How many times have you put off comparing quotes for lower-priced insurance rates in Colorado Springs, CO? Colorado Springs drivers have a choice when trying to find the best price on Toyota Land Cruiser insurance. They can either waste time driving around to get rate comparisons or use the internet to make rate comparisons.
There is a better way to compare insurance rates and you need to know the absolute fastest way to quote coverages for a new or used Toyota and find the best price possible from Colorado Springs insurance agents and online providers.
It’s an obvious assumption that auto insurance companies don’t want you comparing rates. Insureds who shop for lower rates are highly likely to move their business because there is a high probability of finding a more affordable policy. A recent study showed that drivers who compared prices regularly saved over $850 each year compared to other drivers who never compared other company’s rates.
If finding the lowest rates on auto insurance in Colorado Springs is your ultimate objective, then having a grasp of how to get rate quotes and compare car insurance can save money and time.
It’s a great practice to quote other rates before your next renewal since insurance rates trend upward over time. Just because you found the best deal on Toyota Land Cruiser insurance in Colorado Springs a couple years back you will most likely find a better price today. Forget anything you know (or think you know) about insurance because you’re about to find out one of the best ways to find better coverage on Toyota Land Cruiser insurance in Colorado Springs at a better price.
Finding more affordable Colorado Springs auto insurance rates is pretty simple and can save money. Drivers just need to take the time getting comparison quotes from some recommended companies.
The auto insurance companies shown below have been selected to offer price comparisons in Colorado Springs, CO. If your goal is to find cheap car insurance in Colorado Springs, CO, we recommend you compare several of them in order to find the cheapest rates.
Cheaper rates with these discounts on Toyota Land Cruiser insurance in Colorado Springs
Insuring your vehicles can cost a lot, but discounts can save money and there are some available that you may not even know about. Certain discounts will be applied at the time of quoting, but some must be asked for before being credited.
- Air Bags and Passive Restraints – Vehicles equipped with air bags can get savings as much as 30%.
- E-sign Discounts – A few larger online companies may give you up to $50 for buying your policy online.
- Colorado Springs Homeowners Discount – Owning a home in Colorado Springs can get you a discount because maintaining a house is proof of financial responsibility.
- Anti-theft System – Cars, trucks, and SUVs equipped with tracking devices and advanced anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Discounts for New Vehicles – Putting insurance coverage on a new Land Cruiser can get you a discount due to better safety requirements for newer vehicles.
- Senior Citizens – If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums.
- Employee of Federal Government – Employees or retirees of the government could provide a small rate reduction but check with your company.
- Onboard Data Collection – Drivers that enable their company to track driving patterns by using a telematic data system such as Progressive’s Snapshot and State Farm’s In-Drive could save a few bucks if they have good driving habits.
- Student in College – Children who live away from home at college without a vehicle on campus may qualify for this discount.
- Multiple Policy Discount – When you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
Discounts save money, but please remember that most credits do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that you would end up receiving a 100% discount, you’re out of luck.
The example below shows the comparison of Toyota Land Cruiser insurance premiums with and without some available policy discounts. The premium estimates are based on a female driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, marriage, claim-free, multi-car, multi-policy, and homeowner discounts applied.
A few popular companies and a selection of discounts are:
- American Family may include discounts for air bags, accident-free, defensive driver, mySafetyValet, good driver, multi-vehicle, and Steer into Savings.
- Farm Bureau discounts include driver training, renewal discount, multi-policy, good student, and multi-vehicle.
- State Farm offers discounts for good driver, multiple autos, defensive driving training, Drive Safe & Save, student away at school, multiple policy, and passive restraint.
- Travelers has savings for multi-policy, IntelliDrive, early quote, good student, payment discounts, continuous insurance, and driver training.
- The Hartford policyholders can earn discounts including anti-theft, vehicle fuel type, bundle, defensive driver, and driver training.
- GEICO has discounts for emergency military deployment, membership and employees, anti-lock brakes, good student, and multi-policy.
- Progressive includes discounts for good student, multi-policy, homeowner, online signing, and multi-vehicle.
If you need lower rates, check with each insurance company which discounts you qualify for. Some of the earlier mentioned discounts may not be available in every state. To view car insurance companies with significant discounts in Colorado, click this link.
Car insurance statistics and figures
The coverage information shown next covers estimates of rate quotes for Toyota Land Cruiser models. Learning a little about how auto insurance premiums are determined can help guide drivers when making smart choices when comparing insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Land Cruiser | $246 | $432 | $358 | $22 | $108 | $1,166 | $97 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, homeowner, and claim-free. Rates do not factor in the specific area where the vehicle is garaged which can raise or lower premiums noticeably.
Car insurance deductibles
When shopping for car insurance, a common question is which deductibles should you choose. The rates below can help you visualize the rate fluctuation when you buy lower versus higher insurance deductibles. The first data table uses a $100 comprehensive and collision deductible and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Land Cruiser | $458 | $838 | $352 | $20 | $106 | $1,799 | $150 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Land Cruiser | $334 | $566 | $352 | $20 | $106 | $1,378 | $115 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can increase or decrease auto insurance rates greatly.
Using the data above, we can ascertain that using a $100 deductible will cost in the ballpark of $35 more each month or $420 each year than choosing the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you have more than 11 months between claims, you would most likely save money going with the higher deductible.
The information below demonstrates how choosing different deductibles and can raise or lower Toyota Land Cruiser insurance prices for each different age category. The information is based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
Rate comparison of full coverage and liability-only
The example below shows the difference between Toyota Land Cruiser car insurance costs when comparing full coverage to state minimum liability only. The premiums assume a clean driving record, no at-fault accidents, $250 deductibles, single marital status, and no additional discounts are factored in.
When to drop comprehensive and collision
There is no definitive formula that is best for determining when to drop comp and collision coverage, but there is a general guideline. If the annual cost of your full coverage insurance is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s assume your Toyota Land Cruiser settlement value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is destroyed, the most you would receive is $4,000 after paying the physical damage deductible. If you are paying in excess of $400 annually for physical damage coverage, then you might consider buying liability only.
There are a few situations where removing full coverage is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.
What if I want to buy from local Colorado Springs insurance agencies?
A small number of people still prefer to talk to an insurance agent and that can be a great decision Good agents can help you choose the best coverages and help file insurance claims. One of the great benefits of comparing insurance prices online is that you can obtain cheap auto insurance quotes and still have an agent to talk to. And providing support for neighborhood insurance agencies is important especially in Colorado Springs.
To help locate an agent, after submitting this simple form, your coverage information is instantly submitted to insurance agents in Colorado Springs who will return price quotes to get your business. You won’t need to search for any insurance agencies because quoted prices will be sent directly to your email. If for some reason you want to quote rates from one company in particular, you just need to search and find their rate quote page and fill out their quote form.
Pick the best car insurance agent in Colorado Springs for you
If you need to find a local insurance agency, you need to know there are two different types of agents and how they can quote your rates. Insurance agencies in Colorado Springs can be described as either independent (non-exclusive) or exclusive. Either can write auto insurance policies, but it’s important to point out how they are different because it can impact the selection process.
Independent Auto Insurance Agencies or Brokers
Agents in the independent channel can sell policies from many different companies so they have the ability to put coverage amongst many companies and possibly get better coverage at lower prices. If your premiums go up, they can switch companies in-house and you don’t have to find a new agent.
If you are comparing auto insurance prices, you absolutely need to compare quotes from several independent insurance agents in order to have the best price comparison. Many write coverage with different regional companies that may provide cheaper auto insurance rates.
The following are Colorado Springs independent agencies who can help you get pricing information.
- Benson Insurance Group, LLC
5155 N Academy, #110 – Colorado Springs, CO 80918 – (719) 622-3079 – View Map - O’Donnell Agency Inc
707 S Tejon St – Colorado Springs, CO 80903 – (719) 227-7100 – View Map - Six and Geving Insurance Inc
3630 Sinton Rd # 200 – Colorado Springs, CO 80907 – (719) 590-9990 – View Map
Exclusive Auto Insurance Agencies
Agents of this type work for only one company such as Farmers Insurance, State Farm, or Allstate. They usually cannot compare rates from other companies so if the price isn’t competitive there isn’t much they can do. They are trained well in insurance sales which aids in selling service over price. Drivers often buy from exclusive agents mostly because of the brand legacy and strong financial ratings.
Shown below is a short list of exclusive agencies in Colorado Springs that are able to give price quote information.
- John Youngdahl – State Farm Insurance Agent
600 N Tejon St – Colorado Springs, CO 80903 – (719) 475-8787 – View Map - Lee Ann Moore – State Farm Insurance Agent
3649 Star Ranch Rd – Colorado Springs, CO 80906 – (719) 540-9520 – View Map - Brandon Kolk – State Farm Insurance Agent
12229 Voyager Pkwy Ste 100 – Colorado Springs, CO 80921 – (719) 599-3600 – View Map
Choosing the best insurance agency is decision based upon more than just a low price. Here are some questions you might want to ask.
- If your car is in the repair shop, do you have coverage for a rental car?
- Do they specialize in personal lines auto insurance in Colorado Springs?
- Will your rates increase after a single accident?
- Does the agency have a current Errors and Omissions policy?
- Are all drivers listed on the coverage quote?
- Are they in the agency full-time?
Once you have received positive responses to these questions and the cheapest Toyota Land Cruiser insurance in Colorado Springs quotes, you may have found an auto insurance agent that is reputable and can provide auto insurance coverage.
How do Insurers Determine Toyota Land Cruiser Insurance Rates?
Many things are taken into consideration when quoting car insurance. Some are pretty understandable like a motor vehicle report, but some are more obscure such as your marital status or your commute time.
- Rental and towing coverage may not be needed – There are quite a few add-on coverages that sound like a good idea at the time if you aren’t careful. Coverages for vanishing deductibles, accident forgiveness, and term life insurance may be costing you every month. They may seem like a good idea when discussing your needs, but if you’ve never needed them in the past eliminate the coverages to reduce your premium.
- Raise comp and collision deductibles and save – The deductibles are the amount of money you are required to pay if you file a covered claim. Physical damage insurance, also called comprehensive and collision insurance, insures against damage to your car. Some examples of claims that would be covered could be a windshield broken by a bird, fire damage, and having a roll-over accident. The larger the amount you are required to pay out-of-pocket, the bigger discount you will receive.
- Lower prices with continuous coverage – Driving with no insurance is a big no-no and any future policy may cost more because you let your coverage lapse. Not only will you pay higher rates, not being able to provide proof of insurance could earn you fines and jail time.
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High performance equals high prices – The make and model of the vehicle you are trying to find cheaper insurance for makes a substantial difference in determining your rates. The lowest performance passenger models usually have the lowest rates, but the final cost of insurance is determined by many other factors.
The following data assumes a single female driver age 50, full coverage with $250 deductibles, and no discounts or violations. It compares Toyota Land Cruiser car insurance rates compared to other models that have different performance risks.
- Your liability protection limits – Your policy’s liability coverage will protect you if you are determined to be liable for causing personal injury or damage in an accident. Liability provides legal defense coverage which can cost a lot. Liability insurance is pretty cheap as compared to coverage for physical damage, so do not cut corners here.
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Toyota Land Cruiser claim probability – Insurance companies analyze the history of losses to help determine the rate you pay. Models that have higher losses will have higher premium rates. The table below illustrates the insurance loss data used by companies for Toyota Land Cruiser vehicles.
For each coverage type, the loss probability for all vehicles compiled together is a value of 100. Values that are under 100 suggest a better than average loss history, while percentages above 100 point to more losses or a tendency for claims to be larger.
Toyota Land Cruiser Insurance Claim Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Land Cruiser 4dr 4WD 94 88 171 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Why do I need car insurance?
Despite the high insurance cost for a Toyota Land Cruiser in Colorado Springs, insurance is mandatory in Colorado but it also protects more than you think.
- Almost all states have compulsory liability insurance requirements which means you are required to buy a specific minimum amount of liability insurance coverage 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 have a loan on your Toyota, most lenders will require that you have full coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the lender may insure your Toyota at an extremely high rate and require you to fork over a much higher amount than you were paying before.
- Insurance safeguards not only your Toyota Land Cruiser but also your financial assets. It also can pay for many types of medical costs for not only you but also any passengers injured in an accident. As part of your policy, liability insurance also pays expenses related to your legal defense if you are sued as the result of your driving. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.
The benefits of carrying adequate insurance definitely exceed the cost, particularly when you have a large claim. According to a recent study, the average American driver overpays more than $820 a year so we recommend shopping around at least once a year to ensure rates are inline.
Don’t give up on cheaper coverage
Insureds who switch companies do it for many reasons like being labeled a high risk driver, not issuing a premium refund, denial of a claim or high prices. No matter why you want to switch, switching companies is less work than it seems.
As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. Too many times, consumers will sacrifice liability coverage limits and learned later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to find the BEST coverage at the best price.
We just presented many ways to find cheap Toyota Land Cruiser insurance in Colorado Springs. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers may even find the most savings is with some of the lesser-known companies.
Steps to finding cheaper rates for Toyota Land Cruiser insurance in Colorado Springs
If saving the most money is your goal, then the best way to find cheaper quotes for auto insurance rates in Colorado Springs is to compare prices at least once a year from insurance carriers in Colorado.
- Take a few minutes and learn about how companies set rates and the measures you can take to prevent rate increases. Many policy risk factors that increase rates such as distracted driving and poor credit history can be rectified by making small lifestyle or driving habit changes.
- Compare price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can provide price quotes from multiple companies. Click to view companies
- Compare the price quotes to your current policy to see if cheaper Land Cruiser coverage is available. If you find a lower rate quote and decide to switch, ensure there is no coverage lapse between policies.
- Tell your current agent or company of your intention to cancel your current coverage and submit a completed policy application and payment for your new policy. Once the paperwork is finalized, place your new certificate of insurance in your glove compartment.
One bit of advice is to compare the same liability limits and deductibles on every price quote and and to get price quotes from as many companies as feasibly possible. Doing this helps ensure the most accurate price comparison and a good representation of prices.
Additional information is available at these links:
- Distracted Driving Extends Beyond Texting (State Farm)
- Who Has Cheap Colorado Springs Auto Insurance Rates for a Ford Escape? (FAQ)
- What Car Insurance is Cheapest for Hybrid Vehicles in Colorado Springs? (FAQ)
- Credit Impacts Car Insurance Rates (State Farm)
- Older Driver Statistics (Insurance Information Institute)
- Keeping Children Safe in Crashes Video (iihs.org)