If price shopping auto insurance online is new to you, it’s easy to get overwhelmed by the large number of auto insurance companies all offering big savings in Greeley.
Companies that sell car insurance don’t always advertise every available discount very clearly, so here is a list both well-publicized and the harder-to-find savings tricks you should be using.
It’s important to understand that many deductions do not apply to the overall cost of the policy. Some only reduce individual premiums such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, it just doesn’t work that way.
For a list of insurance companies who offer auto insurance discounts in Colorado, click this link.
There are a lot of ways to compare auto insurance prices but there is one way that is easier and takes less work. You can waste a few hours (or days) discussing policy coverages with insurance agencies in Greeley, or you could use online quotes for quick rates.
Most of the larger companies belong to an insurance system that allows shoppers to send in one quote, and every company returns a rated price for coverage. This prevents consumers from doing quote requests for each company.
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The single downside to using this type of system is that you can’t choose the insurers you want to price. So if you prefer to choose specific insurance companies to compare, we have a page of auto insurance companies in Colorado. Click here to view list.
It’s up to you which method you use, but double check that you are using apples-to-apples coverages and limits on every quote. If you use mixed coverages then you won’t be able to make an equal comparison in Greeley. Slightly different coverages can result in a big premium difference. Keep in mind that more quotes provides better odds of finding the best price.
It’s important that you understand the factors that go into determining the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that may reward you with lower auto insurance prices.
Listed below are some of the factors companies use to determine rates.
Auto insurance providers like Progressive, GEICO, Allstate and State Farm continually stream television and radio advertisements. They all make the same claim that you can save after switching to their company. How can each company say the same thing? This is how they do it.
Different companies have a certain “appetite” for the type of customer that makes them money. For instance, a desirable insured could possibly be between 25 and 40, owns a home, and has excellent credit. Any driver who meets those qualifications receives the best rates and is almost guaranteed to save a lot of money.
Potential customers who are not a match for this ideal profile will have to pay higher prices and this can result in the customer not buying. The ads say “customers that switch” but not “drivers who get quotes” save money. This is how companies can truthfully claim big savings. Because of the profiling, it is so important to get as many quotes as possible. It’s impossible to know which company will give you the biggest savings.
Affordable auto insurance is definitely available both online as well as from independent agents in Greeley, so compare prices from both in order to have the best price selection to choose from. Some insurance companies don’t offer the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.
In this article, we covered many ways to lower your auto insurance rates. The key concept to understand is the more providers you compare, the better your chances of lowering your rates. Consumers may even find the most savings is with some of the lesser-known companies.
Consumers who switch companies do it for a number of reasons such as high rates after DUI convictions, delays in responding to claim requests, delays in paying claims or even being labeled a high risk driver. Regardless of your reason, choosing a new insurance company is easier than you think.
Additional detailed information is available at the Colorado DORA Division of Insurance website. Colorado consumers can discover disciplinary actions, find a variety of consumer forms, and find disaster information.