New Strategies for Buying Denver, CO Auto Insurance Cheaper

I can’t think of a single person who cherishes buying auto insurance, especially knowing they are paying too much.

Having so many auto insurance companies to choose from, it’s difficult to choose the most cost effective provider.

This article will introduce you to the best way to quote coverages and some tricks to saving. If you have car insurance now, you will most likely be able to reduce your rates substantially using these methods. Nevertheless, Colorado vehicle owners need to learn the way companies market insurance on the web and apply this information to your search.

Compare Auto Insurance Today

There are several ways to compare auto insurance quotes, but there is one way that is more efficient than others. You could waste time talking about coverages with insurance agencies in Denver, or you could save time and use online quotes to get rate comparisons in just a few minutes.

The majority of car insurance companies participate in a marketplace that enables customers to enter their policy data once, and at least one company can give them a price based on that information. This eliminates the need for form submissions to every company.

To compare pricing click here to open in new window.

One minor caviat to comparing rates this way is you cannot specify which companies you want to price. So if you want to select specific providers to compare, we have a page of the cheapest auto insurance companies in Colorado. Click here for list of insurance companies in Colorado.

Which method you use is up to you, but compare identical coverage limits and deductibles on every quote. If you enter mixed coverages it will be impossible to make a fair comparison in Denver. Just a small difference in limits can make a big difference in price. And when price shopping your coverage, quoting more provides better odds of finding better pricing.

You probably qualify for some discounts

The cost of insuring your cars can be expensive, but there are discounts available that you may not even be aware of. Certain discounts will be applied at the time of purchase, but a few must be asked for before being credited.

  • Multiple Cars – Having all your vehicles on one policy could earn a price break for each car.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of 20% or more.
  • Discounts for Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less than drivers with accident claims.
  • Distant Student – Kids in college living away from home attending college and don’t have a car may qualify for this discount.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to buckle their seat belts could cut 10% or more off the personal injury premium cost.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as comp or med pay. Just because it seems like adding up those discounts means a free policy, you won’t be that lucky. Any qualifying discounts will reduce the cost of coverage.

To choose providers who offer auto insurance discounts in Denver, follow this link.price insurance in Denver CO

Your local neighborhood insurance agent

Some consumers would prefer to talk to a local agent and that is just fine! One of the great benefits of comparing insurance prices online is that you can obtain better rates but also keep your business local. Supporting local businesses is definitely important in Denver.

To make it easy to find an agent, after completing this short form, your coverage information is sent to agents in your area who will give you bids for your insurance coverage. There is no reason to leave your computer because quoted prices will be sent straight to your inbox. How cool is that?! It’s the lowest rates without the usual hassles of price shopping.

Types of auto insurance agents in Denver

When looking for a reputable insurance agent or broker, there are a couple of types of agencies from which to choose. Agencies in Denver are classified as either captive or independent (non-captive).

Independent Agents (or Brokers)

Independent agencies are not employed by any specific company but instead can place your coverage amongst many companies and potentially find a lower price. To transfer your coverage to a different company, an independent agent can move your coverage and that require little work on your part. When shopping rates, it’s recommended you include several independent insurance agents for maximum quote selection.

The following is a list of independent insurance agents in Denver who can help you get rate quotes.

Steven Pfeifer Agency Inc – 2140 S Ivanhoe St # 100 – Denver, CO 80222 – (303) 795-2666
Mccormick Joe Insurance Agency – 2390 S Downing St – Denver, CO 80210 – (303) 777-6848
Copic Insurance Co – 7351 E Lowry Blvd – Denver, CO 80230 – (720) 858-6000
Bruce A Murphy Agency – 680 W 121st Ave # 110 – Denver, CO 80234 – (303) 289-9737
ABC Agency Inc – 2140 S Ivanhoe St # 203 – Denver, CO 80222 – (303) 756-3007

Captive Insurance Agents

Captive insurance agents have only one company to place business with such as Liberty Mutual, State Farm, Allstate and AAA. They are unable to give you multiple price quotes so it’s a take it or leave it situation. Captive agencies are well schooled on the products they sell which can be an advantage.

Shown below are captive agents in Denver who can help you get comparison quotes.

Farmers Insurance Group – 200 S Sheridan Blvd # 130 – Denver, CO 80226 – (303) 975-9950
Allstate Insurance – 1333 W 120th Ave # 215 – Denver, CO 80234 – (720) 929-8222
Shelter Insurance – 6444 E Hampden Ave # J – Denver, CO 80222 – (303) 577-3024
American Family Insurance – 9025 E Kenyon Ave – Denver, CO 80237 – (303) 889-5959
State Farm Insurance – 1333 W 120th Ave – Denver, CO 80234 – (303) 451-6861

For a complete listing of captive agencies in Denver, view this link.

Selecting an insurance agency needs to be determined by more than just the bottom line cost. Here are some questions to ask:

car insurance image

  • Do they have adequate Errors and Ommissions coverage? This protects you if they make a mistake.
  • How much can you save by raising your physical damage deductibles?
  • How often do they review policy coverages?
  • Can they give you a list of client referrals?
  • How long has their agency been open in Denver?
  • Who is covered by the car insurance policy?

After receiving acceptable answers to these questions and a low price estimate, chances are good that you have found a car insurance agent that meets your needs to adequately provide auto insurance.

Is my situation unique?

When choosing the right insurance coverage for your vehicles, there is no perfect coverage plan. Everyone’s needs are different so this has to be addressed. These are some specific questions might point out whether or not you might need professional guidance.

  • Am I covered when delivering products for my home-based business?
  • When should my teen driver be added to my policy?
  • Does coverage extend to a rental car in a foreign country?
  • Do I need higher deductibles?
  • What is high-risk coverage and where do I buy it?
  • What happens if I owe more than my vehicle is worth?
  • What vehicles should carry emergency assistance coverage?
  • When should I remove comp and collision on my vehicle?
  • What discounts do I qualify for?

If you can’t answer these questions then you might want to talk to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies.

Much more information about auto insurance in Colorado is available on the website for the Colorado DORA Division of Insurance located here. Colorado drivers can find a variety of consumer forms, view a list of available companies, and download brochures.

Additional helpful sites include this page for auto insurance prices in Colorado and this page of Denver insurance agents.

Better coverage you can count on

In this article, we presented a lot of information how to get a better price on auto insurance. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may discover the lowest premiums are with a small local company. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like State Farm and Allstate.

When you buy insurance online, you should never reduce coverage to reduce premium. In many instances, an insured cut comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy enough coverage at an affordable rate.