colorado Springs. The company rank data in the next section can help you select which insurers you want to consider when looking for cheaper rates.
Top 10 Colorado Springs Car Insurance Companies Overall
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Mercury Insurance
More effort can pay off
We just showed you some good ideas how you can save on Scion xB insurance in Colorado Springs. It’s most important to understand that the more quotes you get, the better your chances of lowering your premium rates. You may even find the lowest auto insurance rates come from the least-expected company. These smaller insurers may often insure only within specific states and give better rates compared to the large companies like Allstate and Progressive.
A few companies may not provide rate quotes online and many times these regional carriers work with independent insurance agents. Cheaper car insurance in Colorado Springs can be purchased online as well as from insurance agents, and you need to price shop both to get a complete price analysis.
Additional car insurance information can be read below:
- Teen Driving Statistics (GEICO)
- Who Has Affordable Auto Insurance for Retired Military in Colorado Springs? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Jeep Wrangler in Colorado Springs? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Over Age 60 in Colorado Springs? (FAQ)
- Drunk Driving Statistics (Insurance Information Institute)
- Your Car has been Stolen: Now What? (Allstate)